QUOTES: “I eventually found this Amazon FBA model which made just so much sense to me because I could see the value of the tangible products, I didn’t need to build trust with the customer, I didn’t need to do anything but create a better widget and present it to the customer base and they would react with hopefully, sales.” “At the beginning stages of your journey, I highly recommend spending 3-4 hours a day, as much as you can , listening to as many different podcasts, youtube or if you’re able to buy a course for whatever it can cost you because saving time in the long run will save you a lot of money.” “If you want to expand a business, it really really takes a lot of cash and so you need to be very cognizant of what your goals are if you’re going into a product.” “I’m looking for at least 100% ROI, the reason for that is if you go under a 100% ROI, it means that in order to double your inventory, you need to add more capital and so that’s not a great thing.” “My mindset is always find the best products on the market that currently exist and read the reviews, see what people really really want and find a way to add to that value.” ————— SUMMARY In this episode of Actualize Freedom podcast, Danny goes live in Canggu, Bali with Eric Dahl. Eric has built a multimillion Amazon business that is built off the opposite of what the industry ‘gurus’ preach. Erik expounds on the market that he went after, the pitfalls and hurdles involved in pursuing this business. He shares some advice on how to start one’s business journey as well as valuable tips on cost saving, product sourcing and handling, and other nuances that should be considered in running the business. ————— HIGHLIGHTS 1:16 Eric’s background and how he ended up in Bali 3:33 Examples of Eric’s decisions that go against the grain 11:10 Eric talks about his market pricing and product research 16:53 Eric shares some approaches on how he runs his business 19:22 Shipping 23:08 Strategy recommendations for anyone starting out ————— RESOURCES Actualize Freedom 1 40 Shownotes.txt Displaying Actualize Freedom 1 40 Shownotes.txt.
Successful Amazon entrepreneur Nate Ginsberg details how he built his business from the ground up. He covers a wide scope of pertinent subjects ranging from vetting employees, marketing, finance management, logistics, the psychological aspect of building and running a business and the importance of enjoying what you do. 2:10: Nate’s first Amazon business. 4:17: The influential effects of being around other Amazon sellers. 6:46: What prompted Nate to sell his business? 14:18: How did Nate decide on the next step? 20:51: The process of identifying Nate’s unique ability. 26:01: Hiring and inspiring the right team. 32:27: Practical and/or subtle things Nate does to foster inspiration in employees. 44:10: Incorporating the correct systems and structures into the business’ foundation. 47:10: Where to find Nate online.
We’re shaking things up a bit! Instead of having a single specific focus, we’re taking a walk through the multi-faceted business history of Mario Milanovic. Let Mario share the vast knowledge he has accumulated along the way and motivate you to not only be your best, but to lead the life you want to lead! 1:24: Why did Mario decide to stay in Belgrade, Serbia? 7:40: How does mindset change and meditation shape business approach? 9:11: How Mario’s wares placed #1 and #2 for kitchen products on Amazon. 12:53: Mario’s Amazon Vendor Central experience. 15:05: What is Mario’s current primary focus in business? 19:09: How long did it take for Mario to create a very unique product in the food industry? 20:48: The story of Mario’s affiliate marketing business. 26:29: Mario’s level of satisfaction with his business endeavors, then and now. 27:51: The effects on ego from the ups and downs of running businesses. 31:29: The importance of mindfulness in business. 35:04: The caveats of working with large amounts of outsourced employees. 37:47: How Mario chooses which opportunities to pursue. 45:58: Where can you reach out to and follow Mario online?
Come get a brain pick with Messenger marketing guru Michelle Smith! Delve into expert planning and strategy, gain foreknowledge of pitfalls to avoid and get a head start on turning your prospects into conversions in this info-rich episode! 3:16: How to properly build a messenger list 9:21: How Michelle sets up her infrastructure 11:31: Strategy for Amazon sellers 14:51: Typical timeframe to start seeing results 17:48: How long is the recommended nurture period? 28:38: What is the best way to utilize Messenger marketing to increase Amazon reviews? 39:31: Info about Michelle’s webinar 40:59: How to find Michelle online
Outsourcing specialist Jake Barefoot details the opportunities, obstacles, tips and best practices of hiring abroad: particularly in the Philippines. The experience Jake shares in this episode is sure to help you vet auspicious remote working relationships! 1:33 – How Jake came to be an expert in Filipino/overseas outsourcing 5:04 – What are the current roles of Jake’s employees in Cebu? 6:19 – Cost savings from outsourcing work to the Philippines 8:31 – The challenges/caveats of having overseas employees 13:25 – The vetting process for overseas employees 18:00 – Mistakes Jake made while hiring overseas 21:10 – The importance of communication with and by employees 26:03 – Advice for hiring abroad 30:18 – Where to find Jake online