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Jimmy Smith's Wisdom! SECRETS to Making MILLIONS Through Amazon Arbitrage!
Manage episode 385480250 series 3510678
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Jimmy Smith, an experienced Amazon seller and mentor, discusses the importance of calculated risk-taking and the value of being a team player in business. He emphasizes the benefits of starting with arbitrage as a low-risk opportunity to learn the ins and outs of selling on Amazon.
Jimmy also addresses the changing landscape of Amazon, with more brands selling directly on the platform, and suggests that sellers focus on regional and niche products to find opportunities. He encourages sellers to know themselves and their motivations and to set actionable goals to achieve success.
Topics & Timestamps:
0:00:07 Introduction to the podcast and the connection between sports and business
0:01:40 Introduction to Jimmy Smith, an Amazon seller and entrepreneur
0:04:21 The importance of getting started with Arbitrage
0:07:45 The mixed feelings about encouraging people to try new ventures
0:08:16 Common reasons for failure in Arbitrage
0:09:07 The importance of dedication, persistence, and community
0:11:20 The value of community and learning from others
0:11:48 The benefits of sharing struggles and receiving help from a community
0:12:41 Importance of community and support in business success
0:13:19 Business is more of a science than an art
0:14:57 The pressure of comparing oneself to others on social media
0:15:55 The value of having someone to talk to about struggles
0:17:29 Brands selling directly on Amazon affecting arbitrage and resellers
0:18:28 Opportunities in regional and niche products
0:19:36 Using arbitrage as a foundation to learn and pivot
0:22:02 Taking skills and knowledge from arbitrage to other business models
0:23:31 New sellers have valuable knowledge to offer brands
0:25:07 Reflecting on growth and not getting distracted by other opportunities
0:26:12 Importance of focusing on one thing at a time
0:27:07 Knowing yourself and finding the right support system
0:28:20 Surrounding yourself with encouraging communities
0:29:23 Focusing on leading goals and taking action
0:31:03 Wrapping up the conversation
0:31:17 Thanking the guest
0:31:31 Closing remarks and appreciation for the podcast
Connect with our guests:
Website: askjimmysmith.com
Youtube: youtube.com/@AskJimmySmith
Linkedin: https://www.linkedin.com/in/jimmysmith1/
Facebook: @askjimmysmith
Instagram: @askjimmysmith
Twitter: @askjimmysmith
Connect with our host:
Ian on LinkedIn: https://www.linkedin.com/in/iankaneshiro/
Ian on Instagram: https://www.instagram.com/iankaneshiro_
Stay connected with Seller Snap:
Website: https://www.sellersnap.io/
LinkedIn - https://www.linkedin.com/company/seller-snap-inc./
Instagram - https://www.instagram.com/sellersnap.io/
Facebook- https://www.facebook.com/sellersnap.io/
Full video episodes are always uploaded on YouTube.
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Not Another eComm Podcast By Seller Snap- helping sellers optimize their Amazon store through smart algorithmic repricing.
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