Speaker:

Welcome to the e-commerce podcast with me, your host, Matt Edmundson.

Speaker:

The e-commerce podcast is all about helping you deliver e-commerce.

Speaker:

Wow.

Speaker:

Now I am stoked, properly stoked with today's guest, who is Tim

Speaker:

Jordan from Private Label Legion.

Speaker:

And we're going to chat about how to choose a winning product idea

Speaker:

every single time.

Speaker:

And you know what, there is some serious out of the box thinking

Speaker:

going on here in this conversation.

Speaker:

But before we get into it, let me give a quick shout out to some

Speaker:

of our past guests and episodes.

Speaker:

And given that we are talking about how to, you know, find these winning products,

Speaker:

uh, I thought it would be great to mention our first podcast, which was called how

Speaker:

to sell personalized products through drop shipping with Brian O'Donnell.

Speaker:

Now this guy was an absolute legend talking about.

Speaker:

Maps and all kinds of things that work super, super well.

Speaker:

Again, out of the box thinking personalized products podcast, number two

Speaker:

to check out, uh, was a great conversation with Maureen Mwangi, uh, from startup

Speaker:

to growth is the title of that podcast.

Speaker:

And Maureen, if you've been following her on Instagram recently got married.

Speaker:

So a huge congratulations to Maureen and I hope the early months of

Speaker:

marriage have been fantastic for you.

Speaker:

This episode is brought to you by the e-commerce cohort, which helps you to

Speaker:

deliver e-commerce wow to your customers.

Speaker:

Now I'm sure you've come across a bunch of folks stuck with their

Speaker:

e-commerce business, or maybe even siloed and just to, you know, work

Speaker:

in one or two areas and forgetting the whole big picture of e-commerce.

Speaker:

It's what I did.

Speaker:

And it nearly cost.

Speaker:

Everything.

Speaker:

Uh, and I wish I had the e-commerce cohort around at this point because

Speaker:

it solves this particular problem.

Speaker:

Uh, the e-commerce cohort is a lightweight membership group with

Speaker:

guided monthly sprints and cycle through all the key areas of e-commerce.

Speaker:

The sole purpose of the cohort is to give you, uh, my e-commercer a friend,

Speaker:

uh, clear, actionable jobs to be done

Speaker:

so you know what to work, when to work on it and get the

Speaker:

support you need to get it done.

Speaker:

So whether you're just starting out, whether you're just launching a new

Speaker:

business, if you are, by the way, do check out e-commerce cohort because

Speaker:

they've got a very special startup sprint does for you when you join.

Speaker:

And if like me, you've been around for a while.

Speaker:

And we just jump straight in, just jump straight in with the main cohort and

Speaker:

enjoy it and enjoy what comes out of it.

Speaker:

Uh, if you want to know more about it, check it out at e-commerce cohort.com.

Speaker:

It's gearing up for its founding member launch.

Speaker:

It is almost there.

Speaker:

You can taste it.

Speaker:

Uh, so do check it out.

Speaker:

Take advantage of the very special offers.

Speaker:

And of course, if you've got any questions about, cohort just email me

Speaker:

directly at Matt@ecommercepodcast.net.

Speaker:

I'd love to answer any questions that you have because let me.

Speaker:

I'm super proud of the e-commerce cohort.

Speaker:

All of that said, grab your notebooks, grab your pens, grab your cup of coffee,

Speaker:

because you're not going to want to miss this conversation with Tim Jordan.

Speaker:

Well, I am here with Tim Jordan, who is a serial entrepreneur and e-commerce expert.

Speaker:

He has developed multiple online brands as well as having helped

Speaker:

hundreds and hundreds of other sellers through training and coaching.

Speaker:

In other words, A good guy to have on the show.

Speaker:

Yes, he is.

Speaker:

He is also the host of the popular am PM podcast, which I've been on.

Speaker:

And you should definitely check it out.

Speaker:

Not because I've been on it, but because besides me, it is a really good podcast.

Speaker:

Uh, Tim also works as an executive strategist.

Speaker:

That's not easy to say an executive strategist, uh, for many service-based

Speaker:

companies in the e-commerce industry.

Speaker:

Um, he is an outside of the box thinker, specializing in subjects, such as

Speaker:

product research, brand development and all that sort of good stuff.

Speaker:

So I thought it'd be great to get Tim on the show to talk about this

Speaker:

whole stuff to do with products and finding good products.

Speaker:

Tim, thank you for joining us.

Speaker:

Great to have you bud, how are we doing?

Speaker:

I'm good, but I feel like that intro was too generous.

Speaker:

Yeah.

Speaker:

Well, you know, it's always good to big up your guests, right?

Speaker:

So the expectations.

Speaker:

I should be a guest more often.

Speaker:

Yeah.

Speaker:

Way to feel good about yourself just come on the podcast and listen to the intro.

Speaker:

I always feel whenever I go on other people's shows, I'm always the same way.

Speaker:

I'm like, that's a really nice thing for you to say and thank you.

Speaker:

And I'm just feeling pretty good now about my life.

Speaker:

So I appreciate that.

Speaker:

Hey, listen.

Speaker:

How was Paris?

Speaker:

Paris was good, but it was exhausting.

Speaker:

I was there in Paris at a private castle for a, um, a very high level e-commerce

Speaker:

mastermind, but it was one of, I think, four stops on one big road trip.

Speaker:

So I was in Missouri then,

Speaker:

then London.

Speaker:

Then I spent about a week in New York city before I came home.

Speaker:

So it's all a giant blur.

Speaker:

I will say Paris was the best location that I was at in the entire road trip.

Speaker:

Um, it it's really hard to beat a private castle in Normandy.

Speaker:

And what were you doing in a private castle?

Speaker:

I mean, I saw the photos on Instagram, so I was following along, but, um, yeah.

Speaker:

Yeah.

Speaker:

So, you know, high level masterminds happen all the time and in any industry

Speaker:

and in the Amazon space, there's almost this game of one-upmanship between these

Speaker:

mastermind coordinators, where they of course bring in great speakers and they

Speaker:

bring in really high level content.

Speaker:

But the venue right now is what everybody wants out of private

Speaker:

castle and rented this whole castle.

Speaker:

That was the construction started in like 900 year, 900 was very, very old.

Speaker:

Um, at the same castle, it was the private hunting lodge.

Speaker:

Of Henry the eighth and Louis the seventh and all of these historical Kings,

Speaker:

this was their private hunting castle.

Speaker:

So it was pretty neat.

Speaker:

Wow.

Speaker:

So you had a big time is what you're saying?

Speaker:

Yeah, we had a good time.

Speaker:

Oh, good man.

Speaker:

Good, good.

Speaker:

So how did you, uh, I mean pre French Chateau, uh, you know, um,

Speaker:

how did she get started in the whole e-commerce aspect of things?

Speaker:

I mean, what, w what was the starting point to get you to the French castle?

Speaker:

Well, it was completely by accident.

Speaker:

I was a full-time firefighter

Speaker:

for two years and was consistently looking for side hustle, some side

Speaker:

income, because we would work 24 hours and then we would be off for 48 hours.

Speaker:

So we essentially worked two days a week and I eventually got into government

Speaker:

procurement for the US state department.

Speaker:

So all supplying products to the U S government and learning how to source

Speaker:

products, learning how to ship products.

Speaker:

And we were shipping stuff all over the world.

Speaker:

And eventually I realized I had some incredible pricing on wholesale products.

Speaker:

And I thought, well, these things that sell for $30 on

Speaker:

Amazon, I can buy them for $3.

Speaker:

Oh, wow.

Speaker:

But I didn't even know you could sell on Amazon.

Speaker:

So I put a Craigslist ad.

Speaker:

I don't know, in the UK, if you know what Craigslist is terrible.

Speaker:

Put a Craigslist ad out for someone to teach me how to sell on eBay.

Speaker:

And some guy walked in the office as a response to my ad and he said, well,

Speaker:

you need to learn how to sell on Amazon.

Speaker:

And he started teaching me and, and, uh, things went really, really fast, but.

