Episode 324: TMBA324: The Amazon Gold Rush
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 18 February 2016
⏱️ 44 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/amazongold/ Throughout the history of the internet, there have been many different entrepreneurial opportunities. People who got in on these opportunities early have historically found an incredible amount of success. What we've seen in 2016 is that the people who have gotten into the Amazon ecosystem early on are starting to see the fruits of that decision. This week, Dan and Ian have put together a unique round table discussion with a few of those people; Greg Mercer of Jungle Scout, Brad DeGraw of Amazon Sherpa and Kiri Masters of Bobsled Marketing. They will be sharing their tips, tricks and tools on how to make the Amazon platform work for you.
Transcript
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| 0:00.0 | Look, El Dorado, the city of gold. |
| 0:04.0 | This could be our destiny, our fate. |
| 0:07.0 | Miguel, if I believed in fate, I wouldn't be playing with loaded dice. |
| 0:14.2 | Hey, podcast, listener. |
| 0:15.7 | Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, |
| 0:20.3 | you are joined by |
| 0:21.1 | thousands of entrepreneurs from all around the globe seeking to grow better, more profitable, |
| 0:26.6 | location independent businesses. If you'd like to learn more about what we do and download |
| 0:31.3 | our entire back catalog, check out tropical MBA.com. |
| 0:44.3 | Thank you. check out tropical MBA.com. Can you ever do this? |
| 0:45.6 | Do you ever go to like a museum and put on your overalls and go out there and |
| 0:49.7 | paying for gold? |
| 0:50.6 | I value my time way too much for that. |
| 0:53.2 | This is a real thing, man. I know. I know. Over the course of the history of the internet, there are these zeitgeist of like movements of places that you can go to find incredible opportunities on the internet. You know, I'm thinking of things like, say in the early days, you remember eBay, right? I do. I still use it. Yeah, like the people who got in early on that, like, it was good for them. |
| 1:11.1 | And like me and you both have a lot of mutual friends who found out about affiliate marketing early in the day. And the people who got those great affiliate marketing offers, you know, back in 2005, 2004, whatever, they had the right timing. It worked out really good for them. And I think what we're seeing in our community now, as of 2016, |
| 1:28.5 | is that the people that have got into the Amazon ecosystem are really seeing a ton of success. |
| 1:34.4 | It just really seems to be happening right now. It's like in the zeitgeist. |
| 1:37.7 | Yeah, it harkens back, I think, to the days of eBay, where people were making ridiculous amounts |
| 1:42.3 | of money on this new platform because they took the time to understand how it works. And so today we're going to talk with a couple of people that have taken the time to understand how Amazon works. And they're going to share with you their tips, tricks, and tools to make it work for you. This is an interesting format for us because we don't often have like a discussion panel. Really curious to hear if you enjoy this format. I'd be happy to do more of it. We actually got a comment on last week's episode. It was on our blog and someone said one more thing regarding this week's episode about Amazon, which we're about to roll. Whoever you interview, could you please ask them some questions about profitability? I think that this is a great question. A lot of times we talk about |
| 2:17.8 | people that are making ridiculous or what sounds like ridiculous amounts of money, $100,000, $250,000 a month. |
| 2:23.4 | And this person is curious about profitability, which we all are. As you know, Dan, because we're in the |
| 2:28.2 | business, physical products can be relatively difficult to manufacture and deliver, and the margins can be quite thin depending |
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