The Journey from $0 to $200k per Year Selling on Amazon (E151)

Anatoly SpektoreCommerce Entrepreneur Notes: Started 3 years agoSelling 200k yearJungle Scout and Helium10Spent 10k on the first order buying Green BinocularsPickFu Sponsors: Drip – Get a free demo of Drip using this coupon code!Spark Shipping – Dropshipping Automation Software Links: https://www10millionjourney.comhttps://www.instagram.com/anatolyspektor/https://www.instagram.com/10millionjourney/ Transcript: Charles (00:00): In this episode of the business. E-Commerce I talk with Anatoly specter about his journey from zero to $200,000 a year, selling on Amazon. This is a business of e-commerce episode, 151. [inaudible] Welcome to the business of e-commerce the show that helps e-commerce retailers start launch and grow their e-commerce business. I'm your host [inaudible] and I'm here today with Anatoly specter, and it totally is a serial entrepreneur, six figure, Amazon seller, an it consultant, and the host of the 10 million journey podcast, where he shows his experiences scaling his Amazon business from 200 K to $10 million a year. And this episode, and totally gets really into some numbers on his business, which I think is super helpful. He does into when he started, how much it cost, some initial product runs, how much he's making today and where he's hoping to go and how he's hoping to get there. Charles (01:02): He's super transparent, which I think is very helpful when you're listening and taking advice, because a lot of it is contextual. If someone is giving you advice, you kind of need to know, is this advice for a new seller or someone doing a million a year? He kind of gives exactly what advice you would do at what step and what he has done. And I think it's super helpful. So let's get into the show and follow along right to the end where he gives some real helpful tips to both new sellers and also folks scaling the Amazon business. So Hey until you, how are you doing today? Amazing. How are you doing good. Awesome. To have you on the show. Your journey is super interesting. I've been doing some research about it and just kind of looking at talk about some of the numbers. So as far as an Amazon seller, and we're talking before the show and just kind of getting into some of those numbers, I think it's going to be super addressed in a kind of go into so real quick, you're an Amazon seller, right? That's kind of, that's your main focus? I mean, Anatoly (02:05): I like to call myself online through preneur and Amazon is the way I make sale these days. But yeah most of my revenue comes from Amazon Charles (02:14): And you're currently in you kind of, so you have a podcast and you talk publicly about the number is where you're at. Right? So that's yeah, Anatoly (02:20): Yeah, yeah. I created a podcast to sort of document my journey, how I scaled my business to $10 million. And I'm still in the process right now in the beginning, about 200,000. And I'm moving to a million who have charged me for that and then 10 million. So they'll come in to everything. I pick up brain. So other preneurs who are several steps ahead, or some of them multimillion dollars hundred million dollars businesses. And I just talk to them and pick up their brains to help me out and off. My last question is always, what can you give me as an advice I'm read here is how much you're making is what I'm doing. Tell me, and then they give me advice. So you're lucky. I'm pretty lucky first. Charles (02:55): Nice. yeah, it's a dual purpose podcast and you're helping other people, but getting advice. So I love that you aren't, so you're a 200,000 a year right now. And most of us like 90 plus percent is Amazon product sales, right? Anatoly (03:09): Yeah. Yeah. We do have a Shopify store, but it's like minimal because we were focused just on Amazon these days. Charles (03:15): How long did it take you to get there so far? Anatoly (03:19): So it was hit or miss.