EcomCrew Podcast – EcomCrew https://www.ecomcrew.com Start and Grow Your Ecommerce and Amazon Business Mon, 13 May 2024 12:35:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.ecomcrew.com/wp-content/uploads/2018/01/favicon-36x36.png EcomCrew Podcast – EcomCrew https://www.ecomcrew.com 32 32 An eCommerce podcast for store owners, hosted by 7-figure store owners Mike Jackness and Dave Bryant. We cover everything in eCommerce from Shopify, to Amazon FBA. From email marketing, to Facebook Ads. Never before has there been a podcast with store owners who are so candid. Subscribe to the EcomCrew podcast today! Mike Jackness clean Mike Jackness jackness@mac.com jackness@mac.com (Mike Jackness) 2019 EcomCrew The EcomCrew Ecommerce Podcast EcomCrew Podcast – EcomCrew http://static.libsyn.com/p/assets/e/d/b/9/edb97b89fcf18835/ecomcrewpodcastmikedavepic.jpg https://www.ecomcrew.com/category/ecom-crew-podcast/ support@ecomcrew.com San Diego, CA Twice Weekly 226445030 E550: How This Shark Tank Almuna Went From E-Commerce to AI https://www.ecomcrew.com/e550-kevin-williams/ https://www.ecomcrew.com/e550-kevin-williams/#respond Mon, 13 May 2024 12:25:30 +0000 https://www.ecomcrew.com/?p=57998 Kevin Williams is on the podcast today to talk about his entrepreneurial journey. From founding brands like Brush Hero to appearing on Shark Tank and finally, to diving deep into AI, we cover the lessons that he's learned through each brand and venture.  Kevin Williams is the founder of MadBrains AI, a company that specializes …

<p>The post E550: How This Shark Tank Almuna Went From E-Commerce to AI first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e550-kevin-williams/feed/ 0 Kevin Williams is on the podcast today to talk about his entrepreneurial journey. From founding brands like Brush Hero to appearing on Shark Tank and finally, to diving deep into AI, we cover the lessons that he's learned through each brand and venture... Kevin Williams is the founder of MadBrains AI, a company that specializes in AI literacy and training. With an extensive background in ecommerce, Kevin consistently provides practical tips to digital marketers on how to leverage AI for their brands.
Kevin and I met quite a while back in 2015, where Kevin held a presentation on the importance of product validation before marketing, and that's when I had an epiphany — if no one is interested in your product before you go to sell, it's not worth it.  
After years of friendship, I've decided to get him on to catch up with him and get a background of his experience as an entrepreneur. Here's some timestamps: 
Timestamps: 

* Podcast Start – 0:00
* Mike's Reason for Getting Friends on the Podcast – 0:30 
* Kevin's Product Validation Presentation and Business Model – 1:30 
* Traffic is 4x more expensive now – 2:44 
* Kevin's Patent Concept – 4:17 
* The Origins of Brush Hero – 6:28 
* Importance of Storytelling – 7:26 
* How Counterfeits Destroyed Brush Hero – 8:41
* Being CEO of Balls.co – 11:48
* “What happened to Balls.co?” – 13:59
* Diving into AI – 20:14
* “What's one thing that I should have asked?” – 28:26

The Big Takeaways
If you're in a hurry, I've listed a few of the big takeaways I personally found to be the most impactful:  

* Traffic is so way more expensive now. In 2015, it would cost 25c – 50c to buy traffic on Facebook Ads. Currently, it costs $3-$4 to buy traffic. If you want to start buying ads, it might be more cost-efficient to use a cheaper social networks like TikTok. 
* Being granted a patent is a bucket list item for most tinkerers and engineers. However, a lot of people don't go beyond that point. Partnering with a patent holder can be a good way to find products to sell on Amazon. 
* Storytelling boils down to three main points: 

*  Man – your brand or product 
*  Mountain – the big problem 
*  Getting Over Mountain – how your product solves your problem


