How to Scale You Amazon FBA Business to $900,000 Working Part Time Hours ep 10

Episode 10: John (https://www.instagram.com/sidehustleexperiment/) and Drew (https://www.instagram.com/drewfba/) talk with Rick who has done $900,000 in sale on Amazon FBA part-time.

Rick shares his approach to sourcing and pricing, focusing on wide inventory selection and flexible pricing strategies. He emphasizes the importance of tracking numbers and financials to make informed business decisions. The conversation covers topics such as reconciling invoices and ASINs, analyzing financial numbers, using Kohl's cash, exit plans and scaling

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00:00:00: Introduction and Background
06:02 : Transition from Stocks to Amazon
14:04: Margin Squeeze in the Amazon Business
19:09: Amazon as an Investment Vehicle
20:24: Rick's Amazon Business and Approach
24:15: Going Wide vs. Going Deep on Amazon FBA
28:29: Importance of ROI and Pricing Strategy
33:28: Factors that Contributed to Amazon Business Growth
40:10:  Using Kohl's Cash
46:43: Sourcing Tips and Budgeting Time
01:13:10: Number One Tip for Beginners
01:16:57: Valuable Lessons from Amazon 

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

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