💸 How much Amazon sellers make + World's #1 seller reveals secrets

You are invited to join us in Kaua’i, Hawai’i this May 18-23
for an incredible experience in paradise

Learning - networking - competing - bonding - relaxing

It’s one of the best investments you will make this year in your business. Plus you will have more fun than you can possibly imagine at a conference.

💰 BILLION DOLLAR STRATEGIES
 → USING AI to DEVELOP NEW PRODUCTS

According to Matt Wood, Amazon’s VP of AI at AWS, there are two big phases when designing a new product. The conceptual design (how a thing looks and feels), and the empirical validation of a design (its structural integrity and other functional attributes).

The goal of using AI in the process is to minimize the time between these two phases to enable a rapid cycle of design validation, enhancement, and revalidation. However, traditionally, this process has been hindered by the need for physical prototypes.

Amazon AWS AI tools aim to change that in a significantly accelerated concept to evaluation loop:

1. Initial Concept Design: The system begins with a basic design concept and employs artificial intelligence to generate numerous variations of an initial design.

2. Simulation and Analysis: For each variant, the system creates a NERF point cloud and a 3D mesh model, which are then subjected to comprehensive fluid dynamics simulations.

3. Optimization Cycle: Based on the outcomes of these simulations, the system identifies the most promising design variant. This selected variant is then used as the starting point for the next cycle of iteration.

An illustrative example of this process can be seen in the development of a car design, where multiple iterations lead to a progressively more aerodynamically efficient model.

🛠️ TWO COOL AI TOOLS for E-COM PRODUCT DEV

The above sounds fascinating, but for us non-nerdy Amazon sellers, here are two cool AI tools that can help in customer avatar building, product design and iteration that are easy to use and understand:

#1 => Keplo

Keplo has a groundbreaking approach to understanding your competitors' customers through review analysis.

By feeding Keplo with product review data, it unveils detailed buyer personas and their purchasing behaviors without needing direct sales data. The tool identifies demographics, usage patterns and even the emotional journey customers undergo from awareness to loyalty.

This intelligence facilitates the creation of better targeted listings and marketing, ensuring that content resonates with the intended audience.

#2 => Krea

At BDSS 9 Virtual in February, Matt Kostan won second place in the tools contest with this nifty AI tool that lets you draw an idea and then instantly turn it into a product rendering.

Matt is speaking in Hawaii at BDSS 10 sharing even more cool stuff!

Check out Krea:

Skyrocket your sales and business growth in Hawai’i
May 18-23 at the KAUA’I GRAND HYATT

💸 HOW MUCH DO AMAZON SELLERS MAKE?

Jungle Scout surveyed thousands of Amazon sellers to find out how much they make. They found that new Amazon sellers are earning an average of $29,412 in annual profits, with 40% of Amazon sellers grossing between $1,000 to $25,000/month, which translates to $12,000 to $300,000 in annual sales.

39% start selling with working capital of between $1K and $5K, while only 17% reported starting their Amazon journey with $10K or more. Jungle Scout reports over half of sellers (57%) see profit margins higher than 10%, and about 28% see profit margins above 20%.

🛍️ WHAT is the TYPICAL AMAZON CUSTOMER LIKE?

New data from market research firm Numerator indicates Amazon shoppers are most likely to be Gen X (1965 to 1981), middle-income ($40,000 to $80,000), white/Caucasian and female.

• Eight in 10 US shoppers are Amazon customers, and they place an average of 72 orders per year.

• Amazon's average customer is a white Gen X woman who earns about $60K per year and spends $2,662.

🌎 ECOM 23% of RETAIL SALES WORLDWIDE by 2027

In 2023, e-commerce made up 19.5% of global retail sales. Forecasts suggest that online sales will account for nearly a quarter of global retail sales by 2027.

📣 PROFITABLY SCALE PPC for ANY PRODUCT

The days of simply driving traffic to your listing and getting high conversions are over. 

The key is to understand what TYPE of product you sell and pick the RIGHT strategy to drive the RIGHT traffic to your listing.

Titan Network just released a brand new framework that’s been tested across 700+ SKUs and has already generated $100M in sales. 

Get the framework during their 5-Day PPC 2.0 Challenge starting Monday, March 11th and …

👍 get clear on what TYPE of product you sell
👍 discover WHICH PPC campaigns to run for your product
👍 see your how profitable your ads are per product
👍 get LIVE mentorship to take control of your PPC now

Register for the LIVE event here [ use code BDSN to make it just $7! ]

📣 Want to be featured in this section? 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 7,900+ subscribers.

🥇 $700M per year AMAZON SELLER’S KEYS to SUCCESS

Jabran Niaz and his brother run Utopia Deals, the top selling store on Amazon worldwide. Sales last year topped $700 million.

Jabran’s journey from a side hustle to becoming the platform's top seller is nothing short of remarkable. Starting in 2011, while still working in the software department at Bank of America, Niaz initiated his venture into e-commerce with a simple idea: selling high-quality home and kitchen products under the brand names Utopia Deals, Utopia Kitchen, Utopia Home and Utopia Bedding.

Initially viewing it as a way to earn extra income, he never anticipated that this venture would grow into a giant, boasting sales volumes that placed him at the top of Amazon's seller list and among the top 10 exporters in Pakistan.

His early shift from selling on eBay to Amazon marked a pivotal decision, leveraging Amazon's Fulfillment by Amazon (FBA) service to streamline operations and focus on scaling the business.

Jabran's strategy was centered on offering products of the utmost quality, a principle that became the foundation of his brand's identity. His decision to develop in-house software for supply chain management and profitability dashboards, alongside the significant move to shift manufacturing from China to Pakistan for better quality control and cost savings, were key factors in his success.

From generating a modest $200,000 in sales from the first container of towels to achieving milestones of million-dollar sales, his journey is a testament to the power of strategic planning, quality focus and operational efficiency.

Some key takeaways:

• Quality Over Quantity: Ensuring product quality is fundamental to building a brand's reputation and customer loyalty on Amazon.

• Adapt Manufacturing Strategies: Flexibility in manufacturing locations can lead to better quality control and cost savings.

• Continuous Learning and Adaptation: Staying open to learning from mistakes and adapting strategies accordingly is crucial for long-term success.

• Focus on Customer Centricity: Building a consumer-centric brand is key to standing out in a crowded marketplace.

✌🏼 BDSS 10 in Hawaii is a little over two months away. You coming?

See you again on Monday …

The answer to today’s STUMP BEZOS is
North Carolina, Georgia & Washington