I want to tell you some of the key things that have helped me to
Speaker:achieve $50 million in sales. The number one thing
Speaker:is why would you buy an existing Amazon FBA business?
Speaker:You're going to fast track your wealth creation. Did
Speaker:you know if you take your product and you take it to another country, the reviews follow?
Speaker:Are you serious? I even spoke to someone yesterday and he's like, Matt, I didn't
Speaker:know that. Why is that so powerful? It's because how do I even find
Speaker:a product? There are some hacks on how to do that. A
Speaker:lot of people don't know about this. First thing would be... I'm
Speaker:Matthew Fraser and this is Amazon Ecom
Speaker:Secrets. I'll be sharing with you the secrets that helped me go from
Speaker:millions in debt to an eight-figure entrepreneur. If
Speaker:you're ready to escape the nine-to-five and live life on your terms,
Speaker:let me show you the way. Hey guys, welcome to this episode of
Speaker:Amazon Ecom Secrets. My name is Matthew Fraser, and
Speaker:I thought I'd do something really different today, and
Speaker:that is to do the episode from the road. If
Speaker:you've been tuning into this, to
Speaker:my channel for a little bit, you'll know that I
Speaker:freaking love cars. So what a perfect
Speaker:synergy. We can do the Amazon e-comm secrets and
Speaker:drive the cars at the same time. Because one of the things
Speaker:about being an entrepreneur and having a business and and
Speaker:basically just being busy, as I don't get as
Speaker:much time to drive the cars as I would love. Now, in case you
Speaker:want to know, the car that we're in right now is my
Speaker:latest acquisition, and I purchased this car
Speaker:about seven months ago. It's a Mercedes-Benz C63S.
Speaker:which is a V8 twin-turbo, rear-wheel drive, 21 model,
Speaker:weapon of mass destruction. This thing is
Speaker:insane. I have always wanted this, and I guess the
Speaker:reason why this car really is probably so
Speaker:special is I used to have a picture on my
Speaker:whiteboard I printed the picture out, put it on the whiteboard, and
Speaker:it was during the time that I was selling off all of
Speaker:the stuff I had in the house when I was going through really, really
Speaker:tough financial difficulty with the restaurant. Things
Speaker:were just imploding around me, and I was selling everything on eBay that
Speaker:wasn't nailed down in the house. And I just
Speaker:remember thinking, that's my dream car there,
Speaker:the C63 S. And I thought,
Speaker:one day I'm going to get that car. One day I'm going to
Speaker:get that car. So all the things I was selling, It
Speaker:became irrelevant, but it was a means to an end. It was a means to
Speaker:an end to build up some cash flow, to help pay some bills. At
Speaker:the same time, I was also spending money
Speaker:on building the Amazon business, buying stock, trademarks,
Speaker:just a range of different things associated with that. Getting coaching, that
Speaker:was a big one. I spent money that I didn't have, right?
Speaker:Which was in the vicinity of $20,000 to $30,000 on Amazon training.
Speaker:So during a period where I didn't have any money, I actually put that on credit
Speaker:card and sold some stuff around the house. So this
Speaker:car now just makes it, I think, a little bit
Speaker:sweeter knowing that it was on the whiteboard, it was a dream, and
Speaker:now that I've done nearly, I think I've just crossed over roughly
Speaker:$50 million in sales across Amazon, Shopify,
Speaker:eBay, and a range of other things across the world, to now
Speaker:be able to go out and buy this car, And
Speaker:it sounds freaking amazing too. This V8's nuts. But guys, I don't
Speaker:want to rape about car collections all day. I want to tell you some of the
Speaker:key things that have helped me to achieve $50 million
Speaker:in sales. If you're someone who's watching
Speaker:this video and you're thinking, You know, you're struggling to
Speaker:make ends meet. You're probably, you know, your electricity bills, the mortgage
Speaker:payments are through the roof, rent's through the roof. And you're just trying to think,
Speaker:how can I pivot to bring in more money? I've been exactly
Speaker:in that position. I was struggling financially. And
Speaker:so the number one thing, you're going to be like, Matt, what
Speaker:is it? What is the number one thing? And it's not a
Speaker:magic pill. But what I can tell you is
Speaker:that the changing point for me that sent me on the
Speaker:trajectory to $50 million was
Speaker:getting mentoring, getting training, spending money
Speaker:on myself. Up until that point, I
Speaker:had no idea really what I was doing. So
Speaker:by tapping into someone who's ahead of you in the
Speaker:space that you want to go in, now it could be Cryptocurrency,
Speaker:it could be share trading, it could be property. In
Speaker:my case, it was getting a business like
Speaker:Amazon where I could just put a product into
Speaker:the USA at the time. And Amazon basically
Speaker:took care of the rest. They sold the product to the customer, they
Speaker:delivered it to the customer, and I just got money in return. And
Speaker:I thought, wow, what an incredible business model. This is nuts.
