Amazing Fba

This is another mindset episode, from my wanderings in London, UK and Europe. Today finds me in Cardiff, the Capital of Wales (in the West of Great Britain). And I'm thinking about how to look for business opportunity.   Automotive manufacturing is incredibly robot and technology driven. Real estate/property is almost 19th century. Does this represent a business opportunity? This is great practice for how to look at a sector and evaluate where there might be growth opportunities. Either for buying and rolling up businesses or for starting one.  

In the fast-paced world of ecommerce, staying ahead of the curve is crucial for sustaining growth. If you're an e-commerce brand owner, you might have noticed a concerning trend: UK ecommerce sales are experiencing a decline. Through careful analysis of over 20 businesses listed on Amazon, the data shows a consistent year-over-year decrease in revenue, which has become even more alarming since the summer of 2023. In this guide, we'll delve into the core issue, explore why this decline matters, and unveil a powerful strategy to counteract this trend by unlocking the vast US ecommerce market opportunity. [00:02:06] | Challenges of Shrinking Sales [00:02:32] | Strategies for Boosting Sales [00:03:20] | Tsunami Analogy [00:04:09] | Demand Side: Big Picture [00:04:56] | UK Economic Challenges [00:13:36] | US Market Opportunity [00:14:14] | Entering the US Market [00:15:09] | Preparing for US Expansion [00:09:42] | Importance of Value [00:20:08] | US Growth and Infrastructure The Problem: Unraveling the UK

Time management for Amazon Sellers Hey there, it's Michael from Amazing FBA, and I want to dive into a topic that's a crucial part of every entrepreneur's journey: the often misunderstood relationship between time and money. So often, we hear the phrase "time is money," and it's true in many ways, but it's also a concept that can lead us down a tricky path if we're not careful. Time management for Amazon sellers is difficult because Amazon and our contract manufacturers (suppliers) remove 95% of the manual labour. So what remains is often that fluffy stuff, "knowledge work". Let's break it down. Time management is so valuable because life is so short We often hear that time is a finite resource. Our productive years are limited, especially when you consider that retirement might come around 70 in the modern world. But what's intriguing is that while time holds immense value, it's more than just money. To truly measure the connection between time and money, the concept of the effective hourly rate comes into

As an e-commerce brand owner, the journey of building and selling a business can be both challenging and rewarding. Tomer David, renowned for his Sourcing Monster YouTube channel, has successfully built and sold a 7-figure business on Amazon. Now, you've reached a significant milestone—you've sold your business! But what comes next? In this guide, we'll explore Tomer's experience and valuable insights to help you plan for life after selling your business and navigate your way towards new opportunities for growth. [00:00:00] The podcast welcomes Tema David, who has built and sold a seven-figure business on Amazon and is now back in the game. [00:00:34] Tema David had a plan to sell his business and had already prepared for it before getting an offer from an aggregator. [00:01:51] He planned for the day after the sale, considering different scenarios and possibilities. [00:03:02] Tema opened another brand as a contingency plan to reduce risk in case something went wrong with the sale. [00:04:16] He planned to

Introduction: In today's fast-paced world, setting and achieving goals is an essential aspect of personal and professional growth. Many of us have experienced the frustration of setting ambitious goals only to fall short of reaching them. What if there was a scientific approach that could significantly increase our chances of success? In this blog post, we will explore the groundbreaking research of Gail Matthews, which sheds light on the five levels of breakthroughs that can pave the way to goal achievement. Level 1: The Power of Writing It Down Gail Matthews' research reveals that merely having a goal in mind is not enough. The first level of breakthrough occurs when you take the time to write down your goal. This simple act of putting your aspirations into words makes them tangible and solidifies your commitment to achieving them. Whether it's a personal or professional objective, writing it down marks the beginning of your journey toward success. Level 2: Creating Action Steps Moving to the second level

