- Billion Dollar Sellers
- 🦹 FBA's Most Notorious Criminals
🦹 FBA's Most Notorious Criminals
🏊♀️ DIVING INTO an OCEAN of EXTRAORDINARY ENLIGHTENMENT
🏆 This week’s Dream 100 inductee - Matt Clark
🦹 3 Biggest alleged criminals in the FBA community
✍🏽 The Amazon review scandal
🧠 Ask anything about ranking on Amazon
👨🏻🏫 Your 24/7 e-commerce mentor
Welcome Matt Clark to the Billion Dollar Dream 100
Every Thursday I announce a new member of the Billion Dollar Dream 100. These are the people you should follow and get to know in our industry. They are announced in no particular order.
Matt Clark is today’s inductee into the Billion Dollar Dream 100.
Most of you reading this can thank Matt Clark for giving you the opportunity to sell on Amazon, even if you have never heard of him or Amazing.com.
Matt is responsible for creating thousands of millionaires and changing the lives of hundreds of thousands of people around the world. He popularized and created the very first course on how to leverage Amazon to create a business back in 2011.
Matt found his calling during his sophomore year of college in Houston, Texas when he read The Success Principles, by Jack Canfield.
After college in 2008, he briefly worked in investment banking before launching a website selling supplements. Amazon had recently opened its platform to third party sellers, so he figured why not sell them there too.
He was shocked at how his sales exploded, far surpassing his own website’s volume. He quickly hit $2 million dollars in sales, but was having cash flow issues. So he attended a Tony Robbin’s Business Mastery event, and that changed everything for him.
At the event he met Canadian serial entrepreneur and affiliate marketer extraordinaire Jason Katzenbeck. They decided to build a business showing others how to leverage Amazon to make sales while avoiding the mistakes Matt initially made.
They created what would later become Amazing Selling Machine, or Amazing.com, and help more than 35,000 entrepreneurs start their journey to financial freedom. They weathered a few setbacks: Jason’s daughter and wife got cancer and a pivot to a monthly business membership school didn’t work as expected.
But along the way they built a strong community of entrepreneurs, hosted events (Sellercon) with upwards of 3,000 attending at its peak, and created tools and resources to help sellers succeed.
Not one to really get out to other events, the Prosper Show in March 2023 was one of the first Amazon events that was not his own Matt ever attended. I remember walking up to him and his current partner Mike McClary in the exhibit hall full of vendors and saying, “Look at this industry you created.”
I’ve been to every Sellercon since 2016, but I never paid for the Amazing Selling Machine (ASM) course. However, after watching a series of promotional videos and a webinar for ASM 4 in 2015, I personally decided to pivot from selling 1P on Amazon to 3P.
Thanks Matt for that! For me and tens of thousands of others, it changed everything.
🦹 3 BIGGEST ALLEGED CRIMINALS in FBA COMMUNITY
Nate McAllister has been involved in the Amazon FBA space since 2014. He says while most sellers are reputable, three in particular stand out to him as the ones who have gotten into the most legal trouble.
All of them have not yet had their day in court, but the public charges against them are no joke.
In a recent article Nate discusses three individuals from the Amazon FBA community who have been involved in significant legal issues. It's important to note that at the time of writing, these individuals have not been convicted and are presumed innocent until proven guilty.
Ryan Nichols – Involved in the January 6th Insurrection: Nichols faces multiple charges, including conspiracy, unlawful entry with a dangerous weapon and assault on a federal officer.
McCallister had met Nichols at an Amazon conference and was surprised to see him involved in the Capitol attack. Nichols was active on social media, promoting violence, and has been in prison awaiting trial since January 18, 2021.
Previously, Nichols had appeared on the Ellen DeGeneres show for his rescue efforts during Texas floods.
Avraham Eisenberg – Accused of Crypto Fraud and Child Pornography: Eisenberg faces charges related to commodities fraud, commodities manipulation, and wire fraud.
McCallister had worked with him on an Amazon software project but found him difficult to work with. Eisenberg later moved into the cryptocurrency sphere, gaining a significant following.
He was involved in a scheme that drained over $100 million from a crypto protocol's treasury. Additionally, child pornography was found on his phone during investigations.
Brett Bartlett – Ran a Ponzi Scheme: Bartlett is charged with fraudulent securities offerings. He used his brand, Dynasty Toys, to attract investments from Amazon sellers, promising high returns.
The scheme involved using money from new investors to pay old investors. Bartlett's scheme was endorsed by prominent figures in the community, leveraging religious faith as a character proof.
McCallister expresses doubt these will be the last alleged criminals he encounters in the Amazon world.
