Matt Edmundson:

Well, hello and welcome to the eCommerce podcast

Matt Edmundson:

with me, your host, Matt Edmundson.

Matt Edmundson:

The eCommerce podcast is all about helping you deliver eCommerce wow.

Matt Edmundson:

And to help us do just that, I am chatting with today's guest, Ryan Flannagan from

Matt Edmundson:

Nuanced Media about grow your business with growth driven advertising on Amazon.

Matt Edmundson:

Yes, That is actually as sexy as it sounds.

Matt Edmundson:

So we are gonna get into that.

Matt Edmundson:

But before I jump into that, uh, with Ryan, uh, let me suggest

Matt Edmundson:

a few other e-commerce podcast episodes that I think you'll enjoy

Matt Edmundson:

listening to around this whole topic.

Matt Edmundson:

Uh, there's five steps for..

Matt Edmundson:

I need to start that sentence again.

Matt Edmundson:

Five Steps for successful Amazon branding with Drew Morgans, who's a top bloke,

Matt Edmundson:

and also understanding growth hacking for your business with Chris Raven.

Matt Edmundson:

You can find these and our entire archive of episodes on our website,

Matt Edmundson:

for free @ecommercepodcast.net.

Matt Edmundson:

Now this episode is brought to you by the eCommerce cohort, uh, which is

Matt Edmundson:

basically there to help you deliver eCommerce wow to your customers.

Matt Edmundson:

Ryan, I'm sure you've met over the years, uh, folks who have got stuck

Matt Edmundson:

with their eCommerce website or they've got siloed just working into

Matt Edmundson:

one or two areas of their business.

Matt Edmundson:

And miss the big picture.

Matt Edmundson:

Well, I was the same, exactly the same.

Matt Edmundson:

Uh, I nearly lost my entire business as a result of it.

Matt Edmundson:

So the eCommerce cohort is here to solve that particular problem.

Matt Edmundson:

Yes, it is.

Matt Edmundson:

It is like, it's a lightweight, uh, membership group.

Matt Edmundson:

Kind of works similar to a mastermind, uh, but it's kinda like you get involved,

Matt Edmundson:

you do stuff, you work together and it covers all the areas of eCommerce

Matt Edmundson:

to stop you getting siloed, stop you losing sight of the big picture.

Matt Edmundson:

It's just a great thing to get involved with if you are involved with eCommerce.

Matt Edmundson:

If you've got any questions or you wanna know more, checkout ecommercecohort.com or

Matt Edmundson:

you can email me matt@ecommercepodcast.net with any questions cuz I think

Matt Edmundson:

it's definitely worth checking out if you are in eCommerce.

Matt Edmundson:

So all of that said, let's get in today's topic with Ryan, who

Matt Edmundson:

is the CEO of Nuanced Media.

Matt Edmundson:

He has spent more than 15 years in eCommerce, uh, multichannel

Matt Edmundson:

digital marketing, and third part, third party marketing places.

Matt Edmundson:

He's worked with hundreds of companies to establish best practices, focusing

Matt Edmundson:

on the 20% that produces 80% of the revenue, the pay Pareto principle.

Matt Edmundson:

Now, Ryan is passionate, uh, a passionate thought leader in eCommerce.

Matt Edmundson:

He has been interviewed and quoted by the who's who, Buzzfeed,

Matt Edmundson:

Modern Retail and many others.

Matt Edmundson:

So to crown off his whole life's work and achievements, he thought

Matt Edmundson:

the one thing I need to do now is appear on the eCommerce podcast.

Matt Edmundson:

Uh, Ryan, thank you so much for joining us.

Matt Edmundson:

Great that you are here bud.

Ryan Flannagan:

Thanks Matt.

Ryan Flannagan:

My bucket list is now complete or will be in about an hour.

Matt Edmundson:

That's exactly it.

Matt Edmundson:

Right?

Matt Edmundson:

That's exactly it.

Matt Edmundson:

Which is just fantastic.

Matt Edmundson:

Oh, it's great that you are here.

Matt Edmundson:

Now at Nuanced Media, right?

Matt Edmundson:

We talked about that in the bio.

Matt Edmundson:

Uh, what, Tell me about Nuanced Media.

Matt Edmundson:

What is it?

Ryan Flannagan:

Sure.

Ryan Flannagan:

Nuanced media's a boutique agency.

Ryan Flannagan:

We've sold hundreds of millions online for our clients.

Ryan Flannagan:

We've been around about 12 years.

Ryan Flannagan:

But really what we do that I think is a little bit different than the

Ryan Flannagan:

rest, is we basically won't work with you unless we can win for you.

Ryan Flannagan:

We do analysis of anybody we bring in.

Ryan Flannagan:

We don't just bring in anybody on that.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. And it's really about more value driven based and helping people be

Ryan Flannagan:

successful on the Amazon platform.

Ryan Flannagan:

Um, and then we also help people with kind of multichannel on the

Ryan Flannagan:

Shopify side of those things.

Ryan Flannagan:

But along with that, um, if we aren't the good fit for you and we're not the

Ryan Flannagan:

best fit for everybody, uh, we actually have a referral partner group that we

Ryan Flannagan:

can refer out and find you the right fit for where you are in your business

Ryan Flannagan:

right now to, to help you be successful.

Ryan Flannagan:

Um, big fan of win-wins, this life is too short not to help people win.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Um, and that's really what we focus on at Nuanced Media.

Matt Edmundson:

Fantastic.

Matt Edmundson:

And so I like that.

Matt Edmundson:

Uh, we won't work with you if we can't win with you.

Matt Edmundson:

I think it's a great phrase.

Matt Edmundson:

Um, it's, And have you found that you, the more successful you've got, nuanced

Matt Edmundson:

media's got, and you've grown, you can start to be a lot more Choosy is the

Matt Edmundson:

wrong phrase, but Do you know what I mean?

Matt Edmundson:

You can, you can start to say to clients, Actually, we're

Matt Edmundson:

gonna be a good fit for you.

Matt Edmundson:

We're not gonna be a good fit for you cuz you've not got that where's

Matt Edmundson:

payroll coming from this month?

Matt Edmundson:

Fear hanging over your head.

Ryan Flannagan:

There's that point.

Ryan Flannagan:

But there's also in my gauge, um, sometimes a lack of

Ryan Flannagan:

expectation setting for people.

Ryan Flannagan:

You know, everybody, you see the YouTube ads all the time.

Ryan Flannagan:

You see the Facebook ads, Somebody in a highrise talking about how

Ryan Flannagan:

they made $5 million in two weeks doing this type of thing, $5.

Ryan Flannagan:

Um, and that's just not the reality.

Ryan Flannagan:

Right.

Ryan Flannagan:

And you need to have real conversations with people before you engage in maybe

Ryan Flannagan:

a 50, $200,000 engagement to say, if you're going to launch this project

Ryan Flannagan:

or you're going to do this thing, this is what it's really gonna cost.

Ryan Flannagan:

This is the ad spend.

Ryan Flannagan:

It's a six month timeline to get there.

Ryan Flannagan:

You need to get reviews, you need to do these things.

Ryan Flannagan:

And we find that we have a lot more long-term relationships, and that's

Ryan Flannagan:

what we're really in for is long-term.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

good relationships with people, um, by setting those expectations and being

Ryan Flannagan:

upfront about 'em from the get-go.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

And if you don't do that, you're just not doing people justice.

Ryan Flannagan:

Right?

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Um, and that's hard to sleep at night.

Ryan Flannagan:

So that's why we try to avoid doing that.

Matt Edmundson:

Yeah, I like that.

Matt Edmundson:

And there's an integrity about it, isn't there?

Matt Edmundson:

And um, and actually, ultimately, I think it makes your business more successful

Matt Edmundson:

because you're, you know, you are, you are, you're picking clients and projects

Matt Edmundson:

that actually that you can win for them.

Matt Edmundson:

And conversely, they're gonna win for you.

Matt Edmundson:

And so, You know that, I remember when we were starting out years

Matt Edmundson:

ago, and maybe you've done this, maybe you haven't, Right?

Matt Edmundson:

Especially with agency, where you just say yes to everything and everybody,

Matt Edmundson:

cuz you just need to get started.

Matt Edmundson:

Uh, and you say yes to people that you know full well, that you shouldn't because

Matt Edmundson:

you know they're gonna be a royal pain in the backside, but you kind of, you still

Matt Edmundson:

do it because you need to make payroll.

Matt Edmundson:

I, I can only think of one client that we said no to in the early days and that's

Matt Edmundson:

cuz he wanted us to do a porn website.

Matt Edmundson:

And I was like, Dude, I've got, I've got a set of standards that I'm not prepared.

Matt Edmundson:

Do you know what I mean?

Matt Edmundson:

Uh, but, but other than that, and we found actually the, as soon as we started,

Matt Edmundson:

uh, weeding out clients and saying no to clients, life became a lot easier because

Matt Edmundson:

you could spot the ones that wanted.

Matt Edmundson:

You know, the project for the least amount of money, but they were gonna

Matt Edmundson:

give you the most amount of hassle.

Matt Edmundson:

Right?

Ryan Flannagan:

Right.

Ryan Flannagan:

Yep.

Ryan Flannagan:

And that, or gain into things that you actually don't do.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

and trying to do that for a client.

Ryan Flannagan:

Right.

Ryan Flannagan:

And then no one's happy at the end of the day.

Ryan Flannagan:

So it's two parts.

Ryan Flannagan:

It's a) making sure that you can be successful for a client by right

Ryan Flannagan:

Projections by right models, and having the conversation like, Hey, it's a $50,000

Ryan Flannagan:

gamble and it's a 50-50 shot here, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, like, what does that look like?

Ryan Flannagan:

Um, and we don't really know the data until we get into it either.

Ryan Flannagan:

Um, as well as this is what we do very well, and if you need social media

Ryan Flannagan:

advertising or something like that, we don't actually do that, but we do

Ryan Flannagan:

have partners that we work with that can help you, and then we can help

Ryan Flannagan:

manage that relationship as well.

Ryan Flannagan:

Mm-hmm., And that's, that's pretty valuable too because unfortunately, and

Ryan Flannagan:

Nuanced Media is a full service agency..

Ryan Flannagan:

Um, but with that, we're full service on the Amazon and kind of Shopify

Ryan Flannagan:

platforms, but we don't play in those other areas as much as we used to.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Um, because we weren't honestly doing it as well as we wanted to.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Um, so by managing that relationship, by speaking upfront about what you do

Ryan Flannagan:

and what you don't do, and then having the network where you can help people,

Ryan Flannagan:

even if you're not going to be a good fit for them, uh, I find that everybody

Ryan Flannagan:

comes out significantly happier.

