I would say I spend less than 8 hours a week without your course I can also say
I probably never done this it just opened my mind up to a whole different
entrepreneurial mindset so yeah I guess so we'll get started by first thing I
just want to say welcome and good to see you here Aaron I know I saw you out the
Vegas Event he asked a lot really good questions and I guess the first thing to
start off with was just kind of give a background on yourself on who you are
why would you want to get into selling on Amazon and kind of just go from there
sure yeah so my name is Aaron and my background is I am a engineer by what I
do I've been an engineer for about eight years and worked in the Gulf of Mexico
and worked on land rigs and and I kind of have a unique job whereas a majority
of my career I have to be gone to evolve it which means I I go to work on you
know in the field for two weeks and then I have two weeks off so I guess what
kind of brought me interested in this business model was was my free time
because I had two weeks off and I was
have a whole lot to do I mean you can only watch so much Netflix yeah I was looking
through online on YouTube one day looking for business models or something
basically how to make money on and the first business models that I saw were
something on Amazon it was private label and I walked a bunch of
their videos about private label and I understand what they were talking about
the thing that I didn't really like a lot
the main guy that I saw seventy and people like that or they
basically come in and they're Lamborghinis and show off all their
money their fancy houses and just something about just this really turned
me off they might be making money with what they're doing but it it looks like
they're making most of their money doing something else as it like getting people
to buy into the system based on what they're showing off so I watch those
guys videos for a while yeah I didn't it seemed like a lot of
work especially with the advertising you had to do with Facebook Ads and Instagram
finding the right product in the right niche at the right time and I was like I
wasn't really sold and then scrolling through these videos I'll eventually
land up on yours and you came across as very articulate very smart guy not
flashy please put down the business straight up this is what I do if you
follow these four principles you can make money and that really spoke to me
because I believe that's the kind of person I met I am and I like that so you
know you went through all your business models and I watch almost all of your
YouTube videos and then and then yeah talking about this course
and then there's actually another guy another one of your students that I
found his YouTube channel he was also talking about the course and when I
heard your message and then I heard some other people have basically saying a
positive message of course they all right can we try this especially when
you talked about here money back guarantee yeah alright so that's when I ended up
purchasing the course I went through all the material and and then I was sold on
in I start my own business LLC got that
going and then started you know finding suppliers the method I first used was
actually the the first method meant that you did Becky a forest
Started doing that to find suppliers then there you spyfu and found
alternate suppliers do that and once I had that one and I had a huge list of
suppliers going through forums probably 20 30 suppliers and then when you go to
spyfu you get more than that supplier together back then it's it's all about
at that point betting the good ones from a mediocre half true little good list of
good suppliers that have good products the the next thing that the hurdle of it
I guess is how to get through is approvals gamble and of the gating and
being able to sell the products you know when it's all that, that's a process
now I did use Steve bow guru a few times to get to some category meeting and then
after a while you find out your products are selling to what you want spelled
just have to make a purchase order from the suppliers and work with them
maybe they want you to have an MOQ over certain now then you just have to work
with them and say you know I'm just gonna
I want to purchase these products in the future can I make this smaller order first and
gated and then or if you want these other products and you know a lot of
suppliers work that relationship so once you get that I realized now it's about
six months in the more you do this and the longer you've been selling your it
that's definitely positive and I would say my first
I would say my first two to three months you know was more of like a learning
process yeah we're not what worked and what did
what I want so I'm told she first products I sold I had a brilliant
I just bought I bought stuff just to have no brand need your birds back and I
didn't really care right I didn't really understand people grasp that well
and sales rank and I just bought stuff for that thought
Angry Birds everybody know Angry Birds no no look at the didn't tell
me look at the numbers yeah so after a few
of that few I'm doing that I you you understand more about the numbers but
like you just said you learn about sales rank we learn about the ROI going about
how much profit you're gonna make per unit all that and I would say now I
am to the point after about six months I know look look a little more I
know the numbers look at if it is going to sell how fast it's gonna sell and he's
good ROI is your biggest indicator how broad so now I've got ungated and the
products and brands to where I didn't very quickly see if I see an email that
comes across look at this product I could basically look at it in ten
seconds and tell tell it to get here now and then sometime when I'm getting some
actually be able not the purpose today I made a $14,000 purchase on about 16
percent ROI well congrats on that it definitely sounds like you have more
confidence now to like make those bigger purchase order first god stars like I'm
probably I can make that big of purchase order so that's good to see where you're
at right now so no no so now it definitely seems like you know pretty
much of what you need to do you definitely learn through it spend a
couple months learning going through the process so now you really know what you
need to do so where do you see your business going or do you have any
specific goals rest of 2019 I do so I wouldn't say my
first I started in about interview she doesn't and I didn't really have a
specific goal action but my goal acted with people that's what I wanted to do
and I was able to do that so especially with the holidays and towards the end
years I ended up making about forty about forty thousand dollars in sales
nice enough that forty thousand it was about five thousand so that was you know
I thought that was a pretty good you know bringing out the business model and
working at some point more profit was very pleased that now for 2019 now that
I have a better understanding of the business my I would say my goal is
$25,000 is what I wanted to do so about five times where did last year I think
that's very doable with the no order I just made today that's gonna be a large
conversation if I continue finding more and more products more your methods I
think that's pretty cute oh yeah definitely be proud of that and I think
