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Sunday, September 17, 2023

Podcast Episode 180 – Methods to Earn 5 (and even 6) Figures a Month on Amazon

It’s completely doable so that you can make 5 (even 6) figures monthly on Amazon, and we’re not simply speaking about This fall, however all yr lengthy. In case you are simply beginning out as an Amazon vendor or seeking to take your revenue to the following stage, this episode is all concerning the steps that may allow you to do that. That’s proper, we’re sharing the secrets and techniques to our sourcing preparation and practices, in addition to an important elements in optimizing your Amazon enterprise!

We discuss some nice ideas for sourcing schedules and reminders, beating the summer season slow-down, benefiting from time-sensitive sourcing alternatives, and which areas you might want to pay probably the most consideration to when making ready for the height Amazon gross sales durations. Along with this, there’s additionally some thrilling and necessary information about how one can develop on these classes, so ensure that to remain tuned for that on the finish of the episode.

Like what you hear? Inform a buddy… and remember to go away us a score and a evaluate. Right here’s how.

Make this yr your Greatest Amazon Gross sales 12 months Ever! 

Save $50 with limited-time coupon code FBA50.

Think about figuring out precisely what to anticipate in your Amazon FBA enterprise each month of the yr.

Think about what it could really feel like figuring out you weren’t lacking out on any of the alternatives that can come your method this yr (and for years to return).

Think about working in your Amazon enterprise figuring out precisely what your priorities are, what you might want to keep away from, and what you might want to accomplish throughout every month to make progress towards making this yr your greatest gross sales yr ever.

Take motion now and get The Reseller’s Information to a 12 months in FBA: A Month by Month Information to a Worthwhile Amazon Enterprise. The package deal features a 220-page e book, coaching webinars all through 2023, and 4 particular bonuses.

Need to save $50? Use the limited-time coupon code FBA50 at checkout right this moment. This coupon code expires in solely:


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Episode 180 Transcript:

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[0:00:01.8] ANNOUNCER: Welcome to The Full-Time FBA Present. In every episode, it’s our aim that will help you flip part-time hours right into a full-time revenue, promoting nearly something on Amazon. Now, your hosts of the present, Stephen and Rebecca Smotherman.


[0:00:20] STEPHEN: Welcome to episode quantity 180 of The Full-Time FBA present. Immediately, we’re going to be speaking about, Methods to Earn 5 or Even Six Figures a Month on Amazon. To speak with me about that, and to assist clarify how we’re ready to do that, is my spouse Rebecca. What’s up, Rebecca?

[0:00:36] REBECCA: Not an entire lot. Trying ahead to entering into this matter. I’m all the time very intrigued to return to origin tales. I really feel like that is an origin story of an episode as folks will see once we get into it, nevertheless it’ll be good to cowl it.

[0:00:51] STEPHEN: Yeah. We’re no superheroes, however we’d wish to faux to be… dressing up on Halloween. Anyway, let’s get into this in The Full-Time FBA Present right this moment.


[0:01:03] REBECCA: For anyone who’s promoting on Amazon, or desirous about getting began promoting on Amazon, all of us begin off with some large goals of creating actually good cash whereas working from residence. Possibly you thought that Amazon was going to be the reply to paying off your money owed, or paying off a mortgage. Possibly you are attempting to avoid wasting for retirement, or you’ve some journey you need to do. Possibly you’re seeking to have the life of monetary independence. It could be that you simply’re listening to this, you’ve already arrived at some stage of any of these. I do know that we’ve achieved a sure stage of a few of these, not all of them, however we have now skilled that, and we love to speak about how we’ve finished that.

For these of you who haven’t but skilled the truth of creating 5 and even six figures monthly on Amazon by way of FBA, then this episode is for you, as a result of we’re going to get into how we grew our enterprise to the purpose it’s at right this moment financially. Stephen, there was a time when our Amazon enterprise was not making 5 figures monthly. Trying again now, that looks like so way back. It’s laborious to think about, we weren’t even making 5 figures a month on Amazon at one level, nevertheless it’s true, we weren’t. Now that’s simply unthinkable, however how did we get right here? How did we get thus far from that time?

