Nicolas Olague’s Post

In 16 years, I’ve built a number of successful Amazon stores. Here’s my biggest learn: 👇 Put people in places that they’re good at. When we first started out, We had poor systems, ↳ Employees in the wrong place, ↳ Which meant employees weren’t growing. This lead to the business growth being slow, Even going backwards at times. Something had to change. So we put proper systems into place, ↳ Employees in places that they could grow ↳ And helped employees flourish in/ outside of work. The business grew exponentially. Thousands of sales later, I’m taking on a select few Amazon sellers looking to drive growth and profit into their stores, Helping them to optimise their product listings, And offering guidance from myself and my team of experts. Want to be a part of the select few? Message me "SCALE" to join the waiting list... #Amazon #AmazonFBA #AmazonSeller #AmazonAdvertising

I've been in the e-commerce industry for 16 years, → I didn't become an overnight success → I went bankrupt on my first business → I've made mistakes that lost me 6-figures If I'd chose to let my failures get the best of me, Instead of learning from them and persisting. I'd be doing a job that I hate. Yet, through consistency and learning: → I've built an 8-figure logistics business → Used my network to build multiple 8-figure Amazon stores → Helped other sellers scale their Amazon store Building a successful business takes time. A problem isn't a roadblock, But merely a pothole.

I was very lucky to ride Amazon's growth, going from a Senior Manager of 6 people to a Vice President with 800 people. How do we maximize our chances of being "lucky?" Part of "luck" is preparation. I had already held executive roles at smaller companies and managed larger teams, of about 30. So I had relevant skills to grow as Amazon grew. As a result, I moved up faster than most of my peers. Action: wherever you are, relentlessly grow your skills. Otherwise, when opportunity comes you may not be ready to seize it. Part of "luck" is humility. I had VP titles at three startups over a five year period before Amazon offered me a Senior Manager role. It hurt my pride to step back so far in title, but I got over it and committed to the job. I could have "held out" for a role more similar to previous roles but this would have been a mistake. Action: Be willing to take any seat you can get on the right bus. Part of luck is taking risk. I moved with my young family across the country to join Amazon. We were scared and uncertain. It is called "a risk / reward tradeoff" because high reward is often only available with increased risk. Luck is a term we associate with gambling, which means placing bets that have high returns if you bet right. Action: Take the risks. You must get on the right bus even if it is inconvenient or scary. Part of "luck" is awareness. I had been watching Amazon for years when they called me. In a previous job we had a partnership with Barnes & Noble. I watched how "brick and mortar" retail had no idea how to go online. When Amazon called, I was aware of their strength and market position. Action: You have to be able to recognize "the right bus" when it comes by. The right bus, more than anything, will be growing. Businesses that are not growing (a) are often in trouble and have lost their direction, and (b) cannot offer you the same opportunity. I also had some "pure" luck: --Multiple times less supportive managers moved on and I was reorganized under more supportive managers --I was initially able to choose a high profile, high growth project within Amazon --Amazon was far more than I predicted. I joined a successful eCommerce company. Bezos led it to diversify into AWS, consumer electronics like the Kindle and Alexa, media, and advertising. I definitely am not claiming that my same actions would always get me the same results. Without the true luck, I would have had a successful career, but most likely nothing like what happened for me. In summary: "luck" comes from being prepared and skilled, then taking risks on things that are new and growing. Banks and the car business grow slowly. Fintech and Tesla have grown quickly. Find the new things where growth is still possible. Readers - I am *very* interested in other ways you have found to increase your odds of "being lucky." Please do comment, as I would like your help building out better advice for the future. Follow me for more!

This is a great post explaining how luck works. I have a video explaining the three principles of luck: https://lnkd.in/dXvEmX8z 1. Luck is by definition mysterious 2. Luck is mostly worked through people, not events (unlike our go-to example of winning lotteries) 3. Move the distribution of causes, the distribution of results will follow

📈 Amazon lost $5.11b (Inflation Adjusted) in 7 years. 📉 Temu has lost $3.65 billion in less than 2 years. ✋️ Why Temu Won't Overtake Amazon? Temu's rapid growth and deep discounts are grabbing headlines, but there is a reason it likely will not be enough. 1. Strategic Focus: - Amazon built a robust infrastructure and invested in technology for long-term growth. - Temu relies on extreme discounting, attracting users with low prices but risking long-term sustainability. 2. Market Environment: - Amazon pioneered the e-commerce market, setting standards and building trust. - Temu competes in a mature, saturated market with established players like Amazon and Walmart. 3. Long-Term Viability: - Amazon reinvested profits to ensure sustainable growth. - Temu's $3.65 billion losses in two years highlight the risks of relying on a "loss leader" strategy. This approach, while driving rapid user acquisition, undermines profitability and sustainability. Without significant improvements in quality and customer trust, Temu’s model is precarious. While Temu’s approach has led to quick gains, Amazon’s strategic investments and market leadership make it the clear winner in the long run. #Ecommerce #BusinessStrategy #Amazon #Temu #MarketLeadership