Speaker:

I also realized that I was kind of sitting on a one legged stool, so to speak because

Speaker:

I was selling these wholesale products for a couple of years, doing tremendous

Speaker:

numbers and really good profit margin.

Speaker:

But at any time my supply chain could have shut down.

Speaker:

So I started walking down this path of now that understand how.

Speaker:

A little bit of how to sell.

Speaker:

I had a lot to learn and I understood that there was a willing

Speaker:

audience that was ready to come to these platforms and buy things.

Speaker:

I want to figure out how to put my own products, my own brands on them.

Speaker:

And, um, things just went from there.

Speaker:

So I ended up owning a sourcing and shipping company.

Speaker:

I've done some huge collaborative content with other people.

Speaker:

I've gotten to go to basically every conference.

Speaker:

It seems like there is out there and listen to all these great speakers.

Speaker:

I've made a lot of mistakes myself with brands.

Speaker:

I've had a few successes, but because I had a shipping and sourcing company and a

Speaker:

3PL company, I saw a lot of products come across my dock and I would notice what

Speaker:

was moving fast and what wasn't and the things that seem to be the hottest sellers

Speaker:

on Amazon were actually the things that I would end up liquidating for my clients.

Speaker:

They wouldn't move.

Speaker:

So I started to pick up this.

Speaker:

Almost like a fallacy, which is that the hottest selling items on Amazon

Speaker:

are what people want to be selling.

Speaker:

And I started venturing into this world of well, how do I find the

Speaker:

fidget spinner before everybody else finds the fidget spinner?

Speaker:

I'm I the first one to launch this now saturated products.

Speaker:

And it, it took me a while.

Speaker:

You know, I spent a lot of time walking through markets like Yiwu and

Speaker:

Canton Fair in China and comparing the difference between what was hot there

Speaker:

versus what wasn't even on Amazon.

Speaker:

And then figuring out that the hot sellers on Amazon weren't necessarily what I

Speaker:

needed to sell, but the things that people were looking for on Amazon and weren't

Speaker:

there, are the things I want to sell.

Speaker:

So I started learning to, instead of looking up sales volume of

Speaker:

existing products, start looking at search volume for keywords.

Speaker:

And then I came to this realization that we don't sell products on a marketplace.

Speaker:

We sell keywords on a marketplace and things just kind of spiraled from there.

Speaker:

So like you said, in the beginning, I am an outside of the box thinker.

Speaker:

Um, but it usually comes after a lot of mistakes.

Speaker:

I'm pretty stubborn.

Speaker:

I had to do a lot of things the wrong way, and then started figuring

Speaker:

out, Hey, there's a different way of doing things and that.

Speaker:

Kind of started to move me in a direction of being somewhat of

Speaker:

a thought leader on this topic.

Speaker:

Hmm.

Speaker:

That's really interesting.

Speaker:

I totally vibe with the whole stubborn thing and you know, you've got to

Speaker:

make the mistakes to figure it out.

Speaker:

Uh, yes.

Speaker:

Uh, I that's me right there.

Speaker:

Um, And it's interesting because I mean just going right back to, I've not been

Speaker:

a firefighter, but I have, I have done my fair share of time on an ambulance,

Speaker:

uh, and you know, helping to deal with sick people, um, which is, which is

Speaker:

always, always just fond memories for me.

Speaker:

Um, but what, what fascinates me in that is you, you, in your journey is you

Speaker:

talked about how there's this fallacy that what's hot on Amazon is what people

Speaker:

actually want to buy outside of Amazon.

Speaker:

Um, and obviously you quickly realize that it's not, did I understand, right.

Speaker:

That you said that you had clients, um, with container loads of product, that they

Speaker:

were liquidating, but they were some of the best sellers on Amazon at the time.

Speaker:

Well, yes, but maybe the, maybe the point that I miscommunicated was that the

Speaker:

reason they were having to be liquidated is because they weren't selling.

Speaker:

Right.

Speaker:

So the fallacy was.

Speaker:

And it was a lot of training that led people down this route, but go

Speaker:

to Amazon, figure out what everybody else is selling really well.

Speaker:

Try to tweak your listing a tiny bit to out-compete them and

Speaker:

you should sell it well, too.

Speaker:

Yeah.

Speaker:

Well, the problem is all these products become saturated.

Speaker:

And I think that the reason people do that is because we're human, right.

Speaker:

We are just humans and we are scared to jump into something that's unknown.

Speaker:

So the analogy I've used before.

Speaker:

Right.

Speaker:

If I walk up to the edge of a cliff and there's water at the bottom of

Speaker:

the cliff, and it's a hundred feet high, and this cliff is long, right?

Speaker:

Let's say half a mile, long cliff down to the water and everybody is jumping

Speaker:

off of one spot and you watch them jump off and they land and they come to

Speaker:

the top and they're happy and they're laughing and they climb back up and they

Speaker:

do it again out of that half a mile long cliff, if everybody's jumping in one

Speaker:

spot, what spot do you want to jump out?

Speaker:

If you want to jump in that same spot cause you know, You don't know if

Speaker:

there's rocks at the bottom, you don't know if there's dangers at the bottom,

Speaker:

you, you don't have any idea what the conditions are in those other places.

Speaker:

So we jump off the same part of the cliff as everyone else, because it seems safe.

Speaker:

And we do that.

Speaker:

Or for a long time, we've done that with a lot of different businesses, even

Speaker:

like, like you could branch this into any type of businesses, but specifically

Speaker:

in picking the product that you're going to sell, we look at what's safe.

Speaker:

So if everybody's selling weighted Hoola hoops?

Speaker:

Okay.

Speaker:

There's a lot of demand.

Speaker:

It's obvious that a lot of people are selling these.

Speaker:

I should sell these too a lot of people are selling, you

Speaker:

know, whatever the product is.

Speaker:

It seems safer because there's already social proof, right?

Speaker:

People are proving that it works.

Speaker:

And now what you don't see, there's 800,000 people trying

Speaker:

to sell that same product.

Speaker:

And you're looking at the top 20.

Speaker:

So what I started thinking was instead of just randomly going and jumping

Speaker:

off another piece of the cliff and having that to myself, What if there

Speaker:

is a way to test the waters, right?

Speaker:

What if there is a way to figure out that the water at the bottom of this

Speaker:

other section was, uh, the section the cliff was safe and then you could jump

Speaker:

off of it with relatively low worry.

Speaker:

And the things that we do to find those products that are relatively safe, even

Speaker:

if there's not a lot of social proof that it is, are things like checking demand.

Speaker:

So there's demand for this specific product.

Speaker:

It's not on there.

Speaker:

That's good indicator.

Speaker:

This is great.

Speaker:

Find what's trending off of Amazon, find products that are blowing up all over

Speaker:

social media are all over Google or all over Pinterest and take those ideas that

Speaker:

are, that are very popular in those areas.

Speaker:

And then confirm that there is demand for them on Amazon, through keyword search

Speaker:

volume, but very little to no competition.

Speaker:

So, yeah, there might not be a lot of sales history proving that this

Speaker:

product will sell well, but we use other evidence to prove that people want it.

Speaker:

And if I get it up there, it should be good.

Speaker:

And it's tough because maybe, maybe you find a product that's very popular

Speaker:

on social media and there's one seller on Amazon, but it's not selling well.

Speaker:

Well, don't just assume that yours wouldn't sell.

Speaker:

Look at it.

Speaker:

Is it priced too high?

Speaker:

Is it a crappy listing?

Speaker:

Are they consistently out of stock?

Speaker:

Are they running PPC?

Speaker:

And a lot of times what I find is that this one product

Speaker:

that's selling marginally well.

Speaker:

Three times the price that it should be.

Speaker:

They're out of stock 80% of the time.

Speaker:

Uh, they've got one listing image.

Speaker:

They're not running PPC nothing.

Speaker:

And that's actually a good thing because people will then look at that

Speaker:

and say, oh, it must be a crappy seller because this person's done it wrong.

Speaker:

And the way I look at it is if they're doing it wrong, I can do it right.

Speaker:

But I've all this other evidence to support that people want this product.

Speaker:

If it's a good price, if it's a good listing, if it's a good

Speaker:

quality and if I can keep it in.