[0:02:23] STEPHEN: Yeah. It was about 10 years or so in the past once I began getting actually annoyed with our Amazon enterprise. I used to be lacking alternatives, issues had been occurring, I felt like I used to be exhibiting up late to cash making alternatives. I felt like, I used to be getting left behind. I made a decision, I wasn’t going to let that occur once more. My answer was only a spiral pocket book, nothing fancy. I logged all the pieces for a yr within the spiral pocket book, each sale, each retailer closing announcement, so I might pivot my plans to supply as a lot as doable. I wrote each clearance push, all the pieces that I might consider, that may be good to know the next yr, as a result of most shops comply with a sample in terms of gross sales or clearance schedules. And if you recognize the sample, then you’ll be able to know what to anticipate and be the primary to reap the benefits of the arbitrage alternative.

Anyway, I logged all the pieces that I might consider, and the yr after that, I had a full pocket book. I used to be ready with all of that data. When the gross sales had been going to be, when the clearance markdowns had been going to be, I understood rather a lot higher how these shops reacted to get these gross sales and when the perfect alternatives had been to supply. I used that spiral pocket book, and I used to be capable of lastly expertise a number of five-figure months and our first six-figure yr. The yr after that, my income grew much more. Immediately we’ve grown to a spot the place we will maintain mid six-figure years on simply part-time hours.

[0:03:53] REBECCA: That looks like so way back to even be speaking about that. At this level, issues have grown a lot. We’re at a spot the place we maintain, and it’s simply wonderful to consider, and I like listening to how we bought to that time. There’s much more that’s concerned, however the spiral pocket book and the way you began taking notes, detailed notes, it truly is the planning and preparation of that complete yr that grew to become the launch pad for the place our enterprise went from that time ahead. Once you had been doing that, I imply, I’ve by no means really seen the precise pocket book. I’ve seen the typed-up notes and the issues that got here from that, and I’ve heard you discuss it.

[0:04:31] STEPHEN: It could be in a field in right here someplace. I believe it could be within the attic, however yeah, it’s round right here someplace. I most likely didn’t throw it away.

[0:04:38] REBECCA: I don’t suppose you’ll have thrown it away.

[0:04:39] STEPHEN: No, no, by no means.

[0:04:41] REBECCA: In that pocket book, although, again to the pocket book, was it simply stuffed with retailer gross sales and issues like that? As a result of like, that’s not what we do now. We don’t simply do clearance –

[0:04:51] STEPHEN: Proper.

[0:04:51] REBECCA: Sourcing, and that’s been the case for some time now. So like, what had been you doing apart from simply retailer gross sales schedules? That’s actually laborious to say. Retailer gross sales schedules in that pocket book.

[0:05:03] STEPHEN: Yeah. That was just the start, as a result of yeah, that’s largely what we did at the moment, specializing in clearance gross sales and issues like that, however greater than that, I wrote different issues down within the pocket book, as a result of I began to know the timing of the right way to get able to refill for a sure seasonal reseller cash making alternatives. I imply, take into consideration all of the completely different holidays and eager to be stocked up for reselling Valentine’s Day objects, or Mom’s Day, or Halloween, or the mom of all holidays Christmas.

Right here’s a fast little tip. For those who haven’t began sourcing for these holidays by the point you see these objects on the market in your native shops, you then’re too late. You should be method forward of the curve in terms of sourcing and being stocked up earlier than when that seasonal rush comes, you’ve loads of objects in inventory to your prospects. With my pocket book, I began creating schedules of when to start out sourcing for these holidays, set reminders on my cellphone and calendar to be sure that I used to be stocked up in time for every vacation gross sales rush. That method, I used to be not going to get left behind on making good cash on each the most important and minor holidays.

[0:06:02] REBECCA: I do know that the notes that got here from that pocket book have helped us maintain our Amazon enterprise, each organized and structured to be sure that we’re benefiting from nearly each reseller cash making alternative that may come our method all year long. However what I additionally like about it’s the way it helped us maximize our income on particular occasions of the yr like, Black Friday, Cyber Monday, Prime Day, which once we first began out, it was Prime Day, however now it’s extra every week and it could possibly be twice a yr, however with the data from that pocket book, we knew about these occasions developing, we could possibly be ready for these forms of issues too, and we’d be stocked up and able to make some actually good cash on these days when prospects are coming to Amazon.

