#73 - The biggest challenge you'll face selling on Amazon
Built by Business: Amazon FBA, E-Commerce, Brand Building
Andy Isom | Amazon FBA Seller & Agency Founder
4.9 • 816 Ratings
🗓️ 23 August 2021
⏱️ 28 minutes
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Summary
In this episode, we are going to discuss the biggest challenge you'll face selling on Amazon after you're up and running
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Transcript
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| 0:00.0 | The biggest challenge you'll face selling on Amazon is managing your cash flow. |
| 0:05.0 | You're going to have to wait for four sales cycles of 100 units, which could take you four or five months. |
| 0:10.0 | So you're not going to have enough money to release your next variation for four months if you're operating on a 10% margin and that's how you're rolling. |
| 0:18.0 | But this is going to get kind of confusing. Stay with me. |
| 0:20.0 | Having a higher profit margin is going to speed up the growth process a lot faster. |
| 0:32.9 | You're listening to another episode of Selling on Amazon with Andy Isam. |
| 0:37.2 | In this episode, we're going to talk about the biggestelling on Amazon with Andy Isam. In this episode, we're |
| 0:38.1 | going to talk about the biggest challenge you'll face selling on Amazon. This comes from lesson |
| 0:43.0 | 47 of my ebook, zero to $200,000 in sales in our first year selling on Amazon, 67 lessons learned. |
| 0:50.9 | And as always, I've got a link, a special discount link for you guys right here in the show notes of this podcast. If you don't already have the ebook, I strongly |
| 0:57.8 | suggest you go ahead and grab that. I'm actually working on a updated newer version of the |
| 1:02.6 | ebook, but anyone who has the old version of the ebook, the one that's currently available, |
| 1:08.1 | you will automatically get the new version for free. So you don't need to |
| 1:13.1 | wait around, grab the version we got out right now. When the new one comes out, you'll automatically |
| 1:17.3 | get access to that. Let's jump in right to this episode today. Again, the biggest challenge |
| 1:23.7 | you'll face selling on Amazon. And this is the challenge that you're going to face |
| 1:27.9 | after you're already up and launched in selling. So we're not going to talk about, you know, |
| 1:32.4 | trying to decide what to sell or trying to find a supplier because those are definitely big |
| 1:37.2 | challenges. But in all honesty, I truly believe that the biggest challenge you'll face |
| 1:42.1 | selling on Amazon is managing your cash flow. |
| 1:46.1 | So managing the cash that's coming into your business, managing your profit, managing your |
| 1:51.0 | revenue, and finding an effective way to use the money that you're making to grow your business |
... |
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