Today I’ve got an invincible king on the show, Dan Meadors. Dan and his business partner Eric Lambert started selling on Amazon in 2011 using a credit card with a $600 limit and in a short time, sold 12+ Million. He goes through exactly how to sell wholesale.

In this podcast you'll learn:

* How to sell on Amazon

* How to sell wholesale on Amazon

* How to scale your Amazon business

* How to buy product

* How to decide what products to buy

* How to hire employees as you build your business

* How to operate your business strategically and make decisions

* How to know which products source well on Amazon and which ones do not

* How to move from retail arbitrage to a wholesale business

* When to get a warehouse

* How to choose a business partner

* How Dan sold 12 million in wholesale products over the past 4 years.

* What not say to new vendors

* What is the criteria for the perfect wholesale product

* Has brand gating affected affected your ability to sell wholesale

* What is the criteria for the perfect wholesale product?

And much more!

 

David Aladdin: Great to have you on the show Dan?

Dan Meadors:  Hey, It is fantastic and I have been mostly watching this show all time?

David Aladdin: Can you tell us in the beginning before your first million when it all start?

Dan Meadors:  Well we started out with doing with doing retail arbitrage at the airport, both employed with awesome job actually and we one of our buddies had he was well over six figures and he came and he gave his two weeks’ notice and we just started bugging him like what is going on? Like why are you leaving because in Kentucky six figures salaries is really high salary and he was like no man, he was just like making more money at home selling stuff on Amazon and I was like Are you serious? I said what is this so he took us out to Walmart to show us well what was what he did and this was retail arbitrage and we were doing retail arbitrage at that point and we got over $600  a credit card, actually it was a personal credit card when I was like, it was really strange because I got paid pretty well and I don’t had to have but I didn’t have any credit like I never needed credit for anything like you know I just bought everything I want so when I first got my credit card it was $600 limit and I was like I guess we would see how this work. So we went out and we bought some cool stuff and then we sold it on Amazon and you know it scared us at how fast it sold. We were like well this is really cool. So we went out and we did it again and again and again and about the end of the year. . . that December we had done about  $60,000 in sales all from the magical 600 bucks and we decided that hey we if we imagine if we did this full time how much money we can actually do so then we decided to go full time in January 2012

David Aladdin: So, when you guys first started were you guys working at the same place? What were you guys doing?

Dan Meadors:  We were working in the internet retail company that sold off it’s website, it sold toys and games like that. . .

David Aladdin: Like similar ecommerce business and then you guys transitioned into your own myth

Dan Meadors:  Yeah it was definitely similar and but it was different because that was a really established website and like any manufacturers they wanted their products to be on that website like so they would go you know we got to approach when I was there we got to approach a lot about caring people’s products and as an Amazon seller we don’t get approached very often like hey man when you sell my product on Amazon like there is half of it and it’s more like you reaching out to them and it’s ju...