It’s not nearly being ready by figuring out the right way to supply for sure occasions of the yr or figuring out when the schedules are for clearances, but in addition like, when are the massive occasions when Amazon goes to be the place that individuals are going to promote? So we will maintain tabs on the temper of consumers and ensuring that once they’re within the temper to purchase that we’re stocked up and we’re not lacking out. A giant facet impact of this was determining the right way to higher deal with This fall, which This fall is the final quarter of the yr, so it’s October, November, December.

Technically for an Amazon vendor, I believe January ought to be included as a part of This fall. Technically Q1, however you continue to see plenty of those self same numbers we do during the last nonetheless a few years since we began doing our yearly schedule in accordance with these notes. We’ve seen a January that’s as larger, larger than December. These results from This fall and the way we’ve been capable of handle This fall higher yearly have actually elevated our general annual gross sales and income. Lots of people get began promoting on Amazon, as a result of they’ve heard about that This fall bump in gross sales.

For those who’re doing the identical factor that you simply’ve been doing all through the remainder of the yr, you’re going to see that bump in income, however should you’re ready for This fall the way in which try to be, you’re going to see some actually wonderful enhance in This fall income. Simply each single yr our This fall and that features January are the best months that we see out of the yr by far exponentially larger, I don’t know, technically if it’s exponentially, however you get nearly a few of that little hockey stick sort curve going with our This fall, due to the way in which that we have now been capable of prioritize scheduling and conserving monitor of issues from these notes.

[0:08:30] STEPHEN: Yeah. Positively October, November, December, and January are our largest months and plenty of that got here from being prepared and being ready, due to what I took as notes in that pocket book. I imply, I went to Boy Scouts for a few years, I bear in mind the motto, it’s be ready and that’s helped me to actually comply with by way of. It could enable you to, too.

Speaking concerning the wonderful This fall income jogs my memory of one thing else. I spotted that due to my little spiral pocket book that nearly the other of This fall occurred through the summer season months, through the summer season gross sales simply actually appeared to decelerate. The longer I offered it Amazon, I began to understand that even had a reputation, the summer season slowdown. After I seen that this was occurring nearly each summer season, I investigated and I discovered options to the summer season slowdown and I discovered these options and carried out it into our Amazon enterprise. Now our summer season months are robust with nice income all through your entire summer season.

[0:09:24] REBECCA: We’re not nonetheless utilizing that very same pocket book. We don’t know the place it’s precisely, however we do have digital notes that you simply’ve transformed it over. What else do you’ve that we’re utilizing for our Amazon enterprise that got here from that unique pocket book?

[0:09:37] STEPHEN: Yeah. I undoubtedly made it digital. It made updating it yearly rather a lot simpler, as a result of occasions change, issues change, shops change. I used to jot down about Toys ‘R Us and now they’re not a factor. Now they’re changing into a factor once more, I don’t know. I made a decision that any Amazon vendor who needed to profit from this data, since I put it in digital, can have the chance to buy this info and use it for their very own Amazon enterprise. I put all that data that I’ve, what to do from January to December, right into a course known as The Reseller’s Information to A 12 months in FBA, a month-by-month information to a worthwhile Amazon enterprise. You’ll be able to test it out, fulltimefba.com/ayearinfba.

[0:10:16] REBECCA: Over time, this course has change into our primary all time best-selling course. Extra folks have bought this course, A 12 months in FBA course from us at Full-time FBA than some other factor, proper?

[0:10:28] STEPHEN: Sure, completely.

[0:10:29] REBECCA: Yeah, by far. We’ve got two large bulletins that we needed to share with you about A 12 months in FBA. The primary announcement is that you need to use the restricted time coupon code, FBA50, F-B-A-5-0 and also you’re going to avoid wasting $50 off the course of the course, from now till March twenty seventh, you’ll be able to enroll on this course. That’s going to incorporate any lifetime updates that we make of this digital yr in FBA free of charge. We replace the content material yearly. We’ll be passing that on to you yearly as we have now adjustments and updates to our personal enterprise and issues which are occurring within the Amazon world.

