Absolutely stay tuned right to the very end because this
Speaker:is the time when people quit. Consumers in the US particularly love
Speaker:to buy on Amazon because if they're also going to go to the affiliate marketer's
Speaker:landing page, they may not trust it. Don't not do deals because
Speaker:you think they're going to be bad because sometimes you just don't know. And I'm telling
Speaker:you, there are brand owners out there who want to be helped. Stop
Speaker:what you're doing. Listen to what I'm about to tell you because I only tell
Speaker:this information to my private paying clients. This
Speaker:is the thing. I'm Matthew Fraser and
Speaker:this is Amazon Ecom Secrets. I'll be
Speaker:sharing with you the secrets that helped me go from millions in debt
Speaker:to an eight-figure entrepreneur. If you're ready to escape the
Speaker:nine-to-five and live life on your terms, let me show
Speaker:you the way. I'm going to be talking about the deals that
Speaker:I would do again and the deals that I would not do again and what
Speaker:you can learn from each scenario. And I
Speaker:tell you what, you must stay for this whole episode because there's going to
Speaker:be information I'm going to be giving away in this episode that you
Speaker:will just not get anywhere else. I've never heard it before and
Speaker:it could be the difference between you doing eight
Speaker:figures a year and maybe doing five figures a year. So absolutely
Speaker:stay tuned right to the very end. Now let me start with the
Speaker:deals that I would do again, but what I learned from them. And
Speaker:so it's my main product that I currently still sell. It's in
Speaker:the healthcare niche. And I'm gonna tell you the story and
Speaker:the enlightening thing that came to me during
Speaker:this process that I thought, wow, but it's only now that I know about
Speaker:this, right? It's only years down the track that I look back and think, far
Speaker:out, man, I'm lucky. Lucky I stayed with it because my
Speaker:mindset was different back then. So what
Speaker:happened was, I have an exclusive agreement with a
Speaker:medical healthcare product. And at the time I
Speaker:was selling it, and I'm still selling it of course, but at the time I was only selling
Speaker:it through Amazon and Shopify in the
Speaker:US. And I had exclusive distribution simply
Speaker:for Amazon. And when I
Speaker:was selling through, before I even got into Shopify, I was selling just
Speaker:in Amazon and then I got suspended. And
Speaker:that was a huge wake-up call. I was like, holy shit, I
Speaker:did not expect that coming. Because when you're doing these Amazon training
Speaker:programs that you sort of, most people go through when they're going to start on Amazon,
Speaker:you're told, you're sort of not told the bad things. You're told the
Speaker:good things like, hey, you just ship it into Amazon and
Speaker:they just sell it for you and you don't have to do anything. And that's partly
Speaker:true, but Amazon has so much control over
Speaker:your business, like it's not funny. And you've got all these metrics that you have
Speaker:to meet, like you can't make your customer return rate go high,
Speaker:you've got to have good reviews and ratings and all sorts of things. not
Speaker:to mention all the hoops you've got to jump through just to even get into the
Speaker:platform. So yes, I see it's good for the consumer, but very,
Speaker:very difficult for sellers. But that's not to say that you shouldn't do
Speaker:it. It just means you've got to, it's not, it's not just easy. Okay.
Speaker:You've got to apply some action and have
Speaker:knowledge to get into the system. So here I am, I'm selling
Speaker:on, on Amazon. They've now suspended me. I'm like freaking out thinking, holy
Speaker:shit, this is, this is not good. And it was at
Speaker:that moment too that I remember thinking, This is
Speaker:the time when people quit because I
Speaker:had about, I think at the time, maybe $50,000 of stock
Speaker:sitting in the Amazon warehouse. I'm thinking, shit, I can't
Speaker:even sell this now. How am I going to sell it? And little did I
Speaker:know at the time, But I then had
Speaker:to seek advice from other people who, you
Speaker:know, how do I get out of this shit? Yeah. And then I found a
Speaker:company called Amazon Sellers Lawyers, right?
Speaker:And that was like, holy shit, this is so bad in
Speaker:the Amazon space of people getting suspended or
Speaker:their listings, the listings or accounts getting suspended. They're two different things.
