MI Rewind: Building a Business on Amazon w/ Stephen Somers

IN THIS EPISODE, YOU’LL LEARN: 06:40 - Who benefits and doesn’t benefit from selling on Amazon? 10:01 - The first step to take if you want to be a seller on Amazon. 13:02 - What types of products should you avoid selling online? 15:40 - Unique strategies for finding high-profit, low-competition, “hidden-gem” products. 23:57 - Opportunities that exist when it comes to selling used products online. 31:38 - How to source products without any manufacturing or supply chain experience. 43:49 - What common misconceptions exist around being an Amazon seller. 46:56 - What the success rate for Amazon sellers is. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Get a FREE audiobook from Audible. The Shark’s book Shark Tank Jump Start Your Business. Mike Michalowicz’s book Profit First. SPONSORS Support our free podcast by supporting our sponsors: Toyota Airbnb DeleteMe Yahoo! Finance Fundrise Public NetSuite NerdWallet Read this episode’s transcript and full show notes on our website. Connect with Stephen: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | Instagram | Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm