TAS 319: Ask Scott Session #97 - Borrowing Money - Supplements and RISKS - Knowing Total Costs in Your Business

Are you ready to take the next step on your journey to success? What piece of wisdom or encouragement could help you as you venture out into the unknown? Scott is pumped to bring this week’s episode of The Amazing Seller where he tackles audience questions and shares his experience and insight to help entrepreneurs like you succeed. On this episode, Scott give an update on the 1K Fast Track Launch, whether to take out a loan for startup funds, the risks involved in selling an ingestible or topical product, and so much more! Update on the Successful 1K Fast Track Launch Scott and his close friend Dom Sugar have successfully launched and filled their first 1K Fast Track group. Scott is fired up and passionate about the potential this experiment has to impact the lives of men and women who need a push in the right direction to get their business started. Although the first group is filled, Scott and Dom are highly encouraged by the huge demand that has stemmed from this project. If you want to learn more and get your name on the list for the next round, make sure to sign up! The link is located under the “Resources” section of this post. Don’t miss out on this powerful opportunity to TAKE ACTION! Is it wise to take out a loan to get your FBA business started? What do you do when you’ve followed Scott’s advice from episode 312 to put together some cash to start your business but it’s still not enough? What other options are available? Should you take out a loan to get started? If these questions resonate with you, you aren’t alone. On this episode of The Amazing Seller, Scott tackles the topic of taking out a loan for startup capital. Scott’s cautious and hard earned wisdom is extremely helpful here. Don’t miss his thoughts on borrowing money and some possible alternative options so you can get started today. Ingestible and topical products, worth the risk? So you have a great product that you are certain will produce value to your customers and impressive profits. Sounds like a dream come true, right? If the product involves either ingestion or topical application for the customer, Scott urges caution. On this episode of The Amazing Seller, Scott walks through the risks and potential hazards to selling products that people will ingest or apply to their skin. Don’t be discouraged if this sounds like your product, Scott doesn't rule it out. He provides helpful wisdom that will enable you to succeed. Make sure to catch Scott’s input on this topic and so much more! Confronting the risks and costs of starting an FBA business Starting something new can be extremely intimidating. Let’s face it, a HUGE part of that trepidation is around the risks and unknown factors involved. Many entrepreneurs face this challenge, especially the ones starting out with launching an FBA business. So how do you handle the unknowns? What is your strategy? On this episode of The Amazing Seller, Scott breaks the process down and gives helpful tips and tools that can start you on the road to success. Don’t miss the valuable lessons right at your fingertips! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast! [1:25] 1K Fast Track - You need to check this out! [6:40] Question #1: Should I take out a loan to start a FBA business? [15:20] Question #2: Is there any way to get certification for edible products? What are the risks involved? [22:40] Question #3: What are the true costs involved in starting a new FBA business? RESOURCES MENTIONED IN THIS EPISODE 1KFastTrack by The Amazing Seller