Speaker:And it's so full on that there's
Speaker:a whole company in America, and there's
Speaker:multiple companies, but there's a company in America and their sole purpose is
Speaker:to help Amazon sellers fight Amazon and
Speaker:put together what they call plan of actions or submissions to
Speaker:try or appeal letters to get back onto Amazon. Now, the
Speaker:problem with it too is that it costs dollars, right? You can
Speaker:imagine you're going to sign up these Amazon seller's lawyers. I
Speaker:think back then I probably paid somewhere
Speaker:between $3,000 to $5,000 US dollars to try and get
Speaker:my Amazon listing back up and running. And Luckily
Speaker:for me, it got back up and running, I think within about
Speaker:a month, but it was a month of sheer panic. I'm
Speaker:fairly new to Amazon. I'm thinking everything's fantastic. And
Speaker:then all of a sudden, bang, you're not making any sales anymore. But
Speaker:this was the light bulb moment for me, was like, wow, I
Speaker:can't have all my eggs in one basket. That's
Speaker:a big no-no, right? And so what I did is I
Speaker:was then looking, look, I thought this, if people are coming
Speaker:to Amazon and buying the product, then I wonder
Speaker:if I was to put Facebook ads in front of them, drive them
Speaker:to my own website, if they would also buy the product. So
Speaker:that was my train of thought. So I started frantically finding people
Speaker:who could like build, and at the time it wasn't even Shopify, it was actually ClickFunnels that
Speaker:was the very first platform I started to use to sell my
Speaker:product off the Amazon marketplace. And I used Facebook ads
Speaker:and into ClickFunnels to make the sales. And
Speaker:guess what? People started buying the product. So
Speaker:I'm now doing all these Facebook ads. I was learning it myself, which ultimately I
Speaker:ended up outsourcing to a Facebook marketing team,
Speaker:ads team, and things were great. So at this point, I'm
Speaker:now selling through Amazon because it's now back up and running, and I'm now
Speaker:selling through ClickFunnels. Look, it
Speaker:took time to scale up, but it's got to the point where I was doing about half a
Speaker:million dollars off the Amazon marketplace, as well
Speaker:as the Amazon marketplace. And in
Speaker:the heydays of Amazon, when it was really, really
Speaker:pumping, it was like $700,000 to $800,000 US a
Speaker:month on Amazon alone. And then my ClickFunnels was
Speaker:doing something like half a million dollars a month
Speaker:US. So it was totally insane. And I thought things
Speaker:were great then. So this was something that was really bad
Speaker:that happened to me, but ultimately turned out to be
Speaker:a good thing because it enabled me to see what other opportunity
Speaker:was there. So it was ultimately good.
Speaker:But I can see though that that was the time when most people fail. And
Speaker:why Most people won't push through they'll simply pack up
Speaker:the bags because think about that money they may have had to spend $5,000 in
Speaker:legal costs without Knowing that it was even going
Speaker:to get up. Yeah, because there's no guarantees of course when you deal with these Amazon lawyers
Speaker:So now let's move to now this specific time.
Speaker:I remember I was in the Gold Coast and I was at a hotel and holidaying with my
Speaker:wife and And then I
Speaker:get this phone call from, and I think it was the owner of the healthcare company,
Speaker:and something had come up where all of a sudden, I
Speaker:found out that the owner of the healthcare company, now
Speaker:follow me here, was now selling the
Speaker:medical, or the healthcare product, in the US marketplace.