Speaker:Because before that, and I still have this restaurant business now, actually, things
Speaker:came good again over time. But the restaurant business, You
Speaker:know, you've got, obviously, it's bricks and mortar. It's got minimal
Speaker:margins. You've got a bucket load of
Speaker:fixed costs, including staff. And
Speaker:it's brutal. It's brutal out there. So I hear what you're saying. So that's
Speaker:the reason why I loved the Amazon business model was
Speaker:because of those reasons of the automation. And I can really
Speaker:sell to anyone across the world. And I can sit in my
Speaker:comfy home in Terranora now and
Speaker:just watch the money tick in. In fact, on my phone,
Speaker:which I've got an app on there, and daily I can check the
Speaker:sales. So if you're thinking about going to Amazon, do
Speaker:it, but the key is to get training from
Speaker:those who have gone ahead. Now on that note, yes, I do offer
Speaker:training to people. There's really two
Speaker:tiers in case you want to know. One is, I
Speaker:want you to see as a beginner, are you going to be
Speaker:ready for this journey? And so what I provide in my community
Speaker:is you can come in there for literally 49 US dollars
Speaker:a month, so it's basically free. There's a
Speaker:bunch of information about how I was able to achieve the sales I've got,
Speaker:but really, I want you to take action, okay? I don't want you to just read through all
Speaker:the documents, right? I want you to take action, and I've got this mini
Speaker:course in this called the Amazon Launchpad mini course, where you
Speaker:can launch on Amazon within five hours. Right,
Speaker:totally insane. And the reason why that's so powerful is because it's going
Speaker:to cost you probably under $10 to do it, and
Speaker:you're going to get a taste, as in when I say $10 to do it, literally
Speaker:$10 to launch a product on Amazon, so
Speaker:that you can really see Is this
Speaker:the thing for me? Because I'm not saying that Amazon's everything, right?
Speaker:As I said before, cryptocurrency, share trading, property, whatever. There's
Speaker:many different ways to make money. I'm just going to share the way I've
Speaker:made my money, right? And I want you to
Speaker:experience that though without having to spend thousands
Speaker:and thousands and thousands of dollars on either mentoring or
Speaker:training or anything. Okay? Once you've had
Speaker:a taste, you can then make up your own mind. Hey, is
Speaker:this something that I want to do? And if it is, fantastic.
Speaker:And if it's not, then you can just walk away and it's cost you basically probably
Speaker:less than $100 in total. Okay? Which
Speaker:is a very, very small price to pay to figure out if this is what you want to do. And
Speaker:then, so, the second thing that I also provide is for those people
Speaker:who are inventors, who are already selling on Amazon, brand
Speaker:owners, manufacturers who have product, they
Speaker:can come to me and I can either do two things. I
Speaker:can train them on how to take their product to the next level.
Speaker:That might be, for example, they're already in the USA and they wanna take
Speaker:global. I've done exactly that. Okay, so I can teach
Speaker:them how to do that. That would come under a mentorship program, one-on-one training.
