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This Episode, #15, deals with a big area: Planning for your Amazon FBA business. It’s not as sexy a topic as some, but it’s a must if you want to develop momentum and hit big, exciting goals.
**STOP PRESS** REVIEWS CONTEST!
The first 25 people to review the show on iTunes will be entered into a draw. The winner will receive a £50 Amazon Voucher from Amazing FBA!
Head over to iTunes now and leave your review! If you haven’t already, you can also subscribe through iTunes to get all the info you need to start your own successful Amazon business!
CONTEST EXTENDED to the end of November or 1st 25 reviews, whichever comes first !
SHOW NOTES FOR EPISODE #15
See below Shownotes for Your Free downloadable Excel spreadsheet for Quarterly planning!
- Overview
- Targets (money in) & Resources (money out)
- Approach/Mindset
- “Planning is indispensable; Plans are worthless”
- TARGETS/ Needs
- Financial
- sales targets -$/units/mo
- gross profit
- net profit
- free cashflow
- Exit strategy?
- timeframe
- value/money
- marketplace?
- time
- time to x sales/month
- time available (hours/week/month)
- contacts/prospects/customers (if any yet)
- existing lists (if any yet)
- JVs (joint ventures – if you have industry contacts)
- Products
- Amazon Top Level category?
- no. products
- no units sold (inventory)
- skills areas to develop
- business building!
- mindset
- skills
- business structure (blueprint)
- planning
- product research
- sourcing
- marketing Channels
- Amazon PPC
- Email list building
- Lead Pages
- aWeber
- inserts
- FB marketing?
- Social media
- FB
- Youtube
- marketing calendar – depending on your market…
- Halloween
- Thanksgiving
- Christmas
- Mother’s day
- Father’s day
- Valentine’s day
- 4 July
- customer service
- financial planning
- business building!
- Financial
- professsionals/outsourcing
- photographer
- designer
- sourcing agent
- book-keeper/accountant
- Social media/blog VA
- customer service?
- mentors/peers
Your Free downloadable Excel spreadsheet for Quarterly planning! This is roughly the process I use but it is something of a first draft, so let me know how you would like this improved.
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Watch Future Planning
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Hi Michael
Thank you for a great podcast
Lots of new ideas and things we need to look out for which we wouldn’t necessarily have thought about
Specially about needing to keep 30% of money for ordering new inventory
Keep up the good work
Hi Anila,
Thank you! Glad it’s helpful. Yes, greatly increased sales implies greatly increased inventory cash needed. Kind of obvious when you think about it- but I haven’t seen any gurus mention this awkward fact!
Keep listening!
Best wishes
Michael
hi Michael, just wondered how you found a sourcing agent outside of alibaba?
thanks for the podcasts, so helpful,
Ruth