Speaker:

So the product you mentioned a minute ago was fidget spinners, which again,

Speaker:

made me smile because it wasn't that long ago someone came to me and said, Matt,

Speaker:

I've got a container of fidget spinners.

Speaker:

How am I going to offload these?

Speaker:

I'm like, I don't know.

Speaker:

I just don't know.

Speaker:

Yeah.

Speaker:

You're not going to sell them.

Speaker:

That's for dang.

Speaker:

Sure.

Speaker:

Uh, you call that way, way too late, right?

Speaker:

So I, I, I get what I'm I get what that looks like.

Speaker:

This was a product that was in high demand and very quickly, there were

Speaker:

800,000 sellers all trying to sell the same product for the same price,

Speaker:

the same methodology on Amazon or on their websites or wherever they were.

Speaker:

And it became super competitive.

Speaker:

And so, um, to use your cliff analogy, it's like, If there's 20,000 people

Speaker:

waiting to jump in that one spot, you're going to jump once every now and again,

Speaker:

aren't you, you're not going to get your safe, but you got to wait in line.

Speaker:

Yeah, exactly.

Speaker:

And so the volume is going to be like.

Speaker:

So have you, do you have an example of a product that, um, that you've

Speaker:

worked with that, you know, the fidget spinner before it sort of took off?

Speaker:

How did you, how did you find that I'll even talk about the fidget spinner?

Speaker:

The first time I saw one of those fidget spinners was not on Amazon.

Speaker:

It wasn't when my kid brought one home from school, it was in Yiwu, China.

Speaker:

So I used to go around this market.

Speaker:

It's an amazing place, when China opens back up.

Speaker:

I can't wait to go back, but as I'm walking through this market

Speaker:

Yiwu, China, all of the vendors were playing with these things.

Speaker:

They had them, they're spinning them in their hand.

Speaker:

They were telling me, this is a hot seller.

Speaker:

People want these, you should buy these.

Speaker:

And they're giving me samples and I'm even walking around the

Speaker:

market, playing with these things.

Speaker:

I can't stop.

Speaker:

So I went back to my hotel and I checked jungle scout, right at the time I was

Speaker:

using, like, I call it the quote unquote jungle scout method of selling, meaning

Speaker:

I would look at existing sales volume.

Speaker:

So I went to Amazon and I figured out this thing was called a fidget spinner.

Speaker:

And like I found one listing in that one listing had poor sales.

Speaker:

It was a crappy listing process.

Speaker:

So in my mind, I'm thinking, well, everybody here says it's

Speaker:

a hot item, but they're wrong because on Amazon, it's not a.

Speaker:

There's one crappy seller and he barely sells any.

Speaker:

If I could go back to that time and know what to look for, then what I know to

Speaker:

look for now, which is search volume.

Speaker:

What I probably would have found is that 60 or 70,000 people a month

Speaker:

or searching for that product.

Speaker:

But the only reason there was one seller.

Speaker:

Everybody else was out of stock or nobody knew there was a demand or that crappy

Speaker:

seller wasn't keeping them stocked,

Speaker:

I didn't know what they were doing.

Speaker:

And I could have realized that I was in that golden hour

Speaker:

where everybody wanted it.

Speaker:

Nobody could get it, but nobody realized people wanted it.

Speaker:

Right.

Speaker:

And yes, it became a saturated product.

Speaker:

I wouldn't have sold it forever, but what if I could have been

Speaker:

one of the first on Amazon?

Speaker:

All I had to do was keep my position for the first year in

Speaker:

organic sales and I'd own Fiji.

Speaker:

Um, so that's when I started realizing like this quote unquote jungle scout

Speaker:

method, not just picking on jungle scout, but, but they used to teach, you

Speaker:

know, when that came out, they said, the way you sell on Amazon a product

Speaker:

is you go and see whatever else is selling well, and you replicate it.

Speaker:

Like that was the jungle scout methods still is really.

Speaker:

And I just think that's a problem.

Speaker:

So then I took that kind of.

Speaker:

Idea of the fallacy of the fidget spinner.

Speaker:

And I started trying to figure out how else can I find this early, my next, my

Speaker:

next one that I found in Yiwu that was actually a success was I started just

Speaker:

walking around these markets Canton Fair Yiwu and just documenting products.

Speaker:

They might not be products.

Speaker:

I knew anything about.

Speaker:

They might not have been something I'd ever seen before.

Speaker:

They might not be something that were even in a niche that I was selling.

Speaker:

I was just filling up a catalog.

Speaker:

In fact, I don't think you've seen that video, but I think I have.

Speaker:

One of my catalog.

Speaker:

So I used to take people to China all the time in groups.

Speaker:

I'll pull this thing out in years.

Speaker:

And what I would do is I would give everybody a notebook like this.

Speaker:

And this notebook was literally just to document products.

Speaker:

So I put a sticker in it.

Speaker:

That was a cheat sheet, how to avoid things, what to avoid.

Speaker:

And in this notebook, I would walk into vendors con I really haven't picked

Speaker:

this notebook up in like five years.

Speaker:

I would walk into these.

Speaker:

And I would write down the different items that they had and I would

Speaker:

put their business card on it.

Speaker:

So this is just ideas.

Speaker:

So rustic ladders, rough pricing.

Speaker:

Um, I put their business card, Chinese Chestnut sticks and rustic.

Speaker:

That doesn't really mean anything, but I could do that really, really fast.

Speaker:

And then what I'll do is I'll fill these notebooks up with 500 product

Speaker:

ideas, and then I would go back, sit on my computer, attach keywords to

Speaker:

the product ideas and see if there's keyword demand that item rustic ladder.

Speaker:

That's not the item I was going to mention, but that was one

Speaker:

of my best sellers on Amazon.

Speaker:

I would sell these rustic blanket ladders that were like six feet long.

Speaker:

Everybody said don't sell oversize items.

Speaker:

They were massive.

Speaker:

I was like the only guy on Amazon for like two years selling these things.

Speaker:

And there were a massive.

Speaker:

So I got the product idea just by looking at something going, this is interesting.

Speaker:

What is it?

Speaker:

Let's find a keyword that attaches to it.

Speaker:

See if there's keyword demand.

Speaker:

And I sold a mountain of those things.

Speaker:

Um, there was another product that I did well on which I was just walking to the

Speaker:

hardware section, just picking stuff up.

Speaker:

And my rule is if I pick it up and look at it a document, it, I don't know

Speaker:

what it is, but if I picked it up, it must've caught my eye and I picked up.

Speaker:

These D these huge D-ring shackles.

Speaker:

Okay.

Speaker:

There were stainless steel.

Speaker:

It's like a, it looks like a D and it's got a pin that goes through and

Speaker:

screws in, and it's like, used for like lifting things or for like truckers.

Speaker:

And I thought, this is cool.

Speaker:

I'm playing with it's nice stainless steel.

Speaker:

It's like a dollar.

Speaker:

So I throw that in my notebook.

Speaker:

And when I was going through and looking for different ways to use those

Speaker:

things in keywords, I didn't even see it on Amazon, but I saw that off of

Speaker:

Amazon, those things were a big item on Pinterest in the front bumpers of Jeeps.

Speaker:

So everybody that has a Jeep Wrangler has two little tow hooks and they

Speaker:

were taking those D-rings and just hanging in there cause they look cool.

Speaker:

So what they're doing is going to a hardware store and buying these things.

Speaker:

And I thought, well, this is weird.

Speaker:

So I track this for like two or three weeks.

Speaker:

And when I would type like stainless steel D-ring on

Speaker:

Pinterest, it was pictures of Jeeps.

Speaker:

I would type it on YouTube.

Speaker:

Videos of people putting them on Jeeps.

Speaker:

But I went to Amazon.

Speaker:

It had nothing to do with Jeeps.

Speaker:

It was just stainless steel D-rings for hardware use.

Speaker:

So I literally bought half a container of these things,

Speaker:

which by the way, is very heavy.

Speaker:

Didn't realize that that didn't have big enough to lift these pallets out container

Speaker:

rental forklift that day brought them in.

Speaker:

And I literally just changed the listing out for Jeep Wrangler bumper.