Speaker:and the other pathway would be particularly for inventors or
Speaker:brand owners who perhaps do not want to do it
Speaker:themselves, I can do it for them, right? I do it
Speaker:in a kind of like a partnership type of arrangement and there's many
Speaker:ways of seeing that cat. So my community offers a
Speaker:variety of things for people at different stages. So
Speaker:what's the next thing I'm going to say is another
Speaker:bit of advice that I would give. One thing is, you
Speaker:have to take action. There's so many people
Speaker:that I know that are what I call serial
Speaker:seminar people, serial training program people.
Speaker:And all they do is go from seminar to conference
Speaker:to training program to buy this, buy that, learn
Speaker:how to do Facebook ads, learn how to do TikTok ads, learn how to do Amazon,
Speaker:learn how to do eBay, learn how to do property. but they never actually
Speaker:pull the trigger and do something, okay? And
Speaker:that's why if I go back to my program, I can get you live within
Speaker:five hours with literally like 10 bucks, okay?
Speaker:And you get a taste of it, right? And at least then you would actually have taken some
Speaker:action in that space,
Speaker:right? So I'm gonna give you a bit. And you know what I also hate is
Speaker:people who sit in the right-hand lane on
Speaker:the freaking highway. So guys, that's why it's so important that you take
Speaker:the action because then you're going to get the experience. Experience brings
Speaker:knowledge and knowledge brings power because then you
Speaker:can make other decisions, yeah? I just want to give you just
Speaker:a quick example of something. One of my clients right
Speaker:now has actually launched his very first product, sold
Speaker:through 100 units, okay? And on
Speaker:Amazon. He's launched his first product on Amazon. But I've
Speaker:said to him, look, just because you've done this doesn't mean
Speaker:that we're married to Amazon. I don't care what you guys do, right? Amazon
Speaker:is just a tool to make money, yeah? But his
Speaker:next step, because he's done this, the next opportunity for
Speaker:him is that he can go and buy an
Speaker:existing Amazon business. And you're gonna say, Matt, why
Speaker:would you buy an existing Amazon FBA
Speaker:business? And the reason is, you're
Speaker:going to fast track your wealth
Speaker:creation. That's basically it. Now, let me explain it.
Speaker:If you start a product today, it's going to take time to
Speaker:build up the reviews, to build the sales, to
Speaker:optimise the listing, to just
Speaker:dial in everything, okay? Might be as
Speaker:you increase your MOQ, you can increase your margins, right? This all
Speaker:just takes time, yeah? It doesn't happen overnight.
Speaker:Now, How can you make it happen overnight?
Speaker:You basically can fast forward. So pretend it's 5 years
Speaker:or 10 years down the track and you've got your product and
Speaker:it's fully optimized. It's got 6,000 reviews.
Speaker:Now you're doing, let's say you're doing half a million dollars a month in
Speaker:revenue. You've
Speaker:just truncated the time, because that's ultimately what
Speaker:can happen for you if you start now and into the future. But
Speaker:what you can do is get rid of all that time, we're just gonna go skip that part, and
Speaker:we're gonna buy an established business that's already trading, already
Speaker:making profit, already has all the reviews,
Speaker:the listing's optimized, and that's how you can straight
Speaker:away start making profit. And that might be a way
Speaker:for you to get out of the
Speaker:day job that you're in, right? And people don't even know about this
Speaker:stuff. And that's why, if you're listening to this, hopefully
Speaker:your mind is just thinking, holy shit, I
Speaker:could actually just, now however you get the money, I'm gonna
Speaker:get to that in a second, but you could go and buy an
Speaker:established Amazon FBA business, and
Speaker:FBA means Fulfilled by Amazon, which means they stock the product for you
Speaker:and then they ship it for you, right? You can go and do that today,
Speaker:Let's say your profit is $50,000 a month. That's it. You can now live off $50,000 a month profit. That
Speaker:is the short version of that's how it could work for you, right? And you can get out of the
Speaker:9 to 5 matrix job that you're in and start living life
Speaker:on your own terms. So now, I've just given you the little nugget of
Speaker:how you can leave the matrix. But let me take it
Speaker:one step further, and this is exactly the same advice that
Speaker:I gave my paying client yesterday, okay?
