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🏆 And the answer is… 🏆 Thank you to everyone who participated in this week's "Question of the Week" challenge! Unfortunately, no one got it right this time. The correct answer to the question, "Which tech giant famously pivoted from a game called 'Match Box' to become one of the world’s biggest platforms?" is Amazon! 😎 Don’t worry if you missed out this week - another question is coming your way next Monday! Make sure to follow our PMF and TLS LinkedIn pages and subscribe to our newsletter so you don’t miss your chance to win. 🤩 Stay tuned and good luck for next week’s challenge! #PMF2024 #ProductManagement #productmanagers #TechLeadershipSummit #Giveaway #TechLeaders #WeeklyChallenge

I was asked today how you can grow your profit and scale at the same time. Hard one! You will not face a huge growth nor a significant profit increase at the same time - it is usually either one or the other. The best approache is to segment the strategy per product if you have more than one and try to decide what is the priority - growing or being more profitable? Going after both blindly will just prevent you from being successful. Choose the right approach and take action. Note sure what to do? Reach out to the Trivium Group or Mina Elias and ask for an audit. We’ll help you out. #anazongrowth #amazonseller #amazonppc

The formula for success: exceptional product + effective promotion. From launching .Club and its journey to acquisition, to the rigorous creation of Start. Scale. Exit. Repeat., achieving a stellar Amazon rating. Discover how these principles can transform your vision into reality with Colin C. Campbell! 🚀

📢📢Prime Week📢📢 #PuttingTheRMEinPrime #AmazonRMETeam in #LIN8 is ready for the summer Black Friday challenge! For Amazon RME Team, it's time to go all-in: a wave of orders awaits, ready to test our skills and commitment. But we're ready! #Safety and #Teamwork #Safety is our core value, and during Prime Week, we make it our top priority. Rigorous procedures, continuous training, and a safe working environment allow us to approach this challenge with the utmost professionalism. But Prime Week wouldn't be possible without the #Teamwork of the entire RME Team. Each of us, from every every job title, collaborates with passion and dedication towards one goal: to guarantee an impeccable shopping experience for our customers. Together, we overcome any obstacle We are a united, close-knit team, ready to face any challenge. Prime Week is an important test, but we are confident that thanks to our commitment and collaboration, we will succeed. #PuttingTheRMEinPrime #PrimeWeek #AmazonRMETeam #SafetyFirst #TogetherWeFaceEveryChallenge

Here's the real power move this week. 👉 Start planning for October Prime Day now. Smart sellers who grow month after month aren't just focused on one event. They're building a strategy for year-round domination. This is the kind of strategic thinking that separates multi 7-figure sellers from the rest. Watch to the end to hear Titan Mentor Matthew Turvey suggestions for planning ahead. #amazonprimeday #amazonsellers #amazonfbaseller #amazonfbatips #amazonfbaexpert #sellingonamazon #amazonsellersclub #amazonsellertips #businessgrowthtips

A big thank you to everyone who joined us for the first episode of Seller Circle x Klub: WTH is Amazon? We're excited to continue the journey with Episode 2 on 23rd August! This time, I'll be diving deep into Amazon Advertising Strategies with a focus on: 1️⃣ Tips on Increasing Your Placement 2️⃣ Building Objective-Based Campaigns 3️⃣ A Holistic Approach to Amazon Advertising 4️⃣ How to Make Your SP, SD, and SB Ads Work Together for Scaling Don't miss out on actionable insights that can help you elevate your Amazon game! with Important KPI Register here: https://rb.gy/m9h5iv Looking forward to seeing you all for Episode 2 #amazonadvertising | Amazon Ads Partners

2024 was a year of growth here at Channel Key LLC, starting with our acquisition of True Hero: Amazon Marketplace Strategy. The process required adjustment across the team. Adapting to new team members, new service offerings, and new tools: we've handled everything this year threw at us. We’ve also faced new obstacles with the types of brands we’re managing—working more with established incumbents rather than challengers, tackling different categories, and navigating entirely new product types. The team has embraced these changes, and seeing their growth has been inspiring. For me, the integration of TrueHero has been eye-opening. It’s shown us new ways to operate and offered fresh perspectives that have been invigorating. Personally, it’s pushed me to explore different approaches and ideas, which has been both challenging and refreshing. Integrations are tough. They're time-consuming and don't happen overnight. It’s easy to focus on where we are now and forget where we started. Looking back, the changes and growth over the past year are undeniable. This progress is something I'm proud of as we continue moving forward. #ChannelKey #TrueHero #Growth #2024Reflection

