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267 episodes
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The Smartest Amazon Seller SmartScout
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- Technology
Scott Needham is the Founder of SmartScout. An Amazon software developer for 10 years his company BuyBoxer has done over $300m in sales on Amazon. Scott has accumulated a deep knowledge about selling product online, and in the podcast he shares his knowledge with you to help you become a better Amazon seller.
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Episode 263 - Exploring Non-China Sourcing Strategies with Sebastian Hertz
Scott Needham is joined by Sebastian Herz, founder of Zignify and a global product sourcing expert. Together, they explore the complexities of sourcing products outside of China, offering strategies for Amazon sellers to achieve cost savings and enhanced efficiency.
Sebastian shares his journey from electrical engineer to entrepreneur, with extensive experience living in China and Singapore. He provides insights into Zignify's evolution from a small, China-focused business to a global sourcing powerhouse with over 60 employees. The discussion highlights the shift from China-based sourcing due to factors like Trump tariffs and the need for supply chain diversification, emphasizing the importance of choosing the right countries based on client needs and product materials.
Sebastian also contrasts the sourcing mindsets of large corporations and small sellers, offering practical tips for navigating international manufacturer relationships. Tune in to this episode for essential insights on global product sourcing from one of the industry's leading experts.
Gain valuable advice on reassessing current suppliers for potential savings, understanding the importance of fully engaging in the sourcing process, and leveraging tools like import records for competitor analysis.
Episode Notes:
00:23 - Sebastian Herz Introduction
02:25 - Zignify and Sebastian's Origin Story
06:45 - The Sourcing Process
12:15 - Advice for New Sellers
17:40 - Useful Tools and Strategies
19:25 - Working with Large Corporations
24:05 - Favorite Countries for Sourcing
26:25 - The Human Element of Sourcing
Website: zignify.net
LinkedIn: linkedin.com/in/sebastianherz
Related Post: Retail Arbitrage vs. Online Arbitrage: Choosing the Right Sourcing Strategy for Amazon Sellers -
EPISODE 262 - From Social Work to Amazon Success: Andy Slamans’ Journey to Building a Multi-Million Dollar Brand
Andy Slamans Co-Founder of Amazing Freedom Brands, shares his incredible story of transitioning from social work to building a multi-million dollar Amazon business.
We delved into Andy's early days of selling on Amazon, the valuable lessons he learned, and the challenges he overcame along the way. From navigating the intricacies of international sourcing to building relationships with domestic manufacturers, we uncovered the strategies that propelled Amazing Freedom Brands to remarkable success.
Andy also shared his insights on inventory management, advertising adjustments, the shift to website sales, and the delicate balance of pricing and margins.
If you're an aspiring entrepreneur, this episode was packed with invaluable advice and inspiration to fuel your journey.
Episode Notes:
00:30 - Andy Slamans Introduction
01:50 - LinkedIn and its Positive Environment
02:55 - Andy's Transition from Social Work to Amazon Selling
05:45 - The Early Days of Selling on Amazon and Lessons Learned
09:20 - Challenges and Strategies of Sourcing Internationally
10:45 - Advantages of Sourcing Products Domestically in the US
13:30 - Finding Tradeshows
15:19 - Reordering Products from Domestic Manufacturers
16:40 - Experimenting with Turning Off Ads Due to Running Out of Inventory
18:18 - Approaching $20 Million in Revenue: Strategies and Growth
21:15 - Using a Line of Credit
22:55 - Navigating Return Handling for Different Types of Products
24:46 - Building a Team with C-Suite Hires and Scaling the Business
29:30 - Learning from Losses
LinkedIn: linkedin.com/in/andy-slamans-892ba0b9
Website: amazing freedom.com
Related Post: Maximize Your Ad Spend: 7 Benefits of Effective Ad Management -
EPISODE 261 - A Wholesale Conversation with Corey Ganim at SmartScout HQ
Coming from North Carolina to the SmartScout Headquarters, we have Corey Ganim an experienced wholesaler with his own podcast that has also helped many build successful wholesale businesses.
In a unique twist, Corey interviews Scott about his journey and insights into building and using SmartScout. Discover how SmartScout stands out from other tools and why even long-time listeners are surprised by its capabilities once they start using it.
Scott also announced AMZ United 2024 and shared the success of AMZ United 2023 — an event specifically catering to wholesale sellers on Amazon. He discussed the lack of events targeted at wholesalers despite their significant presence among top Amazon sellers and how AMZ United fills that gap.
Learn the challenges and rewards of private label businesses, emphasizing the importance of niche targeting and community building. Discover strategies for wholesalers transitioning into private labels, including the bold approach of high-investment launches to avoid saturated markets.
Episode Notes:
00:25 - Corey Ganim Introduction
01:53 - AMZ United 2024
05:30 - Supplier Interactions
07:20 - Covid Business Boom
10:45 - Wholesale or Private Label Business
14:25 - Advice for New Sellers
15:20 - Partnership Pros & Cons
LinkedIn: https://www.linkedin.com/in/corey-ganim/
Related Post: Introducing AMZ United 2023 - The First-Ever Conference for Amazon Wholesale Sellers -
EPISODE 260 -Netrush’s Strategic Evolution in the Amazon Marketplace with Raj Sapru and Chris Marantette
Scott is joined by special guests Raj, the Chief Strategy Officer of Netrush, and Chris Marantette, the Co-CEO / Co-Founder of Netrush. They delve into the dynamic evolution of Netrush from a small two-person team to a robust company focused on maximizing brand profitability through strategic partnerships and innovative infrastructure.
