ManageByStats This Week – Issue 1912
We’re just getting back from the Prosper Show in Vegas, and we’re excited about all the good that came from that fantastic event. Dedicated to Amazon sellers, Prosper was the epicenter of awesome for those two days.
It was exciting to get to see so many of you in person, to both connect with those of you who’ve been with us already, and to meet our new users and the new members of our MBS family. We look forward to a long and prosperous relationship.
In these weekly letters we bring you Tips & Tricks for MBS, either new stuff or things you may not have known. We have a Sellers’ Paradise section for general interest items in the world of eCommerce. This week, for example, we offer insight on chatbots.
In The World of Amazon each week we bring you helpful info on the titan in whose sandbox we all play. This week it’s Amazon’s strategy when it comes to 3rd-party Sellers.
And each week we bring you a little Humor, something to make you smile, as well as a tasty Quote of the Week to bring a little inspiration.
Great again to see you at Prosper. More great shows are coming. Check out MBS Out & About for where to find us next.
Have a great week!
TIPS & TRICKS
Amazon is collecting and remitting taxes on Sellers’ behalf for sales in several US States. To reflect that we’ve added a column in the Geo Analyze section of your ManageByStats (Customers > Geo Analyze).
Any state where the MFT (Marketplace Facilitator Tax) is being collected will show the value of the tax collected in the new MFT column:
You can sort and apply the usual filters available for the Geo Analyze function.
The MFT column is just one more way to maintain awareness of the complete sales picture, and where your revenue is going.
Ecommerce chatbots have enabled a new form of businesses operation for the web: Conversational Commerce. Powered by chatbots, conversational commerce has not only made conversions easier, but also up-selling and cross selling of more products.
This article explains how to create a chatbot with 5 killer tips to integrate the best of the chatbots in your business. If you’re thinking about adding chatbots to your online store, take a look at these professional tips …
THE WORLD OF AMAZON
Amazon’s responding to a wake-up call: The retail company makes more money letting other people sell to customers on its marketplace than it does selling to customers itself.
Strategy has shifted accordingly. The company has been opening up more e-commerce features and capabilities to third-party sellers that were once reserved for wholesale vendors, and shifting resources to be more hands-on with third-party sellers …
MBS OUT & ABOUT
SellerCon is the event you don’t want to miss, and it’s happening this June 21st thru the 23rd. Join thousands of Amazon sellers in Las Vegas, Nevada to discover what’s working now on Amazon, what’s changed, and how to build a thriving global brand.
ManageByStats will be in attendance, and we’ve got a very special deal we’re sharing with you here. For more on SellerCon — and to get this special offer — visit the SellerCon site:
PROMO CODE: MARCH25
IRCE Chicago begins two days after SellerCon, so there’s time to do a little state-hopping and head there from Vegas after SellerCon ends.
Sign up for IRCE here:
Promo Code: EXIV838375
Do you believe that people working together can accomplish more than one person can do on their own?
What if you had a group of allies, all intent on the same goal?
Welcome to Empowery. The Empowery eCommerce Cooperative is about uniting the power of individual Internet Sellers so that each member can accomplish more.
Empowery members have access to a network of successful business owners on whose expertise they can rely on to help them over business-related speed bumps. In return, your knowledge and experience add valuable authority to the group.
They’re having a 3-day Inaugural Summit in Seattle this May, the 16th thru the 18th.
General Admission: MBS20GA
VIP Admission: VIPMBS20
We’ll be sharing more in the coming newsletters. This is a great opportunity to connect with a network of like-minded entrepreneurs, allowing you to both add to and draw from a stable source of knowledge and power.
A guy walks into a restaurant with a full-grown ostrich behind him …
The waitress asks for their orders. The guy says, “A hamburger, fries, and a coke,” and turns to the ostrich, “What’s yours?”
“I’ll have the same,” says the ostrich.
A short time later the waitress returns with the order. “That’ll be $18.40, please.” The man reaches into his pocket and, without looking, pulls out the exact change for payment.
The next day, the guy and the ostrich come again and the guy says, “A hamburger, fries, and a coke.”
The ostrich says, “I’ll have the same.”
Again the guy reaches into his pocket and pays with exact change. This becomes routine until one night they enter the restaurant and the waitress asks, “The usual?”
“No, it’s Friday night, so I’ll have a steak, baked potato, and salad,” says the guy.
“Me too,” says the ostrich.
The waitress brings the order and says, “That’ll be $42.62.”
Once again the guy pulls the exact change out of his pocket and places it on the table. The waitress can’t hold back her curiosity any longer. “Excuse me, sir. How do you manage to always come up with the exact change out of your pocket every time?”
“Well,” says the guy, “several years ago I was cleaning my attic and found an old lamp. When I rubbed it a genie appeared and offered me two wishes. My first wish was that if I ever had to pay for anything, I would just put my hand in my pocket and the right amount of money would always be there.”
“That’s brilliant!” says the waitress. “Most people would wish for a million dollars or something, but you’ll always be as rich as you want for as long as you live!”
“That’s right. Whether it’s a gallon of milk or a new Ferrari, the exact money is always there,” says the guy.
The waitress asks, “But, sir, what’s with the ostrich?”
The guy sighs and answers, “My second wish was for a tall chick with long legs who agrees with everything I say.”
QUOTE OF THE WEEK
“Entrepreneurship is living a few years of your life like most people won’t, so you can spend the rest of your life like most people can’t.”
To your success,
Your ManageByStats Team
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