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build ecom businesses to 8 figures 馃摝 https://nitter.gq/t.co/gwJnxoXDQ4

United States
Joined July 2018
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If you have $500K to deploy into inventory this month, how do you decide which suppliers get the money? Most Amazon sellers can spend $500K quickly. Very few can explain WHY each supplier deserves a specific % of it. We use Profit Based Supplier Allocation: Supplier profit 梅 Total company profit Supplier A generates 30% of your total profit? At minimum, 30% of your purchasing budget should be available to them. Supplier B generates 8%? Why are you giving them 20% of your capital? Your purchasing budget should follow profit. Not revenue. Not order history. Not whatever your buying team is used to ordering. Capital should flow toward the suppliers producing the best results. We introduce this into sellers cash flow strategies all the time and it completely changes how they deploy capital and manage profitable cashflow
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Everybody wants a bigger business. Very few build the systems required to handle one. Growth without infrastructure is just more problems.
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The best thing you can build in business isn't the business. It's the ability to build one. Markets change. Opportunities disappear. The skillset of being able to build stays with you forever 馃殌
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The first goal is to build a business that makes money. The second goal is to build it so it makes money without you. The second goal is harder than the first.
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Most people quit because growth feels like failure at first. Mistakes multiply and everything feels messy but that鈥檚 what progress looks like
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