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4 Fears You Must Destroy To Win At Reselling

September 17, 2023 By Alex Hyun Leave a Comment

Fear is the only enemy of success.

As Grant Cardone said, fear is the great indicator.

If you are afraid of something, this usually means that what you fear is something that will move you in the direction of success.

As Greg Plitt said, behind every fear is the person you want to be.

To get rich and achieve all your financial goals, you must face and destroy every single one of your fears one by one.

When you embark on your journey to the top, you will most likely be completely shackled by fear.

[Read more…] about 4 Fears You Must Destroy To Win At Reselling

Filed Under: Amazon FBA, Debt, Mindset, Money, Reselling

Seller Amp Sourcing Guide

September 8, 2023 By Alex Hyun 5 Comments

This will be the most comprehensive guide on the Internet regarding Seller Amp sourcing for retail arbitrage.

This method will also work for online arbitrage and wholesale.

That being said, my primary sourcing method is retail arbitrage due to the high ROI potential and to capitalize on the ongoing retail apocalypse.

I do some online arbitrage occasionally in order to capitalize on insane deals, but it is not a staple of my business model.

You can generate over 6 figures of profit sourcing exclusively via retail arbitrage and that is where I recommend most beginner Amazon sellers to begin.

[Read more…] about Seller Amp Sourcing Guide

Filed Under: Amazon FBA, Keepa, Reselling, Seller Amp

How To Win In A Culture Of Losers

September 4, 2023 By Alex Hyun 1 Comment

Everything in this society is designed to break you down into a shell of a man.

Losing is encouraged and winning is discouraged.

Losers are paraded and winners are berated.

That being said, if you let this stop you, you are an ultimate loser.

If you give up on your dreams because someone hurt your feelings, you are a clown.

Clowns run this country, and it’s mainly due to this sick concept called “political correctness”.

Ever since America has become a politically correct nation, losing became the norm for most people.

Ever since participation trophies were awarded to complete losers in elementary schools, this country has been on a steady decline.

There was no more need for ambition, when you could be called a winner even when you lost.

[Read more…] about How To Win In A Culture Of Losers

Filed Under: Mindset, Success

How To Get Rich Using Monopoly Money

August 19, 2023 By Alex Hyun 3 Comments

The first step to going from broke to rich is to have a complete mindset shift.

Getting rich is not based on a monetary value.

Rich is a mindset, and once you master this mindset, you will get richer every single day.

You will see yourself becoming more wealthy, unlike most people who see themselves becoming poorer every single day.

One day, people will tell you you’ve made it, but the reality is that you became rich even when you had $0 in the bank.

In fact, unless you become rich even when you have $0 in the physical realm, you will never earn a single dollar without having to work a job.

[Read more…] about How To Get Rich Using Monopoly Money

Filed Under: Debt, Mindset, Money, Success

How I Use Debt To Get Richer (AMZ Credit Card Guide)

August 15, 2023 By Alex Hyun 4 Comments

WARNING: Before you read this you must read “The Dangers Of Overleveraging“. Keep in mind that this credit card guide was written from the point of view of someone with $0 and 0 credit trying to grow as fast as possible. While I succeeded, it might not work for you. Instead of deleting this post, I decided to keep it up as documentation of what I did to get to where I am. It’s a true story. This is not financial advice. I am not liable for reckless debt accumulation or your business failures. Credit Card Guide Part II coming soon on MKAMZ.

Here are my updated thoughts to keep in mind [9/29/2024]: High interest debt works during a period of rapid inflation which is when I wrote this blog post. You want to make sure you don’t take on interest rates higher than the rate of inflation if you want to make money. In fact, I highly advise you don’t pay interest at all.

Don’t be a retard who refuses to use debt to get rich and buy inventory, but then goes out and uses consumer debt to buy a car you can’t afford to flex on people online. That’s laughable.

Do I still use debt? Every single day.

Do I pay interest? Zero.

