Neil Goldsmith

435 posts

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Neil Goldsmith

Neil Goldsmith

@neilfish

E-commerce 🛒 Investing 💰 Travel 🌎 Martial Arts 🥊

United States Katılım Nisan 2020
165 Takip Edilen49 Takipçiler
Joshua
Joshua@MoonadsJoshua·
Amazon DSP doesn't work. We spent $85,000 on Amazon DSP so you don't have to. After controlling for seasonality, price changes, and PPC spend, DSP's coefficient on sales was +0.014. That's functionally zero. The DSP console showed beautiful ROAS. The actual incremental lift? Nothing. The attribution model is doing the heavy lifting, not the ads. If you're running DSP, don't trust the console. Run your own regression. Feed Claude: • Daily DSP spend • Google Trends (seasonality) • Daily sales, PPC spend, profit, price This was for a high-priced consumable, Amazon-native brand.
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Neil Goldsmith
Neil Goldsmith@neilfish·
@realEstateTrent I just bought a carpentry tool on Ebay today. Opened box, unused item. Half the price of Amazon.
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StripMallGuy
StripMallGuy@realEstateTrent·
I Haven’t thought about eBay in over 10 years. They’re still doing $10B+ in revenue. Serious question: Who is actually using it?
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Bethany S. Mandel
Bethany S. Mandel@bethanyshondark·
You can tell a lot about a man about how they instinctively respond when it hits the fan. In this photo, Stephen Miller moves on top of his pregnant wife to protect her. Pete Hegseth stands over his wife, surveying the scene while leaning over, protecting her.
Bethany S. Mandel tweet media
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Neil Goldsmith
Neil Goldsmith@neilfish·
I called in this morning to get help from US Customs regarding my refunds for the illegal Trump tariffs. They've had me on hold for over 9 HOURS. It's dinner time and I'm still on hold.
Neil Goldsmith tweet media
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Michael Patrón
Michael Patrón@michaelpatron0·
I'm in a group with 700ish other Amazon sellers doing over 4B in revenue a year. Here are things we like: 1. Tiktok shop 2. Real estate Here are things we hate: 1. Amazon Amazon should ask themselves why this is.
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Nico
Nico@ecomhitman·
Ecom guys only… What’s the best post purchase app for Shopify out there?
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Will Tanner
Will Tanner@Will_Tanner_1·
Nothing has none more to discredit itself in recent years than the judiciary And that includes the medical establishment during Covid, and Congress with all of its disgusting and craven antics
Will Tanner tweet media
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Neil Goldsmith
Neil Goldsmith@neilfish·
D2C/Ecom folks, if an overseas supplier issues an invoice in USD, but their bank account is in CNY or INR, who should pay the currency conversion fees?
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Johnny N.
Johnny N.@Sole_Republican·
I am selling a 16 oz drink for 12-15$ on Amazon a unit I get for less than 1$. Amazon is a recession proof business because who in the world is ordering this stuff.
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Matt “The Steamrolla”Frevola
Idea for BMF belt.... If there's no finish in the fight, the belt becomes vacant & two new fighters get a crack at it. Thoughts? 🤔
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Michael Patrón
Michael Patrón@michaelpatron0·
I've seen this so many times over the years with Amazon. Products that kill it just fall off out of nowhere bc of some algo change that is impossible to fix. Also seen the opposite where items take off out of nowhere. We do a complete review when this happens and are...
Michael Patrón tweet media
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Neil Goldsmith
Neil Goldsmith@neilfish·
The English language cannot properly explain how dumb War Machine is. Never trusting Rotten Tomatoes again
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Neil Goldsmith
Neil Goldsmith@neilfish·
@BuckSexton The fact that it got 70% on Rotten Tomatoes tells you all you need to know about the human race
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Buck Sexton
Buck Sexton@BuckSexton·
Watching "War Machine" on Netflix with my brother- I'm in awe. Might be the worst movie I've ever seen. So stupid, pointless, and preposterous on every level- it's astonishing. If you held a contest to write the worst sci-fi movie, nobody would beat this. Can't stop watching
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Neil Goldsmith
Neil Goldsmith@neilfish·
@FedotOff90 She must live the lifestyle of Conor McGregor or have a .1% profit margin to only have $8k saved
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Alex Fedotoff
Alex Fedotoff@FedotOff90·