* Online reviews have a big impact on offline sales. If your product is available in a brick and mortar store, shoppers will normally try to price-match by checking your product on Amazon and they'll run into your negative reviews. 
* Running a business that's based overseas while having staff that's based in a separate country can be very physically and mentally taxing. 
* Getting shadowbanned on your advertising account is more common than you think. It's a term that describes getting really poor performance on your advertising account, without explicit notice from the platform. 
* Balls.co suffered from their success in the influencer marketing. After receiving a lot of traffic from their influencer marketing, they were starting to be seen as an entertainment company instead of a product company. This meant that they werent getting much sales from their marketing efforts.
* All of the Fortune 10,000 companies are concerned about the implications of AI, but only 5% of them have training in place. 
* You should be leveraging AI to automate customer service. There is no reason for you to be doing first-contact customer service anymore as a business owner and AI can make this a lot easier for you. 
* Taking the previous point a step further, you can use AI to sift through previous chatlogs,]]> Mike Jackness clean 32:46 57998 E549: How To Get Started in Building Your SEO in 2024 https://www.ecomcrew.com/e549-getting-started-seo/ https://www.ecomcrew.com/e549-getting-started-seo/#respond Mon, 06 May 2024 14:52:59 +0000 https://www.ecomcrew.com/?p=57869 Jeff Oxford joins us on the podcast today to talk about the most recent Google Update, who the winners were, and how search is going to look like with AI in the horizon.

<p>The post E549: How To Get Started in Building Your SEO in 2024 first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e549-getting-started-seo/feed/ 0 Jeff Oxford joins us on the podcast today to talk about the most recent Google Update, who the winners were, and how search is going to look like with AI in the horizon. Jeff Oxford is the Founder and SEO Director of 180 Marketing, a marketing agency that specialises in SEO strategies which cover everything from keyword research to webpage optimization.
Today, he's on the podcast to talk about the most recent Google update that happened in March. Specifically, we'll dive into the criteria that Google uses to rank websites, the winners of the most recent update, and why brand metrics plays an important role in search. 
The big takeaway here is that no matter what, keep playing the long game. When it comes to content, it's only a matter of time until your content starts making its way through the algorithm and to the audience that you're targeting. 
It really is just a matter of time. It might be an overnight viral success, or it might be a crawl towards the goal, but it's a matter of when it happens instead. 
Timestamps: 

* Podcast Start – 0:00
* Catching up with Jeff – 0:31
* Google's March Core Update – 2:14 
* Why Mike was excited for this update – 4:30 
* Playing the long term game – 6:03
* Google's update patterns – 7:40
* Mike Jackness History Lesson – 9:31 
* How Google finds cheaters – 12:23 
* Why Reddit and Quora won the last update – 14:43 
* Why Brand Metrics matter for SEO – 15:58
* How do you get started in building your SEO? – 18:13 
* Stick with it! – 20:31 
* What is Search going to look like moving forward? – 22:38
* How will Google incentivise making good content with AI in the future? – 28:11
* Learn more about Jeff Oxford – 30:39

Jeff, thanks for coming on the podcast! It was nice seeing you again, although through a virtual screen instead of in person but we'll take what we can get! 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well! We would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 34:05 57869 E548: Making Dropshipping Work in 2024 with Pat Haggerty https://www.ecomcrew.com/e548-dropshipping-pat-haggerty/ https://www.ecomcrew.com/e548-dropshipping-pat-haggerty/#respond Mon, 29 Apr 2024 16:15:13 +0000 https://www.ecomcrew.com/?p=57701 Pat Haggerty of Right Channel Radios joins the podcast to talk about dropshipping, the pros and cons, and how to succeed if you choose to start out with dropshipping.

<p>The post E548: Making Dropshipping Work in 2024 with Pat Haggerty first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e548-dropshipping-pat-haggerty/feed/ 0 Pat Haggerty of Right Channel Radios joins the podcast to talk about dropshipping, the pros and cons, and how to succeed if you choose to start out with dropshipping. Well, dropshipping is still very much around. But as Amazon moved into a position of dominance, its appeal has waned. The fact that some so-called “gurus” who sell the same old 2004 dropshipping course as an “easy” way to earn millions hasn’t helped either.
However, there are those who own sustainable dropshipping businesses. 
Pat Haggerty, owner of Right Channel Radios, is one of them.
I’ve asked Pat to join me in this podcast episode to talk in detail about his business, Right Channel Radios. 
I hope our discussion didn’t only prove informative but encouraged you to look at dropshipping businesses in a different, albeit more positive light.
Pat, thank you for accepting the invite to record a podcast together. I really appreciate it, and I look forward to seeing you again in the next events. 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well! We would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 33:55 57701 E547: Finding Fulfilment in Retirement with Dana Jaunzemis https://www.ecomcrew.com/e547-fulfilment-in-retirement/ https://www.ecomcrew.com/e547-fulfilment-in-retirement/#respond Tue, 23 Apr 2024 01:40:49 +0000 https://www.ecomcrew.com/?p=57567 Dana Jaunzemis joins the EcomCrew podcast today to talk about how she evaluated businesses before purchasing them, why she chose to sell her businesses, and ultimately chose to retire.  Dana Jaunzemis and I met for the first time years ago during my eCommerce speaking circuit and has since become a great friend of mine. She's …

