Podcasts about Canton Fair

GFA 462. Mike shares trends from his Asia trip with highlights from the Canton Fair, Singapore's rise in finance, and Vietnam's seller boom — plus how AI is reshaping the future of work. The post Podcast Future Trends, Learnings from Canton Fair, Hanoi, Singapore with Michael Michelini appeared first on Global From Asia.

For full show notes go to https://www.globalfromasia.com/future-trends/ The post GFATV 462 Podcast Future Trends, Learnings from Canton Fair, Hanoi, Singapore with Michael Michelini appeared first on Global From Asia.

GFA 461. Join us live from the Canton Fair 2025 for a timely episode on rising tariffs, trade tensions, and survival strategies from global trade experts. The post Canton Fair 2025 Insights: On-the-Ground Reactions to Trade Tensions and Tariff Talk with Industry Experts appeared first on Global From Asia.

For full show notes go to https://www.globalfromasia.com/tariff-2025/ The post GFATV 461 Canton Fair 2025 Insights: On-the-Ground Reactions to Trade Tensions and Tariff Talk with Industry Experts appeared first on Global From Asia.

Es gibt keine Kunden aus Deutschland, Frankreich oder den Vereinigten Staaten teilt ein chinesischer Exporteur auf der Canton Fair, der größte Handelsmesse Chinas, der Epoch Times mit.

Over 30,000 companies are participating in the 137th edition of the China Import and Export Fair in Guangzhou.

Kian Golzari returns for a record 6th time on SSP to share sourcing tips, tariff strategies for 2025, Canton Fair insights, & stories of custom iPhones for Real Madrid stars! ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos World-renowned expert Kian Golzari makes history with his sixth appearance on our show, bringing unparalleled insights into the world of product sourcing and development. Discover his journey of delivering custom gold iPhones to Real Madrid's soccer icons, and explore innovative strategies to navigate the tariffs landscape in 2025. Kian offers a rare glimpse into the Canton Fair's pivotal role in global supply chains and extends a special opportunity for our listeners to connect with his personal sourcing agent in China, alongside a complimentary one-on-one call with him. Listeners are in for a treat as we explore the importance of self-care amid the entrepreneurial hustle. Kian shares his commitment to fitness through cold baths and workouts. We dive into the world of functional strength and endurance with events like Hyrox and embark on travel tales from the scenic landscapes of Wales to the cultural vibrancy of Scotland. Navigating the complexities of global sourcing and evolving tariffs becomes a breeze with our comprehensive guide, spotlighting platforms like Alibaba and the strategic "China plus one" approach. Kian shares his wisdom on building strong supplier relationships and leveraging the Canton Fair for direct connections with industry leaders. Embrace the future of product development as we discuss the role of AI, while reminding listeners of the irreplaceable value of human judgment in selecting the right factories. This episode promises a wealth of knowledge and inspiration for anyone in the e-commerce landscape. In episode 654 of the Serious Sellers Podcast, Bradley and Kian discuss: 00:00 - Expert on Product Sourcing and Development 01:56 - Connections With Global Superstars in Sports 06:01 - Discussing Hobbies, Travel, and Tariffs 16:35 - Navigating Global Sourcing and Tariffs 19:34 - Strategies for Beating Tariffs in 2025 20:45 - Navigating Canton Fair and Sourcing Strategies 24:09 - Traveling to China on a Budget 26:32 - Product Sourcing with AI Innovation 31:15 - Issues and Innovations in Product Development 32:30 - Amazon Conference, Summit Collaboration, Sourcing

In this episode, Chris Davey discusses his journey in e-commerce, the growth of his networking event at the Canton Fair, and insights into navigating the complexities of sourcing from China. We share our experiences about the safety concerns in China, travel challenges, and the importance of thorough research when attending trade shows.    We also talk about the networking opportunities going to China provides for Amazon sellers. We delve into the intricacies of product sourcing and development in the e-commerce space, particularly focusing on the advantages of Chinese manufacturing. We discuss strategies for identifying niche markets, the importance of building strong relationships with suppliers, and the rapid product development process that allows sellers to capitalize on emerging trends. The conversation also highlights the significance of differentiation in a competitive market and the benefits of being a first mover. The Big Takeaway Chris's product sourcing strategy involves developing accessories for popular products. The Canton Fair is divided into three phases, each focusing on different product categories. Networking is a key benefit of attending the Canton Fair. Post-COVID, there are fewer American attendees at the Canton Fair. Visa regulations for entering China can be complex and vary by nationality. Chris emphasizes how important of visiting suppliers' factories in China. Attendees should plan for at least 10 days to fully experience the Canton Fair. Designing accessories around popular products is effective. Predictive keyword popularity can lead to successful products. Niche markets can provide significant opportunities. Building relationships with factories is crucial for success. Rapid product development is key to staying competitive. Differentiation is essential in a crowded market. First-mover advantage can lead to increased sales. Networking events like FBA for You foster community among sellers. Timestamps 00:00 - Introduction to FBA4U and Chris Davey 01:57 - Chris's Journey to E-commerce and Canton Fair 06:02 - Growth of FBA4U and Networking Opportunities 09:56 - Safety and Visa Concerns in China 15:54 - Canton Fair Insights and Supplier Strategies 23:32 - The Speed of Chinese Manufacturing 24:15 - Innovative Product Sourcing Strategies 27:15 - Niche Markets and Competitive Advantages 30:02 - Building Relationships with Factories 32:10 - Rapid Product Development Process 35:13 - The Importance of CAD in Product Design 39:11 - Differentiation in a Competitive Market 43:24 - Leveraging First-Mover Advantage 44:55 - Managing Minimum Order Quantities 46:51 - Building Strong Supplier Relationships 50:18 - FBA for You: Networking and Community Thanks for listening! Until next time, happy selling!

Trump's Tariffs for Amazon Sellers Welcome back to Seller Sessions, where we dive deep into e-commerce strategies to help sellers thrive. This episode features the returning expert Kian Gulzari, sharing actionable insights on how to navigate the recent tariff threats, optimize sourcing strategies, and effectively prepare for Chinese New Year challenges. Key Discussion Points Impact of Trump's Proposed Tariffs Fentanyl Crisis Connection: President Trump's proposed 10% tariff on Chinese goods is a response to the U.S. fentanyl crisis, allegedly linked to China. This could have significant implications for sellers importing from China. Immediate Actions for Sellers: Use a cost calculator to evaluate the impact of a 10% increase on your landed cost. Negotiate reduced supplier costs if your margins are slim. Implement a China Plus One Strategy to diversify your supply chain, sourcing from countries like India, Vietnam, or El Salvador. Sourcing Diversification Tools Alibaba's Country Filter: Quickly identify suppliers from alternative countries based on your product's raw materials. Import Yeti: Research where top brands source their products and identify potential suppliers in non-China regions. Challenges with Mexico as an Alternative Trump has also threatened a 25% tariff on Mexican goods, complicating plans for those sourcing from or considering Mexico as a secondary supplier. Preparing for Chinese New Year Production Challenges: Workers may rush production before leaving, leading to potential quality issues. Not all workers return after the holiday, resulting in possible delays and retraining periods. Key Tips: Schedule pre-shipment inspections to ensure quality control. Communicate proactively with suppliers about timelines. Avoid placing critical orders immediately after the holiday to allow time for new workers to adjust. Long-Term Strategies for 2024 and Beyond Building Strong Supplier Relationships Visit your suppliers' factories to foster better communication and gain insights into their processes. Negotiate better terms, such as reduced deposits or extended payment deadlines. Leveraging Annual Forecasting Provide suppliers with a forecasted order plan for the year to: Secure economies of scale. Reduce lead times by pre-ordering raw materials. Maintain consistent product quality. Factory Insights and Cost Optimization Understanding factory processes can reveal opportunities to streamline production and reduce costs. For instance: Adjusting design elements to accommodate machinery rather than manual work can save time and materials. On-site visits allow you to identify inefficiencies in real-time. Future-Proofing Your Supply Chain Be proactive in exploring global sourcing options, staying prepared for potential geopolitical or economic disruptions. Enhance your expertise by engaging in communities like Sourcing School or attending the Canton Fair. Key Takeaways The proposed tariffs and geopolitical shifts demand flexibility and strategic planning in your sourcing approach. Diversification is critical—explore multiple sourcing options and prepare contingency plans. Building strong, long-term relationships with suppliers can save costs and improve quality. Properly plan for Chinese New Year to avoid delays and ensure consistent product quality. Final Advice from Kian: “The best way to optimize your sourcing is to be on the ground—visit your suppliers, negotiate terms in person, and develop products collaboratively.” Connect with Kian YouTube: Sourcing with Kian – Expert tips and sourcing insights. Community: Sourcing School – Learn advanced strategies to elevate your e-commerce game. Resources and Links Looking for a Free PPC Audit? Databrill Out Now on SellerSessions.com: "The Cold Reality of the Honeymoon Period and External Traffic" Join the Conversation: Your feedback matters! Drop a comment, share your thoughts, and let's learn together. Remember, sharing is caring—hit the like button, give us some love, or share this post with someone who'll benefit!

In dieser neuen Folge berichten Nicklas und Timm von ihrem spannenden Trip nach China, bei dem sie eine neue Marke von Grund auf aufgebaut haben – inklusive direktem Sourcing auf der Canton Fair und intensiven Preisverhandlungen. Erfahrt, welche kulturellen und geschäftlichen Insights sie gesammelt haben und warum diese Reise ein Gamechanger für ihren Marktplatz-Start wird!

The G20 Summit in Rio de Janeiro will help foster global consensus and bridge differences, creating a favorable environment for entrepreneurship that can help tackle today's global challenges and support sustainable development, said Gao Jian, director of the Entrepreneurship Research Center on G20 Economies at Tsinghua University.清华大学二十国集团（G20）创业研究中心主任高建表示，里约热内卢G20峰会将有助于凝聚全球共识、弥合分歧，为创业创造良好环境，从而帮助应对当今全球挑战、支持可持续发展。"The G20 is a broad international mechanism that includes both developing and developed countries, ensuring representation from various regions and continents. Each participant plays a unique role. Therefore, the annual G20 Summit and its agenda are indeed beneficial for global economic development," Gao said.高建认为，“二十国集团是一个广泛的国际机制，既包括发展中国家，也包括发达国家，确保了各地区和各大洲的代表性。每个参与者都发挥着独特的作用。因此，一年一度的G20峰会及其议程确实有利于全球经济发展”。"This year's theme — 'Building a Just World and a Sustainable Planet' — indicates that in global development, every economy aims to create more employment opportunities, secure a good position in global trade, and avoid falling behind. However, this must not come at the expense of sustainable development, which requires addressing employment issues and the green and digital transition," said Gao, who is also professor at the department of innovation, entrepreneurship and strategy at Tsinghua's School of Economics and Management.“今年以‘构建公正世界和可持续星球'为主题表明，在全球发展中，每个经济体都希望创造更多就业机会，在全球贸易中占据有利地位，避免落后。然而，这绝不能以牺牲可持续发展为代价，其需要解决的问题包括就业、绿色转型和数字化转型。”清华大学经管学院创新创业与战略系高建教授说。"Only through global cooperation and joint efforts can we achieve sustainability. And in this process, companies need to update technologies, reduce carbon emissions and foster new innovation.“只有通过全球合作和共同努力，我们才能实现可持续发展。而在这一过程中，企业需要更新技术，减少碳排放，促进新的创新。”"Innovative entrepreneurial companies are essential for providing new solutions to solve these problems. For instance, China's globally leading electric vehicle industry, largely driven by startups, exemplifies this," Gao said.“创新型创业公司对于提供解决这些问题的新方案至关重要。例如，中国的电动汽车产业在全球处于领先地位，而这主要是由初创企业推动的。”高建表示。The Entrepreneurship Research Center on G20 Economies was established in 2017 to promote the implementation of the consensus reached by G20 leaders at the Hangzhou Summit the previous year.二十国集团创业研究中心成立于2017年，旨在推动落实二十国集团（G20）领导人在前一年的杭州峰会上达成的共识。In the G20 Entrepreneurship Action Plan adopted at the G20 Labour and Employment Ministers' Meeting in 2016, it pointed out that waves of technological change, economic globalization and industrial and demographic changes present new challenges and opportunities for G20 economies in both the short and longer terms. The plan urged for G20 members to redouble efforts to support a more innovative pattern of inclusive economic growth, with new engines of development and new pathways for job growth.2016年，二十国集团（G20）劳工就业部长会议通过的《二十国集团创业行动计划》中指出，技术变革、经济全球化以及产业和人口结构的变化，给二十国集团经济体带来了短期和长期的新挑战和新机遇。该计划呼吁二十国集团成员加倍努力，支持更具包容性和创新性的经济增长模式，为发展提供新引擎，为就业增长开辟新途径。Jointly established by the Ministry of Human Resources and Social Security and Tsinghua University, the research center tracks and analyzes the progress of the G20 Entrepreneurship Action Plan and shares valuable entrepreneurial practices and experiences among G20 members.该研究中心由人力资源和社会保障部与清华大学共同设立，其研究主要包括跟踪和分析G20各成员国《创业行动计划》的进展，总结和分享各国具有借鉴意义的创业实践和经验。Since its inception, the center has hosted an annual G20 Entrepreneurship Roundtable to review and evaluate the progress of G20 members in implementing the entrepreneurship action plan.自成立以来，该中心每年主办一次G20创业圆桌对话，审查和评估G20各成员国在实施《创业行动计划》方面的进展。"Overall, G20 members are keeping pace with the times in entrepreneurship, especially in emerging industries like the digital economy and green transition. In terms of entrepreneurial policies, developed countries tend to have more detailed and systematic policies, while developing countries may lag in this aspect," Gao noted.“总体而言，G20成员国在创业方面与时俱进，尤其是在数字经济和绿色转型等新兴产业领域。在创业政策方面，发达国家往往有更详细、更系统的政策，而发展中国家在这方面可能相对滞后。”高建指出。"China, as a G20 member, has significant advantages in providing entrepreneurship services. For example, China emphasizes tailored policies for different groups, such as incubation services for young people, women and new university graduates, provided by social institutions. This is considered an advanced practice internationally," Gao said.“中国作为G20成员国之一，在提供创业服务方面具有显著优势。例如，中国强调为不同群体量身定制政策，如由社会机构为青年、妇女和大学应届毕业生提供孵化服务。这在国际上被认为是一种先进的做法。”高建说。"China's reform and opening-up policies are also conducive to global economic development and openness. As an inclusive nation promoting globalization, China's development benefits global entrepreneurs. Events like the China International Import Expo and the Canton Fair also stimulate international entrepreneurship," said Gao.“中国的改革开放政策也有利于全球经济的发展和开放。作为一个推动全球化的包容性国家，中国的发展惠及全球企业家。中国国际进口博览会和广交会等活动也激发着国际创业精神。”高建表示。global consensus全球共识entrepreneurshipn. 创业tailorv. 定制，使适合digital transition数字化转型

Quanto custa viajar para a China? Será que é preciso viajar para China para poder importar? Essas perguntas são frequentes entre quem deseja fazer uma importação da China, especialmente em época da Canton Fair. Rodrigo Giraldelli, direto do Complexo da Feira, respondeu essas e outras dúvidas neste Chinacast sobre para quem é a viagem para China e como você pode importar sem precisar viajar. Saiba as vantagens e desvantagens de uma viagem para China neste episódio!