Ryan Flannagan:

Um, and you can see our reviews on Clutch and all these type of things, and

Ryan Flannagan:

it's worked very well for us by kind of taking more of that, uh, ethical stance.

Ryan Flannagan:

And just at the end of the day, how do you live a good life?

Ryan Flannagan:

How do you win?

Ryan Flannagan:

How do you do that with everybody?

Ryan Flannagan:

Right?

Matt Edmundson:

Yeah.

Matt Edmundson:

Yeah.

Matt Edmundson:

No, it's, it's brilliant.

Matt Edmundson:

Absolutely.

Matt Edmundson:

And so over the years, I'm guessing as Nuanced Media's been going on,

Matt Edmundson:

you've kind of, you've discovered your niche, your talents, you know

Matt Edmundson:

what you're going to be good at, you know what you need to stop doing.

Matt Edmundson:

Um, I always had a business coach who, um, who asked me the, you know, those

Matt Edmundson:

questions, What are you gonna do more of, get rid of, and what you gonna do less of?

Matt Edmundson:

And it's, as you grow mature, you figure that out.

Matt Edmundson:

So one of the things that you guys have settled into is this whole area

Matt Edmundson:

on Amazon and what you call growth driven, uh, advertising for Amazon.

Matt Edmundson:

What do you mean by that phrase?

Matt Edmundson:

And what, and then let's get into what, what you've sort of discovered there.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

So what we're seeing, I'm going to take a step back and talk about what

Ryan Flannagan:

we're seeing on Amazon in general, compared to, you know, during Covid or

Ryan Flannagan:

before that or any of the time period.

Ryan Flannagan:

When you look at the journey of Amazon, Amazon's been really growing at

Ryan Flannagan:

exponential rate for a very long time.

Ryan Flannagan:

Yeah, right.

Ryan Flannagan:

Uh, five years ago you could throw up a picture and put up some words, uh, words.

Ryan Flannagan:

You could put up some, uh, information and really start selling right

Ryan Flannagan:

off the bat and make millions of dollars and grow quickly from that.

Ryan Flannagan:

But that's not the same anymore On Amazon, we're seeing, uh, again, more and more

Ryan Flannagan:

competitive on a weekly basis on this.

Ryan Flannagan:

You're seeing, uh, more aggressive ad spend.

Ryan Flannagan:

You're seeing basically a maturation of the market.

Ryan Flannagan:

Um, if you look at the bell curve, I think we're, you know, still

Ryan Flannagan:

going on the upside, but we're kind of at this level that things are

Ryan Flannagan:

just getting more competitive and how do you start managing that.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Um, and essentially the old method of just managing pay per click and not

Ryan Flannagan:

looking at data or segments or any of these type of things is just not

Ryan Flannagan:

doing it, uh, for clients in general.

Ryan Flannagan:

The other thing that we see on Amazon is, and we work with a number of different

Ryan Flannagan:

catalogs and clients that way, but we typically see the Pareto principle, as you

Ryan Flannagan:

were talking about earlier, but on Amazon, we call it kind of, um, on steroids.

Ryan Flannagan:

So the Pareto principle 20% makes 80% of your revenue on Amazon.

Ryan Flannagan:

Sometimes we see like 2% of your catalog is making 98% of your revenue.

Ryan Flannagan:

Oh, wow.

Ryan Flannagan:

It's, it's just really insane.

Ryan Flannagan:

You'll see a SKU or Asin making, you know, um, a hundred thousand dollars

Ryan Flannagan:

a month or, or more than that, uh, compared to the rest of the catalog.

Ryan Flannagan:

That's why I'm making 50,000.

Ryan Flannagan:

Right.

Ryan Flannagan:

So what we need to do in that level is take our efforts and

Ryan Flannagan:

make sure that we do not lose that competitive advantage on the, the

Ryan Flannagan:

ASINs that we're really winning on.

Ryan Flannagan:

Mm-hmm um, and when you look at that, uh, it comes down to a few different

Ryan Flannagan:

things, but the first thing is, uh, setting up a segment analysis on this.

Ryan Flannagan:

So one thing that's been hard to gauge on Amazon, and we

Ryan Flannagan:

found this extremely valuable.

Ryan Flannagan:

How is the market performing compared to how it used to perform?

Ryan Flannagan:

So when looking at your listing, we actually do analysis and take

Ryan Flannagan:

a, the top roughly hundred ASINs that are similar to your product.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, we're not talking about the beauty catalog.

Ryan Flannagan:

If we're looking at lip liner or something like that.

Ryan Flannagan:

We're talking about very tight competitive margins on who are these

Ryan Flannagan:

people who are lip liners that have sold over $500 a month, that have over 300

Ryan Flannagan:

reviews that are kind of in this space.

Ryan Flannagan:

Right.

Ryan Flannagan:

Um, and then you look at on a monthly basis of how you grew

Ryan Flannagan:

compared to your competitors.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Now the important thing of looking at that is if your market's up

Ryan Flannagan:

a hundred percent, you could be celebrating, you know, looking at,

Ryan Flannagan:

hey, we're up a hundred percent month over month, but then you look at the

Ryan Flannagan:

segment and the segment's up 300%.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, well then you're actually losing market share overall.

Ryan Flannagan:

Hmm.

Ryan Flannagan:

Um, and on the vice versa, like if you're down 15%, and we've had this right when

Ryan Flannagan:

some clients were like, Hey, we're down.

Ryan Flannagan:

What's going on?

Ryan Flannagan:

You guys aren't doing your job?

Ryan Flannagan:

Or, or what's happening?

Ryan Flannagan:

And then we actually look at that and the market's actually down 30%.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, right?

Ryan Flannagan:

So you have to really establish that, what I like to call kind of a control

Ryan Flannagan:

group, to find out where you're doing, how you're doing on the marketplace,

Ryan Flannagan:

and be able to have that real conversation of what's going on and how

Ryan Flannagan:

do we position ourselves about that.

Ryan Flannagan:

Now, once you have that established, it really comes into what we like

Ryan Flannagan:

to call more data driven, uh, advertising, and really holistically

Ryan Flannagan:

looking at your listings.

Ryan Flannagan:

So this is a age old concept that we've been talking about.

Ryan Flannagan:

Google pay per click and these type of things.

Ryan Flannagan:

If you're running Google Shopping ads and somebody clicks on there

Ryan Flannagan:

and they come to the website and it takes five seconds to load, you're

Ryan Flannagan:

not gonna make as many sales, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, and you kind of see that, and people take that for granted a little bit on the

Ryan Flannagan:

Amazon platform because it is all kind of templated and systematic at those levels.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

true.

Ryan Flannagan:

But what we've seen is kind of twofold is one, split testing, basically your

Ryan Flannagan:

title of your listing, your main image, your a plus content, and you actually

Ryan Flannagan:

have the capabilities go in there and split test those things on Amazon to

Ryan Flannagan:

really increase your overall results.

Ryan Flannagan:

The other side of this is when you're running your pay per click

Ryan Flannagan:

campaigns and doing those things, you'll find words, you know, phrases

Ryan Flannagan:

that convert better than others.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. And what we do on that is we find those keywords that are really

Ryan Flannagan:

converting and then integrate them back into the text of the listing.

Ryan Flannagan:

Okay.

Ryan Flannagan:

Because then you can organically rank higher for those and they have a higher

Ryan Flannagan:

conversion rate, which will drive more sales, which will take the flywheel off

Ryan Flannagan:

and really start growing on those things.

Ryan Flannagan:

So we've gotten some pretty interesting results and I can

Ryan Flannagan:

walk you through some of those.

Ryan Flannagan:

But that's really kind of the concept of growth driven advertising is don't

Ryan Flannagan:

treat your full catalog the exact same because it's not the full saying.

Ryan Flannagan:

You know, look at your hero listings, the one that you're making really, really

Ryan Flannagan:

strong, uh, return on investment on, and then have a real conversation of how do

Ryan Flannagan:

we do this better than everybody else?

Ryan Flannagan:

And a lot the time needed to do that because they are your hero

Ryan Flannagan:

ones and we're seeing conquesting coming in all the time and you really

Ryan Flannagan:

don't wanna lose your position.

Ryan Flannagan:

But also we see by coming in and doing this really right for listings that

Ryan Flannagan:

already have a good sales velocity we can sometimes do and 3x those.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Uh, by doing that, depending on the opportunity.

Matt Edmundson:

So, uh, there's just a lot of common sense there, isn't there?

Matt Edmundson:

And it's just that kind of, uh, that kind of idea, which I, I think so

Matt Edmundson:

often we just don't think about.

Matt Edmundson:

And that's actually, we've got a product here doing well,

Matt Edmundson:

how can we make it do better?

Matt Edmundson:

And, and so you're starting off with this Pareto principle, and actually this

Matt Edmundson:

applies not just on Amazon, but I would say in the e-commerce space, you can look

Matt Edmundson:

at your website catalog or your, um, uh, SKUs or ASINs as Amazon like to call them.

Matt Edmundson:

You know what?

Matt Edmundson:

Basically keep product listing.

Matt Edmundson:

Um, and you can see what's performing well and you're like, How do we improve this?

Matt Edmundson:

What, what you said, Ryan, that I liked, there's two things that I

Matt Edmundson:

wanna dig into a little bit, if I may.

Matt Edmundson:

Um, one was the segment analysis and actually just checking your, um, checking

Matt Edmundson:

your growth against what's going on in your segment, how do you find that data?

Matt Edmundson:

So if I sell to use your example, lip gloss, how do I find the, um, the other

Matt Edmundson:

people in that segment who are also selling lip gloss that are doing over

Matt Edmundson:

500 a month and have more than 300 reviews or whatever the criteria is.

Matt Edmundson:

Um, how is, is that something that Amazon quickly and easily gives you?

Matt Edmundson:

Is there some software that I need to do that?

Matt Edmundson:

Is there some voodoo magic that I need to partake in?

Matt Edmundson:

What, how does it work?

Ryan Flannagan:

Right.

Ryan Flannagan:

So what we do on this is we use a number of third party

Ryan Flannagan:

softwares to do these analysis.

Ryan Flannagan:

Some of these costs, um, over 6 figures a year to be able to get the data, do the,

Ryan Flannagan:

do the analysis, and do those things.

Ryan Flannagan:

Um, unfortunately, Amazon, uh, while it is opening up more and more

Ryan Flannagan:

data on a quarterly basis of this level, historically, has been pretty

Ryan Flannagan:

close to the chest on these things.

