Shownotes
Nick has a multi success approach to selling on Amazon. See he believes it starts with mindset, then add in Diet, fitness, meditation along with a desired lifestyle to get you in the best position for successfully selling on Amazon. It is like life, a formula. Sometimes more of one area is needed and some days one other. So get the basics right, adjust as needed and get your business cranking.
Mentioned:
Mind your grind – Nick’s blog where he talks about all the above along with selling on Amazon.
Romanstide – Nicks site where they help brands adapt to selling on Amazon.
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Here is transcript- It is automated so it is not perfect but it does seem to get better over time.
Nick: [00:00] Things and tolerated a lot of crap from each other or you know, speaking from my side of things that, um, you know, that I, I did it for the child and when I, when I look back at that thing, we had a relationship just, you know, based on a lot of lies pretending to be someone we weren’t in order to keep things comfortable. And I learned a lot from that. And when I met my current, well my only wife, my current wife, um, you know, I was just very up front and that was the lesson I learned. I was, I was, I learned that I needed to be 100% honest with who I, who I was, the mistakes I’ve made and who I wanted to be. I didn’t want to have to live a life where I had to hide anything anymore.
Cool voice guy: [00:46] Welcome to the ECOMMERCE, but where we focus on the people, the products, and the process of even commerce selling today, here’s your host, Steven Peterson.
Stephen: [01:00] If you’re ready to set up a strong, reliable accounting system when it’s a real strong foundation for your business. We think we have the answer for you. If this is from accounting, we will go. You’re here listening to us on this podcast. We set up a course and it’s called Amazon accounting. Simplified. Yup. Simple. And we only say Amazon yet it’s really all across ecommerce. We’re talking about integrating quickbooks into your existing or new ecommerce business and new is great because you could set it up right that way, but, but if you have an existing business, how do you integrate? How do you get quickbooks online specifically? How do you get set up in there? Well, we have modules. There’s over 48 modules that will walk you through each one of those steps. I’m going to talk about cost of goods and I didn’t even talk about it.
Stephen: [01:41] We’re going to dive in, parse it, peel it back, and help you understand what it takes. How about chart of accounts, setting up the right accounts, ones that you can use to make decisions. We’ve had hundreds of clients and we come up what we see it have seen as the best practice and I think that’s going to be the best thing for you. Reconciling 10 99 from paypal and Amazon. Good luck. Challenging. Well we’re gonna we have modules, unique modules for each of those because they are unique and so vendor management, accounting for Amazon loans, it goes on and on. I’m just skimming the top. There’s 48 plus modules and more will be added over time. It’s going to help you get up, get set up or get caught up with strong foundational accounting books. Um, we use it to help make decisions. We use it to help predict cash and cash pinch points.
Stephen: [02:28] What you’re going to have, if you’re buying inventory and you’re waiting to get paid for it, you’re going to run out of cash at some point. Wouldn’t it be great to know? You’re just not great that it happens, but it’s great to know when it’s going to happen so you can plan for it. You can make different decisions based on real solid information, historical information that you keep building. That’s part about quickbooks online is our CPA signs right in and does his tax voodoo right through the system. And so I don’t have to hump it over there and we can get a little better rate by doing that. So how do you find out more about it? And again, you should look into it. AMZ accounting, simplified.com forward slash, podcast I’ll say it again, amz accounting, simplified.com forward slash podcast check out all the different modules.
Stephen: [03:09] Checkout what you can do if you really want to get your house in order. If you’re really looking to get that building block established and in locked in place, and then you can build from there, then we recommend the course. So you’re looking for an advantage to help you Wu brand. Well, one of the tools that you can use as scope. You could check out the product and then check out their competitors and find the keywords that are competitors are using and check out theirs and see that they’re not. And then say, okay, I’ve got an idea. Let me do this. Let me enhance your brand. That’s the thing you can bring to the marketplace. When you can enhance the brand, you’re going to win that account. So try it. You get a free trial, but seller labs.com forward slash, scope use the code omentum and save 50 bucks.
Stephen: [03:50] It’s a free trial. Try it and see if you can enhance the brand. Add an important member to your Amazon teams. Solutions. Four ecommerce. Yep. Solutions Four ecommerce. Karen lockers team helps manage our Amazon account. We pay full price just like everybody else. We’ve been using her for a couple of years. And the reason is is because of the results. We modify a lot of listings, especially in wholesale because we’re trying to enhance that listing, right? We’re trying to help the brand. And so guess what? That’s the type of service that we get from solutions for ecommerce. So it’s solutions, the number four e-commerce dot com forward slash, wholesale and you can get $50 off her service. Go try it, give it a shot and say, hey, could you help me get this listing in line? And guess what? That allows you to go out and develop relationships with wholesalers, and then the work gets done by Karen and her team.
