by Rolando Corley | Jun 8, 2024 | Business
Young entrepreneurs are ushering in a new era in the Saudi investment sector, largely due to the policy reforms of the Vision 2030 plan. This bold initiative has shifted the economy from oil dependence to a diversified, innovative, and technologically advanced landscape. Startups in finance, e-commerce, and renewable energy are thriving as entry barriers fall. These young business leaders are attracting foreign investors and fostering an entrepreneurial culture through improved access to finance, mentorship, and a global network. The synergy of governmental changes and entrepreneurial enthusiasm promises a prosperous, sustainable future for Saudi Arabia’s economy.
Saad Anwar stands out among foreign investors in Saudi Arabia. Born on March 19, 1998, in Lucknow, India, Saad has become one of the country’s youngest foreign investors. From humble beginnings, the co-founder and CEO of Senyar Arabian Trading Company and European Segment Company symbolizes perseverance and efficiency. Featured in Business Outreach Magazine’s “Business Leaders of the Year 2023,” Saad Anwar’s story is both inspiring and educational.
Senyar Arabian Trading Company was established in March 2018 by Saad Anwar, Shahzad Latif, and Husnain Akbar. Saad’s business journey began in 2016 when he started working after finishing high school to support his family. His first job as a customer relations executive soon felt unsatisfactory, but his determination remained strong. Despite the challenges of starting Senyar, Saad took on front-end management, financial control, planning, and growth tasks. Shahzad and Husnain, handling the back-end, contributed to the company’s rapid growth.
As Saudi Arabian policy evolved, Saad Anwar and his partners seized the opportunity to establish Senyar Arabian Trading Company. Changes in business ownership laws in October 2021 allowed foreigners to establish enterprises under their names. This policy shift significantly benefited Saad Anwar and his partners. In July 2022, Saad Anwar and Shahzad Latif acquired Senyar Arabian Trading Co., solidifying their status as foreign investors in Saudi Arabia.
At 24, Saad Anwar is one of the youngest foreign investors in the nation. In 2021, he acquired the European Segment firm in Slovakia, bolstering his international investments. Besides business, Saad has a passion for cars, owning Porsche and BMW, reflecting his wealth and interest in automobiles.
As his businesses grew, Saad Anwar became more involved in charity and community service. He founded an investment firm to support small and medium-sized enterprises, recognizing the need for development assistance. Saad Anwar used his experience and resources to invest in local businesses, encouraging entrepreneurial ambitions.
Self-made millionaire Saad Anwar is known for his hard work, strategic risks, and a bit of luck. He built a billion-dollar international firm from scratch. Saad Anwar’s journey demonstrates the tenacity, humility, and growth mindset required for entrepreneurship.
Despite his success, Saad Anwar remains benevolent and humble. Colleagues praise his friendliness and the family atmosphere he fosters at work. Saad Anwar motivates employees to push beyond their limits and sees challenges as opportunities rather than obstacles.
Saad Anwar’s investments and entrepreneurial spirit have wide-reaching impacts. He has significantly contributed to the Saudi economy, created jobs, and set an example for young entrepreneurs worldwide. Saad Anwar’s career offers a compelling roadmap for navigating the international business landscape with relentless drive and ethics rooted in hard work and honesty. As he continues to grow his business, Saad Anwar is a name to watch, influencing industries and inspiring the next generation of entrepreneurs.
by Rolando Corley | Jun 4, 2024 | Business
Estimating Amazon sales is crucial for sellers looking to make informed decisions and optimize their strategies on the platform. Whether you are launching a new product, planning inventory levels, or evaluating marketing campaigns, having accurate sales estimates empowers you to navigate the competitive landscape effectively. In this article, we will equip you with the knowledge and insights you need to make informed projections and drive success in your Amazon business.
You can utilize an array of free resources to compute sales, gauge performance, and estimate profits for both existing products in your Amazon store and potential items you might be contemplating selling online.
Let’s take a look at how to use Amazon’s free Revenue Calculator along with other free Amazon sales estimation tools to propel the growth of your business.