Ryan Flannagan:

Right?

Ryan Flannagan:

So what we use is a number of different software suites to basically pull

Ryan Flannagan:

this in in our software stack so we can test, review, launch, uh,

Ryan Flannagan:

build out all these type of things.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, uh, including keyword tracking it and a variety of things like that.

Ryan Flannagan:

So that's part of the secret sauce is the upfront investment of being

Ryan Flannagan:

able to get to the, the software so you can do the analysis to run those.

Ryan Flannagan:

Now on the other side, if you're looking at some of the a plus, uh, split testing,

Ryan Flannagan:

uh, or just split testing in general on Amazon, if you're a brand registered,

Ryan Flannagan:

um, on the platform, and uh, you can typically go into Amazon experiments there

Ryan Flannagan:

and you can run some of these experiments yourself on the back end as well.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

and those have been really helpful.

Ryan Flannagan:

That's something that Amazon launched three to six months ago,

Ryan Flannagan:

and that's kind of relatively new.

Matt Edmundson:

So that's called Amazon experiments?

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Yep.

Matt Edmundson:

Okay.

Matt Edmundson:

So then the, uh, so you find this information out using the, the software

Matt Edmundson:

stack, which is probably realistically where you're gonna need to go speak

Matt Edmundson:

to an agency because you're not, unless you're gonna go and spend crazy

Matt Edmundson:

money on getting the software and figuring it out, why would you do that?

Matt Edmundson:

Right?

Matt Edmundson:

Um, you, you figured out your, um, your segment, you know what's going on there.

Matt Edmundson:

So you're not, you are measuring yourself against how you are performing month

Matt Edmundson:

on month, week on week, whatever it is.

Matt Edmundson:

But you're measuring yourself against how your competitors are performing, which I

Matt Edmundson:

think is super important, Like you say.

Matt Edmundson:

Um, what are some of the things that you, So to the example, I'm selling

Matt Edmundson:

a hundred percent more so I'm happy, but then I realize the industry

Matt Edmundson:

or the segment is grown by 300%.

Matt Edmundson:

So now I'm in full on panic mode.

Matt Edmundson:

Uh, what are some of the things that I need to sort of instantly think

Matt Edmundson:

about here and go, hang on a minute.

Matt Edmundson:

I need to look at this.

Matt Edmundson:

So you've mentioned, for example, split testing your a plus content,

Matt Edmundson:

uh, looking at keywords that convert.

Matt Edmundson:

But what are some of the maybe more obvious things that um, I

Matt Edmundson:

also need to look at if I'm not using an agency like yourself?

Matt Edmundson:

Where, where do, where do a lot of people get it wrong?

Ryan Flannagan:

Yeah.

Ryan Flannagan:

So it's a, not really tracking the conversion data, but then

Ryan Flannagan:

not being aggressive enough, particularly with the ad spend.

Ryan Flannagan:

So where Amazon's significantly different and it's ironic, but we, we

Ryan Flannagan:

find other agencies talking about a cost all the time and talking about

Ryan Flannagan:

lowering aCos and things like that.

Ryan Flannagan:

And that's great cuz if I advertise on your brand, I can get a great aCos.

Ryan Flannagan:

Right.

Ryan Flannagan:

It doesn't mean you're going to grow at all.

Ryan Flannagan:

It means you're defending your brand, but it doesn't mean much more than that.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

What you really need to look at on the Amazon platform is,

Ryan Flannagan:

uh, what we call your taCos.

Ryan Flannagan:

So just quickly, I'm pretty sure your, your whole audience understands

Ryan Flannagan:

what aCos and taCos are, but I'll, I'll give a quick explanation.

Ryan Flannagan:

So, advertising, cost of sale.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

is what you have on that.

Ryan Flannagan:

So that's typically when you look at Row Ads on Facebook ads or

Ryan Flannagan:

Google or anything like that, that's normally what you look at, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, um, similar kind of terms that way.

Ryan Flannagan:

So I, I spend $1, I, uh, sell $4 worth at the four, 400% roll offs, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

or 4X, um, on Amazon.

Ryan Flannagan:

What you wanna look at is not just your aCos, because the more sales

Ryan Flannagan:

you make on Amazon, the higher you organically rank , right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So unlike Google, Google doesn't care if you're making a million

Ryan Flannagan:

sales a day or two sales a day.

Ryan Flannagan:

It's about backlinks and some of these things.

Ryan Flannagan:

Amazon says, Hey, you're making sales.

Ryan Flannagan:

We take a commission on everything.

Ryan Flannagan:

So if you're making more sales, we're gonna rank you higher

Ryan Flannagan:

cuz you got something going on.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So when you look at that, you need to really look at your advertising

Ryan Flannagan:

spend, the organic sales that you made on the platform, okay?

Ryan Flannagan:

Right.

Ryan Flannagan:

So with that, it's the total sales that you've made on the platform,

Ryan Flannagan:

not just advertising sales, and not just organic, but the total sales.

Ryan Flannagan:

So in the case that we've said before, sometimes you'll be spending, let's say

Ryan Flannagan:

$30,000 a month and you'll be making a, let's say, um, $300,000 a month organic.

Ryan Flannagan:

Well, what that is is that's a 10 return on ad spend.

Ryan Flannagan:

Total return on ad spend on the platform.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, I spent 30,000 and I made 300,000.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

overall compared to maybe your pay per click is only giving you 60,000 back.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, so you're like, Oh, I'm spending 30, I'm making a 2x on the aCos side

Ryan Flannagan:

of that, or it's a .50, uh, aCos.

Ryan Flannagan:

That's not the full picture.

Ryan Flannagan:

You need to look at the 10 x you're making on the platform and maybe

Ryan Flannagan:

even get more aggressive on the aCos.

Matt Edmundson:

That's really fascinating.

Matt Edmundson:

So the more you spend, the more you're gonna rank organically, which comes

Matt Edmundson:

down or comes back to the point you, you raised a few minutes ago that actually

Matt Edmundson:

understanding the keywords that then convert, uh, in your paid advertising

Matt Edmundson:

should be added then to your copy, so you start to rank organically with those.

Matt Edmundson:

So it, this becomes a whole big learning environment.

Ryan Flannagan:

Right.

Ryan Flannagan:

Well, and it's, the more you sell, the more you're gonna rank organically, right?

Ryan Flannagan:

Mm-hmm..

Ryan Flannagan:

So spend is definitely a component with that.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, But then again, you don't wanna be spending on things that

Ryan Flannagan:

you're never gonna rank for

Matt Edmundson:

Sure.

Matt Edmundson:

However, So yeah.

Matt Edmundson:

I got, Yeah, yeah.

Matt Edmundson:

Okay.

Matt Edmundson:

I got that wrong.

Matt Edmundson:

Sure.

Matt Edmundson:

Yeah.

Matt Edmundson:

Yeah.

Matt Edmundson:

So the more you sell the, the more you, you're gonna rank organically.

Matt Edmundson:

So is this a case of then with Amazon, there's an old saying, I wish I could

Matt Edmundson:

remember who said it, I genuinely can't.

Matt Edmundson:

Uh, but I've got this phrase in the back of my head that those that can spend

Matt Edmundson:

the most to acquire the customer win.

Matt Edmundson:

Um, is it a case of that being true with Amazon?

Matt Edmundson:

That actually you've gotta go into it with your eyes open a little bit, which

Matt Edmundson:

says, I've, I've got to be prepared to spend on customer acquisition.

Ryan Flannagan:

Um, yes and no.

Ryan Flannagan:

So Amazon looks at conversion rate with everything too.

Ryan Flannagan:

Mm-hmm..

Ryan Flannagan:

So if you are spending too much and you're not making sales, well,

Ryan Flannagan:

they're gonna stop serving your ads.

Ryan Flannagan:

Right.

Ryan Flannagan:

So again, Amazon's really down to what gets us the most money back as mm-hmm.

Ryan Flannagan:

, you know, our overall hypothesis.

Ryan Flannagan:

So if somebody's spending a ton of money but the sales aren't

Ryan Flannagan:

converting, then you're going to start, have to spend more on those ads.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, um, or you're not gonna rank as well, you're not gonna be

Ryan Flannagan:

sticky as far as a rank level.

Ryan Flannagan:

So the major components you have to look at that when you look at your listing

Ryan Flannagan:

and optimization for your listing kind of comes down to a few different components.

Ryan Flannagan:

One is very controllable, and that's what you're listing.

Ryan Flannagan:

And the copy that we have on your listing are mm-hmm.

Ryan Flannagan:

, you control that for the most part.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, um, on those things.

Ryan Flannagan:

The second thing that you need to look at is your reviews if you don't have or

Ryan Flannagan:

star reviews and, um, something close to what's, uh, competing in the market.

Ryan Flannagan:

Um, then you're gonna have a hard time doing sales.

Ryan Flannagan:

And quite frankly, you have to rerun your pay per click campaigns once you

Ryan Flannagan:

kinda hit, hit the each tier, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So we say 30 reviews on average is the first tier.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, you don't wanna be too aggressive on ad spend until you hit 30 reviews because

Ryan Flannagan:

no one's going buy you under 30 reviews.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Unless you have great branding off platform and you know, you're the

Ryan Flannagan:

next big thing that's coming through.

Ryan Flannagan:

Right.

Ryan Flannagan:

So that's the, the first step on that.

Ryan Flannagan:

But then you wanna reanalyze some of those keywords that may not have been

Ryan Flannagan:

converting when you hit a hundred reviews.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, because the conversion rate kind of goes up every tier you hit right

Ryan Flannagan:

in the closer you get with that.

Ryan Flannagan:

Right.

Ryan Flannagan:

So there is kind of a brand or product journey that you go with every

Ryan Flannagan:

time as you're kind of escalating and growing with these things.

Ryan Flannagan:

And a time to reassess the data that you're doing to say.

Ryan Flannagan:

Well, when do we need to do, integrate these keywords?

Ryan Flannagan:

When are they converting?

Ryan Flannagan:

And then when do we need to do ranking strategy around the keywords?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Matt Edmundson: So, uh, this is,

Ryan Flannagan:

your sort of growth driven sort of advertising Amazon, isn't it?

Ryan Flannagan:

Everything's feeding everything else in terms of the data and the learning, uh,

Ryan Flannagan:

and it's sort of constantly going around.

Ryan Flannagan:

And so, um, as you're learning more, you are changing the content on your pages as

Ryan Flannagan:

you're changing the content on your pages, the conversions going at which makes

Ryan Flannagan:

your advertisements spend more effective.

