#713: A live Amazon Q/A with our Facebook members and PAC students
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 7 October 2023
⏱️ 59 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.
Highlights compiled by the podcast team:
Jim opens the Facebook Live session with some general introductory comments before he dives into answering listeners' questions!
Jim reminds the listeners that we make our money when we buy our inventory! It's essential to make good buying decisions! REMEMBER: we are looking for test worthy ASINs, not "winning products!"
A listener wants to know if it is possible to start your business with no money to invest!? Jim says YES, definitely! Podcast episode #369 will help sellers learn Keepa in order to make good buying decisions!
A new seller asks Jim about creating new listings and how to go about hopping on existing listings! Jim clarifies some misconceptions about the Amazon forums!
Jim discusses how nothing is "typical" when it comes to starting a business! But he does emphasize that for people who are really willing to work hard, there are many success stories! Proof of concept can come quickly with the replens model!
Coach Robin Joy gives some Q4 tips for sellers and also highly recommends the Kick Start Boot Camp for new PAC members! It's a great way to get your Amazon business up and running!
Jim reminds new sellers of some very important tips to remember! 1) Do not set up new listings, 2) Do not do the private label method to start, and 3) do not do pay per click (PPC)! Rather, the goal is to look for and identify underserved listings to sell on!
John is saying "congrats on the upcoming 10 year anniversary…" Jim talks about the upcoming 10 year anniversary of the My Silent Team Facebook page and the incredible success the group has seen over the years!
Jim issues a warning to new sellers that Private Label is NOT the place to start! Our community has seen many sellers find us after losing a lot of money starting with PL!
Jim answers the listener's question in providing guidance where to start as a new seller: In the PAC, there is a "Getting started" section that will lead you to Amazon 101, Keepa, and the RA Replenishable course. Coaching is also an option as well - silentjim.com/coaching
Jim likes to look for 1) underserved listings with fewer sellers (5-7 sellers, 30-40 drops/month) and 2) anything that is dropping more than 40-50 times per month (regardless of how many sellers). Podcast episode #554 is a great listen about pricing your items and ignoring the buy box!
Jim recommends the oasimplified.com course for help with sourcing. Additionally, https://provenbotsourcing.com is a system for scraping websites to help find test worthy ASINs
Jim talks about doing RA via wholesale sourcing! Podcast #369 for more information on Keepa - this is essential! More information is coming regarding a wholesale mastermind group!
Show note LINKS:
Stay in touch! Text the phrase "SilentJim" to 507-800-0090 to stay up to date on our latest FREE training events and other important updates! Opt-out any time of course! Emall and Facebook are so unreliable - we'd hate to lose touch with you!
My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam 100% FREE! Join 74,000 + 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!
https://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!
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!
SilentJim.com/updates - get an alert on your smartphone each time we have a new podcast episode or free training event!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Silent Sales Machine Radio Business Building Warrior. I'm so glad you've chosen to spend a few moments with us today. We've got some pre-recorded content today since it's the weekend update, but it's probably content you haven't heard unless you join us on a regular basis for our live Monday night Q&A sessions with our entire community. |
| 0:23.9 | Man, some good questions happen when we do that. |
| 0:26.4 | And we'd love to share the questions and responses with you. |
| 0:30.8 | That's what we do in our weekend updates. |
| 0:33.5 | We'd love for you to join us some Monday. |
| 0:35.8 | It's open to anyone in our community. The best way to |
| 0:39.1 | hear about these and to get the links you need and participate is to be part of the free Facebook |
| 0:44.1 | group. There's a link at silent and gym.com to that free Facebook group. Jump in there. Most Mondays, |
| 0:50.1 | we go live quite often. It's me. Sometimes it's some other folks on our leadership team answering |
| 0:55.0 | any e-commerce or Amazon questions. Then we compile the best questions and answers into a weekend |
| 1:01.0 | update for those who couldn't make it to the live session. So that's what we've got for you today. |
| 1:06.6 | Hopefully you're enjoying your weekend. Thanks for taking us along. I'll cut right to the chase. |
| 1:12.1 | Let's jump right in the content. |
| 1:13.9 | Let's see what the team compiled for us today. |
| 1:16.9 | Hi, my name is Jim Cochrom. |
| 1:19.4 | Welcome to this Monday, August 14th, Zoom hangout with members of the My Silent Team community. |
| 1:25.7 | We're going to be talking about Amazon and |
| 1:28.3 | e-commerce in general tonight. I'm going to do a brief introduction. I'm going to talk a little |
| 1:33.1 | bit about what this community is, what it has to offer if you're new around here. And then we'll |
| 1:40.1 | dive into some of the topics that we're set for tonight. And any questions you have to do anything with amazon e-commerce or anything else that you've heard on a podcast maybe |
| 1:48.4 | just love hanging with the members of this group once a week or so and creating some great content |
| 1:55.4 | a lot of times because your questions are sometimes featured as snippets in our podcast which which you can hear at silentjim.com. |
... |
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