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THE MILLION DOLLAR CASE STUDY
Session #18: Time Management & Productivity
Journey to $1MM
June 21st, 2017
100% to
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Hello everyone, I'm Sylvester from Nigeria, I'm a Bachelor degree holder but unfortunately for me I could not find a decent job
here in Nigeria, In 2012, right around February, I was opportune to attend an E commerce seminar on how to make money
online as a seller on Amazon, After the seminar I could not raised money to start the business, after one year of looking for
other ways to make money online without investment but to no avail. Late in the year 2014, I was able to find someone that
could use his credit card details for me to start the business while I pay him in my local currency But unfortunately for me
Amazon do not accept sellers from Nigeria. Oh gosh I was completely heart broken because I had always wanted to be an
entrepreneur. In Africa, Nigeria precisely it's difficult to get access to credit cards, It cost lot of money to get internet and also
problem with electricity( Power). Because I have always wanted to be an entrepreneur working online since I could not get a
decent job in my country, then I decided to travel to Europe through land, from my Country to Niger Republic, from Niger
republic through Sahara desert to Libya and from Libya through Mediterranean Sea to Italy since I could not afford to travel by
Air( Flight), Because in western world, there is internet access, Power ( Electricity), credit cards and others. Now I'm in Italy as
a Refugee, where Amazon International sellers accepted, with access to unlimited internet, Stable power ( Electricity)and
more, since it has always be my passion to be a seller on Amazon and Entrepreneur... I was doing lot and lots of research on
Youtube and fortunate for me I found you guys...I dig more to know more about Jungle scout, I was amazed about your
product and how you guys are helping filling a need...... Today I am currently following Jungle Scout's Million Dollar case
Study, though I'm yet to start Amazon FBA business because I'm unable to afford the Jungle Scout Pro Extension yet and
money to start Amazon FBA. I'm currently saving money up so I can start as soon....I will never give up....Thank you for giving
me hope to be an Entrepreneur soon. Thank you so much
What has been
the most difficult
part of Amazon
FBA ?
Session - 17 #MillionDollarCaseStudy Giveaway Winners
Sylvester JS Pro Extension
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What has been
the most
difficult part of
Amazon FBA?
Being patient! My first product
went live 4 days ago. It's been
almost four months since I was
introduced to TAS. Scott told me
about JS. I'd love to win the chrome
extension so it can help me find my
next products. The web-app
indirectly helped me find my first
one.
Everend Throne JS Lite Ext.
The most difficult part for me was
the "analysis paralysis". I'm a data
guy by nature and slight fear of
choosing the right product held me
back from starting. I would tell
anyone that's interested to jump
right in, even with a small first
order, just to learn the process. I
am now on my first product and
eager to launch more!
Bjorn Beez T Shirt
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Session 18 GIVEAWAY : Win a Web App or a T-Shirt
▸ HOW TO ENTER Use this Link to Enter our Giveaway
www.junglescout.com/giveaway
The link will also be in the Video Description of the Replay on YouTube!
▸ 2 Winners, 1 Prize for Each ! ▹ 1 Web App Standard ▹ Jungle Scout T Shirt ▹ Featured on the Website!
▸ Winners selected every week for all of 2017!
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New Images!
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New Images!
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New Images!
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Let’s take a quick look at Fetcher!
Jungle Snugs Updates: Launch
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Jungle Snugs Updates: Reviews
15 Reviews4.8 out of 5 Stars
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Jungle Snugs Updates
One 1 Star Review….However it appeared to be a fake review, and Amazon identified
Moral of the Story:
Don’t Sweat The Small Stuff!
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AMS/PPC Update
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What’s holding new sellers back?
▸Time▹You’re busy people! We’ll help with this today
▸Money▹Unfortunately inventory costs $$$
▸Knowledge/Education▹The Million Dollar Case Study is all you need :-)
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What You Will Learn
Ultimately, Do More (and better) work In Less Time
Organize Prioritize Scale
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MoroccoIndonesia
Selling On Amazon Allows For More Time For Work From Anywhere….
Morocco Australia
Anatarctica Brazil And working all of these places!
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Ideal Time Allocation To Launch A Product ~ 40 Hours
Product Research
Product Sourcing
Importing
Listing Optimization, PPC, Marketing
The bulk of work is done upfront: finding the ideal product to sell.