GFA 447. Join us on the Canton Fair floor as Steven Selikoff shares insights on navigating sourcing trends, pricing pressures, and evolving strategies in 2024. Perfect for established sellers looking to stay competitive! The post Evolution: On the Canton Fair Floor with Steven Selikoff appeared first on Global From Asia.

For full show notes go to https://www.globalfromasia.com/canton-fair-evolution/ The post GFATV 447 Evolution: On the Canton Fair Floor with Steven Selikoff appeared first on Global From Asia.

Thousands of people from around the world have flocked to Guangzhou, where the 136th Canton Fair is now in full swing. Massive halls filled with cutting-edge tech, innovative household appliances, and green energy solutions invite us to a space buzzing with energy and endless business opportunities. Today, we take you inside one of China's largest trade fairs and explore how innovation is driving the future of global exports. On the show: Niu Honglin, Steve Hatherly & Yushan

Housing and financial authorities in China are expanding a list of real estate projects eligible for financing, and doubling loans to accelerate the recovery of the property market(01:09). Exhibitions for China's automation and intelligent manufacturing are a priority for buyers at the Canton Fair(07:18). And the European Union and the Gulf Cooperation Council have held their first summit and agreed on support for the two-state solution to bring peace to the Middle East(14:09).

A Canton Fair 2024, edição de outubro (outono) já começou e nosso time está presente com um estande exclusivo para importadores brasileiros no setor 20.3 do pavilhão D. Rodrigo Giradelli, nosso CEO está presente em mais uma feira e vai mostrar neste episódio como é a organização da Canton Fair e como você deve fazer para encontrar seus produtos e negociar com os fornecedores presentes. Mas este Chinacast não é só para quem já foi ou está indo para a Canton Fair este ano. É para todos aqueles que desejam importar da China, mesmo sem ir presencialmente, pois nós podemos te ajudar! Confira como é a Canton Fair por dentro e como você deve se preparar para aproveitar as melhores oportunidades da maior feira de negócios do mundo! Caso queira ver o vídeo e conferir o que o Rodrigo falou da Canton Fair neste episódio, acesse: https://youtu.be/FMAqUPjtwBo

Exhibitors have brought more than one million new products to the Canton Fair in Guangzhou(01:00). The United States says troops have arrived in Israel with components of the THAAD missile defense system and more will follow(10:27). And a pair of giant pandas from China has arrived at their new home in Washington(25:04).

The 136th China Import and Export Fair is underway in Guangzhou. This year's Canton Fair features more than 30,000 exhibitors showcasing over a million new products.

The Canton Fair in Guangzhou has attracted 90 percent of the world's top 250 retailers with nearly 4,600 companies exhibiting for the first time(06:51). South Korea says North Korea has blown up connecting roads between the two sides(11:59). And China' s foreign minister has urged de-escalation during separate phone calls with his counterparts from Israel and Iran(13:32).

Este episódio é obrigatório para você que vai para a Canton Fair em Outubro de 2024! Separamos dicas essenciais para você aproveitar ao máximo a sua visita na feira e conseguir os melhores negócios possíveis. Você precisa estar de olho na sua internet, aplicativos, cartões e muito mais para não passar nenhum perrengue enquanto estiver na China. Mas não se preocupe, nós te explicamos tudo no Chinacast de hoje! E se você vai para a Canton Fair 2024, dê uma passada no Estande Exclusivo da China Gate para Importadores brasileiros: estaremos no pavilhão D, estande 20.3

Erfolg ist kein Zufall, und Michael ist der beste Beweis dafür! Hört, wie dieser beeindruckende Unternehmer es geschafft hat, seine Multichannel-Brand auf Amazon zu einem Umsatz von 13 Millionen Euro pro Jahr zu katapultieren. Von den ersten Schritten in der Selbstständigkeit während seiner Schulzeit, als er alte Nokia-Handys aufbereitete und über eBay verkaufte, bis hin zu seiner heutigen Marktstellung – Michaels Geschichte ist inspirierend und lehrreich zugleich. Gemeinsam mit ihm beleuchten wir die Bedeutung persönlicher Kontakte zu Lieferanten in China und den Einfluss von Messen wie der Canton Fair auf den Geschäftsaufbau. Michael teilt seine erprobten Strategien, um Fabrikbesuche effizient zu gestalten, und erklärt, wie er durch den Wechsel vom B2B- zum B2C-Geschäft neue Umsatzpotenziale erschlossen hat. Dabei gibt er wertvolle Tipps zur Nutzung von Tools wie Helium 10 für die Nischenanalyse und Produktkalkulation, womit er seine Produktpalette kontinuierlich erweitert. Doch damit nicht genug: Wir sprechen auch über die Herausforderungen beim Übergang von FBA zu FBM und die Bedeutung eines zuverlässigen Dienstleisters. Michael verrät, wie internationale Logistikstrategien und die Konsolidierung von Containern erhebliche Kosteneinsparungen ermöglichen. Zum Schluss laden wir euch herzlich zu unserem monatlichen Networking-Call ein, um mit anderen Unternehmern wertvolle Kontakte zu knüpfen. Hört rein und lasst euch von Michaels Erfolgsgeschichte inspirieren! In Folge 143 des Serious Sellers Podcast auf Deutsch, Marcus und Michael diskutiére 00:00 - Wachstumsgeheimnisse Und Persönliche Lieferantenkontakte 13:36 - B2B Zu B2C Entwicklung Und Unternehmenswachstum 23:17 - Unternehmenswachstum Und Produktentwicklung 35:11 - Logistikstrategien Und Unternehmenskontakte

Jim Vrondas from World First joins me today and we chat about the importance of Supplier Relations, actually visiting your suppliers rather than relying just on Alibaba for your sourcing needs from afar. At the Amazon Collective back in March, Jim did a presentation about Forward Contracts which sound might sound a bit ‘dry' but […] The post TAS 161 – Forward Contracts, Canton Fair, Supplier Relations and auditing your Supply Chain. Jim Vrondas from WorldFirst explains. appeared first on The Australian Seller.

Holiday makers in China made more than 280 million trips on the first day of the May Day holiday(01:04). Colombia is cutting diplomatic ties with Israel(14:06). And the final phase of the Canton Fair is focusing on fashion, health and household textiles(24:05).

A Canton Fair 2024 já começou e a China Gate está presente com um estande esclusivo para atender você na maior feira de negócios do mundo. E se você está indo para esta edição da Canton Fair ou quer ir nas próximas, neste Chinacast preparamos dicas práticas, gravadas direto da feira, para você conseguir aproveitar todas as oportunidades que ela pode te proporcionar. Ouça até o final e entenda como encontrar bons fornecedores do seu ramo e conseguir boas cotações para importar com baixo custo e revolucionar o seu negócio aqui no Brasil.

A China Gate estará presente na próxima edição da Canton Fair: levando um grupo de empresários e também com um estande para suporte aos importadores brasileiros. E mesmo que você não vá com o nosso grupo, dê uma passada em nosso estande e receba gratuitamente simulações de custo de sua importação. Ouça e descubra onde estaremos na maior feira de negócios do mundo. Mas e para quem não conseguirá ir? Bem, neste Chinacast também mostramos algumas dicas para você começar a importar pela internet mesmo, com tudo legalizado. Comprando em sites como Alibaba e Rakumart. Além disso, estaremos com um serviço de pesquisa de fornecedores para quem não conseguirá ir até a feira. O Canton Finder é um serviço onde nossos consultores estarão em busca das melhores oportunidades para o seu ramo. Acesse o link abaixo e conheça mais detalhes deste novo serviço: https://play.chinagate.com.br/canton-finder/

Se você vai viajar para aproveitar as oportunidades da Canton Fair precisa saber dessa novidade: a China Gate, além de estar com um grupo de empresários e comerciantes, vai estar presente com um estande na feira. No Chinacast de hoje, Rodrigo Giraldelli fala onde será a localização do nosso estande, onde ele e nosso time estará de braços abertos para te receber e te ajudar a importar com as oportunidades apresentadas na Canton Fair. E pra você que queria ir, mas não poderá participar, temos uma oportunidade pra você. Nosso time de especialistas estará presente e poderá buscar produtos para o seu segmento. Assim, você tem acesso aos fornecedores da feira sem precisar ir até lá. Nós levamos a Canton Fair até você. Para saber mais informações e contratar este serviço toque neste link abaixo e conheça o Canton Finder:

A Canton Fair 2024 ou Feira de Canton está chegando! Começa em abril e a China Gate já está no local para deixar tudo pronto para te receber e te ajudar a aproveitar todas as oportunidades da maior feira de negócios do mundo. No Chinacast de hoje Rodrigo Giraldelli, nos conta um pouco mais sobre como vai funcionar a feira, o que você vai encontrar lá e como você deve ser organizar para aproveitar ao máximo tudo o que ela oferece. Você vai entender também um pouco mais sobre a logística e viagem para China e a questão do fuso horário chinês.  Ficou interessado em ir pra Feira? VISITE A CANTON FAIR COM A CHINA GATE E APROVEITE AS OPORTUNIDADES A MAIOR FEIRA DE NEGÓCIOS DO MUNDO: https://www.voupracanton.com.br/

Canton Fair x Yiwu - Onde comprar? A Canton Fair é a maior feira de negócios do mundo, é uma ótima oportunidade de fazer bons negócios. A cidade de Yiwu é um dos maiores polos de comércio do mundo, também. Mas qual é a melhor? É sobre elas que vamos falar no Chinacast de hoje, analisando 7 pontos diferentes para você comparar a Canton Fair com a cidade Yiwu e decidir qual é a melhor para você. 

A primeira edição da Canton Fair 2024 está chegando e neste episódio listamos os 7 principais motivos para você visitar a maior feira de importação e negócios da China e do Mundo. É uma grande oportunidade de conhecer fornecedores, negociar com eles e garantir a compra de produtos baratos e lucrativos, com segurança, da China para revender no Brasil. Ouça este Chinacast até o fim, entenda por que ir pra Canton Fair e se fizer sentido pra você, fale conosco para embarcar nessa jornada.

