There will always be toy fads, like fidget spinnersBecause the toy market is always changing, it is rarely over-saturatedPay attention to trends and jump on opportunity buysThe best situation is when you are able to buy up virtually all the inventory so you control the marketUnfortunately, toy prices are very volatile - so you have to be prepared to roll with the punches

Straight to the Point

46. Why Toys Are Always Good Products for Amazon Sellers

The first step is to take a step back and look objectively/meditate (I prefer running) - 0:55Most people get a routine and just go through the motions each day - 1:38How you get unstuck is actually different for each person - 2:50Set finite goals - 3:15Do this by setting long-term goals and working backwards to find the short-term stepsAnother thing is to audit your time - 6:30A lot of people are overly busy with unnecessary thingsWhere are you wasting time and where can you fit something like a vacation to clear your head____________Entrepreneurship is like a tea kettle on a hot stove...& you're the tea kettle.At some point the kettle has to release pressure, & the same applies to entrepreneurs.But the question is, how do you do it effectively?https://podcasts.apple.com/us/podcast/58-how-to-get-unstuck/id1474270927?i=1000468986914Tap into this episode & your business will thank you.So will your body.So will your mind.So will the people around you.https://podcasts.apple.com/us/podcast/58-how-to-get-unstuck/id1474270927?i=1000468986914Defining what helps you "reset" & how you master your time are two huge pillars that I discuss in this episode.I hope you enjoy this episode just as much as I enjoyed shooting it.Beau

58. How to Get Unstuck

In my life, I have had people who meant well, but were also toxic - 1:20You can learn from everyone - and from some people it’s what not to do - 2:22The first thing is to understand where you’re at (and don’t underestimate yourself) - 3:40Next, evaluate the intentions of the person giving you advice - 4:20Listen to your gut - 6:00Listen to those who are experts in that specific area over those who you may --just be close to - 7:40--------------What do you do when you get bad advice from good people?In this episode, I show you how to handle these (sometimes uncomfortable) moments while preserving the relationship.https://podcasts.apple.com/us/podcast/57-what-to-do-with-bad-advice-from-good-people/id1474270927?i=1000468783242I hope during this time of crisis you all are staying safe, informed, & at ease.  Despite the chaos, my team & I are still working to bring you quality content as it is our hope that it'll help you pass the time a little bit easier......and even have a nice boost in productivity due to the recommended social distancing.So again, we hope you enjoy the content & we hope you stay safe.  The world will be back in the game before we know it ?Beau

57. What To Do With Bad Advice From Good People

Everyone has 24 hours in a day, but how you use that time is the biggest factor in how you run your business - (0:45)Why no one cares about your time, but when you start to...everything changes. (2:00)One major thing to understand if you are starting an Amazon business to free up time. (9:15)How to create as much instant gratification as you want. (10:20)-------------------Here's how to get your fix of instant gratification everyday.*LINK*Nobody cares about your time, but do you?We all have 24 hours in a day, but how we view that 24 hours could either help or harm us in the long run.  Often times we forget to realize that success comes with a delay & allow the journey become a nuisance, rather than a pleasure.  Tune into this episode for some empowering thoughts to lead you into the weekend.Beau

56. Why I Just Deleted 237 Contacts From My Phone

When you first start an Amazon account, you are restricted in some of the items you may sell - this is called gating - and many new users struggle to get “ungated” - 0:45The two ways you can successfully ungate without hassle. - 8:81How you might want to approach your ungating timeline. 10:02________When people get started on Amazon, often times they worry about things that ultimately won't serve them in a years time.There's a huge focus on ungating when you're new to business on Amazon.In this episode, I share what to avoid & how to successfully navigate the waters of ungating without making a fool of yourself.Tune in for your crash course in Amazon Ungating here: https://podcasts.apple.com/us/podcast/55-amazon-ungating-101/id1474270927?i=1000468095426Beau

55. Amazon Ungating 101

If I had to go back to my 12 year old self, the big thing I would explain to myself is the differences between saving, spending, and investing - 1:42As a kid, I made money selling socks, and I would hoard my money - 2:15At the advice of my friend Caleb Guilliams, I spent the better part of a semester learning all about compound interest and opportunity cost - 4:40Ask yourself (at any time/age) if what you’re doing now is the biggest thing you will accomplish 8:00_____________Do you ever wish you could go back in time to arm your younger self with the wisdom you know today?https://podcasts.apple.com/us/podcast/54-what-i-would-tell-my-12-year-old-self/id1474270927?i=1000467984362Growing into my business has brought a LOT challenge.If I was a professor going back in time to enlighten my 12 year old self with important differences on saving, spending, & investing...here's what I'd say:https://podcasts.apple.com/us/podcast/54-what-i-would-tell-my-12-year-old-self/id1474270927?i=1000467984362Tune into this episode if you need a boost inside your business. Beau

