Change is inevitable in any business. And sometimes, in order to grow, you have to let go. You need to let go of things that are no longer serving your growth, whether that’s in your Amazon business or life. That’s a key insight from Lori Tomonto, a savvy entrepreneur who has had so much success not only with wholesale bundling on Amazon but also in her other businesses. But to find the freedom and prosperity she enjoys today, she had to make one critical decision in her business.
Lori joins me today to share how she began her flea market business and her experiences while running it. She discusses how she started selling on Amazon and why she decided to change her online business model from retail arbitrage to wholesale bundling. She shares her recommendations on wholesale bundling and reveals the benefits of focusing on niches when doing so. She also shares her “time-money” scale, the challenges she faced in her Amazon business, and her advice to people who want to find success in their life but are afraid of change.
“You’re not going to be good on Amazon if you’re trying to do too many. If you want success with bundles, you have to pick a niche.” - Lori Tomonto
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Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with Amazon expert and your host, Kristin Ostrander. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Use the codeword #Lori to join us on Facebook. Each week, Kristin hosts a live discussion on how to grow your Amazon business. Don’t forget to check out our website and subscribe to our mailing list for even more resources.