Discover the best practices for Amazon product sourcing excellence as we welcome back Kian Golzari, the Amazon product sourcing sage, for his fifth appearance to impart his vast knowledge on mastering the Chinese manufacturing labyrinth. Kian's guidance takes you through the crucial steps from selecting the right manufacturers on Alibaba to conducting effective factory visits, ensuring you return home with more than just souvenirs – but strategies to boost your product quality and cost-efficiency. Venture with us into his secrets of product differentiation and learn how to stand out in a saturated market by uniquely combining various components and embracing innovative packaging solutions. We dissect the art of transforming the ordinary into the extraordinary, from deluxe packaging to strategic bundling. Furthermore, Kian reveals the underestimated power of packaging in offline sales, sharing insights on making a product pop on the Amazon website and attracting crucial impulse buys. To wrap up, we get into the strategic intricacies of forging long-lasting relationships with suppliers and the nuances of communication that can make or break a deal. We dissect how to scrutinize supplier profiles and the vital role that understanding your supplier's capabilities plays in aligning with your business goals. Kian and Bradley also uncover the best practices for sample evaluation, navigating the norms of sample payments, and why investing time in personalizing your interactions with suppliers can pay dividends in the long run. This episode isn't just about finding the right supplier; it's about creating partnerships that will sustain your Amazon business growth and success.   In episode 524 of the Serious Sellers Podcast, Bradley and Kian discuss: 00:00 - Guide to Factory Sourcing and Visiting  02:52 - Insights From Visiting a Factory  11:40 - Sourcing and Differentiating Products in Manufacturing 13:22 - Revamping Coffin Shelf Market Strategy 16:29 - Importance of Packaging in Offline Sales  18:20 - Clarity and Importance of Product Filters  18:44 - Finding & Evaluating Manufacturers on Alibaba 21:53 - Filtering for Top Factory Products 25:48 - Importance of Trade Background and Markets 28:31 - Selecting Suppliers and Communicating Effectively 31:40 - Price and Quality Selection Process  33:48 - Strategies for Sourcing and Product Defensibility 36:38 - Benefits of Attending the Canton Fair ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Today we've got the world's foremost expert on sourcing, Kian, back on the show and he's going to give us step-by-step guides on how to source on Alibaba.com and an SOP for visiting factories in China. How cool is that? Pretty cool, I think. Are you afraid of running out of inventory before your next shipment comes in? Or maybe you're on the other side and you worry about having too much inventory, which could cap you out at the Amazon warehouses or even cost you storage fees? Stay on top of your inventory by using our robust inventory management tool. You can take advantage of our advanced forecasting algorithms, manage your 3PL inventory, create PO's for your suppliers, create replenishment shipments and more all from inside inventory management by Helium 10. For more information, go to h10.me forward slash inventory management. And don't forget you can sign up for a free Helium 10 account from there, or you can get 10% off for life by using our special podcast code, SSP10.   Bradley Sutton: Hello everybody and welcome to another episode of the Serious Sellers podcast by Helium 10. I am your host, Bradley Sutton, and this is the show. That's a completely BS-free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. We're going to the other side of the world to Dubai right now for a record breaking fifth time. That's how long this this, this show, has been out there. Guys, like we only have people on there, if they're really good, we'll invite them back. And if they are really good and we invite them back, it's only one time per year. The very first time ever in the history of Serious Sellers podcast, somebody's on the fifth time is the one and only Kian. Kian. How's it going? Welcome back.   Kian: Oh man, thanks so much. It's a great intro man. It's an honor to be the only speaker to be on here five times and wow, I mean that must mean you've done a lot of episodes as well. So congrats to you to be plugging away. Like, how many episodes have you put out now?   Bradley Sutton: We're like in the mid-500, like we're about 520 now, like we're in the mid the the five teens around there, yeah amazing, yeah, incredible man. Yeah great to be back and, yeah, really looking forward to sort of diving in and we're going to talk a lot about Alibaba, but before we get into that, I'm actually visiting, for the first time, Chinese factories. Like it's been years since I've even been to China and I've never visited the factories where we make the Project X, project 5K products. So what's some advice you can give me? You know like, hey, should I bring some gifts? You know like maybe some chocolates or something to the factory owners? Should I negotiate? Should I just, you know, talk away, ask about their family, like I usually deal with a sourcing agent? Yeah, and she's going to come with me, my sourcing agent who found these factories, and translate a little bit. But what should I do.   Kian: Yeah, I mean, first of all, I think your mind is going to be blown Like I think everyone experiences this like the first time you go into a factory and actually see how your goods are made, because you have this idea and you have this perception in your head of, like how you think goods are made. But once you go in and you see the production line and like you know, let's say this is for the, for the coffin items, right? So like you'll see, like the wood, like arriving, you'll see the wood getting dried. You'll see, like the woods, like the bad pieces getting rejected. You'll see it getting sanded and filed down. You'll see it getting sprayed and painted. You'll see it getting cut to size and you'll see it getting assembled. You'll see it getting screwed, like you'll just see in some of the different compartments, and then your head will be like, wow, here's like 20 different processes and steps that this product went through to get made, whereas when I just see it in a store, I just see it like in a shelf or, like you know, online. I didn't think about it in this way. But why that really helps you is that, like you know, if you've got cost challenges and you're like right, I've got this like $8 product and I need to get it down to 6.5, you've got like 20 different places you can go to in your head because you've seen it on the production line, right?   Kian: You're like well, was that spring really necessary? Are we cutting it in the most efficient way? Can we just do straight edges rather than these curved edges? Was it necessary to have that coating? Like? There's so many different things you can now think about. And then, on the reverse, if you want to improve the quality, you're like here's things that we could do better, based on what I saw and how this product is actually assembled. But you're going there for the first time, right? So, in terms of gifts, I would say it's nice. They'll probably provide a gift for you. If you've been doing business together for like a number of years, then by all means, maybe take something nice. I would say something that represents your hometown, so you could take them your favorite team, like a Lakers hat or something like that.   Bradley Sutton: Okay, those are fighting words. All right, guys. The fifth and last time that Keen will ever be on the podcast.   Kian: So you can always and, by the way, Bradley's the clipper's friend for anyone who didn't catch that but yeah, like you know, anything that represents your hometown where it could be like a hot sauce, it could be like a local tea or whatever like that. Just it doesn't have to be anything expensive. Like for me, I always used to take like a personalized bottle of whiskey because I was coming from Scotland. Suppliers, like really, really appreciated that and just a nice gesture to do. And if you have, like a sales assistant that you've been working with, I would get one for the sales assistant that you talk to and then one for the factory boss as well. Very, very important to get a gift for the factory boss and also to get a photo with the factory boss, because there's always going to be time where you're going to need to ask for a favor, right, and there's going to be a time when, like you know, chinese New Year is coming up and, like you know, your, your goods are getting rushed out and maybe they won't make it shipment before Chinese New Year. And then you say like, hey, please, can you just ask the boss, please can you rush this, please can you push this to the front of the production schedule. Please can you get this out before Chinese New Year? And you're like, who's asking? Again? Bradley's asking which one's? Bradley again, oh, he's the guy that brought you that Lakers jersey. Oh, yeah, I love that jersey. Cool, all right, get the items to the front of the line. So it's always something to like for them to remember you if you get a nice little gift.   Kian: Now, talking about, like, actually arriving at the factory, I think a lot of people, maybe, if you're going to China for the first time, they have this like fear of like well, you know, google Maps doesn't work out there Like how do I get there? Like your factory will arrange everything for you in terms of transport, and like you've got a sourcing agent there. So so they'll definitely help you out, but you don't need to figure out anything by yourself. Like you can just tell your factory hey, I'm arriving at this airport, I'm flying into Hong Kong, I'm flying into Shanghai, I'll be there on the 19th of March. I'm going to come and visit you on the 20th. They'll just say, cool, what's your hotel? We'll come pick you up. Driver will be there outside 10 o'clock and, like, literally, driver comes out with your name, they'll have a Starbucks waiting for you. Like they really, really take care of you, right.   Kian: And if you're like, hey, I need to get a train to where you are, I don't quite know how to get there. Like they'll book the train ticket for you, like they're so hospitable, like if you have any issues of like how to get there, or even like you know, when I go visit a factory, I tend to visit like two or three at the same time, like of a similar competing product, similar competing category, and I say, hey, look after you. After a visit your factory, I'm going to see this other factory, can you help me get there? And they're like, yeah, no problem, give us the address, we'll drop you off. Like, even if it's a competitor, if there's there very, very, very hospitable. So, in terms of getting there nice and easy, in terms of like what you're, what you'll learn, in terms of their product development, it'll blow your mind. But in terms of being prepared for your factory visit, like I always before any China trip, whether I'm going to the Canton Fair, whether I'm going to visit a factory, I always have to have a plan for my visit Right, like what is the main outcome I want to achieve from this?   Kian: Right, do I want to learn how the goods are made? Cool, I'll spend a little bit of time on the production line. Do I need a better price? Because I'm getting price pressure? Well, I'm going to do my research in advance to see. Well, what were other suppliers pricing me? So, like you know, you could get a specification sheet for your product. You could but I'm sure we'll talk about this shortly reach out to the top three, top five suppliers on Alibaba.com, get pricing from them and you can go back to your existing supplier to say hey look, I don't want to move production, but just to let you know this is a pricing I'm getting offered somewhere else. I need you to match it. So, is it better pricing that we need? Are you getting a few too many returns? Or the quality concerns? Is there something? Is there chipping off the wood on the coffin box? Is that something we need to talk about? Then, like, we have the products right there in front of us, like here, let's address these quality concerns. Are you not doing the quality control? Let's check the end of the production line. Let's see who checks it. Let's see who boxes it. Let's see why they aren't picking up on these things.   Kian: So there's many, many different outcomes that you could have. It could also be we want to develop new products for 2024. Please prepare for us some additional new samples and we can review them together or let's discuss together. So I wouldn't necessarily go into a factory without knowing what I wanted to achieve and like no lie. I've been in factories where I've been there for 10 hours sitting opposite the boss and we're just negotiating, because I'm like I'm not leaving until we figure this out and like, literally Some of the factory bosses like to smoke and I remember like the guy went through two packs of cigarettes while we were talking it. Like I'm not saying that's going to be the case right For everyone, but I knew I had an outcome that I wanted to achieve on that trip, right.   Kian: Certain times I was doing production for the Olympics and they required certain certifications for the factory and I went to visit factories and didn't have those certificates. So I was training them. This is what this is. A certificate needs to comply with. This is what we need to fix. We were looking at, you know, lighting, fire extinguishers, dormitories, all that stuff. I was like you're the factory I want to work with. I need you to be compliant of this. I'm not leaving until I know you can do this. So there's so many different outcomes that we can have for visiting a factory and like. Those are just some of the things that we need to be prepared for, but, honestly, it's going to be so much fun for you. Like, I'm actually excited for you and I can't wait to see your stories on Instagram to see what it looks like.   Bradley Sutton: Thank you, thank you Now, right now, let's just say, you know, for that, a lot of people you definitely know suggest, hey, you should go visit the factory. But for a lot of other people you know, they might not have the way to go to China or they might not be able to go to Canton Fair or Iwu or other places, and so obviously the easiest place to to find suppliers would be Alibaba.com. So we're going to try something different today. I didn't 100 percent have this plan, but now I just like thought of it right now I just went to Alibaba, but or I went to Amazon and let's just, we're going to do a pretend thing where I'm which is halfway real, and that is, you know, one of the project X brands we do is not the coffin shell, but we also do egg trays. We have this brand called Geese Chicken Coops.   I just like threw in a keyword to Amazon right now egg storage for countertop. This actually used to be one of our main keywords, but now it's not anymore. And then I'm like trying to find something that looks interesting and these like this, this egg basket that has like a ceramic lid. Here let's just pretend that I'm like, hey, I want to have. I want to go source this from China. I want to look. So first step is what? Just go to Alibaba.com and try and figure out what keyword it might be like something similar to this. So you've got a couple of options here.   Kian: Right, because, like you have the traditional egg trays, which could be, you know, wood and plastic, acrylic, whatever, and you could just type in egg tray and you could find it right. But for that particular one, for those who aren't viewing, with like a video, like Bradley, how would you describe this? It's like the shape of a chicken.   Bradley Sutton: Yeah, it's really like the bottom part is this wire mesh like a basket looking thing. And then the like it has, this lid that shape like a, like a, like a chicken or rooster or something like that.   Kian: here this is a really good example because, like here's a classic example of if you type in like egg tray or whatever on Alibaba, like this product probably won't come up, like we can have a look, but it probably won't come up the way that we're looking at this one, right, but like for you to have more defensibility in your brand, which is really, really important for 2024, you might need to go to another manufacturer which doesn't make egg trays. So you're looking at eggs right now and we don't see that particular product. Right, there's nothing like that. Yep, we could type in like caged basket for you know, holding fruit or holding vegetables or whatever it may, be right, and we could find the bottom part, but for the top part it was like a toy chicken, like on the top right, which is kind of serving as like the protector or the top of the basket, right, and so for that I would go to a toy supplier to be like different materials, right, it could be silicone, it could be plastic, it could be rubber, like I would say like rubber chicken toy or rubber animal toys, right, and you might be able to find this for, let's just say, 50 cent or 30 cent or 75 cent, and we could buy those separately and we could send it to the egg tray suppliers, or we could send it to the basket suppliers, right, and anyone wanting to copy that product wouldn't necessarily be able to, because they didn't know that they have to go to two different suppliers. Right, they didn't know that you could, just because if they type it in, they won't find it and they're not thinking.   Kian: Right, I'm going to get an egg tray from a toy supplier. So this is something that gives you like, really, really good defensibility. And this is applicable to anyone like, not even people which are looking for egg trays, but, like, whenever I'm looking at a new product, I'm like, well, what other purpose does this product have? Like, for example, right now I'm using a podcast microphone, right With a boom arm or whatever, right, but like, I could also go to a supplier which makes selfie sticks and take the technology of the telescopic pole and use that right, and anyone who's looking to get like a microphone stand or a podcast mic stand is not looking at like telescopic poles. So there's so many different ways that we can look at other manufacturers to fit the purpose of the product that we want to manufacture.   Bradley Sutton: I like that and that's something that's similar to what I'm actually doing. That's what I'm going to be going to the factory and talking to or, you know, checking out one of the first orders. So, like, what happened with the coffin shelf was that it got kind of saturated. You know, like you know, because everybody watched Project X and everybody started launching, you know, coffin shelves and now there's a million coffin shelves and I didn't want to do, I didn't want to play the race to the bottom price wars. You know, like, there's people now I used to sell the coffin shelf for like 32 bucks and now there's people selling it for like 19. I'm not going to try and compete with that price. So I'm like I'm going to go opposite, I'm going to raise the price back. Like I was selling for like 25. Now I'm going to raise it back to 30. But what I'm going to do is two things. Number one I'm going to buy a really fancy box and it's a box shaped like a coffin, like. So somebody would actually gift it to somebody in this coffin shaped box, and the box itself is almost a product. You can use that as a sock storage or something like that, because it's a really high quality. I mean, it's crazy. It's like almost 60% of the cost of the coffin shelf, you know by itself, but we're still only talking like two bucks.   Bradley Sutton: And then I noticed in the customer reviews that a lot of people are putting like these little LED spooky little trinkets and figurines right. And so what I did was I also sourced like a pumpkin shaped LED candle and then a skull, like a, just a mini skull, because these are what people are using to display anyways. And so now I'm relaunching the coffin shelf at a higher price point with this box that's super hard to get custom made and from another, a third factory, these LED stuff. And so, like you know, these people who are just trying to make a quick buck and sell coffin shelves, you know, from China for $19, they're not going to take the time or effort to go and source three different things from three different factories. And so now I'm kind of like building this moat around and trying to dominate, redominate the coffin shelf market.   Kian: I guess you could say that's mega and I'm glad you mentioned that as well because, like so, I was at this show called like global sources, just like last month or wherever, and I was filming a YouTube video, actually just posted it yesterday on like the highlights of that show, and I walked, assembled, into this guy's booth. His name was like Matthew and he had like he was just doing packaging, like really, really deluxe packaging, right. And I go in and I'm like, hey and? But the packaging was like super nice, like it was like magnetic boxes that folded flat, like he was doing it for a Sephora. He was doing like Pokemon boxes, like just high end stuff, right.   Kian: And I was like picking up different bits of packaging and we were talking about like online versus offline and you know different styles of packaging and one color boxes. And then I was like you know how much is this box? And it was like a really small, flimsy one and he was like you know, less than 0.1. I was like, wait, less than 10 cents. He was like, yeah, it's around like 8 cents. I was like no way. And I was like, all right, what about this one? I picked up this like magnetic one. He's like that's around $1. I'm expecting the dude to say like three. He's like wow. I was like I was like these prices seem a little too good to be true. I was like where's your factory? He's like for Shan. I'm like okay, cool, so it's narrow way. I was like what are you doing this weekend? I was like I'm at the factory. I was like I'm going to come visit you this weekend. I was like cool, so rock up. And then I filmed a YouTube video in his factory. I showed the packaging process end to end, start to finish. All the like he had like machines which cost over a million dollars, like everything, like map finishing, gloss finishing, like everything. So the entire process, start to finish. And talking about like 2024 and differentiating and just what you just talked about. That's key. That's so key to being ahead.   Kian: Whether you're selling online or offline, you want to win the click. Online, sometimes you show your packaging in the main image, sometimes you don't. But if you're selling it in retail, it's on a shelf. You have to catch people's attention. So if you're selling offline, you really, really have to catch people's attention. If and that's through the packaging, that's the first touch point and it can be catch for attention by color. It can be by innovative design. So packaging is going to play a super, super important role. So I'll definitely connect you with Matthew.   Bradley Sutton: Awesome, Awesome Thanks, Appreciate it. All right. Going back to our olive oil, let's go to something more traditional, All right, so that's a great way for differentiation. Let's just say I picked something else while you were talking right now, Something that's kind of like all right, this is not something that you necessarily differentiate, Like we always. I think you should always differentiate, but maybe not let's not go to the effect where, like, hey, let's try and get stuff from three or two different factories and let's do fancy packages, Because you know, sometimes when people are just getting started, they want to get their feet wet. You know that might be a little bit too difficult. So then I pick again in the same niche. I hit this keyword egg dispenser on Alibaba, and so you know, for those watching on YouTube, you guys can see this. For those listening on podcast, we'll try and describe it here. But now let's just say that this, this kind of egg dispenser that has this like row, it looks like like a row on the top of eggs and it rolls down to the bottom row. I guess you just pick one and then it rolls down. So let's just say that, for whatever reason, this is the kind of product I'm getting. I just did my very first search on Alibaba. This is definitely the keyword. Next step would be so I start doing using some of these filters and then, if so, what would you suggest?   Kian: Yeah, yeah. So I'm so glad you're showing this visually online as well, right, because you can look at that image. Right, see the second image. This says $2.50. The second one says, yes, 88 cents. It's the same image, right? So, yeah, this is what. This is where we need to get really, really clear on the filters. Right, because it looks like the exact same product. One is well, the one's three X the price of the other one, and you could see that I'm like, oh, okay, well, I'll go for the cheapest one. But you haven't necessarily done the research to know what already different materials or different sizes or different specifications. Does one hold more eggs? Does one have deluxe packaging? So we don't really know that, right? So you went to Alibaba.com and you typed in egg dispenser, and this is the first thing that came up. So the first point right, I would select verified manufacturers. So that's the first point that you see in the list right. Why this is so important, is that, yeah, perfect. This is where we need to be. The purpose of using Alibaba.com correctly is not to find the cheapest price. It's to find the best manufacturers. Once we find the best manufacturers, then we can start to negotiate the price. So the purpose right now we're just looking for the best manufacturers.   