7 Figure Seller Summit

The 80/20 of Ecommerce – April 16, 2021

Retail sales explode in March as consumers use stimulus checks to spend heavily

In the US, retail sales “exploded” in March mainly due to the $1,400 stimulus checks issued by the government.

According to CNBC, “Sporting goods, clothing and food and beverage led the gains in spending and contributed to the best month for retail since the May 2020 gain of 18.3%, which came after the first round of stimulus checks.” 

Furthermore, the outlook for 2021 seems very rosy as government stimulus is expected to inject a growth serum into the arm of the US economy.  

Some experts are predicting that this will be the “fastest economic acceleration in nearly 40 years.” 

But the long-term outlook once the economy weans itself off the government checks is less clear.  

All in all, I expect a strong year for ecommerce as the economy rebounds. 

Consumer Prices in U.S. Rise by Most in Nearly 9 Years​

If you’re in the US, you may have already felt this – A price hike on almost everything! 

US consumer prices rose the most it’s risen in 9 years this March. This was mostly due to reopenings after the Covid-19 lockdowns.

According to Bloomberg: “Goods prices rose 4.1% in March from a year ago, services up 1.8%” 

In addition “Car and truck rental prices rose 11.7% from a month earlier, most since June, while year-over-year increase was largest on record. Food prices climbed 0.1% from a month earlier, while energy costs jumped 5% in the biggest gain since September 2017.”

Another key reason for the price increases are COST INCREASES.  

According to a study by the Institute of Supply Management, “more than half of service providers reported paying higher prices in March, the largest share since 2011. The ISM’s manufacturing survey showed about 72% of manufacturers said the same — the second-most since 2008.”

What does this mean for ecommerce sellers? 

If you’ve been feeling the pinch in your supply chain (rising product costs, shipping bottlenecks, additional 3PL costs, tariffs, etc) this may be a valid reason to raise your prices if you haven’t already.

Profitability is one of the key factors that keeps businesses in business so as the rest of the economy is raising its prices it may make sense to adjust your pricing (within reason) now.  

Here are some things you may have missed from earlier this month:

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.

Leave a Comment:

34 comments
binance "oppna konto says

I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Reply
www.binance.com sign up says

Your article helped me a lot, is there any more related content? Thanks!

Reply
注册免费账户 says

Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Reply
创建个人账户 says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
Skapa ett gratis konto says

Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/register-person?ref=QCGZMHR6

Reply
open binance account says

Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.info/zh-CN/register-person?ref=WFZUU6SI

Reply
Binance开户 says

I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Reply
Binance创建账户 says

Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

Reply
Binance美国注册 says

Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

Reply
binance referal code says

Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.info/register?ref=JW3W4Y3A

Reply
free binance account says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
binance signup says

Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Reply
fnf mid fight masses gender inversion says

FNF Mid Fight Masses Gender Inversion has a nice balance of challenge and music. It feels like a solid mod for a quick FNF session.

Reply
fnf friday night slashing jeff the killer says

Just played FNF Friday Night Slashing Jeff The Killer and liked the style a lot. The song pacing keeps it interesting without feeling too messy.

Reply
friday night slashing jeff the killer fnf says

Friday Night Slashing Jeff The Killer FNF is a nice pick if you enjoy Friday Night Funkin mods. The theme works well and the rhythm sections feel satisfying.

Reply
binance Sign Up says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
anm"ala dig till binance says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
binance US-registrera says

Your article helped me a lot, is there any more related content? Thanks!

Reply
binance h"anvisningskod says

I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Reply
phacejili says

Everything is just perfect from the registration to the withdrawal. The most user friendly site I have used. Try out phacejili if you are unsure.

Reply
binance kod says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
bd2777bedapk says

I was skeptical at first but the app performance is top notch. Smooth transitions and quick loading times. Highly recommend downloading bd2777bedapk if you want a hassle free experience.

Reply
binance US-registrera says

Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

Reply
Binance推荐 says

I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Reply
bdqq7777 says

Honestly one of the most intuitive sites I have encountered. I really enjoy the overall experience on bdqq7777.

Reply
Binance创建账户 says

Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

Reply
vipjililogin says

The VIP perks are a game changer. It makes playing feel much more rewarding and exclusive. vipjililogin

Reply
krktwin33 says

Finally found a site that actually cares about its users. The customer support team is super helpful and the bonuses are actually worth it. Love krktwin33 so far.

Reply
binance Register says

Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.info/vi/register-person?ref=MFN0EVO1

Reply
Binance पंजीकरण says

I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Reply
Creati un cont personal says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Reply
binance h"anvisningsbonus says

Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.bh/register?ref=IHJUI7TF

Reply
Binance推荐代码 says

Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

Reply
brcassino222 says

I’ve been playing here for a few weeks now and the payouts are surprisingly fast. Definitely one of the smoothest experiences I’ve had lately. Check out brcassino222 for a great time.

Reply
Add Your Reply