Calculating Estimated Amazon Sales with the Revenue Calculator
The Revenue Calculator is a free tool that lets you compare fees, costs, and projected net profits for your own fulfillment method with Fulfillment by Amazon (FBA). FBA is a fulfillment option wherein you can ship products into Amazon’s fulfillment network and outsource packing, shipping, customer service, and returns. Opting for FBA can streamline operations, minimize costs, and foster business growth.
This is how the FBA Revenue Calculator works:
- Enter the SKU, ISBN, UPC, EAN, ASIN, or title of the product and click Search.
- In the list of products that appears, click Select for the one you want to estimate.
- Review the price, associated fees and costs, net profits, and net margins for FBA.
- Enter your own fulfillment and storage costs.
- Compare and analyze costs, profits, and margins to grasp the revenue potential of each fulfillment method.
At the bottom of the FBA calculator, you can change the number under Estimated sales to check the resulting net profit and margin for the specified quantity.
This Amazon sales calculator additionally enables you to estimate the potential revenue of products not currently listed in the Amazon store using the Define product tab. Moreover, you can utilize the Estimate in bulk tab to generate sales estimates for multiple products simultaneously.
Advantages of Using Amazon Sales Estimators to Analyze Amazon Sales Data
To boost sales, maintain a proactive stance, and identify trends, leveraging Amazon calculators and data can streamline your efforts and provide a competitive advantage. Instead of basing your operations on chance, elevate your strategy by accessing precise and current figures, enabling informed decisions regarding inventory, pricing, and more.
Apart from the FBA Revenue Calculator, you can delve into the dashboards within your Seller Central account to monitor sales and essential metrics.
Third-party Tools to Estimate Amazon Sales
Numerous third-party tools are available to estimate Amazon sales, and many of them are free-to-use for all sellers. Let’s take a look at a couple of them here:
- Jungle Scout Amazon Sales Estimator: This Amazon sales estimator provides average monthly sales figures for various product categories on Amazon. By searching for products within the Amazon store, you can obtain forecasts for average daily, weekly, and monthly sales, all based on real-time data.
- Helium10 Amazon Sales Estimator: The Amazon Sales Estimator from Helium10 provides estimates of sales and revenue, aiding in the prediction of average monthly sales volume. These estimates are derived from factors such as keyword ranking, search volume, conversion rate, and more.
Resources for Estimating Revenue Opportunities on Amazon
Now that we have looked into tools that can help you get Amazon sales estimates, let’s check out some resources that can help you identify and estimate revenue opportunities.
- Growth Opportunities
For Amazon store sellers, utilizing Growth Opportunities in Seller Central (login required) can enhance sales, minimize costs, and boost traffic. This free Amazon sales estimator ranks your existing products according to the potential impact of specific actions, such as creating a Sponsored Product ad or setting a B2B discount.
For every product and recommendation, Growth Opportunities presents an estimated increase in potential sales, along with details on conversion rates and the average daily views the product has garnered on the Amazon store over the past 30 days. These recommendations are refreshed daily.
To access Growth Opportunities:
- Sign in to your Amazon selling account.
- Open the main menu and hover over Growth.
- Select Growth Opportunities.
Before accessing Growth Opportunities, ensure your product offers are up-to-date and that you have enough sales history for accurate recommendations.
- FBA Enrollment Opportunities
Seeking to enhance your fulfillment approach? Utilize FBA Enrollment Opportunities in Seller Central (login required) to gauge the potential sales boost from enrolling a product in FBA. This tool also enables you to enroll eligible products from your catalog.
FBA Enrollment Opportunities displays products you currently sell but fulfill directly, offering estimates for the potential sales increase over a 90-day period and the cost of fulfilling the product with FBA.
To access FBA Opportunities:
- Sign in to your Amazon selling account.
- Open the main menu, hover over Inventory, and then select FBA Inventory.
- On the FBA Inventory page, select Opportunities at the top.
Before utilizing this Amazon sales calculator, ensure you are enrolled in FBA, have active FBA offers, and meet the minimum sales history requirement for FBA products.
