Could This Update From Amazon END DROPSHIPPING?! Whats Next...
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
Could This Update From Amazon END DROPSHIPPING?! Whats Next...
Table of Contents About Could This Update From Amazon END DROPSHIPPING?! Whats Next...
Could This Update From Amazon END DROPSHIPPING?! Whats Next...
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00:00:00 | 00:00:04 | so amazon recently announced that its |
00:00:02 | 00:00:06 | e-commerce sales are actually slowing |
00:00:04 | 00:00:08 | down what does that mean for us that own |
00:00:06 | 00:00:09 | e-commerce businesses and especially |
00:00:08 | 00:00:11 | those that are thinking about getting |
00:00:09 | 00:00:13 | started in e-commerce is this a terrible |
00:00:11 | 00:00:15 | time to get started since e-commerce |
00:00:13 | 00:00:16 | appears to be going down in today's |
00:00:15 | 00:00:19 | video that's exactly what we're going to |
00:00:16 | 00:00:19 | be toking about |
00:00:21 | 00:00:24 | [Applause] |
00:00:25 | 00:00:28 | now guys those of you tuning in to the |
00:00:27 | 00:00:30 | ecommerce empire builders for the very |
00:00:28 | 00:00:31 | first time let me give you a huge huge |
00:00:30 | 00:00:33 | warm welcome every single monday |
00:00:31 | 00:00:35 | wednesday friday we release new content |
00:00:33 | 00:00:37 | just like this about making money online |
00:00:35 | 00:00:38 | as well as ecommerce and drop shipping |
00:00:37 | 00:00:40 | so if you want to stay up to date on all |
00:00:38 | 00:00:42 | the latest trends head down below right |
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00:00:57 | 00:01:00 | won that giveaway but guys today we're |
00:00:58 | 00:01:02 | toking about the recent news that |
00:01:00 | 00:01:04 | amazon announced that their e-commerce |
00:01:02 | 00:01:06 | sales are actually going down and a lot |
00:01:04 | 00:01:07 | of people are worried about this i saw |
00:01:06 | 00:01:10 | this in a lot in the e-commerce empire |
00:01:07 | 00:01:12 | builders direct messages on instagram |
00:01:10 | 00:01:14 | that a lot of people are worried |
00:01:12 | 00:01:15 | especially newbies just getting into the |
00:01:14 | 00:01:17 | space being like hey should i even start |
00:01:15 | 00:01:19 | an e-commerce business right now if like |
00:01:17 | 00:01:21 | e-commerce and amazon is actually |
00:01:19 | 00:01:23 | suffering on their sales and i wanted to |
00:01:21 | 00:01:24 | flip up the camera today and tok about |
00:01:23 | 00:01:26 | it |
00:01:24 | 00:01:28 | and see exactly what all this news and |
00:01:26 | 00:01:30 | all this fuss is about and especially is |
00:01:28 | 00:01:32 | e-commerce still a good opportunity to |
00:01:30 | 00:01:33 | get involved in so first and foremost |
00:01:32 | 00:01:35 | let's look at the numbers so amazon's |
00:01:33 | 00:01:37 | online retail sales which include |
00:01:35 | 00:01:39 | store-based grocery delivery or pickup |
00:01:37 | 00:01:41 | drop from the second straight quarter so |
00:01:39 | 00:01:42 | two straight quarters in a row their |
00:01:41 | 00:01:44 | sales have dropped from |
00:01:42 | 00:01:47 | their online retail |
00:01:44 | 00:01:50 | falling 4.3 and q2 now first and |
00:01:47 | 00:01:52 | foremost what we have to understand here |
00:01:50 | 00:01:55 | is that when you know everything |
00:01:52 | 00:01:58 | happened about two years ago e-commerce |
00:01:55 | 00:02:00 | sales absolutely exploded yes a hundred |
00:01:58 | 00:02:03 | percent at the start of like that that |
00:02:00 | 00:02:07 | 2020 time around march april around that |
00:02:03 | 00:02:08 | 2020 that was an incredible time to get |
00:02:07 | 00:02:10 | into ecommerce so you can go back on |
00:02:08 | 00:02:12 | some of the videos here on the channel |
00:02:10 | 00:02:13 | and see i was telling everybody like |
