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Prime Day has come and gone. Now, it's time to pull up our stats and see how we fared.
In today's podcast episode, Dave and I do an apples to apples comparison of earnings over a week-long period, beginning on July 9th.
In Amazon US, my products had a 158% uptick on July 16 to July 17 (actual Prime Day) compared to the same days during the previous week. Dave got a 160% uptick for his products on the same dates.
The disparity between our numbers was greater in Amazon CA. Dave got a 788% uptick in his product sales, while I had 74%. The Canadian obviously had home advantage.
Dave, who has never tried running a Prime Deal (and probably never will), believes that it is better to just "ride the Prime Day wave" because you are going to get a sales boost even without a deal.
The numbers we came up with are providing substantial evidence to support this. While the item that we had a Prime Deal for predictably sold a lot, it would still have done well without it, and we wouldn't have needed to subtract the cost of being able to participate in the Prime Day in the first place.
Useful Resources:
MyEcomcrew
5 Minute Pitch
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
An ecommerce seller's journey is rarely a smooth one. If you've been a regular podcast listener, you would have heard me talk about Amazon suspending one of our best selling products. In this episode, I'm going to share more about that particular experience.
A couple of weeks ago, our ColorIt gel pens were randomly flagged as hazardous materials, even though we've sent the documentation well in advance to prevent this from happening. I won't go into detail here about the events that followed (that would be giving too much away) but suffice it to say that they were maddeningly frustrating.
Through this experience, I've come to reflect that there's a greater need to balance our business off of Amazon. Because at the end of the day, we can't expect them to lift a finger on problems like this (even if you're a million-dollar seller) if it doesn't affect their bottom line.
Finally, I'd like to clarify that this is not me telling you that we're hating on Amazon, but rather a cautionary tale to other ecommerce businesses disposing of their inventory on this platform.
Useful Resources:
MyEcomcrew
Importing From China Webinar
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
It's the middle of July. Man, where did the year go? So much has happened since I last gave you guys an update in April so this one is due.
The last couple of months have a been marred by struggles. However, our wins definitely rank higher than our struggles. As a company, I'd say we are in a good place and poised to be in an even better one before the year is out.
So, let's get to it. Here's a status update for each of my 18 goals in 2018.
If you haven't been keeping up with my previous updates, here are the other podcast episodes to listen to.
My 2018 Goals
2018 Goals Quarterly Goals
Other Useful Resources:
MyEcomcrew
Importing From China Webinar
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
Hey, it's Dave filling in for Mike. In today's podcast, I'm going to talk about my stint at Amazon last year.
In January 2017, I got hired as a picker at one of their oversize FBA warehouses in Vancouver. I worked for 8 hours and was paid CA$13.75 an hour. I had originally intended to work there for two weeks but had to cut it short to a few days.
Still, it was more than enough time to have a good idea of what goes on inside these warehouses and what it's like to work there.
Here are 5 important takeaways from my time there.
1. Different sized items are sent to different warehouses.
Amazon has warehouses specifically for storing standard items and oversize items. If you're importing products from a Chinese manufacturer, it's best to ship only one-size items at a time. This prevents them from getting sent to different warehouses.
2. Amazon sells a lot of diapers and TVs.
There was a staggering amount of TV sets and Pampers boxes at the warehouse I worked in.
3. Amazon has the ability to handle any item you can throw at it.
Don't worry about shipping your oversize products through Amazon. They'll find a way to pack and ship to your customer securely.
4. There is no conspiracy to lose your stuff.
Amazon doesn't intentionally lose your orders. It's more likely that the warehouse it's shipped from doesn't have a reliable way of organizing all the products going in and out. At our warehouse, the apparent lack of this system caused an item or two getting misplaced ever so often.
5. Peak fees are a result of peak rates.
Amazon often has a harder time getting people to work in their warehouses during busy seasons like Christmas. So, they lure prospective employees with higher rates. This added expense is passed on to business owners, which explains why FBA fees are steeper at certain times of the year.
For a more detailed chronicle of "Dave the Amazon Warehouse Picker", check out my blog post here.
