Amazon

538: Seller Labs: Adapt, Transition, Scale, and Become Your Own Next Customer with Brandon Checketts

May 4, 2018

Brandon Checketts has a knack for entrepreneurship. Having created several multi-million dollar companies, including his current project Seller Labs, he has become a leader in the e-commerce SaaS industry. Starting as a weekend project in 2007, he created Bookscouter.com, which has become an indispensable resource for college students and small book businesses alike, as well as being a highly profitable company.

His most recent venture, AO2 Management, Powered By Seller Labs, provides SaaS tools for thousands of Amazon merchants, especially the popular Feedback Genius messaging tool. The company has shown extraordinary growth in 2015, with its clients completing more than 1 billion dollars in Amazon transactions last year, and is recruiting talent from across the United States. With some of Athens, Georgia’s most talented developers, Seller Labs offers customers a unique product that can’t be matched.

Quotes:                                                                                                                                   

“Find something that people will value, and find a way to provide value to your customers. You may not know exactly how to monetize it right now, but if it's valuable to them, you'll figure out how to monetize it along the way.” – Brandon Checketts

“A lot of times, people like to start a whole bunch of things but are very bad at finishing them.” - Brandon Checketts

“A lot of entrepreneurs don't understand or don't feel qualified to understand finances, but if you can look at a profit and loss statement, it can tell you how much money you're making or not making.” - Brandon Checketts

Takeaways:

04:54 Develop products by first becoming your own customer and solving your own business challenges.

12:26 Be ready to pivot your business when growth potential becomes limited in one area.

15:08 Build software tools that solve real problems and simplify complex tasks for your target market.

18:42 Use financial data and monthly profit/loss statements to make objective business decisions.

24:14 Start small and focus on providing clear value to customers, even if you're not sure how to make money initially.

Resources

450: Amazon Analytics and Amazon Optimization: Do E-Commerce Right, Run Your Business on Systems, and Make Data-Driven Decisions with Reed Menssa

November 29, 2017

Reed Menssa from Advanced Amazon Consulting is a successful Amazon and online physical products seller who has developed many software tools and systems to help other Amazon sellers succeed. Reed's AZoptimizer and AZanalyzer software has produced profitable results for every type of seller and can be used for any skill level. He is an expert in his field and loves to share his knowledge and experience with others to help them succeed. Reed's software and consulting businesses help increase profits substantially for thousands of online sellers, every year.

Quotes:                                                                                                                                   

“Data really drives this industry a lot. You should never be guessing, because that leads to uncomfortable situations where you have to then go back and try and figure those issues out.” – Reed Menssa

“I like to own my own thing. I like to be able to run it the way I want to run it, and I like not having to rely on someone else's good graces.” – Reed Menssa

“A lot of people have great ideas, but they don't know if it's actually going to sell or not, because they don't know where to look.” – Reed Menssa

Takeaways:

02:14 Accurate data is the backbone of successful Amazon selling, eliminating guesswork and reducing potential business risks.

12:13 Comprehensive product research means analyzing entire keyword pages, not just individual competitors, to understand market dynamics.

17:20 Using precise tracking methods like the 999 trick can provide real sales numbers, moving beyond unreliable best seller ranking estimates.

21:38 Amazon product indexing is critical - if you're not indexed for specific search terms, your product won't appear in relevant searches.

22:23 Successful business growth requires systematic approaches and informed decision-making, not random experimentation.

Visit AZAnalyzer to Claim Your Free Trial, Differentiation Worksheet & 30-Minute Skype Call

401: Jungle Scout: Search for Profitable Amazon FBA Selling Opportunities and Spy on Your Competition with Greg Mercer

September 19, 2017

Greg is the founder and CEO of Jungle Scout as well as a suite of other tools to empower Amazon sellers. When he's not working on the software side of things, he continues to manage and grow his physical product brands. Listen in as he explains what you need to do on Amazon in order to create the proper products, stay competitive and follow the trends in the fast-paced world of Fulfilled By Amazon e-commerce.

Quotes:                                                                                                                                   

“What I learned is that a lot of people understand how good of an opportunity selling on Amazon is, but most don't know where to begin or what they should start selling.” – Greg Mercer

“Technology is awesome. Just 10 years ago, big companies were probably spending tens or hundreds of thousands of dollars on market research studies, and now a normal dude can just go on Amazon, read bad reviews, and know exactly what's wrong with a product.” – Greg Mercer

“Most people go wrong on Amazon by choosing what they're going to sell based on emotions, gut reactions, or their passion.” – Greg Mercer

Takeaways:

04:04 Small improvements in product design can lead to significant market advantages and higher sales volumes.

07:36 Amazon's massive scale offers endless opportunities for sellers, even with increasing competition.

12:45 Successful product research involves analyzing competitor reviews, understanding customer pain points, and making strategic improvements.

