033 : Randy Reynolds – Using a Portfolio approach to find the Optimal Inventory Mix and refocus his successful business
Randy’s education and experience have prepared him well for selling on FBA. His portfolio approach to managing inventory mix, his precise tracking, his investment strategy and his understanding of repricing are deeper than most other sellers I have spoken to. His focused, driven and most importantly calculated approach to process improvement are all lessons we can learn and Randy shares many of them for you to benefit from.
Randy mentioned: Online Sellers Academy, The List
Quotables:
“Look at your inventory as a portfolio and find the right mix”
“Don’t quit your day job until it costs you money to go to work”
“A repricer costs you a lot less than not having a repricer at all!”
“You have to let go of something, because you can’t do it all!”
Golden Nuggets:
Your time is your most valuable asset, pay someone when they can save you time.
Take a retreat each year to look back at your business and see what you can add, subtract and improve.