Speaker:Now, he was always allowed to do that because remember, I only had exclusive
Speaker:distribution for the Amazon marketplace only at
Speaker:that time, not the entire country. But
Speaker:what I found out though was he was selling the product and undercutting my
Speaker:price. And they were doing a deal. It was like, buy
Speaker:three for the price of two and buy five
Speaker:for the price of three. And I hit
Speaker:the roof. I could not believe it. And he hadn't informed
Speaker:me this was going to happen. And my
Speaker:whole business ethics is basically built
Speaker:on trust and honesty. That's how I like to operate. An
Speaker:open book. moving
Speaker:in the same direction, particularly with the manufacturer and owner of the business, with
Speaker:myself. Because we're on the same team here. We want to make sales, right? I rely on
Speaker:him to keep producing products. He relies on me to keep selling the products. But
Speaker:to then have him come around the back door and start selling this
Speaker:product less than what I was selling it for in the Amazon marketplace, let's
Speaker:just say I wasn't too happy about it. So I get on the phone to him and said
Speaker:a few words in a very diplomatic way. And
Speaker:sort of life just kept rolling on. And sort of
Speaker:one week passed, then two weeks, and then something happened. I
Speaker:started to notice that my Amazon sales were
Speaker:increasing. I thought, this is interesting. and
Speaker:then literally increase more and more. And I'm
Speaker:not doing it because it's not because of me. I'm not spending more money on ads
Speaker:within the Amazon marketplace. I'm not doing any more ads in Facebook.
Speaker:It was just this sort of organic thing that was happening within
Speaker:Amazon. The sales are going up. And subsequently too,
Speaker:my ClickFunnels sales through Facebook ads, they
Speaker:also started to go up. And I'm scratching my head like,
Speaker:why? Now this is
Speaker:the ultimate bit of information. If you're doing
Speaker:anything, if you're driving, if you're riding your bike, listening to
Speaker:this, or if you're sort of like watching it on YouTube while you're working, stop
Speaker:what you're doing and listen to what I'm about to tell you. Because I
Speaker:only tell this information, and I've only told this information to
Speaker:my private paying clients. Yeah, my
Speaker:mentorship clients. They're the only people I've told. So I'm going to give you this information
Speaker:now. Are you ready? This is the thing. When
Speaker:you're signing up a distribution agreement, ultimately, you
Speaker:must ensure that you hold the Amazon marketplace,
Speaker:okay? What's happening in this situation is
Speaker:that the owner of the company was doing
Speaker:affiliate marketing. You need to say to me, what's affiliate marketing? He
Speaker:was using an affiliate marketing company to
Speaker:sell his products. So the company, the affiliate marketing company,
Speaker:holds the product in a warehouse in the US and
Speaker:they get other people to market the product through
Speaker:their email list, through Facebook ads, through YouTube ads,
Speaker:you name it, okay? And what happened
Speaker:was this company had brought in a
Speaker:ton of affiliates. So now what you've got, in this situation
Speaker:now, you've got, I don't know how many exactly, but let's say a
Speaker:lot of affiliates marketing this
Speaker:healthcare product on a range of platforms within
Speaker:the US. This then caused a
Speaker:halo effect. So here's how it
Speaker:worked. People were seeing the ads that the affiliates were doing, whether
Speaker:it was YouTube, Google, Facebook, email
Speaker:list. They would then, because the traffic would
Speaker:be driving to a website. But
Speaker:here's the thing, not everybody who lands on that website for the
Speaker:affiliate marketing ad buys the product. In
Speaker:America, In the US, they love
Speaker:Amazon. They love it, okay? Now, if you're listening to this and you're in
Speaker:Australia, you probably haven't caught on yet, right? Because it hasn't been
Speaker:built, ingrained into our psyche yet that we have to
Speaker:go to Amazon. But in America, they freaking love it. Their
Speaker:default setting is they go to the Amazon marketplace. So
Speaker:what was happening, they were seeing the ad made by the affiliate. They
Speaker:may have even gone to the landing page, which was
Speaker:essentially where the affiliate is going to make the sales. But
Speaker:instead of buying it there, they went to Amazon and typed in
Speaker:the product name. Bom, bom, bom, bom. And guess what? That's
Speaker:when my product is the same product, but it's straight up on Amazon. And
Speaker:people then bought from Amazon. And that's ultimately why
Speaker:my sales started to go through the roof by
Speaker:me doing absolutely nothing. So imagine this, you've
Speaker:now just got free traffic coming to your Amazon marketplace
Speaker:to make sales. and it's 100% profit, right?
