#479: Using Amazon REPLENS model to sell $220K per month while running a prep center too
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 9 June 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
Today's guest is using the Amazon REPLENS strategy to sell about $220K per month at about 15% net margin. He runs this business together with just one assistant and neither of them are working more than a few hours per day on it. His other business is a prep center that helps many sellers from our community. He'll be at TheProvenConference.com event with us as well, so plan to be there to meet him along with hundreds of other successful sellers and your fellow listeners to our show! Today's guest Edward Holdgate
Check out our sponsor: BQool
For more information on BQool and to discover the many things AI does in BQool, please visit: www.bqool.com . Use Jim's exclusive Bqool Amazon repricer link: http://www.silentjim.com/repricer to get a 30-day free trial (valued at $100), no credit card required!
See our interview on YouTube: https://youtu.be/ehyeDZJ2Q0M
Show note LINKS:
ProvenAmazonCourse.com - the course that teaches all our Amazon strategies including the ones used by Edward - the REPLENS model
HeroicPrep.com - The prep center Edward runs
https://silentjim.com/podcast
Episode 431 of this podcast - Leigha episode (Edward's client)
Leads lists: Typically we do not suggest using leads lists as a new seller on Amazon. We don't endorse any lists at this time. Rather than buying from lists that are used by many other sellers we strongly urge you to find your own replens or hire a VA who works only for you!
PrepCenterNetwork.com - Need a hand in prepping inventory? We have a list of all known Amazon seller prep centers worldwide. If you know of a prep center that's not listed, please let us know!
JimCockrumCoaching.com - Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text) ALL of our coaches are running very successful businesses of their own based on the models we teach here! We've been setting the standard for excellence in e-commerce and Amazon seller coaching since 2002 with over 7,000 students served! Hundreds of our successful, happy students have been interviewed on our podcast!
Want some free training on the REPLEN selling model for Amazon?
Would you like to watch a 20 minute demonstration of the REPLENS model? Here's a link to a video in our private (free) facebook group (join the group to view the video):
https://www.facebook.com/groups/mysilentteam/posts/4744071185708954/
Here's a similar video on youtube if you don't use Facebook: https://youtu.be/b90bInL2yW8
ProvenReplensVA.com - We find, train and assign a VA (Virtual Assistant) to work ONLY for you as a "Replen Hunting" specialist! Visit this website to learn more!
Keepa.com - https://get.keepa.com/ede41 -The service we use to help interpret all of the selling data. For more information, Jim goes into more detail regarding why we love KEEPA and why every replen seller needs it on episode 369 of this podcast.
Tactical Arbitrage - We have some TA training coming, and we don't advise getting the tool before we have a chance to show you the strategies, but if you do jump ahead, here's a special offer they put together for us (affiliate link): https://Jimc.biz/TA
Podcast episode about our coming Tactical Arbitrage training: episode #431
Hear more podcasts at our page: https://silentjim.com/podcast
Get details on our printed newsletter:
https://www.facebook.com/groups/mysilentteam/permalink/4315695045213239/
SilentJim.com/updates - get an alert on your smartphone each time we have a new podcast episode or free training event!
Transcript
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| 0:00.0 | Hey, business building warrior, welcome to Silent Sales Machine Radio. |
| 0:06.4 | We have an episode today with a guest that I'll bring on in just a moment. |
| 0:11.0 | And you're going to meet someone who's using the model that we talk about so much on this program. |
| 0:15.6 | You've heard dozens of recent episodes, hundreds actually at this point, |
| 0:21.4 | 1,300 success stories in our Facebook group. |
| 0:24.4 | It's free, by the way. |
| 0:25.7 | Silentjim.com has a link to our free Facebook group, 69,000 members, |
| 0:30.3 | tons of success stories rolling in right now. |
| 0:33.2 | Using the model we're going to talk about today with our guest, Edward Holdgate. |
| 0:36.9 | Now, he's also got another interesting aspect of his story as well because he's actually |
| 0:40.6 | created a service that's serving a bunch of people in our community as well. |
| 0:45.5 | I want to talk some about that, too. |
| 0:47.5 | He runs a prep center, and we'll explain what that is during the show. |
| 0:51.0 | There's a few hundred prep centers now. |
| 0:53.2 | Most of them are in the United |
| 0:54.2 | States. They're spread out all over the world as well. And these are basically just services that |
| 0:59.3 | handle your inventory for you so you can run your Amazon business hands free. The particular |
| 1:06.0 | advantage that Edward has today is that his prep center is located in a state that has no sales tax, New Hampshire. |
| 1:15.1 | So if you're shopping online and you want to send some products to your house in a state that has sales tax, |
| 1:20.4 | you're going to notice, 5, 7, 9% more gets tacked onto the price. |
| 1:24.1 | Well, if you happen to live in New Hampshire or one of the other tax-free states in the U.S., |
| 1:27.5 | there's no sales tax-tax charged. So if you're shopping online for inventory to sell on Amazon, |
... |
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