When it comes to YouTube content that serves Amazon sellers, Adam’s channel is second to none. It’s unreal, really, how he casually dishes out such high-quality tips and advice without charging a dime. You’ll find yourself absorbing his latest videos with a sense of incredulity.
You have a treasure chest of 159 videos at your disposal, each brimming with invaluable nuggets, insights, strategies, interviews, and wisdom.
Adam’s in-depth knowledge and the rise of on-demand tech means you can earn a virtual Ph.D. in Amazon selling. Ignorance isn’t an option anymore. He generously drops knowledge bombs in every episode.
What is Adam’s four-pronged approach to launching a product?
Adam’s four-pronged approach to launching a product includes the following steps:
1. Identify the Problem: The first step is to identify a problem that needs to be solved. This problem should be something that a significant number of people are facing and are willing to pay for a solution.
2. Develop a Solution: Once the problem has been identified, the next step is to develop a solution. This involves creating a product or service that effectively solves the identified problem.
3. Validate the Solution: After developing the solution, it’s important to validate it. This involves getting feedback from potential customers and making any necessary adjustments to the product or service.
4. Launch and Iterate: The final step is to launch the product or service and then continually iterate on it. This involves making ongoing improvements based on customer feedback and changing market conditions.
How does Carbon6 leverage data to set itself apart from any other company?
Carbon6 leverages data to set itself apart from other companies in several ways:
Data Aggregation: Carbon6 has aggregated a significant amount of data through its acquisitions. This data, when put together and shared, can produce a user experience that simplifies success for its users. It also makes it easier for users to train their teams and scale their businesses faster.
Single Authentication: Carbon6 is working on a system where users only need to authenticate once across all their apps. This simplifies the user experience and makes it easier for users to manage their accounts.
Shared Data Lake: Carbon6 is creating a common data lake where all the data from its different apps can be shared. This will allow for better data analysis and insights, which can help users make better decisions.
Feedback and Improvement: Carbon6 values feedback from its users and uses it to improve its products. They see themselves as partners with their users, and they aim to provide solutions that help simplify their users’ success.
Focus on Professional Sellers and Large Brands: Carbon6 focuses on serving professional sellers and large brands. They aim to become the ecosystem for these users, providing them with a wide set of solutions to help them succeed on Amazon.
In summary, Carbon6 leverages data to provide a simplified and improved user experience, better insights, and solutions that help its users succeed. They focus on serving professional sellers and large brands, and they value feedback and use it to improve their products.
What predictions does the CEO of Carbon6 have?
The CEO of Carbon6, Justin Cobb, made several predictions and observations about the future of Amazon sellers and the e-commerce industry:
Bigger Wins: He believes that the wins for successful sellers are going to get bigger and bigger. He predicts that a $10 million exit that was possible two years ago could become a $100 million exit by 2025.
Consolidation: He expects a continued consolidation of revenue on Amazon to professional sellers and large brands. He estimates that currently, around 177,000 sellers account for roughly 75% of all the Gross Merchandise Volume (GMV) going through Amazon annually. He expects this consolidation to increase over time.
Higher Barrier to Entry: He anticipates that the barrier to entry for new sellers will be higher. It will cost more money to launch a private label brand successfully than it did before, especially considering changes like the iOS changes that have made it easier for people with resources.
More Competition from Experienced Entrepreneurs: He predicts that a lot of people who’ve had success in other industries will come to make their next 10 million dollars in the Amazon space, as opposed to the last five years where many people made their first 10 million dollars here. This will make the space more competitive.
Increased Importance of Software: He believes that the role of software in the success of Amazon sellers will continue to grow. Carbon6 aims to simplify success for sellers by providing a wide set of solutions that can help sellers scale their businesses faster.
More Feedback and Adaptation: He expects that successful sellers will need to be great students, willing to learn and adapt to changes in the market. He sees Carbon6 as a partner that can provide valuable feedback and insights to sellers.
Data Sharing: Carbon6 is planning to create a common data lake by aggregating data from all its acquisitions. This shared data will be used to improve the user experience and make it easier for sellers to train their teams.