Speaker:

And then I did like different colored versions.

Speaker:

So like a bright red one, or a bright white one to match the color paint scheme.

Speaker:

I probably sold 40,000 of those stupid D-rings and I never would have

Speaker:

even known that was a use for them.

Speaker:

Unless I had found the product, picked it up and said, what is this?

Speaker:

And then went and found what was trending off of Amazon.

Speaker:

And then it was the first to launch it on Amazon under that purpose.

Speaker:

Yeah.

Speaker:

That's really fascinating.

Speaker:

So there, I guess I you've kind of preempted one of my questions here,

Speaker:

because it was, I was curious to know where you got your inspiration for

Speaker:

products from, because you mentioned a couple of times the markets in

Speaker:

China, and I was curious to know.

Speaker:

Outside of that.

Speaker:

Where could people go to get inspiration, but then you

Speaker:

talked about the hardware store.

Speaker:

So in reality, there's inspiration everywhere.

Speaker:

Is that fair?

Speaker:

Yeah.

Speaker:

So there's online and offline places.

Speaker:

I love offline places because I like getting around picking stuff up, um, you

Speaker:

know, seeing what other people are doing.

Speaker:

So for offline, I love the trade shows in China.

Speaker:

So Yiwu and Canton Fair, I'm going back to India.

Speaker:

This October.

Speaker:

On a sourcing trip where we're going.

Speaker:

I went there in 2019 to like the home and handicraft show.

Speaker:

It's the biggest in the world in Delhi, India, like thousands of thousands

Speaker:

of vendors of some of the nicest home decor and like, like handicraft products

Speaker:

you've ever seen and I'll walk around.

Speaker:

And last time I was there, I literally found products.

Speaker:

I'd never seen, didn't know what they were.

Speaker:

I had to like use Google to figure out the keywords and realize these were in demand.

Speaker:

And there was no none on Amazon and the U S I love going to trade shows like.

Speaker:

Which is in Vegas, or I love going to the toy fairs or I love going to the,

Speaker:

um, like the home show in Atlanta.

Speaker:

Now, when I go into these trade shows, I don't have the same typical

Speaker:

method that people typically do for trade shows, which is walk in and

Speaker:

try to buy wholesale and resell it.

Speaker:

No, I'm just looking for inspiration for product ideas.

Speaker:

Okay.

Speaker:

Because the people in those trade shows that have brands

Speaker:

they're doing the research.

Speaker:

I don't need to research, you know, what's trending, I'll have to just

Speaker:

walk around and look at their booths.

Speaker:

If there's a booth of people that are selling plush, plush, animals or toys.

Speaker:

I know that in that booth, they are prioritizing the real estate that

Speaker:

they have the front shelf., that's eye level is what they think is the highest

Speaker:

value real estate in their booth.

Speaker:

So I look at that spot and say, what are they prioritizing?

Speaker:

And if they sell stuffed animals, I don't ever want to sell stuffed animals, but

Speaker:

out of all those variations, I realize what they're prioritizing and it's oh,

Speaker:

they're prioritizing koalas and narwhals.

Speaker:

You know what a narwhal is Matt?

Speaker:

I have no idea.

Speaker:

I know what a Koala is.

Speaker:

A unicorn of the sea.

Speaker:

It's that whale with like a big unicorn horn.

Speaker:

Yeah.

Speaker:

So like two or three years ago, I was walking around with ASD plush

Speaker:

toys and like every single plush toy manufacturer was focusing on

Speaker:

and prioritizing those narwhals.

Speaker:

Now this is so bizarre.

Speaker:

Well, I went on Amazon and sure enough, there weren't a lot of

Speaker:

listings for narwhal themed items, but the keywords were out of.

Speaker:

So I started printing narwhal themed birthday party supplies, super easy

Speaker:

to find birthday party supply vendors.

Speaker:

So paper plates with narwhals, um, balloons with narwhals, uh,

Speaker:

picnic table covers with narwhals.

Speaker:

And I was the first one to launch narhwal themed birthday supplies.

Speaker:

And for about nine months, I was all to myself until people figured out what

Speaker:

I was doing it caught on, but I would have never known that narwhals is going

Speaker:

to be a hot item, unless I look at what someone else was doing, use their research

Speaker:

and was told basically like this is hot.

Speaker:

And then I was able to confirm it with the keyword data.

Speaker:

Now online, I love going to places like Pinterest Etsy.

Speaker:

I like going to social curation sites.

Speaker:

I like sites like fancy.com.

Speaker:

You can go to fancy and it's literally site of just trending items.

Speaker:

Um, even on Reddit, there are a lot of subreddits where people

Speaker:

just brag about cool products.

Speaker:

There's one called shut up and take my.

Speaker:

We're literally, it's just people going, oh my gosh, this is so cool.

Speaker:

And a lot of it's like weird chintzy stuff or very expensive stuff, but

Speaker:

occasionally you get an idea and go, well, like why do I continue to see

Speaker:

products on here that are similar?

Speaker:

So back in about 2017, me and another business partner happened on this egg

Speaker:

and chicken niche because all these yuppies in the U S are putting chickens

Speaker:

in their backyard, in their neighborhoods.

Speaker:

Right.

Speaker:

Right.

Speaker:

So we started selling coop supplies, egg trays, a cloth.

Speaker:

All this stuff.

Speaker:

If you've watched project X from, um, uh, with helium 10 that I did,

Speaker:

we did a wooden egg tray, right?

Speaker:

Because at the time all of that stuff was trending really, really hot,

Speaker:

but I, would've never known that if I wasn't looking off Amazon and

Speaker:

seeing just consistent, consistent indicators that like, Hey, this niche

Speaker:

is trending or something like that.

Speaker:

Um, I also love going to places like subscription box services.

Speaker:

If you go to crate joy.com, CRATE J O Y.

Speaker:

It's a marketplace for subscription boxes.

Speaker:

And start stocking all those subscription boxes, the big ones, literally you're

Speaker:

spending no, no telling how much money on product research to figure out what

Speaker:

trending products to put in their box.

Speaker:

So look at their boxes, see what they put in it.

Speaker:

You know, that's a trending item, right?

Speaker:

It's fairly simple concept, but the hard part is then taking that

Speaker:

indication or those clues, and then transferring them to actually validate.

Speaker:

On Amazon.

Speaker:

So that's when you have to take the product idea, find the keyword

Speaker:

that relates to it, check keyword demand, or keyword search volume

Speaker:

versus competitive product demand.

Speaker:

And then you start to find those products that people are looking for.

Speaker:

And they're just not.

Speaker:

So I, well that's, I mean, thank you for all that insight, super helpful in terms

Speaker:

of where you get the inspiration from.

Speaker:

So you've gone from putting the product in your, in your notebook

Speaker:

there, you've got the inspiration and then you're checking keywords.

Speaker:

And you said, um, uh, I think it was about the, the ladders that the

Speaker:

keywords were out of this world.

Speaker:

Right.

Speaker:

Um, and you talk about checking keyword, search volume.

Speaker:

How do people do that?

Speaker:

How do you, how do you actually check keyword search volume?

Speaker:

Is there software that I need?

Speaker:

Is there a website that I go to?

Speaker:

What's what's what's the plan.

Speaker:

Yeah.

Speaker:

So there are, there are software tools.

Speaker:

There's a lot of them out there.

Speaker:

Um, right now I'm getting really interested in seller tools, seller.tools

Speaker:

that I basically can use that software.

Speaker:

I can type in a specific keyword and it will tell me how many people

Speaker:

essentially monthly search that keyword.

Speaker:

As well as related keywords.

Speaker:

So if I don't know what something's called, right.

Speaker:

I've got my podcast microphone here.

Speaker:

Why?

Speaker:

No, this is called a podcast microphone.

Speaker:

But if I type in that keyword in one of these tools, it's going to say X

Speaker:

amount of people a month are searching for a podcast microphone, but they're

Speaker:

also searching these other keywords.

Speaker:

And some of them are very specific and some of them are more broad.

Speaker:

So.

Speaker:

Podcast accessories or audio suc accessories, but I'll also see that

Speaker:

it's not just a podcast microphone.