Met a woman at a Miami dinner last week. Former nurse. No business background. She's doing $3.2M/year selling one skincare product. Started 2 years ago with $8k saved. Her entire growth strategy: she spends 1 hour every morning studying competitor ads in the Meta library. Puts her face on ads. No agency. No media buyer. Just her, a Canva account, and a relentless system for stealing what's already working. Her ROAS is 2.8x after 2 years of consistency. I asked her what most people get wrong. She said: "They want to be creative. I just want to be right." The best ecom operators aren't the most talented. They're just don't overthink and print.
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Neil Goldsmith
Neil Goldsmith@neilfish·
@mattbendr How do you manage the business without an ops manager in only 2-3 hours per week?
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Matt Bender
Matt Bender@mattbendr·
I’m going all in on AI & want to clear everything else off my mind My Amazon & Walmart biz only requires about 2-3 hours a week if that But still takes up my brain space Who wants to buy my stores? Brand direct suppliers, prep center, etc 👀
Matt Bender tweet mediaMatt Bender tweet media
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Neil Goldsmith
Neil Goldsmith@neilfish·
What's the best way for Amazon FBA sellers to manage their ad accounts in 2026? Agency? AI? In house manager? Tools?
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Maciej Cepnik 🇵🇱 🇲🇽 🇨🇦
Just walked into a coffee shop in Del Valle, CDMX to get some work done with my co-founder. I sit down, order a cold latte (80 pesos), and the waiter asks if we’re planning to eat. I say: not for now, maybe later. He then tells us that to use the coworking space (completely empty), there’s a minimum consumption of 250 pesos per hour, per person. So, we left. Is it just us, or does that sound like pretty bad business practice? 🤔
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Neil Goldsmith
Neil Goldsmith@neilfish·
@andyantiles_ Pretty good overall. Does your buddy has an s-corp setup? If so, for the solo 401k portion to work as you described, he'd have to be paying both himself and his wife $237,500 each in salary per year which does not sound optimal for tax.
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Andy
Andy@andyantiles_·
Spoke to a guy making $2m/year in net profit with his ecommerce company After taxes he’s left with $1.2m He spends $40k/month on lifestyle (nothing crazy. Just a nice apartment and travels well) He’s left with $700k/year in discretionary income Unfortunately for him, he’s invested all of that capital over the last 4 years into Bitcoin He’s made $8m in the last 4 years in net take home income but has a $2m net worth Ouch I shared with him the playbook to multiply net worth aggressively and responsibly 1) Auto invest $20k/month split between $VOO and $QQQ 2) Throw $72k/year in a solo 401(k), if you can do the same for your wife, 2x that for a total of $144k/yr in retirement account Steps #1 and #2 will create a $25m equity portfolio on 20 years, and $115m in 35 years 3) Leverage excess capital to buy cash flowing, tax deductible real estate. My preferred class of real estate is section 8 because it’s guaranteed rent by the federal government For every $100k you allocate to down payment, you’ll get a 10-20% cash on cash return (after maintenance and capex), you’ll get a ~dollar per dollar tax deduction with cost segregation studies and accelerated deprecation, AND you’ll get a guaranteed $500k in equity once the federal government has paid off all the debt. You MUST still screen the tenants aggressively to put only high quality tenants in your homes. A good property manager does this. I work with a sourcing team that does 100% of the leg work for me and I pay a nominal fee per house they source that I buy. Message me if you want an intro 4) This is the bonus step for the extra ambitious types. After following steps #1-3, you’ll want to take excess capital and build a big cash position to deploy aggressively into your ETFs during big market crashes. You will then borrow up to 30% of your ETF market value at a low interest rate to buy MORE cash flowing, tax deductible section 8 properties This is how you can really get your effective tax rate extremely low without any funny business, and multiply your net worth quickly and responsibly. I say responsibly because you MUST be careful with borrowing against your portfolio. In most cases, when a wealthy man ‘loses it all’ it’s due to being a forced seller in market crashes. Do not put yourself at risk to get margin called. That is how fortunes are destroyed But if used properly, borrowing against ETFs is a magical tool that allows for financial arbitrage that few understand.
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Neil Goldsmith
Neil Goldsmith@neilfish·
@SaulSellsStuff I was joking about buying it. But I am well over 10k, so I have to track down my first one. Congratulations on your 100k!
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Saul
Saul@SaulSellsStuff·
@neilfish Once you hit 10,000, 100,000, or 1,000,000 then Shopify sends you one for free. Youll get a notification on your dashboard.
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Saul
Saul@SaulSellsStuff·
The Shopify paperweight has arrived. Can only imagine how heavy the 1,000,000 order ones is.
Saul tweet media
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