Show notes
Welcome back to The Serious Sellers Podcast! In our latest episode, we had the pleasure of hosting a special guest for the fourth time. Norm Farrar, a seasoned expert in the Amazon industry, joins us to discuss some exciting topics and share valuable insights. Tune in to discover what Norm has been up to lately, including his strategies for getting Amazon or E-commerce brands into retail stores and the latest strategies in marketing your brand inside Google Business Profile.Is your brand or product ready for retail? Norm delves into this question, providing practical advice and highlighting the importance of being prepared before taking the leap. Additionally, he shares his experiences and candidly talks about the challenges faced when dealing with certain buyers in the retail industry. Norm also brings us up to speed on the latest developments with Google My Business and Google Business Profile. Find out what’s new and how these tools can enhance your online presence and increase visibility for your brand. Make sure to stay tuned for Part 2! It’s an episode you won’t want to miss! In episode 460 of the Serious Sellers Podcast, Bradley and Norm discuss: 01:09 – Another 4-Time Guest In The Serious Sellers Podcast! 02:52 – What Norm Been Up To Lately? 03:36 – Getting Amazon Brands Into Retail Stores 07:34 – Consider Independent Retail Stores 15:33 – Is My Brand Or Product Ready For Retail? 20:46 – “Some Buyers Are Jerks” 22:30 – What’s New With Google My Business / Google Business Profile? 30:59 – Norms Healthy Habits & Hobbies Outside The Amazon Grind 32:52 – Make Sure To Upgrade To Google Analytics 4 34:04 – Stay Tuned For Part 2! ► Instagram: instagram.com/serioussellerspodcast► Free Amazon Seller Chrome Extension: https://h10.me/extension► Sign Up For Helium 10: https://h10.me/signup (Use SSP10 To Save 10% For Life)► Learn How To Sell on Amazon: https://h10.me/ft► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Today is part one of an information and strategy packed two part episode with the Beard Guy, Norm. Now, in this first episode, he’s gonna be talking about how to get into retail stores in order to get up to three quarters of a million dollar purchase orders, and also the latest with Google Business Profiles and more. How cool is that? Pretty cool I think. Bradley Sutton: Did you know that just because you have a keyword in your listing, that does not mean that you are automatically guaranteed to be searchable or as we say, indexed for that keyword? Well, how can you know what you are indexed for and not? You can actually use Helium Ten’s Index Checker to check any keywords you want. For more information, go to h10.me/indexchecker. Hello everybody, and welcome to another episode of the Serious Sellers Podcast by Helium 10. I am your host, Bradley Sutton. This is the show that’s a completely BS free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. And now, I believe, if my math is correct here, for the fourth time, I think you’re only the second person who has ever been on the podcast four times. Cuz you know, we have a guest once per year and we don’t bring everybody back. You know, it’s by popular demand, you know? So Norm, I’m pretty sure Kian was the first, but now the second person to ever be invited back total of four times, Norm Farrar. How’s it going? Norm: It’s going great. What an honor. Four times Bradley Sutton: Love it. I love it. I don’t know. What’s that? Three times that trifecta. Four times. Is there a word for that? Norm: I don’t know. Lucky? Bradley Sutton: I like it. Well, my dad always says better lucky than good sometimes, right? That’s right. So guys, we’re not gonna, you know, since he’s been on here before, we’re not gonna go into this full backstory. I took the liberty of writing down his old podcast number. So if this is your first time you’re hearing Norman, you wanna learn more about him very first time he was on the podcast was episode 80, so make sure to check that out. You can get his backstory. And then in episodes 211 and 327, like I said, about one, one per year. He was sharing a lot of good tips on, you know, Google my business and Amazon Post what it was just getting started off and press releases. And so, you know, last time we talked about Google Business profile, and I’m sure we’re gonna be talking about some, you know, things that are up to date there, but tons of information in those episodes. So make sure to, to give those give those a listen at your leisure. But anyways, we’re here now in, in the middle of 2023, and we want to see what’s been cooking, you know, for you. So, so how’s, how’s the last beer? The last beer? Yeah. Have you been drinking a lot of beer? Norm doesn’t drink at all. Last beer he drank was probably never, but yeah. How has the last year been for you? Norm: It had its challenges. You know, Amazon’s not always acting the way I want it to. But, you know, you have to learn to be resilient and you have to find different channels, and, and that’s what I’ve been doing. So I have been exploring Walmart quite a bit for the last two years. Carrie and I have been, you know, talking back and forth about that getting heavily into retail. So now retail, what do Bradley Sutton: You mean by retail? Like, like, like brick and mortar or Yeah, Norm: Yeah. Getting into bricks and mortar. So not literally, but you know, trying to get the brand on. Yeah. And Bradley Sutton: You could sell brick and mortar in brick and mortar, I guess you like, get a product in Home Depot or something, but that, yeah. Norm: I guess you could. So no, it’s, it’s been great because I’ve been learning just a process on how to go and approach all the big box stores as well as the mid and the independent retailers and have seen, well put it this way, you know, when you have a single purchase or, you know, a weekly purchase, okay, you might sell a hundred, a couple of thousand, whatever it could be. Well, you get a purchase order from Costco or from Walmart, whatever. They’re talking, well, I showed one we were on the cruise together, the online sellers cruise. I showed one that I picked up the day before I left, and it was $279,000 for this one buyer. Bradley Sutton: This is one of your products or like a client’s product or? Norm: No, I represent a few brands. So this is one of their brands that were on the marketplace. And sometime in the last seven days, there was another one that I just showed. I showed up for 710,000. Bradley Sutton: Hold on l let’s take that quarter of a million dollar one. Yeah. Walking back, was this originally an Amazon? Only brand. Okay. So, so they’re an Amazon only brand. What they reach out to you and like, Hey, we’re interested to get into retail, or you were looking at their account like, Hey, why, why don’t we get this in retail? Walk us through how this happened. Norm: Okay. So I talk a lot about retail. And so one of these Amazon brands a good brand, I reached out and, you know, asked if I could do anything with them with the brand. And I said, yeah, this is what I can do. I’ll introduce you to a bunch of retail buyers. I’ve got a enough experience and a big enough database that if anybody is looking for pretty much any buyer in and all the main retailers, I could pretty much do an introduction. So what I started to do was create these emails, craft them so they were worded properly help guide them with their with their catalog. So you wanna have a wholesale catalog to show the buyer. So just got them retail ready. And then it doesn’t happen all at once, but it could happen in the first month. Norm: It could happen in three months. But all of a sudden buyers start to get in. We got one today from the toy the senior brand developer dev, the senior brand manager in toys at Walmart saying, Hey, do you have any toys that you can introduce us to? So, yeah, we just, we take those and we ship ’em over to the buyer. Then the buyer it’s their prerogative if they wanna respond back to the buyer or not, or to the seller. If they do, they’re, they’re just dealing directly with them. So yeah, we’ve got quite a few brands into the retail market recently. Bradley Sutton: Yeah, I mean, that’s what I’ve always been, been preaching. You know, before Helium 10, I was working for a company that was mainly in retail. And you know, I, I’ve said this story a lot of times, but I’m always proud of myself. Yeah, I brought their sales from like one to 3 million, but that’s nothing compared to, you know, they’re, they’re in every Walmart and, and every retail store. And I, and I got them into like a bunch of grocery stores and the POs dwarf, what is going on on Amazon. If you think about, hey, there’s 4,000 Walmart stores, you know, each store has to have, you know, quantity on the shelf. And so, you know, each store is buying a few cases of the product. You can do the math about the kind of numbers that that show up. So, so like that takes kind of like special people like yourself. I know, like, you know, my old company, we used to use brokers and stuff cuz you, you can’t just like go knock on the door of, of Walmart or Kroger or something like that and say, Hey, introduce me to your buyer. I wanna, I wanna show this to them. So like, you know, how have you, how did you get to the point where you, you actually can go in and do that? Norm: Yeah. One of the things that you know, we do preach is that if you want to go and use a distributor, by all means go ahead. Because they have this grouping of retailers that they’re already in. So if they’re a toy distributor or supplements or whatever it is that’s a fast track, you pay a little bit extra for that. So if you do have the margins that are built in, then great. When I first started working with distributors, this is when my family owned manufacturing companies, so we would be working with them and, and we had all the margins that we needed to build were that were built in. So we made a nice little profit, but to do it on your own, these are just, we’ve just searching the internet, trying to get into different buyers. Norm: Linkedin does a great job, but more importantly, you can knock on a buyer’s door. But if you don’t set up and talk the lingo one of the things I would recommend is learn the, the language of retail. And if you can do that, that’s great. If you come off that you’ve never done this before and you’re a hack, well, they might just put you in the other pile. People that can, that, that come retail ready, they have the proper packaging, they have the right catalog, and their emails are properly written then you’ve