Do I still use Amazon Lending? No.

Do I still use personal credit for business purchases? No.

Is everything in this blog post true? Yes.

Do I save money? No, but I stack massive quantities for future opportunities.

Do I max out my cards? No, I only use business charge cards without credit limits now. My utilization is about 3-6% on my personal cards at all times.

Do I care about my credit score? Not really, but my credit is perfect now and I have all the cards I want.

My plan unfolded exactly as I expected, but it might not play out the same way for you.

_______________________________


This will likely be a highly controversial post because I will teaching you how to utilize debt to get richer.

Most people use debt to get poorer.

Even more people believe debt is terrible and the way to get rich is to get out of debt.

They believe every word Dave Ramsey says, cut up their credit cards, eat canned beans and live far beneath their means.

The same people who believe debt is bad are the people who believe that saving money is good.

[Read more…] about How I Use Debt To Get Richer (AMZ Credit Card Guide)

Filed Under: Amazon FBA, Debt, Money, Reselling, Taxes

Why You Shouldn’t Chase Quick Money

August 15, 2023 By Alex Hyun Leave a Comment

It’s been a highly profitable weekend.

All I’ve been doing is the exact same thing that I was doing last year.

Scanning thousands of product barcodes, buying profitable inventory and sending it off to AMZ.

When I started off, my supplier was Goodwill and I bought tons of used books to resell.

Each book represented an opportunity for profit, with minimal risk. Even if I lost the money I did not care. I spent all my money on books.

[Read more…] about Why You Shouldn’t Chase Quick Money

Filed Under: Amazon FBA, Reselling

The No Bullshit Guide To Going From Zero Dollars In The Bank To 6 Figures On Amazon

July 30, 2023 By Alex Hyun 6 Comments

Everyone wants to know if it’s possible to go from having $0 in the bank to making over 6 figures in sales on Amazon.

Not only is it possible, but you can do it in a year or less.

I know this because that is exactly what I did.

[Read more…] about The No Bullshit Guide To Going From Zero Dollars In The Bank To 6 Figures On Amazon

Filed Under: Amazon FBA, Debt, Mindset, Money, Reselling, Success, Ungating

How To Start An Amazon Business If You’re Really Short On Funds

July 29, 2023 By Alex Hyun Leave a Comment

If you are starting from $0, you might not have the luxury to purchase a lot of equipment, or any at all in order to start your Amazon business.

I’ve created a list of tools that I personally use for my Amazon business.

While many items on that list are nice to have, they are by no means necessary in order to get started.

In this blog post, I will be talking about how you can bootstrap your business with limited funds.

[Read more…] about How To Start An Amazon Business If You’re Really Short On Funds

Filed Under: Amazon FBA, Shipments, Supplies, Ungating

How I Went From Having $0.63 To My Name To Selling $300K On Amazon In My First Year

July 25, 2023 By Alex Hyun Leave a Comment

I dropped out of business school in 2016 and don’t even have a college degree.

I failed at multiple businesses and even had to work at Target to get out of debt after failing at Shopify dropshipping.

After dropping out of college I was so broke that I couldn’t even afford a $3 Cheesesteak from the mall.

I remember having 63 cents to my name and wondering if I made the wrong decision.

[Read more…] about How I Went From Having $0.63 To My Name To Selling $300K On Amazon In My First Year

Filed Under: Amazon FBA, Reselling, Success

How To Guarantee Sales On Amazon

June 26, 2023 By Alex Hyun 1 Comment

I get asked this one question all the time by people who are interested in selling on Amazon.

It’s a completely understandable question that even I wanted to know the answer to before I began my store.

If you are selling products on Amazon, how do you actually make sales?

How do you ensure that people choose to buy from you over the countless other sellers that are also on the platform?

How can you compete against a giant such as Amazon itself?

The answer is quite simple.

[Read more…] about How To Guarantee Sales On Amazon

Filed Under: Amazon FBA, Keepa, Reselling

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