7 Figure Seller Summit

The 80/20 of Ecommerce – June 25, 2021

Amazon Prime Day 2021 breaks sales records even though less products were on “sale”

According to Adobe Analytics, “Overall, online spending during the two-day event surpassed $11 billion, a 6.1% increase compared to last year’s Prime Day held in October.”

However due to supply chain disruptions such as increased freight costs, less shipping capacity, and Amazon’s own restrictions on inventory for 3rd party sellers, many sellers were faced with less inventory than before.  As a result many sellers resisted offering deep discounts this Prime Day fearing running out of stock.

Prime Day sales were still robust however in what will be Jeff Bezos’ final Prime Day as CEO.  

How to Hire an Amazon VA Masterclass with Ana Santiago – Replay

One of the biggest mistakes sellers make as they grow and scale their business is hiring too late.

For established sellers that are running a profitable business, hiring VAs can be one of the best ways to unchain yourself from your business so you can work ON your business, not IN your business.  

I invited Ana Santiago from Outsource school to answer your top questions about How to Hire an Amazon VA. 

If you missed the live training, here’s the video replay where you will learn:

[10:22] How much money should I budget to hire them? 

[11:00] Do I need to hire them full-time? 

[16:02] Which country should you hire from and why? 

[19:16] How much to pay for VAs?

[21:10] How to build culture and relationships with VAs

[22:16] The importance of family

[23:40] The 3 types of VAs and which one you need

[26:02] What tasks should you hire VAs for? 

[28:52] Do you need to hire VAs full-time? 

[34:00] Stay away from decreasing hours

[34:30] How much does a VA cost

[36:02] The $1/hr VA

[39:10] How much should you spend on hiring VAs

[39:55] How do you start hiring – let’s do the math 

[42:45] What if VAs have multiple clients?

[46:32] How to reduce the risk of hiring a VA

[51:00] What VAs look for in clients 

[52:31] How to conduct interviews? Zoom vs Slack?

[57:40] After you hire them how do you manage them? 

As a special bonus, Ana offered a free consultation to help you and answer any questions you have about hiring an Amazon VA.

Book a call with her here: https://www.outsourceschool.com/consultation/

Spots are very limited. So book early to avoid disappointment.

Use coupon code and get 25% off Outsource School: 8020

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

Have a great weekend!

Gary

PS: I am excited to announce that the award-winning 7 Figure Seller Summit will be coming back this August 16-20, 2021!  I am on a mission to create the best online event to help you build, scale and exit your Amazon and e-commerce business but I need your help.

Can you fill out this 5 min survey to share your challenges with your 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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