Shownotes
It has been a long time since I first heard of the automobile university. You see when you travel extensively you have an opportunity to listen to leaders who can change your life. It’s like listening to the “Best of the Best” PHD level professors speaking to you one on one for hours on end. Use your dashboard time wisely Moe tells us. Great advice, great old-school hack to gain an advantage.
Mentioned
Sponsors
Gaye’s Million Dollar Arbitrage List
Transcript: (note- this is a new tool I am trying out so it is not perfect- it does seem to be getting better)
Stephen: [00:00] I’m excited to talk about my sponsors today, Gaye Lisbey’s million dollar arbitrage group. Amazing, amazing group. This is a teacher. This is Gaye, was a teacher. She is a teacher. Still. You need to learn. This is the type of environment you want to be in because she’s going to help you understand why, and I think that’s the hardest part of this business is understanding why. Why is the red one popular when the green one isn’t? Well, there’s usually a reason and what gay does is probably parse that better than anybody and she’ll explain the reasons for those things. I think that’s really powerful. Yes, she puts out a list. You’re going to get a good use of that list if you get in the group. Now here’s the deal. The group isn’t always open, right? So you get on the waiting list and you can join the waiting list through my link.
Stephen: [00:46] I’m doesn’t cost anything to get on a waiting list and if you like her service, which I find that most people do that, that’s why there’s not so many openings. Um, you’ll be with her for a long time. And so it’s amazing freedom.com. She’s part of Andy Slam. It’s group amazing freedom.com. Forward slash momentum. And you’re going to get in the waiting list. That’s all I can get you on right now. You can use my name and see if that gets you anywhere. But what I like about in the uh, what I like about what they teach in that group or the things that are going on, you know, the current things. I’ve seen a lot of stuff going on about stores going out of business. Well here’s where an opportunity is, here’s why you want to do this. Hey, be cautious about this, you know, with toys r US coming out, you’ve got to think about this and that’s the learning that you need to do.
Stephen: [01:30] And Gay is better than anybody else I’ve seen. So I’m amazing. Freedom Dot com. Forward slash momentum will get you to the waiting list. Then hopefully we can get you in the group and then you’re going to see me in there. And uh, we can chat anytime you’re ready. Karen lockers. Group solutions, the number for ecommerce solutions, four ecommerce.com, forward slash momentum. It’s going to save you 50 bucks. Karen’s our account manager. We recommend her to everyone because she’s done so well for us. I mean that’s quite frankly the reason we’ve been paying her for last few years, but she’s become an important part of our team. Her and her team are so involved in our account. I just see the emails coming back and forth, hey, we did this for you. I just saw two listings today. I’m like, wait a second. Why did they show up?
Stephen: [02:09] I didn’t put any listings up. They got a. They got a set off to the side by Amazon and they reactivate them for me. You know what I mean? That’s the stuff that just happens when you have a strong team and I can’t recommend Karen enough if you use my code. Momentum. Karen pays me. I don’t want to hide that. Of course we all know that, but you’re going to save $50 and it’s a great opportunity to really, really build out your team with somebody you can trust. It’s why I recommend them. So solutions four ecommerce solutions, the number four e-commerce dot com, forward slash momentum. It’s going to save you $50. Oh, and by the way, she’s going to do an inventory health report. Why is that important? Well, guess what fees are going up. Is your inventory health number declining like ours is?
Stephen: [02:57] Well, here’s why and what they can do. What I like is I get a spreadsheet from them and it says, Hey, here’s a bunch of inventory. Here’s what we recommend. And I’m like, Yup, refund. I mean delete a return to us, blah blah blah, whatever it is and it’s or destroy and it just happens. That’s what I like. The other thing that I have Karen helped me with a lot is creating new listings. You know, we do a lot of the research ourselves. We upload our images and then boom, magically the listing goes live and I don’t have to worry about it. Those are the services that Karen offers. CanNot recommend her enough solutions. Four ecommerce.com forward slash momentum. Save 50 bucks. Use My code. You save $50 a month every single month and it’s a great service. Plus you get that free inventory health report. I think it’s a really powerful way, so I can’t.
