7 Figure Seller Summit

The 80/20 of Ecommerce – June 4, 2021

Q1 2021, 55% of products sold on Amazon were marketplace sellers’ items. 

3rd party Amazon sellers continue to sell more as they now account for 55% of all products sold on Amazon.  

According to data from Amazon.com you can see a steady growth in the percentage or products sold on Amazon by 3rd party sellers.  

Several years ago, Jeff Bezos was quoted as saying that 3rd party sellers were “kicking our butt” but he doesn’t seem to mind as this is reducing the inventory risk that Amazon needs to take on.  It also gives Amazon valuable opportunities to capitalize on the advertising front (e.g Amazon PPC).  

And it gives Amazon valuable data in what products are selling well so they can focus on the high potential products in the while label line Amazon Basics.  

The Amazon FBA train continues to chug along!

Live Masterclass: Amazon Europe Expansion Post Brexit in 2021

Jérôme de Guigné, the Founder and Managing Director of e-Comas. Making eCommerce simple. He is an Amazon expert with 20 years of experience in brand management and distribution, and an inside-out knowledge of how Amazon works.

In this 60-min training, you will learn:

[3:00] Europe is bigger than US market

[5:01] Understanding Europe

[8:00] Nav Europe is complex

[12:35] The Fulfillment Options

[13:30] Fulfillment options

[16:47] VAT

[32:50] Our Recommendation

Book a call with E-Comas to get more help on Amazon EU expansion. www.e-comas.com/calendar

Exciting news. The next 7 Figure Seller Summit will launch August 16th to 20th. More details coming soon.

I really want to make this the best summit so far and we want to make it as valuable to you as possible. That’s why I’d love to get your feedback. If you can fill this short survey, it would really help my team and I create the best event we can to help you with your Amazon and Ecom business! https://forms.gle/HouPfqTY5du7KRsv8

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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