In today’s episode, I have Heath Armstrong on the show to talk about how he built an e-commerce business that allows him to travel around the world. He uses “online arbitrage” and a team of location independent people to run his business, to build a 6-figure a year business that he spends little time running himself.
Heath has interviewed 100+ Creative Entrepreneurs (including NY Times best-selling authors, Hollywood directors, artists, musicians, digital nomads, travel junkies, and one dominatrix) all around the world to discover their secrets for freedom, happiness, and success with his podcast, The Artsy Now Show. He’s an avid traveller some someone I get on really well with when we jump on Skype.
This was an extremely interesting conversation for me…
Heath and I jumped on a call before we hit record to plan out what we’d cover on the show, but we ended up going in a completely different direction. As you can tell from the beginning of our conversation we originally planned on talking about building a remote team, but really got stuck into talk about Amazon and this concept “online arbitrage.”
Heath really drops all the info here with how he got started and what he’d do differently if he went through it all again. He took some MASSIVE risks which he highly advices that you don’t do.
We drop a lot of resources which are linked down below and soon Heath will teach all of this stuff in more depth in the future as well… Which I’ll be checking out for sure!
Enjoy this episode Dudes and Dudettes!
*fist bump*
IN THIS EPISODE WE COVER:
- Overview of online arbitrage on Amazon
- The process of creating an Amazon business built off location independence
- Creating teams of VA’s for sourcing products / analyzing metrics to create product buy lists
- Training buyers to analyze the buy lists and purchase high velocity products at lowest possible costs
- The flow
- Overview of tools & resources used
- Perks to the business: Cash back sites.
LINKS AND RESOURCES MENTIONED:
- The Artsy Now Show – Heath’s Old Podcast
- Jungle Scout Chrome Extension
- OAXray.com
- DS Amazon Quick View
- Scanalyise
- FBALibrary.com
- CashbackMonitor.com
- Dude Brood FB Group
Wanna connect with Heath?
- Website: HeathArmstrong.com
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