eCommerce Momentum Podcast

eCommerce Momentum Podcast

By eCommerce Momentum PodcastBusinessEducation
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eCommerce Momentum Podcast episodes

  • 062 : David Hawkins - Mastering road travel as a couple - Finding the balance between work and a great life. (Hint- she keeps him on track for sure!)

    Could you spend 3 or 4 weeks on the road with your spouse? David is a very successful seller who along with his wife, Ivy and their faithful dog: Mary Carol, travel throughout the US searching for incredible Retail Arbitrage deals. Guess what they find them! Noteworthy though this is a couple who know how to plan, and more importantly they know how to take ACTION (most will not!). We spend some time talking about finding ways of staying healthy on the road and he is quick to credit Ivy for finding healthy food and places to exercise. I think this has been a critical component of their success, it helps with stamina and helps keep the grind to a minimum. We also spend some time talking about sourcing in Hawaii and the challenges that brings, and how to overcome it!

     

    56 min
  • 061 : Dave Matthews – Scaling up a large eCommerce business with Partners – Great lesson on how to do it (Hint: it involves respect!)
     

    I love many things about this interview: First and foremost the way Dave respectfully talks about his partners, even after 4 years! The rarity of the consistent success over time shows the maturity of their relationship. What a great way to go to work everyday, they have figured out each others strengths and more importantly, they allow each other to play out their strengths for the best possible outcome. Wow, what a great lesson for us all. Again allow each to play out their strengths both at the management level and the employee level! We spend a lot of time discussing the liquidation model as it relates to Amazon specifically and then how that works with eCommerce and retail. Great detailed information here.

     

     

     

    Dave mentions:

    Daves Facebook Contact

    Under The Sun Retail Store



    Quotables:

    "It is cool getting involved with others that have similar interests"

    "Promotions allow for customer retention in the liquidation business, people love the hunt, they never know what they will find"



     

    Golden Nuggets:

    Find someone who has created a product and help them bring it to the eCommerce Market

    Realize that there are others that can do some of what you do even better than you. (It is hard to do!)
    0 min
  • 061 : Dave Matthews - Scaling up a large eCommerce business with Partners - Great lesson on how to do it (Hint: it involves respect!)

    I love many things about this interview: First and foremost the way Dave respectfully talks about his partners, even after 4 years! The rarity of the consistent success over time shows the maturity of their relationship. What a great way to go to work everyday, they have figured out each others strengths and more importantly, they allow each other to play out their strengths for the best possible outcome. Wow, what a great lesson for us all. Again allow each to play out their strengths both at the management level and the employee level! We spend a lot of time discussing the liquidation model as it relates to Amazon specifically and then how that works with eCommerce and retail. Great detailed information here.

     

    53 min
  • 060 : Bob Steele – Part Time Seller (with an advantage) with more than Full Time Results, and of course having a job and a business is not enough so he helped launch a sourcing group!
     

    Bob is laid back, comes across as no worries, I can handle your stress (Since he doesn't carry his own) successful seller. He has a full time job for a company he has worked for 30+ years and it gave him a well-earned advantage: He knows how to buy... He is a purchasing manager. Guess what we all bring something unique to this business and in Bob's case he brings a great skill. Bob has built an almost seven figure business out of his house part time. So if you know someone who says they are too busy, they have too much going on, you wouldn't understand the stress I am under type of person...Bob would tell them to talk to the hand, he has earned the right to make excuses...but guess what...not happening! put your head down and do the work!

     

     

    Bob mentioned:

    Elite Product Sourcing- Providing Actionable Product Finds For Resale on Online Marketplaces

    Bob's contact info

     

    Quotables:

    "No matter how much money you spend trying to get your own site visibility, you can never come close to Amazon's reach!"

    "My business was suffering as I couldn't get the piles processed fast enough"



     

    Golden Nuggets:

    One of the ways I really grew my business was moving to a prep center 

    Before you move to a prep center, ask what vendors will not ship to them! (some won't ship to a reseller prep center)
    0 min
  • 060 : Bob Steele - Part Time Seller (with an advantage) with more than Full Time Results, and of course having a job and a business is not enough so he helped launch a sourcing group!

