🌹 Roses are out, lemons are in 🍋

Presented by

STUMP BEZOS

What percentage of all e-commerce sales does Amazon account for in 2023?

[ Answer at bottom of email ]

WICKEDLY GOOD SPELLBINDING TIPS and TRICKS
  • 🏆 This week’s Dream 100 Inductee

  • 🌹 Roses are out, lemons are in 🍋

  • 💻 Two curated lists of AI seller tools

  • 💃 Welcome to the Sellerverse

  • 💵 Cash flow is king - immediate tips

SPECIAL NOTICE:  YOUR SUBSCRIPTION MAY BE CANCELLED!

Earlier this week 532 subscribers to this free newsletter had their subscriptions canceled.

That’s because they had not opened nor clicked a link at least once over the past 30 days.

If you received today’s newsletter (over 5,000 of you), you are good!

Welcome Adam Heist to the Billion Dollar Dream 100

Every Thursday I announce a new member of the Billion Dollar Dream 100. These are the people you should follow and get to know in our industry.

Adam Heist is today’s inductee into the Billion Dollar Dream 100.

In 2017 he pivoted from a. Fortune 300 company to head up operations at Goal Zero, a leading outdoor portable energy brand based in Utah. He scaled it from a low 8-figures to over $100 million in just four years.

He then went on to build and exit his own brand in June 2021.

Now he wakes up whenever he pleases and travels at will (he’s about to spend three months in Australia). In his free time he loves mountain biking and snow skiing.

His current passion is creating a new product and bike brand, called Rideo.

His YouTube channel has 22K+ subscribers and he’s also one of the hosts of the Seller Sessions podcast.

To share his learnings, Adam created FBA Blueprint, a fast track program to help newer sellers build thriving FBA businesses.

Please welcome Adam Heist to the BDS Dream 100.

💰 BILLION DOLLAR STRATEGIES
  what you need to know to make moolah

💵 CASH FLOW IS KING - 3 QUICK TIPS

Evan Swanson wishes more gurus gave sellers actual financial advice, rather than just saying “cash flow is crucial to success”

Here are 3 quick ways he improves cash flow immediately:

  1. Credit Card Due Date Optimization:

    • Standard credit cards provide a payment window of up to 55 days (30 day bill cycle + 25 days due date).

    • The AMEX Plum Card, with a $250 annual fee, offers an extended window of up to 90 days and a 1.5% early pay discount, significantly improving liquidity.

  2. Inventory Purchase via Credit Card:

    • Despite challenges with Alibaba's platform, the big benefit is being able to expense inventory with a credit card instead of making a wire transfer.

  3. PPC Billing Threshold Modification:

    • Amazon's default PPC billing is set at $500 increments.

    • Negotiate this threshold to higher amounts, such as $10,000, potentially extending payment cycles by 30 to 60 days.

Rob Cosman, an e-commerce accountant, on how to raise your PPC limit:

  1. Log-in to Amazon and go to your advertising campaign manager.

  2. Choose the question mark, and then select "support center."

  3. Select "Billing and Payments" then click "Contact us.”

  4. From the drop-down, choose: "Payments and Invoicing" and then "Payment frequency and credit ladder."

  5. Select live chat and write the following:


    "Please increase my payment ladder to $5,000"
    (or $10,000 if you prefer).

    While you are waiting for them to accept or escalate, sign-up for Rob’s Selling from the Beach newsletter.

 

🌹 YOU GOTTA SEE THIS 🍋

ART OF THE PIVOT

The saying goes, “If live gives you lemons, you should make lemonade.“

But actually, you might want to re-consider that.

The Fall of the House of Usher is currently #3 in popularity on Netflix.

What Roderick Usher, the patriarch of the Usher family, says in this short scene will resonate with all empire builders.

The video is worth 2 minutes of your life to watch.

🛠️ FEATURED TOOLS and RESOURCES
 → all the kool kids use these

💻 CURATED CHATGPT for AMAZON SELLERS TOOLS

#1 Chad Rubin of Profasee evaluated 40 different AI tools for Amazon sellers and narrowed it down to a “God Mode” of 14 favorites.

#2 Nate McCallister of Entre Resources originally published a list of tools in early 2023, and just last week updated it for ChatGPT4-V, plugins, Dall-e3 and Bing search.

Send products to Influencers and 5X revenue!

Drive traffic to your Amazon store with influencer partnerships and 5X revenue. Boost your sales with our unique approach to influencers and UGC. Carefully selected micro influencers purchase your product and get reimbursed for their expenses only if they complete a social promotion.

See how brands like Unilever and Magic Spoon have been able to 5X revenue in 2 months and decrease ad costs using Stack Influence.

🗣️ COMMUNITY SHOUT-OUTS
 → Tidbits from readers who share the newsletter

💃 SELLERVERSE → PROBLEM SOLVING COMMUNITY

Dream 100 Member Vanessa Hung’s super valuable flat file PDF explainer from the debut August 14 BDSN newsletter was clicked on by 9% of readers!

She’s back delivering more incredible value with the Sellerverse - the first Amazon problem solving community to help manage inventory, catalog, account health and brand registry issues.

Posts on social media can easily get buried in the noise and promotions, meaning people who can help you may not see the question about a problem you’re having.

Vanessa has solved that with a buzz-free zone. It’s completely free to join Sellerverse. There is a pro version that adds live webinars, resources and expert support from her team.

BDSN readers get a 30-day free trial of the Pro version.

🚀 IF YOU AREN’T BUNDLING, YOU’RE MISSING $$$

If you're not "Bundling" yet, you're leaving money on the table!

Whether you source private label, wholesale or arbitrage, creating product bundles is a powerful way to generate more sales (and profit) from your existing products.

Barbara Drazga (aka the Bundle Queen), is sharing her secrets to creating bundles for passionate niche markets.

Register for the Bundle Profits webinar happening TODAY at 1pm EST (register to catch the replay if you are seeing this too late)

🔥 MORE HOT PICKS 🔥

🥃 PARTING SHOT

“Neither your peers nor your critics pay your mortgage. Your audience and customers do that, quite independent of judgement of peers or critics. This is magical if you’ll allow it to be.”

✌🏼 See you on Monday!

P.S. Refer 2 people to unlock Monday’s VIP section - it’s a MAJOR keeper.

The answer to today’s STUMP BEZOS is
37