#700: A live Amazon Q/A with our Facebook members and PAC students
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 9 September 2023
⏱️ 87 minutes
🧾️ Download transcript
Summary
Once per week or so our Amazon seller leadership team and I love to go live on Zoom with whoever can join us and answer as many ecommerce and Amazon selling related questions as possible.
We love to capture the best moments from these Monday night sessions for you and turn them into a podcast episode
Show note LINKS:
SilentSalesMachine.com - text the word "free" to 507-800-0090 to get a free copy of Jim's latest book in audio about building multiple income streams online!
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!
My Silent Team Facebook group. 100% FREE! https://www.facebook.com/groups/mysilentteam Join 70,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world!
KICKSTART Bootcamp - Brand New to Amazon and REPLENS? All students of the provenamazoncourse.com course who've not yet made their first REPLENS sale will benefit greatly from this series of live (and recorded of course) zoom group sessions with a coach - it's only $39! Contact Support@SilentSalesMachine.com for details especially if you are a PAC student.
Questions and comments:
Jim shares how we are a community working together and not competitors working against each other! The primary reason behind Jim's teaching is because only 16-18% of all retail economic activity is online so there is a lot of opportunity for everyone! He also reminds the listeners how important relationships are in building your business!
New sellers should watch this video to learn what the replens model is: https://Silentjim.com/introvideo.
Jim explains how often times another seller will provide the safety certificate that is needed for the listing (only 1 seller has to provide it). So an approach can be to just sit on your inventory for a little while and wait for someone else to provide it (if you aren't able to locate it yourself)
Jim reminds the listeners that we are looking for underserved ASINs, not winning products! Jim encourages newer sellers to listen to Podcast #554 - Ignore the Amazon "buy box" more if you want to sell more Amazon Replens. Remember the "rule of 3" - if you buy it for $8, then you'll want to sell it for $24. Also, it's highly recommended that new sellers join the KickStart Boot Camp (must be a Proven Amazon Course student)
How are results and feedback…" Provenbotsourcing.com is a program that scapes retail websites which helps sellers find potential replens. It's proving to be a very effective way to source but certainly not the only way
Jim discusses what IP concerns are and explains how to look at the Keepa graph to determine if this might be a concern - look for the "skateboard ramp of death." Jeff Schick is an attorney that is vetted with Jim's program and is highly recommended for any legal assistance needed
Jim discusses Amazon to Amazon flips and how to go about doing that properly - do not use prime discount for ordering
The guest mentions Coach Susan Gilbert's "micro goals to macro visions" and talks about how slow and steady is the way to build your business! Jim also discusses pricing and how it can be challenging for new replen sellers
Jim explains the difference between scanning barcodes (Easter egg hunt model) vs searching for underserved ASINs on Amazon. Nathan mentions "spokes in the marketing world" and how much opportunity there is for selling online! Nate mentions Jim's candlelight vs cake analogy
Jim answers the guest's question regarding how to get the most value out of the coaching program! Jim again recommends newer sellers listen to podcast episode #554 - "Ignore the Amazon buy box more if you want to sell more Amazon replens!" The head of the coaching team, Nathan Bailey, also adds to the discussion on the coaching program! Jim summarizes by saying, "Stay encouraged with the team (other sellers), go faster with a coach!"
Jim answers the guest's question about how to best balance time! Nathan suggests using a business journal to help manage time in order to be successful and mentions the 4 D's in business - 1) Do It, 2) Delegate it, 3) Drop it, 4) Delay it
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, business building warrior, I've got a treat for you today from time to time. Well, actually about |
| 0:07.1 | once a week or so, I like to go live in the Facebook group and invite any of the members who'd like |
| 0:13.0 | to join me onto like a Zoom session, where we can see each other and interact with each other on the |
| 0:18.9 | screen. If you want to join us for one of these, by the way, typically I do it on Monday evenings, around 5 p.m. Eastern time. |
| 0:25.4 | That's 5 o'clock p.m. New York time. |
| 0:28.5 | Most weeks, not every week. |
| 0:30.1 | But this time, I recorded the session. |
| 0:32.7 | We don't record all of them, but we did this time, and we may do this a few times in the future as well if this is something |
| 0:38.0 | that we get some feedback from you, saying you enjoy. So let me set this up a little bit, |
| 0:43.9 | and you can decide if this is an episode for you. We ask all of the members of our community, |
| 0:49.8 | we've got about 72,000 people in our Facebook group to bring any questions they have to a live |
| 0:56.0 | Zoom hangout where the topic is typically revolving around growing your business in e-commerce and on |
| 1:02.4 | Amazon. |
| 1:03.1 | So we get all kinds of interesting questions. |
| 1:05.6 | And you can see from the description today some of the questions that were tackled during |
| 1:09.6 | the discussion time. |
| 1:12.0 | A lot of times these Monday night meetings are a way for us to greet the newest members of our community. So you'll |
| 1:17.3 | see some questions in there that kind of cater to the newer sellers who are trying to establish a |
| 1:22.8 | business on Amazon. But just so you know, if this is one of your first episodes you've ever listened to of our |
| 1:27.9 | podcast, my name is Jim. I'm the host most of the time on this show. We have some other great |
| 1:33.6 | coaches who host as well from time to time. But this show has about 500 episodes or more of |
| 1:40.5 | success story interviews with the students of ours who are taking the proven Amazon course. |
... |
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