Welcome to the Million Dollar Sellers Podcast hosted by MDS Member Nick Shucet. In this podcast you’ll learn how these amazing E-Commerce entrepreneurs got started, the mistakes they made along the way, the wins they have celebrated and where they are now.
Robert and his brother, Tom, started a mail-order business in their basement while in high school. They sold baseball cards and advertised in trade publications in the 80's. Their business model shifted to Ecommerce in early 2012, where they started on eBay, and later moved to Amazon. In this interview, he talks about how to get your maximum ROI by focusing on Amazon. Key Takeaways In this interview you'll learn these from Robert: Ecommerce didn't reinvent something that wasn't there. The difference was taking something from the analog world over to the digital world. If something hasn't worked for you, it doesn't mean it won't work for someone else. But that doesn't mean you shouldn't warn others of it. Network with people who've gone ahead of you because you may not see the future , but they can. Invest in a passive way that's “safe.” Where you don't have to worry about the management , collection, or operational end of it. Don't think that since you were successful in Amazon, it must translate to every other business because e-commerce and Amazon are far different. Ecommerce allows you to see if you'll succeed in a business in a relatively quick period of time. Each business has to look at their model and what they're selling and be aware of everything around them as much as possible. When you own the customer, especially with selling online, you can do more down the line. It's extremely difficult and problematic to sell branded items on Walmart compared to Amazon because of the size and depth of their catalog. The flat file contains some obsolete items that might confuse the a new seller, but you can customize it carefully and make your templates.
John Chartier built a multimillion-dollar company on his journey to finding a better life for himself. He picked up vital life lessons such as tenacity, hard work, simplicity, and determination from the challenges of homelessness. Learn how John kept his head above water while dealing with his own personal challenges. Key Takeaways In this interview, you'll learn the following from John: The profitability of dropshipping and wholesale compared to private label The impact of cash flow Experiences with Amazon loans How to approach a tax issue How to look at Amazon's consistently changing policies How to move forward from your own personal struggles
Elizabeth Grojean's background has always been in marketing. But her sabbatical to Bali in 2017 was the start of her Ecommerce journey. Although her intention wasn't to start a business, following the breadcrumbs led to it. Key Takeaways In this interview, you will learn this from Elizabeth's story and experiences: How passion can lead to a successful product on Amazon The effects of having a marketing background as an Amazon seller How important is PR for an Amazon business The mistakes people make with PR agencies When should you partner with a PR agency How to find a good PR agency
New York-based Amazon Best Seller, Mohammad, started off his e-commerce business at the age of 19. In 2018, his company won two recognitions for their 3500% revenue growth in three years, with a six-man team. Today, Mohammad owns 4 best-selling independent brands and ten acquired brands run by a team of 65 people. Key Takeaways The first few steps to scaling an Amazon business How a private label journey begins The steps involved in building a brand from scratch The results when hiring in-house compared to outsourcing Which part of your Amazon business should you invest on When to pursue markets outside of Amazon USA
Leslie Pierson and her 11-year old son run a thriving game business on Amazon. From making a million dollars in the first year after the launch of their card games, the business has evolved tremendously with a whopping $3.5 million turnover in 2020. Key Takeaways The benefits of Kickstarter in starting and growing a business What you need to get started on Kickstarter How to come up with creative ideas from Kickstarter How to use Kickstarter to develop an Amazon listing How to improve on ideas from other brands to create your own Why you should leverage Kickstarter for customer feedback
Mike Perillo's background in IT coupled with a passion for building and fixing computers has enabled him to build an automated business on Amazon. From surviving two flood incidents to going through a pandemic. Mike shares some of his biggest business lessons and future aspirations. Key Takeaways In this interview you'll learn these from Mike: What products can be personalized for print-on-demand How print-on-demand can be used for existing Amazon products The profit margins for print-on-demand businesses Who to hire for automation tasks How kids can start a business of their own
Mendy is proof that the MDS community cares for you even when you choose to leave Amazon. Listen to find out how the lessons he learned from the MDS community helped him in his new business venture, Panther Public Adjusting. In this interview you'll learn hear about this from Mendy: Amazon gives you the flexibility of doing your business anywhere so you have the freedom to choose your ideal environment. You can take the lessons you get on Amazon into another business. Don't worry about making money, worry about taking care of customers and money will come. Don't ever let somebody who doesn't have the power to say “Yes”, tell you “No.”
