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The Amazon "Gold Rush Effect" - How eCommerce Will Continue to Grow - YouTube
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everyone on Jamie Davidson with amz
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insiders a little bit about us myself my
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two fellow co-founders chasing and Brad
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sold over 75 million dollars on Amazon
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last year and this year we're on pace to
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do over a hundred million dollars all
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selling on Amazon well today I'm gonna
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talk about a a common question we get
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which is all about the opportunity that
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exists with Amazon or some people refer
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to it the Amazon Gold Rush and what it's
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going to look like in the years ahead
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and there's all sorts of forecasts
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around ecommerce and anytime we talk
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about e-commerce you start with Amazon
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because you know as of today over 55% of
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people start all any search for
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e-commerce starts with Amazon only 27%
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people start with Google and all the
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other platforms combined is divided up
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for the remaining small 20% so the point
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is Amazon occurs by far the dominant
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space and it continues the PI of Amazon
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continues to grow larger and larger and
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continue to dominate even more as this
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total PI of e-commerce or some people
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refer to called the Amazon gold rush or
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the e-commerce gold rush continues to
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accelerate now when you hear it amazon
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gold rush to me that can mean a couple
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of things one is it has a connotation of
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hey there's a huge opportunity which is
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completely absolutely true the second
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thing that may come to mind is there are
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people that attack it kind of
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responsibly and those that kind of get
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into the opportunity without without
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taking the right steps to go about it
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the right way so first and foremost it's
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without question it's a massive
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opportunity that is there for the taking
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for everyone it's already been a massive
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opportunity for the past decade
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with the with the development of mobile
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particularly the e-commerce continues to
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accelerate at an incredible rate
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ecommerce as in total is still only 10%
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of all commerce if you can believe it or
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not as much as use it it's still a
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relatively small percentage and growing
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really really quickly
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it's been growing at an annual rate of
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about 20 percent or so and over the next
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decade that percentage growth has
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continued to really really grow each
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each year as again especially with the
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mobile and other technologies and more
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and more you'll see this you'll see
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retailers probably in your town you see
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major retailers
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just shutting down shutting down getting
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you know the impact of you know kind of
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they call it the amazon effect you know
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so more and more retailers just cannot
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compete to be a brick-and-mortar because
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of all the inefficiencies and more and
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more of you know every brand everyone
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wants to be it needs to be on Amazon in
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particular
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so you're the big things I would say
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with this is you know one be without
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question of course there is a huge
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opportunity
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that being said make sure that you've
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got to go about it the right way just
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because something is a huge opportunity
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doesn't mean there's not going to be
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winners and losers and matter of fact if
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there's not winners and losers an
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opportunity it's probably not an
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opportunity at all it's one of the
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things you're like just like everything
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else is for those that go about it the
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right way those that educate themselves
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they invest in and learning how kind of
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the Amazon ecosystem works or best
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practices the right way to handle
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different things those people have the
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opportunity to really take advantage and
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carve out their piece of this really
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really growing growing pie so to speak
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of e-commerce there's no question there
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no one debates there's gonna be much
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much more growth of e-commerce it's just
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a matter of who's gonna have pieces of
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the pies it's just gonna be big
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corporations it's gonna be you know it's
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just gonna be us and people that are
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started selling on Amazon earlier or is
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it gonna be yourself or is it going to
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be a bunch of people there's you know
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the nice thing is they talk about you
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know a rising tide rides raises all
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boats and that truly is the opportunity
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with with e-commerce so we love hearing
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we hear lots of stories you know whether
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you're a big seller or small seller or
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people just getting underway there's so
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many stories of people literally who had
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never done ecommerce three months ago
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that are now selling $1,000 a day are
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there any guarantees in the space
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absolutely not right it's not you know
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easy money it requires work it requires
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some know-how and knowledge but it's
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very very doable and we've seen people
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from all sorts of backgrounds get into
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e-commerce and take advantage of it of
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the incredible opportunity that
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e-commerce and particularly Amazon
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Amazon Amazon presents because again it
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is the is the dominant player in summary
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we talk about the Amazon Gold Rush
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there's ups and downs when you get into
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your own business or even thinking about
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the
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opportunity but what you should remember
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from a mindset perspective is that this
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this continues to grow there's no debate
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about you know how fast Amazon and
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e-commerce is growing and then that
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being the case a lot of it what we
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talked about is and we do this ourselves
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when we invest in people to help us in
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any aspect of the business or any area
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where we don't quite have as much
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expertise just because nowadays things
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move so quick that you need to learn
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it's not about eventually five you can
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eventually find the answer you could
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find you know you can research you're on
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YouTube you can research anything for
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free but it's really about finding the
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right answer fast enough that you can
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execute things to take advantage of the
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opportunity to make sure that you're
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getting the right advice and perspective
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so again hopefully you find the right
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information or find the right mentor for
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yourself but we continue to be really
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really excited about about Amazon and
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e-commerce and that's why we eat breathe
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and sleep the stuff 24/7 and again we'll
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continue to be really really excited
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about Amazon so if you found that
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discussion about Amazon and the Amazon
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gold rush and the growth of e-commerce
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helpful click the link below actually go
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into much more detail with our free
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workshop and I talked about exactly how
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we did it how we grew our business to
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seventy five million dollars and now
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further right from the beginnings but
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more importantly we talked about how you
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can get started yourself or if your
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you've already got started with Amazon
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we show you several techniques we
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actually show you exactly how we do it
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how we rank products how we pick
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products a lot of the really key aspects
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for it all in the free shop again click
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below and take a look I think you'll I
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think you'll really really got a lot out
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of it
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be sure to hit the thumbs up and be sure
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to subscribe so every week we post new
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content all about Amazon all of our
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latest insights you can follow along and
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last I'd love to hear you know what do
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you think about Amazon and e-commerce
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you know what's your viewpoint on on the
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opportunity is there something that
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you're looking to get started with have
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you already got started with so we'd
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love to hear that or any questions that
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you have about Amazon for us
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