The discussion provides valuable insights into the shifts in Amazon's marketplace, highlighting the transition from high-profit margins to tighter margins due to market maturation and commoditization.
Chris highlights the importance of integrating logistics technology into overall business strategy, addressing recent Amazon fee changes and their impact on sellers.
The episode also explores the role of 'brand runners'—individuals managing various aspects within a company—and the necessity for sophisticated logistics and supply chain management tools.
Tune in to learn how proactive pricing strategies, cost optimization, and innovative solutions can help brands navigate the complexities of the Amazon marketplace and stay ahead in a competitive environment.
Episode Notes:
00:45 - Raj Sapru and Chris Marantette Introduction
01:05 - The Net Rush Origin Story and the Shift to a Brand-Centric Approach
04:35 - Starting Sellozo
08:23 - FBA Fee Increase History
18:25 - Importance of Advertising and Logistics in Amazon FBA
19:45 - Addressing the Complexities of Amazon's Logistics and Fee Changes
25:19 - Minimizing Expenses
29:55 - Analyzing Amazon's Fee Structure and the Impact of Shipping Time on Conversion
31:15 - Understanding the Role of the Brand Runner in Modern Commerce
35:02 - Optimizing Costs in Shipping and Inventory Management
LinkedIn:
linkedin.com/in/rajsapru
linkedin.com/in/chris-marantette-4701b9
Website: netrush.com
Related Post: Understanding Amazon's Fee Structure for Wholesale Sellers -
EPISODE 259 - Advanced Amazon Strategies with Josh Hadley and Matt Altman
In this special episode, we’re excited to present a unique podcast swap, featuring an insightful episode from Josh Hadley's eComm Breakthrough Podcast.
Join us as Josh interviews Matt Altman from Right Side Up, delving into advanced strategies for product optimization, managing PPC campaigns, and knowing when to let go of underperforming products.
This episode is a treasure trove of actionable advice for Amazon sellers looking to enhance their business growth and streamline their operations. Josh Hadley shares his inspiring journey of growing Hadley Designs into an eight-figure brand, offering candid insights into the challenges he faced and the strategies that led to his success.
Meanwhile, Matt Altman brings over a decade of experience to the table, discussing crucial topics such as the importance of high-converting keywords, innovative photo editing techniques for product images, and effective affiliate marketing strategies.
Whether you're a seasoned seller or just starting, this episode provides valuable lessons and practical tips to help you optimize your Amazon business and achieve sustained growth.
Tune in and transform your selling strategy today!
Episode notes:
02:45 - Ecom Breakthrough Podcast Overview
03:50 - Matt Altman Introduction
05:10 - Matt's journey into ecommerce
06:40 - Insights into Successful Brand Exits
10:21 - Strategy for Launching New Products on Amazon
13:00 - Product Launch Budget
15:35 - Types of Ad Campaigns
20:40 - Product Conversion Rate \ Optimizing Products
28:40 - Amazon A/B Testing Feature
31:45 - EVA.Guru / Intellivy.net / mturk.com
33:25 - Other Software Tools to Manage Multiple Brands
35:20 - PPC Tactics
48:40 - External Marketing
51:10 - Amazon Affiliates
LinkedIn:
linkedin.com/in/matt-altman-39b72a70
linkedin.com/in/joshhadley/
Website:
www.rightsideup.com
https://wavve.link/Ecommbreakthrough
Email:
mattaltman89@gmail.com
josh@ecommbreakthrough.com
Related Post: Yes, E-Commerce in Latin America Is Worth It -
EPISODE 258 - E-Commerce Dynamics with Russ Dieringer of Stratably
Join Scott today with Russ Dieringer, the Founder & CEO of Stratably, a leading research group that advises major brands on market trends in e-commerce.
In this episode, they explore how Stratably assists companies in understanding their customers and competitors through an annual membership that includes access to in-depth research, live webinars, and collaborative share groups.
Understanding e-commerce dynamics is vital for brands to balance their online presence with physical stores. Russ highlights challenges for larger brands with global distribution facing price transparency issues, while midsize or smaller first-party (1P) brands may seek third-party alternatives due to tough negotiations with platforms such as Amazon.
With Stratably's innovative approach to research and analysis, companies gain a strategic advantage in navigating the ever-evolving marketplace landscape.
Episode Notes:
00:15 - Russ Dieringer Introduction
01:02 - Stratably Origins
01:58 - The Power Dynamics of 1P and 3P on Amazon
04:50 - The Evolution of E-commerce Post-COVID
06:05 - Benchmarking Consumer Brands
08:08 - Stratably Data Collection
10:10 - Big Brands Dealing with Emerging Marketplaces
16:45 - Marketplace Control
22:48 - Profit Strategies for Midsize and Challenger Brands
24:45 - Tactical Shifts and Innovations on Amazon
LinkedIn: linkedin.com/in/russdieringer
Website: stratably.com
Related Post: Expanding With Amazon FBA – How To Start Selling in Europe