I don't like to spend much time looking into a camera shooting videos while I'm
in holidays and the Sun is beating down on me so when I do spend time doing this
I make sure that I've something good to share with you and today I've definitely
something that is worth listening to I'm going to explain a totally new concept
that I've just found out from a seller that I've just spoke with here in Malta
and you're gonna find it fascinating if you sell products online especially
using Amazon FBA so I'm just kind of find somewhere here to sit down and jump
straight into it and explain to you all about this meeting really quickly hello
James Greaney here from internetbizuni.com and I said that I just put
together this really quick video today I'm here in Malta I'm on holidays at the
moment look how nice it is here yeah I've decided to have a couple of
meetings while I'm over here so I don't do any work at all while I'm on holidays
but I do like to meet people who have similar interests similar types of
businesses as it's just a great way when you go abroad to just meet a couple of
people that you have been in contact with and wouldn't really get the chance
to meet them unless you go to you know where they are so I've had a couple of
meetings here and yeah I'm gonna have another meeting later but I wanted to
shoot this video to explain to you something that I learned from the first
meeting that I had so I met someone who is originally from the US but they've
now set up their business here in Malta and just for for various tax reasons you
can you can check all that out yourself I've even a video done untaxed that I
will put in the description below so that you can see you know the reasons
why they would set up here in Malta set their business up here and not in the US
and yet just while I'm on that the reason why he was saying at the big
decisive reason was he save four hundred thousand dollars a year by just moving
his business here having his business located in Malta compared to if it was
located like any other business in the u.s. he saves four hundred thousand a
year on tax that he gets to keep in his own pocket
rather than paying to the government so that was his big reason for making the
switch to Montana and setting up his business but that isn't you know the
major thing that I've learned by this meeting with him what I learned is the
business that he runs he used to serve you know hundred percent on Amazon
Amazon FBA up till a couple of years ago and that's when he started using
clickfunnels what clickfunnels is is basically a software which allows you to
build your website you know and upsell a lot of different upsells as people go
through your funnel so it's a way to simply set up your funnels and you know
do upsells and down sells and everything really simply from inside the warrant
software it's it is straightforward as software so I don't want to kind of
complicate it by talking about that too much but I just want to give you the
overall gist of what it is that he does so he's selling products on Amazon and
the products that he was selling were pretty much the same as what anyone else
can sell but what he started notion was that competition was increasing a lot on
the products that he was selling and this of course was decrease in his
margin on these products so he started creating his own funnels where he would
do upsells get people to purchase directly
off him and do upsells as they will go along so this will be increasing the
purchasing price but their total basket cost and he was making a lot more profit
this way rather than simply just selling one of
products on Amazon and then maybe customers coming around purchasing a
product that he could sell but purchasing are off one of his
competitors he seen this trend so he decided to set up his own funnels using
click funnels and by doing that switch his profits have exploded like he is
making way more money now by selling less products than he was from selling
more products on Amazon by simply just being controlled of the whole process
getting all of the customers data when they make a purchase other off him
retargeting them again and again which you can do of course using Shopify but
the big thing that he was telling me why he uses
a quick funnels is for the upsells and for the simplicity of just being able to
draw out your sales funnels and create your sales funnels and model other sales
funnels of successful sales funnels that he has found online selling the types of
products that he sells he's able to model these tweak these around a bish
and simply sell his products a lot more of his products than what he was able to
do using Amazon FBA so he was doing that he was making loads money and that's
when he decided to come over here to Malta because again the whole thing is
streamlined he still he uses fulfillment centers to fulfill his orders he doesn't
always use Amazon's fulfillment centers although he still sells his products on
Amazon but he was saying Amazon accounts for around five percent of his sales
whereas two years ago it was accounted for almost a hundred percent of his
sales you know the stuff that we spoke about here today was so mind-blowing to
me so such an eye-opener that you know the way he could see his business go on
and the way he kind of just made a slight shift to it and he just grew his
business exponentially whereas you know you hear a lot of people say or
competitions coming in there's too much competition on my product don't know
what to do I was doing great not doing great now and then just to see a seller
like this that just you know flip that totally into a positive and has built a
much stronger long-term business now because he controls the whole process he
gets all of the customers data so although Amazon was the best place
for him to start he wouldn't have started with this whole e-commerce
journey he wouldn't have found the successful products that he found
without doing Amazon FBA first but you know just flipping it over and now he's
using click funnels as his main place to make sales and to drive traffic to and
this is working out a lot better for him because he can see exactly how much his
ads been is paying off for each funnel and he can cut off ads that just aren't
profitable and he can run organic traffic etc and just see exactly how all
of this converts inside his screen but you know the figures he was giving me
he's making between three and four thousand
but every day just with the funnels that he has set up to sell his products and
you know he's able to when he live out here and save a lot more on tax so just
seeing his whole kind of setup speaking with him was such an eye-opener for me
I'm so glad that I decided to meet him he reached out to me he has watched a
few of my videos and many seen that I was a mountain he reached out with a
message saying if I wanted to meet him so it's sellers like that and I really
just such an eye-opener I'm so happy that I did decide to meet him I'm going
meeting another seller now who is currently developing a map but they also
sell on Amazon FBA so I'm gonna meet them now and yeah I'll give you an
update after that meeting I'll let you know how that went and any kind of
lessons that I've learned I hope that you have enjoyed watching this video
where I just wanted to give you a quick breakdown of what kinda the meeting is
about what I why I was decided to meet the workers are after when I'd call my
holidays I wouldn't want to meet anyone I just simply just relax for the holiday
but you know when it when opportunities like this comes up to meet really
interesting people then I really do enjoy meeting because that's what it's
all about you don't know who you are going to learn from to kind of meet as
many people who are in around the same field as you and that's you know one of
the main reasons why I love doing what I do because you get to meet so many
people you get to and hear their insight just having open discussions like this
with other sellers really benefits me and you know I want to bring these these
videos to you explain it to you and I learn by them and I hope that it and it
trusts you if it does please leave a comment down below if you want to see
more videos like this and I will make sure to shoot any videos you know just
giving you what an earner along the way always
and I'll keep updating them so hope that you have enjoyed this video and I look
forward to speaking to you on the next one
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