Episode 217 : He Quit Amazon for This Live Selling Platform (Whatnot)
I've been selling on Amazon since 2015, and one platform I keep seeing sellers add on is Whatnot, a live auction platform where you sell to customers in real time. I sat down with Vernon Johns, a member of my Legends community, who went from a 50k to 70K a month Amazon business to going all in on Whatnot with his family.We get into the honest pros and cons of Whatnot vs Amazon: the cash flow cycle (Vernon gets paid in 3 to 4 days instead of Amazon's 60 to 90), no brand restrictions, what live selling actually takes, how he sources without Keepa-style data, and the real work behind fulfillment when you don't have FBA. These are Vernon's results and his experience, not a promise of what you'll do.Vernon shared two Whatnot links:👉 Buyer link (Whatnot gives you $25 to spend, no purchase required): https://www.whatnot.com/invite/namesyouknow👉 Seller link (Whatnot matches up to $150 of your first sales, time-limited): https://www.whatnot.com/invite/seller/namesyouknowThose are Vernon's referral and affiliate links, and the $25 and $150 offers come from Whatnot, not from me.Amazon sellers and eCommerce entrepreneurs over $5k per month in sales:If you're ready to scale your Amazon business to new heights, APPLY HERE to join the Business Building Legends community: https://www.askjimmysmith.com/legendsNot there yet?If you're just starting out or earning less than $5,000 per month on Amazon, YOU are why I make all my best resources FREE. I have nothing to sell you. Access my FREE 30-day training and other tools here: https://www.askjimmysmith.com/freetrainingChapters:0:00 Introduction to Whatnot and Vernon Johns1:54 Exclusive Buyer and Seller Deals2:43 Vernon's Transition from Amazon to Whatnot6:15 Comparing Profitability: Amazon vs. Whatnot9:30 Deciding What Products to Buy and Sell11:33 The 4-Day Cash Flow Cycle14:27 Shipping, Returns, and Refund Policies19:17 How to Attract Customers and Scale Your Shows21:38 Pricing Strategy: Bidding and Minimums24:41 Auction Formats and Shipping Bundles28:24 Equipment and Supplies Needed to Start32:54 Best Schedule and Times to Go Live36:30 The Quick Listing Process on Whatnot38:05 Sourcing Strategies for Profitable Inventory42:56 Whatnot Account Health vs. Amazon43:39 Exploring TikTok Live and Scaling Your Business45:35 How to Host a Successful Live Show48:55 Key Tips for Succeeding on the Platform52:00 The Importance of Choosing a Niche54:30 Sourcing Tips for BeginnersOther eCommerce Training and Business Building Links:Free Amazon Facebook Group:https://bit.ly/mstgroupThe Proven Amazon Course:https://bit.ly/paccourseeBay Training Community:https://treasurehuntingprofits.comAmazon Coaching (affiliate):https://bit.ly/jimcockrumcoachingeCommerce Accounting Services:https://ecommerceaccountingllc.comAffiliates and Discount Links:Aura Repricer:https://www.askjimmysmith.com/auraDisclaimer:While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me, can guarantee your results!#Whatnot #LiveSelling #AmazonFBA #EcommerceBusiness #SellingOnline