eCommerce Momentum Podcast

I get that this episode title is a shocking statement. But it is true! Eddie and his partner have figured out how to leverage a partnership coupled with risk and some much needed intelligence to create such an opportunity! The best part is you can still be a great guy and help many others along the way.

Mentioned:

eCommerce with Eddie

 

One this for sure is that change is going to happen faster on the Amazon platform. Karen Locker and her staff of nine deal with it everyday. Just when one thing settles another pops up. How do you as a busy seller, manage and keep track of these changes? Most don't, and that's where the root problem starts. We talk about stranded inventory, what causes it and why you can't fix it sometimes. We talk Ebay as a "B" plan and why that makes sense. Also it can be done without you touching the inventory.

Quotables:

"You are either building a business or you are building an Income"

Karen's Facebook Link

Karens Interview Episode #52

Solutions 4 Ecommerce -

She also gives us both a discount and a free Inventory Health evaluation if you sign up for her services. Take $49.00 off the regular price of $299.00 a month

Nathan and I have tried hard to get this interview done. As a matter of fact this is a second start as my computer failed in the first attempt.Guess what the problems continued in this episode. I believe I have saved and edited my way to a really good interview. Please be patient as I work through this. Nathan is a smart guy who fixes a problem for himself that others now get to use.

 

Mentioned:

Rev Seller - Get $20.00 off your first full year (Get the extension for $79.00)

Use code Momentum20

Reach out to Nathan 

 

Quotables:

"Build systems over setting goals"

"Make a better decision"

Greg is a great example of leveling up and out a lifestyle business. He pursues what the market is missing, he wants to be what the market is looking for. Great lesson here in how to create a business in a busy market, listen to what people are asking. Simple! His Seller Essentials (he does have partners) has made it to the number one spot on Google for several Amazon FBA related searches. That's not easy, that takes effort and focus. Greg fights the shiny object syndrome like the rest of us, but the difference is, he has proven you can fight through it.

 

Mentioned: 

Gregs background interview- Episode #002

Essential Daily Deals

My FBA Team - How to Hire/Train/Retain your team!

Seller Essentials

Essential Wholesale & Liquidation

Greg's Facebook Contact

 

Questions- From Essential Wholesale & Liquidation

Q- I want to start buying wholesale pallets. Are there any requirements other than having money?

Q- I am looking for pallets or truckloads of MRE's. Is there anyone selling any here?

 

James Harbal has built himself an interesting model where he uses current search data married with the historical data he has been saving to give you an opportunity to improve your listings. We all know great pictures and great information sell the product but you have to be found and James' tools can help you do just that. I also see an opportunity to apply these words to other platforms as you can assume customers are likely searching those for similar products. Great foundational information to be learned in this interview.

 

Mentioned:

Scanpower- The all-in-one system for FBA listing & selling

Keyword Inspector

 Youtube video mentioned- Reverse Asin Tool

 

 

 

What Greg is means when he says build a "Bus Proof" business is to build a business that keeps going if you were hit by a bus! This graphic illustration is done to wake you up, because bad things happen to good people! It is a shock phrase because as Greg says you have a lot of other people relying on you and your business and it needs to survive you. Makes perfect sense. So is working on your business possible while you are trying to grow it? We talk about that, we also talk about succession planning, reducing touchpoints and investing in your people. Greg has a group, a laboratory of sorts where you can focus tried and true and new and exciting changes, tweaks, and 180 degree changes with other like minded sellers. A "Safe" place where you can share your ideas experiment safely and have input with others.

 

Mentioned:

Busproofbusiness.com

Greg's First Interview

Brian Young's Interview (Greg's partner in Busprooflabs)

 

Quotables:

"What is it only you could do?"

 

Questions from FBA Wholesale Community

 

Q- What's the record low cost you have seen for LTL? (The answer will surprise you) 

Q- Does high rank on Amazon mean a good thing or a bad thing?

Q- What is the core competency that you look for in successful employees? 

Christos Georgakis is only a part time ecommerce seller yet he puts up mega-seller+ numbers. He credits systems and outsourcing for his success. I would add he knows what he is doing and understands the cost of capital. One comment by Christos might throw you a bit, about looking at less capital intensive models versus Amazon FBA. But again he understands the cost of capital in business and explains it well. We talk Online Arbitrage, Wholesale and the difficulties of Private Label.

 

Mentioned:

 

Retail Arbitrage Book by Chris Green

Michael Goldberg's Photo & Listing Services

Wholesale Sourcing System - from Dan Meadors, Eric Lambert

Christos Facebook Contact

 

Jeff Cohen is everywhere. A few weeks ago he was in China, talking to Amazon Sellers, then in Nashville, then off to Austin Texas. As I said, he is everywhere. When he talks people listen because Jeff talks to more Amazon sellers than anyone. He knows what is working, what is not working and ways you can improve your business. Luckily you can meet him, Andy Slamans, Liran Hirschkorn  one day prior to eCom Chicago in October. The bad news is they are only allowing so many attendees and as of this recording they were more than halfway full. So if you want to dip your toes into the Private Label field then this is the event for you.

Mentioned:

Sellerlabs- Feedback Genius

Jeffs Facebook

Jeff's Linkedin Account

Questions from FBAMaster Group

Q- Should I modify an existing listing or create a new one when i want to create a bundle from a few products?

Q- If you source from a store and the item has a price on it, should I cover the price?

Q- Should I try to get 4 Star feedback removed or let them stay as is?

 

 

Dang Le's story is one that will make you pause. It will make you rethink the challenges, the difficulty and the complaining in your life. You will realize that your situation could have been worse, there always is someone with bigger challenges. We talk that once you accept the worst of a situation, it can only get better. Get ready to think of some new angles to you business from an arbitrage expert.

Mentioned:

Karen Isgur Bergsagel

Dang's Facebook Contact

Grit - Angela Duckworth

 

Quotables:

"Experiences are the new Luxury" 

"Get off Facebook and do the work"

 

Mark is such a warm and likable individual. Partner him up with Robyn and they are a power couple in the meetup world. Everyone knows Bubblefast their shipping supply company, but did you know they are also large eCommerce sellers? We spend time talking all things shipping supply related, eCommerce selling and most importantly the power of meetups! Ecom Chicago is right around the corner and what a cool twist there is this year.

 

Mentioned:

Marks interview #14

eCom Chicago

Bubblefast.com ((877)-599-Ship)

Facebook Contact

 

Questions we answered: From Bob Wiley's Amazon FBA Newbies Facebook Group

Q- Can someone explain what Q 4 is? And what happens that is different?

Q- Do you MF or FBA only in Q4?

Q- Do you use Joelister or similar multi-channel software?