00:02:12 | 00:02:15 | this is if there's ever a time to get |
00:02:13 | 00:02:16 | into ecommerce this is the time right |
00:02:15 | 00:02:18 | now because anybody could have just |
00:02:16 | 00:02:20 | thrown something online right that |
00:02:18 | 00:02:22 | people actually needed during that time |
00:02:20 | 00:02:24 | and made an absolute killing and a lot |
00:02:22 | 00:02:25 | of people made a tremendous amount of |
00:02:24 | 00:02:27 | money because everybody was just cooped |
00:02:25 | 00:02:29 | up in their house and not going anywhere |
00:02:27 | 00:02:30 | right now |
00:02:29 | 00:02:32 | with that right when things kind of |
00:02:30 | 00:02:35 | started opening back up people are going |
00:02:32 | 00:02:38 | back to you know the mall grocery stores |
00:02:35 | 00:02:39 | and things like that right of course |
00:02:38 | 00:02:41 | e-commerce sales are gonna start going |
00:02:39 | 00:02:43 | down of course people miss going to the |
00:02:41 | 00:02:46 | mall they miss going to brick and mortar |
00:02:43 | 00:02:47 | stores there's always in my opinion |
00:02:46 | 00:02:50 | always in my opinion going to be a place |
00:02:47 | 00:02:52 | for brick and mortar as well as online |
00:02:50 | 00:02:53 | e-commerce sales now here's the kicker |
00:02:52 | 00:02:56 | that a lot of people are freaking out |
00:02:53 | 00:02:58 | about this for no reason right they only |
00:02:56 | 00:03:01 | fell |
00:02:58 | 00:03:05 | by 4.3 i mean guys e-commerce sales |
00:03:01 | 00:03:08 | literally like quadrupled from uh from |
00:03:05 | 00:03:10 | 2020 to 2022 right during that time so a |
00:03:08 | 00:03:12 | hundred percent more so than ever before |
00:03:10 | 00:03:14 | right now people are still buying more |
00:03:12 | 00:03:17 | things online than absolutely ever |
00:03:14 | 00:03:18 | before and it is going to stay that way |
00:03:17 | 00:03:21 | yes we might see a little drawback |
00:03:18 | 00:03:23 | around that 10 15 maybe even 20 |
00:03:21 | 00:03:26 | pullback for certain products but for |
00:03:23 | 00:03:29 | the most part e-commerce still from that |
00:03:26 | 00:03:31 | 2020 to 2022 period it has grown to the |
00:03:29 | 00:03:33 | levels that x really like these analysts |
00:03:31 | 00:03:34 | and things didn't expect ecommerce was |
00:03:33 | 00:03:37 | going to get to that point until like |
00:03:34 | 00:03:40 | 2028 2030 right so we are still in a |
00:03:37 | 00:03:42 | fantastik place as far as e-commerce is |
00:03:40 | 00:03:44 | concerned now stay with me guys uh |
00:03:42 | 00:03:45 | because there is some other good stuff |
00:03:44 | 00:03:48 | in this artikle right now that was |
00:03:45 | 00:03:49 | released from amazon that is so critikal |
00:03:48 | 00:03:50 | to understand this exactly why i want to |
00:03:49 | 00:03:52 | share this with you so first and |
00:03:50 | 00:03:54 | foremost is ecommerce dying absolutely |
00:03:52 | 00:03:55 | not guys of course there's going to be a |
00:03:54 | 00:03:57 | little bit of a pullback right now |
00:03:55 | 00:03:59 | because uh you know people are you know |
00:03:57 | 00:04:00 | comfortable going to stores and stuff |
00:03:59 | 00:04:02 | again but the levels of e-commerce |
00:04:00 | 00:04:03 | people buying online are literally at |
00:04:02 | 00:04:06 | the highest they've ever been okay so |
00:04:03 | 00:04:07 | yes ecommerce is not dying and a hundred |
00:04:06 | 00:04:09 | percent if you're thinking about |
00:04:07 | 00:04:10 | starting e-commerce business or you're |
00:04:09 | 00:04:12 | running an e-commerce business right now |
00:04:10 | 00:04:14 | you literally don't have anything to |
00:04:12 | 00:04:16 | worry about okay here's the intro |
00:04:14 | 00:04:18 | another interesting part about this |
00:04:16 | 00:04:21 | artikle guys is amazon made up for its |
