Episode 304

MI Rewind: Building a Business on Amazon w/ Stephen Somers

Robert Leonard chats with Stephen Somers about how to build a successful online business. After quitting his soul-crushing job, he found a mentor and business partner and went on to generate millions of dollars in revenue via online marketplaces. Stephen is now a serial entrepreneur, CEO, and co-founder of Marketplace Superheroes, an 8-figure online education and services business that teaches people how to start and grow an online business selling simple branded products globally on Amazon.

The Intrinsic Value Podcast - The Investor’s Podcast Network

June 17, 202250m 20s

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Show Notes

IN THIS EPISODE, YOU’LL LEARN:

06:40 - Who benefits and doesn’t benefit from selling on Amazon?
10:01 - The first step to take if you want to be a seller on Amazon.
13:02 - What types of products should you avoid selling online?
15:40 - Unique strategies for finding high-profit, low-competition, “hidden-gem” products.
23:57 - Opportunities that exist when it comes to selling used products online.
31:38 - How to source products without any manufacturing or supply chain experience.
43:49 - What common misconceptions exist around being an Amazon seller.
46:56 - What the success rate for Amazon sellers is.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
Get a FREE audiobook from Audible.
The Shark’s book Shark Tank Jump Start Your Business.
Mike Michalowicz’s book Profit First.

SPONSORS

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Read this episode’s transcript and full show notes on our website.

Connect with Stephen: Website | Facebook | LinkedIn | Instagram

Connect with Robert: Website | Instagram | Twitter

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