Speaker:

It's a microphone for podcasts.

Speaker:

It's a blue snowball, uh, podcast microphone, blue snowball microphone,

Speaker:

microphone for podcasting USB microphone for podcasting.

Speaker:

Right?

Speaker:

So every one of those search terms that directly describe.

Speaker:

Product is all real estate that I can occupy.

Speaker:

So again, you're not selling a product, you're selling a keyword.

Speaker:

So if I can find 15 keywords that specifically talk about

Speaker:

this product, or describe this product that are highly relevant.

Speaker:

Now I've got 15 opportunities to sell because there's 15 search results, 15

Speaker:

pages, 15 clicks, and I'm bidding on.

Speaker:

Right?

Speaker:

So that software helps me figure out what all of that is.

Speaker:

And so that was sorry.

Speaker:

seller.tools.

Speaker:

Um, and are there any other pieces of software that people should check out

Speaker:

or is it just focus on that one for now?

Speaker:

Um, man, there's a ton.

Speaker:

I think that when it comes to product research, I think that's

Speaker:

a really good place to start.

Speaker:

Um, there is a cool tool that I like specifically for sorting searches on

Speaker:

Etsy, which is cool because Etsy is usually about a year ahead on some

Speaker:

products than Amazon, as far as trends.

Speaker:

And it's called.

Speaker:

Okay.

Speaker:

Marmalade is a pretty cool tool that not many people talk about and I don't

Speaker:

sell on Etsy, but I use marmalade to search on Etsy for trending items

Speaker:

that I would then correlate over to Amazon and see if it's in demand.

Speaker:

That's interesting.

Speaker:

I've not heard of marmalade, so I'm definitely going,

Speaker:

gonna check that one out.

Speaker:

I'm a, I'm curious to see that one there.

Speaker:

I don't settle on Etsy either.

Speaker:

Um, at least not yet.

Speaker:

Um, so I'll go check it out, but, uh, so that's like, so you, you're checking,

Speaker:

you're looking for these different search.

Speaker:

Well, are you predominantly searching on Amazon?

Speaker:

Uh, the, the search volumes or are you looking at Amazon?

Speaker:

Are you looking at Google?

Speaker:

I'm going to sell it on Amazon.

Speaker:

I'm I'm looking on Amazon now.

Speaker:

I will also like to.

Speaker:

Verify that this demand is increasing across all of the interwebs, so to speak.

Speaker:

So I will also go to like Google trends and Google trends.

Speaker:

Doesn't give me a specific search volume, but if I see that historical

Speaker:

search volume for a keyword has increased on Amazon, I like to see

Speaker:

that it's also increased on Google.

Speaker:

Right?

Speaker:

Cause sometimes there's a weird fluctuation of the software read something

Speaker:

differently or something like that.

Speaker:

So to be honest with you, there's real.

Speaker:

No, there's really no indication of what a perfect, product is hmm, right.

Speaker:

There's no piece of software that says, yes, this product will make you

Speaker:

money or yes, this is not competitive or yes, this has search volume.

Speaker:

Um, there are tools that have tried to do that and it's all junk.

Speaker:

It doesn't work.

Speaker:

So when I talk about pieces of evidence, like, so I'd like to see

Speaker:

that the Google trend is the same as the Amazon search playing Trump, but

Speaker:

it's not a make or break deal for me.

Speaker:

Um, I came up with this, this hypothesis, um, that is related to a medical condition

Speaker:

that my wife has called Marfan syndrome.

Speaker:

Have you ever heard.

Speaker:

No.

Speaker:

So Marfan syndrome, the most, the two most prominent people with

Speaker:

Marfan syndrome, Abraham Lincoln and Michael Phelps, the Olympic swimmer.

Speaker:

Okay.

Speaker:

And Marfan syndrome is a connective tissue disorder.

Speaker:

So the reason that people need to know if they have Marfan syndrome is it could

Speaker:

affect their aorta, serve a few years.

Speaker:

You need to go get a echocardiogram to make sure your aorta is not

Speaker:

to, not about to rupture and.

Speaker:

Marfan syndrome is not a disease and it's not actually able to be diagnosed.

Speaker:

Okay.

Speaker:

So hear me out.

Speaker:

So when my wife was having problems with her joints, her

Speaker:

knees would come out of socket.

Speaker:

Her shoulders would come out of socket and we didn't understand why.

Speaker:

Right.

Speaker:

They would just dislocate very easily.

Speaker:

She eventually talked to the specialist, said, let's find out if you have

Speaker:

Marfan syndrome because Marfan syndrome would explain why you're connected

Speaker:

while your joints are commands.

Speaker:

So there's connected.

Speaker:

Weakness.

Speaker:

And if there is, we also need to start monitoring your heart

Speaker:

health, your cardiac health.

Speaker:

She said, okay.

Speaker:

So she went to a specialist that specializes in this syndrome.

Speaker:

And at the end of this big diagnosis, they were not able to tell her if she

Speaker:

had Marfan syndrome or not, but they were able to say, we believe you do.

Speaker:

So we're going to treat you as if you do so Marfan syndrome, it is

Speaker:

not tracked through DNA markers.

Speaker:

It's not a blood test.

Speaker:

It's, there's nothing that actually diagnosed.

Speaker:

Except for a series of indicators.

Speaker:

So when the doctor meets with you, they have a list of like 200

Speaker:

potential things with your body.

Speaker:

So one of them, for example, is that your wingspan tip to

Speaker:

tip fingers is longer than.

Speaker:

Okay.

Speaker:

Most people, that's not the case.

Speaker:

My wife is two inches wider than she is tall.

Speaker:

And she's like five foot nine.

Speaker:

And she's a tall woman.

Speaker:

So like Michael Phelps has ridiculously long arms.

Speaker:

That would explain why he's so well, yeah.

Speaker:

So what they do is they go through this, this check, this list of check boxes.

Speaker:

And at the end they will say, okay, based on 200 data points, we believe.

Speaker:

With reasonable certainty that you have Marfan syndrome.

Speaker:

So we're going to treat you as if you have Marfan syndrome.

Speaker:

We can't diagnose you for sure.

Speaker:

There's no DNA marker.

Speaker:

There's no blood test.

Speaker:

There's nothing, but because you hit this many indicators, we're going

Speaker:

to proceed as if you have more.

Speaker:

Yeah, picking the right product to sell on Amazon or online is the exact same.

Speaker:

There is no perfect diagnosis.

Speaker:

There's no piece of software that will spit out a result and say, if

Speaker:

you start selling this product, you will make money and you'll be happy.

Speaker:

So what we do is we look at as many checkboxes as we can, and we look at as

Speaker:

many pieces of evidence and we try to build up enough of an argument to where

Speaker:

at the end of this research, we can say, we don't know for sure, but I'm pretty

Speaker:

dang confident that this is going to work.

Speaker:

So going back to like the Google trends, that's not a make it or break it.

Speaker:

Right.

Speaker:

But if the Google trends, um, like growth, you know, line matches the Amazon

Speaker:

one, that's just another indicator.

Speaker:

This is looking good.

Speaker:

Right.

Speaker:

I also do things like I go to Alibaba.

Speaker:

If I found a product that's trending on social media is not really selling

Speaker:

on Amazon, but I think that, I think it's just, there's not a good offer.

Speaker:

I'll take those same keywords and type them into Alibaba because

Speaker:

Alibaba's search engine is exactly like Amazon and Google and Alibaba's

Speaker:

sellers are just like Amazon.

Speaker:

If we, as Amazon sellers see a ton of people requesting a fidget

Speaker:

spinner, a bunch of us are going to start selling fidget spinners.

Speaker:

Right?

Speaker:

So when Amazon sellers or e-commerce sellers are doing this research, maybe

Speaker:

I found a product there's one that, that I actually walked away from right before

Speaker:

it got too competitive called a burrito.

Speaker:

It's a blanket that looks and shaped like a burrito.

Speaker:

It's like a tortilla.

Speaker:

It was a . Yeah.

Speaker:

Yeah.

Speaker:

You got one for your daughter.

Speaker:

You said I need to get one she would love it.