00:04:18 | 00:04:23 | e-commerce decline mainly through fees |
00:04:21 | 00:04:26 | from prime customers and marketplace |
00:04:23 | 00:04:28 | sellers subscription sales rose by 10 to |
00:04:26 | 00:04:29 | 8.7 billion seller services revenue uh |
00:04:28 | 00:04:32 | grows by nine point one percent yada |
00:04:29 | 00:04:33 | yada how big is this |
00:04:32 | 00:04:36 | one what is one of the biggest things |
00:04:33 | 00:04:39 | that i say on this channel right we want |
00:04:36 | 00:04:42 | to make sure we offer some sort of |
00:04:39 | 00:04:45 | subscription to our customers absolutely |
00:04:42 | 00:04:46 | critikal why because when times are |
00:04:45 | 00:04:48 | tough how many times have i said this |
00:04:46 | 00:04:50 | how many i mean guys i literally i wish |
00:04:48 | 00:04:52 | the editors and ali whoever's putting |
00:04:50 | 00:04:54 | the video together could go back to the |
00:04:52 | 00:04:56 | videos where i constantly say hey |
00:04:54 | 00:04:58 | subscription can save your company |
00:04:56 | 00:04:59 | subscription has been a life changer |
00:04:58 | 00:05:01 | life changer for me it's been a life |
00:04:59 | 00:05:03 | changer for so many so many of our |
00:05:01 | 00:05:04 | students inside our 10k club today we're |
00:05:03 | 00:05:05 | toking about subscription right a lot |
00:05:04 | 00:05:07 | of people that are starting at |
00:05:05 | 00:05:09 | e-commerce starting and drop shipping |
00:05:07 | 00:05:11 | they're missing out on so much extra |
00:05:09 | 00:05:12 | money in their drop shipping business it |
00:05:11 | 00:05:14 | makes me sick right one of the core |
00:05:12 | 00:05:16 | principles i teach is having recurring |
00:05:14 | 00:05:18 | revenue in your business specifically |
00:05:16 | 00:05:20 | some sort of subscription that people |
00:05:18 | 00:05:23 | can sign up to you can also do access to |
00:05:20 | 00:05:24 | a members area only i like to mix in |
00:05:23 | 00:05:26 | both digital content with physical stuff |
00:05:24 | 00:05:28 | because people like subscription boxes |
00:05:26 | 00:05:30 | because it feels like christmas every |
00:05:28 | 00:05:32 | single month right having subscription |
00:05:30 | 00:05:33 | box having some sort of monthly |
00:05:32 | 00:05:35 | recurring revenue in your business can |
00:05:33 | 00:05:38 | make your or break your business |
00:05:35 | 00:05:39 | especially because in business we all |
00:05:38 | 00:05:41 | know this it's ups and downs ups and |
00:05:39 | 00:05:43 | downs ups and downs right but guess what |
00:05:41 | 00:05:45 | on those down months so your month's |
00:05:43 | 00:05:47 | really really shitty right guess what |
00:05:45 | 00:05:49 | that subscription revenue from let's say |
00:05:47 | 00:05:51 | 100 200 300 monthly subscribers to your |
00:05:49 | 00:05:54 | digital products your physical products |
00:05:51 | 00:05:56 | whatever right can literally save you |
00:05:54 | 00:05:58 | and that's exactly what amazon did it |
00:05:56 | 00:06:00 | made up for its all e-commerce decline |
00:05:58 | 00:06:01 | mainly through those prime customers |
00:06:00 | 00:06:03 | right if you don't know what prime is i |
00:06:01 | 00:06:05 | think it's like 150 bucks a year or |
00:06:03 | 00:06:07 | whatever it is per year and you get like |
00:06:05 | 00:06:09 | for expedited shipping like come on now |
00:06:07 | 00:06:10 | and you get like prime some prime music |
00:06:09 | 00:06:13 | i think and some movies and things like |
00:06:10 | 00:06:16 | that right like how like guys like that |
00:06:13 | 00:06:18 | is why like the giants are doing this |
00:06:16 | 00:06:20 | why aren't you i still tok to so many |
00:06:18 | 00:06:21 | people that have an e-commerce business |
00:06:20 | 00:06:23 | that literally don't have subscription |