<p>The post E547: Finding Fulfilment in Retirement with Dana Jaunzemis first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e547-fulfilment-in-retirement/feed/ 0 Dana Jaunzemis joins the EcomCrew podcast today to talk about how she evaluated businesses before purchasing them, why she chose to sell her businesses, and ultimately chose to retire.  Dana Jaunzemis and I met for the first time years ago during my eC... Dana Jaunzemis and I met for the first time years ago during my eCommerce speaking circuit and has since become a great friend of mine. She's the killer combination of having a really interesting background, while also being incredibly intellectual business-wise and philosophically too. 
She's been a good friend that's always been helpful when I've run into troubles of my own, especially those regarding burnout, identity and the end goal as an entrepreneur. 
Today, I wanted to pick her brains on the podcast about what it's like to have been recently retired from eCommerce, how she still finds a sense of fulfilment and the factors she considers before buying a business, which may or may not have been on my mind lately.
“E-commerce, while easy, is the highest risk type of business in my opinion.”
– Dana Jaunzemis
Timestamps: 

* 0:00 – Podcast Start
* 0:31 – Introduction
* 2:49 – Dana's Career Timeline
* 4:54 – The Appeal of E-Commerce for Introverts
* 6:28 – Is E-Commerce Difficult? 
* 9:19 – The Difference Between Successful and Failing Businesses
* 11:44 – How lessons in life can apply to your future
* 15:40 – Factors to Consider When Buying A Business
* 16:31 – Factor #1: Profitability
* 16:46 – Factor #2: Where Your Skillset Fits In
* 24:24 – Why Dana chose to sell her business
* 30:01 – Risks of e-commerce
* 31:41 – Factor #3: Inventory Costs 
* 34:19 – Finding Fulfilment in Retirement
* 38:14 – Knowing when ‘enough' is enough
* 41:53 – Moving Goalposts 
* 46:30 – What was it like buying a business with friends? 

Dana, thank you for accepting the invite to record a podcast together. I really appreciate it, and I look forward to seeing you again in the next events. 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well! We would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
 
]]> Mike Jackness clean 53:26 57567 E546: The Most Common Lawsuit Claims in Ecommerce and How to Avoid Them https://www.ecomcrew.com/e546-common-lawsuit-claims/ https://www.ecomcrew.com/e546-common-lawsuit-claims/#respond Mon, 15 Apr 2024 16:29:39 +0000 https://www.ecomcrew.com/?p=57497 John Di Giacomo joins us on the podcast today to talk about the most common lawsuit claims that he's personally seen in the past few years in the ecommerce industry, and how you can avoid them.  John Di Giacomo is the founding partner of Revision Legal, a law firm with expertise in Internet law, copyright …

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]]> https://www.ecomcrew.com/e546-common-lawsuit-claims/feed/ 0 John Di Giacomo joins us on the podcast today to talk about the most common lawsuit claims that he's personally seen in the past few years in the ecommerce industry, and how you can avoid them.  John Di Giacomo is the founding partner of Revision Legal... John Di Giacomo is the founding partner of Revision Legal, a law firm with expertise in Internet law, copyright & trademark law, and related areas. 
Today, he's on the podcast to talk about the most common cases that have been on the rise recently. Specifically, we'll be talking about ADA Cases and CIPA claims, and how ecommerce sellers can protect themselves from these claims. 
The big takeaway here is to make sure that you're protected from these false claims. 
Because it's not a matter of if it happens, but a matter of when it happens. The best way to protect yourselves is to take preventive action before these claims ultimately kill your business, because it can definitely happen. 
John, thanks for coming on the podcast! It was nice having you back on after several years since your last episode and I hope to hear good news from you in the future. 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well! We would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 29:52 57497 E545: Amazon Announces Delays to New Low Inventory Fees https://www.ecomcrew.com/e545-amazon-delays-new-fees/ https://www.ecomcrew.com/e545-amazon-delays-new-fees/#respond Mon, 08 Apr 2024 15:11:55 +0000 https://www.ecomcrew.com/?p=57386 Dave and I discuss the delays to the New "Low Inventory" fees, how you can be exempted from those fees, and the impending FTC Investigation into Amazon.