Stephen: [04:40] I can’t recommend it enough. We use it again. We pay full price solutions, the number four e-commerce dot com forward slash wholesale save 50 bucks. Get that important part of your team working for you. If you’re ready to learn about wholesale, then I suggest best from the nest and Robin Johnson, her unstoppable Amazon Academy will help you learn from basically even opening account if you’re brand new to Amazon, but then all the way to brand building, how do you, how do you enhance the brain? How do you have that conversation? There’s 300 plus videos, probably more than that by now. So very simple, little as $49 a month. Best from the nest.com forward slash m that’s it. Best from the nest.com forward slash m checkout the services that they offer, checkout some of the events that she hosts. Do you want to go walk around ASD? Check it out best from the nest.com forward slash.
Stephen: [05:35] Emr. It’s time to get the listings, right. So what should you do? You should get your images right, right? So amazing freedom has a program to help you do that. And we’ve used them. It’s phenomenal what they can do. You got to go look at this. So you go to amazing freedom.com, forward slash photos and take a look at the examples of what you can do with an image you take and you them some sample images. Um, some simple images. And then what they do is they take and insert them with lifestyle photos. And so all of a sudden you’re going to see an example of what a plain image looks like and then what it can be enhanced to. Why is this of value to, while you were in the wholesale business? And guess what? You want to add value to the brand. And this is just a simple way to do it. Therefore, all those kinds of services, scroll down to the bottom. If you really want somebody to help really improve this service and you want to bring value to that brand because you want to exclusivity, the services that they offer for listing enhancement will blow your mind. So again, it’s amazing. freedom.com forward slash photos, take a look at what you can do for your brand
Stephen: [06:42] that you’re trying to get. Welcome back to the ECOMMERCE momentum podcast. This is episode 381, Nick Schou cat. Um, the first step is to believe in yourself. Yup. That’s a title. I stayed with it because, you know, the dude’s 31 and he sang such Weiss things, you know, as a dad who has a son about his age, it gives me pause to, to get excited, um, that that generation has figured it out. And so if you’re in that generation, believe in yourself, that’s it. That’s that there’s your permission, right? If you’re not in that generation, if you’re older and you’re my generation, believe in yourself. We used to define ourselves by our jobs, right? Oh, Steve, what do you do for a living? Right? That was it. Well, guess what? None of that matters anymore. The world is changed. Believe in yourself because I do. So let’s get into the podcast. Very cool. All right. Welcome back to the ECOMMERCE momentum podcast. I’m a little sick so you’re gonna have to put up with it, but I wouldn’t put off the interview because I get excited when I see, especially a couple of figuring this out. Um, when you can work together with your spouse, figure it out and then offer help to others because you figured it out. I just think it’s such a great story and there are young way young Nick Schou. Kat, welcome nick.
Nick: [08:01] Thank you. Appreciate you having me on.
Stephen: [08:03] All right. Let’s get it out of the way. How old are you? I’m 31. All right. You’re young relative to me. All right. That’s fair. Um, there are younger, I mean, have you ever seen some of these 18 year olds that just adapt to Amazon like instantly and say, oh my God, if I would’ve known at 18 what I know today?
Nick: [08:21] Yeah, absolutely. I’ve got a two guys that I work with a lot and uh, I follow them very often and there are a few years younger than me and they make my sales look small. Uh, and I’m always going to them for advice and they’re in their early twenties.
Stephen: [08:39] They have no fear. Right? I mean, somebody said that to me once, you get three shots at in life, and I think it’s even more than that today, but you know, it was like, Hey, when you’re, you know, 18, 19, 20 are fresh out of college, then you know, usually you get married in the middle of life you have two incomes, so that helps you another shot. And then once the kids are off to college, you get another shot. I think today, um, some of these kids aren’t going to college because they know computers better than any college can teach them. They have no fear and they see the lifestyle that you guys, I mean, you guys are a good looking couple. They’re sitting there saying, that’s what I want. I can do that too. Is that fair?
Nick: [09:19] Yeah, absolutely. You know, the, the Internet and technology just, just changed everything. And that generation, uh, you know, that just came out of college and that age group, they were really able to capitalize on that, that technology and the leverage that it offers a in the world of online sale.
Stephen: [09:40] I tell this story, listeners have heard this a million times. Computers came out in my high school my senior year midway and so we didn’t have access to it. So anybody your age even has grown up knowing nothing but so it’s a big advantage. All right, so tell me what you were going to do because generationally you’re kind of fit that bill to what were you going to do with your life?
Nick: [10:03] Yeah, so I was just going to go to school and uh, go to college and, and get a job. Um, I really didn’t have any other direction, uh, in my life. Other than that, my father was very successful in his career, but he was always very busy working and I think he kind of just fell into his position also just by working hard and being good at what he was doing. So he kind of just left me out there and not left me. But he allowed me