Ryan Flannagan:

And it, it seems to be like you're creating this almost

Ryan Flannagan:

upward spiral, this upward vortex.

Ryan Flannagan:

Have I understood it, right?

Ryan Flannagan:

Yeah.

Ryan Flannagan:

It's the, that's exactly it.

Ryan Flannagan:

So the, the analogy I like to use here is the vast majority of companies are

Ryan Flannagan:

working out like we did in the 80s.

Ryan Flannagan:

Right.

Ryan Flannagan:

Like remember the eighties you'd run, you'd do the stuff, you

Ryan Flannagan:

know, do all that great stuff.

Ryan Flannagan:

But Rocky was going home every night and eating pizza.

Ryan Flannagan:

And Rocky wasn't eating pizza, but we were all going home and eating pizza and we

Ryan Flannagan:

weren't really gaining in better shape.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Right?

Ryan Flannagan:

So you were kind taking the one view of your workout plan.

Ryan Flannagan:

This is how I get, I go to the gym, I work out, I do these type of things.

Ryan Flannagan:

But as we've evolved in this, we say, Hey, diet is kind of important as well.

Ryan Flannagan:

Mm-hmm, right?

Ryan Flannagan:

So, and that would be the listing optimization, the split testing, those

Ryan Flannagan:

type of things because you're working out.

Ryan Flannagan:

But if you're eating well and you're doing protein drinks and you're not eating

Ryan Flannagan:

pizza every day, then you're actually going get shape a lot better and be the

Ryan Flannagan:

best brand out there that you can be.

Matt Edmundson:

That's really, really good.

Matt Edmundson:

I like the rocky analogy.

Matt Edmundson:

Uh, any, any analogy that includes Rocky is a, is a winner in my book.

Matt Edmundson:

Right?

Matt Edmundson:

I'm not gonna lie,

Ryan Flannagan:

Yeah, I probably include the music, but don't,

Matt Edmundson:

Anyway, I shall stop singing there, dear

Matt Edmundson:

listener, because frankly you don't need that in your life now.

Ryan Flannagan:

Well, but that really comes down to the case of

Ryan Flannagan:

what is, you know, like we are, Amazon is evolving market, right?

Ryan Flannagan:

And it's getting more competitive.

Ryan Flannagan:

So you have to train harder.

Ryan Flannagan:

You have to be stronger and you have to have as much data and analysis

Ryan Flannagan:

and try different things to beat out your competitors as much as you can.

Ryan Flannagan:

Right.

Ryan Flannagan:

And that's what we're really seeing.

Matt Edmundson:

Yeah, no, it's, I'm curious, Ryan, I dunno if you actually

Matt Edmundson:

know the answer to this question.

Matt Edmundson:

So you, you will have come across, um, a lot of, uh, a lot of products

Matt Edmundson:

that just aren't selling for whatever reason on Amazon, right?

Matt Edmundson:

So it could be the content.

Matt Edmundson:

They could be, they've not got reviews.

Matt Edmundson:

How much of it is actually down to the product itself?

Matt Edmundson:

Like can you take a rubbish product on Amazon and, and sell it or is it,

Matt Edmundson:

Cuz I'm, I slightly loaded question.

Matt Edmundson:

I'm, I'm of the opinion in e-commerce that's become very complex to do.

Matt Edmundson:

It's much easier to win in eCommerce if you have a product people want to buy in

Matt Edmundson:

the first place Do you know what I mean, that's actually got that kind of demand.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

If you don't have a, a product that gets reviews, and reviews are a whole

Ryan Flannagan:

another conversation on Amazon, right.

Ryan Flannagan:

Um, you're gonna have a really hard time winning.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

If you can't hit keep over or right around that four star mark

Ryan Flannagan:

or above, um, you know, you might wanna pivot and look at another

Ryan Flannagan:

product that, that's essentially it.

Ryan Flannagan:

Uh, you, you're going be significantly handicapped on that.

Ryan Flannagan:

Now if we're talking about the larger question of brands that have really good

Ryan Flannagan:

brand and are pushing that way, Um, then there's another conversation of how Amazon

Ryan Flannagan:

is actually used, um, a as a legitimacy test for people when they're purchasing.

Ryan Flannagan:

Right.

Ryan Flannagan:

So we work with a number of larger brands that yes, wanna be selling on Amazon,

Ryan Flannagan:

but that's not their major concept or what they're really trying to push.

Ryan Flannagan:

They wanna have the best listings up that they can, They wanna have

Ryan Flannagan:

good reviews, but it's really for testing the litmus test.

Ryan Flannagan:

And maybe they're a premium product and they're two times more expensive than

Ryan Flannagan:

the other lip liner on there, right?

Ryan Flannagan:

Uh, for example, and they're going to drive sales on Amazon, but

Ryan Flannagan:

they're never going to be the, the biggest winner on mm-hmm.

Ryan Flannagan:

, right?

Ryan Flannagan:

So in that case, there is a concept of getting your listings up, managing

Ryan Flannagan:

those wells, really doing brand defense so people aren't conquesting

Ryan Flannagan:

and stealing your sales from that.

Ryan Flannagan:

And then choosing your battles of where you can scale on

Ryan Flannagan:

Amazon and where you cannot.

Ryan Flannagan:

Um, and that's really kind of a price premium level because

Ryan Flannagan:

buyers on Amazon are very elastic.

Ryan Flannagan:

Meaning that if something's a dollar less expensive, they're gonna go the

Ryan Flannagan:

thing that's a dollar less expensive.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, if everything else is equal, similar amount of reviews, color, scope,

Ryan Flannagan:

product, those type of things.

Ryan Flannagan:

But when you have a brand that has, uh, brand awareness and those that they'll

Ryan Flannagan:

come to Amazon before purchasing to check the legitimacy of the brand, and

Ryan Flannagan:

then maybe they bounce your website and purchase or then they purchase on Amazon.

Ryan Flannagan:

So to give you a quick example of this, um, again, got Facebook

Ryan Flannagan:

marketing thing, uh, saw a.

Ryan Flannagan:

Um, a mosquito, uh, thing that was developed by a 18, uh, 17 year

Ryan Flannagan:

old in high school and then got 10 millions of dollars of funding and

Ryan Flannagan:

had different light array and killed mosquito for three kilometers around it.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

and so on.

Ryan Flannagan:

Like, Oh, I need this.

Ryan Flannagan:

I hate mosquitoes.

Ryan Flannagan:

Everybody hates mosquitoes.

Ryan Flannagan:

And then I went up and looked up on Amazon, it had two and a half stars.

Ryan Flannagan:

Like, okay, well this is marketing.

Ryan Flannagan:

This, this is hogwash, I'm not touch it.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Right.

Ryan Flannagan:

So there is a place for your Amazon brand.

Ryan Flannagan:

Even if you're not going to go fully on Amazon, uh, there is a place for your

Ryan Flannagan:

Amazon brand on there for legitimacy test.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

And we actually have seen really strong sales for, um, existing brands that have

Ryan Flannagan:

brand awareness, uh, just by gaining on the Amazon platform, doing it well,

Ryan Flannagan:

implementing some of the growth driven advertising, uh, principles, and then

Ryan Flannagan:

really having the kind conversation of this may be just an area that we come

Ryan Flannagan:

in and do pretty strong defense on this.

Ryan Flannagan:

And we will make money.

Ryan Flannagan:

This is never gonna be a $10 million a year product on Amazon because

Ryan Flannagan:

of the price level, but maybe it's a $2 million a year product.

Ryan Flannagan:

Right?

Ryan Flannagan:

So how does that play and where do you go on that?

Matt Edmundson:

That's really interesting.

Matt Edmundson:

I, I've often heard it said that if you, um, if you do Amazon, well, as a

Matt Edmundson:

brand, it does grow your organic traffic to your, excuse me, It does grow the

Matt Edmundson:

traffic to your website, your own personal eCommerce website, which is off Amazon.

Matt Edmundson:

That actually, as you grow on Amazon, your, your eCommerce

Matt Edmundson:

business grows on Amazon as well.

Matt Edmundson:

Is that your experience?

Matt Edmundson:

Is that what you found?

Ryan Flannagan:

Yeah, it's again, very holistic, right?

Ryan Flannagan:

And, and you have some kind of check boxes with that.

Ryan Flannagan:

Quite frankly, if you're, you know, if you have a website, you're in a brand and

Ryan Flannagan:

you're using a Shopify website or any of these other platforms, typically you're

Ryan Flannagan:

doing some form of advertising on that.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. And what happens when people do advertising, because we're

Ryan Flannagan:

getting more and more inundated for product advertising, is

Ryan Flannagan:

they do the legitimacy test.

Ryan Flannagan:

So they go to Amazon, they see if they can buy it, cause they trust

Ryan Flannagan:

Amazon, they trust the return policy.

Ryan Flannagan:

So we actually see it twofolds as a.

Ryan Flannagan:

, even if you don't direct anybody in Amazon, you're gonna start

Ryan Flannagan:

making brand sales on Amazon cuz people are going there.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, but also if you are doing things on Amazon, uh, targeting competitor

Ryan Flannagan:

conquesting, things like that, which you can actually do on Amazon

Ryan Flannagan:

significantly better than any other platform that I'm aware of.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, Uh, for targeting what your competitors are doing if people are buying liked you?

Ryan Flannagan:

Uh, there's a few things.

Ryan Flannagan:

We have Amazon Demand side platform and Nuanced Media cuz we are, uh,

Ryan Flannagan:

working very closely with Amazon.

Ryan Flannagan:

Typically you have to spend about $40,000 a month to even

Ryan Flannagan:

get access to the platform.

Ryan Flannagan:

Um, but we can offer that to some of our clients, uh, underneath our umbrella.

Ryan Flannagan:

Uh, but by doing that you can do a pretty strong conquesting and

Ryan Flannagan:

then track the sales that actually happen on your website as well.

Ryan Flannagan:

Now all ads go to your listing on Amazon, but you can track the sales that way too.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

So, you know, we don't live in a vacuum.

Ryan Flannagan:

Um, and a advertising you do on the platform is going

Ryan Flannagan:

drive sales to your website.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

a uh, advertising you do to your website is going drive sales to Amazon.

Ryan Flannagan:

. Mm-hmm.

Matt Edmundson:

Yeah.

Matt Edmundson:

I remember sitting down with one of the directors here in the UK of Amazon,

Matt Edmundson:

and we were having conversations about all kinds of weird, wonderful things

Matt Edmundson:

in their offices down in London.