Progressively less work, and gets easier with each SKU you sell.
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How Can You Achieve These Goals?
1.Goal Setting2.Relentless Focus3.Just In Time Learning
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For Example: How I Set Goals (With Dates!)
My Timeline For the Million Dollar Case Study (6/14/17):
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My Productivity Mindset
▸ Plan Beforehand – Weekly/Daily to do list▸ Avoid Multitasking (Pomodoro Technique)▸ Hard Tasks First - “Eat The Frog”▸ Focus On My Strengths, Delegate the Rest▸ Ship It - “Great Is the Enemy Of The Good”
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Quadrant Of Prioritizing
From Stephen Covey, The Seven Habits of Highly Effective People
Focus On Top Row: Important Tasks….will this matter in 6 months, a year, 5 years?
If possible, delegate and outsource Quadrant 3 and 4.
Save Time: Cut Activities in Quadrant 4.
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“
”
Planning For FBA Sellers
Focus on answering, “What Do I need to do to sell more product?”to guide your priorities
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My Daily & Weekly Routine
Daily
▸ Unit Sales -- unexpected changes?
▸ Ranking for Main Keyword (automated via Splitly)
▸ Competitive Landscape - new competitors? Competitive marketing campaigns?
▸ Respond to customer emails
Weekly
▸ Pay Per Click Campaigns -profitable keywords/campaigns I can improve? Unprofitable ones I can pause/change?
▸ Inventory Levels (more on this in a future session)--any potential out of stock scenarios?
Monthly
▸ Reviews - can I improve my follow up campaigns?
▸ Returns - are my product returns at a normal level? If not, issues with supplier/product quality?
▸ Profit Margins - as percentage, and dollar value. Room for improvement?
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Avoid multitaskingIf possible 😉
Forest App (free)https://www.forestapp.cc
Focus on one thing for a devoted amount of time, ~25 min
22
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“
”
Prioritize, “Eat The Frog”
Mark Twain: “If you eat a live frog first thing in the morning, you can go through the rest of the day knowing the worst is behind you.”
Very Powerful!
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Focus On Strengths, Outsource The Rest
How To Outsource Affordably?
And many other alternatives that I haven’t tried…
Qualified VA’s from the Philippines will work for $3-4/hour.
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Ship It!
Focus on getting started--not everything will be perfect!
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Just in Time Learning
▸Time▹You’re busy people! We’ll help with this today
▸Money▹Unfortunately inventory costs $$$
▸Knowledge/Education▹The Million Dollar Case Study is all your need :-)
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Tools I Love
Communication Planning
FBA Tools
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Continued Education on Amazon & eCommerce: Podcasts & Blogs
Scott Voelker,www.theamazingseller.com
Good For: ● Learning how to sell on
Amazon● Consistent 3x weekly
podcast● Inspiration to build your
Amazon business
Amy Porterfieldwww.amyporterfield.com
Good For: ● Email, Facebook
ads, building an audience
● Blog and podcast● Inspiration to excel
in digital marketing
Steve Chouwww.mywifequitherjob.com
Good For: ● Ecommerce best
practices from a practitioner
● Learning from expert guests
● Inspiration to build a thriving online store!
Andrew Youderianwww.ecommercefuel.com
Good For: ● Community for
established ecommerce sellers
● Advanced strategies and analytical approaches
Ezra Firestonewww.smartmarketer.com
Good For: ● Advanced
ecommerce training courses and content
● Facebook ads optimization
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Continued Education on Amazon & eCommerce: Books
ReWork: Key Takeaways▸ Work smarter, not harder▸ More doing, less planning▸ Embrace constraints--they help you be
creative and solve problems
Good To Great: Key Takeaways▸ The Flywheel - the momentum of may
small projects can be incredibly powerful.
▸ “Greatness” comes from deliberate thought and decision-making
▸ The Fox vs. Hedgehog: Foxes pursue many opportunities simultaneously at a surface level. Hedgehogs focus on a single idea and concept. When they face off, hedgehogs win!
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Join Us Next Week!
Optimizing our PPC Campaigns!
June 28th @ 8p ET and 5p PT
Sign Up: https://www.junglescout.com/the-million-dollar-
case-study-overview/