Welcome to the world of e-commerce brand owners, where scaling your business with minimal capital is the key to success. In this comprehensive guide, we'll delve into the valuable experience of Tomer David, an accomplished Amazon seller who has successfully built and sold a 7-figure business on the platform. As the founder of Sourcing Monster and a popular YouTube channel dedicated to sharing the latest strategies for Amazon sellers, Tomer's insights can help you make informed decisions to sell your Amazon FBA business profitably. Let's dive in and discover why selling an Amazon FBA business can be a strategic move, the step-by-step process involved, and essential skills for success. [00:00:00] Introduction and advertisement for a free Amazon business audit. [00:00:57] Introduction to Tomer David, a seller who built and sold a seven-figure Amazon business. [00:01:21] Tomer's reason for selling his business was to reduce risk and see more money in his bank account. [00:03:23] He decided to sell his business w

Selling an Amazon FBA Business The world of e-commerce is an ever-evolving landscape, and one of the most significant milestones for entrepreneurs is selling an Amazon FBA business. Today, we delve into the experiences and wisdom of Tomer David, an accomplished Amazon seller who not only built a thriving 7-figure business but also successfully navigated the process of selling it. Through his popular YouTube channel, Sourcing Monster, Tomer shares his journey and offers valuable insights to aspiring entrepreneurs seeking success in the competitive realm of Amazon selling. Why Bother Selling an FBA Business? At first glance, running an Amazon FBA business may seem like a lucrative venture, boasting impressive profits on paper. However, there are several factors that prompt sellers to consider selling their businesses. One of the most significant challenges lies in the nature of the business itself - it revolves around managing inventory. A considerable portion of the profits goes towards covering expenses like

For Amazon Business sellers, the opportunity to build a successful e-commerce venture can be incredibly rewarding. Something like 60% of all the cash you'll ever get (on average) comes when you as an owner get to sell your entire Amazon business to a potential acquirer. But these 10 Amazon Business Seller Mistakes with Numbers can kill the deal before it even gets started. When such an opportunity arises, it is crucial to avoid common mistakes that could undermine the credibility and value of the business. In this blog post, we will explore the top 10 critical mistakes that Amazon Business sellers should steer clear of when selling their business to a potential acquirer. 1.Insufficient Business Details: When presenting your Amazon business to a potential acquirer, you need to give them enough information to consider whether to go further.  Sure, like any owner, you're nervous about revealing sensitive information. It's fine to wait until you've got a signed NDA before you go further. But even upfront, your

Title: Mindset Moments: Introduction Welcome to Mindset Moments with Michael from Amazing FBA! Join me as we explore bite-sized thoughts and wisdom about business and life during my wanderings around London and Europe. The Hat and Clothing Dilemma: Money and Time Today, let's talk about the significance of a hat and some clothes in life and business. I have a rather fetching hat, similar to one Terry Pratchett wore. While it holds happy memories, it's time to part ways. Let's delve into two reasons behind my decision - time and money. The Hidden Costs of Objects Everything we buy has a cost, not just in terms of money but also in opportunities. Every purchase means allocating funds away from other potential investments. As an e-commerce seller, putting money into inventory means missing out on potentially more profitable ventures. Neglected Inventory and Its Consequences Long-term storage implications of owning inventory often go unnoticed. Whether it's stored in your closet, warehouse, or home, space has a

When it comes to running an e-commerce business, increasing the Average Order Value (AOV) is crucial for maximizing revenue and profitability. In this guide, we will explore effective strategies to help you boost your AOV and unlock higher revenue on your DTC (Direct-to-Consumer) site. We will be joined by Eric Melchor, the partnerships lead at Optimonk, an all-in-one Conversion Rate Optimization (CRO) platform for e-commerce brands. [0:00:00] Introduction to the topic of Average Order Value (AOV) [0:02:05] Importance of Increasing AOV for Profitability [0:04:32] Tactics for Increasing AOV, such as Offering Complementary Products [0:08:15] Importance of Product Mix in Increasing AOV [0:09:16] Factors for Conversion Rate Optimization (CRO) [0:09:45] Strategies for Reducing Abandoned Carts [0:10:03] Growing Email Subscriber List as a Profit Driver [0:12:09] Introduction to AI-Based CRO Features [0:14:51] Importance of Clear Pricing Information [0:19:09] Overview of A/B Testing and Statistical Significance [0:2