Speaker:So this is free for you today. And the trick
Speaker:is that let's say you buy an established Amazon business. Now,
Speaker:most of these businesses are based or operating
Speaker:in the USA. And in case you don't know, people
Speaker:who live in the USA think that the world revolves around
Speaker:the USA. Okay? That's just a matter of fact, right? And
Speaker:so therefore, what they do is they don't take advantage of the opportunities that
Speaker:are outside of the USA. So generally speaking, you
Speaker:come across this business for sale, it's only operating in the USA, the
Speaker:very first thing that you could do to increase sales and
Speaker:profit is to open up that same Amazon product,
Speaker:as in launch it, into the UK, launch
Speaker:it into Australia, launch it into Canada, launching
Speaker:into Mexico, there is a pathway of what I would suggest in
Speaker:order to maximize the expansion of your
Speaker:product and your business. And that's something that I offer within my training. But
Speaker:that is just one little tip of
Speaker:how you could take it, let's say, from doing a million dollars a year to
Speaker:then take it to do, even if in the UK it just did
Speaker:half a million dollars a year, and in Australia it did half a million dollars a year, there's
Speaker:another million dollars a year, right? You've just doubled the
Speaker:revenue, and hopefully doubled the profit, right? Because
Speaker:now once you're buying more stock for these other territories, you're gonna go
Speaker:back to the manufacturer, what are you gonna say? Hey, I'm gonna buy
Speaker:more stock from you, I'd like to get a better deal on the stock
Speaker:price. Yeah? And that alone could
Speaker:maybe increase your profit by 5% to 10%. Right? That's
Speaker:powerful stuff. Now, I'm going to tell you one thing too. Now,
Speaker:for those of you who are not on Amazon yet, it probably will go straight over
Speaker:your head. But if you're someone who's already on Amazon and
Speaker:you haven't expanded to other territories, this is going to be gold. Did
Speaker:you know, if you take your product and you take it to another country, The
Speaker:reviews follow. Now, if you're on Amazon, your
Speaker:mind's blowing up right now. If you didn't know that, you're like, what the, are you serious?
Speaker:The reviews follow from USA to other territories. Okay,
Speaker:because I even spoke to someone yesterday, telling him
Speaker:this same information. He's like, Matt, I didn't know that. I
Speaker:thought if I launched in another territory, the same product,
Speaker:that the reviews had to start from zero again. I'm like, no dude.
Speaker:That is not the case. You get to carry over the
Speaker:reviews. Now, why is that so powerful? It's because reviews
Speaker:equal money, okay? The more reviews you
Speaker:have, the more sales you do. Do the experiment yourself.
Speaker:Go on to, oh, you probably won't know, but if you're someone
Speaker:who's selling on Amazon already and you've got some sales tools, like Zonguru,
Speaker:where you can go deep into the listings and see how much revenue
Speaker:and how many reviews they've got, Do that exercise right
Speaker:now. Go on, find some products that have got high
Speaker:reviews and see how much revenue they're doing. Compared to other products
Speaker:in that same category, you'll find that they sell far
Speaker:more. And I'm talking sometimes it could be the difference of half
Speaker:a million dollars a month compared to someone doing $20,000 a
Speaker:month. Because the one doing half a million may have three,
Speaker:four, five, 6,000 more reviews. Reviews
Speaker:equals trust for the customer. And that's why people
Speaker:default to the one with the highest amount of reviews, right? Because keep
Speaker:in mind, they can't walk into the store and pick it up and touch it. They can
Speaker:only rely on looking at the Amazon listing. Powerful
Speaker:stuff. And now you can see just some of the opportunities that
Speaker:are there to grow your portfolio of
Speaker:territories around the world. I haven't even talked about going to eBay or
Speaker:Shopify, right? I'm just talking about just Amazon. You can
Speaker:become a multi-multi-millionaire just on Amazon alone. So
Speaker:that is powerful, powerful stuff and a strategy that
Speaker:many people don't even know about. Here's another strategy that comes
Speaker:up for my clients because, well, the strategy that I tell
Speaker:them because this issue comes up for my clients a lot and
Speaker:that is, how do I get funding? Right?