Matt Edmundson:

And one of the things that they said to me, uh, I can't remember

Matt Edmundson:

the number they gave me, I wrote it down, I should dig it out.

Matt Edmundson:

But there was a really high percentage of people that went to the Amazon

Matt Edmundson:

website and didn't buy anything.

Matt Edmundson:

They just went to check the reviews.

Matt Edmundson:

And that was, that was, you know, he used the example of,

Matt Edmundson:

you know, you stood in curries or something and you want to buy a tv.

Matt Edmundson:

You don't know if it's any good.

Matt Edmundson:

So you're just like, Well, I'm just gonna go and Amazon that sort of

Matt Edmundson:

search on Amazon for that specific model and I'm gonna read the reviews.

Matt Edmundson:

I want to know what people are saying about that product.

Matt Edmundson:

And then I'm gonna make a decision.

Matt Edmundson:

Well, do I want to buy it here and now from the store?

Matt Edmundson:

Or is it, is it cheaper and easier from Amazon?

Matt Edmundson:

I don't really know.

Matt Edmundson:

But um, , it was a really interesting concept, uh, that, uh, you know, that

Matt Edmundson:

Amazon knew this and they knew a lot of people just went on their site to, to

Matt Edmundson:

check out the reviews of products, right?

Matt Edmundson:

So like you say, if you are on Amazon, if you've got a brand, or we found

Matt Edmundson:

actually as a brand, uh, one of my online businesses wasn't on Amazon, but people,

Matt Edmundson:

our wholesalers had put it on Amazon.

Matt Edmundson:

And so I realized that the more I was spending on paid media to grow our

Matt Edmundson:

website, the more they were selling.

Matt Edmundson:

I'm like, How's that even?

Matt Edmundson:

And then I realized, aha, they're doing Amazon, so I'm, I'm in effect putting

Matt Edmundson:

money into their pocket, as it were.

Ryan Flannagan:

Well, there's, there's a whole another conversation

Ryan Flannagan:

there too, because anybody can sell your products on Amazon.

Ryan Flannagan:

And if you're not on Amazon, what listing is stood up?

Ryan Flannagan:

What value props are they talking about?

Ryan Flannagan:

Are they doing any reputation management whatsoever?

Ryan Flannagan:

Are there are.

Ryan Flannagan:

Um, things that you need to be aware of.

Ryan Flannagan:

It's kind like the old social media conversation that people are

Ryan Flannagan:

having in the mid two thousands.

Ryan Flannagan:

Like, should I be on Facebook or not?

Ryan Flannagan:

And if you're not on there, then people are going be talking about you anyway.

Ryan Flannagan:

It's better to be a part of the conversation.

Ryan Flannagan:

Yeah, right.

Ryan Flannagan:

Um, and that was a big conversation with Twitter back in the day too, particularly

Ryan Flannagan:

on the customer service side of things.

Ryan Flannagan:

So you will find, and we deal with a number of brands are preestablished that,

Ryan Flannagan:

you know, look on Amazon, they're like, we had no clue that all these images were

Ryan Flannagan:

up and these listings we're selling and they're actually saying the wrong things.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, uh, and, uh, elements to that level.

Ryan Flannagan:

So yeah, you, you almost have to have Amazon as a brand defense

Ryan Flannagan:

level and no one likes it, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Um, but it is another thing if you are an established brand, if you're doing

Ryan Flannagan:

things, what to do, and quite frankly, we can run some analyses, find out how

Ryan Flannagan:

many people are searching for your brand, those type of things, and say, is it even

Ryan Flannagan:

viable at this point or is it something you really should not worry about?

Matt Edmundson:

So what would you, uh, I, I guess in some respects is that I'm

Matt Edmundson:

answering my own question here, Ryan, As I'm thinking it in my head, how long's

Matt Edmundson:

a piece of string, but at what point, where, where is that tipping point?

Matt Edmundson:

Where is it that actually it makes sense for you to, to, to be on Amazon?

Matt Edmundson:

That, that sort of the viability, it's like, Yep, let's do this.

Matt Edmundson:

Let's go for it now.

Matt Edmundson:

. Ryan Flannagan: So again, what we

Matt Edmundson:

back to the win-win side, is work closest to the wallet out, right?

Matt Edmundson:

So where's your existing catalog?

Matt Edmundson:

What is your existing catalog and what's doing the most sales on there, right?

Matt Edmundson:

So you don't go in there and try to put up everything just as once, right?

Matt Edmundson:

uh, what you need to do is you need to really target out what are the best

Matt Edmundson:

products for you and then decide to build those out and continue to do that.

Matt Edmundson:

But what I would look at is go on Amazon, depending on uh, your amount of sales.

Matt Edmundson:

If you have a product that's doing over, I'd say 10 to $20,000 of sales

Matt Edmundson:

for your website, it's probably time to really start looking at it cause

Matt Edmundson:

you're really starting to grow on that.

Matt Edmundson:

Um, it could be potentially a time to look at even beforehand

Matt Edmundson:

because, um, Amazon's about 48% of product search in the United States.

Matt Edmundson:

Mm-hmm.

Matt Edmundson:

and Google's about 35% of product search.

Matt Edmundson:

Okay.

Matt Edmundson:

So by just being on Google, you're actually working on a lower marketplace.

Matt Edmundson:

Mm-hmm.

Matt Edmundson:

. Um, but go on Amazon and search yourself and then see who's advertising above

Matt Edmundson:

your brand and see if you can live with them stealing your customers.

Matt Edmundson:

Cuz that's what's happening right now.

Matt Edmundson:

Yeah.

Matt Edmundson:

You're doing advertising.

Matt Edmundson:

Uh, people go, Hey I need this mosquito killer.

Matt Edmundson:

Uh, and I go by my brand and the mosquito killer is a horrible example

Matt Edmundson:

because it is a horrible product.

Matt Edmundson:

. But I need the lip liner.

Matt Edmundson:

Right.

Matt Edmundson:

And then you go look up there and then you see the Lady Gaga lip liner.

Matt Edmundson:

Instead you buy the Lady Gaga one cuz you're not available.

Matt Edmundson:

Mm-hmm.

Matt Edmundson:

, Right?

Matt Edmundson:

It's in, Yeah, it's in, I.

Matt Edmundson:

There is a very definite strategy for, uh, marketers using Instagram, right?

Matt Edmundson:

So you get a product comes upon your Instagram feed buy this product.

Matt Edmundson:

You go to their website, um, and it's usually a company shipping from China.

Matt Edmundson:

You know this because there's no contact information at all on the website.

Matt Edmundson:

Uh, and it'll show you, I'm, I, I can't remember the last example I saw.

Matt Edmundson:

So I'm just gonna go with something off the top of my head, like a head

Matt Edmundson:

torch for hardcore campers, right?

Matt Edmundson:

And they'll show you this image, um, and it's like 30% off for limited time.

Matt Edmundson:

You go to their website and it's like 70 bucks.

Matt Edmundson:

Um, and then you go to Amazon and you search that exact same product and

Matt Edmundson:

it's 30 bucks, uh, and I can get it tomorrow rather than five weeks time.

Matt Edmundson:

There seems to be this strategy, which I still don't understand by

Matt Edmundson:

marketers, obviously, They're just trying to get people on that sort.

Matt Edmundson:

I guess that sort of, uh, you know, that I'm gonna buy right

Matt Edmundson:

now, that impulse buy type thing.

Matt Edmundson:

So I'm always surprised by how much this actually happens.

Matt Edmundson:

Uh, with, with, uh, Instagram, Facebook as a strategy.

Matt Edmundson:

I'm gonna sell a product which is cheap on Amazon, but I'm gonna sell

Matt Edmundson:

it higher for impulse purchasers, maybe with a sexy image or something.

Matt Edmundson:

Um, have you, do you find that, that actually you, obviously you, you focus

Matt Edmundson:

on the other side, you focus on Amazon, you're selling the head torch on Amazon.

Matt Edmundson:

Does this kind of thing help you or not?

Ryan Flannagan:

Um, it actually generates more demand to Amazon and more search.

Ryan Flannagan:

And because of that, if you're the one advertising there,

Ryan Flannagan:

you're the one that organically ranks and you have the reviews.

Ryan Flannagan:

It actually helps because it is driving more traffic because

Ryan Flannagan:

people are like, I didn't even think about buying a head torch.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. Right?

Ryan Flannagan:

Um, and that's like a advertising that somebody else does for marketing.

Ryan Flannagan:

Then they find us organically or CR reviews.

Ryan Flannagan:

They weren't thinking about the email solicitation they just got for Amazon.

Ryan Flannagan:

Um, and then they go, Well, I should probably work with a company

Ryan Flannagan:

that's credible compared to somebody who just emailed me randomly.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

go there and you buy and you do that and it's actually.

Ryan Flannagan:

Another thing that's pretty compelling that's happening in the

Ryan Flannagan:

Amazon space is Amazon's really pivoting to working more with brands.

Ryan Flannagan:

They've really cracked down on, um, the review augmentation and all the

Ryan Flannagan:

fake reviews that were happening, but they're rolling out a whole

Ryan Flannagan:

bunch of features for brands.

Ryan Flannagan:

Um, and one of the things that they're doing to continue to drive the flywheel

Ryan Flannagan:

is if your brand registered, you can basically put in an affiliate Link

Ryan Flannagan:

to your marketing, and depending on the category, you can get up

Ryan Flannagan:

to 10% of the referral feedback.

Ryan Flannagan:

So on Amazon, typical referral fee for the pleasure of being on Amazon is 15%, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, you pay on 15% every time you make a sale.

Ryan Flannagan:

But now if you actually drive to your listing or your store, um,

Ryan Flannagan:

and somebody purchases and you're using that from a, a Facebook or

Ryan Flannagan:

Instagram or any external marketing that you're doing, you'll actually

Ryan Flannagan:

get 10% commissioned back on that.

Ryan Flannagan:

So then Amazon feed.

Matt Edmundson:

That's really interesting.

Matt Edmundson:

Yeah, cuz that was gonna be my next question.

Matt Edmundson:

If I see the guy advertising the head torch on Instagram for twice

Matt Edmundson:

the price, but I actually have the head torch, is there a strategy which

Matt Edmundson:

says actually I can pay to appear on Amazon, You know, I I the Amazon

Matt Edmundson:

search and I'll pay to appear there.

Matt Edmundson:

But should I also think about using Instagram to drive traffic to my Amazon

Matt Edmundson:

listing versus my website listing?