17:34 Data-driven product selection trumps emotional or passion-based choices when entering the Amazon marketplace.

21:23 Tools like Jungle Scout can transform product research from a guessing game to a precise, data-backed strategy.

Resources

385: Sell on Amazon in Europe for More Traffic, More Sales, More Exposure and More Money with Marketplace Superhero Stephen Somers

August 28, 2017

Stephen Somers says that, when it comes to selling on Amazon FBA, you're leaving money on the table unless you're selling in Europe. You can mail inventory to the UK and enjoy listings in Amazon marketplaces like the UK, France, Italy, Spain. Stephen explains what you need to know about setting up your European business identity and VAT tax compliance.

Just imagine if you applied the "Rule of Five" and sold 5 products, in 5 countries, 5 units per day, at 5 dollars each. That totals $18,750 in 30 days or $225k in a year, so why wouldn't you list your products in multiple Amazon marketplaces? He also believes that your products should be B.E.S.T.: Boring, Established, Sustainable, and Tangible.

Resources

384: Splitly and Profit Peak: Split Test Your Amazon FBA Pricing, Images, and Product Listings with Andrew Browne

August 25, 2017

Andrew Browne is the co-founder of Splitly, which is a tool that allows you to split-test your Amazon Seller product listings. Listen in to hear as Andrew explains what Amazon selling is, what split testing is, how to use their tool to split test on Amazon, and what low hanging fruit to split test for amazing results.

Split testing on Amazon is essential for you and your business, since unlike Google, Amazon rewards increased sales with higher rankings. That means if you improve the conversion rate on your product's page, Amazon will reward you with a higher ranking and increased traffic to your FBA products.

291: Amazon Done-For-You: The Secret Sauce Behind Profitable FBA Brands with Brad DeGraw

April 18, 2017

Brad DeGraw from AZDoneForYou.com knows quite a bit about narrowing down the perfect product to sell on Amazon, how to negotiate with suppliers, market products and get reviews and sales. Listen in as he walks us through the process of getting samples, involving an inspection company, getting insurance, researching competitors, and creating images, titles, bullets, a description, and testing pricing. When selling on Amazon, be sure to notice customers' problems, fantasies, and desires to avoid becoming another "me-too" product.

Resources

286: How to Build Huge Product Lines on Amazon and Flip FBA Businesses with Sophie Howard

April 11, 2017

Sophie Howard from Aspiring Entrepreneurs sold one US Amazon account in mid 2016 for over 7-figures USD. She developed the Minimum Viable Brand for physical products to be sold online at premium prices and scale fast. She loves sourcing products from around the world, usually in places where no one else is looking.

285: The Wholesale Formula: The Superior Alternative to Retail Arbitrage and Private Labeling on Amazon with Dan Meadors

April 10, 2017

Dan Meadors from The Wholesale Formula sells products on Amazon. But he wasn't satisfied with retail arbitrage (buying products at discount stores and selling them on Amazon) or private labeling (creating a branded physical product). Instead, Dan works with existing brands to get them more reach on Amazon.

He discusses his thought process (find products that Amazon doesn't sell themselves, sells 50-60 per month, and he'll start with a monthly volume of $500-$600 per month). Many times, Dan find some easy low hanging fruit and improves the product description, adds images and bullet points. He also looks for add-ons that complement that Amazon product.

Resources

Formula for an Easy Book on Amazon

February 18, 2017

The other day, I asked my subscribers about what they were working on and what they planned on accomplishing by "Friday" of that week...

A recurring theme is that people are either listing a bunch of things, possibly more than they'll realistically complete (sound familiar?) or it's a lot of different things -- sounds like lots of switching gears and putting out different fires... sound familiar?

I have great news... with a little bit of focus (and following a system) you can get all those money making tasks of yours done. The secret is to do things QUICKLY that way all the little
"must-do" things in your business don't pile up...

And how's this for speed? Everyone needs a book, whether it's to land clients, sell products, land joint venture partners, etc. and everyone "thinks" it's "supposed" to be "hard" and take
6 months, 12 months, 24 months... Well... how about 12 hours?

That's right... just a few weeks ago, I woke up at around 6AM with an idea for a book... within 30 minutes, I was speaking it out, and less than an hour later, it was done... a 30 page,
9000 word book...

I took the afternoon off and saw that Amazon gave the "okay" on the published book around 6PM that evening...

So it's possible to do things fast... and... did you know that publishing a book (Kindle and physical) is completely free? Amazon just takes a cut... click here to check out the whole story:

Free PDF download...
Your Book Made Easy: How We Went from "Idea" to Published Book in Under 12 Hours

129: Book Launch Strategies and Self-Publishing with Angela Ford

September 2, 2016
angela

Angela Ford tells us about online marketing and social media, and how she was able to use those skills to self-publishing market her fiction novels using Instagram, Facebook groups, contests, book tours, and more.

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