The single parent life can be tough. Obviously you want to give your children the best life, and with one source of income that can be difficult. But it doesn't have to be! Today I want to share with you how this single Mom makes $500,000 per month on Amazon. This is more money than some people dream of making in a lifetime!
At the Amazing Seller Summit event that I attended this past year, I had the pleasure of interviewing a woman named, Angie Chacon. She is a super successful Amazon seller, who was gracious enough to take the time to share her story with me.
In just two years time, Angie went from being broke to making $500,000 per month on Amazon! We all need role models like Angie, who embodies sheer determination, grit, passion, and a commitment to succeed.
Are you ready to learn how this single Mom makes $500,000 per month on Amazon?
Watch the video below:
(Click here to watch on YouTube)
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Here is a sneak peak of my interview with Angie Chacon:
When did you join the ASM, and can you share with us your journey since then?
Two and a half years ago I started ASM. During that time, I was broke, I had just gone through a divorce, and I was starting over, while supporting four kids. I found the ASM and I had friends who were doing it at the time. I saw it as an opportunity. I had a product idea and brand in mind, so I went that route and like most people, the beginning was rocky. At first, I picked the wrong product, but it allowed me to go through the motions and learn what worked and what didn’t work. It put the system in place so that after a month or two, I started looking at launching a second product. Consistency is key. There was no option for me to quit. My next product did well, so a month later I launched another one, and so on. At the time, I found that the magic number was having three products running at the same time. I had to be strategic and clever with how I started because I had no cash flow or credit. I was starting on a shoestring budget. It was challenging, but I just did it and made it work. I did my Amazon job, and I also had a full-time on the side that paid the bills. If you really want to expand your Amazon business you constantly need more inventory. After six months, I was making enough profit from my Amazon business so that I could quit my job and focus on it, full-time. I was making $60,000 in the first six months, and within a year I was at $100,000 and then a few months later, $200,000, and two and a half years later, I’m making $500,000 per month.
A lot of people fear failure when it comes to starting an Amazon business. What made you not give up when your first product was the wrong one?
I didn’t feel like I had a choice. I knew people who it was working for so it was inspiring for me, so I knew that it worked. I knew that if I kept persisting and following the successful actions of others, I could be successful. Some people get crazy into their first product and order a big excess of inventory, which makes the process take longer and become more complex. I started my first product, and it wasn’t awesome, but unit was readily available. That was key to my momentum.
What is so inspiring about your story is that you expressed that you were at a low point in your life when you started your Amazon business. There are a lot of women out there who are mothers that may be looking at this as an opportunity, but oftentimes it can be perceived as a limitation. What would you say to people that are in that circumstance?
It’s doable. I still had to get up and take my kids to school and run a household and cover all the bills. I didn’t take much time out to do other stuff. I fully committed to the process. I know that it takes a lot of hard work, dedication, and passion, especially when you are first starting something. Hopefully the product that you choose you are somewhat passionate about, because if you enjoy the process, you will persist and put in the work that needs to be done. If you fall off your horse, so to speak, you can get back on it easier.
How many products do you have now?
I have forty products that are all under one brand. When you have a brand it’s so much easier to create a lot of products that are under the same category, which allows you to cross-sell and promote new products to your existing customers. Once I had three to four products running, I started to get individual customers who would buy multiple products from me, and a high percentage of my sales was from that, which was awesome.
Can you share some tips for those people who want to take a leap of faith and build an Amazon business?
A lot of people have inflated expectations when it comes to getting their first product launched. They expect it to be making them a lot of money at the onset and its not realistic.
You need to have the mindset of an entrepreneur and treat it as a business. You don’t have an Amazon business, rather you have an e-commerce business, and you need to treat it as such. Amazon is just one part of it.
I hope the story of how this single Mom makes $500,000 per month on Amazon inspires you to take the leap of faith and start your Amazon business. Wouldn’t it feel great to make $500,000 per month? If she can do it, so can you!
Do you want to receive my free Amazon training series? CLICK HERE for instant access!