Kian: So the first thing you did was you selected verified manufacturers. And what's that for? It means any information that they provide on their listing, whether it be number of years in business, how many staff they have, what certificates they have, what patents they have, what products they have, what does their production line look like, the images of videos in the factory. That's all been verified by a third party, meaning intertech, SGS, tuv. One of these very reputable companies have gone in and verified all the information is true, whereas if we didn't work with verified suppliers, then whatever information they want to put there, we just have to sort of take their word for it. So verified is the most important thing to search for first. Then on the left hand side of the page, you'll see trade assurance right. I would always click that as well, and trade assurance just means that your payment is protected. So if you've ordered an egg dispenser which holds 20 eggs and you do the production and you receive one which only holds 10 eggs, then the trade assurance will protect you and it will refund your order because you've selected that right. That's just a little bit of a safety net, important for, like you know, new sellers, right. And then as you scroll down on the left hand side of the page, you'll see something that says management certification, right. And if you scroll down a little bit more, yeah, so you see like BSEI, and you see sedx, you see ISO. I always like to select BSEI and ISO. So BSEI is your business social compliance initiative and ISO is just a really high quality standard and this just basically means these are factory certificates that they have. So BSEI will go in and they'll check, like you know, how many years have you been in business? Do you have, like, fire extinguishers? Do you have adequate lighting, do you have safety exits? Like we've checked the dormitories, we've checked like the canteen where the workers eat. So it's kind of like gives you confidence that you're working for a very, very good factory, right. So now, if we go back to the top of the list, right, we've now we've searched by manufacturers, we've got verified manufacturers, we've got trade assurance and we've got factories which have you know, bsei and ISO certification.   Kian: So now, as I'm scrolling down the list, like if you zoom in on the company names, like the first word in the company name is always the city or the province in which that factory is located. So sometimes, like the factories like electronics are made in Shenzhen, backpacks are normally made in like Chenzhou. Like furniture, like steel tubing for furniture, chairs is made like Yongkang. So I'm just trying to get familiar Is there an area which specializes in egg dispensers? Maybe not, because it's such a niche product, right, that maybe you could make it anywhere. But as I scroll down, I'm trying to see, like, is there one name that pops up more frequent than others and in that interesting, the area which specializes in that product? But I see Ningbo has probably popped up a few times, right? So yeah, but anyway, doesn't matter. If Ningbo had popped out like eight out of nine times, I would say, right, well, that's the region we need to be ordering from, interesting. Then, as you scroll down as well, I would be like looking at the images as well, to see, like, do I find something similar to what I was looking for, like when we search by products like your first look somebody is specializing in that one crazy basket, one that we looked up earlier, that's crazy.   Kian: But you know what's wild, though, right, I'm not surprised we found it because we had searched, like the highest level certification, so like that product would have required, like you know, some sort of standard. So it like the purpose of this filtering process is to align you with top factories, and top factories make top products right. And as you scroll down as well, I saw the main image. That was the one we were looking for the white one here, yeah, yeah, right here, that particular one, right. So now if you click on like view profile, we can just there's a couple of like boxes I need to tick of the supplier before deciding is this someone I want to work with? Right? So you see first on the left right Well, actually on the right where you were looking right, If you scroll through those like, you'll see videos of the factory. You'll see like images of the production line and you've seen the top left it says verified. So all these photos and videos have been verified. So like if you know that as the actual factory, because the third party has gone in and verified that's a factory, so you can actually see inside the factory and know that's them right. So we know exactly who we're dealing with.   Bradley Sutton: They didn't just pull this, you know, like video or something like from stock video or something like that.   Kian: Yeah exactly Right. So now, like before, without even going to China, I've got eyes and ears inside the factory that I can see what they actually look like. So if on their Alibaba listing they say, oh, we've got 200 workers in our factory, you're like, well, I can see the images that shows you've got 200 workers, right. Or if they said they had 200, but we see a production line with five workers and you're not verified, then we know that you know something isn't right there. So on the left side of that, you see where you have all those blue ticks. So it says, yes, all verified capabilities. So if you click on the bottom where it says, see all verified capabilities, this is everything the factory is verified for. So it says certifications, sedex, bsci. It will say, like you know, material trace. It says like quality traceability, things like that. So if you were like look, I need to know. Like, do these egg dispenser trays come from a sustainable source? We want to use like recycled materials, we want to use eco-friendly materials, then they can tell you yep, cool, we have traceability of our raw materials. We can find that out for you. So just by clicking that, we can find out what are the capabilities which are verified of this factory. And then, as we scroll down, like the main things which are really really important, see that where it says profile right, if you keep scrolling down, right, it's got right. See here so it says established yeah, years in industry 16. That means that they've got like 16 years worth of experience, right, so they've got the. See the audit there under certifications, where it says SMETA. That's part of the SEDEX audit and I know this so well because I was a board member for SEDEX in 2013,. After we did the production for the Olympics, every factory which made Olympic merchandise had to have a SMETA audit, right, and that was like they checked all the smallest details of the factory, right. So that's a really really good sign if they have that right. And then they've got the BSCI certificate. You can see that Now, as you scroll down, we're going to look at their production capabilities.   Kian: See there it says production lines. They've got three production lines and they've got 18 production machines right Now. This is so important. This is so, so important, right, Because you are, let's say, doing this product for the first time. So they have three production lines means they're like relatively small company, right, so that's good for you because that means that they'll probably do a low MOQ. Let's say you wanted to do 500 pieces trial order, but let's say that production line. Let's say it said they had 250 production lines. You're like this company would never want to work for me. Like, why would like? I just want to do a small order, 300 pieces. They've got 250 production lines. We're not a good fit for each other. But on the flip side, if you're a big brand, if you're doing, you know, 10,000 units a month, then you want that factory which has got 250 production lines. So this kind of sizes you up to be like am I aligning with the manufacturer which is fit for purpose, right?   Kian: And then the other really important thing to look at where it says trade background and main markets, it says North America 38%. Western Europe 35%. That is so crucial because 70% of their, more than 70% of their exports are going to the US market and it's going to the European market. And what does that mean? That means they're compliant with the latest FDA regulations in America, compliant with the latest like food standard regulations in Europe. Otherwise we wouldn't be able to sell to those markets if they weren't compliant with those standards. So if you're ordering this product for the first time and you know your factory has already got the certification or compliance needed to sell food products in the US market, because they're already selling in the US market. But if we looked at the trade background and it said, you know, 40% South America, 40% Africa and 20% domestic market, meaning China you're like well, you've never explored this product to America. So how do I know that you're capable of passing for FDA standards? So, but this factory, this is like one of the first ones we clicked on right, it's got everything we need right.   Kian: But it was because of that filtering process. It's because we selected verified, we selected trade assurance, we selected ISO, we selected BSCI, so like it was in touch with the top manufacturer and then, like I'm pretty sure that if you go to the other manufacturers on that list as well, we'll find similar information that is a good fit for us. So that was kind of like the initial research to be like right, let's find a good factory. That's part one, right. Part two is now how do you read, how do you talk to that factory for your first message? Right, Because this is where I feel like a lot of sellers like stumble. They're like right, found a good factory. We followed your process. But, like, right now, what do we say? Like, most sellers go, hey, what's your best price? What's your MLQ? Can? I just heard this podcast? Can I get customized packaging Right? And then, yeah, so, supplier, bear in mind these suppliers are probably getting 50 to 100 inquiries a week, probably more, right, and my purpose with the original message is how do I get my inquiry to jump out at the top? How do I get the supplier reads my message and be like oh, I want to work with this guy, right? So I kind of write my opening message as like a three part.   Kian: Like it first, introduction about myself hey, this is me. I'm passionate about eggs. I've been farming for 10 years and I want to start my own brand. Right, oh, cool, someone who really, really likes eggs. Right, they'll be a good person for this product. And then you can say, hey, we work with the biggest like influencers in the food space. Because I'm a beginner, right, I'm selling this, I'm ordering this product for the first time. So I don't want to say, hey, I'm a beginner. I want to say like, hey, I'm just ordering this, but here's my leverage. Like, I've got connections with the biggest influencers in the home and kitchen space. I've got connections with retailers that I've done business with before. I'm very, very skilled at selling on Amazon. I've exited a previous business before. I want to say something that gets them excited for them to work with me, not just, hey, what's your price, right?   Kian: Second, I want to say why I chose that supplier, because all the things we just looked at, like a number of production lines you know 70% exports going to Europe, right, you having this meta audit. So I would say, look, quality standards are very, very important for our company. It's great to see you have this meta audit. I'm so, so happy that you also place a high importance on quality standards. I see that 38% of your exports go to North America. That's amazing because we'll be selling in America as well, and I'm glad to know you're compliant with the latest certifications. That's just me telling the supplier. I've actually read your company profile and I've selected you based on these reasons. I've not just gone into Alibaba, I've not just typed in egg dispenser and just selected the first 10 companies and copy and pasted the same message. I've actually had to read your company listing and I've actually had to write a customized message to send you this so they'll understand that. And then then you're like okay, this is a product that we're looking at. Here's the picture, here's the specification sheet, this is the materials. What would be your best price for this product?   Kian: Suppliers now thinking I want to work with this customer because they have the ability to sell the product through their experience, through the influencers they have access to. They seem to understand quite a bit about manufacturing because they've told us what they've selected us. This is a customer which I think will go far because previously we've received messages asking for price in MLQ. We supply that and we never hear from those guys again. But this one seems serious. So we've gone through that process and we've found who are the top suppliers and then we've actually crafted a message that makes them want to reply to us. Because suppliers not thinking these are just egg-tracing, these are 80 cent. Maybe you order like a thousand pieces, right, a thousand dollar order. Suppliers not thinking they're going to get rich on this first order. They're thinking how much money am I going to make with this customer over the next three, five, ten years? So as long as you state look, business, partnership long term and this, together we want to grow this big business. You're saying the right things that get them interested to make your trial order first. Even at a break-even, they probably won't make money on the first order because of all the time and effort they have to put into sampling and things like that. They know that and they just want to work for you because you seem like a serious customer which you'll build with over the long term. So those are two really important things finding the best supplier and then communicating correctly with those suppliers as well.   Bradley Sutton: At what point are you submitting like a RFQ request for a quote?   Kian: So that's a really good point, right? So you can also do a request for a quotation. And I'm hesitating before I say this, right, because that process we just went through. We selected two of our best suppliers that we want to work with, right, we filtered out the bad ones. But when we go RFQ, we just submit our information one time and then the suppliers receive that request for a quotation and then they write to us. So now I have to do that filtering process again, but I have to filter the ones that write to us, right? So, because you might get an unverified supplier that writes to you or things like that. So you can also do RFQ because you think it saves you time, but realistically you have to go through all those applications of people which write back to you. And another thing I'd be cautious of as well and I'm not saying don't do it, I would just say that it might imply more work. It looks like it's going to save you time, but now you have to filter through every single manufacturer. But we just filtered through those suppliers really, really quickly.   Kian: But ultimately the main selection criteria that we have to decide is what's the price of the sample and what's the quality of the sample. So once we get that information back, we have to then decide right. Am I happy with the price, does it fit within my target? And am I happy with the quality of sample? Because, as we saw, we might get a price for 80 cent and we might get a price for $3. I have to see the sample right. But by doing this exercise we're going to get a good idea of what is the market price for this product, because we went through that selection process to identify the top manufacturers and now we've got pricing from who we think are the five top manufacturers. So if our pricing is 95 cent, $1.05, 88 cent, like 112, we're like okay, we know it's around that $1 mark. But if I get pricing of like $3.50, $0.62, $4, I'm like this pricing is all over the place.   Kian: Like I haven't. It's my fault I've not told them the specifications of which I require. I wouldn't just click on their image and say what's the price of that. I would send them a specification sheet of here's a picture of the product, here's the dimensions, here's the material, here's any testing that I need. And they like give me your best price. So they've all received the same information. So you're comparing apples with apples and then, once you see the price that you're happy with, you've compared it to the rest of the market. You see someone that you like communicating with. They have the right certification. You get maybe two or three samples from different suppliers. You compare them right. This is the one. Then here we go, let's place the order, let's go for it.   Bradley Sutton: Normally? What's the standard as these days as far as factories and samples Like do you always need to pay for the sample 50% of the time? Do you need to pay for the shipping? 50% of the time? 25% of the time? What's your?   Kian: experience lately? Yeah, so great question. And I would say that it depends on the leverage that you build, right. So, for example, that reach out message like if they think you're sort of wasting time, then they're like right, $100 for a sample, $100 for a freight, paid us $200 invoice and you'll get a sample, right. But if they're like I want to work for this guy, like I think he's capable of building a really, really big business and they'll do all right, cool, we'll just send a sample to you, no problem. Some people might say, right, we'll cover the cost of the sample, you just covered the cost of the freight. So, cool, right, fair. I always say, look, I've got no problem, I'll pay for the sample, but if I place the order, I'm going to deduct the sample cost from the first purchase order. That's always what I go with, right. And they're like fine, because I'm not trying to get free samples, right, that's something suppliers are fearful of. They're like but no one really wants a free sample of an egg tray, right. But if we took an example like a massage gun, you know, when massage guns got popular, everyone wrote to Alibaba manufacturers and said, hey, I want to order 10,000 massage guns, but I need a sample. They send the sample and then they never hear from them again. But that guy just got a free massage gun, right. So that's what they want to avoid. So I always offer to pay.   Kian: I say, look, I'll pay for the sample, but I'm going to deduct the sample and freight costs from the first purchase order. And that is music to their ears. They're happy to hear that because they know that first of all, you're paying for the sample up front and then if the supplier ends up having to pay for it, will they go and order as a result of it, which is what they wanted all along, right. So that's normally the way I go. Sometimes they just send it for free. I'm like cool, very nice of you, and sometimes, if they charge me, I just always have that in writing. That will deduct that from the first purchase order.   Bradley Sutton: Are you doing any like other website price matching or looking at like you know? Like maybe going to 1688 or something you know? That was a you know kind of like always suggested back in the day because there's a lot of price differences there and sometimes the Alibaba people, Alibaba factories, would be like, okay, yeah, we can probably go lower or that's not as much of a technique anymore and to be honest, I've always advised against that because, yes, you can.   Kian: So 1688, for anyone who doesn't know, is like the domestic. It also owned by Alibaba and it's the domestic Chinese website. It's where, like, Chinese businesses buy from Chinese factories, everything's in Chinese. And then I think some people announced that it was a hack, that you could go to 1688 and get cheaper prices. And yes, there are cheaper prices, but that's because those products aren't being exported. So you know the things that we just looked at in terms of like, okay, is this egg tray FDA approved? Well, it doesn't need to be FDA approved because that's not a regulation in China, so they can use it with a different chemical. Therefore, it's a cheaper price. So if you go to 1688 and look for your products, yeah, you probably will find them cheaper, but then if you need them to match regulations of your market, then that's when it's going to make it more expensive.   Kian: So I don't necessarily look at other websites, like I think you know you could go to globalsources.com, you can go to madeinchina.com. There's also sort of different websites as well, but generally enough, like, there's so many good factories on alibabacom and that definitely improved after COVID as well, because I never used to use alibabacom, like I was just used to go to China. I used to live in China. I used to go to the Canton Fair twice a year and that's where I'd find all my factories. And then, because Canton Fair was out for three years, that's when a lot of those factories started going online and Alibaba was like the first place that they would go. So I would suggest you're absolutely fine with alibaba.com. You can also, if you want to find the manufacturers of your competitors, you can look at importyeti.com, and I would say the best thing you can do for your business is really visit China as well. Go to the Canton Fair, and really because, yes, there's a cost in terms of a flight ticket in hotels to go to China, but I always say that cost more than pace for itself, because you are essentially fast tracking your product development.   Kian: You're seeing products there for the first time that you'll see them in real life before you see them online from other brands, and now you have to make your own version. You'll be able to negotiate better prices. You'll be able to get better quality products. You'll be able to build better relationships with your factory. You'll be able to get samples very quickly If you're like Bradley actually. So you're going to the factory. I guarantee you, if you ask for a new product and you wanted that sample, that sample will be ready in two or three days and you can take it home with you right? They'll send it to your hotel by the time you leave. But if you reach out to these guys online, you're like, hey, we're working on this new product, we're going to take them two weeks to make it. We can have to send it. It'll take a month. So you can massively and imagine you've got multiple products across multiple brands. You've got a month edge on anyone in the market just by being there. So I would highly recommend. But you know, canton Faire is only April and October every year, so you can visit China anytime you want, but all year round. I would be visiting websites like alibabacom to get an idea of right, who are the best suppliers and what are the best prices, and are there any new products that we just found as well? And then I'd be going to China as well, on top of that as well.   Bradley Sutton: All right, before we get into your last strategy of the day, how can people reach you if they want to, you know, see your videos or maybe reach out to you for some advice?   Kian: Yeah, sure, so I'm putting a lot of work into the YouTube stuff. So if you just type in Sourcing with Kian on YouTube, you'll see a lot of cool videos there. I started making a bunch of different videos on this China trip. I went into factories, I went into packaging factories, product factories and filmed videos of like. So actually, brad, I'll try and send one to you before you go as well, just so you could get a little bit of an insight. But, yeah, Instagram as well @kian_jg. I've got a Facebook group of the same name Sourcing with Kian and yeah, it's probably the best way to reach out to me. But I've got some cool stuff planned in the coming year in regards to, like, trips to China and stuff. So, yeah, definitely look out for that.   Bradley Sutton: All right, what's your last strategy of the day? Maybe a 60 second strategy or around there for that you can share with the audience.   Kian: I would say like, okay, 2024. Something you want to focus on would be product defensibility, right, Because you know, as you mentioned, with the shelf, like you know, a lot of people copied it. It raised at the bottom in terms of price and we have to innovate on top. So just like sort of three actionable tips. In terms of product defensibility, there's three main things you can focus on An act's getting exclusivity on your product, it's having a particular mold on your product and it's also getting patents on your product right. So exclusivity you can like if we go into a factory and we see a product that we like we didn't innovate it, factory did right, I can still order that product. But I can say, look, I want exclusivity on that. And you can get exclusivity by time. To be like, give me three months, we sell it to me and no one else. You can get exclusivity by region. To say, right, give me exclusivity for Germany or give me exclusivity for USA. Like we can pick a market, not just the whole world, and get exclusivity by that. Or we can also get exclusivity by quantity. To say, I've forecast I will order 10,000 units over the course of the year. If I don't order those 10,000 units, then you can sell it to everyone. So we just got exclusivity on a new product and I did this countless times at Alaska Anton Fair. That's a great form of defensibility.   Kian: Then, like patents, you know you can patent the product. Supplier might have a patent on the product, but the more. And then oh, by the way, this is such a sick hack, right, there was a particular product that we've been selling for a while. Factory has got the patent on it and then a lot of US brands were copying and infringing Chinese factory, trying to go after those US brands. They write to them and they're like hey, yeah, we're this company, we have the patent. The US brands just ignored it. They're like oh, it's a Chinese company, they're never going to sue us. I said to them look, make our company the co-patent, so we have our US brand. I was like make us the co-patent owner and then we'll go after them. Done Like, we now own the patent of that and then us, as a US brand, using US lawyers, are going after those US brands and are getting shut down left, right and center. So if you have a factory which is patented the product, that's a huge key if you can get co-patent on that as well. And then I mentioned molds as well. Like, molds are expensive. If you're developing a mold on a product, definitely get your logos embossed on the mold as well, so that they can't use that for anyone else as well. So, yeah, those are the key things defensibility, exclusivity, patents and molds.   Bradley Sutton: All right. Well, Kian, thank you so much for joining us. I'm sure 2024 will be great for you and hopefully we get to hang out at an event or here locally. I've got to get you on my Helium 10 basketball court here. We've been trying to do that for a while, so, hey, I'm ready, we'll anytime we'll settle at once and for all Lakers versus Clippers. I'll wear my Clippers jersey, you can wear your Lakers and we'll see. We'll see who comes out on top.   Kian: Let's do it, let's do it. Good to see you, bro, and thanks very much for having me and congrats on the 500 plus episodes.