Why do you think new Amazon sellers close their stores? Lack of Support and Guidance: Many sellers feel overwhelmed without proper mentorship or resources. Unrealistic Expectations: Entering the market with high hopes but little preparation can lead to disappointment. Poor Product Selection: Choosing the wrong products can result in low sales and high competition. Financial Strain: Underestimating costs and overextending budgets can push sellers out of the market. Negative Feedback: Harsh reviews and returns can erode confidence and motivation. Marketplace Challenges: Navigating Amazon’s policies and competition can be daunting without the right strategy. Opportunities for growth and learning are essential. Many sellers shut down when they don’t see a clear path to success or lack the tools to overcome challenges. P.S. Sellers don’t quit Amazon; they quit ineffective strategies. P.P.S.: What do you think causes new Amazon sellers to close their stores? #amazon #amazonfba #amazonwholesale

Is anyone else noticing Amazon’s big moves lately? They're signing massive 1M+ SF warehouse leases left and right - over 15 million square feet in Phoenix, the Inland Empire, Stockton/Modesto and more. This is quite the reversal from their slowdown / recalibration in 2022-2023. Looks like they're back to betting big as e-commerce hits almost 16% of total retail sales. That's huge. For the industrial market struggling with record high vacancies, Amazon's expansion is like a big dose of Vitamin C. Markets scoring large Amazon deals will likely burn through that excess space much faster than average. So here are my takeaways: - Amazon is still the alpha dog in the industrial world. Where they plant their flag, markets follow. - E-commerce keeps chugging along post-COVID. Amazon's clearly playing the long game. - 57 msf of Amazon absorption projected this year will make a real dent in that oversupply. Every bit helps! I know the industrial market's taken some lumps lately. But don't count it out just yet. Amazon doubling down is a major vote of confidence in the sector's future.

Examine the distinction between prospering with #GrowWithAmazon and suffering in its absence! With GrowWithAmazon: Skillful Advice: Take advantage of our seasoned professionals who are intimately familiar with the Amazon platform. Tailored Strategies: Get solutions that are specifically designed to meet the objectives and needs of your company. Optimised Sales: With our tried-and-true optimisation methods and approaches, watch as sales skyrocket. Smooth Integration: Take pleasure in a hassle-free encounter with all-inclusive management offerings, ranging from inventory to client assistance. Results-Oriented: Observe quantifiable expansion and concrete outcomes that advance your company. Without GrowWithAmazon: Limited Expertise: Handle Amazon's complexity on your own without professional assistance. Broad Approaches: Pass up tailored tactics that could unlock the full potential of your company. Missed Opportunities: Without effective management strategies, struggle to increase exposure and sales. Disjointed Operations: Attempt to balance several duties and obligations, endangering productivity and expansion. Uncertain Outcomes: Without a results-oriented strategy, encounter uncertainty and stagnation. Ready to elevate your Amazon business? Choose #GrowWithAmazon and unlock your full potential! #AmazonSeller #MarketplaceManagement #amazonsellertips #amazonsellercentral #amazonaccountmanagement #amazonproductlisting

Amazon's peer-to-peer delivery service is revolutionizing last-mile logistics by empowering everyday people to deliver packages. This model not only creates new income opportunities for individuals but also enhances delivery speed and flexibility. Whether you're a student looking for extra cash or someone with a flexible schedule, you can now play a key role in Amazon's logistics network. It’s a win-win for customers, who get faster, more localized deliveries, and drivers, who benefit from flexible earning potential. As this service grows, it’s reshaping how we think about deliveries and local communities. Convenience meets collaboration in a way that’s never been done before. Don't miss out on valuable content! Follow Growjunction for more insights, tips, and updates Ready to elevate your Product Management skills? 🚀 Join our upcoming Program and take your career to new heights! Secure your spot now:  https://lnkd.in/gS3cJWBb #AmazonDelivery #PeerToPeer #LastMileDelivery #GigEconomy #LogisticsInnovation #FlexibleIncome #AmazonLogistics #ProductManagement  #GrowJunction

📈 **Amazon Achieves Record Profit of $15.3 Billion in Q3!** 📈 Amazon's Q3 earnings report has exceeded analyst expectations, posting its highest-ever quarterly profit of $15.3 billion! This record-breaking performance is thanks to robust revenue growth, a commitment to cost control, and strategic shifts led by CEO Andy Jassy since 2021. Key highlights: - **Double-Digit Margins:** Amazon achieved double-digit operating margins for the first time, driven by efficiency improvements. - **Streamlined Operations:** With a 27,000-employee reduction since late 2022, Amazon is focused on more measured hiring and regionalizing logistics to cut costs. - **High-Growth Segments:** AWS, digital subscriptions, and advertising are growing faster than traditional retail, boosting overall profitability. Amazon’s success shows the power of disciplined leadership and strategic evolution in a competitive landscape. 🚀 For more details, check out the full report: https://lnkd.in/djK9XcQS. #Amazon #Earnings #Growth #Q3Results #Profit #Leadership #AWS #Ecommerce #CostEfficiency #TechNews #Innovation #Amazonsellers