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World renowned e-commerce expert Joshua Crisp shares his journey from $7.25 to 7 figures with Amazon FBA. Topics include: importance of a consistent workout routine, creating a truly passive business with Amazon using the ASAP framework, and the key to business success is taking action and not giving up.
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Quick takeaways
- Consistency and dedication in workouts are more important than any skill.
- To create a passive business on Amazon, follow the ASAP framework: Autonomous, Sustainable, Action, and Perpetuity.
Deep dives
The Basics of Amazon FBA
Amazon FBA is a program where entrepreneurs partner with Amazon to handle the logistics of picking, packing, storing, and shipping products. This program benefits both consumers, who are Prime members and can enjoy guaranteed two-day free shipping, and sellers, who can leverage Amazon's vast customer base and marketing capabilities. Private label is a preferred approach in FBA, as it offers more flexibility and potential for sustainable profits compared to wholesale or arbitrage methods. Private label allows sellers to create their own branded products, offering intellectual property and the possibility of high evaluations when selling the business.
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Listen to the best highlights from the podcasts you love and dive into the full episode