After dropping a few hints here and there, Dave finally asks Mike the big question: what are you looking for in your next business? After getting into the mindset of selling all of my brands and getting back to the part of Amazon FBA that I really enjoy, I realized that it's not as fun as it used to be with my current business. I am trying to build it for the eventual sale, and after start a new business that's still within e-commerce.  As most of you have probably noticed, I've dropped a few hints here and there about starting a new brand, and what better way to do so than discuss it with Dave on today's podcast!  In this episode, we'll discuss a few criteria on what I would want my next venture to be, and whether Dave thinks they're unrealistic, or downright wishful thinking.  Here's some timestamps to get you started:   Introduction - 0:00  How was BFCM for you, Mike? - 0:53 The next project for Mike - 3:56 Struggles that Mike's trying to avoid in the future - 5:24 Mike's checklist for his next business - 12:17 Priorities with higher margins - 12:56 Increasing repeat business - 18:27 Products that work multi-platform - 24:47 A defensible moat around the business - 30:31 Making complexity an opportunity - 34:30 When is the new business getting started? - 36:39  I hope this is super helpful for those out there who are thinking of expanding their brand portfolio or starting a new business. If you are, leave a comment below on what you think your next business would ideally look like!  As always, if you have any questions or anything that you need help with, reach out to us at support@ecomcrew.com if you're interested.  Don't forget to leave us a review on iTunes if you enjoy our content. If you have any questions, send us an email at support@ecomcrew.com. We'd love to help you in any way we can.  Full Audio Transcript Mike Jackness: This is Mike and welcome to this edition of the Ecom Crew podcast. How's it going, Dave? Doing good. We're doing some recordings here after American Thanksgiving. So I feel I feel full and thankful, I guess. And yeah, we're doing some podcasts today. DJ: This is Dave. DJ:  I'm doing well, how about you? DJ: How was your Amazon balance though? Is that full and thankful after Black Friday? Mike Jackness (00:28.134) Not really. It was not a real great Black Friday, Summer Monday for us, but it never really is with the brand that I kept. I didn't really expect to have a huge Black Friday, Summer Monday. In fact, I didn't even open up my app over the weekend because I was like, I don't want to see it. Just because we didn't run any Black Friday deals. I mean, we talked a little bit about this on the podcast over this year. And so, I mean, hot and cold therapy packs are not giftable items. They're not the type of thing that people buy and gift them. There were lots of people in my space running Black Friday, Supper Monday deals. I imagine they just got crushed in terms of paying a lot of fees and giving up margin. I don't even remotely see how it's feasible. I mean, I see all these deals running. I mean, they're paying $300, $500 or more per deal, giving up a bunch of margin. DJ (01:10.195) Yep. DJ (01:15.27) No, I don't either. Mike Jackness (01:23.182) I can barely make it without even doing that. I just assume that they're losing money just to have an ego boost and that isn't interesting to me. We just go in a little bit of hibernation for this part of the year for this business. From late November to early January is just a dead zone for us. Early January things have to really pick back up. Going into the spring becomes our best months. Just roll in with what we have. When we had other businesses, we focused a lot on Black Friday and Summer Monday. We sold our baby brand this year. I'm sure they had a really great Black Friday, Summer Monday. We've sold color. That was always my favorite time of the year, although it was stressful. Black Friday, Summer Monday, huge for that. But for a hot and cold therapy brand, it's like, oh, you got me a ice pack for my back. Thank you so much. Maybe there is someone out there looking for that, but I don't think it's exactly the giftable thing. DJ (02:21.985) Yeah. DJ (02:26.573) Well, it is kind of a scenario of rising tide raises all boats and sure people aren't on there to buy hot and cold therapy pack, but they're on there to buy a toy for their daughter and hey, oh, by the way, I need to that ache on my back. I need to get something for that too. So you do get that. So I know for like our off-roading brand, it was up, I guess, about 30 or 40% over a typical Friday. So nothing crazy, but it was up. And I think that's just a case again of that rising tide. The craft brand that we have, that looked like it was up about Mike Jackness (02:40.098) Right. DJ (02:56.209) two and a half X, which I guess was kind of within my realm of expectations. And this is my first time really running a brand that is heavily dependent on Christmas. And that was one of my motivations for actually wanting to start this in the first place was to get a little taste of that Black Friday and Christmas madness. And yeah, it seemed like Friday was up about two and a half X. It seems like Monday's going to end about that too. So it was nice. I don't know how that compares to a typical Black Friday and Cyber Monday though. I really have almost no reference point because like you, Mike, most of my brands have always been, uh, not very dependent on Christmas on the holidays. Mike Jackness (03:34.474) Yeah, I mean, I think that sounds about right. You know, two and a half X seems to be what we've seen in the past. I think that that's a pretty good, pretty good result. DJ (03:44.017) Yeah. So on to today's topic, I guess, uh, as we're talking about our brands, uh, I think today's topic is what you're looking for in your next project and your next business. And I, I'm not sure if we're going into this totally as a blank slate. I'm not sure if that is actually e-commerce related, or you're looking at starting a coffee shop. Uh, so I'll let you take it away. And what exactly that next business, Hey, you're doing some competitor research. Mike Jackness (04:05.576) I've got my coffee right here. Yeah, I don't think it'll be a coffee shop. And I do think it'll be an e-commerce. I really do enjoy e-commerce. There's a lot of really good benefits to it. I also think that no matter, I've learned my lesson in terms of like the grass is greener type of thing, right? And so it's easy to start daydreaming about some other thing that's out there that can potentially make you more money. But the reality is you often forget about all the work and effort you put into what you're already doing And oftentimes that even though you know, there is a potential It's just potential and something else and the chances of success aren't as high And so I don't know. I think that I've got my ten thousand hours and then some into Indie ecommerce, so it's something that I would definitely like to stick with but yeah, I mean I I think everything's an evolution and I think it'll look wildly different than that what I'm doing right now. It'll just still be sewing things online. DJ (05:10.625) Okay. So that's, uh, that's Clara's mud e-commerce business. It's going to look different. All right, guys, that's a wrap. So what are the qualities in all seriousness? What are the qualities that you're looking for in that e-comm business? Mike Jackness (05:14.978) Hahaha Mike Jackness (05:19.435) Well, let's. Mike Jackness (05:24.918) Maybe we should look at from the other perspective of where we're at now and what the struggle is right now and what I'm trying to mitigate against, which is that we're in this situation right now selling the same thing that everybody else sells. There's really just absolutely no differentiation to our product versus the next guy. And the gap continues to close between where we've been able to have success and where we're heading to, which is that we've had success because we've had really high quality listings with good copy, good images, good customer service, lots of reviews, et cetera. But what I see is that the competition is accelerating quicker than the platform. Maybe at one point, the platform, you know, being Amazon. DJ (06:16.765) Mm-hmm. Mike Jackness (06:18.442) was growing quicker than there was competition. So even when there was competition coming into the market, your sales would still grow because there were so many new people coming onto the Amazon marketplace. But I just, by the raw numbers, I actually don't know how many prime members there are in the United States. I probably should know that number off the top of my head, but 100 million, 150 million, whatever it might be, it's let's say 30% to 50% of people in the United States. you're never going to get 100% saturation. And at some point, you're kind of hitting peak saturation of just potential shoppers on Amazon. And you know. DJ (06:54.361) Yeah. And I think the way to look at it actually, objectively, you're right. Like there's only, you can't have 400 million prime shoppers in America. There's not enough people. But all you have to do is look at Amazon's P&L and you can see that their retail sales last year were basically flat. They had revenue gains from advertising and other services, but their retail sales were essentially flat. Mike Jackness (07:04.839) Right, there's not enough people. Mike Jackness (07:11.635) Yeah, exactly. Mike Jackness (07:18.31) Exactly. And so when you look at the dynamics of that, where Amazon's, let's just say their revenue is flat in the United States, I do think that expanding out of the United States is an opportunity. We're also still pigeonholed a little bit again, because the types of products are selling. We're FDA registered in the US, trying to get other nationalities to approve these products and go through that process. I just don't think it makes sense for us right now. where we have done that in the past for other brands. And so, you know, if Amazon is hitting peak saturation in the United States, and competition continues to grow, and margins continue to erode, because when you have more competition, there's always somebody there that's willing to sell it for less. They're doing it for whatever reason, right? They're breaking into the market, and so they're stowing at a low price to try to get traction. They are... living in a lower rent, lower cost of living jurisdiction around the world, and they don't need to make as much money as I do to pay for my lavish Vegas lifestyle. There's always someone willing to do it for less. When there's more people that are in that category, it makes it more difficult for me to price my products and make the margins that I need to. to justify the risk that I'm taking by running these businesses because there is a risk, right? I mean, at any point your account could get shut down or you could get sued or Amazon could tumble and fall. There could be a recession. There's always things that happen in business. Over 19 years, I've experienced a lot of them. And so I think that you need to make enough money to justify the risk. You're holding hundreds of thousands of dollars in inventory at any one time. It feels like a hot potato. And so... Just trying to think through all these different things makes me want to shift into a very different environment where we're making products that are maybe a one of a kind or certainly much more difficult for somebody to just grab off of Alibaba or at the Canton Fair or through a sourcing agent from someplace in the world. DJ (09:35.525) Yeah. So I guess your first two points, if you want to boil it down, number one is you're looking for a product that has opportunity for international expansion. And with the products you're selling right now, they're basically a health product. And that makes expanding internationally a bit of a barrier and a bit of a difficulty. So looking for a product that is a little bit more easily expanded internationally. So running shoes don't have any international regulation around them into expanding into Australia or the UK or Canada or wherever. Mike Jackness (09:57.888) Yup. Mike Jackness (10:04.354) Yep, exactly. So, yeah, so I think, you know, shift and, okay, go ahead. DJ (10:07.425) So on that note, just before you go there, so our products are, most of our brands and most of our products don't face any international regulation in terms of import restrictions. The barrier that we've always had is, you know, you wanna expand to Luxembourg, but how do you justify getting that inventory in to serve the 12 people that live in Luxembourg? And that's always been the big barrier for us is that you need to hit a certain scale before you can warrant that international expansion. Mike Jackness (10:28.938) Right, right. DJ (10:36.253) And for us, Canada is about 25% of our sales. It works out well because, you know, I'm Canadian and geographically Canada and the United States are close, but expanding to a lot of these other countries, it is a big logistical issue. So, do you think that will be an issue? Do you think that you can overcome that, especially as you're starting up with a brand that's, you know, doing low thousands of dollars a month in sales in the very beginning? Mike Jackness (10:36.31) Yeah. Mike Jackness (10:40.994) Yep. Mike Jackness (11:01.898) Yeah, I mean, I think it all depends on how you're getting your sales and the size and weight of the product. Are you shipping individual orders from here to overseas via some of these lower cross programs or are you having to land inventory in an NOAA jurisdiction first? So I think that there's still quite a bit that remains to be kind of figured out because I think there are certain criteria which we're going to go over here next that I am looking for. Being able to expand internationally, I look at as a long-term thing. I don't look at that as month six, I need to go expand internationally. I look at that as in year six maybe, after I've hit saturation in the US and now I have enough of a war chest or my logistics and manufacturing has spun up to a point where it makes sense to where I can efficiently break into another country. logical choice, as you said, is geographically close. It's same language. There's a whole bunch of huge benefits. You can even get started by just shipping stuff across the border, onesie twosies at a time to customers versus having to get inventory landed to test things. It's much easier. And so, yeah, I think of that as a longer term thing. It's just one of those things where I think it's a natural thing for a business to hit a point where... your business or your SKUs have hit saturation in the US and you'd be looking to expand internationally. DJ (12:34.333) Yeah, interesting. I am totally with you where I think that is where the profit centers are in smaller markets and smaller marketplaces, even though the bulk of the sales may come from the United States and that justifies the orders. Ultimately, it's the smaller marketplaces and smaller markets, which really move the profit needle. So, okay, you talked about customization too, and I know you're talking about a few other things. I don't know if you want to riff on that for a minute Mike Jackness (12:55.806) Yeah. Mike Jackness (13:03.85) Well, let's go through criteria because I have a list. I'm prepared with a list of things. So my number one thing at the top of the list is margin. Right? It just the idea of buying something for $10 and selling it for 30. We've discussed this many times on the podcast. I think that those days are just completely like way long gone in the rearview mirror. DJ (13:06.081) Sure. Okay. Mike Jackness (13:29.262) And so I'm thinking in terms of buying for 10 and selling for 50 as like the absolute bottom line floor. And so, you know, what qualities and criteria of a product do you have to have to be in that ballpark are the things that I'm looking at. Yeah, go ahead. DJ (13:44.821) So before you move on to that, why are you looking for margin? Because I know it sounds like a silly question, but I am totally with you. And I think perhaps my revelation for why I'm looking for margin is my reason is probably one of your reasons too, but I bet you it's probably not your number one reason. So what's the number one reason why you're looking for margin? Mike Jackness (14:04.694) Well, I mean, for me, it's really just the ability to be able to advertise. You know, it's, uh, this, this is not a new thing just because I, I'm going to tell you the story from last week, but, uh, cause I've been talking about this for quite a while, but I was with a buddy of mine in Los Angeles, uh, last week. And I went to a wedding in Los Angeles. It was a great time. And I had to pick one person that I, uh, that I can go see cause I only had like a very limited time. I flew in and flew right back out. Uh, and so I just kind of. went down my list of who I hadn't seen the longest and went to go see him. And after we had lunch, he asked me to look at his Facebook ads account and just kind of give him some recommendations. I'm like, holy crap, dude, like you're spending so much on these ads. Like you can't, he was getting like a two X row as I'm like, you're getting just slaughtered. He's like, no, I'm not like I'm actually still making money with this. And I was like, holy crap, like what do you, you know, we still we got into like, what are you buying this for and blah, blah. God, what a refreshing change of mindset, right? Where you're just like, I can afford to spend this money on these ads in a world where that's gonna be more and more prominent. Like you think about where things came from when you and I first got started a decade ago to where they are now, to where they're gonna be going another decade from now. It isn't like less and less people are gonna be involved in e-commerce and there's gonna be... less and less social platforms or whatever other platforms are out there that we can't even imagine 10 years from now, ads are going to continue to be more and more competitive. It's all going to be moving electronic. Just can't imagine a world where that goes any different. We're not going to go back to print. We're not going back to newspapers or national television programs to be advertising. It's all going to be these micro-advertising experiences. having the ability to have a product that you can spend that much money on that appeals to a certain segment of the population because again, now you have to be having a high-end product, something that people emotionally fall in love with and are making a purchase based off of that versus just they've typed in something into a search bar in Amazon and just want to buy and solve a problem. And so... Mike Jackness (16:27.694) I think that margin really comes down to all that. It also, there's a bunch of ancillary things that I think are important. I mean, besides just letting you spend money on advertising, it allows you to have a longer, more longevity in your business, right? Like as costs continue to go up, which is always going to be the case. Like there's never been a year I'm like, ah, prices went down this year from my cost of goods or from my ad cost or from my platform cost or for shipping cost or... for my anything, right? Like insurance and electric, whatever. Like every year, everything goes up. There's inflation plus, you know, just platforms get better at extracting fees and Amazon's really good at that. You know, and so I think that you start with kind of the end in mind. It isn't like, oh, because I, obviously I'd love to have a product that I can buy for a dollar and sell for five years ago or whatever. But like. where things are going, I think that we're going to be talking about like, I'm going to buy something for a dollar and sell it for seven longer term. This is going to become a more and more difficult thing to overcome. I want to set the bar high now to allow me to have a business that three to five years from now, when I'm thinking about potentially selling it, there's still a healthy margin as things do erode. DJ (17:33.36) Yeah. DJ (17:54.097) Yeah, 100% agree with both of those. And I'll tell you why the other reason that has been my kind of epiphany over the last couple of years, when it comes to margin. Uh, so we have historically sold a lot of really expensive products. Let's say a thousand dollar rooftop tent. Uh, we'll buy it for 500. We sell it for a thousand. Let's say we make 10% on it and we make a hundred bucks on it. However, all our money is in that cogs and paying that six months before we actually sell it. We have to place the order and then. six months later, we sell the product and we get the money. However, if you're putting all your money into advertising, that's where your costs are, is that you're dependent on advertising. You pay that net 30, you don't pay it six months in advance. So the problem is when all of your costs are in cogs, instead of advertising and marketing, you're paying that six months in advance and it's a huge cashflow issue. And that's why almost all these companies that scale really quick, e-commerce brands that scale really quick, they have high margins, not because at the end of the mine where I have all my money tied up in cogs, it's because they're able to utilize their cash a lot more efficiently than I am because they're paying for their advertising marketing costs 30 days after they incur them, not six months before. And having all your money tied up in cogs and having this really tiny gross margin, even though your net margin might be the same as Mike's watch brand, it is just a total hindrance to being able to scale that company. It's one of the things I've realized. over the last couple of years is why all these companies that have these massive gross margins where they're buying for a dollar and selling for a hundred, while they're able to scale, even though at the end of the day, their marketing and advertising costs mean that their net margins are still the same as me. So that's been my big revelation on why I'm now looking like you might mention five X, but you know, even six and seven X. Mike Jackness (19:40.522) Yeah, and there's lots of things out there, shockingly, that do fall in that category. But you have to do more work. Right? I mean, there's nothing in that bucket that's easy, right? In terms of just sourcing it off of Alibaba and then turning it around. Not that I'm aware of, at least. It's things that require a little more work, which we'll talk about here in a minute, because that isn't the... The second biggest thing for me in terms of when I'm going down my list of things that like are must haves, if margin is number one, number two is the ability to sell more to the same customer. Like I find this to be incredibly high up the list and really, really important factor into whatever business I'm into next. Because again, as we just talked about, as ad costs continue to go up. and competition is going up, the ability to recover your sunk cost from getting that first sale needs to be able to be divided eventually across two, three, four, 10 plus sales. And so this is a very important factor for me. We do have repeat business for ice wraps. It isn't like it's zero, but I don't spend a lot of time email marketing or doing Again, Black Friday, Summer Monday sales or the types of things that a brand that has the ability to sell inherently more to the same customer does. Because if we do our job right, someone's buying our product once and never buying it again. And it's pretty rare for you to buy a health related product again for a friend or family. It's just not normal to like, you know, for Christmas or. for a birthday or whatever to give somebody an ankle ice wrap because you heard that their ankle was hurting because if their ankle is hurting, they're going to buy the thing right then and there. And so it does happen. And so the reason we have repeat business is that we're selling to other businesses. And we see this on our Amazon dashboard. We see this from our Shopify sales. It's the chiropractor office. It's the dentist office. It's the physical therapy office. We also sell customized packs. We're like literally it's those customers that are getting their name printed on these Mike Jackness (22:04.494) products that they then hand out almost as like a business card to have their repeat business of people coming back to the chiropractor or the dentist or the physical therapist. And so we do have repeat business there, but there's only so many of those companies out there and we're never going to get into hiring a salesperson and calling on these types of offices and trying to convince them to buy our products. It just isn't where my expertise is. And I don't think that… It makes tons of sense to try to do that. But what I'm thinking of is more in terms of what we have with Color It, where someone's using up a page or a gel pen or a pencil and they're actually consuming our products similar to a can of shaving cream or a razor blade every single time they use the product. And so, or if it is something that's giftable. So like they buy one. They... maybe it isn't consumable, but they might buy another one from themselves or another two or three from themselves, or they'll find themselves really liking the product. When it comes time for the holidays or for a gift, they're like, man, I enjoy this product so much I want to give it to somebody else. Whatever element that is, I don't really care exactly what the product is necessarily as long as it hits that criteria of I can get somebody to buy my products more than once. DJ (23:31.985) So high repeat rate. I hear two things that either means A on Amazon, subscribe and save or B off Amazon. Mike Jackness (23:40.37) Right. And it even can't be on Amazon. Like, I mean, Color products weren't subscribe and save, and people were buying them off Amazon more than once. Right? It's like they're looking, they're seeking out our brand or our other products, because they weren't buying the same exact product. But subscribe and save certainly would be great, you know, if you think about a food product or other products or whatever that makes sense in terms of subscribe and save. That certainly is, it certainly is an angle. All the other things that come with your building a brand, sinking money into building an email list, sinking money into YouTube or SEO, building out your Amazon store, brand story, talking to Amazon influencers, just having your stuff out there to where once you have a customer, they're going to love your products and type in your stuff and seek it out. Color it was and is a search term on Amazon. You'd be shocked at how many people were actually searching our brand name. Uh, and that's something that I think is, is really important because again, they, they might buy color at Mondalas version one and then go out and look for volume two or go look like, man, I really love this, this product. I'm going to go type in color at coloring book and go look for other titles that are, that are out there. And so while it might not fit in the subscribe and save thing, it's still fit in the, uh, the repeat business category. And so certainly, however, However that is, whether it's subscribe and save or they're seeking us out, I think is an important component. DJ (25:12.837) Yeah, I would have agreed with you two or three years ago. I think if you're not subscribed and saved now, the chances of any repeat customer on Amazon occurring is very, very small. So first off, even outside of on Amazon, somebody finding your product on Amazon and then going and buying through your website, like they might have a few years ago, I don't think that really happens anymore. Amazon has complete monopoly over people's purchase behavior where they're not going to buy from another website. It's just. You know, even when we ran anchoring.com and anchoring.com or 80% of our sales, that just can't exist today just because there's so much loyalty to Amazon. So the idea of that, somebody finding the product on Amazon, going to your website and buying probably unlikely. I also think. Mike Jackness (25:56.662) Well, I'm not suggesting they come that they I'm not trying to drive them off Amazon to our website I'm just trying to get them to buy more from Amazon DJ (26:02.529) Yeah. And I think even that trying to get people to buy more on Amazon, that is relying on branded search, even if you get it to occur, there's so much advertising noise on Amazon, that somebody filtering through all that and making their way to your Mike Jackness, uh, sweater page, really, really hard to do a lot harder to do nowadays than it was before. However, my mindset, again, maybe I'm completely wrong, but my mindset is that those two don't work, but the one area that does work incredibly well is subscribe and save because. You get that repeat purchase behavior happening over and over again. It's automatically added to the cart every three to four weeks or whatever interval they set and it's there basically forever. So that's my way of looking at it. If you can do subscribe and save for an item, man, you are golden. But other than that, it's tough on Amazon. I could be wrong. I'd love again, on the comments, if anybody has a business on Amazon that has a high repeat purchase rate, not in subscribing, say I'd love to hear about it. But that's my opinion, really hard, a lot harder now on Amazon than it used to be. Mike Jackness (27:04.106) Yeah, I think that one of the qualities that would exist here, it wasn't actually on my list, but it's certainly up there. It's actually funny that you brought this up, but something that would work well multi-platform, which is a unicorn in itself as well, because it's typically a product that's really well suited for Amazon or it's really well suited for DDC off Amazon via Shopify and Instagram or Facebook ads or whatever. There's a small subset of products that... DJ (27:17.249) Mm-hmm. Mike Jackness (27:33.27) that the Venn diagram overlaps. That would be another quality that I'm looking for as well. I mean, it wasn't specifically on my list, but it is an important quality, because then you have an ability to go after particular keywords in search on Amazon and have that business, and then also have an ability to do SEO. and have it go directly to your Shopify store, having the ability to do DTC ads, Facebook, Instagram, TikTok, et cetera, all the things that I find to be really fun. Maybe that has a lot to do with it. It's like, I want to have fun and enjoy what I'm doing, which is certainly an important component for me to be able to do that is really important. And so I think, it's an interesting way to articulate it different than what I was thinking, but certainly that would be another component that would be important to me where I sit down and go, man, like this product, will never do well on Amazon, I think that doesn't make a lot of sense. Or you get, you look at a product, this is only something that's going to do well on Amazon, it'd be very difficult to, like right now, that's kind of where we're at. We have a product that's difficult to sell off Amazon. They do sell, we sell them on our website, but SEO, et cetera, is not really a great long-term strategy. I mean, the brand that we just sold back this summer worked well on both platforms. We had expanded to Shopify. being almost a quarter of our business from starting at almost zero when we bought it. So I think that that's an important thing. So you're not platform handcuffed. I only picked three things to talk about today because I know we have a limited amount of time. And so that was not on my list, but very interesting nonetheless. DJ (29:17.221) Yeah. And I know it's not on your list, but actually you brought up a really good point there. More fun, more enjoyable to run. Not necessarily more profitable. So this is kind of for me too, is like I'm trying to imagine, okay, what's a business that I'm going to be really excited to run and tinker on a day-to-day basis. And the truth of it is, you know, a Shopify site, we can debate the pros and the cons of it from a profitability standpoint compared to Amazon all day long. Mike Jackness (29:38.688) Yep. DJ (29:46.173) The truth of it is, at least for me and probably for you too, Mike, it's a lot more fun to run. It's a lot more fun to tinker with your funnels and your landing pages. I'm like, how can I increase my conversion rate? Uh, 0.001% by, you know, affecting this email campaign. Um, it just allows you to scratch that marketer itching you a little bit more because Amazon is really product based and, uh, you know, uh, me and you are probably more marketing based and product based and Having a Shopify site is just a lot more fun for scratching that marketing itch that we get than Amazon profitability aside. Mike Jackness (30:22.686) Yeah, I mean, absolutely no doubt. I mean, I don't know. Like, I think a lot of it comes down to being able to interact with your customers, right? With Amazon, it really feels so isolated. They've made it more and more isolated. And I love when they put these polls up in their back end that we have to look at every day, because it just shows you how disconnected management and Amazon is every single day. We should make that the way that we open the podcast every week is just to make fun of the poll. in the back end of Amazon. Today's poll is when I appeal a listing suspension, Amazon responds in a timely manner. If they actually think that that's what happens, if they're expecting everybody to be like, I agree, strongly agree, they're fooling themselves. One of the questions that came up recently was like, I have the ability to interact with my customer. I was like, what do you mean my customer? You guys explicitly say that it's not my customer, it's your customer. Do not contact them under any uncertain circumstances. I don't know, I think that that's pretty funny and I do feel isolated from it. DJ (31:23.073) Well, I'm sure they do it because they know the answer is either going to be 1% or 5%. Like that actually grew that answer and they're looking at, yeah, we got 5% this week. So I'm sure that they're completely aware that those questions are going to result in overwhelmingly negative responses. So there must be some strategy behind why they do it, but it does feel a little toned every time you log into Amazon, you see these questions, which are just infuriating. And I know that data is probably valuable to them and they understand what kind of Mike Jackness (31:44.116) Yeah. DJ (31:53.141) Like it really is infuriating and that's totally an aside, but I'm with you Mike. Every time I log in there and I see these questions, it's like, dude, like just be a little bit more sensitive. Mike Jackness (31:55.083) Yeah. Mike Jackness (32:02.707) Yeah, yeah, I mean, I don't know. It's funny, but yeah, that definitely is a very, I don't know, I really got a lot of joy out of being able to interact and do that and feel connected to my customers, my tribe, my people, seeing how that was affecting them in a positive way. And that really is infectious and makes you want to go design and do more things. And so yeah, it's certainly something I would be looking for as well. DJ (32:28.449) Well, it's a good thing that customers never complain and never find your cell phone number on a six o'clock on a Saturday night by calling your three PL and then calling UPS to see if they can give you the phone number to the owner of EcomCrew LLC. But yeah, I think back to that. I totally agree with you, dealing with customers on a day-to-day basis. It's really nice when you get... Mike Jackness (32:40.648) Yeah. Yeah, well that's you, so. DJ (32:56.969) than 95% of them who have a positive experience, but there's always going to be somebody that gets their product that arrives late and it was like a Christmas gift and it shows up on December 26th, uh, completely out of your control. But still they find that number, your phone, personal phone number somehow if they're with the repel or some other mechanism. Um, and so definitely that part, I don't know if I'm with you on that one. Uh, looking forward to dealing with all customers cause I know the bag go with the good. Mike Jackness (32:59.682) Yeah. Mike Jackness (33:24.138) Yep. All right, so let me get my third thing out of the way here because we're already, we go over time every single time, but it's a fun conversation. And my list is quite a bit long on this, but these are just the top three things I had on my list. The last one here is some sort of a moat, right? And so, you know, whether I'm building a, depends on the size of the castle, the size of the moat or whatever, but you're just thinking through things of how difficult is it. to duplicate my business. And I want it to be as hard as possible for somebody to recreate what I do. And now that doesn't mean impossible because that's just ignorant. Everything can be copied. But I want it to be more difficult than the average person is willing to do. And more difficult than nine out of 10 people in fact are willing to do, right? And so... I know there will be other people that will be willing to do it, but I want it to be something that requires a sizable capital investment to get started, and so people stay away because of that. Maybe it's something that requires signing a lease or getting a warehouse for and having employees here and doing something, and that's the thing. Maybe it's something that has intellectual property or a patent, and that becomes the defense. Maybe it's something that has all three of those things, which would be... even more exciting. But certainly again, what I'm trying to prevent is the 7 billion people around the world that have access to these platforms from being able to do the exact same thing I'm doing with relative ease, which is the exact spot that I'm in right this second. Again, we have a brand that I bought in 2015 that luckily has had tremendous success and I bought this brand for $50,000. It will be a huge success story the day that we sell it. It's been our cash cow. But again, it doesn't mean that I want to continue to do this indefinitely, because the last year has been a struggle. It hasn't been a cash cow this last year. It's certainly getting more and more difficult. And so looking at what we have here, which is, again, zero defensibility. Anywhere in the world can go get these products and sell them against us. And Mike Jackness (35:49.238) They will struggle to start with because just making a nice listing and selling it for less doesn't really get you a whole lot of traction or get you anywhere. But over time, there will be people and things that stick. And we certainly have a lot of competitors out there now selling the exact same product. And realistically, it's just as good. You put it in the freezer, it gets cold. You throw it in the microwave, it gets hot. I don't have the same excitement about it as color. stand in traffic defending those products all day long because they were truly better. They were really great products that people really love and they were defensible. And so I had everything was a little extra property, it took a big investment. And so you mentioned customization earlier. That's certainly one of the things I've been looking at because if you're doing customization and being able to ship and get it there quickly, inherently you probably need to do that in the United States. There are some things that can be. DJ (36:46.094) Mm-hmm. Mike Jackness (36:47.746) customized abroad and then ship because there are some huge leaks in our system. It's crazy. You can ship stuff from China to the United States cheaper than just shipping from Nevada to Nevada. I was just at my buddy's house today. He does e-commerce stuff and he printed me out a label because it's cheaper than going to the post office. But a medium flat rate box is up to $14.75 now. It's crazy. I mean, and you can literally ship something from China to here. DJ (37:10.439) Yep. Mike Jackness (37:14.782) In something like five to seven days, we've had people on the podcast talking about this for less than that. There are customized things that you can ship from around the world, but I'm not talking about like trade show pens here or something that's just your run of the mill commodity customized stuff. I'm talking about something that has a little bit more uniqueness to it than that. There's a lot of things I've been looking at in that regard. Again, something that has some sort of emote where the complexity becomes the opportunity. And I am, you know, I've always been willing to work hard. I've been a hard worker my whole life. I feel like, you know, I've had a pretty easy the last few months. And so certainly it'd be easy to go back into, and we're settled here now, which is the other cool thing. I mean, we're just not going anywhere. And so having a warehouse and having people here to do that stuff would be, it'd be a good timing for us. And if that's what it took. And so, It'll make it more difficult for other people out there that are just getting started, the people that are listening to this that don't want to make those steps. But for me, again, I'm willing to do it. I think that it seems crazy to not do e-commerce. All the skills, again, are very applicable. I still want to be able to sell whatever these products are on Amazon. I still want to be able to launch that Shopify store and sell. sell on Shopify, I still want to be able to run Facebook ads, TikTok ads, Instagram ads, Google ads, do some SEO, do email marketing, and work with influencers and have all this ecosystem and things that I've worked really hard on to learn all these skill sets. It seems like nothing to me because you're learning a little bit at a time and it makes it feel like you haven't learned a whole lot. I never went to college for psychology, but there's like a term for this of where... You know, something seems easy because you're learning it one day at a time. But if you try to tell somebody that is just getting started, how to sell their products online, and you had to like verbally tell them this, you know, almost like you had a podcast telling people about this. I mean, you'd be there for weeks and months and years, like verbally trying to exhaust what you have in your head to somebody. DJ (39:17.17) Almost like you had a podcast. DJ (39:28.469) you would be on episode 525. Mike Jackness (39:31.466) which I think this might be exactly episode 525, or it's very close to it. And so, you know, I think there's a lot to be said for that. I mean, we have 10,000 hours in podcasting. So, yeah, I mean, it's something that I've definitely put a lot of thought into, and I want to be able to kind of have my magnum opus e-commerce brand, which will... Now, here's the hard part is that I'm kind of committed to this one thing strategy right now. And so... I cannot start doing that until this current thing is complete. And it has been tough. It's been tougher to get out of bed than it has been in a long time and work on the stuff I have to work on because it's not exciting. I mean, it really is not the fun stuff, but it has to get done. DJ (40:22.697) Amen. All right. So that's your idea for a business. Not going to happen for until you can finish this one thing. And then you're going to find this unicorn of a high margin, high repeat customer, big moat business. And then you're going to partner with me on it. Mike Jackness (40:37.01) I don't think it's a unicorn. Yeah, well, I mean, I need someone to help me sell in Canada. I don't think it's a unicorn. You know, I really don't. There's a lot of things that I've been looking at. I don't necessarily know that I want to mention them all here on the podcast right this second, but there's a lot of things. I mean, there really is a lot of… There are hundreds of different types of products and ideas. DJ (40:44.481) Sorry. Mike Jackness (41:06.518) that can be done. Now, I guess it is a unicorn when you figure that there's probably a billion freaking products online. Like literally, I think that's probably not an exaggerated number. And so we're talking about hundreds or thousands into a billion, okay, maybe it is a unicorn from that perspective. But it's not like the true unicorn of like, there's only one. Like I think that there's a lot of things that fit this criteria. What doesn't fit this criteria is just the, I'm going to again, DJ (41:12.904) Yep. Mike Jackness (41:37.034) just be a faceless, mindless reseller of products on the internet, which is getting close to max saturation. DJ (41:45.949) Yeah. And I poke fun at you because it sounds like you've described a unicorn, but the truth of it is basically what you're saying is that you want a business with, uh, more margins to support higher advertising costs, uh, and more margin probably to support a little bit of customization, a manual input locally. Uh, and that kind of leads back to your higher margin part, not because necessarily your net margins at the end of the day are going to be any higher than the business that you have now. It's just going to be a little bit more of a, uh, of a different rejiggering of where those costs occur, which Ultimately, we'll give you more defense build. Mike Jackness (42:20.002) Cool, well we have hit the 42 minute mark of this podcast so we're already way over our target as I mentioned but hopefully this gives people some things to think about as we're ending 2023 heading into 2024 which is crazy. It's another year it's gone by. quickly so it's getting close time for our top episodes, episodes and what we're thinking about doing in 2024. It's crazy this is all happening and time to take the year end break and vacation. So we will probably not have an episode here that last week of the year just to because most people are out in some outer space spot. But yeah, getting close to wrapping up another year. It's crazy. DJ (43:01.089) Cool, well, we will chat in the next one whenever that is. Mike Jackness (43:04.342) Whenever that is. All right, until that one everybody, happy selling. We'll talk to you soon.

