Why is it so difficult to bust out of the 9-5 rat race? (it’s more like 8-6 when you factor in commute times for most people) and move into a higher income bracket?

Answer: It’s impossible to scale up. 

Think of it this way. 

In a typical job, you exchange time for money. The issue is there’s only so much time in a day, which limits your earning potential. 

Sure, you can work overtime, get a yearly salary increase, or even jump jobs for a better opportunity and pay, but you’re held back by the amount of time on the clock before burning out, (or experiencing a mental breakdown) because your job controls your time. 

How screwed up is that?  

According to Google, scaling is “having the ability to grow without being hampered. It requires planning, some funding, and the right systems, staff, processes, technology, and partners.”

In other words, you can’t scale your day job, but you can scale an Amazon business. 

Here are some things to consider: 

The Rich Dad/Poor Dad Mindset 

In his book, Rich Dad/Poor Dad, Author Robert Kiyasaki writes about the different mindsets between his biological father (poor dad) and his best friend’s father (rich dad). 

Here are the differences between the two. 

Mindset

• Rich dad uses his money to create wealth and passive income, whereas poor dad relies on his day job to earn and save. 

Financial Risk- Taking

• Rich dad takes financial risks and embraces failure as a learning opportunity. 

• Poor dad avoids risks and sticks to the straight and narrow.

The Importance of Learning

• Rich dad read books, attended seminars, and seeked out mentors to continue learning about money, investing, and entrepreneurship. 

• Poor dad used his time working his 9-5 (wash, rinse, repeat).

What’s my biggest takeaway from the book?

It emphasizes how passive income can lead to financial and locational independence, as well as free up time for passions and other business endeavors. 

What is Active Vs. Passive Income?

Simply put, active income is exchanging time for money, such as the case in a regular day job. 

Passive income is income you earn without actively working. 

Here are some examples:

• Rental income
• Income from interests (such as in the stock market)
• Affiliate marketing income (i.e. “click the link in the description”)
• Selling a product

This is everyone’s dream, right? 

An Amazon business falls within passive income because time isn’t a factor. So long as you can steer traffic to your product, there’s no limit to the amount of money you can earn in a 60 minute period. This is the ultimate difference between passive and active income. 

How Do You Scale an Amazon Business?

A successful Amazon business starts with a great product idea, ideally in a niche with ongoing market opportunities. 

After you’ve sourced the item, negotiated a final price, and shipped the product into an Amazon warehouse, you can start focusing on increasing profit margins and trimming the ‘fat’ that comes with an e-commerce business. 

Monitor and follow key metrics to improve your listing, and as you begin earning profits, re-invest the capital into the business. Here are a few starter ideas. 

• Expand your product line within your niche
• Focus on content creation to increase external traffic
• Test different marketing and ad campaigns
• Cross-promote across platforms (Shopify, Etsy, Ebay)

The sky’s the limit, just make sure to track your efforts and double-down on what’s working the best. 

Obviously successful scaling is a process and it does that time — but it’s already being done by millions around the world so if you want in on this, it’s available to you. Successfully scaling a business means that you’re earning higher profits, increasing efficiency, and working a bit less over time. 

But what if I’m earning more profits, but working harder and constantly stressed out? 

Then in my opinion, you haven’t successfully scaled. 

How Amazon FBA Makes Scaling Easy 

FBA stands for Fulfilment by Amazon

That means that Amazon fulfills and delivers products without you ever touching a thing. 

This is in contrast to Amazon FBM, which requires the seller to package and ship the item themselves.  

But more importantly, Amazon basically controls the U.S. e-commerce market, and is trying their damnest to make sure no other company gets a piece of the pie. 

They’re doing this by expanding their drone Prime services for faster delivery, and introducing cutting-edge AI shopping tools (just to name a few). They’re also poised to overtake Wal-Mart as the nation’s top retailer in the next few years. 

The Amazon empire is growing every day. 

And since e-commerce only accounts for a fraction of retail sales in the U.S., there’s plenty of room for anyone to start a successful Amazon business, and enjoy a life of passive income, and all the perks it brings. 

• Financial freedom 
• Remote work 
• Retirement planning
• Wealth building
• Personal growth

Are You Ready to Start an Amazon FBA Business? 

My Amazon Wealth Accelerator (AWA) mentorship guides you through the entire Amazon FBA process and provides a community of support with others on the exact same journey. 

You’ll get hands-on support from experienced sellers with your same goals and aspirations. 

AWA gives you a much-needed safeguard from costly mistakes, dead ends, and failed product investments to efficiently reach your passive income goals. 

So whether it’s solving issues with your Seller Central account, creative approaches to product research, scaling to new markets and niches, validating product ideas, customer service issues, and more, we’ve got you covered. 
Learn more about it here.