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From $7.25 to 7 Figures With Amazon FBA with Joshua Crisp

Joshua Crisp is a world renowned expert in the e-commerce industry, recognized as one of the leading authorities in the field. His deep understanding of the e-commerce landscape, combined with his extensive experience in real estate, uniquely positions him to guide and mentor aspiring entrepreneurs towards financial success.

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Guest Resources

Joshua’s YouTube –  Check out Joshua on YouTube!

Joshua’s Instagram – Follow Joshua on Instagram.

3 Value Bombs

1) A consistent and dedicated workout trumps any skill.

2) To create a truly passive business on Amazon, follow the ASAP framework: Autonomous, Sustainable, Action, and Perpetuity.

3) The key to success in any business is to take action and not give up.

Sponsors

HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!

Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!

ZipRecruiter: The most effective way to find the best people for your roles! Try ZipRecruiter for free before you commit at ZipRecruiter.com/fire.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: From $7.25 to 7 Figures With Amazon FBA with Joshua Crisp

[1:36] – Joshua shares something he believes about becoming successful that most people disagree with.

  • A consistent and dedicated workout trumps any skill.

[2:10] – What is Amazon FBA?

  • Amazon FBA is a partnership with Amazon where they handle everything from picking, packing, storing, and shipping products for sellers.
  • On the consumer side, Amazon Prime members enjoy fast and free shipping.
  • As a seller, you benefit from Amazon’s logistics and access to a broad customer base.

[3:19] – What is “private label”, and how is that different from other FBA methods, such as wholesale or arbitrage?

  • There are three main strategies for selling physical products: private label, wholesale, and arbitrage. With wholesale, you distribute well-known brands at a discount. With arbitrage, you buy products on sale and sell them at retail.
  • Private label involves creating your own brand and selling unique products.
  • The pros of arbitrage are low startup costs, but it’s not sustainable due to fluctuating sales. Wholesale doesn’t require product creation, but it faces stiff competition from big distributors.
  • Private label offers more control and intellectual property, making them the preferred choice for long-term success and higher business valuations.

[7:07] – Joshua gives one or two examples of private labels

  • He launched a successful bath bomb set that generated over a million dollars.
  • He used data-driven research to find the right product, focusing on what consumers love and hate.
  • He solved a common problem by offering various variations, releasing new ones each month.
  • He used both organic and paid traffic through Amazon’s PPC system.
  • Additionally, he partnered with influencers to promote his product on social media and blogs.

[13:09] – A timeout to thank our sponsors!

  • HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
  • ZipRecruiter: The most effective way to find the best people for your roles! Try ZipRecruiter for free before you commit at ZipRecruiter.com/fire.
  • Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!

[16:22] – Is automating a business and generating passive income realistic?

  • To create a truly passive business on Amazon, follow the ASAP framework: Autonomous, Sustainable, Action, and Perpetuity.
  • Start by finding one winning product that fits your niche.
  • As you add successful products, hire more VAs to work in shifts, giving you 24/7 coverage.

[20:31] – Joshua shares the single biggest mistake he sees others make

  • The key to success in any business is to take action and not give up.
  • Failure is a natural part of the journey, but learning from mistakes and moving forward is essential.
  • Success comes from perseverance and continuous learning.

[22:24] – Joshua’s call to action.

[23:53] – Thank you to our Sponsors!

  • HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
  • Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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