Today I have my friend Athena Severi on the show. Athena is the founder of the Titan Network, one of the largest networks of Amazon sellers in the world. She also runs China Magic, where she runs a guided tour of the Canton Fair. In this episode, you’ll learn about her entrepreneurship journey and how she’s hustled her way to the top. What You’ll Learn How Athena got her start in ecommerce How Athena created one of the largest Amazon seller networks in the world How Athena helps entrepreneurs grow 7-8 figure businesses on Amazon Other Resources And Books Titan […] The post 505: The Blueprint For Building The Largest Amazon Sellers Network With Athena Severi appeared first on MyWifeQuitHerJob.com.

Sourcing specialist Kian Golzari returns to the podcast to share how to use AI tools when sourcing and developing products. Golzari has sourced over 3,000 products, and his global clients include the NBA, Olympics, Bed, Bath & Beyond, Tesco, Argos, and Aldi. He's also an instructor on our foundr+ platform, teaching courses on product sourcing and product development.  Listen to Nathan and Kian discuss: The difference between innovating and imitating products  Sourcing products for the NBA, Steph Curry, and Neymar Jr.  How to use AI to scrape and summarize product reviews and pain points The necessary human element of product sourcing How to verify the top factories on Alibaba How not to get overwhelmed with the amount of AI tools Why relationships will always matter When to use and not use chatbots Why the Canton Fair is Disneyland for Kian And much more product sourcing advice... *This interview was part of the Foundr Ecomm-AI Summit that took place October 23 - 25, 2023.  Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

