Profitability for the Specialists with Kaman Cheung

 

Show Summary

Kaman owns an amazon seller business where he sells different products from golf items to toys. His business is implementing Profit First and Mike Michalowicz gives Kaman a few strategies to increase profitability, also explaining that cutting costs can only get you so far; there’s only a little bit of cost cutting that can be done effectively before it hurts the business… but there’s an opportunity in Kaman’s case to become  specialist. We also share a really unique strategy to start capturing emails of people who buy through the amazon platform. Welcome to Episode 97 of the Profit First Podcast!

 

Our Guest

Kaman Cheung

My name is Kaman (pronounced “Common”) Cheung.  I started my Amazon business full-time in January of 2015.  I do a mix of Private labeling and Retail Arbitrage with a mix of Online Arbitrage and Wholesale.  In my first year I did $100,000 in sales but then I looked at my P & L and it was a bit sad.  I heard of Profit First through my mentors Robyn Johnson and Rochelle Sanchez.

 

Show Links

Website:  www.CaddieElite.com

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Corporate Partners

Receipt-Bank – Software and service to make the gathering, storage & processing of bills, receipts and invoices as easy and as cost effective as possible for businesses.

Nextiva – VOIP phone providers for small businesses.

Fundera – Single source online funding for entrepreneurs. Also offers an adviser program for CPAs, bookkeepers and business coaches.

Fundbox –  The simplest and fastest way to fix your cash flow by advancing payments for your outstanding invoices.

Comments

1 thought on “Profitability for the Specialists with Kaman Cheung”

  1. Hi Mike,
    Been listening to the podcast. Some great info.
    I have just started using profit first. I am based in the Uk and would love to give you a perspective from the fitness industry.
    I’ve been building my business for 3 years now after being made unemployed.
    Thanks
    Tony

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