#712: Good Mistake Money and Bad Mistake Money As an Amazon seller
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 4 October 2023
⏱️ 51 minutes
🧾️ Download transcript
Summary
There are many ways to go wrong when you are starting out your Amazon business building journey.
A few examples:
>Going all in on a private label brand leads to extreme disappointment about 95% of the time
>Buying from sources that aren't legit (closeouts, liquidations, "done for you models", warehouses that do the buying for you etc) These can all lead to sudden death for your account
>Going too deep to fast on what you think is great inventory
...the list is long and we've seen it all.
There are also some great lessons you can learn along as you grow. Not all "mistake money" needs to be high risk!
That's the topic of today's new "Coaches Corner" podcast episode.
A big reason we strongly suggest new students start with the ProvenAmazonCourse.com course (only $39/month) is because the training has a proven track record of getting our students real results. There are 100s of great interviews on our podcast with those students if you'd like to hear some of them!
Special guest at the conclusion of today's show, Jeff Schick of https://JeffSchick.com answers the question: What should a seller do when I get an IP complaint
Watch this episode on our YouTube channel here: https://youtu.be/WeguNGIuqac
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! If you live outside of the US or Canada please email support@silentsalesmachine.com for a copy!
TheProvenConference.com/virtual2023 - Our Oct 4-6 virtual event for online sellers. FREE for provenamazoncourse.com and coaching students! See site for details!
My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam 100% FREE! Join 72,000 + 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!
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!
ProvenAmazonCourse.com - the comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!
Come meet your fellow listeners to this podcast, dozens of our coaches and hundreds of business building warriors at our live event in May! It's not too early to plan! TheProvenConference.com/orlando/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, business building warrior. Welcome back to silent sales machine radio. |
| 0:07.7 | All new podcast episode today. I'll be with you for a couple minutes and then I'm going to |
| 0:11.5 | turn it over to my good friends, our coaching directors, Robin Joy and Brian Olson. They do such |
| 0:17.7 | a great job around here. I love their episodes once a week. I get to enjoy it |
| 0:21.8 | along with you. I've just listened to their latest episode full of Nuggets of Wisdom. What's a coaching |
| 0:28.3 | directory? You might be asking, well, we've got about 60 coaches on our team. These are all |
| 0:32.3 | people who have been through the proven Amazon course training. They've built a beautiful |
| 0:36.9 | business and now they loan out a few |
| 0:39.7 | hours a week of their time to help others go down the same journey that they've enjoyed and |
| 0:45.1 | already experienced themselves. We have so many coaches that we broke them up in the teams. |
| 0:49.6 | Brian and Robin Joy are two of the great coaching team leaders. And like I said, they'll be taken over here |
| 0:54.6 | in just a moment. But a couple of announcements, this is one of the last podcast episodes that you're |
| 0:58.9 | going to hear from us before our virtual conference, October 4th through 6th of 2020. We're having a |
| 1:07.5 | free fourth quarter training. Getting you ready for those final three months of the year, October, November, December. |
| 1:13.4 | We'll be massive for online shopping. |
| 1:15.9 | We're going to break all past records. |
| 1:18.4 | Amazon is going to be busier than ever, and there's huge opportunity there that's unique to those three months. |
| 1:25.1 | So we're going to get you ready for that and get you ready for what |
| 1:27.9 | 2024 has in store some of the brand new concepts and content that's coming your way. We're |
| 1:32.8 | going to introduce those concepts to you at the virtual conference. You can get full details on this |
| 1:38.9 | event at the proven conference.com. Just click on the virtual link there. You'll see it, get the details. |
| 1:45.9 | I said it was free. Now, there is a little caveat there. If you're a proven Amazon core student |
... |
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