#405 - Getting Rich on Amazon in 2024: There’s More To The Story with Robb Green

AM/PM Podcast

What happens when you bring together some of the brightest minds in business to share their secrets to success? Join us as we reconnect with Robb Green, a veteran Amazon FBA seller who has exited three businesses and now leads a vibrant mastermind group. We journey back to our 2016 weekly mastermind meetings and trace how these gatherings have shaped our entrepreneurial paths, highlighting the invaluable role of community and networking in our e-commerce ventures. Robb reveals the magic behind his current mastermind, which convenes in stunning locations like Hawaii, and underscores the power of collective insight in navigating the complexities of industries like e-commerce.

Have you ever wondered how the most effective mastermind groups operate? We dissect the essential elements that foster a productive mastermind culture, from ensuring members are both contributors and learners to maintaining a structured approach in presenting business challenges. Discover how diverse methodologies, such as curated expert panels, can provide targeted solutions and drive business growth, creating a collaborative environment akin to having your own board of directors.

Curious about the real journey behind building successful e-commerce brands? We share candid stories from Kevin and Robb’s journey into Amazon-selling, starting in mid-2015, and the lessons learned from both our triumphs and setbacks. Our conversation spans the strategic intricacies of managing cash flow, understanding unit economics, and leveraging platforms like TikTok to boost visibility and sales. We also delve into the transformative role of AI, exploring how custom GPTs can revolutionize business operations and why staying ahead of tech advancements is crucial for long-term success. Tune in for a rich tapestry of insights that can propel your e-commerce business to new heights!

In episode 405 of the AM/PM Podcast, Kevin and Robb discuss:

• 01:24 - Masterminds and Networking
• 08:09 - Evolving Mastermind Value and Structure
• 12:41 - Innovative Networking Event With Top Influencers
• 13:28 - Lessons in Building E-Commerce Brands
• 17:47 - Product Category Influence on Pricing
• 21:51 - Narrow Focus in E-Commerce Strategy
• 28:11 - Cash Conversion Cycle in Amazon Business Operations
• 32:01 - Forecasting Returns and Profitability on Amazon
• 36:52 - Future of AI in Business
• 44:16 - E-Commerce Seller Trends and Updates
• 44:26 - Leveraging TikTok for E-Commerce Success
• 49:50 - TikTok Shop's Impact on E-Commerce
• 52:35 - Business Owners and Case Studies
• 55:29 - Kevin King's Words Of Wisdom