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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 415: TMBA415: Insiders Discuss Making Money with Amazon: a Double Edged Sword?

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9527 Ratings

🗓️ 16 November 2017

⏱️ 61 minutes

🧾️ Download transcript

Summary

http://www.tropicalmba.com/amazon2/ This week's episode represents one of the most promising and immediate opportunities for starting a business on the internet.

Dan and Ian have spoken at length about Amazon on this show in the past. Time after time, they have heard stories of success from other entrepreneurs.

A year ago, they explored some of these same ideas on an episode that was one of the most popular and controversial episodes we've ever done.

Kevin Graham joined us for that episode. He runs a portfolio of almost 60 Amazon product review websites, and is the founder of Bulk Buy Hosting. Kevin agreed to speak with us again today, along with Coran Woodmass, whose company TheFBABroker.com brokers Amazon based eCommerce businesses.

On today's show, Kevin and Coran speak at great length about the types of successes that people are having on Amazon, the criticisms of Amazon based businesses, and what kind of opportunities exist in this marketplace for entrepreneurs of all types. 

Transcript

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0:00.0

Hey podcast listener, even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, you are joined by thousands of entrepreneurs from all around the globe seeking to grow better, more profitable, location independent businesses.

0:17.8

If you'd like to learn more about what we do and download our entire back catalog, check out tropical MBA.com.

0:32.1

Hey, oh, welcome to the TMBA podcast.

0:34.8

This is the show where we believe building a business is the best way to gain more

0:38.8

personal freedom and financial security in your life and the lives of your family.

0:44.6

Speaking of family, boss man's going to have a kid. You announced that on last week's episode.

0:49.2

I think we can drop the applause effect for that.

0:53.4

And to top it off, today is your birthday. Wow. What a week.

0:58.4

Our beards are grain massively. We are squarely in middle life, good sir. This is something that

1:04.8

I don't agree with. And that's the second time that you said that to me. You said it before we

1:08.8

started recording this. What are you talking about? It is your birthday. You are having a kid. What are you taking issue with here? The part I'm taking issue with is this

1:16.6

middle life thing. So when I was growing up, you had like your midlife crisis when you were like 50.

1:22.3

You bought a red corvette. Yeah. 50. Hear me out. It's irrational, but it's a courtesy. You say, oh, midlife crisis, 50,

1:30.0

you know, alluding to the fact that you might live to 100, right? It's generous, especially

1:34.9

back in the 80s. There's a lot of cocaine and cigarettes going on. Very optimistic.

1:39.3

It was a courtesy that you extended people. And so by you saying midlife at 36, I feel like I'm getting

1:45.3

robbed of something. Although, you know, when you do the X2 number, like it does seem like a

1:50.6

reasonable number, it seems like yesterday we were starting this business. I was 26 years old.

1:56.0

At 26, you feel like a kid. Or at least I felt like a kid. I was just, you know, kind of finding my way.

2:02.6

Ten years later, all of a sudden, I'm midlife. How does that work? You're midlife. Oh, man.

2:08.2

I don't even know what to say about that. Happy birthday, though. Thank you. Today, we are going to be

2:15.4

talking about, when you talk about, like, things that are buzzing, things that are trending, things that people can't be talking about when you talk about like things that are buzzing things that

...

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