333: How Long Does It Take To Make Money With Your Business With Steve Chou
Play • 17 min

In this episode, I answer one of the top 3 questions that I get asked almost every single week. How long does it take to make money with your business? My answer will probably surprise you:) In addition, I’ll give you a quick update about my store and how COVID-19 affected BumblebeeLinens.com. What You’ll Learn The biggest mistake people make with their expectations A realistic time frame for your business How to make time irrelevant How COVID-19 has affected my business Other Resources And Books Bumblebee Linens Sponsors Postscript.io – Postscript.io is the SMS marketing platform that I personally use […]

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The Ecomcrew Ecommerce Podcast
The Ecomcrew Ecommerce Podcast
Mike Jackness and Dave Bryant | eCommerce, Shopify, and Amazon FBA Experts
E359: How E-Commerce Sellers Can Bounce Back After Missing the Mark
Shoot for the moon, land among the stars, so the saying goes. Rob Hampton was our guest for a two-part Under The Hood session back in 2018, and he’s back to share his experiences with us after taking my advice for growing his ecommerce business. In this catch-up episode, we pick up right where we left off. Rob talks about some of the things that prevented him from achieving his million-dollar-revenue goal, and how he still landed on a comfortable 3.5x growth. I pick apart some of his biggest challenges going into 2021 and share a lot of things that worked for me with my own ecommerce brands. From the benefits of hiring a VA to the most effective tools for inventory and project management, there’s a lot to learn here if you’re looking to scale your ecommerce business. Timestamps * How Rob still grew his business despite some challenges - 7:55 * The benefits of hiring a VA - 8:41 * How to scale your processes and systems - 13:46 * Project management tools that work for us - 20:35 * Why aiming for 10x in a year can be tough - 22:12 * Why we went from a single Amazon account for several brands to managing multiple accounts - 27:33 * Our preferred Inventory management system - 31:48 * Why our current 3PL is a joy to work with - 46:01 * How to handle SKU count growth - 54:46 * Advice on switching from cash to accrual bookkeeping - 1:03:12 I want to thank Rob for coming back to the podcast and sharing how he grew his business. If you want to schedule an hour-long coaching session and be featured on the podcast, feel free to sign up for Under The Hood. Got any big plans for 2021? Let us know, and don’t forget to leave us a review over on iTunes if you like this episode. Until the next one, happy selling!
1 hr 7 min
Business of eCommerce
Business of eCommerce
Charles Palleschi
How Independent eCommerce retailers can Compete Against the Giants (E154)
https://www.youtube.com/embed/UbnQrRDTuZQ Jeremy BodenhamerCo-founder & CEO of ShipHawk Show Notes: 5 API of the ApocalypseAmazonWalmartAlibabaJDShopifyThe Power of HabitGrove CollaborativeParker Clay - Leather ProductsAll BirdsBoneless Knee Pads Sponsors: PrisyncSpark Shipping Links: Jeremy BodenhamerShip HawkAdapt or Die: Your Survival Guide to Modern Warehouse AutomationJeremy Bodenhamer LinkedInJeremy Bodenhamer Twitter Transcript: Charles (00:00): In this episode of the Business of eCommerce I talk with Jeremy Bodenhamer, about about how independent retailers can compete with the giants. This is the business of eCommerce episode 154. Charles (00:20): Welcome to the Business of eCommerce. The show that helps e-commerce retailers start launch and grow their e-commerce business. I'm your host Charles Palleschi. And I'm here today with Jeremy Bodenhamer. Jeremy is the co-founder and CEO of Ship Hawk, and also the bestselling author of adapt or die, a leading expert at the intersection of shipping. And e-commerce I asked Jeremy on the show today, talk about how in 2021, an independent retailer can compete with some of the largest e-commerce companies out there like Walmart, Amazon, and how you can not just compete, but also win. Jeremy has a lot of insights on both the logistics side, but also how you can attract more customers by talking about your brand. And I think it's super interesting. So let's get into the show and I think you're going to enjoy this. Hey Jeremy, how are you doing today? Doing well. Charles (01:09): How are you doing Charles? Doing good. Awesome. To have you on the show. I love the topic and want to kind of get into us. I've been seeing, kind of been following the the Shopify guys for a while, and I love the whole concept of, you know, arming the rebels, right? Where, how can you know, how can the smaller retailers compete against some of the big guys? And it's something where I think the world is going to very different ways, right? Where you have these like marketplaces kind of Amazon, like the big ones everyone knows about, but then you have these new brands that are kind of just popping up and becoming almost household names. In some cases you see this with, you know, some of like the big companies, like some of the, some of these, there's just so many retailers now that all of a sudden you, they can just build a brand name. So you're are okay. So you've been around with ship for, you said about seven, eight years now, you guys started that for about eight years. Okay. And you recently came out with a book on also basically competing with the giants, right? Adapt to die. Jeremy (02:11): Yeah. Adapter die came out a few weeks ago and is a survival guide for the independent merchants and how to compete against the giants. Charles (02:21): I love the cover also with the, the dinosaur on there. Very cool. Yeah. It's sorta my voice. Speaker 2 (02:30): So Charles (02:30): If you're talking to a small retailer, if someone's starting, you know, 20, 21, right. And they're, I want to get into e-commerce, you know, I have some products, but they're looking at all the expectations of what you need to do nowadays. How would you start kind of guiding someone to say, okay, you have to compete. You want to come up with a product X also sold on Amazon and tons of other marketplaces. How would you start kind of guiding someone through that process of competing? Jeremy (02:57): Yeah, good question. I would start by challenging them to understand the state of the current marketplace. The fact that these marketplaces by and larger, not friends but competitors. In the book, I talk about the five APIs of the apocalypse. Those five API APIs are Amazon Walmart Alibaba, jd.com and Shopify. And I predict a, a future that I think is a very real scenario where those five companies own global commerce, every transaction, every dollar spent,
39 min
Silent Sales Machine Radio
Silent Sales Machine Radio
Jim Cockrum
#332: Couple has full time jobs & three daughters, but they built a $20K per month Amazon business in just a few months
In just a few months they hit $20K per month in steady Amazon sales! Today you'll meet a couple who went from googling "how to earn money online" to finding our community and this podcast and then building a $20K per month business! Today we'll talk to Racheal Rolling. She's a ProvenAmazonCourse.com student who has an Amazon FBA business that is taking off fast! Both she and her husband have great careers in the medical field (Physicians Assistant and Pharmacist), but during Covid they decided they wanted more. Today you'll hear their journey and strategy for getting out of debt and building the future of their dreams! LINKS: PROVENreplenTraining.com - virtual hands on two day training which works with you directly in your hometown through the internet and literally walks you through start to finish in finding, packing and shipping 50+ (most cases way PLUS) replens for your business with 50%-100% roi ProvenAmazonCourse.com/legends The private membership facebook group which takes your business to the next level - check out the $1 trial offer! Keepa - The data analysis program every seller who has a viable business needs to know how to use to do proper research My Silent Team Facebook group. 100% FREE! Join 62,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world! JimCockrumCoaching.com -the best coaching program out there! Give us a call to set up a free strategy session with someone from our team SilentJim.com/updates - get a smartphone notification each time we have a new podcast episode!