Stephen: [03:45] I’m so excited how many people have been joining her because I see it and I’m excited because the messages I get from people saying, hey, this is great. I finally feel like I can focus on something else because Karen and her team are watching this for me and you know, I highly recommend her. Next up is scale a lambs and scope and we’ll set it wrong. It’s, it’s amazing. I mean it really is amazing when you sit back and think about, hey, I want to get this product up and it similar to this product and that’s what that product does well. Well therefore, if that product as well, they have the right keywords, they’ve chosen things correctly, so guess what? You scope and you could see all that stuff and that’s what the most powerful thing in the world is to copy somebody who’s done it right.
Stephen: [04:28] That’s what you want to. You want to take advantage of that, right? I mean, it’s fair to see and so therefore you can take and apply it to your listing and immediately get that same benefit. That’s what scope does for me. Sellerlabs.com, forward slash momentum. It’s going to save you $50 on the service. Oh, by the way, it’s free to try, so sign up, try it and say, oh, this is how it’s done. Boom, and then you’re going to. The light’s going to go on and you’re going to be like, man, I can get my products out there. I just can’t wait. Can’t wait. So we’re labs.com forward slash momentum. The other day I bought another domain. Yes, I bought another domain. It’s almost like A. I’m admitting guilt, but it’s because I had an idea and it was something that was a pretty good idea I think is going to go pretty far.
Stephen: [05:18] And so what do I do? I go to try Godaddy.com forward slash momentum and save 30 percent. So domains aren’t very expensive. You get a few services, it adds up a little bit and I usually buy three years. I usually by privacy, by the way, I recommend that to buy that, you know, it’s not that much money, but when you can save 30 percent it makes it that much sweeter and it makes it easier when you’re buying domains and especially if you buy a bunch of domains. I am a domain collector and so I do tend to do that, but that 30 percent makes it a lot easier and I use go daddy because what I like is I can pop in and address I’m thinking and it’ll say nope, nope, could try this version or try this extension and then boom, there it is.
Stephen: [05:58] Hey, you better hurry before it goes away and the right, you know, and so try Godaddy.com, forward slash momentum save 30 percent. Also want to mention about grasshopper. Who was that? Just talking to somebody the other day and they were like, Oh yeah, use this company called grasshopper. I’m like, Dude, did you buy it through my link and save 30 percent? Hello? No, they missed that. So save 30 percent. It’s try grasshopper.com. Forward slash momentum. No surprise there, but you’re going to save 30 percent and what the real cool part about that is they’re using it for their private label business and it gives them virtually a second phone on their current phone without having to get another number. They can make up a vanity number. They don’t have to go and do all the grief and signed loan contracts, pretty easy stuff, and so if you’re creating a brand that you want to identify, you want to look professional, you want to look like a real company. Grasshopper is a great tool. It’s an app you put on your existing phone and boom, you now have a customer service to. You now have a sales department. You’d have a manufacturing division. You could forward it to somebody else. You can have it go to different voicemails, different departments, and it’s all included. So try grasshopper.com, forward slash momentum. Save 30 percent.
Cool voice guy: [07:13] Welcome to the ecommerce momentum podcast where we focus on the people, the products, and the process of income selling. Today. Here’s your host, Steven Peterson.
Stephen: [07:26] Welcome back to the ECOMMERCE momentum podcast. This is episode three. Oh, five Mo Alderman, um, I like the conversation that we have because when I asked them for was to help us get to a, the startup of your business and get you to that level and he’s had a pretty significant level. He tells us sales, um, and it’s in the seven figure sales level. I’m now since this, uh, this is the first time I’m going to have them on them and I haven’t back in the second conversation is going to be about taking it from this level up with a consulting companies part of ace and that’s where I met him. And so that part is going to be a separate conversation. But in this conversation he gives some really solid advice. So if you’re starting out in any way in this business or have, are struggling to move forward because I’ve seen a bunch of people struggling to um, listen to this and pay attention to where I think I even bring it up where, look not everything you’re doing is wrong, right?