Speaker:Because I just mentioned before about, hey, you're going to go and buy
Speaker:this, perhaps this Amazon-based business, and it might cost
Speaker:half a million, million dollars, depends on the revenue, of course. And you're going
Speaker:to say, oh, Matt, but like, you know, I couldn't possibly do that. I've
Speaker:got no money. Now, I want to say stop
Speaker:telling yourself that. There is so much money in
Speaker:the world. It's insane, right? It's because you
Speaker:don't have any money. So you think that there's no
Speaker:money around, right? And it's that small-minded thinking.
Speaker:And I don't mean to be rude and say that you've got a small mind. I used to think
Speaker:the same thing. I was always, I'd be like, oh, I couldn't possibly
Speaker:do that, I've got no money. And I hear this so often. I
Speaker:even hear people say they can't do mentoring or
Speaker:they can't do training or whatever because they've got no money. And
Speaker:here I was, and I don't want to be rude to them
Speaker:and say, well, why don't you sell stuff around the house? But
Speaker:because it depends on how bad you want this, right? It depends on
Speaker:how bad you want to break out of your existing financial
Speaker:situation. For me, it was freaking everything. My
Speaker:back was up against the wall so much that I had
Speaker:to do it. But I think Some of the downside
Speaker:I see with people, and I know I'm sidetracking here before I get to the strategy,
Speaker:but the downside is that they're
Speaker:too comfortable, right? They're too comfortable. Their
Speaker:bills are getting paid. They might be struggling a tiny bit, but
Speaker:it's okay. I don't want to have to put myself out there. I don't have
Speaker:to sell anything in the house to pay for some new training that's going to help me
Speaker:make millions of dollars, right? I'm like, are you serious? Okay,
Speaker:fine. Stay in your comfort zone, right? But don't complain. That's
Speaker:the thing, right? Don't complain about, oh, you really want
Speaker:the Mercedes or whatever, right? You really want a new house. You want to
Speaker:make millions of dollars. Okay. The
Speaker:strategy is that there's money everywhere,
Speaker:okay? Now what I've done in my community is
Speaker:I provide an incredible document.
Speaker:It took me months to put together. It's 102 innovative ways
Speaker:to fund your business. 102! Now you cannot
Speaker:tell me that out of 102, you're just like, oh no, I
Speaker:couldn't possibly find anything in that. No. And
Speaker:so if you come into the community, You're
Speaker:going to get that document for free, right? And you can go through and look at
Speaker:all the different ways of how to find money, okay?
Speaker:Now, I will tell you, there's no free money, okay? So
Speaker:don't come in thinking, oh, it's just going to appear in my bank. No, there's things you're going
Speaker:to have to do, but if you don't know, then how
Speaker:can you possibly even go and do them, right? So that's why I provide you those things. And
Speaker:that's why you can use that document to get the money to
Speaker:then get the business, the Amazon business, for example, which
Speaker:will then get you out of the nine to five and you're on your way to
Speaker:creating the life of your dreams. And can I just say this
Speaker:too, the life of your dreams may not be Mercedes-Benz and
Speaker:car collections. That's totally fine. Yeah. And
Speaker:it's really just up to you. It could just be something really simple. Like
Speaker:I don't have to show up for a boss every day and I can afford to
Speaker:pay the electricity bill without having to put it on a payment plan. That
Speaker:could be your dream life. And if that's for you, that's freaking
Speaker:amazing. Yeah, I know I
Speaker:would have loved to have just been in a position where I didn't have to put bills
Speaker:on payment plans or in my case, I
Speaker:had to put GST on payment plans. It
Speaker:was like for freaking like six years. I'd bring up the tax office
Speaker:and put them on payment plans because missing out the cash flow in
Speaker:the restaurant. So that is,
Speaker:there's no stopping you now, guys. There's no stopping you, right? Come and
Speaker:join the community. and get amongst it and
Speaker:get the tools, get the knowledge to get the power to
Speaker:set up a life on your own terms. I'm going to tell
Speaker:you now, you don't have to come to the community if you don't want to, right? It's
Speaker:only up to you. But I'm going to give you some gold anyway, right?
