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How to Use Mental Models to Think Like a 7-Figure Amazon Seller Part 2 | Clear the Shelf Podcast

Clear the Shelf with Chris & Chris

NOTE

Harnessing the Power of Leverage in Amazon Selling

Leverage is a crucial mental model that allows small efforts to generate significant outcomes when applied correctly in an Amazon business. Utilizing tools, software, and outsourced labor can amplify efforts, enabling faster and more efficient scaling. For instance, automated repricing tools can operate continuously for a minimal cost, eliminating the need for manual efforts. Outsourcing product preparation to prep centers can also save time and potentially increase profitability. Additionally, leveraging external capital can facilitate growth by allowing sellers to invest without relying solely on personal savings. However, caution is necessary when utilizing leverage, particularly with borrowed funds, as mishandling these can lead to negative financial consequences. The effective and strategic use of leverage can transform business operations, making it an essential consideration for sellers.

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