Matt Edmundson:

I've asked this question, a couple of people had varying degrees of,

Matt Edmundson:

uh, response actually on the show about this, so I'm curious to know

Matt Edmundson:

what your thoughts are on it, Ryan.

Ryan Flannagan:

So what we see on the platform in general is Amazon's

Ryan Flannagan:

pretty early on that, and I don't a hundred percent trust the, the

Ryan Flannagan:

data that we're getting for the, the conversion rate or the attribution

Ryan Flannagan:

for the sales on this, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So, um, it's twofold a test, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, try both, right?

Ryan Flannagan:

Um, but what we typically see on the Amazon platform is Amazon has a

Ryan Flannagan:

higher conversion rate in general.

Ryan Flannagan:

When people are shopping on Amazon, they're shopping to buy mm-hmm.

Ryan Flannagan:

. So we'll see a typical a 5x the conversion rate on your Amazon

Ryan Flannagan:

store compared to your website.

Ryan Flannagan:

Okay.

Ryan Flannagan:

Just in general.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Right.

Ryan Flannagan:

So, but the customer lifetime value is significantly lower.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

Cause you don't own the customer data.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

Right?

Ryan Flannagan:

So what we see on your website is the customer acquisition cost

Ryan Flannagan:

is higher, but your lifetime value is significantly higher.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

Right.

Ryan Flannagan:

Cause you cross sell, you uh, do all those things.

Ryan Flannagan:

You have their, uh, email address.

Ryan Flannagan:

You can do look at like audiences, you can do all these other type of things.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So it really depends on where you are in the journey as a a brand.

Ryan Flannagan:

Do you have one product that you're selling?

Ryan Flannagan:

Well then maybe Amazon makes sense cuz you're not cross-selling and

Ryan Flannagan:

doing all those type of things.

Ryan Flannagan:

But if you have, this is the first product in a five step product line Yeah.

Ryan Flannagan:

Then your Shopify site or your website may make more sense of that.

Ryan Flannagan:

But yeah, honestly you have to get up and test both of those.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

to see what happens.

Ryan Flannagan:

That's at the end of what you have to do.

Matt Edmundson:

Very good answer.

Matt Edmundson:

Very, uh, very well balanced answer, Ryan.

Matt Edmundson:

Uh, it's a very good

Ryan Flannagan:

first time.

Ryan Flannagan:

The first time I've ever said about it.

Ryan Flannagan:

I swear.

Matt Edmundson:

Yeah, absolutely.

Matt Edmundson:

Um, so left field, let me ask you maybe a bit of a, an odd question,

Matt Edmundson:

but I'm curious to know the answer.

Matt Edmundson:

So, you know what?

Matt Edmundson:

Tomorrow you wake up, you decide, you know what, I am gonna, I'm

Matt Edmundson:

gonna set up an Amazon business, I'm gonna start selling stuff on Amazon.

Matt Edmundson:

I don't have a product yet.

Matt Edmundson:

Um, and I see this all the time, uh, on Instagram, YouTube ads.

Matt Edmundson:

Like maybe it's just me, the advertised to me, you know, come do my course and we'll

Matt Edmundson:

show you how to make 5 million on Amazon, uh, by selling plastic widgets, which

Matt Edmundson:

you buy from China for 12 pence and you sell 'em for 40, whatever it is, right?

Ryan Flannagan:

No, no beta switch going on there whatsoever.

Matt Edmundson:

Yeah.

Matt Edmundson:

No know, no whatsoever.

Matt Edmundson:

Um, and if it was that easy, forget the course, sell the product, leave me alone.

Matt Edmundson:

Um, but that's another story anyway.

Matt Edmundson:

Um, so you've got that going on, right?

Matt Edmundson:

And you said right at the start, it's not actually that straightforward.

Matt Edmundson:

It's not that simple.

Matt Edmundson:

But obviously there are people who wake up and go, I want to now sell on Amazon.

Matt Edmundson:

How would you approach it if you were a total newbie, right?

Matt Edmundson:

How would you approach this sell on Amazon thing?

Matt Edmundson:

Would you ignore all these courses or are there some that we should think about?

Matt Edmundson:

I'm, whatever, whatever comes to mind.

Matt Edmundson:

I'm just really curious,

Ryan Flannagan:

RIght.

Ryan Flannagan:

So, um, I would probably take a course, just so you understand it, it's, you

Ryan Flannagan:

always start out with education, right?

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, and it doesn't necessarily have to be a course, but watch the videos on it.

Ryan Flannagan:

See the product findings, See, see what they're saying on those levels.

Ryan Flannagan:

But at the end of the day, before you go buy anything, search the

Ryan Flannagan:

term that you think people are going to use when purchasing those

Ryan Flannagan:

and look at the listings, right?

Ryan Flannagan:

Are, are they all really well done?

Ryan Flannagan:

Are there good reviews?

Ryan Flannagan:

Are there good images?

Ryan Flannagan:

Are there video ads?

Ryan Flannagan:

Like where is that and where is that in the competitive Verizon?

Ryan Flannagan:

And then look at the pricing of what they're selling, right?

Ryan Flannagan:

Where I, I think the number one area where people make a mistake is that they

Ryan Flannagan:

don't look at the unit economics, right?

Ryan Flannagan:

And that's one thing that we look at for, we work with a lot of existing brands on

Ryan Flannagan:

Amazon, but if they're the right company and they have the appropriate funding

Ryan Flannagan:

and they want do it, well, then we will help some certain brands launch, right?

Ryan Flannagan:

And the first thing that we look at with that is what are the unit economics

Ryan Flannagan:

and where do you put in, in that price elasticity question on Amazon, right?

Ryan Flannagan:

Um, so you have to take account the, the 15% on average that, uh, they'll,

Ryan Flannagan:

Amazon will charge you as a referral fee depending on your category.

Ryan Flannagan:

And then you have to look at your shipping cost.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, right?

Ryan Flannagan:

What is the going cost to ship as well?

Ryan Flannagan:

And then when you look at those two things, you look at your cogs too

Ryan Flannagan:

and you say, Well, what is my margin at the end of the day based on this?

Ryan Flannagan:

Because a lot of people will go, Oh, that's only selling for 20 bucks.

Ryan Flannagan:

My cogs are five, I'll be great.

Ryan Flannagan:

You know, that's the 75% gross margin.

Ryan Flannagan:

Well, no, cuz you're not digging the 15% in the shipping.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. So your, your gross margin's actually 25% mm-hmm.

Ryan Flannagan:

before you do advertising.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

. And if you do advertising, you know, the first few months before you

Ryan Flannagan:

have reviews, before you have these type of things, you may be at a

Ryan Flannagan:

hundred aCos, you may add 200% aCos.

Ryan Flannagan:

Right now we shoot for your taCos.

Ryan Flannagan:

Typically when you launch your, you know, it's kind of almost a one for one on that.

Ryan Flannagan:

Like I spend $1, I make $1.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

on the platform.

Ryan Flannagan:

Sometimes it's, I spend $3, I make $1 on the platform.

Ryan Flannagan:

And you have to look at those things, um, until you get the reviews and you really

Ryan Flannagan:

can start to build that up and grow.

Ryan Flannagan:

But what we find is gradually you go from that, you know, a hundred percent taCos,

Ryan Flannagan:

let's call it to 50% taCos, to, we have clients that we work with that, um, you

Ryan Flannagan:

know, for every dollar they spend on the platform, they make $20 on the platform.

Ryan Flannagan:

Right.

Ryan Flannagan:

And then we have other clients that are really well brand and not

Ryan Flannagan:

optimized and have big retail level that, you know, for every $1 they

Ryan Flannagan:

spend, they make $85 on the platform.

Ryan Flannagan:

Right.

Ryan Flannagan:

And, and it just depends on where you are in that cycle.

Ryan Flannagan:

But at the bare minimum, if you're thinking about going into this.

Ryan Flannagan:

Run the math first before you invest any real money or mm-hmm.

Ryan Flannagan:

, talk to a genuine agency that will say, This is the deal, this is the investment,

Ryan Flannagan:

this is what you like to look at.

Ryan Flannagan:

What I pretty much recommend for everybody, if you're going launch

Ryan Flannagan:

a product on Amazon, is going to, honestly, at the end of the day, cost

Ryan Flannagan:

you 30 to $50,000 per product and you just have to kind of pencil that in.

Ryan Flannagan:

Right.

Ryan Flannagan:

That's not even counting, That's not even counting, you know, buying the

Ryan Flannagan:

product and doing those type of things.

Ryan Flannagan:

But we have people come to us all the time that wanna do five products.

Ryan Flannagan:

You're like, Well hold up.

Ryan Flannagan:

If you're gonna do five products, then you should pencil in $250,000 to do this.

Ryan Flannagan:

Or maybe we should look at the five products you're looking at.

Ryan Flannagan:

Choose the best winner and then go at that and see what this looks like over a six

Ryan Flannagan:

month period and build out from there.

Matt Edmundson:

So the 30, $50,000 to launch a product, this is

Matt Edmundson:

over a period of say six months.

Matt Edmundson:

Um, and the majority of that fee is going into the paid media to try and figure

Matt Edmundson:

out what it is that you are doing, um, who's buying it, and so on and so forth.

Matt Edmundson:

Is that right?

Ryan Flannagan:

Yes, that's correct.

Matt Edmundson:

Okay.

Matt Edmundson:

That's a really,

Ryan Flannagan:

Now you have to, you know, and that's from the advertising stuff.

Ryan Flannagan:

It also depends on what agency you work with, standing up the

Ryan Flannagan:

listings, doing those type of things.

Ryan Flannagan:

That's, uh, always kind.

Ryan Flannagan:

Uh, uh, people try to commoditize listing building, right, and building

Ryan Flannagan:

your listing and doing the images and all those type of things are not.

Ryan Flannagan:

You don't want to go bargain basement when you're doing those type of things.

Ryan Flannagan:

Mm-hmm, because the images are the number one critical thing

Ryan Flannagan:

that you can have on there.

Ryan Flannagan:

Right.

Ryan Flannagan:

Okay.

Ryan Flannagan:

And the content and those things.

Ryan Flannagan:

So if you try to commoditize that, what you'll end up is you'll end up

Ryan Flannagan:

with, uh, the head torch that doesn't work and breaks after two weeks.

Ryan Flannagan:

Right.

Ryan Flannagan:

Uh, from that side of things.

Ryan Flannagan:

So you really do wanna take your time to build out the best listing based on

Ryan Flannagan:

good keyword research, based on really strong images, because particularly

Ryan Flannagan:

when you don't have reviews, you have to look better than everybody else.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

and look more of a premium brand and out those ways.