Engaging consumers on a DTC (Direct-to-Consumer) site is a crucial aspect of scaling brands for Amazon sellers. With the objective of maximizing growth with minimal capital, it is essential to optimize strategies for DTC site engagement. This article will explore various effective techniques to connect with consumers, boost brand visibility, and enhance customer experiences. By implementing these strategies, Amazon sellers can unlock the potential of their DTC sites and achieve long-term success. Time Stamps 0:00:00 Introduction to the Importance of Growing a Brand 0:02:18 Using a DTC Site to Personalize the Shopping Experience 0:04:09 The Value of List Building and Zero Party Data 0:07:04 Engaging with Visitors to Collect Zero Party Data 0:09:32 The Importance of Personalizing the Experience for Visitors 0:10:48 The Difference Between Zero Party Data and Other Types of Data 0:14:38 The Impact of Zero Party Data on Email Marketing 0:18:44 The Benefits of Conversion Rate Optimization for DTC Sites 0:20:24 The

Hey there. It's Michael from amazing FBA welcome to mindset moments, a little bite-sized chunks of thoughts and hopefully wisdom about business and life from my wanderings around London, and other parts of Europe. Hey there folks, you find me today in green and sunny Broxbourne, which is in Hertfordshire, in England, just northeast of London. And this tranquil surroundings made me think of something I wanted to share with you, which is a Zen story, a koan, as it's called, K O A N. I'm not a practitioner of Zen or something, but I'm, I'm a big, big fan of the thinking. and philosophy and a whole way of life really that's put forth by a lot of Zen practitioners. So anyway, here's the story. There was a Zen master once called Anshin, probably I'm guessing from the name in Japan, doesn't matter really. Anshin had a student he wanted to teach a lesson to in this female student was sitting there in hut one day and Anshin said to her, okay, I'm going to put a box in my hand. And he put a box in his hand. And I wa

Social media - advantages or disadvantages- which are strongest? In today's digital era, social media has become an integral part of our daily lives. As a small business owner, harnessing the power of social media can offer many advantages. Above all, increasing brand visibility. But, you must navigate this landscape with caution. In this article, we  explore social media advantages and disadvantages for small business. There are hidden disadvantages that can hinder your progress. We hope you can make informed decisions and maximize your online presence, without wasting precious time or money. Advantages of Social Media for Small Businesses: 1. Enhanced Brand Awareness: Small businesses can use social media to showcase their brand and connect with more people. Posting great content can increase brand visibility and make an impact on potential customers. 2. Targeted Advertising. Social media platforms offer powerful advertising tools that let you reach your exact audience. This means hit the right people and

In this episode, we will explore the transformative power of mindset and delve into five powerful strategies that can help you achieve wealth and happiness. Having the right mindset is crucial for e-commerce brand owners looking to scale their businesses with minimal capital. By optimizing your mindset, you can overcome challenges, enhance problem-solving abilities, and create a positive path towards success. Time Stamps 0:00:00 Introduction to the Importance of Mindset 0:02:29 Changing Your Mindset Means Finding Solutions Instead of Problems 0:03:26 The Importance of Routine and Consistency 0:07:23 Being Intentional in Everything You Do 0:08:59 The Power of Movement and Staying Active 0:11:00 Surrounding Yourself with Positive and Inspiring People 0:14:53 You Are Not Defined by Your Mistakes or Fleeting Moments 0:18:57 The Impact of Mindset on Mental Health 0:23:05 Strategies for Improving Mindset Can Benefit Everyone 0:30:07 Who Can Benefit from Mindset Coaching and How to Contact Christian Strategy I Routi

Hey there. It's Michael from amazing FBA welcome to mindset moments, a little bite-sized chunks of thoughts and hopefully wisdom about business and life from my wanderings around London, and other parts of Europe. Folks, I'm out again, looking at my most glamorous wearing my fetching Sam Brown belt. I've been out cycling around London as is my wont today. I just wanted to catch another instance of me, observing myself as a consumer, if you like, with my marketing head on. I always find that fascinating. I've just been into a place called the cycle Republic, which if you look at it, it's just full of, as you'd expect beautiful expensive bikes Brompton, which is, you know, very famous engineering quality, very expensive. what it is, it's going to be over a thousand pounds worth. There's helmets, there's accessories. So, also, I want to think about a few different things. First of all, the consumer need. They say, sell to people with a bleeding neck. So, in other words, when somebody's seriously, in pain, they