📈 Amazon sellers, it’s time to level up! 📈 If you’ve been navigating the complexities of Amazon or thinking about launching your business on the platform, now’s your chance to gain insider knowledge. On October 24th at 11 AM MST, Ali Davey and I are hosting an exclusive webinar that will help you: -Understand the key differences between 1P and 3P selling -Learn how the 3P Partnership Model can transform your approach -Tap into real-world strategies that have proven successful for Amazon sellers at all stages At WishingUWell, we’ve built a solid track record helping businesses not just survive but thrive in the Amazon ecosystem. we will share what works—and more importantly, how you can accelerate your growth by partnering with us. 🚀 😁 This is an opportunity to gain a competitive edge in a rapidly evolving landscape. Don’t miss out—register now and get ready to take your Amazon business to the next level! 👉 https://lnkd.in/gfAz6i-9 #AmazonGrowth #EcommerceStrategy #1Pvs3P #Webinar #WishingUWell #BusinessGrowth #AmazonSelling

💡What do 🎥MoviePass, 🦞Red Lobster and ☁️Nirvanix have in common? They all made the mistake of not aligning their revenue model with cost. 🎥 MoviePass: Turned seeing movies (in theaters) into a subscription service. What happened? They dropped prices to a flat fee of $10 per month to see unlimited movies. While this drove customer volume – subscribers went from 20,000 to 3 million in a few weeks – they were losing money on nearly every single customer. Avid moviegoers could cost them upwards of $450 per month, and total losses racked up to $40m+ per month. Where are they now? After filing for bankruptcy and being sold back to the founder for $140k, MoviePass is staging a comeback, this time with guardrails on what you get for the price. For now, at least, the company is profitable.  🦞 Red Lobster: An American restaurant chain with over 600 locations, established in 1968. What happened? An offer of ‘endless shrimp’ for $20 brought in twice as many customers as expected and led to record losses in 2023. Amazingly, the same thing happened twenty years prior with an ‘endless crab’ promotion that lost the company $3.3 million in seven weeks. Where are they now? The chain kept endless shrimp on the menu but raised the price to $25 is now reportedly considering filing for bankruptcy. ☁️ Nirvanix: Cloud storage pioneer with first mover advantage, partnerships with heavyweights like IBM, and plenty of funding (~$70m in total). What happened? The company priced in a way that aligned with cost – $ per GB – but too low. Competitors like AWS, GCP and Azure had economies of scale that Nirvanix couldn't access, and the price they put out there couldn’t have been sustainable without increasing it significantly. Where are they now? Nonexistent. The company closed its doors suddenly in 2013 and reportedly gave its customers two weeks to move all their data out of its facilities. 💡The lesson: You must factor in your cost-to-serve as you develop your pricing model – whether you’re selling seafood or cloud storage. I went into the MoviePass pricing story in more depth during my time at Insight Partners if you’d like to read more - link in comments. #pricingstrategy #pricing

Great insights as per from James Wood. We pricing experts rightly guide companies with differentiated products away from cost-plus pricing. It’s (mostly) true that customers don’t care about your costs - they care about your willingness to pay, and so cost-plus (as opposed to value-based) pricing will always under-monetize your product. But it would be a mistake to conclude that costs don’t matter for setting prices. They really, really do. You need to know your costs and, especially in the case of “unlimited use” models like James’s examples, how they scale with usage. The obvious application of this is to ensure that you don’t end up losing money on your offering, like Red Lobster, MoviePass etc. But the less extreme case also holds. If your company objectives are either to maximize profit or just keep profitability above a certain threshold level, you can’t achieve that without understanding your costs. This is particularly salient given the prevalence of GenAI products we are seeing. The cost of GenAI usage may drop over time, but is currently very high. You may make a strategic to not fully cover costs in the early days to boost adoption. But you should make sure you fully understand what those costs will be so the trade offs are clear. Costs DO matter for pricing. Make sure you know yours. #saas #startups #pricing