54. What I Would Tell My 12-Year-Old Self

I received a message from an Amazon guru saying that “passive income isn’t real - 0:44Passive income is where little or no action is required to keep generating revenue - 2:14The typical model is someone who owns a bunch of businesses, but doesn’t directly manage them, like Warren Buffet - 3:00The key to passive income is “outsourcing” - 4:50Set a goal for how much of your income you want to be passive and recognize that you’ll have to work a lot up front to make that possible. From there you can structure a plan to make it happen by outsourcing tasks - 7:45_________________

53. Is It Possible to Earn Passive Income Through Amazon

The biggest thing I had to do to start the year was recognize that I can’t be a one-man show, and this meant building a solid, foundational team - 0:42The next step was to improve our team communications flow - 2:27Another big step was to go over financials and look at the bottom line and long-term investments - 4:30I needed to keep my team well managed, but also make sure that I’m not a bottleneck for tasks and growth - 5:50The point is to audit yourself and your business to find weaknesses and areas for improvement - 8:00_____________There comes a time in every business person's life where they realize the #1 thing holding them back from the success they've always dreamed of is...Themselves. https://podcasts.apple.com/us/podcast/52-what-i-did-in-january-to-grow-my-business/id1474270927?i=1000467420809In this episode I share with you multiple "epiphany" moments that allowed me to grow my business in January.Tap into these ideas early on EVEN IF you aren't particularly where you want to be.  Simply hearing these growth concepts has the power to shift what you believe to be possible & can massively impact the positive actions you take toward your business every day.Tune in here: https://podcasts.apple.com/us/podcast/52-what-i-did-in-january-to-grow-my-business/id1474270927?i=1000467420809Beau

52. What I Did in January to Grow My Business

There are courses out there about retail arbitrage - and they aren’t worth it - 1:10What is arbitrage? - 2:12People gravitate towards arbitrage, in part, because of a lack of confidence - 4:05Arbitrage is tricky and can get you suspended - 5:53Primary issues with arbitrage - 7:15Not scalableThe profit margins are comparatively slimYou are competing with big brands and big retailers - which is a losing game____________Do you have confidence issues?  Today's episode is all about online 'arbitrage' & why it might be a good idea to stay away from it. There are people out there who swear by this model in Amazon selling, but in this episode I am poking holes in the method.https://podcasts.apple.com/us/podcast/51-why-i-stay-away-from-arbitrage-and-so-should-you/id1474270927?i=1000466938191In this episode I cover:• Why people typically gravitate towards this model (4:05)• How arbitrage can get you suspended (5:53)• The primary issues with committing to arbitrage (7:15)So far this has been a controversial topic amongst the Amazon community, but if you're going to be successful in ANY business, you must consider the realities of your industry.Tune in here:https://podcasts.apple.com/us/podcast/51-why-i-stay-away-from-arbitrage-and-so-should-you/id1474270927?i=1000466938191Beau

51. Why I Stay Away from Arbitrage and So Should You

Why buying low is so critical (focus on profit margins) - 1:16Five questions for your buying strategy - 2:28Who? (who are you buying from?) - 2:38For large brands, your best bet is to buy direct from distributorsFor small brands, it is best to buy direct from the manufacturerWhat? (what are you selling?) - 8:53Where? (Where are you fulfilling it?) - 10:37Some products will sell better on eBay, for exampleThis will help you to know whether its more profitable to sell FBA or FBMHow? (how are you operating your business?) 11:44Which? (which method are you using to find suppliers?) - 13:38-----------Have you fell into the trap of trying to find out all of the answers before launching your Amazon business?Two things:1) You will never be able to predict what will happen before you begin taking action. (Action holds all necessary feedback for corrections)2) The QUESTIONS are the ANSWER.What does this mean?  A lot of business owners bind themselves into unnecessary anxiety simply because they are searching for the right ANSWERS...instead of the right QUESTIONS.This can be torturous.  Asking the right questions in your business will lead you to an oasis of taking positive action....and taking positive action IS the answer.Go here:https://podcasts.apple.com/us/podcast/50-key-questions-every-online-seller-must-ask-themselves/id1474270927?i=1000466719726Beau

