Andy Slamans Co-Founder of Amazing Freedom Brands, shares his incredible story of transitioning from social work to building a multi-million dollar Amazon business.
We delved into Andy's early days of selling on Amazon, the valuable lessons he learned, and the challenges he overcame along the way. From navigating the intricacies of international sourcing to building relationships with domestic manufacturers, we uncovered the strategies that propelled Amazing Freedom Brands to remarkable success.
Andy also shared his insights on inventory management, advertising adjustments, the shift to website sales, and the delicate balance of pricing and margins.
If you're an aspiring entrepreneur, this episode was packed with invaluable advice and inspiration to fuel your journey.
Episode Notes:
00:30 - Andy Slamans Introduction
01:50 - LinkedIn and its Positive Environment
02:55 - Andy's Transition from Social Work to Amazon Selling
05:45 - The Early Days of Selling on Amazon and Lessons Learned
09:20 - Challenges and Strategies of Sourcing Internationally
10:45 - Advantages of Sourcing Products Domestically in the US
13:30 - Finding Tradeshows
15:19 - Reordering Products from Domestic Manufacturers
16:40 - Experimenting with Turning Off Ads Due to Running Out of Inventory
18:18 - Approaching $20 Million in Revenue: Strategies and Growth
21:15 - Using a Line of Credit
22:55 - Navigating Return Handling for Different Types of Products
24:46 - Building a Team with C-Suite Hires and Scaling the Business
29:30 - Learning from Losses
LinkedIn: linkedin.com/in/andy-slamans-892ba0b9
Website: amazing freedom.com
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