Jun 1, 2020
When you think about wholesaling on Amazon, do you immediately think about how it’s unaffordable and financially overwhelming? You’re not alone. We all have limiting beliefs about money. Whether it’s “I can’t afford it!” or “I don’t have enough money,” it impacts our lives and the decisions we make for our businesses. But while the struggle is certainly real, whatever thoughts are preventing you from taking that leap into wholesaling, the great news is that you have the power to change your money mindset and take control of growing your online business and success.
In this episode, I debunk the myths that prevent Amazon sellers from wholesaling and dispel the money mindsets blocks that prevent us from investing in our businesses and ourselves. I share some of my childhood experiences and how it shaped my attitude towards money and illustrate how our money mindsets affect our decisions on life and money. I explain why you can afford to wholesale on Amazon and describe how it can earn you more money than doing retail arbitrage. I also discuss how you can overcome the challenges of selling single unit items on Amazon when you go wholesaling as well as reveal how you can find wholesale vendors and connect with them.
“Wholesaling and bundling are the keys to growth on Amazon.” - Kristin Ostrander
This week on the Amazon Files:
- Why I hate the words “I can’t afford it.”
- Thoughts and beliefs that limit us from growing our businesses and ourselves
- How negative money mindsets affect how we make decisions in life and business
- The relationship between our childhood upbringing and our attitude towards money
- What it means to ‘flip the script’ on our limiting beliefs and money mindsets
- What changed my fears about investing in my online business and education
- Debunking the myths of wholesaling and flipping the script on limiting beliefs in wholesaling
- Why people are scared of trying out wholesaling on Amazon
- The profit difference between retail arbitrage and wholesaling
- Where to find wholesale vendors and how to connect with them
- The challenges of selling single unit items on online platforms like Amazon
- How bundling and wholesaling can help you overcome the competition on Amazon and earn more profit
Related Content:
- Wholesale Vendor List
- Wholesale Bundle System
- Ask Me Anything Webinar Registration
- Dream Big, Step Small by Kristin Ostrander
Grow Your Amazon Business!
Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with Amazon expert and your host, Kristin Ostrander. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Use the codeword #300OrLess to join us on Facebook. Each week, Kristin hosts a live discussion on how to grow your Amazon business. Don’t forget to check out our website and subscribe to our mailing list for even more resources.