50. The Key Questions Every Online Seller Must Ask Themselves

First, there are many ways to make money on Amazon, but not all are equally profitable. (0:43)Second, understanding how to win the buy box & why it's crucial to do so. (6:40)Third, why you will fail inside Amazon if your reason to succeed is not deep enough. (8:18)Fourth, knowing what Amazon wants from you. (9:24)Fifth, understanding that selling on Amazon is a long-term game - instant wins are not realistic or sustainable, you have to build an actual business model and invest in the future. (12:00)__________16 minutes that will help you get off the fence about starting an Amazon business:*Link*Here's an all encompassing episode that shares 5 Tips for Getting Started with an Amazon Business.First, there are many ways to make money on Amazon, but not all are equally profitable. (0:43)Second, understanding how to win the buy box & why it's crucial to do so. (6:40)Third, why you will fail inside Amazon if your reason to succeed is not deep enough. (8:18)Fourth, knowing what Amazon wants from you. (9:24)Fifth, understanding that selling on Amazon is a long-term game - instant wins are not realistic or sustainable, you have to build an actual business model and invest in the future. (12:00)As a side note, many times I encounter people with big desires to start their Amazon business. BUTWhat holds them back are inhibitions.  Fear of the unknown.Worry of what others might think.Anxiety towards the possibility of failing.Over years of experience, I have discovered that these feelings will always linger & the best way to have control over them is to take action. Dive in with both feet & course correct along the way because nothing new comes to those whom stand still.*Link*Hope this finds you well,Beau

49. 5 Tips for Getting Started with an Amazon Business

While you can make money on Amazon, you must set realistic expectationsFirst, educate yourself - do you know what product to sell? Do you know suppliers?Setting up your business takes little time (about 2 weeks), but building the foundation for success is more of a long-term processWhen you’re ready to start, set up your business (legally) first, and THEN create your Amazon account. Next, focus on getting to know suppliersMake a list of about 50 to connect with - call them, don’t just emailOnce you’re set up with suppliers, it will be a couple weeks before you start selling and making money - BUT, real success and money comes from building an efficient system to keep the money flow growing------------How Long Does It Take to Start Making Money on Amazon?People reach out to me all the time asking about what it takes to create a strong foundational base for an Amazon business. • What goes into the setup process & how long it takes• What to avoid when starting your business so you only do it ONCE, the right way.• When EXACTLY is the right time to begin sellingThese things sound simple, but even masters overlook the basics.Set up your Amazon business the right way from the start.You'll be happy you did.https://podcasts.apple.com/us/podcast/48-how-long-does-it-take-to-start-making-money-on-amazon/id1474270927?i=1000466029327

48. How Long Does It Take to Start Making Money on Amazon?

Getting started on Amazon is relatively quickMany business ventures have a lot of starting cost and requirements that take a lot of timeRunning an Amazon business doesn’t require much overheadWhen you’re just starting out, you don’t have to hire a lot of employees or rent space like with a traditional or brick & mortar businessIt’s easy to walk away from, if you must.As counter-intuitive as it may seem, shutting down (or pausing) your Amazon business is relatively simpleUnlike a lot of markets and companies, Amazon has solidified itself as a long-term fixture of the retail market_______If you're new to the entrepreneurship it's great to explore different avenues before committing fully to one thing.This episode will lay out why you might want to slide Amazon to the top of your list.  Check it out here:I'm enjoying putting out this content.  Let me know in the comments what you may want to hear in a future episode.

47. How Amazon Is Different (& Better) for New Entrepreneurs

Why selling necessities is a profit oasis in disguiseHow to find distributor/manufacturer info from the products you use everyday.Turning expenses into assetsA weekly activity everyone does that can actually be leveraged to find suppliers.It is possible that some of the best profits in Amazon are...right under your nose?*INSERT LINK*Tune in to this weeks episode & discover the profit oasis everyone can leverage & how to turn your daily necessities into long term assets.See you inside the episode,Beau

45. Turn Your Expenses into Profits

What's the difference between wholesale & retail & why suppliers struggle with managing both.Why companies put their attention into marketing, branding, & advertising instead of trying to control the distribution chain.The comfort in specialization & why you should turn to an expert for anything else.Do you want mastery inside your Amazon business?Some people have incredible potential to succeed, but they simply don't.Why?  There are many reasons, but one of them I've noticed is because they don't put in the effort to dig below the surface.To normalize & speak the language of their craft.To understand all aspects of the business, even if it may seem inapplicable for day to day operations in your current business level.Truth is, Amazon business gets easier the more you understand.  The challenges get harder, too, until you understand.  ...& the cycle repeats.If you can understand the individual components of what drives your business.The people.The processes.The outcomes.(and how they fit together in the entire puzzle)You are ahead of the rest who don't take the time to understand.Tune in to my most recent episode, "Why Suppliers Don't Sell on Amazon" below:https://podcasts.apple.com/us/podcast/44-why-suppliers-dont-sell-on-amazon/id1474270927?i=1000464641682I'll see you on the inside.Beau

44. Why Suppliers Don't Sell on Amazon

The cycle of constricting financial education stops here. Straight To The Point deconstructs the best and most current strategies on how to effectively sell inside the Amazon marketplace today. Millennials are “broke & uneducated” because they’ve used the same strategies and ways of thinking that the generations before them have used… and in today’s world, they don’t work. My goal, is to break old habits and instill new beliefs and thought patterns for people who are ready for their next breakthrough in personal development and financial achievement.