Steve Chou makes an appearance on today's episode to discuss some key takeaways he and Mike learned while attending EcommerceFuel Live 2024. 

It's conference season for eCommerce! 

I just got back from ECF Live 2024, which was a great experience where I got to meet old friends and discuss a few of the issues that's been going on in the industry like Amazon's new fees, the recent Google update, and the ever-eroding margins. 

As always, I like to get someone who was at the conference with me to discuss some of the things that we've learned, and who else better than Steve Chou! Steve is a good friend of mine for several years now who runs My Wife Quit Her Job and is also hosting this year's Seller Summit, so we're live today to talk about the things we've learned. 

We talk about the 4 key takeaways that we came away with, and how we can apply it to our businesses. Here's some timestamps to get you guys going: 

• Intro - 0:00 
• Catching up with Steve - 0:30 
• Mike's favorite time of the year - 1:15
• Mike and Steve's ECF Live experience - 2:42 
• Steve's first takeaway #1: Google Update - 3:54
• The future of Search and AI - 4:29 
• How fast things change - 9:25 
• Second takeaway #2: Tiktok Shop - 10:37 
• Third takeaway #3: Higher profit margins are the key to success - 15:11
• Fourth takeaway #4: Amazon's New Fees - 18:01 
• What's happening in Seller Summit this year? - 23:06 
• Seller Summit's Mastermind Day - 23:45 
• Sign up for Seller's Summit - 27:07
• Why Mike hates flying - 30:03

Steve, it was great recording with you as always! I really appreciate you coming on and doing this podcast with me. If you guys would like to learn more about Steve, check out MyWifeQuitHerJob to learn more about him! 

Seller Summit is on May 13th and 14th this year, so get your tickets here and you can put in a special request to get Mike as your Mastermind Leader. 

Don’t forget to leave us a review on iTunes if you enjoy our content. If you have any questions or any topics you’d like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. 

Thanks for listening!

With Amazon's most complex fee increase ever going live, Mike and Dave talk about what this means for sellers, the pros and cons for each change, and how you can avoid the most detrimental fees to your bottom line. 

Amazon today announced its biggest fee increase ever, and more aggravatingly, the most complex fee increase ever. 

Dave and I will try to walk you through exactly what fees are changing and how it affects you. Warning—it's complex (probably deliberately by Amazon) and there's a lot to absorb.

If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 

Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well!

Also, we would really appreciate it if you would leave us a review on iTunes. 

Thanks for listening!

In today's episode, Dave and I discuss why there are so many sellers on Amazon losing money on each product? Because the lower prices do not make any sense at all. 

Today's topic is something that I've been thinking about for awhile: how many people are losing money selling on Amazon? 

You're probably thinking that this question sounds ridiculous, but if you think about the increasing amount of competition and the higher platform fees, there does seem to be some basis for the question. 

Which begs the question: how many people are losing money selling on Amazon? Are they selling old inventory that isn't profitable anymore? Is the competition everywhere at this point? 

I thought this would be a topic that my partner Dave could chime in on from his perspective as a Canadian Seller, and also as someone who frequently visits China. 

Timestamps: 

• Intro - 0:00 
• Catching up with Dave - 0:30 
• How Many People are Losing Money Selling on Amazon? - 1:55
• The Types of Sellers Losing Money & Competition on Amazon - 3:57
• Sacrificing Margins for Brand Equity - 6:04 
• Fishy Practices to Avoid Paying Duties - 8:00 
• The Chinese Government is Providing Subsidies for Exporters?? - 8:51
• The Numbers Don't Make Sense - 11:02 
• Every Seller Has an Unprofitable SKU - 16:26
• The Problem with Product Research Tools - 19:53
• Bad Business People - 20:52 
• What Amazon's Q4 Earnings Report Tells Us - 23:09 
• Legacy Sellers Who've Suffered Through Events - 26:01
• Shortened Product Life Cycles - 30:47 
• What should happen to old products? - 32:27
• Prices are 20% lower than they should be - 33:37 

If any listeners would like to have a discussion about this, let me know by emailing us directly at support@ecomcrew.com. 

Also, if you have any questions or any topics you’d like us to discuss on the podcast, you can email us directly as well!

Also, we would really appreciate it if you would leave us a review on iTunes. 

Thanks for listening!

In this episode, Dave and I go through our list of business goals for 2024 for Ecomcrew, our personal business brands, and more! 

Its been awhile since we've done an episode like this, but Dave and I thought of bringing it now since it was one of our more popular episodes from 2019.

Some of these goals were aimed for ourselves personally and for the company. In this episode, we'll go through each goal and our plan for achieving each one. 

If you have any questions or any topics you’d like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. 

Thanks for listening!