80/20 of Ecom 6/16/2023 - Amazon leaked AI and ChatGPT practices, New AI & ChatGPT Hacks Webinar, Chris Rawlings 5-min Hack, Chinese Yuan Depreciates
Gary Huang
Founder and Host of the 7 Figure Seller Summit, Founder of 80/20 Sourcing, E-Commerce Entrepreneur
Another week has gone by, leaving a trail of news for all e-commerce buffs looking to up their game. And we’re bringing all of that straight to your front door!
This week’s newsletter brings an interesting story from?Anthony Lee?regarding automation using AI and a sneak peek into Amazon’s secret ideas for using ChatGPT and AI.?
Sounds intriguing? Stay tuned, and you’ll find out.
Also, the AI & ChatGPT Hacks for Amazon Sellers PART 2 is coming up! We’ll talk more about that later on.
So, let’s dive right into it with 80/20 of eCommerce for the June 16, 2023 newsletter!
Always wanted to step behind the scenes of Amazon? Well, now’s your chance, as a leaked internal document brings us a step closer to how Amazon officials operate.
Namely, this leaked doc suggests 67 ways that Amazon can use to utilize AI and ChatGPT in the workplace. With the rising advantage of artificial intelligence, it’s no wonder that everyone’s rushing to leverage it. It seems like even a giant like Amazon is scrambling to use AI and use it to their advantage.
The document titled "Generative AI-ChatGPT Impact and Opportunity Analysis" contains different ways of utilizing AI & ChatGPT to improve workflow and the products made by employees after being asked by their managers to do so.
Some of the ideas in the doc are already in the prototype stage, as reported, and include concepts like salespeople using AI to analyze financial data from Amazon and its competitors to determine their strategic goals.
The list goes on as far as Amazon employees intending to use ChatGPT as part of Amazon's decision-making process – PRFAQ. Meaning some Amazon employees suggested ChatGPT could speed up the process of writing a press release and FAQ announcement describing a new product.
It’s yet to be determined whether these ideas will see the light of day, so we’ll just have to wait and see. Better yet – adapt and use AI in your daily business practices and do your best to survive in this insanely competitive industry!
TAKEAWAY:?Amazon might be further down the AI rabbit hole than we thought, utilizing all of its advantages to better and faster streamline processes inside the company – so, now’s the time to jump on the AI train!
Our overly successful AI & ChatGPT Hacks for Amazon Sellers from last week introduced many jaw-dropping hacks, among which is Chris Rawlings’ trick.
The concept behind his unique AI-driven 5-minute hack is not only to create sales emails but to generate value-led emails that will captivate the audience. And he did just that!
The idea is to create a brand-new email flow of monthly sales using ChatGPT and all you need is Google Alerts, your email marketing provider, and naturally ChatGPT.
Use Google Alerts to set up an alert that’s directly connected to your brand, for example "rainbow kites." That way, whenever a news story breaks out in regards to those words, you’ll get alerted. Your task is to choose a news topic relevant to your product and then proceed to ChatGPT.
Once you open your bff AI bot, write a prompt that explains what your brand is all about + paste the news article you chose. Don’t worry about the additional content on the page, just simply copy/paste it and ChatGPT will disregard irrelevant sections.
And ChatGPT will create a valuable email letter so customers can remain connected and continue to support your business.
The next step is to go to your email service provider and simply paste the email that will go out to your customers. That’s it!
Keep your audience engaged with original, educational, and current events by generating AI monthly emails. It's an excellent way to connect with the audience you've created, while generating sales at the same time.
If you want to see Chris in action, I urge you to watch the video from our AI & ChatGPT Hacks for Amazon Sellers Webinar right through this?link?here!???
Get the full experience and try to apply this to your Amazon listing! I promise it’s worth it!
Currently, the Chinese Yuan is weaker than expected. You might wonder how this any of your concern, but if you’re shipping your products from China and paying in US dollars, then it most definitely is.
Since the Chinese Yuan is weaker, the US dollar has more value. That might mean you are overpaying your supplier if your agreed price point is in US dollars.
So, now might be the right time to renegotiate your price. If you’re wondering how to get that down taking in consideration the currency difference – I have a tip for you. Take a look at the article I wrote some time ago and take pointers – link?here.
Don’t miss out on this opportunity to get a better deal for your products and retrospectively boost your profits.
If you find yourself in Tel Aviv next week, make sure to attend the upcoming Ecom TLV event hosted by?Sebastian Herz.
Join the exciting event brought to you by ScaleForEtail and Fortunet - E-Commerce Investment Banking and learn about:
Some of the speakers include Brandon Young, Pablo Della, Amy Wees, Yulia Blinova, Melanie Shabangu, Juozas Kaziuk?nas, and Michal Baumwald Oron, among others. Be part of this amazing event where you can not only learn a lot but also make great connections!
If you’re interested in joining, use the code?SIGNIFY DISCOUNT?and get a 20% discount.
Follow this?link?to get tickets!?
Due to overwhelming support and interest for the previous AI & ChatGPT Hacks for Amazon Sellers Webinar, we’re bringing you a second edition of this webinar! And a European one, for that matter!
Since the last AI & ChatGPT Hacks for Amazon Sellers Webinar was such a success, we reached Zoom’s capacity and, unfortunately, left some people behind. However, since the interest went over 400 people and we only got to showcase our hacks to around 100, we decided to bring a completely new AI & ChatGPT webinar with new hacks from new speakers!
Don’t worry – you’ll still get to hear the previous hacks, just visit this?YouTube link, and you’ll be in the clear.
The new webinar will take place:
All you have to do to be part of one of the most-wanted AI & ChatGPT-based webinars is to?RSVP?to the?7 Figure Sellers Summit?through this?link?and get a?FREE PASS.?
Be one of the first people to join the Zoom call next Wednesday because it’s?limited capacity.?So, RSVP before the seats fill up and become a part of an exciting event where you’ll learn how to transform your Amazon business with the help of AI!
The European edition of the webinar will feature some industry-leading speakers like?VAA's?CEO and founder Gilad Freimann, Brad Moss, Refael Elbaz, and Amy Wees among others.
We’ll also crown a European champion and yet again vote for the best hack of the event!
Mark Wednesday in your calendar – I’ll be expecting you!
In case you missed it:
Until next week,
Gary