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Episode Info: Beau Crabill is an Amazon Seller & educator in the Amazon space. He got started off on eBay at the age of 12 selling customized socks online. At age 15 he started with Amazon. Got suspended on amazon for doing business models that were allowed on eBay but not on Amazon. Went to Pepperdine for 5 days, left, and fast forward 7 months hit $1,000,000 in his business. Remotrepreneur’s Insights Spend Time Wisely – People spend a big portion of their day not being aware that what they’re investing is not getting their ROI. That’s why it’s important to even spend less time on things that are going to bring value. Give Yourself Time – Test what you’re doing to see if it’s worth pursuing. Give yourself a long period of time even a year if you have to. Self-reflect – Take some to realize what your long-term goals are. Running and building a business can be easier if you have goals to aspire to. Key Podcast Milestones 03:48 – What inspired Beau to become an entrepreneur 06:02 – Beau’s first attempt at business 11:00 – Beau’s advice on keep on hustling even if you don’t get instant gratification 13:30 – What to do if your business model doesn’t work 15:45 – Is Beau a ‘one-man show’? 20:00 – When it’s the right time to outsource 25:00 – Dropshipping vs. Amazon? 26:20 – Beau’s best Amazon strategy 30:39 – Ways to sell on Amazon 35:32 – How to win the Amazon Buy Box 37:57 – How will COVID-19 change the Amazon business Top Key Quotes “If you look at people who are trying to start a business, everyone has 24h in a day but how much of those hours are wasted towards stuff that is not making you more money or getting to your goals?” “I think people spend a lot of time thinking about themselves, what Is their long-term goal or the impact they are trying to make. Before starting it or before pursuing a lot of action, try to pick apart and see what could go wrong, not in a negative way but try to prove yourself that you’re not the smartest person in the room.” “Give yourself a set period of time. Don’t let it be a month, give yourself six months or a year. Put your entire full focus on something you’re going to work on. If you come across problems, try to figure out is it because you’re not taking a lot of action because you’re not being smart enough or is it because you’re in the wrong business model.” “People that are trying to run a business for a year, five or six years, I know a lot of people in network marketing for several years and are not making any money. I think a lot about self-reflection and at night I think about what are my long-term goals, what am I going to do tomorrow, what am I going to do next month or next four or five years. Give yourself enough time to think about long-term goals. If what you’re doing right now doesn’t fit for that long-term then you may need to reevaluate what you’re doing.” “I actually don’t create my own brand on Amazon, I don.....
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