<p>The post E545: Amazon Announces Delays to New Low Inventory Fees first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e545-amazon-delays-new-fees/feed/ 0 Dave and I discuss the delays to the New "Low Inventory" fees, how you can be exempted from those fees, and the impending FTC Investigation into Amazon. After months of complaints over the new fees, it seems like Amazon's heard (or read, in this case) the message that people aren't happy about being charged for having too little in FBA Warehouses. To gain some brownie points, they've decided to delay the effectivity date of these new fees. But what does this mean in the big picture? 
We all know that Amazon's being investigated by the FTC for their monopolistic practices. With that being said, why would Amazon choose to apply new fees that effectively erodes profit margin from third party sellers? 
We discuss that, and more in today's episode. Here's some timestamps below to get you started: 

* Intro – 0:00 
* Going to China and experiencing sandstorms – 0:31 
* The Great Wall of China – 1:53
* Big Amazon News & Official Announcement – 2:46 
* Exceptions for AWD Users – 5:46 
* “There are nuances to every business…” – 6:55 
* Amazon's Monopoly – 8:59 
* Investigating Overseas Sellers on Amazon – 10:52 
* FTC's Investigation into Amazon – 13:03 
* Why would Amazon announce new fees while being investigated by the FTC? – 16:32 
* The FANG Companies vs. TikTok – 22:02
* Making sure you're still profitable – 26:04

The big takeaway here is to make sure that you're still profitable. 
Go into your Amazon account, check out how much you are going to be charged in April for these fees, and adjust your pricing accordingly to make sure that you're still having a healthy and profitable business. 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well! We would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 33:44 57386 E544: What You Need to Do to Be Successful on Amazon in 2024 https://www.ecomcrew.com/e544-successful-on-amazon-2024/ https://www.ecomcrew.com/e544-successful-on-amazon-2024/#respond Mon, 01 Apr 2024 15:56:36 +0000 https://www.ecomcrew.com/?p=57273 Neil Twa from High Voltage Business Builders joins us on the podcast to drop some massive value bombs. He breaks down how you can increase brand awareness on Amazon, his approaches to Product Development, and how you can restart the Honeymoon Period on Amazon. Listen in for some great lessons from Neil!  Amazon's only getting …

<p>The post E544: What You Need to Do to Be Successful on Amazon in 2024 first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e544-successful-on-amazon-2024/feed/ 0 Neil Twa from High Voltage Business Builders joins us on the podcast to drop some massive value bombs. He breaks down how you can increase brand awareness on Amazon, his approaches to Product Development, and how you can restart the Honeymoon Period on... Amazon's only getting tougher and tougher. 
It seems like the laundry list of things that you need to do to ensure success keeps getting longer and longer after each year, but what exactly are the things to do? 
I've asked Neil Twa to join me on the podcast today to talk about this very topic. Neil has actually given me a lot of high value thoughts during this recording that I think you should probably listen to on repeat over and over, as there are some things that just come off as surprising. 
Here are just a few: 
Lesson #1: Below the $50 retail price point, you'll be competing against a lot of brands. There isn't as much increase in competition in the price point of $50 – $150 retail. 
Lesson #2: Get more than 1 manufacturer just so you don't have all your eggs in one basket. 
Lesson #3: Never get started with electronics. 
If you want to skip to certain parts of today's episode, here are some timestamps!

* 0:00 – Intro
* 0:32 – Neil's Podcast 
* 1:20 – What you need to do to be successful on Amazon 
* 2:06 – Con #1: Platform Risk  
* 2:56 – Con #2: Increased competition 
* 4:38 – How to Increase Brand Awareness on Amazon
* 8:43 – How to approach Product Development 
* 12:46 – Why oversized products have to be priced correctly
* 14:54 – Never start with electronics
* 15:45 – Neil's product rules 
* 16:38 – How to increase your product's perceived value 
* 24:03 – How to restart the Honeymoon Period 
* 24:49 – Google Cosmo 
* 29:15 – How would you start an ecommerce business today?