00:06:21 | 00:06:25 | in it why right you are literally just |
00:06:23 | 00:06:27 | continuing to fight for new customers |
00:06:25 | 00:06:28 | over and over and over again and like |
00:06:27 | 00:06:30 | you're just doing what everybody else is |
00:06:28 | 00:06:31 | doing and you're if one bet you're one |
00:06:30 | 00:06:33 | bad month away from being out of |
00:06:31 | 00:06:34 | business so i strongly suggest if you |
00:06:33 | 00:06:37 | don't have some sort of subscription |
00:06:34 | 00:06:38 | aspect in your business add it in my |
00:06:37 | 00:06:40 | recommendation |
00:06:38 | 00:06:41 | you ogs know this i always recommend |
00:06:40 | 00:06:44 | paying yourself from your subscription |
00:06:41 | 00:06:45 | you should have about a 50 margin at the |
00:06:44 | 00:06:47 | very least if you're doing physical |
00:06:45 | 00:06:50 | products if you're doing like a mixture |
00:06:47 | 00:06:52 | of physical digital 50 still good 50 |
00:06:50 | 00:06:54 | margin on your uh |
00:06:52 | 00:06:55 | on your subscription allows you to pay |
00:06:54 | 00:06:57 | yourself from your business and that's |
00:06:55 | 00:06:59 | what i recommend pay yourself from what |
00:06:57 | 00:07:00 | your subscription revenue is all the |
00:06:59 | 00:07:02 | other sales that come into your company |
00:07:00 | 00:07:04 | literally just reinvest it back into |
00:07:02 | 00:07:06 | your team into your company right |
00:07:04 | 00:07:08 | continue to grow in advertising right |
00:07:06 | 00:07:10 | that's that's like i mean like when i |
00:07:08 | 00:07:11 | read this i knew this was such a |
00:07:10 | 00:07:14 | powerful thing and i know it's gonna go |
00:07:11 | 00:07:16 | over a lot of people now next thing |
00:07:14 | 00:07:18 | is marketplace sellers uh so if you |
00:07:16 | 00:07:20 | don't know this if you're like sell on |
00:07:18 | 00:07:22 | amazon fba um you know whatever you know |
00:07:20 | 00:07:23 | let's say you have your product i do |
00:07:22 | 00:07:26 | recommend putting your products on |
00:07:23 | 00:07:27 | amazon it's always a great place uh to |
00:07:26 | 00:07:29 | make some extra customers i don't |
00:07:27 | 00:07:32 | recommend solely getting all your sales |
00:07:29 | 00:07:34 | from amazon uh for example with our book |
00:07:32 | 00:07:36 | e-commerce empire shameless plug it's |
00:07:34 | 00:07:37 | right over there it's been a best seller |
00:07:36 | 00:07:39 | on amazon literally since we launched |
00:07:37 | 00:07:41 | which is absolutely amazing i appreciate |
00:07:39 | 00:07:42 | all the support guys uh literally it |
00:07:41 | 00:07:46 | took us three years about to write that |
00:07:42 | 00:07:48 | book um but i said i'm most of the money |
00:07:46 | 00:07:50 | that i make from selling this book is |
00:07:48 | 00:07:52 | from my own websites right but i also |
00:07:50 | 00:07:53 | have this book on amazon as well so |
00:07:52 | 00:07:54 | additional customers so you might have |
00:07:53 | 00:07:56 | been somebody that purchased it on |
00:07:54 | 00:07:57 | amazon like it doesn't really matter to |
00:07:56 | 00:07:58 | me of course i'd rather you purchase it |
00:07:57 | 00:08:00 | off our website because you get a bunch |
00:07:58 | 00:08:02 | of bonuses and things like that but it's |
00:08:00 | 00:08:04 | the same concept right it's the same |
00:08:02 | 00:08:06 | concept for any sort of products those |
00:08:04 | 00:08:07 | amazon customers are just nice to have |
00:08:06 | 00:08:08 | and that's where they make some good |
00:08:07 | 00:08:10 | fees |
00:08:08 | 00:08:11 | i mean they make it i think man last |
00:08:10 | 00:08:14 | time i checked |
00:08:11 | 00:08:16 | like total all-in pick pack all that |
00:08:14 | 00:08:18 | stuff i think it's from like 20 30 |
00:08:16 | 00:08:19 | correct me if i'm wrong but the fees |