Ryan Flannagan:

So those are things that you just need to think about when kind

Ryan Flannagan:

of going through this process.

Matt Edmundson:

So what, uh, I, again, I appreciate, this

Matt Edmundson:

is a very open ended question.

Matt Edmundson:

Uh, but if you were gonna start today on Amazon, what sort of

Matt Edmundson:

products would you look at?

Matt Edmundson:

What sort of products would you avoid?

Ryan Flannagan:

Yeah, um, so.

Ryan Flannagan:

So there's big winners, right?

Ryan Flannagan:

So cosmetics and supplements are very, very competitive markets

Ryan Flannagan:

on those, but you typically have higher lifetime values, right?

Ryan Flannagan:

Mm-hmm, so supplements, and everybody's been golden going after

Ryan Flannagan:

that golden goose for a long time.

Ryan Flannagan:

Um, but like I'll tell you, like elderberry keyword, you know,

Ryan Flannagan:

the average price on that's like $17 and the cost per click is $9.

Ryan Flannagan:

Wow.

Ryan Flannagan:

Right?

Ryan Flannagan:

So unless you're really converting on that, you're, you're losing money.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, right?

Ryan Flannagan:

You really have to have a offsite strategy with that.

Ryan Flannagan:

So, What I would look at, and you can tell because like you look for elderberry

Ryan Flannagan:

gummies and you'll see that everybody up there has 2000, 3000, 4,000 reviews.

Ryan Flannagan:

Mm-hmm..

Ryan Flannagan:

What I'm doing this on the level is I'm looking for something that a matches the

Ryan Flannagan:

unit economics, kind of running through the formula that I talked about earlier,

Ryan Flannagan:

but also has a longer lifetime value.

Ryan Flannagan:

Right.

Ryan Flannagan:

Something that people come back and repurchase that will work on subscribe

Ryan Flannagan:

and save and doing those type of things because it's significantly

Ryan Flannagan:

harder to win on the platform where you spend that much for customer

Ryan Flannagan:

acquisition and then they go away.

Ryan Flannagan:

Mm-hmm..

Ryan Flannagan:

Cause then it's like every time I'm just rinsing or repeating

Ryan Flannagan:

the same type of thing compared to like, Hey, I got somebody.

Ryan Flannagan:

I love these razor blades.

Ryan Flannagan:

You're my razor blade guy.

Ryan Flannagan:

I'm gonna buy razor blades from you for the next five years.

Ryan Flannagan:

And then your customer acquisition is great because I'm willing to spend

Ryan Flannagan:

two times the cost of the razor blade.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

to get somebody to buy because I know they're gonna be with me

Ryan Flannagan:

for the next two to three years.

Matt Edmundson:

Yeah.

Matt Edmundson:

Very good.

Matt Edmundson:

Very, very helpful.

Matt Edmundson:

Ryan.

Matt Edmundson:

Listen, I'm aware of time, so let me ask you my, uh, my

Matt Edmundson:

new favorite question, right?

Matt Edmundson:

Uh, as you know, the eCommerce cohort is the sponsor for today's podcast.

Matt Edmundson:

So you're in a hotel, you've just delivered a keynote speech to all the

Matt Edmundson:

eCommerce cohort dudes who've got together for their annual get together, the Shin

Matt Edmundson:

dig, the Soiree, uh, and you've been talking about all this stuff on Amazon.

Matt Edmundson:

The crowd's going wild.

Matt Edmundson:

It's going absolutely crazy.

Matt Edmundson:

Um, and so you kind of go on stage, you take your bow and it's like, listen, I

Matt Edmundson:

would just like to thank dot, dot, dot.

Matt Edmundson:

Who do you thank and why?

Matt Edmundson:

Is it a person?

Matt Edmundson:

Is it a mentor?

Matt Edmundson:

Is it a podcast?

Matt Edmundson:

Is it a book?

Matt Edmundson:

Who, who, who springs out?

Ryan Flannagan:

Um, it would really have to be the people on Nuanced Media

Ryan Flannagan:

who've been through this journey with me.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, I mean, we've been around 12 years and the people really helped me

Ryan Flannagan:

build the brand and grow from that.

Ryan Flannagan:

Um, doing the day in, day out activity and really kinda helping this dream

Ryan Flannagan:

come to life and continuing to do that.

Ryan Flannagan:

Um, the other people, that person I like to really thank is, uh,

Ryan Flannagan:

obviously my wife and daughter for dealing with me all the time while,

Ryan Flannagan:

while I'm working on these things.

Ryan Flannagan:

But then, um, my mother and my uncle, who are both, uh, entrepreneurs

Ryan Flannagan:

in their own level, put out their own shingle, developed it,

Ryan Flannagan:

had a dream and made it happen.

Ryan Flannagan:

Um, so that would be the shortlist.

Matt Edmundson:

Oh, wow.

Ryan Flannagan:

I heard the Oscar music in the background,

Ryan Flannagan:

so I'm trying to keep it short.

Matt Edmundson:

Yes, absolutely.

Matt Edmundson:

That's really interesting.

Matt Edmundson:

It's what fascinates me is I've started asking this question.

Matt Edmundson:

Every uh, husband that comes on the show automatically says, Oh,

Matt Edmundson:

obviously my wife, uh, for putting out with me, which is the standard

Matt Edmundson:

response, which still makes me smile.

Matt Edmundson:

And I think in 10 years time, I'll still be smiling at that answer just

Matt Edmundson:

because obviously I'm in the same boat..

Matt Edmundson:

Um, it's interesting you mentioned your mum and uncle though.

Matt Edmundson:

Uh, so have you come from an entrepreneurial sort

Matt Edmundson:

of family and background?

Ryan Flannagan:

Yeah, yeah.

Ryan Flannagan:

Uh, my mother's a psychotherapist.

Ryan Flannagan:

She's been practicing for 35 years at this point and put out

Ryan Flannagan:

her own shingle a long time ago.

Ryan Flannagan:

Mm-hmm..

Ryan Flannagan:

And then, uh, my uncle works with Veterans Law before it was legal to even

Ryan Flannagan:

represent veterans and get paid for it.

Ryan Flannagan:

Um, VA does not great things for our American veterans, and he

Ryan Flannagan:

kind of founded that type of law.

Ryan Flannagan:

Oh, wow.

Ryan Flannagan:

And, and you know, so, and they've been both greatly successful.

Ryan Flannagan:

So they, uh, gave me, encouraged me to be delusional enough to start my own company.

Matt Edmundson:

So that's such a great, That's, that's almost

Matt Edmundson:

a brilliant epitaph, isn't it?

Matt Edmundson:

Uh, here lies delusional enough to start his own business.

Matt Edmundson:

I quite like that.

Matt Edmundson:

That's, um, that's brilliant.

Matt Edmundson:

And I was thinking your mum's a psychotherapist, so do you feel like,

Matt Edmundson:

uh, if you say something, she's kind of analyzing what's going on all the time?

Matt Edmundson:

Or is it,

Ryan Flannagan:

Oh, we're, we're way beyond that.

Matt Edmundson:

There's some people that are beyond help.

Matt Edmundson:

Right.

Matt Edmundson:

So the way it works, So you, um, One of the things to mention is,

Matt Edmundson:

uh, I, I came across, um, your book, The, uh, Marketing is Dead.

Matt Edmundson:

Long Live Marketing book, which you wrote in 2019.

Matt Edmundson:

Now, this is a, you mentioned this is more of a B2B book about inbound marketing.

Matt Edmundson:

Right.

Matt Edmundson:

Um, and I guess my question here is, uh, given that you are an author, you

Matt Edmundson:

talk a lot about marketing B2B inbound.

Matt Edmundson:

Um, obviously you've talked a lot about Amazon.

Matt Edmundson:

Since the pandemic, would anything in that book change?

Ryan Flannagan:

Um, so let me just be very clear.

Ryan Flannagan:

So Nuanced Media, all we do is eCommerce, Amazon, that that's all we focus on.

Ryan Flannagan:

And the funny thing with this book is I probably started two years

Ryan Flannagan:

before it actually got published, so this was a longer thing that we were

Ryan Flannagan:

kind of working in the background.

Ryan Flannagan:

Um, the compelling thing with business to business practices is they really apply

Ryan Flannagan:

a lot in the consumer D to C side too.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, because it is about building trust, building credibility.

Ryan Flannagan:

Doing these type of things, but particularly more paired

Ryan Flannagan:

to more expensive products.

Ryan Flannagan:

So if you're going to go out and spend, let's say $2,000 on a telescope, it's

Ryan Flannagan:

actually more of a B2B engagement.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

than is a D to C typical engagement when you're buying lip liner for $10.

Ryan Flannagan:

Yeah.

Ryan Flannagan:

Right.

Ryan Flannagan:

Because you do your research, you look at reviews, you need

Ryan Flannagan:

to make sure it's the best.

Ryan Flannagan:

All these type of things.

Ryan Flannagan:

So that's something that I think would be very interesting is Highline in that book

Ryan Flannagan:

more how this pairs to high value items.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, uh, in Amazon and on Google on your website, compared to just looking at

Ryan Flannagan:

the B2B side because quite frankly, B2B sales are more about risk than

Ryan Flannagan:

anything because somebody's job may be on the line, finding the right

Ryan Flannagan:

company, doing these type of things.

Ryan Flannagan:

Um, and that's quite frankly why we built out this kinda

Ryan Flannagan:

partner network at Nuanced Media.

Ryan Flannagan:

We're not a good fit for somebody, so we can help people still make the

Ryan Flannagan:

good decision by companies that's actually been doing this for a while

Ryan Flannagan:

and has vetted a whole bunch of providers on this to make sure you are

Ryan Flannagan:

not, um, having the issue with this.

Ryan Flannagan:

Um, but with this part of it, it is about looking at how higher valued

Ryan Flannagan:

items go through that customer journey, um, and how it really pairs to that.

Ryan Flannagan:

So that's something that I probably would've added to the book when

Ryan Flannagan:

looking at, on that side of things.

Matt Edmundson:

Yeah, it's, it is interesting, isn't it?

Matt Edmundson:

I mean, I, I remember when we started the eCommerce podcast, we, it was called

Matt Edmundson:

the Curiosity Podcast, I think originally back in the day before I changed the name.

Matt Edmundson:

Um, and I remember one of our very first guests on the show

Matt Edmundson:

was a lady called Chelsea Cohen.

Matt Edmundson:

Uh, and she, the title of the podcast was How to Sell a $6,000 Sweater Online.

