Reselling, Crypto, & Passive Income – What’s Working Now?On episode 68 of the Side Hustle Experiment Podcast, John (https://www.instagram.com/sidehustleexperiment/) and Drew (https://www.instagram.com/realdrewd/) dive deep with Seth (https://www.instagram.com/checkmate_flips/) a successful 7-figure Amazon seller who has transitioned into real estate and is exploring new avenues like Walmart selling.The conversation dives into the nuances of crypto trading, risk management, and the challenges faced by Amazon sellers today. They discuss the perceived risks of selling on Amazon, the importance of understanding market dynamics, and the potential for success in e-commerce ventures.Seth shares his experiences and insights on navigating these challenges while maintaining a profitable business model. In this conversation, the speakers delve into the challenges and strategies of running low-margin businesses, emphasizing the importance of understanding cash flow and inventory management. They discuss practical starting points for new entrepreneurs, such as selling items on Facebook Marketplace, and explore the potential of transitioning to real estate as a more lucrative opportunity.Chapters00:00 Introduction and Riffing on Podcasting03:03 Drew's Crypto Journey and Trading Strategies09:00 Transitioning from Amazon to Real Estate11:59 Amazon Selling Strategies and Success14:48 Exploring Walmart as a New Selling Platform17:53 The Risks of Selling on Amazon23:48 The Future of Selling on Amazon35:13 Navigating Low Margin Businesses41:43 Reselling Strategies: Finding Profitable Items46:45 Understanding Inventory and Cash Flow52:54 The Mental Game of Reselling and Business56:32 Building Systems for Success01:00:20 Long-Term Goals and Financial Aspirations01:10:04 Understanding the Value of Flipping Houses01:17:47 Navigating the Auction Process01:29:33 Challenges and Risks in Real Estate Investment01:39:20 Understanding Seller Situations in Real Estate01:45:09 Navigating Micro and Macro Challenges in Business01:53:04 Strategies for Successful Trading02:01:05 The Psychology of Risk and Wealth Building#amazonfba #amazonfbatips #sidehustleexperimentpodcast Follow us on Instagram: https://www.instagram.com/sidehustleexperimentpodcast/ Listen on your favorite podcast platformYoutube: https://bit.ly/3HHklFOSpotify: https://spoti.fi/48RRKcPApple: https://apple.co/4bmaFOk Check out Drew's StuffInstagram: https://www.instagram.com/realdrewdTwitter: https://twitter.com/DrewFBACheck out John's StuffInstagram: https://www.instagram.com/sidehustleexperiment/Twitter: https://twitter.com/SideHustleExp FREE Resources✅ AVOID Price Tanking with The Tank Test Check List https://bit.ly/44FMt6M✅ 10 Questions to Ask A Prep Center Before Hiring Them: https://bit.ly/3K3HQK4 ✅ How to Make your first $500 Reselling: https://bit.ly/3UJS47g✅ Get the Discount Calculator: https://bit.ly/4dEhaNN ✅ The OA Tracking Spreadsheet: https://bit.ly/4bfqupO (the spreadsheet I use to run my Amazon Business)🛠️The tools I use to run my Amazon Business with Special Discounts🛠️ https://bit.ly/4bhibd3
