Creating a $10 Million a Year Amazon Business in 3 Years with Dan and Eric
EPISODE OVERVIEW
Creating a $10 Million a Year Amazon Business in 3 Years with Dan and Eric
Dan and Eric sell around $10M per year on Amazon after just three years in business. On this episode, Kevin gets an update on their business, and discusses his own progress after deciding to expand into wholesale six months ago.
From Poker Balls to Amazon
Dan Meadors and Eric Lambert used to work together in a company selling poker balls and magic cards. It wasn't an easy way to make a living, but they loved their job. They were well compensated and were also placed in the major part of the company.
Eventually, however, they discovered the seemingly limitless possibilities at Amazon. As they said, the opportunity was so big to refuse. Since then, they have sold a total of over $13 million.
Pursuing Success
2016 was an amazing year, when Dan and Eric's wholesale business gained about $7 million. They've been extremely happy in training others as well.
They may have missed some goals in the previous year, but they're still onto achieving more success. This 2017, they aim to reach at least $10 million in sales.
Getting into Wholesale
Dan and Eric started with retail arbitrage on Amazon. It was a good way to earn, but they saw it required a lot of their time. Consequently, they looked for a more convenient business model that would allow them to make money passively.
That's when they went into wholesaling. In this business model, they approach brands directly for them to sell their products on Amazon. The products may not be exclusively available from them, but they earned enough to reach millions.
To hear about the wholesale business model on Amazon, download and listen to Creating a $10 Million a Year Amazon Business in 3 Years with Dan and Eric.
If you are short on time, here are the highlights of Creating a $10 Million a Year Amazon Business in 3 Years with Dan and Eric:
Meet Dan Meadors and Eric Lambert (2:03)
Life before Amazon (4:04)
Dan and Eric's goals for 2017 (8:58)
Why choose wholesale (13:04)
Reasons for a company to invest on wholesale (21:00)
Who can do wholesale on Amazon (24:45)
Significance of a warehouse (28:43)
Kevin's wholesale progress (38:18)
The most successful (43:00)
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