Leo Limin started to play around with search engines and landing pages in the early 2000s. Although he doesn't consider himself a good programmer, he learned HTML, JavaScript, and other coding languages. Meeting his partner, Johan helped him realize his dreams much faster. Some of the projects included Mexican yellow pages, Mexican Week, and even the Mexican Airbnb. Leo and Johan went into mobile games and applications that found their way into Disney. Leo got into Amazon with his product, a smart bulb, and learned all there is to know in the Amazon space. In this interview you'll learn these from Leo: Why you should consider hiring talents from Mexico. How the MDS community contributes to Leo and other members Are Amazon software tools safe to use? How to use QR codes for your business How to build a team and create an enjoyable workplace
As a veteran Amazon seller, Brandon faced unexpected challenges from selling outside the USA. He also discusses what it's like when the big players on Amazon use tactics to bring their competitors down. When Brandon joined the MDS, he was able to solve challenges quickly by leveraging his community. This allowed him to overcome unique challenges quickly and compete with big players. Key Takeaways In this interview you'll learn these from Brandon: how to react when Amazon requests tax payments for replacement items how he competed with a big Amazon player at double the price by grabbing 120+ sales a day from the competitors listing how to find opportunities in niches with a big price gap in product variations
When asked about his guiding principles to success, James Edwards gave us an interesting and practical answer. He also shared how you can push yourself to learn and gain valuable experience in any business. In the end, we asked him what sets a successful Amazon Seller apart from an unsuccessful one. Is it about the processes, principles, or something else? Key Takeaways It's okay for some product launches on Amazon to fail; be prepared to win some and lose some. Having fewer competition on Amazon usually translates to less reward Amazon Canada doesn't necessarily require rebates. Just PPC and you'll be fine If you don't know how to do something, just start and figure it out When you find someone you really like when hiring, stick with them If you choose to sell your Amazon business, a share sale might offer you tax benefits compared to an asset sale. Make sure to understand the pros and cons of your Amazon business sale structure. Gathering reviews from Amazon Canada before branching off to Amazon U.S can be really helpful in the launch Don't be heavily dependent on EOS and Processes because it stifles creativity
For about three years after high school, Jonathan Jesper lived in his van selling window ornaments. But the lessons he learned helped him build confidence in selling. He and his father lost $100,000 in a business they did together. So, he went on to sell flowers targeting graduating students. When he couldn't scale the flower business, he started selling other physical products in kiosks at shopping malls. He got into Amazon by listing products from a store closing that offered 70% off. And he shares his challenges and successes in this interview. Key Takeaways Actual accomplishment and results are very spiritual things. It's not just by luck or talent Whether you're going up or down, it's all part of the journey and it's all part of your success The numbers on the spreadsheet shouldn't dictate how you feel Door to door selling makes you face your limitations quickly No such thing as a bad experience
Reed discusses how he builds systems and processes that have been battle-tested over years of operation in every possible scenario imaginable. He'll show you how to take your hands off the busy work and be able to scale your business. Key Takeaways: how to speed up the onboarding process of Virtual Assistants how to stop problems before they happen how SOPs are crucial to scaling to your business how to create a system to keep up with Amazon as a constantly changing platform
Mike Jackness, a lifelong entrepreneur with a wealth of knowledge shares valuable insights into the tactics he uses to fuel his 5 businesses while making sure he has time with family, friends, and health.
Max's "if they can do it we can do it" attitude and how it propelled his team to the front lines of E-Commerce success. Listen in as he shares how finding and hiring A+ players is critical, how they prioritize company culture, what his GIANT new goal is, and how he has crafted a business that he looks forward to getting back to after vacation In this interview you'll learn these from Max: How they started their Amazon business What worked for their retail arbitrage business Why did they pivot to private label? The challenges they face and how they address them Their social and business support system with MDS Their 10X growth to reach $100 million in revenue by 2022 Let's dive in.
Corey started out his business on Amazon while still working as a physical therapist. Without any official training or guide, he was able to launch, survive COVID and bump his revenue by 150%. Key Takeaways In this interview, you'll learn this from Corey: The benefits of making healthy choices. How to delegate duties appropriately to the right people. Respect for people no matter who they are. Putting family first always. How to be Intentional about everything you do. The benefit of tracking business growth. How to set and achieve brand goals.
Nick sits down with Basim and Ramsha to discuss scaling to 8 figures and the road less traveled to getting there. Key Takeaways Focusing on impacting 1.5 million customers vs. $1,000,000 in revenue Taking time to invest in yourself and your relationships to get to 8 figures How gratitude played a role in their success
Learn how Prudence Millsap surrounds herself with energy boosters while managing her business, family, and partnerships.
Learn how Alex and Jerry Mills learned the importance of the collective power of a group of smart people
Learn how Lee Assoulin put his Amazon business on a permanent-growth trajectory by putting structures, partnerships, and systems in place.
Learn how Brian Kelsey grew his million-dollar Amazon business using a mix of people empowerment, market psychology, and the Base Pyramid.
Learn how Nick Shucet beat the odds against him, embraced his fears, built healthy self-esteem, and became a Million Dollar Amazon seller.
Learn how Rolando Rosas of MDS gets cuts through the noise in his market by developing and delivering clearer messages to his audience.
Learn how Fernando Campos hired generalists to start and now hires coaches and uses organizational structure to drive fast business growth.