7 Figure Seller Summit

The 80/20 of Ecommerce – July 2, 2021

China’s manufacturing softens in June amid export weakness

In a report by Business Hala, “China’s factory output and consumer spending have rebounded to above pre-pandemic levels but export demands are uneven as governments fight the outbreaks of the new coronavirus variant.” 

China’s manufacturing activity in June dipped slightly as export demand decreased and manufacturers dealt with supply constraints. The numbers of new export orders, production, and factory gate prices all decreased.

According to Business Hala “The index of production fell 0.8 points to 51.9 from May. New export orders fell by a similar margin to a one-year low of 48.1. This was offset by strong domestic demand, which raised the measure of new orders by 0.2 points to 51.5.”

India Sourcing Network launches on July 2nd, 2021

Are you thinking of sourcing away from China?  If so, one of the biggest alternatives is India.

But as you may know Alibaba doesn’t work so well when it comes to sourcing Indian suppliers.  

That’s why I’m super excited to learn that my friend Meghla Bhardwaj is launching India Sourcing Network

This is a site that includes everything you need to source Private Label products from India.  Meghla and her team promises:

  • Ways to find Indian Suppliers
  • Connect with Service providers
  • Learn more Information on sourcing PL products from India

To kick things off, you’re invited to join the India Sourcing Network launch party here! 

When: Fri Jul 2nd at 8pm EST (launch date: Friday Jul 2, 8PM ET) 

Where: https://www.youtube.com/watch?v=wGokEpb39vU

Here’s a preview of what to products you can expect from India:

Upcoming webinar “Building customer and brand avatars with Ben Leonard” Friday, July 2nd, 4 PM EST

Link: https://www.youtube.com/watch?v=6TExhKMRuXs

You will learn:

  • How to build a brand avatar
  • Why do they need to do it?
  • Ultimately help you build a brand – important asset when selling 

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

Have a great weekend!

Gary

PS: If you haven’t already, I’d love to hear your feedback about the next 7 Figure Seller Summit launching this Aug – pls fill out this 5 min survey to help me create the best online event to build, grow, and exit your ecom business.  7FSS5 Pre-event Survey

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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