Cash Flow Analysis for Amazon Sellers

There are specific formulas to use in order to complete a proper cash flow analysis for Amazon sellers. Businesses can free up operating cash flow using the techniques Charity DeVries shares in this finance strategy training video, including computing your inventory turnover ratio.  Sellers will learn terms such as operating cash flow, inventory turnover ratio, days-in-inventory, year-end inventory, and inventory in-transit. Charity also shares her tips for quickly turning over inventory and negotiating with suppliers.

Charity also shares the success she has had—gaining “invaluable connections”—from attending SellerCon. SellerCon is a conference for Amazon sellers that provides up to date, relevant ecommerce strategies to help sellers grow their businesses.

Index:
Operating Cash Flow
Inventory Turnover Ratio
Days-in-Inventory
Use Supplier Invoices to Find Inventory Turnover Rate
Tips for Quick Inventory Turnover
Supplier Negotiation Advice and Other Tips from Charity
Free Up Cashflow In Your Amazon Business Video Transcript
What is SellerCon?
SellerCon Invitation
SellerCon Review

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How to Start an Amazon Business

Angie Chacon learned how to start an Amazon business through the online training course Amazing Selling Machine. Jason Katzenback (Co-founder of Amazing.com) interviews Angie as she describes her rags-to-riches story of going from a single mother, barely able to support her kids, to the owner of a large, successful business.

In this video, Angie shares her Amazon FBA success story, business mindset, mistakes she made launching her first product (and how she remedied it with restudying the ASM course), thoughts on the Amazing Selling Machine training, how she expanded her Amazon business, business tools she leverages, and how she utilizes Amazon FBA.

Contents:
Amazon FBA Success Story
How to Choose a Product to Sell on Amazon
Amazing Selling Machine Review
“Single Mom Builds Amazon Empire” Video Transcript

Amazon FBA Success Story

A friend recommended the Amazing Selling Machine (ASM), she took the course, and in six months she was selling $60,000 a month. By the end of the year, she was up to 100k per month, and then 200k a few months later. After two more years, she was selling 500k per month. She now has 1 brand and sells 40 different products in 7 different countries with Amazon.

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Just in Case You Missed It

Have you visited the membership lately?

Right now, it’s the best place to learn how to sell on Amazon, and there’s a lot going on!

You’re trying to start an online business. So, we started by adding several brand-new courses, then went quite a bit further…

Course Comments  

Whether you’re looking to find the right products, or need something more along the lines of selling on Amazon for beginners, you’ll be far more successful with the right support. Now, you can ask questions directly on the lesson pages, and our instructors will answer them in the same place: 

This means that you don’t have to pause your progress—get the answers you need, and keep moving your business forward.

Instructor Bio

Want to know more about an instructor? Visit their bio page:  

Here, you can find out more about our instructors, why they are the experts in their fields, and which badges they have earned. Make informed decisions about who you’re learning from, and find out about their other courses—you may find exactly what you need to take your business to the next level!

Course Recommendations and Customizable Playlists

With over 200 courses in the Amazing.com membership, it may not be easy to know where to start. That’s why we created the course recommendation survey.

Tell us your main area of focus, your time commitment, and your expected investment, and we’ll tell you which courses will get you to your goal.

Or, take a more individualized approach—browse the membership for courses that spark your interest, then click “Add to Saved Courses” to build your own custom watchlist! When you log in, you’ll be taken to just those courses, so you can stay on your track to success.

Profile and Badges

Getting to know your fellow entrepreneurs goes a long way to ensuring your own success—being part of a community of like-minded people allows you to find others who have made similar commitments to their own growth, and gives you the space to offer encouragement, support, and advice to each other.

Let people know who you are by filling out your profile, and displaying your badges. As you make progress through the Amazing.com membership, you earn badges for various tasks, from setting up your profile, to watching courses, to asking questions, and becoming involved in the community. The more involved you become, the more badges you earn!

We could go on, but you probably want to see all this for yourself.

Click here to log in to the Amazing.com membership, and check out all of these brand-new features! Your new life is waiting for you—start being amazing today.

 

How to Make Money Selling on Amazon

Eric Toohey learned how to make money selling on Amazon through Amazing.com’s Amazing Selling Machine (ASM) course. Here he shares his success story while also providing advice on choosing products to sell that follow specific size and weight guidelines (to keep FBA fees down), trademarking your brand to combat brand hijackers, as well as leveraging the ASM community and mentors to help solve business problems as they arise.

Contents:
Building an Amazon Business
Combating Amazon Brand Hijackers
Amazon Product Selection Criteria
More on Toohey’s Journey

From Home Inspector to Million Dollar Amazon Seller Video Transcript

Building an Amazon Business

Mike McClary and Eric Toohey came together on Facebook live to share Eric’s journey from unsatisfied home remodeler to a million dollar seller on Amazon. After taking the Amazing Selling Machine course, he and his wife, Sadie, began their business in June of 2014 by selling one product. Within three weeks, Eric quit his job to focus on their Amazon business fulltime. They now sell 21 products through their brand on Amazon.

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How to Sell on Amazon for Beginners

Amazing.com provides training on how to sell on Amazon for beginners. Danna Belo got her start selling physical products on Amazon through Amazing.com’s internet based course called Amazing Selling Machine (ASM). ASM is an Amazon seller training program that shows sellers the step by step process of how to start an Amazon business, from the ground up.

Having no prior experience, after 5 months of starting her business Danna had already generated $130k in sales. In this video, Danna reveals business management tools she uses (like Google sheets, Google docs, WhatsApp, and other ASM recommended apps), struggles she went through after launching, and tips on choosing high quality products to get better customer reviews. She also gives viewers a valuable tip on creating a Facebook event with an audience of just past customers.

Index:
Work From Anywhere With The Right Business Management Tools
Amazon Seller Training
How to Advertise Amazon Products 

Good Product Quality for Better Customer Reviews 
$130k in First Holiday Season Selling on Amazon Video Transcript

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