Speaker:And that is where do I find these Amazon businesses? And
Speaker:you won't believe this, but there's actually
Speaker:like brokers, business brokers who specialize in
Speaker:online businesses, not just Amazon businesses,
Speaker:but content sites, SaaS businesses, which is
Speaker:service as a software, affiliate-based businesses,
Speaker:dropshipping businesses. There's a range of different business models, and
Speaker:these brokers facilitate the transaction between
Speaker:you and the seller, right? They guide you through it. It's
Speaker:all done properly. And these guys have been operating for years
Speaker:and years. I remember when I got into the space back in 2017, that
Speaker:they were around back then, right? So they're trusted. And
Speaker:so what are they, Matt? Please tell us, where can I go look? Three
Speaker:places that come to mind right now. One, empireflippers.com.
Speaker:Two, flipper.com, and that's F-L-I-P-P-A.
Speaker:And the third is Quiet Light Brokers,
Speaker:right? Go to Google, type those names in now. Empire Flippers,
Speaker:Flipper, Quiet Light Brokers. And you
Speaker:can go in right now and just start filtering through the
Speaker:different business. The information it's gonna give you there is A,
Speaker:what is the business method?
Speaker:In other words, is it gonna be Amazon dropshipping or
Speaker:affiliate, for example? So the monetization, it
Speaker:may even say what categories, is it in healthcare, is
Speaker:it in automotive, is it in clothing, right? They'll have
Speaker:all that. And it'll also give information about
Speaker:the cost of the business, how much money in
Speaker:profit it's making. And if you're willing to
Speaker:put in your details, and I suggest you do, so you load up your own
Speaker:information, right? You get qualified by these brokers. You
Speaker:can even go one step further and give them like
Speaker:a bank statement showing how much money you've got, right? So, you
Speaker:know, I'm not saying that everyone watching this is poor, right? There'll be people watching
Speaker:this who have got money. you'll upload your bank statement, let's
Speaker:say it's a million dollars, you'll then have access into every
Speaker:business for sale that's a million dollars and less, right?
Speaker:And when I say, I mean, look under the hood, you can get the P&Ls, you
Speaker:can find out if they're on, if they've got a Shopify store, if they've got
Speaker:a trademark, a patent, you can actually find out exactly what
Speaker:the product is. It'll even have the Amazon listing right
Speaker:there. So you can find out straight away, boom, what are they
Speaker:selling? I know
Speaker:Empire Flippers even has interviews on some of their listings, interviews
Speaker:with the sellers, so you get an understanding of
Speaker:why they created the business, why they're selling. Now
Speaker:just to give you an example, it was an Australian lady
Speaker:who had created this blow-up bed for
Speaker:aircraft, right, for kids, right? So you blow it up and it sits on
Speaker:top of the aircraft seat. And it was doing $150,000 a
Speaker:month in profit, right? Now, it
Speaker:was selling for, I think it was about just
Speaker:under $6 million to buy this business. Now,
Speaker:the product was patented, trademarked, it's got
Speaker:existing sales, and I thought, wow,
Speaker:what an incredible business to buy. What was the
Speaker:opportunity with that business was they weren't even
Speaker:on Amazon at all, right? They were only making sales
Speaker:through like a Shopify store. That's
Speaker:one what I saw the other day. Now, let me tell you about another one which I thought was really interesting
Speaker:as well. It was selling nail scissors, right,
Speaker:of all things. How freaking boring is that? Nail scissors. Now
Speaker:that is, if someone came to me and said, oh Matt, I'm gonna sell nail
Speaker:scissors on Amazon, okay, it's an Amazon-based business. I
Speaker:say, absolutely not, that's totally, that's insane, right?
Speaker:Because you're competing with it, and they're like, there's hundreds
Speaker:of nail scissors on Amazon. But why
Speaker:I thought this business was so good was because it already had
Speaker:listings, the products already had thousands of reviews. So
Speaker:they've already been in the business for years and years and years, built up
Speaker:a customer base, built up trust with the Amazon customers.