it's definitely reasonable goal for you get to so actually specific question I
have for you because I know we talked a little bit us as the Vegas events in
December is when you're paying smart are you doing mostly everything there bank
wire are you like utilizing any type of credit card sign of bonuses or anything
so that is another one of my hobbies that I pretty much sign of bonuses and
back in the day I would say four years ago there used to be like a bunch of
ways to meet minimum spend to get credit references get hands back there's been a
lot of those a lot of those methods of manufacturing spending closed up so I
kind of got out of it but now getting into your business is a very big
opportunity I wouldn't say it's manufactured spending but meet the
minimum span for different credit cards the it's
antidote so I would say probably the majority of your suppliers I've worked
with don't take credit for or if they do they charge a fee I would say most of
them prefer legs yes the third method of payment
Oh or aren't ya found quite a few that uses L PayPal or that premium silicate
that but I would say let's say a third or left probably 25 to 30 percent of my
suppliers do you take credit cards most of them charges are to the three
percent feet believe you and actually some of them don't turn anything great
nice but but what I do like you were living G with Simon for different
records he would personal or business credit cards and usually my threshold
that I like to see or sign up bonus is about seventy thousand points sign of
though some of them are even higher some of them could be 100 or 150 thousand
points at these credit cards and then once I get the credit card in the mail
case about 710 days to get that credit card and then you just make your
purchase orders like all the different products you on itself so let's say it
like for example I had a $14,000 order today I put the minimum spin on there to
meet gave my Santa Claus could get spend five thousand three months but five
thousand dollar than my credit card today I met the whole minimum spend
today and I'll get my ten to five thousand points you're probably actually
so if you do that enough you know let's say you do four or five credit cards a
year or more and you can get a ton of their sign approach things are just
great you can use it for travel or cash back or whatever you do I will say the
only caveat about that is he be very cognizant of the rules different
banks had such chase you know five point four rule light on language so that
seventy thousand points is that like seminar dollars cash or you utilizing
for travel or Oh how's that you you can redeem it as cash and you essentially
get one cent valuations from that so that seventy thousand points would be
about seven hundred dollars and if you easily forget cash or depending on the
part of the attack points are getting you can essentially use it as with their
transfer partners for example chase chase at the chase Ultimate Rewards
points you give these predators you can transfer that to their partner members
like United Airlines Southwest or Marriott and get a higher valuation so
for example the best valuation I've ever got was in Chase was what I got the
cheap sapphire reserve and when I signed up for the initially we had a hundred
thousand oh it's good at this good friend occurred all right and then when
I got those 100,000 points hitting them how do you use it for travel so I sent a
transferred 99 and depending on what flights you did you can actually get
let's say fifteen hundred dollars flight but it's only gonna cost you under
thousand points so when you look at the valuation in that day if you're getting
essentially fifteen hundred dollars worth of value and you only using a
thousand dollars worth of points you get in like a one point five valuation
percent more than you would if you just use it so essentially that hundred
thousand points got isn't that you've gotten from Center bonuses worth fifteen
month off yeah and that's a good if you're gonna buy the inventory anyway so
that you can use that buy that inventory any weights and you're gonna take those
flights exactly awesome so why would you say that on would be
because you have your job that goes two weeks on two weeks off is there
any challenges with managing your time at all in this business I would say not
really telling the truth even if I was working of a bad job I've
gotten to the point now where I see a lot of much like say I mean you know
spreadsheets and I'll use the boss analyzer software to quickly analyze
yeah there's different products and once you do this consistently for for say a
month or two you get to know how to do it very quickly drinking to be honest
with you I would say I spend less than eight hours a week for her so I'm a lot
less and then honestly and you can do this with an eight-five job you can use
part time you can use my I don't where important you want to off it it's not a
whole number each time intensive you could make it more into it but for me I
would say my goal works for me it doesn't take a whole lot of I don't want
to that's something really good so I mean it's good that you're going off
your own pace and a good thing with you you definitely like to it seems like
you'll definitely get to know things very well you like to learn it when you
go out things so that's really good definitely extremely proud of yourself
and really looking forward to see what you can do over the next few years
ah is there anything you want to add on or any last thoughts to say I would over
let me bring up one of the difficulties that have and it's more of a nuisance
than anything it has mostly to do with the terms
I mean it's Amazon Amazon is very customer friendly and customers can
return products for any reason they want and they know this and a lot of them do
it and when you get returns sometimes you can those those items will go back
in your inventory and you can sell them again and a lot of times
no no and when they don't you can either give them destroyed by Amazon or you can
set them back yourself and try to liquidate in a different way I guess my
point is we turn to part of Amazon you know block a lot of time you can't do
anything about it you just have to play the game and if
you're buying good products at the right price and selling in them at the right
price that should make up for the returns that you're gonna get
connections you know big cost of doing business
yeah awesome yeah so I mean you answered a lot of questions and you definitely
some pretty good insight for the things that you had to say so I don't have any
other questions to ask you but yeah I'm definitely glad to have you on here and
good job for everything you're doing so far and really looking forward to see
what you're doing over the next few years
yeah really appreciated both you introduced me to essentially start my
own side business and it's worked out really good
without your course I can also say I probably never done this and it just
opened my mind up to whole you know different entrepreneurial mindset we
commend you for what you've done oh thank you very much for that Oh
awesome well I think yeah we're good with there so then that's about it
hopefully everybody had a good time watching this if anyone does watch this
so yeah that's about it
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