243 – How Much Should You Pay Yourself in Your Amazon FBA Business?

This podcast episode celebrates the fifth anniversary of the hosts and explores the topic of how much one should pay themselves in their Amazon FBA business. The episode emphasizes the importance of reinvesting profits into inventory, expert training, and tools to increase the chances of making more money. It also provides specific steps to gradually increase the percentage of profits taken as a paycheck and discusses the process of paying oneself while growing an Amazon business. The importance of finding a part-time job and reinvesting in the business is highlighted, along with the role of the replens model for a steady stream of inventory. The episode concludes by inviting listeners to join the next episode's discussion on whether or not Amazon is a get-rich-quick scheme.