Lessons Learned In Business

How I Cut My Sourcing Costs Up To 50%

How I Cut Sourcing Costs Up To 50%

The age old rule of thumb is “Buy Low, Sell High”.  In order for that to work properly, you need to come up with a fool proof way of always buying low.  Depending on how you source items, there are many ways to do this.  Over the next five posts, I’m going to share the ways I knock down my sourcing costs by up to 50%.  I can guarantee using just one of the methods I will be sharing in this series will increase your margin so high your eyeballs will pop. Read More

The Tools and Supplies I Recommend for Fulfillment by Amazon (FBA)

Amazon FBA Tools and Supplies

When starting out selling on Amazon, there are many tools and supplies you’ll need.  There is so much out there, how do you know what you REALLY need?  Since I’ve been sending things to Fulfilled by Amazon (FBA) since 2009, I have found certain things are must haves for sending shipments to Amazon.  There are also some tools and supplies that will make shipping amazon packages immensely simpler.  When starting out, a lot of people really want to take the profits out right away.  If you are serious about your Amazon business, investing in tools to increase your productivity should be very high on your list of priorities.

Read More

Where Did It Go Wrong?

Warehouse-is-Closing

As I sit back and watch workers tearing down warehouse shelving that was bought only a year ago, I think to myself “where did it go wrong?”

Only a year ago, we were a prospering company coming off the heels of a $3.5 million sales fiscal year with a ranking in the INC 5000 list as the 722nd fastest growing company in the U.S.  Employees were busily working putting together that same shelving in a nice fresh 25,000 square foot warehouse.  On Friday mornings, employees would walk into work with the fresh smell of pancakes.  It was Flapjack Friday of course – and it allowed me to get to know my employees better as I slaved over the griddle.  There were plans to build our company into a driving force on Amazon, eBay, Rakuten, and on Google.  Life was good.

“Where did it go wrong?”

Read More