Speaker:

Tortilla blanket.

Speaker:

So they were blowing up all over social media.

Speaker:

The search volume was ridiculously high on Amazon, but nobody

Speaker:

was really selling them.

Speaker:

So I went to Ali Baba and I typed burrito blanket and there was like

Speaker:

200 search results of the exact same thing from different vendors.

Speaker:

So what that.

Speaker:

Is it so many people that identified the niche or the product they were

Speaker:

then going to Alibaba and typing it in, looking for a supplier and Ali Baba

Speaker:

has tools that track search volume too.

Speaker:

So I meant that so many people were going to Ali-Baba to search for a

Speaker:

burrito blanket that all these vendors started selling burrito blankets.

Speaker:

And that was an indicator to me that, Hey, this is probably about to be real.

Speaker:

'cause I couldn't see that maybe 50 people already had containers

Speaker:

full of these things on the water.

Speaker:

Sure enough, three months later, there's 90 listings of already blankets on Amazon.

Speaker:

So did the Amazon results proved me?

Speaker:

It was a bad idea.

Speaker:

No, but it was one indicator that I could start beginning to

Speaker:

reasonably deduce a specific outcome.

Speaker:

Right.

Speaker:

So there's no guaranteed.

Speaker:

Yes or no.

Speaker:

You just look as many pieces of data as you can.

Speaker:

And try to find that Marfan.

Speaker:

Yep.

Speaker:

No, that totally makes sense.

Speaker:

So some of, some of these key indicators for you are obviously the search volume

Speaker:

that you mentioned, your checking demand.

Speaker:

You're looking at Google trends, you're looking across social media platforms.

Speaker:

You're looking at sites like Alibaba to see what's going on there.

Speaker:

Trying to figure out, are there already 50 containers of this on

Speaker:

the seas, sailing to San Francisco.

Speaker:

What is, what are some of the other markers, or are they sort

Speaker:

of the main ones that you look at?

Speaker:

Uh, those are kind of the first ones.

Speaker:

There's other markers like human interaction.

Speaker:

So I can go in and if I'm thinking about launching a product that I'm not

Speaker:

familiar with, and I'm not sure people actually want it, I can get into niche,

Speaker:

Facebook groups and not spam, but just sneak into these groups and say, Hey,

Speaker:

has anybody ever seen one of these?

Speaker:

I think this is cool and get reactions, or I can use a tool, like

Speaker:

pick Fu and ask what people want.

Speaker:

So if I found a niche opportunity for a wooden version of something else.

Speaker:

Let's say there's a toy that's plastic.

Speaker:

And it looks like people are looking for a Montessori version.

Speaker:

That's wood.

Speaker:

I can go to a place like pic Fu and show a plastic version, just snip a

Speaker:

shot from another Amazon listing, have a wooden version that I've stolen a

Speaker:

picture from Pinterest, put them side by side and say, if the plastic version

Speaker:

was $10 and the wooden version was 30, which would you be more likely to buy?

Speaker:

And I can run that pick fu poll and if everybody says no way, I'd

Speaker:

pay 30 for a wooden version, then I kind of have an answer, right.

Speaker:

So I can, I can do human testing that way.

Speaker:

Um, some of the other things I do is I also check for, um, seasonality.

Speaker:

So there are a lot of products that are very seasonal, meaning I'll see

Speaker:

search volume that spikes up really, really high, but there's only a few

Speaker:

listings and I can go back to those listings and check historical BSR

Speaker:

data to figure out is it consistently

Speaker:

seasonal.

Speaker:

So is this an item that sells really well in the spring?

Speaker:

Cause I'll see high search volume for like strawberry baskets for one

Speaker:

month out of the year it's strawberry harvesting season, where everybody buys

Speaker:

a basket and dresses their little kids up and cute outfits and goes to the

Speaker:

strawberry patch and pick strawberries.

Speaker:

Right.

Speaker:

So I have to be careful about seasonality because I could look at search volume.

Speaker:

See there's only two sellers, strawberry baskets, 50,000 people

Speaker:

went searching for it, but then the rest of the year I'm stuck.

Speaker:

Yeah.

Speaker:

Right.

Speaker:

So also check seasonal, um, kind of historical data.

Speaker:

Um, I will also go through and make sure that there's no patents because

Speaker:

sometimes I'll find an incredible product.

Speaker:

There's only one seller everybody's looking for this item and then I can

Speaker:

find out, oh, it's actually patented.

Speaker:

An example of that is what's called a bug, a salt, B U G hyphen, a hyphen S a L T.

Speaker:

It's a gun like a toy gun that shoots salt.

Speaker:

And what it's used for is like shooting flies instead of walking around the

Speaker:

flyswatter, this little gun with a spring, spring loaded mechanism,

Speaker:

shoots out little grains of table salt.

Speaker:

So like, if you have flies in your house, you put your 10 year old kid

Speaker:

to, to battle with these things.

Speaker:

And he walks around shooting flies with salt and its dones, the flies.

Speaker:

You throw them outside.

Speaker:

Right?

Speaker:

Well, it was like blowing up through the roof and I saw all

Speaker:

these keywords for like salt gun.

Speaker:

What the heck is assault gun people that know the brand name.

Speaker:

And there are products that are in like the hardware.

Speaker:

That literally are like, um, paint, sprayers, uh, or I'm sorry.

Speaker:

They're like, there they go on the end of your water hose and it mixes

Speaker:

with a desalination, the desolidity thing, and you spray it on your

Speaker:

boat right there, all that stuff.

Speaker:

But what I figured out was like, people were actually looking for that salt gun.

Speaker:

And then I went to Google patents and looked for buggy salt and realized that.

Speaker:

Uh, all sorts of utility patents and all sorts of, um,

Speaker:

you know, uh, design patents.

Speaker:

But if I went to Alibaba, there was 50 knockoff versions.

Speaker:

And if I didn't know, to look at the patents, I'm out about what one of

Speaker:

the knockoff versions and tried it, you know, cause they're just knockoffs

Speaker:

that would have sold like crazy.

Speaker:

But I had to check there was a patent, right?

Speaker:

So just lots of little things you look at as the list of like probably

Speaker:

50 things and just go, I think this will work or I don't think.

Speaker:

Yeah.

Speaker:

Yeah, yeah.

Speaker:

And I take it.

Speaker:

Your, um, your list of finding products is evolving all the time.

Speaker:

Isn't it?

Speaker:

Because everything's changing the market's moving.

Speaker:

And, um, and this is, I guess, why you're constantly going to trade shows, right?

Speaker:

Because you're actually physically seeing things is quite a helpful, just physically

Speaker:

seeing things, but physically seeing trends and listening to what people say.

Speaker:

There's an example.

Speaker:

I don't have it here, but I went to a fashion show a few years ago in

Speaker:

Vegas and I don't, this may shock some listeners if you know me, but

Speaker:

I'm not a very fashionable guy.

Speaker:

I'm not very trendy.

Speaker:

I'm in gym shorts, like sneakers and a t-shirt.

Speaker:

That's how I get to work everyday.

Speaker:

But I'm walking through this trade show that showing off high-end designer

Speaker:

women's accessories and purses.

Speaker:

I don't know anything about women's purses, but I did notice

Speaker:

that my, eye kept being caught by this unique texture on these.

Speaker:

And like a lot of these vendors had like their prime show piece

Speaker:

at the very corner is purse.

Speaker:

And I would walk up and touch it and realize this wasn't leather.

Speaker:

So I started asking what's this material.

Speaker:

They said, oh, it's cork.

Speaker:

So court apparently is a vegan leather alternative,

Speaker:

and it's tougher than leather.

Speaker:

It's, you know, sustainable.

Speaker:

You don't have to kill a cow to get it.

Speaker:

All of these very high fashion brands, we're seeing a demand

Speaker:

for vegan leather options.

Speaker:

It still feels like leather and it looks kind of like leather.

Speaker:

It's beautiful to replace leather and accessories.

Speaker:

So of course I went to Amazon.

Speaker:

There was nothing, there were no cork accessories, nothing, but

Speaker:

there are people looking for it.