[0:11:04] STEPHEN: Yeah. The issues that we discovered, we put that into the digital copy of my spiral pocket book, A 12 months in FBA, and go that alongside to you. That’s announcement primary, the coupon code FBA50, a restricted time coupon code the place you will get the course for $50 off. Announcement quantity two is that this course is about to change into closed to the general public. From now till March twenty seventh, this shall be your final alternative to enroll in The Reseller’s Information to A 12 months in FBA, as a standalone course. Full-time FBA, we’re going by way of some adjustments right here with how we provide our programs and really quickly this course will not be obtainable to buy as a standalone product. So make sure you employ that coupon code FBA50 at fulltimefba.com/ayearinfba and lock in lifetime possession of this course on the lowest worth right this moment.

[0:11:56] REBECCA: We haven’t even talked about that together with the course, together with the written digital model of that unique pocket book that’s written out in an eBook now. Additionally, you will get month-to-month reside webinars by way of all of 2023. Every month, Stephen will stroll you thru in an interactive webinar, what you might want to be doing and avoiding to take advantage of income each month of the yr. These webinars are about an hour lengthy they usually embrace open Q&A time, which is a good alternative for you to have the ability to be reside on video with Stephen, asking your particular questions on promoting on FBA.

[0:12:31] STEPHEN: Yeah. You additionally get 24 months of our earlier yr in FBA month-to-month webinar replays. On the reside webinars and the replays, I additionally do some teaching, educating you particular reseller expertise that you might want to know with a view to take your Amazon enterprise to the following stage. Lastly, then that is my favourite a part of the course. For those who enroll earlier than March twenty seventh, 2023, you’ll get a free invitation to a personal A 12 months in FBA Fb group. This group has round 1,700 members who assist one another out with their Amazon companies. All year long, myself and a few of our group members will share coupon codes, retailer, sale bulletins, money again alternatives, retailer closing bulletins, anything that could be a possibility for us to earn a living, we’ll share it with each other.

[0:13:15] REBECCA: We additionally use that group as a spot to share Amazon bulletins and any updates about Amazon pointers or charge adjustments so that you simply’ll by no means miss out what’s occurring proper now within the reselling world of Amazon.

[0:13:26] STEPHEN: So taking the time to make this pocket book, spiral pocket book, actually helped me to lastly arrange and make a plan and get some construction to lastly be capable of have a sustainable five-figure months and six-figure years for Amazon enterprise. It’s been wonderful. There’s additionally extra bonuses. Yow will discover out extra about it fulltimefba.com/ayearinfba. We’ve bought like a printable 2023 calendar, your individual FBA digital pocket book starter package, so you’ll be able to log your individual experiences, issues like that. Once more, the coupon code FBA50 to get $50 off the course that’s about to be closed now. After March twenty seventh, it can not be obtainable. So make sure you go to fulltimefba.com/ayearinfba right this moment, use that coupon code save after which begin making that cash.

[0:14:18] REBECCA: Thanks a lot for becoming a member of us for an additional episode of The Full-Time FBA Present. As a reminder, you could find the present notes for this episode at fulltimefba.com/180, as a result of we’re on episode quantity 180. You’ll additionally discover the transcript of this episode and all the hyperlinks and coupon code that we listed right here, fulltimefba.com/180.

[0:14:39] STEPHEN: Subsequent week on the present, we’re going to be speaking about Coping with Counterfeit or Mental Property Claims on Amazon. It’s not enjoyable to occur, however you need to be sure to reply appropriately, so we’ll discuss that subsequent week on the present.


[0:14:54] ANNOUNCER: That’s all for this episode of The Full-Time FBA Present. Head over to fulltimefba.com/podcast, the place you’ll discover the present notes and hyperlinks from this episode. When you’re there, subscribe to our publication the place you’ll get a number of free downloads of our widespread and useful Amazon FBA assets. Now take motion on what you’ve discovered right this moment, so you could find success at turning part-time hours right into a full-time revenue with Amazon FBA.


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