Stephen: [08:25] But go find some good advice from some stronger sellers that are willing to give it to you that you trust. And respect and then take their advice and fine tune your business. Don’t start over, don’t go back and throw everything away because a whole bunch of what you’re doing is correct. And Mo is really, really a great example of somebody who did that and talks about it. I’m pretty heavily in this conversation, so let’s get into the podcast. Can breast up that story. All right. We’ll come to the ECOMMERCE momentum podcast. We’re excited about today’s guest. Um, as, as I look out there in this universe, I’m seeing a very common common thing going on is that people are connecting with other people. They get this networking thing and they’re taking it to really good levels and it’s really allowing them to really grow their business. And I think this is a great example of somebody who’s figured that out. Mo aldermen, how do they do on the last name? Not too bad. Not too bad. All right. I’ve tried. I’m sorry. Correct me then. Tell me, tell me how to say it. It’s al dominant. I’ll dominant. Oh, okay. All Mom. But it’s Mo and I like Mo. And so that’s a nice, easy name to say. Um, is thAt fair? My statement, what I just said?
Moe: [09:39] Absolutely. Um, I think I grew my business alone from networking, just networking. I’m sorry, just networking, almost like the beginning of my journey. It was just learning from other people and talking to other people and going from, you know, the level that I was at to the next level, what I call the next level basically growing. And um, I think that network and helped a lot and I still network almost every time I get a chance. and it still happens to me a lot.
Stephen: [10:21] Isn’t it counter intuitive though, because you would think, you know, I mean, they’re, your competitors mount. I mean these are people that sell that. They’re going to see yoUr stuff, they’re going to know your store name, they’re going to be able to take your wholesale accounts, your, you know what I mean. It’s counterintuitive that giving or helping others and then asking for help really will help you grow your business in this world. And I don’t know that that’s like that in every world world.
Moe: [10:48] Um, I think it’s very sad when people think that way and I know that a lot of people think that way. I don’t, I don’t mind sharing any knowledge that I have and I, I, I’m very fortunate that I met a lot of people that don’t mind sharing the same thing, but every now and then you will, you will meet somebody and it’s funny that the first year in my business, I’m around q four, I was at a store doing ra and you know, it was my first year so I saw this person and it looks like he, you know, it looks like he is, he know what he’s doing. So I asked him, is there any tips would you give me, it’s my first year. And he looked at me and he’s like, you’re my competitor. I can’t help it. I was like, okay. So I looked at his cart and saw what he was buying and I went to every store in Michigan. That’s where I live and everything that he bought. So I think you are really my competitor right now
Stephen: [11:55] in that scenario. If he would have said, hey, I would have given you advice, I mean let’s just play this out. Would you have done that? I don’t think so. I don’t think so. I think that
Moe: [12:05] Motivated me to go and, you know, work harder. I kind of know what I was doing but not a lot, but it, it kind of, you know, I got a little bit upset about what he said, but I didn’t say anything to him. I just, you know, moved on.
Stephen: [12:22] It is his right to be fair. I mean, and I, I get that there were some people that, and here’s where I go in my head. I’m like, man, they must have come from some, some environment where you know, you get ahead. The only way to get ahead is at somebody else’s expense. And to be honest with you, in my life, in my corporate career, I saw a lot of that and quite to be really candid, I probably took advantage of that. Sometimes I was the guy getting ahead at somebody else’s expense, but at some point I learned that that’s not soul cleansing. That’s an awful way to be and I don’t want to be that person anymore. And then boom, magically when you just change, um,