#31 - Shawn Cannon: Leveraging Arbitrage to Get Into Amazon

Shawn Cannon and his partner Becky began selling on Amazon merely as an alternative income source and have been able to bring in a seven-figure turnover yearly. 

Key Takeaways

In this interview Shawn will teach you these valuable lessons:

• Arbitrage is one of the best ways to get into selling on Amazon for people with money
• Consider every listing as a doorway to get into Amazon
• Branding can greatly impact your Amazon sales turnover if done rightly
• Challenges will come when venturing into arbitrage but do not quit. 
• It’s advisable to have a thousand listings that sold one unit than one listing that sold a thousand.
• It’s okay to try out different products before settling for the one with the most skews and demand.
• Sticking to a brand is more rewarding than doing wholesale in the long run.
• When it comes to running a business, focus on two things—what you love and what you’re great at.
• Be willing to take blind leap of faith towards achieving your goals