00:08:18 | 00:08:21 | were just exorbitant i remember when i |
00:08:19 | 00:08:23 | lost my business at the time that was a |
00:08:21 | 00:08:24 | big thing that we were struggling with |
00:08:23 | 00:08:26 | is because like you can't keep up right |
00:08:24 | 00:08:29 | like you can't keep up with the rising |
00:08:26 | 00:08:32 | storage pick pack fees uh seller fees |
00:08:29 | 00:08:33 | all those things that they layer on that |
00:08:32 | 00:08:35 | really hurt amazon sellers but again |
00:08:33 | 00:08:36 | it's a good place to just make some |
00:08:35 | 00:08:39 | additional customers so |
00:08:36 | 00:08:41 | guys all in all to recap this video 100 |
00:08:39 | 00:08:42 | ecommerce is not going anywhere of |
00:08:41 | 00:08:45 | course we're getting a little bit of a |
00:08:42 | 00:08:47 | pullback number one also have some sort |
00:08:45 | 00:08:49 | of subscription in your business it |
00:08:47 | 00:08:50 | could save you from bad amounts also |
00:08:49 | 00:08:51 | allows you to be way more profitable in |
00:08:50 | 00:08:54 | your business and you have some |
00:08:51 | 00:08:56 | sustainability by the way one of our uh |
00:08:54 | 00:08:58 | students a while back he actually sold |
00:08:56 | 00:08:59 | his company for 50 grand and one of the |
00:08:58 | 00:09:02 | key drivers that he was absolutely |
00:08:59 | 00:09:04 | actually able to sell it was because he |
00:09:02 | 00:09:06 | had subscription in it investors want to |
00:09:04 | 00:09:08 | see reoccurring revenue in your company |
00:09:06 | 00:09:11 | they don't want to purchase some uh some |
00:09:08 | 00:09:13 | drop shipping store that has no |
00:09:11 | 00:09:14 | predictability at all and that's one of |
00:09:13 | 00:09:16 | the things that we've been doing |
00:09:14 | 00:09:18 | especially you know one of the things |
00:09:16 | 00:09:21 | that i've notiked with ontap focus our |
00:09:18 | 00:09:24 | supplement is it was so tied to my uh my |
00:09:21 | 00:09:25 | face my brand that it becomes as hard as |
00:09:24 | 00:09:26 | you know it's a little bit tougher to |
00:09:25 | 00:09:28 | sell something like that you know when i |
00:09:26 | 00:09:30 | saw my fishing business i wasn't really |
00:09:28 | 00:09:32 | the face of it at all so one of the |
00:09:30 | 00:09:34 | things that we're kind of pivoting to |
00:09:32 | 00:09:35 | our business and our team and you guys |
00:09:34 | 00:09:36 | are going to be seeing it documented |
00:09:35 | 00:09:38 | here more heavily on the channel is |
00:09:36 | 00:09:41 | either building up these drop shipping |
00:09:38 | 00:09:43 | stores from scratch right staffing them |
00:09:41 | 00:09:45 | to the point that they're automated and |
00:09:43 | 00:09:47 | then selling them and then also |
00:09:45 | 00:09:49 | purchasing existing drop shipping stores |
00:09:47 | 00:09:51 | putting them through all the systems and |
00:09:49 | 00:09:52 | stuff that that we teach and then resell |
00:09:51 | 00:09:54 | them on the other end that's really the |
00:09:52 | 00:09:55 | next level of where ecommerce empire |
00:09:54 | 00:09:57 | builders is going so make sure if you |
00:09:55 | 00:09:58 | want to stay tuned for content like that |
00:09:57 | 00:10:00 | head down below right now hit that like |
00:09:58 | 00:10:02 | button that subscribe button and |
00:10:00 | 00:10:04 | that notification bell and also check |
00:10:02 | 00:10:05 | out all the resources that we offer here |
00:10:04 | 00:10:07 | completely for free at the ecommerce |
00:10:05 | 00:10:08 | empire builders we'll leave all those |
00:10:07 | 00:10:10 | links down below in the description of |
00:10:08 | 00:10:12 | today's video but guys have a fantastik |
00:10:10 | 00:10:16 | rest of your day and remember your |
00:10:12 | 00:10:16 | empire starts now |
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