Scott Needham interviews Michal B. Oron, the CEO and Co-Founder of Fortunet.net, the first investment bank focused on e-commerce businesses. They discuss the rise and fall of aggregators in the Amazon marketplace, the diversification of acquirers, and the importance of benchmarking for Amazon sellers. They also explore key metrics such as ACOS (Average Cost of Sale), repeat customer rate, market share, and the Inventory Performance Index (IPI). Michal shares insights into how these metrics impact the attractiveness and potential of a business. Overall, they are optimistic about the market and see a growing appetite for deals in the e-commerce space. Episode Notes: 01:05 - Michal Introduction 01:30 - The Rise and Fall of Aggregators 04:05 - Benchmarking 07:50 - Understanding ACOS 11:20 - Repeat Customer Rate 17:00 - Market Share 19:00 - The Significance of Market Share 20:55 - Inventory Performance Index (IPI) Website: https://fortunet.net/ LinkedIn: https://www.linkedin.com/in/michal-baumwald-oron-9b604620 Related Post: https://www.smartscout.com/blog/thrasio-vs-perch-which-amazon-aggregator-is-right-for-you

In this episode, Scott interviews Michael Kaufman, an expert in e-commerce and Amazon selling, about the importance and impact of offering a lifetime warranty as a strategy to build brand identity and customer loyalty. They discuss how this approach can differentiate a brand in a competitive market, foster trust with customers, and contribute to long-term success on Amazon. Additionally, they share tips and advice for sellers interested in implementing a similar warranty strategy in their businesses. Episode Notes: 00:25 - Michael Kaufman Introduction 01:10 - How Michael Started 03:45 - Lifetime Warranty 04:55 - Building Credibility from Reviews 06:05 - Fulfilling Claims 08:40 - Organic Product Launch 09:50 - Conversion from Lifetime Warranty 11:15 - Putting the Warranty in the Main Image 12:05 - Tricking the Amazon Algorithm 12:55 - Lifetime Value of Customers 15:25 - Thinking Like a Customer 16:10 - Warranty Registration 17:35 - Utilizing Mailers LinkedIn: https://www.linkedin.com/in/protuffproducts Website: https://brandfortresshq.com/ Related Post: https://www.smartscout.com/blog/8-strategies-to-boost-your-conversion-rates-on-amazon

Scott Needham interviews Dylan Lam of Omirank about building a long-term product that turns into a brand. They discuss the evolution of product launches and the concept of treating Amazon as a channel rather than a business model. Dylan shares his future-proof product launch formula, which involves triple validation through Amazon research, dropshipping research, and Kickstarter. They delve into the preparation and launch stages of Kickstarter, as well as the importance of generating traffic and building a community. Dylan provides examples of successful Kickstarter campaigns and highlights the cash flow advantage and flexibility of launching on Kickstarter. They also discuss fulfillment options and the assistance provided by Omirank in the product launch process. Episode Notes: 00:00 - Introduction and Goal of the Podcast 01:10 - Guest Introduction 01:38 - The Evolution of Product Launches 03:10 - Treating Amazon as a Channel 06:49 - The Future-Proof Product Launch Formula 07:16 - Dropshipping Research 08:43 - The Kickstarter Step 10:26 - Preparation and Launch Stages of Kickstarter 13:33 - Generating Traffic on Kickstarter 15:33 - Successful Kickstarter Examples 19:18 - Cash Flow Advantage and Launching on Amazon 21:56 - Fulfillment of Kickstarter Orders 24:08 - Assistance in the Product Launch Process 26:41 - Building a Brand and Owning Traffic 28:01 - Conclusion LinkedIn: https://www.linkedin.com/in/dylan-kenneth-lam-796778281 Related Posts: https://www.smartscout.com/blog/the-ultimate-checklist-for-launching-a-product-on-amazon#amazon-product-launch-checklist-summary