Speaker:They had the sales, and that's the only way
Speaker:I would buy a boring, generic type
Speaker:of business is if it was already established. I
Speaker:would never go in and start from scratch on something like Now Scissors. Now,
Speaker:could you do it? Yeah, you could. Absolutely, you could. You could
Speaker:be like, no, Matt, these analysis are the best. They've
Speaker:never been seen before. I'm going to start from scratch in the Amazon marketplace
Speaker:and I'm going to compete against all the other guys. Well, one, you're
Speaker:going to have to start selling them for like a dollar to compete, right? Because
Speaker:you're going to have to be a reason to buy and because
Speaker:you've got no reviews. And the other thing is
Speaker:you're just going to have to put in an absolute truckload of
Speaker:marketing dollars. And I have
Speaker:actually seen people do this, and that's why I would say it's
Speaker:a big mistake. Don't make that mistake. Thinking
Speaker:that you're going to go into Amazon and compete against established sellers
Speaker:in something like Narcissus that is super boring, where you have
Speaker:no differentiation point whatsoever. Don't
Speaker:make that mistake. So guys, the next thing that
Speaker:comes up all the time is, how do I even find a
Speaker:product? And I can tell you there are some hacks on
Speaker:how to do that. A lot of people don't know about this, but
Speaker:first thing would be there is software that you can now go out
Speaker:and use. It's been around for a little while, but it was certainly improved
Speaker:over recent years too, especially with AI. And
Speaker:you can get this software and it will go into Amazon and
Speaker:basically hunt down products that it thinks are
Speaker:going to be winning products. And this software is cheap.
Speaker:I mean, some of it's like 50 bucks a month, 100 bucks a month. Not
Speaker:only does it tell you what products it thinks are good to sell based
Speaker:on profit margins and opportunities scores,
Speaker:you know, like based on existing sellers and reviews and things like that. But
Speaker:it will also tell you, you know, what are the existing sales
Speaker:with certain sellers. That's incredible. So it
Speaker:does like pull back the curtain on what the other sellers are doing. So
Speaker:that's the first thing. The second thing is you
Speaker:can actually outsource the
Speaker:product research. How do we do that? One, go to Fiverr, type
Speaker:in product researcher, and a whole stack of
Speaker:product researchers will come up. Now, what I would do
Speaker:is I would contact maybe five different researchers and
Speaker:just spend some money with them, right? You want to get a feel for
Speaker:how these guys operate and what sort of information do they give
Speaker:back to you. This is really important for people who are also quite busy
Speaker:because product research takes up a lot of mental space and time.
Speaker:And if you're lacking in time, but you want to keep moving forward to
Speaker:get ideas, then you can outsource that product research. Because these
Speaker:guys that do this, they will also present to
Speaker:you products that you'd never even heard of, right?
Speaker:And you would think, you do the same thing. Wow, I never even
Speaker:thought of that product. And that
Speaker:could be your winning product. The product that you never
Speaker:thought of and it may have cost you like 50 bucks to find by
Speaker:someone on Fiverr. Maybe you're watching this video right
Speaker:now and you've got money sitting
Speaker:in the bank. I know someone right now and you think no
Speaker:one's got money, but look, trust me, there's people out there who have got money. A friend of mine right
Speaker:now has literally seven figures sitting in the bank. And
Speaker:he's like, Matt, what should I do with this money? And there's so many
Speaker:things he could possibly do, including, of
Speaker:course, an online business, which is one of my favorites, of course, whether it
Speaker:be Amazon business, Shopify business, it
Speaker:could be a content site, affiliate marketing, could
Speaker:be any one of those types of businesses. It could also be property,
Speaker:it could be share portfolio, or even Bitcoin. But
Speaker:depending on where you are in your life, you may want to get
Speaker:cash flow. And property
Speaker:to a degree is going to be difficult to get cash flow from because it
Speaker:probably will be negative cash flow at this point, unless
Speaker:you're paying cash. The Amazon Shopify
Speaker:type of business model is really powerful because it
Speaker:could generate you returns of 20% plus per
Speaker:year. that you're not
Speaker:going to get that in property. Now, even though I say, yeah,
Speaker:go invest your money into Bitcoin, the problem with Bitcoin is
Speaker:it doesn't generate cash flow. Now,
Speaker:if you're super into crypto, you might say, oh, Matt, yes,
Speaker:you can go and put it in a staking pool somewhere. Yeah, you
Speaker:could do that. And you might get 5%. Okay,
Speaker:but it comes with a lot of risk because you're giving your
Speaker:Bitcoin now to another entity and praying that
Speaker:one day you're going to get that money back or that Bitcoin back. And
Speaker:there's just been too many things in recent years where, unfortunately,
Speaker:companies who have taken your Bitcoin, whoopsie,
Speaker:sorry, it went under. Sorry about that. Oh,
Speaker:can I get my Bitcoin back? No, no, that's vanished. Okay. That's
Speaker:why I like to operate in scenarios where you're in
Speaker:more control, right? I self-custody my Bitcoin.