Speaker:Because I'm not spending any money on ads, you see? Now, the
Speaker:other thing is because of retargeting, my Facebook ads
Speaker:were attracting those consumers who
Speaker:were finding the affiliate marketers ads. And
Speaker:so therefore, there was a cohort of people now
Speaker:buying through my ClickFunnels account. So
Speaker:I'm making more sales there as well. And so I
Speaker:can now look back, because this has now been going on for a number of
Speaker:years. So in my distaste in
Speaker:the beginning, thinking I've been absolutely shafted, I
Speaker:then realized, wow, actually, The owner
Speaker:doing the affiliate marketing within that territory is actually benefiting
Speaker:me, and I'm not spending any more money on ads,
Speaker:and my sales are going up, my profit's going through the roof, and
Speaker:I'm a happy camper. Put it that way. So if
Speaker:you're listening to this, this is absolute gold. No
Speaker:one tells you. I've never seen this information anywhere else ever
Speaker:on the internet, on Instagram, on YouTube, nowhere. So
Speaker:the key, I'm just going to say it again just so it really, really sinks in. You
Speaker:must own the Amazon platform solely
Speaker:so that any sales or advertising that anybody
Speaker:else is doing, whether it be affiliates or other, they
Speaker:come to your Amazon listing because ultimately, consumers
Speaker:in the US and around the world, but consumers in the US particularly, love
Speaker:to buy on Amazon. Because if they're also going to go to the affiliate
Speaker:marketer's landing page, they may not trust it.
Speaker:It may be even a good deal. I was even selling the healthcare
Speaker:product on Amazon for more money. $10 more
Speaker:per item and they still came to Amazon and they were
Speaker:still prepared to buy it because they know, they like, and
Speaker:they trust Amazon. And if the product arrives in the mail and
Speaker:they don't like it, they just press the button, boom, and it gets shipped back in. How
Speaker:easy is that? So that's why it's so, so important for
Speaker:you to own the Amazon Marketplace when you're thinking about
Speaker:exclusive distribution. So
Speaker:ultimately, even if you could own the entire country,
Speaker:if you could own the entire country, it'd be great. So sometimes, you
Speaker:know, these things that are bad, that you think are bad, that are happening to
Speaker:you, like I thought that I was getting screwed over, and I, to
Speaker:a degree, probably was. But ultimately, it ended up working in
Speaker:my favor, and I went on to make many more millions of dollars over
Speaker:the last few years, thanks to the owner, doing something
Speaker:that perhaps, you know, we didn't tell me anyway. So, all good to me.
Speaker:Now, That is certainly a deal that
Speaker:I would do again, but obviously I thought it was bad at the time.
Speaker:And I've already told you, you must have the Amazon Distribution Marketplace. So
Speaker:make sure you pin that somewhere on your wall, on your whiteboard, on
Speaker:your computer. Now let's talk about deals
Speaker:that I would not do again. But it's only because of
Speaker:the experience that I have over the past sort of six to eight years in
Speaker:this play. I'm losing track now of how many years I've been in
Speaker:the Amazon Ecom marketplace. It's only because of the experience that
Speaker:I've got having done many, many deals with many different
Speaker:types of manufacturers and brand owners across different
Speaker:niches from baby toys
Speaker:to sports tape to
Speaker:golfing products. I've done a couple of golfing products. to
Speaker:obviously healthcare products, and I'm sure there's a whole range of other ones
Speaker:in there, but those are the first ones that come to mind. So I
Speaker:want to say to you, don't Don't not do
Speaker:deals because you think they're going to be bad, because sometimes you just
Speaker:don't know. When I started doing the health care product, I had no idea what
Speaker:the sales were going to be, to be honest. I was pretty green. And
Speaker:I just took a punt on it and thought, yeah, hey, this guy's come to me. He
Speaker:wants me to help him sell his product on Amazon. I'll just
Speaker:run with it. So that is definitely a deal
Speaker:I would do again. And I want to say this to you, too, because this comes up a lot when
Speaker:I'm talking to my mentoring clients. They think
