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BiggerPockets Business Podcast

83: Build Your 7 Figure Amazon Business Step-by-Step With Mike Begg

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8696 Ratings

🗓️ 24 November 2020

⏱️ 66 minutes

🧾️ Download transcript

Summary

Did you know that over 200,000 entrepreneurs currently sell over $100K per year on Amazon? Sales continue to skyrocket with no indication of slowing down anytime soon… and this week, our guest is here to help you get in on the action! Mike Begg -- co-founder of AMZ Advisers -- started a side-hustle business selling on Amazon with three buddies while they all worked corporate jobs. Making mistakes and learning lessons the hard way in the early days, the team never gave up, continuing to learn and tweak their business model until they achieved massive success on the platform. Fast forward five years and tens of millions of dollars in sales, Mike and the team now run their business from the sandy white beaches of sunny Mexico, also helping other business owners generate over $1M in sales each while carving out their piece of the Amazon pie. Mike lays out a step-by-step roadmap for identifying product needs on the platform, sourcing inventory, and building a stellar brand that speaks to buyers and generates sales. He talks about the right way to work with vendors overseas, achieving the right mix of pricing and volume, and determining when it makes sense to create additional sales funnels across multiple channels. And most importantly, he reminds us that anyone-- with focus, dedication and a bit of expert assistance-- has the opportunity to generate significant additional streams of income online. Make sure you listen all the way to the end, when Mike gives us some excellent resources to learn more, right NOW. Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the Show BiggerPockets Deloitte Sears Real Estate Helium 10 Fiverr 99designs Alibaba Amazon's Early Reviewer Program Upwork Shopify Scott Voelker's Podcast AMZ Advisers Blog Jungle Scout Check the full show notes here: https://www.biggerpockets.com/bizshow83  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello Blue Skies. Hello moving onwards and upwards. Hello, taking control of your money. Say hello to tax-free investing. Open a Stocks and Shares ICER and act by the 5th of April to get 100 to 3,000 pounds cashback. Cargreaves lands down. Hello Life. Register and add or transfer £10,000 plus. You may go Lansdowne. Hello Life.

0:23.8

Register and add or transfer £10,000 plus.

0:25.4

You may get back less than you invest.

0:26.5

And tax benefits vary.

0:28.6

For terms and conditions, see hl.co.uk. UK, 4. slash ISA.

0:30.8

This episode is brought to you by Vanty.

0:33.6

Stressing over cyber security.

0:35.3

Whether you're a startup, growing fast, or already established.

0:38.6

Vanta can help you get ISO-27,001 certified and more.

0:43.6

Plus, it allows your company to centralize security workflows,

0:47.6

complete questionnaires up to five times faster,

0:50.2

and proactively manage vendor risk to help your team stay compliant.

0:54.3

Head to vanta.com slash Spotify to learn more.

0:58.7

So, you want to be a marketer.

1:01.5

It's easy.

1:02.7

You just have to score a ton of leads and figure out a way to turn them all into customers.

1:06.6

Plus manage a dozen channels, write a million blogs and launch 100 campaigns all at once.

1:11.2

When that's done, simply make your socials go viral and bring in record profits.

1:15.4

No sweat.

1:16.9

Okay, fine.

1:17.8

It's a lot of sweat.

1:19.1

But with HubSpot's AI-powered marketing tools, launching benchmark-breaking campaigns is easier than ever.

...

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