Neil, I can't thank you enough for coming on the podcast. It was great having you on and these lessons are surely going to be valuable for a ton of listeners. 
If you guys want to hear more from Neil, check out the High Voltage Business Builders podcast! 
Don’t forget to leave us a review on iTunes if you enjoy our content. If you have any questions or any topics you’d like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
 
]]> Mike Jackness clean 32:28 57273 E543: 4 Lessons from EcommerceFuel Live 2024 https://www.ecomcrew.com/e543-lessons-from-ecommercefuel-live/ https://www.ecomcrew.com/e543-lessons-from-ecommercefuel-live/#respond Mon, 25 Mar 2024 11:25:44 +0000 https://www.ecomcrew.com/?p=57161 Steve Chou makes an appearance on today's episode to discuss some key takeaways he and Mike learned while attending EcommerceFuel Live 2024.  It's conference season for eCommerce!  I just got back from ECF Live 2024, which was a great experience where I got to meet old friends and discuss a few of the issues that's …

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]]> https://www.ecomcrew.com/e543-lessons-from-ecommercefuel-live/feed/ 0 Steve Chou makes an appearance on today's episode to discuss some key takeaways he and Mike learned while attending EcommerceFuel Live 2024.  It's conference season for eCommerce!  I just got back from ECF Live 2024, It's conference season for eCommerce! 
I just got back from ECF Live 2024, which was a great experience where I got to meet old friends and discuss a few of the issues that's been going on in the industry like Amazon's new fees, the recent Google update, and the ever-eroding margins. 
As always, I like to get someone who was at the conference with me to discuss some of the things that we've learned, and who else better than Steve Chou! Steve is a good friend of mine for several years now who runs My Wife Quit Her Job and is also hosting this year's Seller Summit, so we're live today to talk about the things we've learned. 
We talk about the 4 key takeaways that we came away with, and how we can apply it to our businesses. Here's some timestamps to get you guys going: 

* Intro – 0:00 
* Catching up with Steve – 0:30 
* Mike's favorite time of the year – 1:15
* Mike and Steve's ECF Live experience – 2:42 
* Steve's first takeaway #1: Google Update – 3:54
* The future of Search and AI – 4:29 
* How fast things change – 9:25 
* Second takeaway #2: Tiktok Shop – 10:37 
* Third takeaway #3: Higher profit margins are the key to success – 15:11
* Fourth takeaway #4: Amazon's New Fees – 18:01 
* What's happening in Seller Summit this year? – 23:06 
* Seller Summit's Mastermind Day – 23:45 
* Sign up for Seller's Summit – 27:07
* Why Mike hates flying – 30:03

Steve, it was great recording with you as always! I really appreciate you coming on and doing this podcast with me. If you guys would like to learn more about Steve, check out MyWifeQuitHerJob to learn more about him! 
Seller Summit is on May 13th and 14th this year, so get your tickets here and you can put in a special request to get Mike as your Mastermind Leader. 
Don’t forget to leave us a review on iTunes if you enjoy our content. If you have any questions or any topics you’d like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 31:56 57161 E542: How to Avoid Amazon’s Newest Inventory Fees https://www.ecomcrew.com/e542-amazon-new-inventory-fees/ https://www.ecomcrew.com/e542-amazon-new-inventory-fees/#comments Mon, 18 Mar 2024 16:33:33 +0000 https://www.ecomcrew.com/?p=57081 With Amazon's most complex fee increase ever going live, Mike and Dave talk about what this means for sellers, the pros and cons for each change, and how you can avoid the most detrimental fees to your bottom line.  Amazon today announced its biggest fee increase ever, and more aggravatingly, the most complex fee increase ever.  …

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]]> https://www.ecomcrew.com/e542-amazon-new-inventory-fees/feed/ 4 With Amazon's most complex fee increase ever going live, Mike and Dave talk about what this means for sellers, the pros and cons for each change, and how you can avoid the most detrimental fees to your bottom line. Amazon today announced its biggest fee increase ever, and more aggravatingly, the most complex fee increase ever. 
If you'd like to read more about it, check out our article here. We also recommend to check out Amazon's fee calculator to find out exactly how much additional fees will affect you. 
Dave and I will try to walk you through exactly what fees are changing and how it affects you. Warning—it's complex (probably deliberately by Amazon) and there's a lot to absorb.
Here are some timestamps: 