In this episode, Scott Needham interviews Liz Saunders, the founder of Fluencer Fruit, a tool for Amazon influencers. Liz shares her background as an Amazon seller and her journey to building Fluencer Fruit. She discusses the need for tools in the Amazon Influencer Program and the challenges of marketing the tool. Liz emphasizes the importance of video in Amazon listings and how it can increase sales and reduce returns. She also discusses Amazon's response to video trends and the future of the Amazon Influencer Program. The episode concludes with Liz sharing how sellers can use Fluencer Fruit for optimization and her contact information for further questions. Episode Notes: 00:00 - Introduction and Background 01:00 - Building Fluencer Fruit 03:02 - The Need for Tools in the Amazon Influencer Program 04:11 - Marketing Challenges 05:24 - The Importance of Video in Amazon Listings 08:19 - The Impact of Video on Sales and Returns 09:47 - Amazon's Response to Video Trends 13:20 - How Sellers Can Get Videos on Their Listings 14:14 - Case Study: Increase in Sales with Influencer Content 18:13 - Using Fluencer Fruit for Optimization 19:27 - The Future of the Amazon Influencer Program 21:24 - Expansion of the Influencer Program Internationally 22:35 - Closing Remarks LinkedIn: https://www.linkedin.com/in/liz-saunders Website: https://fluencerfruit.com/ Related Post: https://www.smartscout.com/blog/leveraging-user-generated-content

Scott Needham interviews Tom, the Co-Founder of Lonesome Labs, about its HighFive tool. It is a free tool that helps Amazon sellers request reviews for their products in a compliant way. HighFive connects with a seller's Amazon account and allows them to choose when Amazon sends the review request email to customers. Tom explains the importance of reviews for sellers and how HighFive can help them get more recent reviews, which can improve their product rankings. He also discusses the future plans for Lonesome Labs and the value of offering HighFive as a free tool. Episode Notes: 01:10 - Tom Piamenta Introduction 01:20 - The Value of Product Reviews 02:20 - https://lonesomelabs.com/amazon-reviews-highfive/ 04:30 - Best Interval for Reviews 05:00 - Review Limitations 06:00 - Calculating Success Rates 07:00 - Getting Reviews for Free 08:00 - New Tools to Watch Out From Lonesome Labs 09:00 - Micro SaaS 09:40 - Review Manipulation and Getting Suspended LinkedIn: https://www.linkedin.com/in/tompiamenta/ Website: http://lonesomelabs.com Related Post: https://www.smartscout.com/blog/amazon-variation-listing

In this episode, Scott is with Will Haire, CEO & Founder at BellaVix. They explore the intricacies of Amazon Vendor Central, including topics such as net PPM, vendor profit calculations, co-op fees, challenges, and benefits of being a vendor. Learn about liquidation impact, reduced purchase orders, advertising strategies, vendor finances, and the future of Vendor Central. The conversation delves into maximizing profitability, chargeback recovery, and the unique experiences vendors face, particularly during Q4. They also shared valuable insights into streaming TV advertising and emerging opportunities on platforms such as Snap and Instagram. Additionally, Scott underscores the significance of inventory discipline, utilizing prime exclusive discounts, and addresses the issue of handling stale inventory. Episode Notes: 00:21 - Will Haire Introduction 00:55 - The T5 and Sales Days 01:55 - Streaming TV Advertising 04:00 - Placement and Targeting 05:40 - Vendor Central 07:00 - Calculating Profit Margin 08:30 - Co-op Fees and Other Costs 12:05 - Contribution Margin 12:40 - Impact of Liquidating Products 15:00 - Paying for Advertising as a Vendor 17:25 - The Future of Vendor Central 19:35 - Closing Remarks LinkedIn: https://www.linkedin.com/in/willhaire Website: https://www.bellavix.com/ X: https://twitter.com/MarketingChimp1 Related Post: https://www.smartscout.com/blog/amazon-vendor-negotiations

In this episode of The Smartest Amazon Seller Podcast, host Scott Needham interviews Youval and Andrew, two experienced professionals with backgrounds in Amazon selling and brand management. They discuss various topics related to selling on Amazon, focusing on advertising, data analysis, and overall business growth. Plus, insights and experiences - highlighting the importance of a healthy Amazon business, measuring incrementality, and utilizing data to optimize ad campaigns. Learn the features and benefits of Amazon marketing cloud and discover valuable strategies to succeed on the platform. Episode Notes: 00:40 - Youval Peltier and Andrew Tookey Introduction 04:13 - Empowering Brands 07:34 - The Complexity of Subcategories 08:06 - Factors That Contribute to a Healthy Amazon Business 09:46 - What is Incrementality? 11:14 - How to Measure Incrementality 11:50 - Stitching Data from Different Sources 14:41 - Brand Affinity 15:36 - Amazon Marketing Cloud 18:47 - Media-Driven Customer vs Organically-Driven Customer 20:22 - How to Deliver Optimal Results 23:13 - Advantage of Working Outside of Amazon 27:35 - The Omnichannel Solution LinkedIn: http://linkedin.com/in/youval-peltier-74586319 | https://www.linkedin.com/in/andrew-tookey-64180623 Website: http://iderive.com Related Post: https://www.smartscout.com/blog/advertising-solutions-by-amazon-a-closer-look-into-amazon-ads

