Welcome To Episode #150 of the Amazon FBA Private Label Show Podcast!
In this episode I chat with Micah Fraim where we share business tax saving tips to help Amazon sellers run a more profitable business.
Listen to this Amazon FBA Podcast!
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Tax Tips For Amazon FBA Sellers - EP150
The topic of taxes, accounting and bookkeeping always seems to scare the majority of Amazon and e-commerce sellers. It's something that we always put off investing time and energy into so that's why I wanted to have CPA Micah Fraim on the show to help answer our common questions and concerns as sellers. Check out this episode to learn some important tips and strategies so you can run a more profitable business.
Micah put together a free case study to show you how he can help you increase profits and cut your taxes.
>>>>Grab the case study here<<<<
3 IMPORTANT TAKEAWAYS
- ORGANIZATION - Make sure you start organizing your finances, expenses and records as soon as possible. Oftentimes sellers don't spend any time or energy doing this and later regret it. You can use software like Zero or A2X to help run and organize your business.
- LLC - Start an LLC as soon as possible as it's simple to set up and it will make running your business easier in the long run.
- S-Corp - Once you start making good money in your business you may want to consider setting you business up as an S-Corp to save you money on taxes and increase profits.
CONNECT WITH MICAH FRAIM
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RESOURCES MENTIONED IN THIS EPISODE:
Chase Ink Business Preferred – If you are running a business then you need a business credit card. I have been using this card ever since I started my online business and I have racked of hundreds of thousands of reward points with it. I have literally used these points to pay for trips all over the world. I can’t even remember when the last time I paid out of pocket for a trip.
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Tax Tips For Amazon FBA Sellers - EP150
Welcome To Episode #149 of the Amazon FBA Private Label Show Podcast!
In this episode I talk with Kara Atchison where we discuss tips for sourcing the most searched product in the world right now.
Listen to this Amazon FBA Podcast!
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Tips For Sourcing and Selling The World’s Most In Demand Product EP149
There is immense demand around the world right now for face masks. For months many governments, businesses, schools, hospitals and individuals have been trying to get their hands on N95/KN95 masks to protect themselves from the Coronavirus. In my opinion the demand for face masks is not going to suddenly go away. I think masks will be the new normal for many people around the world and there is still plenty of room an opportunity for sellers and entrepreneurs to enter this space. Currently face masks are the number one searched item on all of Amazon. If you want to jump into this market there are things that you should know and understand about selling face masks. If you fail to understand the basics then you may end up with counterfeit product which could end up costing you money.
If you can innovate and differentiate in this space then there is lots of opportunity for you. Many people are complaining that wearing masks isn't comfortable. Could you design a masks that fits better or has a slightly better design? Also I see masks becoming a fashion statement. Could you design a mask that looks cooler than the standard white version you often see?
Check out this podcast where Kara Atchison joins to show to discuss what you need to know about proper sourcing of masks.
CONNECT WITH KARA ATCHISON
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RESOURCES MENTIONED IN THIS EPISODE:
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If you felt you got any value out of this podcast, then please support me with an iTunes review. It's simple to do! Just click here to head to iTunes and leave an honest rating and review of the podcast. Every review helps!
Tips For Sourcing and Selling The World’s Most In Demand Product EP149
Welcome To Episode #148 of the Amazon FBA Private Label Show Podcast!
In this episode I chat with Marvin Lee a successful 7 figure Amazon seller who quit his 9-5 job to start an Amazon FBA business.
Listen to this Amazon FBA Podcast!
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How To Escape The Rat Race And Start a 7 Figure Amazon FBA Business
Check out this episode to hear how Marvin Lee quit his job as a nurse to start a successful 7 figure Amazon FBA business. Marvin wanted more from life and saw the awesome power of e-commerce and Amazon. Inside this episode Marvin will share his story as well as what he has learned over the years to help him become a successful Amazon FBA seller. His success did not come overnight as he encountered failures and obstacles along the way. Marvin will tell you what it takes you to be a successful Amazon seller and he will also share some tips around launching products, listing optimization and pay per click.
CONNECT WITH MARVIN LEE
As mentioned on the podcast Marvin was featured in Ryan Daniel Moran's new book "12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur"
GRAB YOUR COPY TODAY
Not a member of the Facebook Mastermind group yet?
WANT ACCESS TO A FREE AMAZON TRAINING COURSE?
RESOURCES MENTIONED IN THIS EPISODE:
Helium 10 – A full suite of insanely powerful keyword tools designed to help you dominate Amazon and your competition. Find hot keywords to maximize sales, spy on your competition and so much more. Try it out and see how you like it.
—> USE THIS LINK TO RECEIVE AND EXCLUSIVE LISTENER DISCOUNT
Pxlfy.me – This is a great tool for Amazon sellers if you want to quickly create custom links for your Amazon product listings. Use it to easily create Canonical, 2 Step, Review and Supreme links. This tool will help you rank easier for keywords. I have recently used this link creator with great success when running traffic from Facebook and my own email list.
USE CODE PLSHOW15 for 15% OFF DISCOUNT
ManyChat – This is the number one chat bot platform for Facebook Messenger marketing. You can use Many Chat to help you build audiences to help you launch products and get reviews. When you have a ManyChat audience you have a powerful asset that you can keep using to help you build and grow your business. Messenger open rates are typically over 80% compared to about 20% for e-mail.
SUBSCRIBE TO THE SHOW!
I NEED YOUR HELP!
If you felt you got any value out of this podcast, then please support me with an iTunes review. It's simple to do! Just click here to head to iTunes and leave an honest rating and review of the podcast. Every review helps!
How To Escape The Rat Race And Start a 7 Figure Amazon FBA Business