The Million Dollar Sellers Podcast Million Dollar Sellers

Learning about Amazon changed Ephraim’s life. He moved from a dissatisfied 21 years-old employee who earned a paltry $12 an hour to a seven-figure seller of over 35,000 products within 6 weeks.

Key Takeaways
Ephraim will teach you the following vital lessons in this interview:

Utilize the power of keywords to scale on Amazon

Explore Amazon PPC if you desire growth in your eCommerce business

Venturing into new business terrains is a great risk that’s worth taking.

Knowing what others don’t know can set you apart from other businesses

Always prepare for the possibility of a congested port so you don’t completely risk your Q4

When Amazon gives you removal, they offer a free window period to send back that SKUs.

Ensure to belong to a business community that you can rely on for help like the Amazon family and MDS.

Mehran’s business sense dates back to making profit off candy he got from 7-Eleven as a kid. And with about 30% hit on his business during the pandemic, his next milestone is to get the business back to the numbers before COVID.

Key Takeaways
Things you’ll find out from this interview with Mehran Kamari

Ensure that you know everything you need to know before jumping into a business

You must shift from an employee mindset to a business owner’s mindset

The MDS community reshapes your idea of what friendship should be

Losing his father made Mehran realize that people can work all their lives and never enjoy freedom

Consider the risk involved in any path you choose to take

Community is often a big part of big decisions because of shared aspirations and challenges

People are more inclined to do business with you if they resonate with your experiences

If you don’t know what you want, you’ll get discouraged when you encounter obstacles

Leaving a well-paying job to focus on business can be very scary

Don’t be shabby with hiring

A relaxed environment can become a trap for your business

Mehran delegates most repetitive tasks to focus on building products

Shawn Cannon and his partner Becky began selling on Amazon merely as an alternative income source and have been able to bring in a seven-figure turnover yearly. 

Key Takeaways
In this interview Shawn will teach you these valuable lessons:

Arbitrage is one of the best ways to get into selling on Amazon for people with money

Consider every listing as a doorway to get into Amazon

Branding can greatly impact your Amazon sales turnover if done rightly

Challenges will come when venturing into arbitrage but do not quit. 

It’s advisable to have a thousand listings that sold one unit than one listing that sold a thousand.

It’s okay to try out different products before settling for the one with the most skews and demand.

Sticking to a brand is more rewarding than doing wholesale in the long run.

When it comes to running a business, focus on two things—what you love and what you’re great at.

Be willing to take blind leap of faith towards achieving your goals

Kevin demonstrates how environment shapes mindset. Seeing his family do business as a kid, he was able to convince his mother to invest in his first business. However, oneness is something he constantly pursues.

Key Takeaways 
Things you’ll learn from this interview with Kevin Hundall: 

Having a relevant support system improves confidence in business

Identifying and maximizing opportunities in unpleasant situations 

How personal values shape a business 

Your passion fuels your commitment and dedication to your business

The MDS community embodies the value of a community

Seek opportunities in fun and interesting things 

Family members can build businesses together if they agree 

There’s no age limit in the pursuit of success

At Ecom CPA, simplicity is the keyword. So, they’re constantly working on building systems to break the silo that exist between the accounting and tax departments.
Since most of their clients are entrepreneurs who hate to repeat themselves, their solutions gather enough information to reduce such stress. Then goes further to help them understand their taxes and all they need to know about compliance. 

Key Takeaways
In this interview, you'll learn from Jeremy and Jason:

Some systems that neutralize the silo between the accounting and tax departments

Understand taxes and all the moving pieces from a compliance perspective

The best way to satisfy your client is to ask them what they want and listen

How Jason overcame his uncertainties about eCommerce

How they’re able to get more traction than their competitors

Why they only work with clients that are a good fit

Why Jeremy chose Jason for his current role

Mike shows how meditation can help leaders respect their staff and understand that everyone is a part of a bigger picture.

Key Takeaways
In this interview, you'll learn this from Mike:

How meditation helps to calm the monkey mind

To be calm even in the midst of your challenges

Meditation creates a space between any your response and any action

You’ll always ask the right questions and get faster results in a few tries

The practice increases emotional intelligence

People diagnosed with ADHD can 

Spending time meditating moves you away from negative mindset

Recognizing distraction is as precious as being focused