Amazon Legends Podcast
Welcome to Amazon Legends! Each week, join host Nick Uresin as he discovers the real-life stories behind successful Amazon Sellers of all sizes and Amazon experts. Go inside the mind of an entrepreneur as guests share the priceless tips and tricks they wish they knew when starting out and scaling up. Every episode reveals a new part of the roadmap to success on Amazon, so check out the newest episode to start your journey or get your operation back on track!
Amazon Legends Podcast
Winning Strategy for Selling Thru Multiple Channels - Tauseef Syed - Amazon Legends - Episode #248
Join us for an episode with Tauseef Syed, Sr. Director of Client Strategy at NetElixir, and an expert in digital marketing and e-commerce. With over 10 years of experience leading cross-functional teams for renowned brands, Tauseef specializes in driving profitable growth through new customer acquisition. Discover the key strategies for selling through multiple channels as Tauseef shares insights on understanding customer behavior, leveraging AI-powered strategies, and striking the right balance between innovation and branding. Don't miss this opportunity to gain valuable expertise from this digital marketing enthusiast.
Takeaways:
- Diversify sales channels: Selling on multiple channels reduces the risk of relying solely on Amazon and allows you to reach a broader audience.
- Prioritize vertical growth: Instead of adding more products, focus on maximizing sales potential within your existing product range on each channel before expanding horizontally.
- Understand channel requirements: Each channel has specific inventory, logistics, and policy requirements. Familiarize yourself with these to ensure effective compliance.
- Tailor strategies to your audience: Pay attention to your target audience's preferences and prioritize the channels they use for shopping. Develop audience-centric strategies to optimize your approach on each channel.
- RFM analysis: Implementing RFM (Recency, Frequency, Monetary) analysis can help identify high-value customers. Analyze the recency of purchases, the frequency of purchases, and the monetary value of purchases to identify the best customers with the highest lifetime value.
Quote of the Show:
If you're in a fast-growing category but your sales remain stagnant, don't congratulate yourself. A 5% growth may seem positive, but if the overall category has grown by 20%, it indicates a loss of market share to competitors. Instead, pay attention to the category's performance to gain insights about industry trends.
Links:
- Personal – LinkedIn: https://www.linkedin.com/in/tauseefhsyed/
- NetElixir – LinkedIn: https://www.linkedin.com/company/netelixir/
- NetElixir – Website: https://www.netelixir.com/
- NetElixir – Facebook: https://www.facebook.com/netelixir
- NetElixir – Twitter: https://twitter.com/netelixir
- NetElixir – Instagram: https://www.instagram.com/teamnetelixir/
- NetElixir – YouTube: https://www.youtube.com/user/NetElixirInc
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