Episode 187: Your Amazon Business, Part 2

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On Today’s Show

Skip McGrath gets into more detail about how to set up an Amazon selling business by thinking of an appropriate business name, getting a sales tax number, and opening a business bank account. Skip also shares some of his experience and knowledge about getting started selling on Amazon with $500 or less.

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1 Simple Thing Action:

Set up and organizing your business by deciding on a business name, getting your sales tax number and opening a business bank account.

Mentioned In Episode:

Categories Skip does well at:
Kitchen Tools and Utensils
Home and Garden
Sporting Goods
Groceries and Gourmet Foods

Stands for Stock Keeping Unit. It’s a number you give your product to identify it with.

Categories and Tips if you do not have a lot of startup capital:
Used Books. There are books you can buy for only .50 cents that you sell for 10 dollars or more.
Retail Arbitrage. Look at the clearance section at Wal-Mart or Target and see what an item is being sold for on Amazon. Sometimes you can find items on clearance for $3.00 that’s being sold on Amazon for $16.95.

Private Labeling:
Where you import an item and put your own private label on it. That makes you the exclusive seller of that item.


Skip Mcgrath

  • eBay and Amazon Trainer
  • Author
  • Online Seller, Selling online since 1999

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This Article Was Written By

Manuel Serrano

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