    Bob is laid back, comes across as no worries, I can handle your stress (Since he doesn't carry his own) successful seller. He has a full time job for a company he has worked for 30+ years and it gave him a well-earned advantage: He knows how to buy... He is a purchasing manager. Guess what we all bring something unique to this business and in Bob's case he brings a great skill. Bob has built an almost seven figure business out of his house part time. So if you know someone who says they are too busy, they have too much going on, you wouldn't understand the stress I am under type of person...Bob would tell them to talk to the hand, he has earned the right to make excuses...but guess what...not happening! put your head down and do the work!

     

     

    1 hr
  • 059 : Agus Purwanto – Young Gun # 4 – New Seller finds a way to get onto an experienced team! Hint…It includes the words: Making a real Contribution!
    Agus is a hyper-focused, high-charging, work until successful seller who has found his calling. He has grown his sales 6x this year and he is quick to give credit to the "Young Gun" group of Six and his ability to lean on them when he needs it. How many of us have a real group of friends, who love what you do as much as you do? How many of us have a group of friends willing to challenge your whining and complaining in order to help you pull yourself out of the funk? How many of us have truly given without expectation? Really given? I love the way Agus tells us how he was able to contribute, even as a newbie, but before he contributed, he made sure he was right! Not just vocal! How many times have we all seen this.

    Another thing Agus spends time on is investing in his education. He got coaching, he read books, he watched videos, etc.... As Mitchell Lipp would call it: "You have to buy time in this business!"

     

    Agus mentioned:

    Fast Turns Coaching with Duane Malek - Coaching for Amazon's FBA

    Connect with Agus

    Duane Malek's Interview

    Karen Isgur-Bergsagel

    Matt Kelly's Interview

    Mitchell Lipp (aka Harvey Spectre)'s Interview

    Todd Forster's Interview

     

    Quotables: 

    "Don't grow quickly, as growing quickly requires debts, and debts can (will) get you into trouble"

    "Hate to tell you, there is no shortcut, invest in RA when starting"



     

    Golden Nuggets:

    Invest in your education: Books, courses, coaches, and most importantly meetups and conferences!

    Shipping everyday will make the difference to your business.
    0 min
  • 059 : Agus Purwanto - Young Gun # 4 - New Seller finds a way to get onto an experienced team! Hint...It includes the words: Making a real Contribution!

    Agus is a hyper-focused, high-charging, work until successful seller who has found his calling. He has grown his sales 6x this year and he is quick to give credit to the "Young Gun" group of Six and his ability to lean on them when he needs it. How many of us have a real group of friends, who love what you do as much as you do? How many of us have a group of friends willing to challenge your whining and complaining in order to help you pull yourself out of the funk? How many of us have truly given without expectation? Really given? I love the way Agus tells us how he was able to contribute, even as a newbie, but before he contributed, he made sure he was right! Not just vocal! How many times have we all seen this.

    Another thing Agus spends time on is investing in his education. He got coaching, he read books, he watched videos, etc.... As Mitchell Lipp would call it: "You have to buy time in this business!"

    1 hr 2 min
  • 058 : Todd Forster – Taking on Retail Arbitrage Head on – 3rd interview in our Young Gun Series – Where Group think means Success!
     

    Todd has clearly taken advantage of what he has learned from the Young Gun Group. Don't let his quiet style fool you, he is studying, plotting and planning to take full advantage of the new learning he has done in his group. He too credits the relationships and the team approach (understand they are still competitive with each other) as taking his business so much further than he could ever think of on his own. I think Todd does a great job explaining why the Mastermind Group works so well. Again, give without expectation! Also he makes a great point that the six of them are experts in different things and that then makes them ALL experts in those other areas since they work together. You get to jump to the front of the line with the help of a strong Mastermind Group!

