Taylor Smits is the co-founder of MyFBAPrep, a national network of warehouses that empowers e-commerce sellers. MyFBAPrep uses its powerful technology platform to provide Amazon sellers, whether wholesale, private label, or online arbitrage, with next-level FBA prep services.
Taylor Smits graduated from Syracuse University with a degree in Business Administration, Management, and Operations. In 2010, he started on his e-commerce path by selling sporting event and concert tickets online, and he has since added drop-shipping, private label, and wholesaling to his repertoire. Outside of the office, Taylor is a licensed pilot, a certified scuba diver, and an ordained minister.
Here’s a glimpse of what you’ll learn:
- How the COVID-19 crisis has impacted digital nomad Taylor Smits
- Why are FBA listings currently taking longer to ship for Amazon Prime users, while FBM delivery times are now quicker?
- Taylor’s background as a corporate headhunter and how he met his business partners
- How Taylor got hooked on e-commerce and started selling on Amazon
- What Taylor would do if he was in the entertainment industry facing the current COVID-19 pandemic
- Peloton’s business model, and how it successfully adapted to new social distancing rules
- Taylor’s experience selling on Amazon during the pandemic, and why e-commerce is a great place to be right now
- Have we hit the tipping point in the US economy?
- Taylor’s advice to people who lost their jobs because of COVID-19: try these valuable online courses about e-commerce
In this episode…
The COVID-19 outbreak has impacted a variety of businesses in the US, both positively and negatively. While many companies have experienced huge losses, those that either sell essential goods or have been able to adapt to the new normal have benefited from an increase in sales.
One market that has experienced mostly positive effects from the lockdown is e-commerce. Taylor Smits has been involved in e-commerce since 2010. He has witnessed Amazon’s growth over the years and now uses his expertise to help other online sellers build their own stores and businesses.
In this episode of the Buy Box Experts podcast, Taylor Smits, the co-founder of MyFBAPrep, joins host Eric Stopper to talk about how the COVID-19 outbreak has affected the Amazon marketplace and its sellers. Taylor discusses his own experience growing an e-commerce business, the future of the US economy, and how new and burgeoning sellers can break into the e-commerce market. Stay tuned.
Resources Mentioned in this episode
- Buy Box Experts
- Taylor Smits on LinkedIn
- Tom Wicky, co-Founder of MyFBAPrep
- AO2 Marketing
- Amazon FBM
- Amazon FBA
- Greg Mercer, Founder of Jungle Scout
- Eric Stopper’s interview with Greg Mercer
- John Foley, Founder of Peloton
- CJ Rosenbaum
- Jeff Bezos’ net worth
- The Dow Jones Industrial Average
- S&P 500
- James Altucher
- Choose Yourself by James Altucher
- The Wholesale Formula
- Larry Lubarsky
- Wholesale Academy
- Trent Dyrsmid
- Scott Needham
- Todd Snively
Sponsor for this episode
Buy Box Experts applies decades of e-commerce experience to successfully manage their clients’ marketplace accounts. The Buy Box account managers specialize in combining an understanding of their clients’ business fundamentals and their in-depth expertise in the Amazon Marketplace.
The team works with marketplace technicians using a system of processes, proprietary software, and extensive channel experience to ensure your Amazon presence captures the opportunity in the marketplace–not only producing greater revenue and profits but also reducing or eliminating your business’ workload.
Buy Box prides itself on being one of the few agencies with an SMB (small to medium-sized business) division and an Enterprise division. Buy Box does not commingle clients among divisions as each has unique needs and requirements for proper account management.
Learn more about Buy Box Experts at BuyBoxExperts.com
Welcome to the Buy Box Experts podcast. We bring to light the unique opportunities brands face in today’s e-commerce world.
Eric Stopper 0:18
Hey and welcome to the Buy Box Experts podcast. This is Eric Stopper. Today’s episode is brought to you by Buy Box Experts. Buy Box Experts takes ambitious brands and makes them unbeatable. We’ve got a team of consultants, and honestly, it’s free. And we’re actually pretty, we’re pretty knowledgeable over here. We’d love to talk with you about your business. And there are probably questions you have about the intricacies of Seller Central or why your fees look a certain way or why you can’t spend all the advertising dollars that you’ve allocated to actually you know, populate ads, lots of different things we know about all of them, go to buyboxexperts.com, click on the free analysis button, and you’ll be connected with me or a member of my team.
Today I am joined by Taylor Smits, co-founder of MyFBAPrep, a national network of warehouses that empowers e-commerce sellers. They have a powerful technology platform that provides Amazon sellers, whether they’re wholesale or private label or online arbitrage, with next-level FBA prep services. Taylor’s a hustler, a seller like you and me, and a friend. Taylor, welcome to the show.
Taylor Smits 1:23
Thanks for having me, Eric. Excited to be here.
Eric Stopper 1:26
Oh, man. So there’s a lot of stuff I want to pick your brain about. But what are you doing during this whole COVID outbreak?
Taylor Smits 1:34
So I’m lucky to say that we are as busy as ever. Some of that has to do with the restrictions Amazon’s putting on sellers and what that means many of them have transitioned into selling FBM but I basically was in Europe. I had just come off two months with my MyFBAPrep business partner. We were cracking down in some time. systems we were in in Bali, and I was visiting a friend in Norway on my back on my way back to the States. And things got a little it looked like I might get caught there. And so I got on the next flight home, I am cooped up in an attic at my parents house where I grew up in the Midwest in Indiana. No more digital nomadic for me, at least for a few more months. And that’s where I am. That’s why I’m doing this podcast from
Eric Stopper 2:27
I just get a satellite phone and get on a horse and ride across the countryside. Yeah. Now, you mentioned that you have a bunch of people who are transitioning to FBM. I had a friend that another agency called AO2 Marketing, he brought to my attention the fact that it was one account, right? He saw this account, and he went to the page, the actual listing. And it said that on his Prime listing that it would ship in 30 days. And so then he was like, okay, what’s going on here, so he had that he went through manually on every single one of the products on that. And they were like picking and choosing which ones were actually going to send out on time. And I wanted to come to you, you’re the expert in this kind of FBA, FBM world. What is going on? And what’s kind of the latest word?
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