EP 87 - Vladi Gordon - Benefits of Using Profitability Analytics Tool in Your Amazon Business Part 2

Benefits of Using Profitability Analytics Tool in Your Amazon Business Part 2 Today’s episode is part two of a three-part series with Vladi Gordon, co-founder of sellerboard.com, a profit analytics service for Amazon sellers. Vladi has worked in the software business for many years. Here are more amazing lessons on today’s episode: Why bookkeeping is crucial to your Amazon business. Why quality assurance or some sort of inspection process is vital before shipping out. The profit killers that a lot of times entrepreneurs tend to overlook. So listen, enjoy and become inspired by Vladi’s amazing Amazon success story. 03:18 (Always do your bookkeeping if you’re an Amazon seller.) 05:04 (Always make sure your business model is healthy.) 07:27 (Steve gives an example of when items gets tagged as oversized causing excess charges.) 09:32 (Steve talks about how important it is to do quality assurance or some sort of inspection process before shipping out.) 12:27 (Vladi talks about the biggest profit killer for an Amazon seller.) 17:41 (Vladi talks about the second biggest profit killer for an Amazon seller.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, “You can have everything in your life you want if you help enough other people get what they want.” It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT If you’re launching a new product manufactured in China, you will need professional high- resolution Amazon ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listings photographs before your product even leaves the country. This streamlined process will save you the time, money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit SymoGlobal.com to learn more because the picture should be worth one thousand keywords. You're listening to the Awesomers podcast. Steve: You are listening to Episode Number 87 of the Awesomers podcast series. And for those keeping score home just run on over to Awesomers.com/87 and you'll find today's show notes, details and even some links that we talked about. With today's featured guest, coming back to us for part two of three is Vladi Gordon. And we talked to Vladi about some of the important things that I think a lot of times entrepreneurs overlook and that’s these profit killers as Vladi calls them. I sometimes call them black holes or other fun titles because any time you don't know where the money is going it can be a very destructive situation in your business. So it's really important to get that financial house in order. And I know, if you're anything like me that doing the financials and doing the bookkeeping that's kind of like, “ I'll get to it when I get to it” or maybe you've even hired somebody and you’re like yes, they’ve got the monkey, I don't really want to interface with it that much. I started out like that. I can assure you it certainly is not something that I would recommend. Don't find yourself scared about finance and your lack of understanding can be overcome. It's something that you can absolutely solve and we talk about that a lot in today's episode, looking for some of those profit killers. Go ahead and jump into this episode and learn some more about how to get your business running right. Steve: Okay here we are back again everybody on Awesomers.com podcast with Vladi Gordon.

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If you are an Amazon seller, ecommerce entrepreneur, ebay seller or you want to learn how to sell online this Podcast is for YOU! What is an Awesomer? An Awesomer is someone who through a series of long-term actions and behaviors has demonstrated that they are not satisfied with normal. They are achievers to a penultimate degree in their own industry specialty or area of interest. There are no monetary criteria to be an Awesomer, in fact, many mega-wealthy people are not Awesomers. Some of them are Normies. Others are even Basics! Awesomers want to thrive; not just survive. Awesomers are trying to improve their lives and the lives of those around them. They are trying to make an impact, in whatever way they can, on the world. Many Amazon Sellers are awesomers. They took the Amazon FBA opportunity and they siezed the moment by taking action. If you are an Amazon Seller or interested in selling in eCommerce you should take a moment now and listen to all the Awesomer origin stories. Entrepreneurs solve problems in the world. They don’t create them. Awesomers are never done learning or improving. To become an Awesomer one must realize the journey to improve is perpetual. In other words, you don't arrive to the land of the Awesomer as a destination. Being an Awesomer means you are on the path of achievement for the sake of improving your life and those around you. Awesomers are 75% more likely to listen to educational or improvement podcasts.** What is a Normie? A Normie is someone who is stable and well established in life and ultimately is satisfied with the status quo. They don't want to rock the boat. They don't want to take risks. Normies are satisfied to survive. Normies are fine, just ask them. Awesomers have no problems with Normies. In fact, most Awesomers are surrounded by Normies who are their close friends and even family. More often than not Normies do not understand the plight of the Awesomer so they will warn the Awesomer to “be careful” or “don’t do it” or provide other guidance they mean to be helpful, but it is really just negativity that the Awesomer must overcome. We all know and love Normies and we are not criticizing Normies. We're only delineating some of the differences that exist between Awesomers and Normies. Normies are 84% more likely to listen to news about the Kardashians than Awesomers.** What is a Basic? A basic is someone who doesn't care about anyone which is often including themselves. They self-sabotage, they create problems, and they are not people that anyone should hang out with. They suck the life out of everyone around them by manufacturing drama, problems, or other nonsense. These people have chosen a path for themselves often by years and years of behaviors and actions which lead them to the life they have today; which is ok with us. We’re not judging. We just choose not to have our journey detoured by crossing the path of a Basic. (We also refer to this as the no A-HOLE rule.) 63% of basics have a cell phone only to play games, consume news or "vent" on social media.** **The preceding statistics for each archetype above is 100% made up. We like to make jokes. But we'll always tell the truth and set the record straight. The Awesomers.com podcast, hosted by Steve Simonson, will showcase some of the amazing origin stories of Awesomers from around the world. There are so many truly inspiring stories from people from all walks of life, but most often the Awesomers that will be focused on will be those who are also entrepreneurs. We'll be launching in the last half of 2018 as we build the systems and a team to support this important effort. We hope you will join us for this exhilarating journey! Many of these awesomers are Amazon sellers who have built an Amazon FBA ecommerce business and have started to see positive financial and lifestyle results.