Unit economics assesses the profitability and sustainability of a business at the individual product or service level. By analyzing the costs and revenues associated with each unit sold, a company can determine whether its core offering is financially viable. Rob, an entrepreneur at I'm The One Podcast, emphasizes the importance of product selection and unit economics in determining the success of a brand. He also discusses the changing landscape of selling on Amazon - highlighting the need for sellers to constantly evolve and adapt, and have a platform-first mentality by figuring out what Amazon wants. Plus, learn what Rob has to say about multi-channel sales and the future of TikTok shops. Episode Notes: 00:20 - Robb Green Introduction 01:49 - Best Part of Running Brands 02:38 - Product Selection and Unit Economics 04:31 - Strategy Shift 05:30 - Platform-first Mentality 06:21 - Using AI to Understand Customer Sentiment 07:10 - Using Data to Make Better and Quality Decisions 10:11 - Improvement on SQP Data 12:50 - What do Eight-figure Sellers Worry About? 15:13 - Allocating Time and Money for Multi-channel Sales 16:27 - The Future of TikTok Shops 17:45 - SmartScout for TikTok 20:51 - What Does TikTok Shops Want? Website: https://imtheone.com/about-us/ YouTube: https://www.youtube.com/@imtheonepodcast Instagram: https://www.instagram.com/imtheonepodcast/ Facebook: https://web.facebook.com/people/Im-The-One-Podcast/ X: https://twitter.com/imtheonepodcast LinkedIn: https://www.linkedin.com/in/imtheonepodcast/ Related Post: https://www.smartscout.com/blog/sell-on-amazon-from-alibaba#think-beyond-just-selling-products

Tax Compliance, Business Performance Analysis, Budgeting and Planning, Estimated Sales Velocity, and Risk Management are just some of the reasons why Accounting is crucial for any Amazon seller. Ryan Hurley, the founder and lead developer of SellAnalytics, a software that helps Amazon sellers manage their accounting and inventory, teaches us the importance of accurate accounting, the limitations of existing tools such as A2X and QuickBooks, and how Sell Analytics offers a comprehensive solution for Amazon sellers. Episode Notes: 00:39 - Ryan Hurley Introduction 03:56 - First Product Sold 04:11 - Solving Accounting Problems 05:14 - Tying Inventory into Cashflow 06:47 - Inventory value on QuickBooks 07:18 - What Do You Need To Know Before Filing 07:56 - Trial Balance 09:31 - QuickBooks vs Spreadsheets 10:01 - Why Bypass QuickBooks 14:01 - Learning How to Operate an Accounting Firm 15:21 - Building Other Sales Channels 15:59 - Learning How Much to Reinvest in the Business Website:https://sellanalytix.com/ LinkedIn: https://www.linkedin.com/in/ryan-d-hurley Related Post: https://www.smartscout.com/blog/5-ways-to-turn-your-finances-into-a-business-strength

In this episode, host Scott Needham welcomes Corey Ganim, an expert in Amazon wholesale, to discuss the power of delegation and hiring virtual employees. Corey shares his experience of leveraging overseas talents to delegate tasks that don't move the needle in his business. He emphasizes the importance of hiring employees who are willing to challenge and provide valuable input, rather than just being yes-men. From managing Seller Central to handling administrative work, Corey provides practical tips on finding and training the right virtual assistants. Episode Notes: 00:29 - Corey Ganim Introduction 01:00 - Creating Content for Wholesale Sellers on LinkedIn 02:25 - The Power of Delegation 02:50 - Screening and Finding Talents 06:40 - Common Hiring Mistakes 09:00 - Managing Seller Central 09:40 - AMZ United as a Participant 12:40 - Percentage of Brand New Amazon Sellers 14:10 - Opening Up New Accounts 16:50 - Navigating Distributor Relationships LinkedIn: https://www.linkedin.com/in/corey-ganim Website: http://gobrandrocket.com X: @GanimCorey