Mike and Dave recap going to India, where they mark the biggest differences that they've seen between Chinese Trade Shows and Indian Trade Shows.   The India Sourcing Trip finally took place earlier this October!   Dave and I, along with a few friends and loved ones, went to India for the first time to check out the India Ecomm Summit, visit a Manufacturing Factory and see the Taj Mahal.    Timestamps: 0:00 - Introduction 0:44 - Jet Lag 2:37 - Key Differences Between Chinese and Indian Trade Shows 3:37 - Product Differences 9:09 - Lack of Variety 13:49 - Product Quality 16:32 - Questions You Should Ask In Trade Shows 22:20 - Lack of Pressure 29:15 - Communication Differences 32:21 - Country Differences: Traffic Culture 37:14 - Country Differences: Sightseeing Diversity 38:50 - Visiting a Manufacturing Factory in India 42:43 - India Sourcing Trip   Shoutout again to Meghla, for making everything possible for Dave and I and setting us up with this eye opening trip.    If you're interested in possibly joining the India Sourcing Trip next year, check out India Sourcing Trip which is managed by our friend, Meghla Bhardwaj. If you'd like to learn more about Meghla Bhardwaj, check her out on her LinkedIn page.   As always, if you have any questions or anything that you need help with, reach out to us at support@ecomcrew.com if you're interested.    Don't forget to leave us a review on iTunes if you enjoy our content. If you have any questions, send us an email at support@ecomcrew.com. We'd love to help you in any way we can.    Thanks for listening!   Until next time, happy selling! 