* Introduction – 0:00 
* Amazon Fee Change Intro – 0:31
* When the Fees Start – 2:03
* The Good News: Lower FBA Fees – 3:31 
* The Good News #2: Lower Storage Fees – 5:26 
* The Bad News: Inventory Placement Fees – 8:23
* The Worse News: Low Inventory Storage Fees – 22:08
* The Short Term and Long Term Impact – 35:17 

Here's some key takeaways and how you can avoid these new fees:
Amazon is lowering FBA Fees on April 15th, working out to 19c decrease for standard size items and 12c decrease on average for oversized. 
Amazon is lowering Storage Fees for standard size during non-peak times (Q1 – Q3) of the year from 87c to 78c per cubic foot. This will make it to around ~$50 per pallet for Standard Size. 
Inventory Placement Fees range from 21c – 68c depending on the size category. If you're using Amazon AWD, you don't pay any inbound placement fees at all.
If you use Amazon Global Logistics, you'll have to pay a placement fee to send the container to one place. Amazon may/may not adjust standard size container fees. Placement Fees don't apply if you sell oversized items with Amazon Global Logistics as well. 
Amazon will now charge you if you have too little in stock. To not pay this Low Inventory Storage Fee, you have three options. 

* Use AWD 
* Have more than 30days of inventory
* Have more than 90 days of inventory

The ideal situation here is to have between 29-181 days of inventory in stock to avoid paying aged inventory and low inventory storage fees. However, the problem with this fee structure, is that it doesn't take into account sudden changes to how much inventory is sold between each month. 
If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well!
Also, we would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
]]> Mike Jackness clean 40:28 57081 E541: How Many People are Losing Money Selling on Amazon? https://www.ecomcrew.com/e541-losing-money-on-amazon/ https://www.ecomcrew.com/e541-losing-money-on-amazon/#respond Mon, 11 Mar 2024 16:12:04 +0000 https://www.ecomcrew.com/?p=56988 In today's episode, Dave and I discuss why there are so many sellers on Amazon losing money on each product? Because the lower prices do not make any sense at all.  Today's topic is something that I've been thinking about for awhile: how many people are losing money selling on Amazon?  You're probably thinking that …

<p>The post E541: How Many People are Losing Money Selling on Amazon? first appeared on EcomCrew.</p>

]]> https://www.ecomcrew.com/e541-losing-money-on-amazon/feed/ 0 In today's episode, Dave and I discuss why there are so many sellers on Amazon losing money on each product? Because the lower prices do not make any sense at all.  Today's topic is something that I've been thinking about for awhile: how many people ar... Today's topic is something that I've been thinking about for awhile: how many people are losing money selling on Amazon? 
You're probably thinking that this question sounds ridiculous, but if you think about the increasing amount of competition and the higher platform fees, there does seem to be some basis for the question. 
Which begs the question: how many people are losing money selling on Amazon? Are they selling old inventory that isn't profitable anymore? Is the competition everywhere at this point? 
I thought this would be a topic that my partner Dave could chime in on from his perspective as a Canadian Seller, and also as someone who frequently visits China. 
Timestamps: 

* Intro – 0:00 
* Catching up with Dave – 0:30 
* How Many People are Losing Money Selling on Amazon? – 1:55
* The Types of Sellers Losing Money & Competition on Amazon – 3:57
* Sacrificing Margins for Brand Equity – 6:04 
* Fishy Practices to Avoid Paying Duties – 8:00 
* The Chinese Government is Providing Subsidies for Exporters?? – 8:51
* The Numbers Don't Make Sense – 11:02 
* Every Seller Has an Unprofitable SKU – 16:26
* The Problem with Product Research Tools – 19:53
* Bad Business People – 20:52 
* What Amazon's Q4 Earnings Report Tells Us – 23:09 
* Legacy Sellers Who've Suffered Through Events – 26:01
* Shortened Product Life Cycles – 30:47 
* What should happen to old products? – 32:27
* Prices are 20% lower than they should be – 33:37 

If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 
Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well!
Also, we would really appreciate it if you would leave us a review on iTunes. 
Thanks for listening!
 
]]> Mike Jackness clean 37:07 56988