Useful Resources:
MyEcomcrew
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
This one definitely made my day.
It is really rewarding to be able to help someone grow and improve their ecommerce business. And in this episode, I got to experience just that!
I recently caught up with David Wilson to see how his ecommerce business is doing. If you guys can recall, David was struggling with a plateauing business when we talked to him last year. In parts 1 and 2 of this Under the Hood series, we discussed a couple of strategies that could help his online enterprise get out of that slump.
It's been six months and, I'm happy to report that his situation has definitely improved. From steady revenue of $10k month after month, David's ecommerce business is now inching closer to that $20k goal.
Here are the things that helped bring about this upward turn.
1.Improving Amazon listings by adding these elements:We also had a good discussion about what David can do to continue on this trajectory. Here's what we covered.
Other Resources Mentioned:
Under the Hood
MyEcomcrew
July 18 Webinar: Importing from China Like a Pro
Amazon Early Reviewer Program
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
Is email marketing dead?
I certainly don't think so. Email marketing is responsible for generating about half of our company's revenue.
Fortunately, my guest on today's podcast shares the same sentiment.
In this episode, I'm talking to Xiaohui or better known as "X". He's an industry expert, who along with his team of email marketing specialists, are helping ecommerce businesses reap the benefits of an expertly crafted email sequence.
And email sequences are at the heart of this episode. X identified the top 3 types that ecommerce entrepreneurs should be aware of. We've listed them below.
1. Abandon Cart SequenceThis sequence is defined as a welcome sequence specifically for prospects. When done properly, it has proven to be very effective for generating additional email addresses. It propels the prospect forward in the email sequence and eventually results in revenue.
The prospect nurture sequence often uses intelligent pop-ups that offer value to the recipient instead of just plain 'hard selling'. Tried and true incentives tend to work best in this type of email sequence. A sequence is typically made up of 3-5 emails.
This email sequence targeted towards people who have become customers.
X also touched a bit on the win-back sequence and offered tips on how to use it to get customers back and still manage to make a conversion in the process.
Other Resources Mentioned:
Essence of Email
MyEcomcrew
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
Creating a great launch strategy is key to being successful on Amazon. I interview an experienced Amazon PPC specialist who grew his entreprise into a seven-figure business through an Amazon launch strategy that played to his strengths and utilized some of the most helpful resources found on the platform itself.
Chris Nowak is the founder of My PPC Pal, a tool that helps ecommerce business owners get on top of their PPC campaigns. In this episode, he talks about his own Amazon launch strategy and how it can help put your brand and its specific products out there.
Once the products have been ordered, he prepares the content that goes into his listings. He employs the services of a professional copywriter to write the titles and product descriptions. A professional photographer is also brought in to shoot high quality product images.
Here are the specifics steps for Chris's Amazon launch strategy:
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
Ah...contests and giveaways. We now know that these are brilliant ways to increase interest in the brand and consequently boost sales. I remember the first giveaway we did for ColorIt back in the day. It was $600 dollars worth of product costs plus a couple of thousand for running Facebook ads with a massive 400 percent return on ad spend.
In today's podcast, I'm joined by Steve Chou and Toni Anderson. Each one successful in their respective ecommerce businesses but are both involved in an annual ecommerce workshop called the Sellers Summit.
I've spoken at this event on a number of occasions, sharing the tips and techniques, which have helped me to succeed in my own business, to people at various stages of their ecommerce journey.
Steve and Toni's latest joint venture aims to expand on the effectiveness of contests and giveaways as a marketing tool for ecommerce sellers. Go Brand Win is a free service that partners with ecommerce brands "to offer enticing giveaways and offers for unique products and services."
Go Brand Win allows ecommerce businesses with the same vertical to collaborate in one massive giveaway and reap the benefits of having a fresh list of potential customers to add to their existing mailing lists.
Here's how you can participate.
Other resources mentioned:
MyWifeQuitHerJob.com
The Oil Collection
ColorIt
Tactical
Thanks for listening to this episode! If you have any questions or comments, feel free to leave them below. Happy selling!
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