7 Figure Seller Summit

The 80/20 of Ecommerce – May 28, 2021

Amazon Prime Day 2021 expected to be June 21 and 22

According to a report by Bloomberg, “Amazon.com’s Prime Day sale will be held June 21 and 22”.  

Last year Prime Day was moved to October due to COVID, but this year it has returned to its regular summer date. 

If you’re a seller, expect A LOT of promotional opportunities to slash prices (which may not necessarily be a good thing).  And I also expect a lot of competition between sellers.  

Mark your calendars!

Source: Amazon.com

India COVID Charity Fundraiser continues

As Covid has left the nation of India in grief, my friends Meghla, Margaret & Kevin from India Sourcing Network hosted a virtual “Charity Singathon” in collaboration with Deepalaya, a non-profit organization in Delhi. The event is to help raise funds to help underprivileged families affected by COVID in India.

They have already raised over $9,000 and have a goal of $20k to help needy families and children purchase food and sanitation kits.  

If you can contribute anything at all it would be a great help. 100% of the proceeds will go directly to the charity and families in need. 

Stay safe and Thank you!

Donate now.

Live Training on 3 Ways to Deploy Capital to Scale your Ecommerce Business

Tomo Matsuo is the President of Yardline Capital, a provider of growth capital, business tools, and competitive insights for sellers on Amazon, eBay, Etsy, Shopify and more. 

In this 60-min training, you will learn:

[8:55] Finding the optimal capital allocation among different opportunities

[11:00] The Growth Capital Math

[17:20] Tips for sellers for managing cash flows to ensure optimal inventory levels

[19:05] Beware having too much capital as you also have to take on too much risk

[20:35] Cash flow management and supply chain

[22:55] Storing extra inventory in 3PLs vs shipping directly from the manufacturer

[25:42] IPI score is like your credit score; the better the score, the beter the sellers

[32:18] Recommendations in deploying capital into marketing

[38:20] Expanding horizontally from Amazon

[48:09] Hiring people once you get to a certain scale

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

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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