Speaker:that by approaching businesses, brand owners, manufacturers,
Speaker:that somehow they're going to be looked down
Speaker:upon or the owner is going to give them the
Speaker:flick and not give them the time of day. But I can tell you, actually I'll
Speaker:tell you a story. This will make sense to you. I
Speaker:reached out to, this is the guys who were selling this golf
Speaker:product. And I reached out to them, I said, hey look, you're selling this golf product, I
Speaker:would love to be able to sell this on Amazon Marketplace for you,
Speaker:preferably in the US and even Australia. Now these guys were based in Australia. And
Speaker:I just rang them up, literally just rang them up, told them who I was, loved
Speaker:their product, their golf product. They were driving down my
Speaker:way. They were on their way to Byron Bay. And they said, look, we're on our way
Speaker:with our family to Byron Bay. How about we stop in and meet you at
Speaker:the petrol station service center, which is on the
Speaker:highway there? I said, yeah, absolutely. Let's go. Let's go do that. So I'm literally sitting in there
Speaker:in the food court. And the first thing that she
Speaker:said to me, there was a husband and wife team, she says, oh,
Speaker:Matthew, thank you so much for contacting us, because you know what? I've been
Speaker:thinking about selling on Amazon, but there was just something that was holding
Speaker:me back. I've been really quite busy, and it's just
Speaker:something I just haven't gotten to yet. So thank you so much for contacting us
Speaker:and sitting down with us, because this is really something we've been thinking about.
Speaker:And this is the type of response that
Speaker:you're sometimes, it's not all the time, but
Speaker:you're sometimes going to get from these types of owners. Because think about it,
Speaker:these people were already selling on different marketplaces around
Speaker:the world, not Amazon, because Amazon
Speaker:was a bit scary for them, you see. So by me coming in and offering
Speaker:my assistance to take on their product to sell on Amazon, they thought
Speaker:I was a knight in shining armor, just coming in to help their business. And
Speaker:this is sometimes the response that you're going to
Speaker:get. And as I said, not every response is going to be like that. Sometimes
Speaker:you're not even going to get a response on the email, no one's going to return your phone call. That's totally fine,
Speaker:but you've got to hit the phone, right? You've got to hit the emails and contact these people
Speaker:because you're there to help them. And I'm telling you,
Speaker:there are brand owners out there who want to be helped. There's
Speaker:a client who I've got right now. Her husband was at
Speaker:a golf tournament. Speaking of golf again, coincidence. He
Speaker:was at a golf tournament. This was only just like two weeks ago. And
Speaker:he was talking to a gentleman there, telling the gentleman about how
Speaker:his wife is being mentored by me. I've got
Speaker:a health care product, sell it around the world. And his wife is also looking
Speaker:for a product to take to market as well and help brand owners. And
Speaker:he said, oh, really? Well, I've actually got a health
Speaker:care product. Just like that. I've got a health care product. I mean, of all the people that
Speaker:could possibly have been there that he's talking to. And it turned out,
Speaker:I don't want to give the product away, but this product is being sold
Speaker:all over the world and in hospitals, surgeries,
Speaker:you name it, right? And it helps, let me just say this, it helps with back pain. And
Speaker:so the next thing you know, my client is now having discussions with
Speaker:this brand owner about how she can help him take the
Speaker:product to market in America. Because
Speaker:here's the thing, this guy, he's actually a clinician
Speaker:of some sort. I think he's a chiropractor. And so very,
Speaker:very scientific in nature. Very, very poor though
Speaker:in sales, marketing, content creation. Hopeless
Speaker:in that space. In fact, he has his own website and
Speaker:he has his own Amazon store in Australia and
Speaker:they're crap. They're so bad. We went on to it and had a look. One
Speaker:picture in the listing, hardly any bullet points, no optimization. And
Speaker:you can just look at it in two seconds, you know that you'll