Speaker:I don't give it to someone else to stake, so that's one thing. But
Speaker:I'm also in control of my business. It's up
Speaker:to me what I do to generate the cash flow, which
Speaker:ultimately gives me more power. and really more
Speaker:freedom. I understand if you're one of these people who are thinking about you
Speaker:want to make changes in your life, and because it might be
Speaker:your financial position, you want to make more money, you want to live in
Speaker:a nicer house, you want to have your kids, let
Speaker:them go to a better school. These are things that are really, really important
Speaker:to people. But I can tell you, one
Speaker:of the top things that prevents you from taking action is
Speaker:listening to other people. other people's negative
Speaker:attitude on you. Because I
Speaker:find that ultimately people aren't
Speaker:happy for you if you want to do well.
Speaker:When you're struggling and they're struggling, they're
Speaker:best friends, yeah? Because you can struggle in misery together.
Speaker:But as soon as you step out of that zone and you're
Speaker:like, you know what, I've actually decided I'm going to go and do an Amazon business
Speaker:or whatever. I'm going to start making more money. At that point,
Speaker:they'll probably encourage you a little bit. They might say,
Speaker:oh, I don't know, I've heard some negative things about that, but you know, good
Speaker:luck with it. But ultimately, when you win,
Speaker:they freaking hate it, right? Because it's a reflection on
Speaker:them, because they think to themselves, wow, I
Speaker:should have taken action too. And this other person did. And
Speaker:now, so now they feel inferior, okay? Because you
Speaker:were at the same point, and you went off and did something that
Speaker:they didn't have the balls to do. Because I know, when
Speaker:you're going into this business world, and
Speaker:it doesn't matter whether it's business, investing in Bitcoin, or
Speaker:investing in property, It takes balls to do it,
Speaker:right? And because everything comes
Speaker:with risk, you could start an Amazon business
Speaker:and it could fail, okay? I don't want to sugarcoat it
Speaker:and say everything Amazon is fantastic. I've done plenty
Speaker:of products that didn't work out. In fact, my
Speaker:very first product didn't work out, yeah? But that didn't stop me
Speaker:and I was very, very lucky because I've got an incredible wife
Speaker:who is the number one clearly the
Speaker:number one person in my life, the love of my life, but
Speaker:she's very, very supportive. And when that didn't work out,
Speaker:she didn't say, oh, you're hopeless, what
Speaker:were you thinking, spending all that money on that product and that training course
Speaker:and it didn't even work out. No, we just pivoted, right? Because
Speaker:I've got the knowledge, I just have to optimize
Speaker:it, just maneuver a bit to then get
Speaker:a better product. And that's ultimately what
Speaker:I did. I went to a better product, which has now led
Speaker:to $50 million plus in sales, and
Speaker:it's completely changed my life, right? And
Speaker:guys, so if I could just say this, you
Speaker:could be one product away to becoming a multimillionaire. So
Speaker:isn't it worth paying 50 bucks or 100 bucks a month to get