Podcast Episode 243 – How Much Should You Pay Yourself in Your Amazon FBA Business?
As we all engage in the practice of selling on Amazon to generate income, one of the crucial questions that arise in the early stages of your FBA venture is, “When should I start compensating myself from the business? And what should be the appropriate amount?” In this episode, we delve into strategies for addressing this query, ensuring that you not only benefit financially from your efforts but also have sufficient funds to reinvest and expand your enterprise. Additionally, we celebrate our 5th anniversary of podcasting on The Full-Time FBA Show this week!
Key discussion points in this episode include:
– Determining the optimal time to begin paying yourself from your Amazon FBA earnings
– Calculating the appropriate salary to draw from your business
– Considering how your employment status (unemployed, full-time job, part-time job) impacts the decision
– Evaluating the impact of the replens sales model on your ability to take a salary from your business
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