- Billion Dollar Sellers
- 🛩️ How to get rich (sell on Amazon?)
🛩️ How to get rich (sell on Amazon?)
VIRTUAL BDSS TICKETS GO ON SALE NEXT WEEK!
Game-changing live event going down Feb 20-22
GREETINGS from IRVINE - HERE FILMING FREEDOM TICKET 4.0
🚌 A few things you can learn from Jeff Bezos
🛩️ How to get rich (build brand on Amazon)
🔥 The hottest thing in crypto and e-commerce
💸 Amazon hits $700 billion in GMV
🏪 Storefront stalking on Amazon
🖥️ New vertical video ads crushing ROAS
🐶 Dream 100 member helping underdogs win on Amazon
💰 BILLION DOLLAR STRATEGIES
→ what you need to know to make moolah
Jeff Bezos once said:
"You can be grinding for four years with no results, and in the 5th year, become the biggest thing on the planet. The power of not giving up is real."
A few more things you can learn from Jeff:
"A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well."
"If you double the number of experiments you do per year, you're going to double your inventiveness."
"Your brand is what other people say about you when you're not in the room."
"The common question that gets asked in business is, 'why?' That's a good question, but an equally valid question is, 'why not?'"
"Invention is not disruptive. Only customer adoption is disruptive."
"We are stubborn on vision. We are flexible on details."
"If you’re not stubborn, you’ll give up on experiments too soon. And if you’re not flexible, you’ll pound your head against the wall and you won’t see a different solution to a problem you’re trying to solve."
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🌎 STATS YOU SHOULD KNOW
JMP analysts estimate Temu and Shein spent $600M and $200M, respectively, on Meta ads in Q3 2023.
🛩️ HOW to GET RICH (build brand via Amazon)
💸 AMAZON HITS $700 BILLION in GMV
In 2023, Amazon, alongside its third-party sellers, achieved a landmark $700 billion in gross merchandise volume (GMV), marking a significant milestone that reflects the platform's colossal presence in the global retail market.
That’s an 11% year-over-year increase, with Amazon's direct 1P sales hitting $220 billion (up 6%) and third-party sales soaring to $480 billion (up 13%).
This growth underscores the pivotal role of Amazon's marketplace, which now constitutes the majority of its business, driven by a strategic shift towards empowering third-party sellers.
This marketplace-centric approach has led to a doubling of Amazon's sales since 2019, with third-party sellers contributing approximately 75% of the incremental GMV.
Central to Amazon's success is its unmatched fulfillment network, highlighted by CEO Andrew Jassy's recent report of delivering over 7 billion items with unprecedented speed while reducing cost-to-serve per unit for the first time since 2018.
🏪 STOREFRONT STALKING on AMAZON
Reverse sourcing, or “storefront stalking,” can completely change your Amazon new product discovery strategy. You can discover new products as soon as they're listed to gain a competitive edge.
Storefront stalking is the act of finding competing third party sellers on Amazon and researching their products to find products to sell.
Here’s a walkthrough of how to do it.
At its core, you use tools like Keepa to find products that are similar to what you want to sell on Amazon, then look through stores selling similar items to find storefronts that produce opportunities with profit potential.
If you want to automatically get notified when storefronts you’re monitoring have new stock, you can use a tool like Storefront Stalker Pro.
It will let you know every time a new product is added to an Amazon storefront so you can check and source that lead right away.
🖥️ VERTICAL VIDEO ADS CRUSHING ROAS
Dream 100 member and BDSS 10 Hawaii speaker Destaney Wishon says the new vertical video ads on Amazon are crushing it in early tests.
Customers are used to vertical video formats from platforms like TikTok and Reels, and it is now translating well to sales on Amazon.
She says there is a definite first-mover advantage right now for early adopters. Destaney recommends you try them right away for your brand on Amazon.
In a case study with Better AMS client Garden of Life, they experienced a 320% better than normal click through rate and a huge boost in ROAS.
🐶 HELPING the UNDERDOG WIN on AMAZON
The magic man and Dream 100 member, Tomer Rabinovich, is well known for his annual Top Dog Summit and for consulting some of the most prominent ballers in the industry, from aggregators to 7 and 8 figure sellers.
Now he has launched a program called UnderDog University for new sellers to help them launch like the big dogs.
It’s FREE for 30 days and then just $59 per month for Founding Members. Check out all the details here.
Want to be featured in the section above? Use your referral link in this email to refer at least 10 active subscribers to get your event, course, webinar or tool “Shouted-Out” free to 7,500+ engaged subscribers.
🔥 HOTTEST THING in CRYPTO & E-COMMERCE
Farcaster is the hottest thing in crypto right now, and it may have implications for what could be coming in e-commerce advertising.
Users say it is a better shopping experience than 80% of e-com sites.
A new feature called “frames” just went live in late January.
It lets users turn posts with images, links, buttons, etc. into interactive apps.
For example, someone created a full e-commerce experience for ordering Girl Scout Cookies using a Farcaster frame. It lets you …
Shop for your favorite Girl Scout cookies (Samoas, of course)
Place the order
Pay for the order
… directly within the frame, without ever having to leave to an external site or another app.
A full shopping cart and checkout flow for ordering Girl Scout Cookies in a frame. Yummy to the tummy.
Here’s a demo:
✌🏼 Don’t forget to mark your calendar for the BDSS Virtual Summit Feb 20-22!
Enjoy Super Bowl Sunday! See you again on Monday …
The answer to today’s STUMP BEZOS is
Jeff still own 9.56%