what is going on Amazon sellers or
hopefully soon-to-be Amazon sellers my
name is Beau Crabill and I've been
making money selling products online for
nearly a decade yeah that's right I
started my business at the ripe age of
nine years old now how is it possible
that a nine year old can have success by
selling online the reason is that is I
sell products consumers are already
shopping for and I buy those products
from the same exact supplier that are
used by huge big box of companies like
Walmart Costco Target and alike
I just find the products on Amazon to
keep the markup which is typically
between ten and one hundred percent now if a 9 year old
can do this do you think that what it
takes to make money as Amazon so of
course you do actually over the past
year I've been coaching students just
like yourself my proven method to make
you money as an amazon seller
my students come from all walks of life and
ages most in the business part time
however some have had a lucrative enough
to make this their primary source of
income and let's face it today's economy
everything use a little extra cash flow
now in today's video what I want to be
discussing is about the number one
traits and step two failure and some of
them is our business now I've been lucky
enough to speak to the thousands even
tens of thousands of people of people
who want to make money selling on Amazon
and what I've noticed from these people
who either think that they can't get
their business up and running that this
is not a real business I think
by this business where as it takes too
long is they are rushing things and the
number one trait they're missing is
patience
now most you've watched this video will
probably say and I would bet every
response that they will say that there's
no such thing as a get rich quick scheme
and that they don't believe it it's and
they don't people someone I am alone
however in reality that's actually what
they're thinking subconsciously and
that's why I'm gonna lead to the next
point I'm gonna tell you a story about
one of my friends who contacted me or
I'd say high school acquaintance who
contact me out of the blue saying he
wants to make money on Amazon and the
very interesting thing like sometime but
on social media I've had a lot of people
contacted me who wants to make money cuz
I'm the guy who does that now right however
I had a friend who contacted me out of the
blue it's any day to make money for
college and so I said okay sure I'll help
you out I hope you saw on Amazon and I
asked him a few questions to see if it
was really worth my time to help them
out and to really like spend time with
them and so I give a few videos give a
few lessons to go over and then it can
we got to the point where he just needed
to get his business set up so he got
business set up and it was taking about
a week to give his resellers pervades
his documents to really finally get
going
it's our talk I was off and during that
week of him waiting for to get his
business license set up
I never had so many calls from one
person and messages and missed facetime
missed calls from one person ever in my
life and there I answer the call at
first and they were very simple
him pretty much rushing things and just
being a very eager and not really eager
is being impatient like all it's taking
so long to get my resellers permit going on
can I just start contact as far as I can
out like no did you even go through the
lessons like I asked Mike are you ready
to go research inventories like
know what keep us like I don't know is
like okay you're trying to rush things
right now and you're not even taking the
first initial steps to educate yourself
correctly and then one day I was on a
walk in the middle of Utah and he just
called me over and over again otherwise I
finally picked up I was like what is
going on what is wrong is like just
this reselling permit is taking forever it's been two days
but can you seriously not wait a full
week to get your business license up which is
something you actually need out on Amazon which potentially change your
finacial future like if you're not going
to wait a week go do that I don't what's
wrong with you now I know I'm harboring
a little bit on patience and rushing
things however I will be providing
solutions at the end of this digital
okay there's one very important thing I
talk about right now that supposed to be
the difference between taking action and
long-term thing if you watch any of my
videos you always turn we talked about
action all the time I'm a big believer
that you need to take an action
however as me being an entrepreneur I do
not get paid by the hour I did I get
paid for my time I get paid off the
value and production I create
as an employee you get paid by the hour
however as an employee you're never
going to get paid is your value a good
quote by Henry Ford, who used to be the owner for Ford
he would say
that he always paid his employees five
dollars an hour because they always
produce them at least seven and a half
dollars so as an employee you can be
paying in paid a hundred dollars an hour
working all these hours but in reality
you're worth more than that
as an entrepreneur I don't get that
satisfaction getting paid for every
second I work but if I get the value im
actually worth and that's what's gonna be
leading to action taking long term so as
an entrepreneur you're making money by
producing value how you do that is you
need to take action on something you
learn so
initially educate yourself on anything
so say for example selling
on Amazon you need to educate yourself because
the end goal is you want to make money
how you make money is buying low and selling high
buy by product for five dollars sell
for ten take the profit and you take action
on that but to take action on you need
to educate yourself all right so that's
one thing the next thing I talk about is
going to be
thinking long term something that Jeff bass is
doing right now the owner of Amazon is
he is creating a 10,000 year I think
10,000 year clock in the middle of Texas
the reason why he is doing this is because
it's going to be a symbol for humans
that humans are under highly highly
underestimate what they can do in the
long term and overestimate what they can
do the short term for example if you set
goals for Amazon business saying you
want to make $10,000 in the next 30 days
in reality you're probably not going to
do it but then you also probably set a
goal for a full year
and you're probably gonna underestimate
yourself what you can actually do in a year so
now I want to get to the point on
providing solutions on how you can fix
rushing things and being patient so the
first thing you need to understand is
are you impatient are you rushing and if
you answer yes or hear yourself saying
any of these and most likely you are
being impatient you are rushing things if you
ever say how fast can I go make money if
you ever say I've contacted so many
suppliers they have got back to me and
you realize it's a weekend or you're
saying it's been four days I can't find
any products or something on the lines
of like you're asking how much money can
I make and so for example I will go
back to the high school guy i was talking to
yeah he told me that he had eight
thousand dollars and
he asked me what kind of return how much
money can make profit wise in the next 30
days from say $1000 like well I can't really
promise you any results but let's say
you get a 10 percent ROI of $8,000 to
get 10% of the money that 800 dollars profit
and as soon as I said
800 hours profit he said whoa whoa well that's
awful like 10% of your money that's so
bad was like yeah how much why do you
sound on Amazon like what to make money
how much money you're making right now
whatever your doing he was like oh nothing I don't have a
job then why are you complaining about 800
dollars profit so what I was getting out
here is just if you answered yes to any
of those questions or you hear yourself
saying that then most likely you need to
reevaluate and be more patient how are
you going to do that about two things
you need to first understand the difference
between employees and entrepreneurs
being employee you are paid off of your
time if you pay per hour but you would
never get paid for your value as
entrepreneur you can paid off your value
of production and the only way to do
that is you need to take action
off something you learn that's one the
second solution is thinking long term
the more long-term you think you're
actually going to get results faster
because that's human nature it makes
sense we want to want to get fit quickly
want to lose weight
we want to make money faster we want to
get rich quicker than we are today we
want to be richer tomorrow and what you
need to understand that you think that's
short-term mindset it's gonna take you
so much longer together we have a long
term mindset where you're thinking down
the road you're actually gonna get
results faster that is it now thank you
so much for watching it's this video and
if you like this video feel free to give
comment down below have any questions at
all feel free to leave a comment give
this video a thumbs up and feel free to
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my podcast channel I hope you've got
some great value as a service remember
take action take long term and you'll be
set and just have a great day