Matt Edmundson:

Right?

Matt Edmundson:

And I was like, Who in the world is gonna spend six grand on us?

Matt Edmundson:

Apparently there's a lot of people that will spend six grand on a

Matt Edmundson:

sweater, but let's not go into that.

Matt Edmundson:

And it's, it was interesting cuz you're, what you're saying is actually, if

Matt Edmundson:

you are in that field, that sort of luxury and that high end, then actually

Matt Edmundson:

some of these more B2B principles do apply and you should be aware of them

Matt Edmundson:

in terms of the customer journey and understanding the customer journey.

Matt Edmundson:

Um, and that's what she talked about.

Matt Edmundson:

And I'd say it's interesting, isn't it, how these sort of

Matt Edmundson:

things call form come full circle.

Matt Edmundson:

So, uh, so are you gonna update the book or are you just gonna leave it or have

Matt Edmundson:

you got another book in the pipeline?

Matt Edmundson:

Like how to Kill It on Amazon?

Ryan Flannagan:

Yeah.

Ryan Flannagan:

So we're working on a number of things internally on this right now.

Ryan Flannagan:

You can check out our blog.

Ryan Flannagan:

There's a ton of blogs out there.

Ryan Flannagan:

We publish, you know, twice a week.

Ryan Flannagan:

I, I pretty much write quite, quite a bit on those type of things.

Ryan Flannagan:

But, uh, the blog, I mean, the next book I'm probably gonna vet for, I, I

Ryan Flannagan:

have some ideas that I'm entertained.

Ryan Flannagan:

I'm not willing to say anything at this point, Matt.

Ryan Flannagan:

Okay.

Ryan Flannagan:

Okay.

Ryan Flannagan:

Stay tuned on that level.

Matt Edmundson:

Done bud when you write the book, come back on the show

Matt Edmundson:

and let us know what it's all about.

Matt Edmundson:

You know how to kill it on Amazon.

Matt Edmundson:

You heard it here first, ladies and gentlemen.

Matt Edmundson:

so listen

Ryan Flannagan:

But the problem that we see with books that to be very

Ryan Flannagan:

candid, is that in the d to C space, things are changing so quickly.

Ryan Flannagan:

Mm-hmm, right?

Ryan Flannagan:

Like, B2B principles are kind of historic and they stay that way.

Ryan Flannagan:

There, there is, uh, you know, Prospects first leads, how you

Ryan Flannagan:

qualify, how you get the men, thought leadership, all these type of things.

Ryan Flannagan:

But what we see in uh, you know, execution on Shopify or Amazon

Ryan Flannagan:

or any of these things is just changing dynamically on a day to day.

Ryan Flannagan:

So I don't know if the book model to be some ways is that outdated level there.

Ryan Flannagan:

There's arguments that classic college education's outdated as well

Ryan Flannagan:

because things are changing so quickly and I don't know if that doesn't

Ryan Flannagan:

necessarily apply to the book as well.

Matt Edmundson:

Yeah.

Matt Edmundson:

One of the things I've noticed about the podcast is obviously you, you see

Matt Edmundson:

the stats and you see which episodes do well and there are some episodes which

Matt Edmundson:

come out and they do well straight away.

Matt Edmundson:

And there are some episodes which do well over a period of time.

Matt Edmundson:

There are people still down downloading certain episodes.

Matt Edmundson:

From two, two and a half years ago because they're kind of the,

Matt Edmundson:

what they call evergreen content.

Matt Edmundson:

It seems to be always constantly relevant.

Matt Edmundson:

Uh, which is, I think, hard to do with e-commerce.

Matt Edmundson:

I mean, some of it's pretty, you know, there are some standard principles,

Matt Edmundson:

but even in markets that change a lot, there's still some, some sort

Matt Edmundson:

of, some consistencies aren't there.

Matt Edmundson:

And I find, I find the whole thing really fascinating in terms of

Matt Edmundson:

what works right now and what's gonna work in a few years time.

Matt Edmundson:

You just, you never know, you know, in terms of the content that we put out.

Ryan Flannagan:

Well, and, but something that I always get is like, if you

Ryan Flannagan:

don't have your fundamentals down, don't worry about the bright new thing.

Ryan Flannagan:

And that's the one thing I have to say that I believe nuanced

Ryan Flannagan:

probably does better than everybody else, is we get your fundamentals

Ryan Flannagan:

down to where they really need.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

before you start playing with the new cute thing that may work or may not work

Ryan Flannagan:

because you have a lot of people doing it packed to go back that old, the old.

Ryan Flannagan:

Uh, Shopify thing that I said at the beginning, Hey, I need to run

Ryan Flannagan:

a million dollar ad campaign on Google, but my website's taking

Ryan Flannagan:

five to 10 seconds to load.

Ryan Flannagan:

Mm-hmm.

Ryan Flannagan:

, right?

Ryan Flannagan:

You need to make sure that those things are really taken care

Ryan Flannagan:

of first before you do that.

Ryan Flannagan:

So if you're fundamentals aren't good, if you don't have good reviews, you don't

Ryan Flannagan:

have a good product listening, you're not analyzing, you're not tracking, then

Ryan Flannagan:

any bright, new, shiny thing that you're going to do isn't going to work for you.

Ryan Flannagan:

And we honestly find on Amazon and other platforms that the vast

Ryan Flannagan:

majority of competitors are not doing it to the level that they need to

Ryan Flannagan:

be doing it to be on this new age.

Matt Edmundson:

There's a mic drop moment right there, isn't there?

Matt Edmundson:

So, uh, if you are in effect, if you take it then if you are on Amazon

Matt Edmundson:

and you're planning, doing some kind of strategy, the advantage at the

Matt Edmundson:

moment is not everyone's on there.

Matt Edmundson:

There are a lot of things which are competitive, but most of them aren't

Matt Edmundson:

doing what they need to do for.

Matt Edmundson:

For the, for the long term, for, for winning on Amazon, the, the growth

Matt Edmundson:

driven strategy, which you talked about.

Matt Edmundson:

And that's where the opportunity is right now.

Ryan Flannagan:

Correct.

Ryan Flannagan:

And in fact, we've put out a guide that you can download

Ryan Flannagan:

at our site@nuancedmedia.com.

Ryan Flannagan:

It's a growth driven kind of strategy, Amazon growth driven strategy guide.

Ryan Flannagan:

Uh, and you can go on there, It'll pop up after you're on

Ryan Flannagan:

the site for about five minutes.

Ryan Flannagan:

That kind of goes over some of these key principles, what we see and really

Ryan Flannagan:

how you should be focusing on some of the things that we actually covered

Ryan Flannagan:

in this, uh, conversation today.

Matt Edmundson:

Yeah.

Matt Edmundson:

Fantastic.

Matt Edmundson:

So dude, download that free guide from nuancedmedia.com.

Matt Edmundson:

How do people reach you?

Matt Edmundson:

How do people connect, Ryan, if they want to reach out, know more, connect?

Ryan Flannagan:

Sure.

Ryan Flannagan:

I'm on LinkedIn, I'm on Twitter, I'm on, uh, I got email.

Ryan Flannagan:

I, I got all the things, but primarily ways to reach out, uh,

Ryan Flannagan:

is through the website directly or through Twitter and LinkedIn.

Ryan Flannagan:

I'm probably the most active on LinkedIn, although Matt and I kind of talked about

Ryan Flannagan:

this, uh, my, uh, please don't judge me for my Twitter presence at this point.

Ryan Flannagan:

Uh, we've been growing pretty quickly here at Nuanced Media and I've

Ryan Flannagan:

prioritized maintaining our long term relationships with our active clients

Ryan Flannagan:

compared to, uh, you know, social media posts and those type of things.

Matt Edmundson:

Yeah, yeah.

Matt Edmundson:

No, I'm with you.

Matt Edmundson:

But don't judge me on my Twitter feed either.

Matt Edmundson:

Uh, it's just, it's not helpful.

Matt Edmundson:

It's, Yeah.

Matt Edmundson:

I'm more than my Twitter feed.

Matt Edmundson:

I, I feel like I, you know, that's, that's maybe a book I should write,

Matt Edmundson:

Why I'm more than my Twitter feed.

Matt Edmundson:

Sure.

Matt Edmundson:

Uh, listen, it's been great to talk to you, Ryan, and of course we will link

Matt Edmundson:

to Ryan's LinkedIn, his Twitter, his websites, get the, the, the strategy

Matt Edmundson:

guide, all that sort of stuff you'll find in the transcripts and show notes,

Matt Edmundson:

which are available on the eCommerce podcast website, ecommercepodcast.net.

Matt Edmundson:

So there you have it.

Matt Edmundson:

Uh, my conversation with Ryan.

Matt Edmundson:

Thanks again Ryan, for joining me.

Matt Edmundson:

It's been an absolute treat and a pleasure bud.

Matt Edmundson:

And, uh, great to have you on the show.

Matt Edmundson:

Uh, big shout out again to today's show sponsor the eCommerce cohort.

Matt Edmundson:

Do head over to ecommercecohort.com.

Matt Edmundson:

For more information about this new type of eCommerce community that

Matt Edmundson:

you can join, be sure to follow the eCommerce podcast wherever you get

Matt Edmundson:

your podcast from because we've got some great conversations lined up and

Matt Edmundson:

I don't want you to miss any of them.

Matt Edmundson:

And in case no one has told you today, you my friend are awesome, utterly awesome.

Matt Edmundson:

It's just a burden we all have to bear.

Matt Edmundson:

Can I get an Amen, Ryan?

Ryan Flannagan:

Amen.

Ryan Flannagan:

Hallelujah.

Matt Edmundson:

That's just the way it is.

Matt Edmundson:

Now, the e-Commerce podcast is produced by Aurion Media.

Matt Edmundson:

You can find our entire archive of episodes on your favorite podcast app.

Matt Edmundson:

The team that makes this show possible is Sadaf Beynon, Josh Catchpole,

Matt Edmundson:

Estella Robin and Tim Johnson.

Matt Edmundson:

Our theme song has been written by Josh Edmundson and My Good Self.

Matt Edmundson:

As I mentioned, if you'd like to read the transcript or show notes,

Matt Edmundson:

head over to the ecommercepodcast.net website where you can also sign up

Matt Edmundson:

for our newsletter, coincidentally.

Matt Edmundson:

So that's it for me.

Matt Edmundson:

That's it from Ryan.

Matt Edmundson:

Thanks for joining us this week.

Matt Edmundson:

Have a fantastic week wherever you are.

Matt Edmundson:

I will see you next time.