Speaker:be able to help this guy. But now it's a matter of building the
Speaker:relationship. Don't go in there guns blazing and say, hey, look, I'm going to take
Speaker:over your whole listing and I'm going to do, do, do, do. No. You've
Speaker:got to warm to people who are then going to give you the
Speaker:information that perhaps you need because you're obviously going to need to find out about, you know, cost
Speaker:price numbers, turnover, things like that to sort of see if it's even going to be viable in
Speaker:another market. But this guy seems to be doing well. and he's
Speaker:got a TGA for the product in Australia. My client's
Speaker:gonna actually look at getting an FDA, and this could be, look,
Speaker:it could be an expense, but it could, it will be
Speaker:an expense, and it could be $5,000, $10,000, $20,000 expense. But
Speaker:it could also be worth it if you start making $1, $2, $3 million
Speaker:a year in profit, right? And if
Speaker:done correctly, my client could even secure the full, particularly
Speaker:if she goes and spends her own money on getting the FDA. I
Speaker:would encourage her and I would be telling her that she must get
Speaker:full distribution rights in the US. If she's going to fork out the money for the FDA,
Speaker:it's basically game over for her, right? She has to just, that's
Speaker:it, done. No one else can take market share within the US
Speaker:because she's forking out the cash. These
Speaker:are the types of deals that are around and I would encourage you
Speaker:to continue. In fact, if you want to come into my exclusive community,
Speaker:if you click on the link somewhere around this video or
Speaker:audio, there'll be a link to my 8 Steps to 8 Figures.
Speaker:And actually, in fact, I document out in real
Speaker:simple terms how you can go and find your own potentially
Speaker:8-figure product. And I'll actually walk you through eight steps of
Speaker:how to do that. And my clients are now doing that. I've already got one client
Speaker:who's actually signed a full distribution for a medical product
Speaker:right here in Australia. And this again was after sort of scouting out
Speaker:products. In fact, I may have mentioned this one before, but very, very
Speaker:quickly. This was something that was
Speaker:needed for babies, and their baby was born with a particular medical
Speaker:condition, and they went and sourced the product, realized the
Speaker:product wasn't even being sold in Australia, it was being sold
Speaker:out of the US, contacted the guy who owned the brand, turns out
Speaker:he's a doctor who invented the product, got into some discussions,
Speaker:I helped them, I helped work through those discussions of what they need to ask
Speaker:and sort of went through the contract with them to make sure it was all legit
Speaker:and secure for them, and they signed the contract. So
Speaker:now they're waiting for their first shipment to arrive, this product could
Speaker:easily make them a quarter million dollars profit within the first year.
Speaker:This is a product that helps babies, it's scientifically proven,
Speaker:and all they're doing is just helping mums and dads in Australia to
Speaker:provide this product for them rather than having it shipped from the US because it's
Speaker:more expensive if it comes from the US. So a great outcome
Speaker:for my clients and just opening the door to
Speaker:more opportunities for them as they learn the process now
Speaker:of signing up these types of distribution agreements. So I've
Speaker:outlaid a lot of information here today, but let me talk
Speaker:to you specifically about one of the ones that I would probably not
Speaker:do again, although I've said to you guys that you should really take and look at
Speaker:all opportunities, but just from my experience now, what I wouldn't do again, and
Speaker:that is probably low volume type products. Now,
Speaker:when I was going around to all the trade shows, I
Speaker:don't know what's what. I'm simply in the hustle mode. I'm
Speaker:going to trade shows and conventions and anything
Speaker:that opened and closed because I want to get in front of brand
Speaker:owners. I want to see products. And when you go to these trade shows, Guess
Speaker:what? There's a shitload of them there. They're all there spruiking their
Speaker:wares about why their product is so good. And one particular product
Speaker:that I came into was a baby sensory toy.