The entrepreneurial journey is a challenging one, filled with ups and downs, uncertainties, and obstacles. However, successful entrepreneurs understand the power of mindset in achieving their goals. In this comprehensive guide, we will explore how to master the growth mindset for entrepreneurs, with insights from renowned mindset coach Christian Hoyle. Whether you are an e-commerce brand owner looking to scale your business or an aspiring entrepreneur, this guide will provide valuable strategies to cultivate a growth mindset and unlock your full potential. 0:00:00 | Introduction and discussion about the importance of mindset 0:03:28 | Importance of taking responsibility for one's own mindset 0:05:04 | Importance of relationships and how they affect mindset 0:07:23 | The role of belief in mindset and the importance of practicing belief 0:09:40 | Importance of being present and taking control of one's thoughts 0:11:15 | Importance of taking action and making an effort to change 0:13:34 | Discussion about the s

In this comprehensive guide, we delve into the world of mindset coaching with Christian Hoyle, an expert who assists professionals, entrepreneurs, and sales teams in becoming the best versions of themselves. Our focus is on understanding the profound impact mindset has on entrepreneurial success and how harnessing the power of a growth mindset can help e-commerce brand owners scale their businesses with minimal capital. Time Stamp 0:00:00 | Introduction and discussion about mindset 0:02:16 | Definition of mindset as the way we think and act 0:03:43 | Importance of physical activity for mindset 0:06:00 | Importance of consistency and discipline for mindset 0:08:19 | Importance of perspective and happiness for mindset 0:10:10 | Relationship between wealth and happiness 0:11:12 | Importance of balance and perspective for happiness 0:14:15 | Importance of habits and routines for mindset 0:16:37 | Relationship between actions and happiness 0:19:47 | Importance of focus and managing oneself for entrepreneurs

When it comes to social media traffic there are two types –  organic (or unpaid) traffic. Which takes time and energy – and then there is paid traffic, which you get by spending ad budget. In this episode we’ll explain how to optimize organic social media traffic. Why organic (unpaid) social media is a good place to start your traffic generating efforts. How to use Facebook most effectively for organic social engagement How Reddit and Quora can be used to generate organic social traffic The most effective way to use Instagram for organic social engagement Why Pinterest is frequently the powerhouse that gets very little time and attention – and how to correct that and profit. Tools you can use to make your social media efforts simpler. The Vayner Media (Gary Vee) content strategy that Jason learned from his interview with them for the Instagram Power book. Resources Mentioned: www.9mountains.com https://hootsuite.com Planoly Promo Republic Instagram Power Pinterest Power Youtube

When buyers are looking to acquire an e-commerce business, there are a number of factors they will consider. These factors include: Revenue: Buyers will want to see that the business has a strong track record of revenue growth. This shows that the business has a viable business model and that there is a demand for its products or services. Profitability: Buyers will also want to see that the business is profitable. This means that the business is generating more revenue than it is spending. Brand: A strong brand can be a valuable asset for an e-commerce business. A strong brand can help the business attract new customers and command a premium price. Management team: Buyers will want to assess the quality of the management team. A strong management team can help the business continue to grow and succeed. Growth potential: Buyers will also want to see that the business has the potential to grow. This could mean expanding into new markets, launching new products, or increasing sales through marketing

Hey there. It's Michael from amazing FBA welcome to mindset moments, a little bite-sized chunks of thoughts and hopefully wisdom about business and life from my wanderings around London, and other parts of Europe. Today we are talking about the power of a niche brand: Brompton. Hello folks, I am out here with a brand creation story, and not mine, but I'm a customer in this case, or a would be customer. And I just wanted to reflect on, when you really, really create a fantastic product and brand combined, how strongly people will... make an effort or go out of their way to get it. And that's when you've really got a strong brand. So I'm going out of my way right now to get something. I'm walking through a strange part of town. It's freezing cold here in London, as often is. And, I need a bicycle and I live in a relatively modest sized flat in London. It's not as small as the one we used to be in, but space is always at a premium. And so I'm off shopping for the obvious solution for a cyclist in London. With