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Published: Jan. 21, 2016, midnight

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Ep 128 Scott Voelker joins Nathan.

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Scott Voelker is an Amazon FBA Seller and Podcaster helping others start their own Amazon business.

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YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you\'ve done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!

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Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive

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3 Key Points:

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1. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Private labeling is more sustainable than retail arbitrage
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2. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Calculate competitors\\u2019 daily turnover via their BSR
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3. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Sell like-products in order to build a brand around a market
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Episode Notes:\\xa0

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• 01:05 \\u2013 Nathan\\u2019s introduction to today\\u2019s show
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• 01:34 \\u2013 Selling private labeling items vs retail arbitrage on Amazon
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• 03:40 \\u2013 Process of working out the daily turnover of competitors via their Amazon BSR
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• 05:49 \\u2013 How BSRs work across different categories
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• 06:58 \\u2013 Gross revenue $307,000, 38% margin
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• 07:32 \\u2013 Cross-promotion of like-products \\u2013 building a brand around a market
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• 8:50 \\u2013 Cashing out of your Amazon business
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• 10:38 \\u2013 Diversification \\u2013 25% of Scott\\u2019s income now comes from selling on Amazon, 75% from teaching
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• 12:00 \\u2013 Podcast launched in Feb 2015, classes didn\\u2019t start until after 50 podcast episodes
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• 13:04 \\u2013 Scott\\u2019s introduction to Amazon (downloadable templates)
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• 14:13 \\u2013 Podcast @\\xa0theamazingseller.com
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• 15:15 \\u2013 The Famous Five
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Resources Mentioned:

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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0Growth Geeks\\xa0\\u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects.
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0theamazingseller.com
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0Crush It!
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Famous 5

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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Favorite Book?\\u2014\\xa0Crush It!
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What CEO do you follow?\\u2014\\xa0Pat Flynn
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What is your favorite online tool?\\u2014 Google docs
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Do you get 8 hours of sleep? \\u2014 No
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• \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 If you could let your 20-year-old self know one thing, what would it be? \\u2013 To trust my gut, and that fear is an indicator that you should do something.
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Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop

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The Top is FOR YOU if you are:

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A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

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STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

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An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

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The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that\'s like an audio version of Pat Flynn\'s monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop

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