Speaker:And it was being produced by a young lady in
Speaker:Australia. And look, it was a great product, to be honest. I
Speaker:took on that product, I sold it in the US, but ultimately
Speaker:I just couldn't get the volume. And now why couldn't I get the volume? One,
Speaker:the margin was too low because she had to take a good
Speaker:cut in the beginning. So it left very, very minimal room for
Speaker:me. The competition was
Speaker:a lot. There is, as you can appreciate, there's just a lot of baby,
Speaker:now sensory toys in the market. And so standing
Speaker:out in the crowd of that huge ocean
Speaker:of products was extremely difficult. And so ultimately, I didn't
Speaker:have the margin. Would it have been good if she just sent it
Speaker:in? Yeah, she could have done it herself. But here's the thing, right? She's
Speaker:a brand owner. She's too busy. Because I think, look, people
Speaker:who invent products and come up with their own brand most times
Speaker:don't think about, maybe they do a bit more these days. This was going back
Speaker:sort of five years ago, maybe. But They don't
Speaker:think about selling it on the Amazon marketplace. They're
Speaker:simply inventing the product, and straight away they're thinking, I'm
Speaker:going to sell it on my own website, and I'm going to try and
Speaker:get it into stores. That's generally the inventor's mindset,
Speaker:and probably not even their own website, to be honest. the
Speaker:gentleman who has the back pain solution product. He
Speaker:did a website, he threw it up on Amazon, but there was absolutely
Speaker:no care taken. It was almost just like, I just throw it up
Speaker:and people should buy it because it's so good. And inventors
Speaker:can fall into that trap of thinking that, hey, I've
Speaker:invented this incredible product. I'm just going to throw it up on Amazon and
Speaker:then wonder why people aren't buying it because you actually have
Speaker:to sell it. Just the brand name alone ain't going to
Speaker:cut it. So this is your opportunity. This is where you
Speaker:can step in. And I think ultimately what will happen with my client is
Speaker:we want to take over the Australian listing. We want to
Speaker:take over the Shopify store, which is so bad. I mean, you have
Speaker:no idea. He even had in the email
Speaker:section because the Shopify comes with a template and even said, add
Speaker:your email here, add your email at here or something like that, you
Speaker:know, you haven't even done that. So, but I don't want to, I
Speaker:don't want to, I don't want to give them too much shit. Very good at inventing products.
Speaker:Yeah. And that's why I think another opportunity, which
Speaker:I haven't even gone into, but is where people can actually invent products
Speaker:and then they should just stop there. Invent the product and
Speaker:then sell it, find
Speaker:someone to do exclusive distribution, who can do the
Speaker:marketing, the sales, and the whole kit and caboodle while you
Speaker:as the inventor, if that's what you're good at, stay to your lane, invent
Speaker:the product, and then either sell the product in
Speaker:its entirety with all the IP that comes with it, IP meaning trademarks,
Speaker:patents, and other types of documents like
Speaker:a TGA or an FDA, Do that or retain
Speaker:ownership of the product, give the sales distribution to somebody else
Speaker:and maybe you take a royalty, maybe you take an upfront fee plus a royalty
Speaker:so you still get an ongoing commission from your
Speaker:product and certainly find the right person to do that. But
Speaker:at least then, that way you don't have to look after everything else. And
Speaker:inventors always, I see this all
Speaker:the time. They always forget about the sales and
Speaker:distribution. They invent the product and think the hard bit's done. No.
Speaker:Inventing the product is actually the easy bit. It's
Speaker:the easy bit. It's getting the sales and distribution. That's the
Speaker:hard bit and that's where most inventors fail. So
Speaker:guys, thank you so much for joining me on this episode. I've given
Speaker:away so much gold in this
Speaker:episode. It is insane. As I said, I usually reserve this
Speaker:type of information purely for my paying private clients,
Speaker:but you've Got some of the gold today. So
Speaker:thank you so much. Because I have given so much gold, please do
Speaker:us a favor. Leave a five-star review on Apple Podcasts and
Speaker:Shopify. Leave a comment in YouTube. Let me know
Speaker:what else you want to hear about. And I look forward to seeing you in the next episode. Thanks
Speaker:for tuning into Amazon Ecom Secrets. If you
Speaker:enjoyed this episode, the best way to show your support is
Speaker:to give a five-star review on Apple Podcasts and Spotify, and
Speaker:make sure to subscribe on YouTube so you don't miss an
Speaker:episode. You can also find more at I'm
Speaker:Matthew Fraser on all social media platforms. Thanks