Speaker:

There was a keyword at the time that people were looking for cork bow tie for.

Speaker:

There was not a single one on Amazon.

Speaker:

Never had been a listing on Amazon, but off of Amazon, a place like

Speaker:

Pinterest, it was like a big trend.

Speaker:

Like guys would get these cork bow ties.

Speaker:

So I was the first guy to launch a cork bow tie.

Speaker:

And it was like, no PPC.

Speaker:

I'd lo I'd listed.

Speaker:

Like I got the first 500 units from India and it's like, within three

Speaker:

weeks I'm sold out at like $40.

Speaker:

And my cost was probably $5 landed and no PPC, it just blew.

Speaker:

Right.

Speaker:

So then I started selling cork.

Speaker:

Passport holders and cork belts and cork, uh, clutches for women and makeup

Speaker:

bags for women and all this stuff.

Speaker:

Right.

Speaker:

I eventually ended up selling that brand, but if I hadn't gone to

Speaker:

a trade show and seen this crazy material and said, what is this?

Speaker:

And then what's crazy.

Speaker:

Is those vendors openly tell you everything.

Speaker:

They don't see, they're trying to sell their products.

Speaker:

So they're telling you that again.

Speaker:

Yeah.

Speaker:

We saw at Paris fashion week, this was a big thing.

Speaker:

And right now we're seeing a big demand all over Google and we're running Google

Speaker:

ads for vegan, leather alternatives or vegan leather or leather alternatives.

Speaker:

Like they literally just told me everything they know.

Speaker:

And I walked out of there and like, okay, that's cool.

Speaker:

I went back and confirm people are looking forward to Amazon.

Speaker:

I was the first on Amazon.

Speaker:

That is fascinating.

Speaker:

But you here's the thing.

Speaker:

Right?

Speaker:

You are all your stories so far are you putting things on Amazon?

Speaker:

You're not putting them on.

Speaker:

And what I would call an e-commerce site.

Speaker:

And as in, you're not buying Timsveganpurses.com and, and

Speaker:

doing that, or are you, is it just literally you're focusing on

Speaker:

Amazon with this sort of strategy?

Speaker:

It, it varies.

Speaker:

That's like asking how long a piece of string is.

Speaker:

Right.

Speaker:

It always varies.

Speaker:

There are some products that just suck on Amazon.

Speaker:

There are some products that have to be direct to consumer, or they're

Speaker:

better on Walmart than Amazon.

Speaker:

Generally, I talk about Amazon a lot because I think that Amazon is typically

Speaker:

the best way to get started in e-commerce.

Speaker:

And if your existing brand it's additional sales, I tell, you know,

Speaker:

I I'm, I guess I'm kind of big in the Amazon space, but I tell people

Speaker:

all the time, stop being Amazon.

Speaker:

I was at a conference in New York, there was 500 people in this room and in New

Speaker:

York and Brooklyn in this zip code that I was in this neighborhood, that zip code

Speaker:

represents like three and a half percent of all third-party sales on Amazon, like

Speaker:

billions of dollars just in that room.

Speaker:

And I said, stop being an Amazon seller.

Speaker:

And everybody looked at me like I was crazy.

Speaker:

And I said, be a product seller that sells on.

Speaker:

Right.

Speaker:

So Amazon is a tool.

Speaker:

Amazon is a great tool if you're bootstrapping it and just getting

Speaker:

started and trying to figure out how to do this wild, crazy thing.

Speaker:

Amazon has a lot of the resources and infrastructure that's good.

Speaker:

Um, Amazon is pretty competitive.

Speaker:

So for some products that will never work, um, some people need to

Speaker:

start on Etsy or some people need to start on Zulily or some people

Speaker:

just need to start with a website.

Speaker:

One of the coolest products that I've seen the past couple of years of product

Speaker:

called a wet sleeve, W E T S L E V E.

Speaker:

It's a patented product.

Speaker:

It's a water bottle for active people that slides on your forearm.

Speaker:

So if you're skateboarding and it's got one of those little like bite

Speaker:

valves and nipples, like a Camelback would have, but you don't have a big,

Speaker:

heavy backpack, it's just your arm.

Speaker:

So rock climbers.

Speaker:

Skateboarders surfers and you just bite on your arm and suck the water out.

Speaker:

It's a really cool product, but it was a disaster on Amazon because

Speaker:

nobody knew to look for it.

Speaker:

There was zero keywords for it.

Speaker:

So we were trying to sell it as a running water bottle or water bottle for running.

Speaker:

Right.

Speaker:

But when people go looking for a water bottle for running, they're

Speaker:

looking for like a, like a waist pack that has water bottles, not that.

Speaker:

So on Amazon, there's just not enough demand for, and it's too

Speaker:

specific and it's hard to cross sell.

Speaker:

So that is like a direct consumer.

Speaker:

Right.

Speaker:

So there's not like a one size fits all, but I do.

Speaker:

I would say that generally speaking, Amazon continues to be the most frequent

Speaker:

pathway to success for launching e-commerce products or for adding

Speaker:

additional scalability and sales to existing brands that are sold elsewhere.

Speaker:

Online.

Speaker:

That's a very fair point.

Speaker:

Uh, it is a fair point and I, um, I have definitely no argument with that.

Speaker:

Uh, I'm just really curious to understand how you, um, hi, how do you decide, you

Speaker:

know, you've got this product over here.

Speaker:

You're going to sell that on Amazon.

Speaker:

How do you decide if you're going to then run that on a website as well, um,

Speaker:

and go direct to consumer, or is there a thought process behind that or is it just.

Speaker:

Uh, an intuition that you have.

Speaker:

Yeah.

Speaker:

It's a little bit of an intuition.

Speaker:

You know, there's some products that are just going to sell on Amazon and there's

Speaker:

no point in taking them off of there.

Speaker:

I sold a woman's shoe, accessory of boot shoe tree.

Speaker:

It's this long thing that fits in tall boots because these women have

Speaker:

these like tall, like knee-high leather boots or calf leather boots.

Speaker:

When you put them in your closet, they fall over and it creases the leather.

Speaker:

It's just these plastic inserts that just hold them up.

Speaker:

Right.

Speaker:

Stupidest thing I've ever seen.

Speaker:

But man I sold a lot of those and there was like, I could buy those

Speaker:

from China, put my label on them.

Speaker:

There were 90 cents landed at FBA for a pair I was selling

Speaker:

for like 1999 for years.

Speaker:

And a lot of them, like, I could barely keep those things in stock containers

Speaker:

and containers of these things.

Speaker:

Well, I didn't have any other women's shoe accessories to sell.

Speaker:

Right.

Speaker:

So like if I built a website for that, it would be almost pointless because yeah.

Speaker:

I could drive traffic to there from Google.

Speaker:

The real value of an independent website is to build that audience

Speaker:

to increase lifetime value.

Speaker:

So my opinion is setting up a website for one ancillary product.

Speaker:

Doesn't make much sense because then you can't cross sell.

Speaker:

I can maybe sell them more of those, but honestly, there's going to, if

Speaker:

they want them, there's going to come back to Amazon and buy them again.

Speaker:

Right?

Speaker:

So the product, the brand, the community, the niche, all that's going to depend if

Speaker:

I go D to C or not typically speaking, if I can go wide, but not deep on Amazon,

Speaker:

meaning just a bunch of random products and then they will eventually show up

Speaker:

as brands like I'll wake up one day.

Speaker:

I had a line of products that was cigar and like pipe smoking

Speaker:

accessories, really cool.

Speaker:

Bougie kind of millennial, lots of Leatherwood, rustic stuff.

Speaker:

I had one.

Speaker:

Then I had another, then I had another, and one day I woke up

Speaker:

and I had like seven products.

Speaker:

Oh crap.

Speaker:

I actually have a catalog of products now that are related.

Speaker:

And then we went and did like really expensive photo shoots and

Speaker:

set up a website and we started reaching out and eventually got

Speaker:

those into subscription boxes too.

Speaker:

I typically wait until I have a cross sell off either.

