The Foundr Podcast with Nathan Chan

170: Building a Multimillion-Dollar Startup on Amazon Sales, with Jungle Scout’s Greg Mercer


Listen Later

Greg Mercer built an entire lifestyle business without having to build his own products, distribution network, or even an online store.

Instead of creating his first business from scratch, Mercer took advantage of the tools around him and started selling products on Amazon. It worked, to the point that he and his wife were both able to quit their jobs and start traveling the world. He had achieved the dream that so many of us are working toward, all by cleverly riffing on an industry giant.

Within two weeks, though, he was bored. Fortunately for us, Mercer's next project is helping others find similar success.

Selling everything from wrist braces to cages for tomato plants, Mercer realized he had stumbled upon a proven formula. A formula he could use over and over again that allowed him to find products people wanted, sell them on Amazon, and turn a significant profit. The next step was obvious.

Mercer built a tool called Jungle Scout, which allows other ecommerce entrepreneurs to find opportunities to make money on Amazon. Despite having limited himself to a budget of only a thousand dollars, having absolutely no coding or technical experience, or any experience in the software business, Mercer hacked together Jungle Scout, his first bona fide startup.

After starting out as a complete novice, Mercer began learning on the job, and despite encountering some classic hurdles and mistakes, has found himself at the head of a fast-growing company.

In this episode, you'll learn:

  • Mercer's strategy that anyone can use to make a profit on Amazon
  • What every ecommerce entrepreneur should be aware of when selling online
  • How to build a SaaS from scratch, with no tech skills
  • What to watch out for in ecommerce opportunities
  • How to build and manage a remote team that actually works
  • & so much more!
  • ...more
    View all episodesView all episodes
    Download on the App Store

    The Foundr Podcast with Nathan ChanBy Foundr Media

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    562 ratings


    More shows like The Foundr Podcast with Nathan Chan

    View all
    The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

    The Smart Passive Income Online Business and Blogging Podcast

    3,440 Listeners

    The GaryVee Audio Experience by Gary Vaynerchuk

    The GaryVee Audio Experience

    16,831 Listeners

    Capitalism.com with Ryan Daniel Moran by Capitalism.com

    Capitalism.com with Ryan Daniel Moran

    727 Listeners

    Shopify Masters by Shopify

    Shopify Masters

    379 Listeners

    Entrepreneurs on Fire by John Lee Dumas of EOFire

    Entrepreneurs on Fire

    3,827 Listeners

    Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

    Marketing School - Digital Marketing and Online Marketing Tips

    1,264 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    573 Listeners

    The Game with Alex Hormozi by Alex Hormozi

    The Game with Alex Hormozi

    4,457 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,484 Listeners

    My First Million by Hubspot Media

    My First Million

    2,653 Listeners

    The Startup Ideas Podcast by Greg Isenberg

    The Startup Ideas Podcast

    205 Listeners

    The UpFlip Podcast by UpFlip

    The UpFlip Podcast

    251 Listeners

    Build with Leila Hormozi by Leila Hormozi

    Build with Leila Hormozi

    926 Listeners

    Moneywise by Hampton

    Moneywise

    660 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    921 Listeners