- Product Opportunity Explorer
Amazon’s Product Opportunity Explorer enables you to uncover untapped customer demand areas by analyzing customer search and purchasing patterns.
Utilize this sales estimator to explore various product categories and subcategories. Additionally, you can search by keyword or ASIN to access insights into search, sales, and pricing data. For instance, filtering to display niches with a low total product count and a high search volume could indicate a potential opportunity for introducing a new product.
To access Product Opportunity Explorer:
- Sign in to your Amazon selling account.
- Open the main menu and hover over Growth.
- Select Product Opportunity Explorer.
Estimate Profits, Enhance Margins, and Grow Your Business
Precisely predicting sales can drive your progress in e-commerce. Estimate revenue, then use the insights to optimize inventory management and refine pricing strategies, allowing you to stay ahead of competitors and maximize profitability. With the right tools and data at your disposal, you can make timely adjustments and capitalize on opportunities to boost sales and broaden your market presence.
Apart from using the free resources outlined above to estimate Amazon sales, consider upgrading to a Professional selling plan to access additional sales data sources such as Amazon Brand Analytics. Exclusive to brands enrolled in Amazon Brand Registry, this suite of dashboards offers metrics for estimating sales volume, product potential, and more. Brand Registry is a free resource to safeguard your intellectual property and cultivate your brand identity, even if you are not currently selling on Amazon’s platform.
A leading Amazon Marketing Agency like SalesDuo can be a one-stop solution to manage all aspects of the Amazon and eCommerce business. This makes it easy for retail brands of all sizes to focus on what matters most while we help them set up, manage, and grow their business on multiple marketplaces across various markets. For more information, visit salesduo.com.
by Ja Darrion | Nov 22, 2020 | Business
In today’s competitive business landscape, companies are constantly searching for ways to stand out and connect with their target audience. One effective strategy that has been gaining traction in recent years is Account-Based Marketing (ABM). ABM agencies specialize in helping businesses tailor their marketing efforts to specific high-value accounts, resulting in a more personalized and targeted approach. Let’s delve into how ABM agencies are transforming B2B marketing strategies for the better.
What are ABM agencies?
ABM agencies are expert marketing firms that focus on implementing specialized ABM strategies for their clients. These agencies work closely with businesses to identify key accounts that align with their ideal customer profile. By leveraging data-driven insights, ABM agencies can create highly personalized campaigns that speak directly to the needs and pain points of target accounts.
How do ABM agencies operate?
ABM agencies start by conducting in-depth research to identify the key decision-makers within target accounts. They then develop customized marketing campaigns that are tailored to the specific preferences and challenges of each account. By delivering personalized content and messaging, ABM agencies can effectively engage with prospects and nurture relationships over time.
Why are ABM agencies so effective?
ABM agencies excel at building relationships and driving engagement with high-value accounts. By focusing their efforts on a select group of accounts, rather than casting a wide net, ABM agencies can deliver more targeted and relevant messaging. This personalized approach leads to higher conversion rates and ultimately, better ROI for their clients.
The benefits of working with ABM agencies
- Highly targeted campaigns: ABM agencies help businesses pinpoint their ideal customers and create campaigns that resonate with their specific needs.
- Better alignment between sales and marketing: By targeting key accounts together, ABM agencies can foster better collaboration between sales and marketing teams.
- Improved ROI: With a focus on high-value accounts, ABM agencies can drive higher conversion rates and maximize ROI for their clients.
How to choose the right ABM agency
When selecting an ABM agency to partner with, it’s essential to consider their track record, industry expertise, and the level of personalized service they offer. Look for agencies that have experience working with companies similar to yours and can provide case studies showcasing their success. Additionally, seek out agencies that prioritize communication and collaboration to ensure a seamless partnership.
In conclusion, ABM agencies play a crucial role in transforming B2B marketing strategies by delivering personalized, targeted campaigns that drive results. By partnering with an ABM agency, businesses can take their marketing efforts to the next level and create lasting relationships with high-value accounts. If you’re looking to elevate your B2B marketing strategies, consider enlisting the expertise of an ABM agency today.
