7 Figure Seller Summit

80/20 of Ecommerce 8/13/21

*BREAKING* Due to Covid-19, China has shut down terminal at Ningbo Port, 5th busiest port in the world 

According to the South China Morning Post, on Wed Aug 11, 2021 “China’s Ningbo-Zhoushan Port, has closed one of its terminals (Meishan) indefinitely after a vaccinated worker tested positive for the coronavirus.”

Source: Reuters – China has shut down the Meishan terminal at Ningbo Port – 5th busiest port in the world

What does this mean?

If you have an upcoming sea freight shipment shipping out of FOB Ningbo Port – you should check with your freight forwarder now about the impact of the Meishan Terminal closure.

What can you do? 

Supply Chain professionals are quickly shifting shipments to the Port of Shanghai.  However that may come at an additional cost and capacity may fill up quickly as Shanghai is already the busiest port in the world.  

Takeaway: Remember what the 7 and 8 Figure Sellers at the 7 Figure Seller Summit are saying – Be agile and pivot quickly!!

Mobile Ecommerce market share growing and expected to double to $359 B in the US by 2025 

eMarketer released a report recently on Retail “Mcommerce” sales which includes online sales made over mobile devices.  

  • 2020 US mcommcerce grew by 41%
  • 2021 US commerce sales expected to grow by 15%

“New technologies, such as AR, 5G, and more seamless buying through one-touch systems like Apple Pay or Google Pay, will continue to drive growth in the future. 

New channels—including social commerce, live shopping, and influencer direct selling—will also spur growth.”

If you’re selling on Amazon or Ecommerce, it makes sense to optimize your listings to consider shoppers who are browsing on their phones and tablets.  This trend will only grow bigger and bigger. 

Tips for Selling on Amazon FBA in 2021 from 7 and 8 Figure Sellers

Recently I was featured on the OrangeKlik Podcast and shared the top strategies for selling on Amazon FBA 

Think of it as a high level overview of what you’ll learn at the 7 Figure Seller Summit. 

You’ll learn:

  • What 7 and 8 Figure Sellers are doing to overcome Amazon inventory restrictions, increased shipping prices, and logistics problems. 
  • How top sellers are managing their businesses and increasing their profitability 
  • Quick tips to prepare for an exit

YouTube Link: https://www.youtube.com/watch?v=2hHkIQpBgG8

Here’s your ticket to selling on Amazon Globally (Sponsored message from Zonguru)

Zonguru is sponsoring the 7 Figure Seller Summit and their team of Amazon experts understand the importance of earning additional income outside of a traditional job.

Their all-in-one FBA tool suite gives you the data needed to find and launch a product, get to page one, and grow your business in Amazon’s growing marketplaces, like Australia and India.

The stats show that scaling into these growing marketplaces now–while the iron is hot–will set your business up to rise with the eCommerce boom.

To ensure you have the tools you need to find the right product in the right marketplace: we are giving you a 1-year subscription to the ZonGuru Seller Package at almost 40% off!

You will also get these FREE bonuses:

  • Product Tracker Sheet to stay on top of your research (Worth $50)
  • FBA Calculator to see how much profit potential a product has in any market (Worth $50)
  • Niche Finder to find your ideal niche (Worth $120)
  • Researcher 13 days Challenge to show you how to find and launch a product in just 13 days. (Worth $50)

In total, this package will save you $438. 

Get this special offer here ?https://zonguru.link/7figureoffer

7 Figure Seller Summit 5 is only 3 days away!  

Join over 1,500 sellers who have already registered for the award winning 7 Figure Seller Summit which launches online Aug 16-20!

You will learn the latest strategies, how to overcome the logistics challenges and high shipping rates, as well as how to prepare for an exit from over 30 7 and 8 Figure Sellers and ecommerce experts.  

If you haven’t already – Get your free pass now!

Here are some things you may have missed from last week:

Have a great weekend!

Gary

About the Author sevenfiguresel

Meet Gary Huang, the creator of the AI for Amazon Sellers 28 Day Challenge and the founder of the 7 Figure Seller Summit. Gary's journey in the ecommerce world began in 2005, when he launched his first private label brand selling women’s shoes on eBay. Since then, he has steadily grown a portfolio of ecommerce brands on platforms like Amazon and Shopify, serving customers in marketplaces across the globe.

But Gary's experience isn't limited to just ecommerce. With a decade of corporate experience under his belt, he has managed supply chains in Shanghai, China, overseeing multimillion-dollar sourcing campaigns. This broad range of knowledge has provided him with a unique perspective on the ecommerce industry, which he now shares with others through his various initiatives.

He is a highly regarded figure in the ecommerce space, with his strategic insights and innovative approaches widely recognized in prominent media outlets including Forbes, NPR, and Bloomberg.

Recently Gary’s fascination with AI came from a simple observation: AI was changing everything, everywhere, all at once. This impact is affecting everything from education, politics, the arts, to ecommerce businesses.

This led him to spend hundreds of hours testing AI applications in his own business and interviewing other successful Amazon sellers and ecommerce experts at the AI and ChatGPT Summit for Amazon sellers.

His aim was to find out how AI could be used to grow ecommerce businesses, save time, and increase profitability. The insights he gained have played a crucial role in shaping the AI for Amazon Sellers 28 Day Challenge.

Outside of his own ventures, Gary has shared his expertise on platforms like the Helium 10 podcast, Jungle Scout's Million Dollar Case Study, Webretailer.com, and the Global Sources Summit. His understanding of global trade was even acknowledged when he served as the Chair of the American Chamber of Commerce in Shanghai's Supply Chain Committee, briefing White House Congressional officials on US-China trade and supply chain strategies.

Despite a career that has taken him around the world, from his native Los Angeles to Shanghai and now Japan, Gary remains down-to-earth, focusing on his role as a husband and father. His experiences, both personal and professional, inform his approach to business and the advice he shares through the 28 Day Challenge.

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