Q4 is Here! Are you Ready?

If you sell physical goods then Q4 is the most thrilling adventure you’ll experience. It seems like anything that’s not nailed down will sell in the last quarter of the year.

Are you ready?

Here are just a few tips I wanted to share about being prepared for Q4:

  • Make sure you have plenty of supplies now – Packing Tape, Boxes, etc
  • I only buy items that I can make money on if they sold now. I’m not buying items hoping that they will be going up in value later.
  • Now is not the time to change your business model. Go with what you know, but don’t be afraid to scan items in categories you’re not completely familiar with. If you’re not selling toys, Q4 is the time to get into toys for sure.
  • Be on the lookout for anything seasonal – It seems like anything with the word “Pumpkin” in it sells and as we get closer to Thanksgiving and Christmas keep your eyes open for items that only come out during those holidays.
  • Get help with the processing, packing, and shipping – I’m sure there are plenty of people that live near you that would love to make some extra Christmas money.
  • Source Source Source – This needs to be the main focus
  • Refresh your Amazon Seller Central often to watch your sales – I’m sure the experts would say don’t waste too much of your time doing this, but it’s fun and it motivates me when I see the sales coming in.

Nuggets from the CES II Conference and Beyond Arbitrage

I’ve been quiet over the last several weeks. The main reason is I was working on a book called Beyond Arbitrage. I’ll touch on that in a minute, but I wanted to give you a nugget or two from Jim Cockrum’s CES Conference this past weekend.

Rabbi Daniel Lapin quoting from the book of Genesis said that it’s not good for man to be alone. In the context of your business this can mean several things, but one interpretation is: Don’t do this business by yourself.

I have talked about this before, but it’s so important. If you’re selling physical products online 90% of the general public (maybe more) don’t get what you do. That means that maybe even your closest friends and relatives have no idea what your business is about.

So what’s the solution? Community. That can be as simple as joining some Facebook groups like MySilentTeam or ScanPower, but in my opinion there’s nothing like being a part of a mastermind group where you get to know each other personally and help each other’s businesses grow.

The other piece of advice is: Take action on one thing right away.

Many times going to a conference or taking a course you may feel overwhelmed with good ideas and information to implement. Don’t try to implement every good idea all at once. Take one idea and work on that.

Beyond Arbitrage

John Bullard Sr and I just released our new book called Beyond Arbitrage.

If you’re ready to take your business to the next level then this book is for you.

We’ll teach you:

 

  •  Everything about wholesale inventory from how to find it and what you’ll need to buy it

  •  The exact process that John uses to prepare for a trade show

  •  Exactly what to say and not to say to a vendor at a trade show

  •  Other sources of wholesale inventory you might not expect

  •  How to outsource your inventory sourcing

  •  How to find inventory for 50-75% off wholesale!!

  •  How wholesale sourcing can open up doors of inventory and incredible opportunities including but not limited to closeoutsexclusives, and private label opportunities

For more information and/or to get your copy of Beyond Arbitrage go to - BeyondArbitrage.com

My Email to a Frustrated Seller

I received an email from a fellow seller that is feeling a bit frustrated with his business. We’ve all been there so I thought that some of my comments to him might encourage others as well.  Here they are:   Don’t give up. There is so much inventory out there that it’s not worth dealing [...]

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Don’t Ever Give Up!

I know there are times in your business when sales are slow or it seems like finding good inventory is difficult and you question whether you should continue. Those are the times when you have to remember why you’re doing this business. If you don’t have a “why” get a “why”. There will be challenges, [...]

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Wholesale Help for International Sellers

I have been getting a lot of questions from sellers outside the US about how to purchase wholesale products and have them sent to Amazon.com. As you probably know, wholesalers require a sales tax permit and that can only be acquired if you have a business in the US. After some research, I found a [...]

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MM8 Conference Recap

“Awesome” “Next Level” “Life Changing” These are some of the words the attendees used to describe the MM8 Conference that me and my mastermind buddies hosted this past week in Dallas. We are truly deeply humbled to hear that kind of feedback. Two of them told us that they could have gone home after lunch [...]

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Multiple Streams Continued and Expanding Internationally

Have you ever just stared at your computer not really knowing what to do in regard to your internet marketing business? How do you know where to start? There seem to be so many opportunities that you can become paralyzed by analyzing every possible business model. I certainly have been in this position. In my [...]

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Multiple Streams of Income and An Online Sourcing Opportunity

I know you have heard the term “multiple streams of income”. In the internet marketing world some possible streams are: A physical product business such as selling on Amazon and eBay  Helping offline businesses get their business online  Coaching other online sellers  Writing and selling an e-book on a subject you’re knowledgeable about  Setting yourself [...]

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Do you prefer the Stairs or the Elevator?

(For a replay of our 16 minute Spreecast from New York City announcing our exciting news please click here – http://www.spreecast.com/events/live-from-new-york-city) I just returned late last night from New York City where I had the opportunity to attend the Coffee Fest Trade Show with 3 of my fellow mastermind members. I firmly believe that one [...]

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There Is Gold in your backyard and CES Conference Videos – Half off until tomorrow 2/24

There Is Gold in your backyard  I had the tremendous opportunity to speak at a small internet marketing conference in Denver this past week. My wife was able to come with me and we took some time to sightsee. We were doing some shopping and walked into a small shop that specializes in antique maps [...]

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