Sourcing and Manufacturing Options Outside of China - With Mike Michelini Introduction In this episode of Seller Sessions, host Danny McMillan interviews Mike Michelini, an expert on sourcing and manufacturing in Asia, specifically Thailand. They discuss the pros and cons of manufacturing in Thailand compared to China. Key Takeaways Thailand is known for handmade, natural products vs China's expertise in electronics and injection molded plastics Northern Thailand specializes in wood, handmade goods, natural products. South Thailand near Bangkok has more traditional factories. Response times are slower in Thailand - you have to follow up more but once engaged, they commit Use Facebook and Line app to source suppliers in Thailand Higher minimum order quantities (MOQs) in Thailand - educate on holding inventory Packaging options less abundant than China - focus on great branding Overall quality has been higher for Mike in Thailand vs China Comparisons of Manufacturing in China vs Thailand China is the "world's factory" - expertise in electronics, injection molded plastics Thailand better for handmade, natural products - wood, dried flowers, clothes Northern Thailand known for wood, handmade goods, natural products Southern Thailand near Bangkok has more traditional factories with port access Response times slower in Thailand - have to follow up more aggressively Once engaged, Thai suppliers very committed Source Thai suppliers via Facebook and Line app vs Alibaba Higher minimum order quantities (MOQs) - educate to hold inventory Packaging options less abundant than China - focus on great branding Quality has been higher in Mike's experience with Thailand vs China Sourcing Suppliers in Thailand No Alibaba-like platform - use Facebook and Line app Search Facebook in Thai for suppliers and products Engage via Facebook Messenger then move to Line app Get friendly with emojis and build relationship Recap terms in a quotation for clarity Prepare to educate on holding inventory for lower MOQs Packaging options less abundant - develop great custom branding Overall quality has been higher than China factories Tips for Manufacturing Outside China Expect higher minimum order quantities (MOQs) and educate to hold inventory Develop great custom branding and packaging to stand out Build relationship with factory through messaging apps Don't assume same level of urgency - follow up aggressively Confirm terms: pricing, MOQs, delivery timelines, inspection process Leverage inspection companies expanding across Asia With lower volumes, consider negotiating payment terms favorable to you Be prepared to educate on your needs like lower MOQs Mike's Joint Venture Brand in Thailand Mike partnered with long-time plastic manufacturer in Thailand Started joint venture company and private label brand together Mike has 30% equity stake, manufacturer holds 70% Manufacturer finances inventory for launch around $150k Mike's company makes payments over time to pay back capital Cross Border Summit in Thailand Mike's signature event connecting Amazon sellers and experts Started in China alongside Canton Fair schedule Moved to Thailand and postpones 2 years for border reopening Occurs annually in March/April timeframe Valuable for networking and meeting suppliers 2023 summit scheduled for March 30-31 near Chiang Mai Check CrossBorderSummit.com for details Conclusion Thailand offers a compelling option for sourcing quality products outside China. With the right expectations and preparation, you can find great partner factories to produce your products. The Cross Border Summit provides an opportunity to network and meet potential suppliers in Thailand. Keywords: Thailand manufacturing, China manufacturing, sourcing outside China, finding suppliers in Thailand, Cross Border Summit

On today's Lunch With Norm, we are with the Founder of Sourcing, Kian Golzari! We discuss getting ready with Canton Fair 2023. Find out who should attend the Canton Fair and secret of negotiation. Our guest has personally visited over 500 factories and sourced over 2,500 products.   This episode is brought to you by Post Purchase Pro Post Purchase PRO specializes in helping Amazon sellers create more sales, ranking, and reviews through post purchase marketing. Finally your email marketing can be actively managed by professionals with over 30 years experience so you can focus on running your business. Increase repeat purchases, drive better organic search term ranking, get more reviews, and build a real asset. For more information visit https://www.postpurchasepro.com/lunch   This episode is brought to you by VAA Philippines VAA is the world's only company specializing in Virtual Assistant services for Amazon sellers. We invest significant resources in our VAs, including a thorough screening and selection process, intensive month-long Amazon training for accepted candidates, ongoing professional development, and a warm, supportive community. You can rely on your VA as a dedicated employee who will deliver consistently high-quality work on an efficient, ongoing basis. And that means peace of mind for you. For more information visit https://www.vaaphilippines.com/   This episode is brought to you by Startup Club Startup Club is the largest club on Clubhouse supporting the Startup ecosystem. Startup Club offers an exciting sense of belonging to established and aspiring entrepreneurs, startup businesses, and companies wanting to Learn, Connect, and Grow. Join us for conversations with founders, entrepreneurs, angel investors, venture capitalists, subject matter experts, and more. For More information visit https://Startup.club   This episode is brought to you by Jeff Schick Legal Protect your business from legal threats that could severely disrupt your normal business operations. I designed my monthly retainer plan with the sellers in mind, because I've been in your shoes. For a very low, monthly retainer of $89, Get access to Amazon attorney Jeff Schick. Mention Lunch with Norm and receive 50% off the first 2 months. For more information visit https://jeffschick.com – drive online sales, increase conversions and help build your brand.   This episode of Lunch with Norm is sponsored by Surgo Marketing. Ready to take your brand to the next level on TikTok and Instagram? Surgo Marketing specializes in helping entrepreneurs and coaches build a profitable brand on TikTok and IG in less than 90 days.  With Surgo Marketing, you can build your brand, create incredible video content, and increase leads without spending a dime on ad spend. Visit surgomarketing.com today and elevate your brand.   This episode is brought to you by Rebaid. Attention sellers and brand owners! Are you looking for a way to reach more shoppers and promote your products? Try Rebaid! Rebaid's platform connects you with shoppers looking for great deals on exciting new products. We make it easy to offer promotional deals and handle rebate payments with seamless redemption and efficient processing. Don't just take our word for it, see why we have an Excellent rating on Trustpilot® and rave reviews from thousands of satisfied customers. Increase your sales and reach more shoppers with Rebaid today! For more information visit https://www.rebaid.com In this episode,the Founder of Sourcing, Kian Golzari, is here. Today, we discuss getting ready for the Canton Fair 2023. He has personally visited over 500 factories and sourced over 2,500 products. This episode is brought to you by Startup Club, Rebaid, VAA Philippines, Post Purchase Pro, Surgo Marketing, Jeff Schick Legal and HONU Worldwide.   *All conversations and information exchanged on the Lunch with Norm podcast or interaction on the Lunch with Norm Website is intended for educational and entertainment purposes only. Do not confuse this with advice or direction with your business per se. Always do your own research before following advice from any podcast/website. Amazon's Terms of Service is always changing. Make sure you are following relevant up-to-date information.

Quanto custa viajar para a China? Quando vale a pena ir? Como encontrar bons fornecedores? Vale a pena ir para a Canton Fair? Tem outros lugares para visitar? Preciso de tradutor? Tudo isso e muito mais você vai aprender neste Chinacast. Ouça agora!

Se você está indo para a Canton Fair 2023, precisa assistir este vídeo para receber as dicas que vão te proporcionar uma melhor experiência na maior feira de negócios do mundo. Ouça agora! 

Canton Fair October 2023 - Expert Tips with Kian Golzari In this episode of Seller Sessions, host Sharon Even welcomes back Kian Golzari - expert on sourcing and manufacturing products in China. Their engaging discussion centers around the Canton Fair scheduled for October 2023. Kian shares invaluable insights into preparing for such events. He emphasizes the necessity of walking in with a clear objective, a deep understanding of the product, and, if possible, a specification sheet or actual sample in hand. The two delve into the intricacies of supplier interactions, highlighting the importance of trust. Kian stresses the value of face-to-face negotiations, noting potential savings and improved production methods that can arise from these direct conversations.  Sharon and Kian discuss cultural nuances, like the significance of business cards in Chinese business etiquette, and how bonding over shared interests, like basketball, can foster smoother dialogues. A major takeaway from Kian's insights is the central role of preparation, trust, and transparency in fostering successful supplier relationships, whether you're a seasoned entrepreneur or a newbie.

Amazon OG Frankie Thorogood's Near Fatal Crash To Spectacular Exit in 18 Months -  - *About Frankie*: Not commonly found in traditional FBA circles like Facebook groups or events, Frankie is an old-school seller who's carved out his unique path in the FBA community. ### The Early Years: Starting on eBay - Frankie shares that he got his start in 2012 on eBay. - Frankie recounts how eBay served as his starting point before Amazon became the juggernaut it is today. - He believes eBay offered essential lessons in understanding marketplace dynamics. ### Frankie's Iconic First Product: The Snood - Frankie reveals he started by selling football snoods that gained popularity among Premier League players. - A spike in sales occurred when the Football Association banned the product. ### Tackling Marketplace Dynamics - Frankie discusses the challenges of maintaining a business amidst stiff competition. - He notes that these hurdles encouraged him to look for more sustainable, unique products. ### Transitioning into Compression Sportswear (early years) - Frankie shifts focus to compression sportswear, a booming category. - Shares his experience visiting the Canton Fair in China to source quality suppliers. - Talks about how he broadened his product range and brand. ### The Jump to Amazon - Frankie initially was hesitant about moving to Amazon due to its complex Flat file process. - Decided to take the leap, which coincided with Amazon becoming a dominant marketplace. ### Building a Brand - Danny questions Frankie about his journey in brand building. - Frankie admits initial resistance to Amazon but couldn't ignore its market significance. - Frankie summarises his journey and the unique aspects of his compression sportswear brand.    - *Lemon Market Concept*: A marketplace scenario where product quality is unknown until after the purchase. - *Focus on Sportswear Fabric*: Quality relies heavily on fabric and fit.    - *Customer Feedback*: Importance of involving customers in product development.    - *Pitfalls of Rapid Scaling*: Discusses how expanding too quickly nearly led him to bankruptcy.    - *Decision to Sell Business*: Explored selling the business after a near-decade in operation.    - *Brand Milestones*: Overcame cash flow issues between 2014 and 2018. #### The Exit Strategy and Beyond: - Frankie and Danny discuss exit strategy planning, valuations, and Frankie's new ventures post-exit.

Break free from the Google grind! Join our electrifying community as we light up the comments section in this groundbreaking video: https://www.youtube.com/myamazonguyDive into why we're the hottest topic around, backed by nearly 100 glowing reviews about My Amazon Guy: https://myamazonguy.com/testimonials/And if you are craving an epic weekend binge, look no further!

In this episode of the Fearless Sellers podcast, host Joie Roberts interviews Rob Stanley, the man behind the money suit and the face of Getida. Rob shares his journey as an OG in the Amazon and e-commerce selling space, starting from his early days selling on eBay in 1998. He talks about his experience with taking apart Palm Pilots and providing instructions through photos and later transitioning to video. Rob's YouTube channel gained millions of followers, driving significant sales, and supporting many families. Tune in to hear more about Rob's fascinating journey in the world of online selling. [00:01:09] Selling palm pilot parts. [00:03:15] Evolution of e-commerce platforms. [00:06:39] YouTube as a lead generation. [00:10:35] Pivoting and staying successful. [00:13:14] The Canton Fair [00:17:48] Selling a YouTube channel. [00:19:04] SEO tips for Amazon brand owners. [00:24:10] SEO and YouTube optimization. [00:26:51] YouTube and Google integration. [00:29:38] Starting a new job. [00:32:48] Breaking news on Docmaster Pro. [00:35:29] YouTube channel and content creation. Rob Stanley is a prominent figure in the YouTube and e-commerce selling space. He has built a successful YouTube channel with millions of followers and was able to sell it. At its peak, the YouTube channel was generating $100,000 in monthly sales. Rob's philosophy in this field is to encourage others to utilize the content they already have and start a YouTube channel today, without the need for expensive equipment. His achievements and credentials in this space make him a respected authority and a valuable resource for those looking to succeed in YouTube and e-commerce selling. Connect with Rob: www.Getida.com Contact Joie on Instagram: @JoieRoberts.official Interested in learning how to build your own Amazon business from the leaders in the Amazon industry? Book your free consultation with Joie and team at www.AMZInsiders.org/apply?sl=fp  

In the podcast, returning guest and a friend, Gabe Cossio shares valuable insights and details about the upcoming Canton Fair in China. He highlights the significance of attending the fair and gives a general overview of what to expect during the trip. Gabe emphasizes the incredible opportunity to connect with global suppliers and buyers, promoting business growth.   During the discussion, he shares tips on travel logistics, navigating the fair, and making the most of the experience. He also touches on cultural differences, communication strategies, and how to build meaningful relationships with suppliers. Overall, Gabe invites listeners to join him on this exciting journey and experience the Canton Fair for themselves.   In This Episode: [00:30] Introducing Gabe Cossio. [01:20] How Gabe started in this field. [03:00] How is everything in China in terms of manufacturing? [07:40] Why is Canton Fair a must visit? [10:35] What is the first thing to do if you decide to come? [13:30] What to expect? [15:20] Experience matters. [17:20] Walking. [19:00] What are the wins in this? [22:20] How to utilize the fair? [23:30] Events outside Canton Fair. [25:30] Actionable tip for this trip.   Guest Links and References: LinkedIn: https://www.linkedin.com/in/gabe-cossio-5822b4180 Instagram: https://www.instagram.com/paidbyamazon/ Telegram: https://t.me/Amazon3PNewsAndInfo   Links and References: Wizards of Amazon: https://www.wizardsofecom.com/ Wizards of Amazon Courses: https://wizardsofamazon.mykajabi.com/a/27566/x6Kwkz6p Wizards of Amazon Meetup: https://www.meetup.com/South-Florida-FBA/ Wizards of Amazon on Facebook: https://www.facebook.com/groups/WizardsofAmazon/ Wizards of Amazon on Instagram: https://www.instagram.com/wizardsofecom/  

Even with orders down from before the pandemic and manufacturing departing for nations with lower labor costs, the country's most prominent trade expo retains its appeal.Click here to read the article by Wang Jing, Qi Zhanning, Fu Wendi and Denise Jia.Narrated by Sylvia Franke.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dave talks about his recent experience traveling back to China after three years of lockdown, from airport and visa requirements, things to do for ecommerce sellers, and cultural shifts.   China, the factory of the world, has once again opened its doors to foreigners after several years of lockdowns and COVID restrictions.   Fortunately for EcomCrew listeners, Dave just came back from his first trip to China post-COVID, and he'll be sharing some of the biggest changes you want to take note of when planning your own trip down south soon.    This episode will cover things like China's current rules regarding old and new visas, practical tips for navigating customs and other travel requirements, and a few changes you might notice when in China.    Timestamps:  00:00 – Intro 01:23 – China has started honoring old visas; How to secure new visas 04:09 – Flights to China are extremely expensive 05:57 – You need an online customs declaration when entering/exiting China 08:37 – Need-to-knows about COVID tests, vaccinations, and masking 11:15 – Should you head over to China for trade shows in the Spring? 13:26 – Big changes for foreigners traveling to China over the past three years 20:04 – Odd and fun things you'll notice when heading back to China this year 22:02 – Overall attitudes towards the west and Xi Jinping 24:40 – Final thoughts on going back to China Resources mentioned:  China Customs Website Trip.com   We hope this episode helps you strategically prepare and make the most out of your upcoming trip to China. Please do leave us a review on iTunes if you enjoy this kind of content.   Happy selling, and we'll see you in the next one!

The Canton Fair Experience: Essential Tips for a Successful Trip with Kian Golzari As China opens back up and the Canton Fair finally goes live again - Sharon Even welcomes back her good friend Sourcing King Kian Golzario who is also an experienced attendee of the Canton Fair. Kian shares his insights on how to plan, prepare, and succeed at this important trade event. Sharon and Kian discuss the importance of doing research before attending the fair, including identifying the types of products and suppliers you want to focus on. Kian also shares tips for arranging travel and accommodations, as well as how to navigate the logistics of the fair itself, How to approach sampling and so much more. Kian emphasizes the importance of being organized and efficient while at the fair, and provides guidance on how to make the most of your time there. He also shares advice on networking and building relationships with suppliers, as well as negotiating effectively to get the best possible deals.  Throughout the conversation, Kian draws on his years of experience attending the Canton Fair to provide actionable tips and strategies for anyone looking to attend this year. Whether you're a first-time attendee or a seasoned veteran, this episode offers valuable insights and advice to help you plan, prepare, and succeed at the Canton Fair.

In this episode, we bring back Kian Golzari to the show to share strategies on Amazon product sourcing in China, both in-person and online. Plus travel hacks, Canton Fair tips, and more!