How to Build a Seven Figure Amazon Business WITHOUT Using Credit with Checkmate Flips .. ep 37

John (https://www.instagram.com/sidehustleexperiment/) and Drew (https://www.instagram.com/realdrewd) talk with Seth aka https://www.youtube.com/ @CheckmateFlips  

Discover the strategies and challenges of transitioning from eBay to Amazon, managing IP claims, handling returns, and maximizing inventory.

Checkmate Flips shares insights on maintaining a business mindset, tracking expenses, and the importance of proof of concept. Learn about the financial aspects of reselling, avoiding low-margin businesses, and thriving during pandemic 

#amazonfba #amazonfbatips #sidehustleexperimentpodcast 

Follow us on Instagram: https://www.instagram.com/sidehustleexperimentpodcast/ 

Chapters

00:00 Introduction and Background
06:37 Navigating IP Claims and Account Health
12:14 High ASPs and Inventory Management
18:08 Scaling Down Credit and Running on Cash
23:26 Assessing Personal Aptitude and Goals
37:06 Online Arbitrage and AIP
42:26 The Challenges of Content Creation and Monetization
59:39 Understanding the Financial Aspects of a Reselling Business
01:03:18 Dealing with Returns and Liquidating Inventory
01:19:35 Starting with eBay or Facebook Marketplace
01:23:13 The Importance of High ROI and Avoiding Low-Margin Businesses
01:35:06 The Importance of Proof of Concept in Reselling
01:45:39 The Freedom and Flexibility of Reselling

Listen on your favorite podcast platform
Youtube: https://bit.ly/3HHklFO
Spotify: https://spoti.fi/48RRKcP
Apple: https://apple.co/4bmaFOk 

Check out Drew's Stuff
Instagram: https://www.instagram.com/realdrewd
Twitter: https://twitter.com/DrewFBA

Check out John's Stuff
Instagram: https://www.instagram.com/sidehustleexperiment/
Twitter: https://twitter.com/SideHustleExp 

FREE Resources
✅ AVOID Price Tanking with The Tank Test Check List https://bit.ly/44FMt6M
✅ 10 Questions to Ask A Prep Center Before Hiring Them: https://bit.ly/3K3HQK4 
✅ How to Make your first $500 Reselling: https://bit.ly/3UJS47g
✅ Get the Discount Calculator: https://bit.ly/4dEhaNN  
✅ The OA Tracking Spreadsheet: https://bit.ly/4bfqupO (the spreadsheet I use to run my Amazon Business)

🛠️The tools I use to run my Amazon Business with Special Discounts🛠️ 
https://bit.ly/4bhibd3

If you’re serious about scaling your Amazon Business check out Advanced Arbitrage Tactics: https://www.skool.com/advancedarbitragetactics/about 

Inside The group You’ll get access to 
✅ Bi-weekly group calls
✅ The ability to ask me any questions you want
✅ An Online Arbitrage Crash Course
✅Methods to Avoid Price Tanking
✅The EXACT Spreadsheet I use to Track everything in my business
✅A community of seller who want to take their business to the next level