got a chance and that’s going direct. And again, I’m not, I’m, I I’m not even naming my service. I’m, I’m just telling people this because I, if they’re gonna do it and they wanna have a chance, they’ve gotta look professional. And another big tip is that when you get that buyer and they do send you an email, if you’re gonna wait more than 24 hours, forget it. Norm: You’ve gotta get back and forth to them. And one fear that I’ve seen a lot of sellers in Amazon have is that, well, one big one is cash flow. I’ll talk about that in a sec. But the other one is how do I, I I only have so much inventory, and if they want to have a container load, which will never happen on your first order, but if the fear is, oh, they’re gonna order too much, it’s gonna kill my Amazon listing, that’s gonna go down the tubes, and then I’m not making that much profit on the other, and I don’t even know if I can get all the inventory to them. So what you can do is when you, when you do get that initial po you can talk to the buyer, they know that first of all, you’re gonna get a test po, then you’re gonna get something that’s probably more regional, a few more stores, then it’ll spread out, and then it’ll spread out. Norm: But during that first time you can let them know that you’ve, you’re gonna create better retail packaging or that your product, we just ordered enough product from China, it’s gonna take a month to get here. There, there’s no problem, there’s no problem with that. So anyways, those are just a, a few tips. And then cash flow, you gotta be careful. Sometimes I tell people if they really want, or if they’re really cautious about cash flow, which you should be you can always go to independent independent not grocers, but retailers. I, I live in a small hick town, you know, more cows than people. And we have a pet store independent, we have the variety stores, we have all these independent stores in town. They’re still, I mean, they’re not dead. Some people think they might smell funny, but you can go and approach these people and say, Hey, you know, I have this really great soap, and if they wanna be a little bit different than buying Dove or Irish Spring, and they want a natural soap, all how much is a case? Norm: So you give them a case, or your minimum order quantity might be two cases. And guess what? They pay with a credit card, a credit card. Now what I found, if you do have a bit of cash flow and you work out all these terms with your, with the buyer, okay, right at the, during the contract, and you, you know, if it makes sense, great. If not, don’t be afraid to negotiate. They might come back with what’s best for the chain. And you come back with what’s best for you and you’ll, you could meet somewhere in the middle. Bradley Sutton: Interesting. Interesting. Okay. So, you know, should I be at like, at a certain level before I even start thinking about this? Or, you know, maybe I’m still newer on Amazon, but I’ve got like rock solid pricing. So I’ve got decent profit margins, I’ve got amazing packaging, retail ready packaging you know, I might even have products stored here at my own warehouse or something. Like, am I ready to go? Or do these buyers wanna see some kind of, so, you know, online history, whether it’s on walmart.com or amazon.com before they, they can see you. Like, how much does that help? Where you can show like your, your, your resume, your your product resumes. Like, look, I’ve been a best seller on Amazon, or I I’ve sold $1 million in the last year on Amazon. Like, how much does that matter? Norm: It really does depend. Like for Walmart, for example, I know this for a fact, like to get onto the Walmart marketplace, they’re looking for seasoned sellers. So they’ll look at your Amazon or they’ll look at your Shopify and bring you over. Now the great thing about going onto the marketplace, they have bees basically pitch fest twice a year. And if they see that your online product is selling, you could get invited to it. But if you want to get down there in front of Walmart and you’ve got a really great product, same thing. As long as you can get in front of the buyer then you might have a chance getting in there, going online for any retailer. Think of it, all these retailers right now have online marketplaces for the most part. If you’re in the pet business, well maybe pet value if you’re target, target.com is actually fantastic platform if you can get approved for it. Norm: But you can check out all of those and get onto those marketplaces. But if you want, you can target it. I’ve seen, I wouldn’t say new sellers probably should probably stay away, but mid-level to advanced sellers. If, if you can show that you’ve got a good product, it’s well-branded. And this is, you know, we’ve talked about this before, just making sure that your branding is consistent and Walmart wants you to have this community, this brand community that they’re trying to build. Well, this is just another level where that retail purchaser or that buyer wants to make sure that you are, your, your brand is consistent with whatever that store is, right? If it’s not, they’re, they’re just gonna pass you by. So if they can go and take a look at your Amazon listing, they see that you…
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