✍🏽 THE AMAZON REVIEW SCANDAL
The receipt of two unsolicited Amazon packages sparks an investigation into the reliability of Amazon reviews and the discovery of “brushing scams.”
The use of AI in generating fake reviews exacerbates this problem, making it challenging to discern genuine feedback. The reliability of tools designed to detect fake reviews, such as FakeSpot and ReviewMeta is also questioned.
🛠️ FEATURED TOOLS and RESOURCES
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Forever change your product imagery and social media campaigns with Motion Brush.
It’s a new way to add controlled movement to your still photos and AI generations.
Coming soon to RunwayML Gen-2.
Watch this video and be absolutely wowed.
🧠 ASK ANYTHING ABOUT RANKING ON AMAZON
Signalytics has created an A.I. chatbot fully trained on all of the current scientific literature explaining how Amazon's A9 algorithm works (and then some).
It’s well-versed in every aspect of the technology behind the algorithm, seller evidence and experience, and best practices.
You can ask it questions that can help you grow your Amazon business.
👨🏻🏫 YOUR 24/7 E-COMMERCE MENTOR
eCommerce Mentor by Catalyst88 is a FREE groundbreaking AI tool designed to empower Amazon FBA entrepreneurs.
By utilizing the latest technology from ChatGPT, combined with a rich database of content and insights from Billion Dollar Dream 100 member Steve Simonson, you now have an AI-driven mentor providing tailored advice and strategic guidance at your finger tips.
Here's how it can transform your business:
Personalized Strategies: The bot provides bespoke advice, aligning with your unique business goals and challenges.
Actionable Insights: Get concise, practical tips to improve your operations, marketing and overall business strategy.
Time Efficiency: With instant access to expert knowledge, save valuable time and focus on growing your business.
Whether you're scaling up or just starting, the eCommerce Mentor is an invaluable resource.
If you have a ChatGPT + subscription, check it out.
🇨🇿 4TH ANNUAL European Seller Conference!
Join one of the top conferences for Amazon sellers in Europe happening in Prague, the capital of the Czech Republic on March 13-16, 2024.
The event is designed for experienced sellers generating $1M or more in sales. Thoughtfully chosen speakers will provide solutions to the challenges and opportunities seasoned sellers face: launching new products, using internal & external product marketing tools, scaling the business, growing the team and much more.
It’s a perfect opportunity to connect with the 200 smartest European minds in the Amazon space. Visit the event's website and use code BDSN50 to save 50€ on your ticket (prices increase on December 1st).
✖️ GET YOUR ACCOUNT & ASINS BACK
Are you making the most expensive mistake an Amazon seller can make?
If you aren't resolving ASIN suspensions as quickly as possible, you're losing money - especially in Q4.
ecommerceChris, led by former Amazon investigators, knows how to get your listings back on track so you can get back to selling.
🧳 TO TRAVEL IS TO LIVE
My “why” has led me to visit 94 countries and all 7 continents. I create my life and work around my why. Not my why around my business.
I hope to inspire you in your journey of business and life with photos, a short video I filmed, and a brief description of my time there.
Magical Middle Earth
New Zealand, a land of unparalleled natural beauty, offers a kaleidoscope of experiences for every kind of traveler. Known as a haven for filmmakers and adventure enthusiasts, this remote country boasts a stunning array of landscapes, from glacial peaks and picturesque lakes to lush farmlands and pristine beaches.
The country's rise in popularity as a tourist destination can be traced back to the "Lord of the Rings" films, with tours available to explore the enchanting 'Middle Earth' locations.
Rich in Polynesian heritage, New Zealand is a cultural tapestry, with the native Maori culture being diligently preserved alongside the strong English influences from its colonial past.
For the outdoor enthusiast, New Zealand is nothing short of a paradise. The South Island alone offers a plethora of activities, from 4x4 mountain adventures and private boat cruises in Abel Tasman to highwire rides over forests and scenic flights over the majestic Milford Sound.
The thrill of adventure sports is omnipresent, with Queenstown being the epicenter for adrenaline-pumping activities like bungee jumping, jet boating, and skiing.
The country's diverse wildlife and pastoral landscapes are also noteworthy, with opportunities to encounter fur seals, hike to hidden waterfalls, and witness the unique skill of dog whistling for sheep herding. The pastoral life is a significant aspect of New Zealand's identity, with sheep and deer farming being prominent.
The allure of New Zealand's South Island is undeniable. From the vibrant fall colors in Christchurch to the serene beauty of Doubtful Sound, every corner of this island offers a story, a picture-perfect moment, and an unforgettable experience.
✌🏼 Have a great weekend. See you again on Monday.
The answer to today’s STUMP BEZOS is
sale of Sting's "Ten Summoner's Tales" CD on Aug. 11, 1994