Speaker:

I wait till I have a cross sell opportunity where it makes sense to

Speaker:

acquire that audience, because I can raise the LTV of each purchase by cross

Speaker:

selling and reselling and having the list, or it has to be a product that just will

Speaker:

not work on Amazon, but I'm pretty sure that I can drive like paid traffic to it.

Speaker:

You know, if I can run these crazy Google Ads or Tik TOK, influencer campaigns,

Speaker:

driving to a website where I might have a one product purchase funnel.

Speaker:

That's really interesting.

Speaker:

So if you, uh, um, uh, if you were talking to someone who's listening to

Speaker:

the show, who's going, that's great.

Speaker:

I'm going to go in and do some research, but I don't really have

Speaker:

an experience in selling on Amazon.

Speaker:

Where would they.

Speaker:

Where would they go to learn that?

Speaker:

Are there courses that you would recommend is there websites that

Speaker:

you would recommend people head to?

Speaker:

Ooh, that's a tough, that's a dangerous question to ask.

Speaker:

If people want to learn to sell on Amazon, where do they go?

Speaker:

Um, and I'll say it's a tough question for a few reasons.

Speaker:

One is there are a lot of different ways to sell on Amazon.

Speaker:

There are arbitrage sellers that are wholesale sellers.

Speaker:

There are, um, private label sellers that, that are essentially finding something,

Speaker:

putting their sticker on selling it.

Speaker:

There's also large brands that want to then convert to selling on Amazon

Speaker:

and every method is different.

Speaker:

Every product is different, every, uh, amount of resources that you have, if

Speaker:

you want to do this will change the way in which you're going to sell.

Speaker:

Right.

Speaker:

It's it's, it's a lot.

Speaker:

I will also say that you have to be very careful going to a place like

Speaker:

YouTube because typically the top trending videos of how to sell on

Speaker:

Amazon on YouTube or affiliate sellers.

Speaker:

And they're selling a get rich quick scheme, which I don't believe in.

Speaker:

They're blowing you up with hype to buy this expensive courses, expensive

Speaker:

software bundle that may be not as is actually not very good information.

Speaker:

So I'll throw a few resources to you.

Speaker:

A few ideas.

Speaker:

One is check out project X by helium 10 on.

Speaker:

So, if you go to YouTube, you type in helium 10 project X it's a case study that

Speaker:

I did where I talk a lot about this stuff.

Speaker:

And we actually showed it live in person completely free, no sales pitch.

Speaker:

There, no episode also there is um my own Facebook, I'm sorry, YouTube

Speaker:

channel, which is private label Legion.

Speaker:

If you just search Tim Jordan private label Legion, again,

Speaker:

we don't sell anything on it.

Speaker:

It's just a bunch of a bunch of content.

Speaker:

You can also join our Facebook group, private label, Legion Facebook

Speaker:

group, where it's not a huge group.

Speaker:

Probably kick out two thirds of the people that request to be in it.

Speaker:

It's just a, but it's like I got an 85% engagement rate,

Speaker:

so it's heavily moderated.

Speaker:

Also you can check out carbon six.

Speaker:

So carbon six.io.

Speaker:

They are a group of software companies or is it, is it like an aggregator software

Speaker:

companies that is building a ridiculously huge education program right now?

Speaker:

So if you go to carbon six to IO, just sign up for the newsletter.

Speaker:

And maybe if you're listening to this a couple months from now,

Speaker:

it's already launched, but they're building out a ridiculously

Speaker:

impressive in three educational platform for people that want to sell

Speaker:

in different styles of Amazon, whether it's the merger wholesale private label.

Speaker:

That's brilliant.

Speaker:

That's brilliant.

Speaker:

So projects.

Speaker:

Um, so the project that you did with helium 10 project X.

Speaker:

Um, uh, just tell folks what helium 10 is to that it just in case they don't know.

Speaker:

Yeah.

Speaker:

Helium 10 is one of those other software tools.

Speaker:

So basically to, to explain how to sell on Amazon for them its important

Speaker:

because there's, you know, trying to sell their software, which is one

Speaker:

of the research tools too, um, so project X was literally case study.

Speaker:

I worked with them and sat down with kind of their lead educator.

Speaker:

And I taught him along the way, this kind of different method.

Speaker:

And of course we use software to prove things and validate things and back

Speaker:

things up, you know, it's test the waters at the bottom of the cliff.

Speaker:

So.

Speaker:

Yeah.

Speaker:

Yeah, that's great.

Speaker:

And that's all online and you can check those out or join the Facebook

Speaker:

groups, uh, that, um, that Tim does.

Speaker:

Why not?

Speaker:

Um, and Tim if they, if people want to reach out to you and connect you,

Speaker:

is that the best way to do that?

Speaker:

Or there are other channels as well that, because I'm sure.

Speaker:

LinkedIn is the best place.

Speaker:

LinkedIn.

Speaker:

I put a lot of content on there.

Speaker:

I put a lot of free resources and things like that.

Speaker:

Direct people into the larger community.

Speaker:

Um, you can also just follow me on Facebook.

Speaker:

I post e-commerce stuff there all the time.

Speaker:

Um, I'll be honest.

Speaker:

I'm slow about private messages.

Speaker:

So if anybody private messaging me and says, Hey Tim, can

Speaker:

you give me free advice?

Speaker:

Uh, my VA will probably ignore that, but if you go into that Facebook group,

Speaker:

the private label, Legion, Facebook group, and you ask questions there.

Speaker:

You ask for input.

Speaker:

You want advice?

Speaker:

The members are really active in there as well.

Speaker:

Uh, our moderators kind of push those pieces of information

Speaker:

back up to me and we usually get answers, you know, pretty quickly.

Speaker:

I just don't have time to sit on Facebook all day unfortunately.

Speaker:

Yeah, I, uh, gratefully, I think there's definitely better things

Speaker:

you can do with your time.

Speaker:

Uh, but Tim listen, it's been great having you on the show.

Speaker:

I'm sure many people have got a lot more questions.

Speaker:

Um, and so do reach out to Tim, uh, if you would like to get ahold of him, uh,

Speaker:

via all the methods that he mentioned, and we will, of course, link to all

Speaker:

of those, all the bits of software or the videos and all that sort of stuff.

Speaker:

Tim's mentioned.

Speaker:

We will put all of those links in the show notes, which you can get access

Speaker:

to just head on over to the website.

Speaker:

E-commerce podcast.net search for Tim Jordan uh, and it will come up and you'll

Speaker:

be able to get all of that as well.

Speaker:

So Tim listen, but, uh, I really enjoyed being on your show.

Speaker:

I genuinely did.

Speaker:

Um, but I've enjoyed you being on mine more.

Speaker:

So, um, thank you for joining us and, uh, thank you for answering all my questions.

Speaker:

Uh, it's been absolutely fascinating to talk to you and, um, yeah, I hope,

Speaker:

I hope I hope to have you back soon to hear about your recent product ventures.

Speaker:

Yup.

Speaker:

Just, just send me an email.

Speaker:

We'll jump back on.

Speaker:

Oh, you're a legend.

Speaker:

Thanks Tim.

Speaker:

All right, so there you have it yet.

Speaker:

Another fantastic conversation right here on the e-commerce podcast.

Speaker:

Huge, huge.

Speaker:

Thanks to Tim.

Speaker:

Love that conversation.

Speaker:

He's he's an absolute legend that fella and make sure you

Speaker:

follow him on Instagram as well.

Speaker:

And keep up with all these happenings.

Speaker:

Been following along on Instagram, it's guess the man travels.

Speaker:

Let me tell you, so do follow him and find out what's going on.

Speaker:

Don't forget to check out our complete back catalog online.

Speaker:

Just head over to our newly revamped website.

Speaker:

E-commerce podcast.net.

Speaker:

Let me know what you think about the website as well.

Speaker:

We'd love to know what you think about the website, what's missing, what could

Speaker:

be improved, et cetera, et cetera.

Speaker:

Now make sure you subscribe to the show wherever you get your podcasts from

Speaker:

because as always we've got yet more great conversations lined up and you're

Speaker:

not going to want to miss any of them.

Speaker:

You genuinely aren't.

Speaker:

So do subscribe and all of that good stuff.

Speaker:

And in case, no, one's told you yet today.