In this podcast, I interview experts in various fields and break down ideas and their expertise into clear, actionable steps for growth.
In this Episode, I sit with Nivetha Muralidharan. I talk to her about
* How ecomm works
* How you can generate profits from selling on amazon
* What is the right mindset to have if you want to sell on Amazon.
and much more.
Chapters:
00:00 - Introduction
01:32 - About Nivetha
02:53 - What is Ecommerce?
04:25 - Pros and Cons of Ecommerce
06:28 - What You Need to Start Selling on Amazon
08:12 - Manufacturing Units: Not a Necessity
09:14 - Tips for Choosing the Right Product
10:24 - Importance of Product Selection
11:49 - Where to Store Your Products
13:31 - How to Choose a Good Supplier
15:34 - Concerns About Suppliers Copying Products
18:42 - Cost of Selling on Amazon
21:55 - Startup Costs for Selling on Amazon
23:07 - How to Make Your First 5 Sales
24:15 - Generating Organic Sales
25:14 - Customer Acquisition Costs
26:00 - Costing and Revenue Breakdown
28:35 - Branding Essentials
32:13 - Building Your Brand
34:40 - Optimizing Listings for Amazon
36:20 - Understanding Reverse ASN
37:00 - Pricing Strategies
39:10 - How Many Products to Order
41:50 - Product Launch Formula
43:00 - Pre-Launch Strategies
45:30 - Launch Strategies
46:30 - Key Metrics to Monitor
48:15 - Managing Customer Reviews
51:00 - Ethical Review Practices
52:30 - Handling Negative Reviews
53:39 - Key Takeaways
54:25 - Planning for Restocks
55:22 - Expanding Your Product Line
58:00 - Common Mistakes New Sellers Make
01:03:00 - Potential Profits
01:06:44 - Action Steps from Nivetha
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I'm Srinivas Vakati. I am a chartered Accountant by qualification. Reading books and teaching what I know is my passion.
I Help Service Providers & Agency Owners (Who Have A Team Of At Least 3 People) Set Up Scalable Systems And Processes So They Spend 80% Less Time In Day-To-Day Operations And More Time Getting New Clients. (More profits, More Freedom, More time with family, Onboard and Train employees faster)
If you’d like to talk, I’d love to hear from you. Email is the best way to reach me. if you want to ask or discuss anything relating to business systems and process, email me at [email protected]