#831: Turning your Amazon inventory sourcing approach upside down
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 8 May 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
Our newer ProvenAmazonCourse.com and coaching students often ask questions like, “Where can I find a source that allows me to sell items for a profit on Amazon?”
Typically these students are looking at the current or average recent buy box price on Amazon or the featured price and then setting about trying to find a "cheaper source".
While there's some potential in that model, there's far lower hanging fruit for you to explore and that's the topic of today's new podcast episode.
Today we turn the sourcing question upside down and ask this question instead:
“Now that I know my cost of acquiring this item, what price will I need to sell this item for on Amazon in order to make a profit?"
Next ask...
"Are there ASINs that make my profitable price a reasonable goal?"
Once you know how to look, the answer will be a resounding "YES" far more often that you might suspect!
Let's talk about it on today's episode. Watch it pn our YouTubbe channel here: https://youtu.be/EVuDWkWXmQA
Special guest at the conclusion of today's show, Jeff Schick of JeffSchick.com answers the question: What should I look for on a retail store receipt as a reseller on Amazon?
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 or visit https://silentjim.com/free11
TheProvenConference.com - It's not too late to attend our May 23-25th 2024 live event in Orlando! Nearly 800 registered to attend! Some tickets remain, and livestream is less than $1 per session (and you get ALL event recordings!) Get the latest cutting edge ideas from our top performing students for less than $1 per session! Hurry though - when the event starts the price goes WAY up!
SilentJim.com/bookacall - Book a call here to discuss our offers including coaching, legends and ProvenAmazonCourse.com course
SilentJim.com/bb70 - See over 150 examples of keepa charts of "above buy box" winners that are selling in Jim's account in real time RIGHT NOW.
My Silent Team Facebook group. 100% FREE! https://www.facebook.com/groups/mysilentteam - Join 75,000 + 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!
https://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!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, business building warrior. |
| 0:03.9 | Welcome to Silent Sales Machine Radio. |
| 0:06.5 | I hope you enjoy listening to this podcast as much as we enjoy making these episodes for you. |
| 0:11.8 | If you're new around here, this is the show that features hundreds of interviews with the students of the proven Amazon course, which has become the flagship training course |
| 0:23.9 | in the industry, as evidenced by the thousands of posts in our free Facebook group of people |
| 0:31.1 | talking about the results they're getting, the hundreds of interviews that you've heard |
| 0:34.7 | on this show, and the fact that we've been doing this |
| 0:37.5 | longer than anyone. Speaking of which, we've got our 12th annual Amazon Seller Conference coming up |
| 0:44.9 | very soon. It's more than just Amazon now. Of course, it's multiple streams of e-commerce |
| 0:49.7 | strategies that will be taught at this event, But it's also the longest running Amazon seller |
| 0:54.3 | conference in the industry. I'm talking about the proven conference. There's a link, of course, |
| 0:59.2 | at silentjim.com to pretty much everything we're going to talk about today, including a link to |
| 1:03.7 | this podcast episode. So any resources that are mentioned, you can jump over there and see those easily. |
| 1:09.0 | But the conference is coming up in Orlando, May 23rd |
| 1:11.8 | through 25th, 2024. The website is the provenconference.com. I just want to encourage you, |
| 1:17.9 | if you haven't locked in your live stream access, which also gets you all the event recordings, |
| 1:24.1 | over 45 breakout sessions, almost 50 sessions scheduled at this point. |
| 1:28.6 | It's going to be incredible. |
| 1:29.9 | Get onto the website, see what all is there. |
| 1:32.7 | For a buck or two per session, you're going to be able to get the cutting edge content |
| 1:36.9 | that we're bringing to this community. |
| 1:38.9 | And something I love about this event, I think the reason it's had such longevity, |
... |
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