     

    Todd Mentioned: 

    Scanpower 

    Todd's Facebook

    Duane Malek's Interview

    Karen Isgur-Bergsagel's Interview

    Matt Kelly's Interview

    Mitchell Lipp (aka Harvey Spectre) Interview

    Quotables:

    "Everyone has their good times and down times, a strong Mastermind group helps you even out those down times!"

    "You win some and lose some, it's all in what you are comfortable buying"



     

    Golden Nuggets:

    I stopped shipping mid December and did not get stuck with the inventory I did last year. Look at Premium placement from that point to help get inventory into the warehouses to sell.
    0 min
  • 058 : Todd Forster - Taking on Retail Arbitrage Head on - 3rd interview in our Young Gun Series - Where Group think means Success!

    Todd has clearly taken advantage of what he has learned from the Young Gun Group. Don't let his quiet style fool you, he is studying, plotting and planning to take full advantage of the new learning he has done in his group. He too credits the relationships and the team approach (understand they are still competitive with each other) as taking his business so much further than he could ever think of on his own. I think Todd does a great job explaining why the Mastermind Group works so well. Again, give without expectation! Also he makes a great point that the six of them are experts in different things and that then makes them ALL experts in those other areas since they work together. You get to jump to the front of the line with the help of a strong Mastermind Group!

    50 min
  • 057 : Mitchell Lipp (aka Harvey Spectre) – Young Gun # 2 – Over $2,000,000 in sales last year out of his house – Scale is where you make it??
     

    My first takeaway from Mitchell was that he did over $2,000,000 and has failed (in a good way) to take on a personal warehouse. I think he has made me rethink some fundamentals (mine) and self-imposed limits I have. Now he does use a Prep company and credits them with allowing him to scale to the exceptional level he has. He still is a heavy RA buyer (really heavy in the 4th quarter!) and he and two others move mountains of material, so look really hard at whether you really need (or is it just nice to have) a warehouse before you pull the trigger. Mitchell might suggest it is a little premature and put your money into more inventory!

    This group of younger, newer sellers really has a bond, almost like they move in sync - as one, so take what you can from each of these interviews and think whether you should consider a group of like-minded sellers and more importantly can YOU add value to their business without expectation? That's when you hit the sweet spot!

    Mitchell mentioned:

    Mitchells Facebook

    Inventory Labs - We have ambitious goals for InventoryLab. We want to deliver the best product in this space. Our CEO is an Amazon seller like you and this all came from his need for something better. We are committed to getting better and evolving with your needs. Our job is to deliver the best possible experience to you--our end user.

    Scanpower - Source. List. Sell. Better. The principles of online selling are very simple. Find stuff to sell (source), offer it online (list), and find a buyer (sell). Then repeat again and again. Selling online has truly never been easier. Pretty much anyone can source products to sell and start selling them online. If you are new to selling online, here is the place to get started.





     

    Scanner Monkey -  A Scanner Monkey is someone who is BANANAS for selling online. We are constantly learning and growing. Scanner Monkeys support each other, have fun, & make money!

    Duane Malek Interview

    Karen Isgur-Bergsagel Interview

    Matt Kelly Interview

    Quotables:

    "Me, Matt, Todd and Agus really don't have an off switch! We tend to always clear the shelves!"

    "I never understood the importance of buying time until I started in this business"

    "Amazon is the ultimate meritocracy" Karen Isgur-Bergsagel

    "With Amazon, there aren't any shortcuts and if there are any, they come much later in your business"



     

    Golden Nuggets:

    When you hit the $30k mark, don't quit your day job, hire some help in the pinch points of your business, then get wider with your categories, get wider with your product lines and reinvest for as long as you possibly could.

    You gain in profit by processing efficiently, buy in higher quantity and process all, then you get the advantage of lower processing costs.
    0 min

About eCommerce Momentum Podcast

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Ecommerce MOMENTUM is a podcast created for you, the Amazon, Ebay, Shopify seller, or the Next Great eCommerce seller! We are here to help you understand how the top successful ecommerce sellers today…