35 min
Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
Jason Swenk
Should You Start a Digital Agency in an Economic Downturn?
Are you considering starting an agency but worried now's not the right time? Are you afraid of failure or the added pressure of these uncertain times? It's totally understandable! Starting a business is scary, but especially during an economic downturn. So you might be surprised to learn now may actually be one of the best times to start an agency. In this episode, we'll cover: * Should you start an agency during an economic downturn? * Does your agency have a challenger mindset? * Why self-awareness is key to your agency's continued growth. Today I sat down for a timely conversation with Scott Cullather, co-founder and CEO of INVNT, a live-branding storytelling agency. Scott started his agency right at the start of the economic downturn in 2008 and says doing so helped define who his agency is today. He's here to talk about how his agency thrived during a poor economy and what agency owners need to know today. Should You Start an Agency During an Economic Downturn? There's no doubt we are in one of the most volatile economies in our lifetime. Stocks are in flux, businesses are closing, and realistically, we have no idea what is going to happen tomorrow. But did you know now is actually the perfect time to grow an agency? Scott says one of the reasons his agency found success in 2008 is because there was literally nowhere to go but up. They had no employees, no overhead, and yes, no clients. But this meant every account they gained was one to be celebrated. And each one after was a sign they were moving up. When you have nothing to lose, it takes away your crutches. You don't think about what a certain decision might cost, but rather, what you have to gain. Does Your Agency Have a Challenger Mindset? Scott says starting during an economic meltdown set his agency up with a challenger mindset. Where larger, slower, flatfooted companies were making cuts and avoiding risks, INVNT was able to develop messages, strategies, and campaigns that were not only on brand but were designed to shake things up. Scott says this challenger mindset isn't one the agency has simply moved on from. Instead, it is what pushes the agency to grow. Being scrappy is everything. When you become complacent, that's when you're in the danger zone. Why Self-Awareness is Key to Your Agency's Continued Growth An agency owner must be self-aware of the decisions they make and their approach to business. Naturally, you should change your processes and systems as your agency evolves.. While you should always be willing to adapt and grow with the market, never lose that spark and drive you had when you first started your agency. It's like a football team who is up 21-0 that decides to change their strategy. If they lose their drive, they'll quickly find themselves down 28-21. Scott says he's always challenging his team to stay focused and grounded to the core principles that got them to where they are today. Often the ones who find the most success are the ones who aren't afraid to take a risk. When everyone else is stepping back, this is your opportunity to step up. Be scrappy, take chances, and don't be afraid to make big moves. When you start with a fighter attitude you'll discover it's likely a mindset that will stick around. Ready to See How Your Agency Financials Stack Up? Agency Dad is the accounting and forecasting solution designed specifically for agencies. And for a limited time, Smart Agency listeners can get a FREE AUDIT so you can compare your agency's financials to the industry benchmarks. When you know your numbers you can make smart decisions in order to grow your agency. Agency Dad will take you to the next level with bookkeeping, financial dashboarding, and forecasting built specifically for agencies. Head over to AgencyDad.money/freeaudit/ to receive a free audit on your agency's financials.
13 min
The Hustle And Flowchart Podcast
The Hustle And Flowchart Podcast
Matt Wolfe & Joe Fier
Rand Fishkin - Growing An Audience Without Facebook Or Google
We are hanging out with Rand Fishkin today, who previously co-founded the SEO company MOZ, and has most recently started a new venture with SparkToro. This tool is quickly becoming one of our favorite pieces of software to do a lot of research. It helps us figure out what content to create around specific topics, what topics resonate around audiences, and you can literally plug in your URL or social media channel and it will kick out all this research from a variety of platforms. If you are running ads, you are probably noticing lately higher costs, fewer options, and lower conversions. We break a lot of that down from Rand’s perspective and you’ll see why it’s important to diversify from Facebook and Google if you are solely relying on those platforms. You’ll also hear us talk about what’s in store for the future with the way Google presents search results, and what you should be doing to rely less on links while building up your brand. After you listen, get some more advertising tips with Curt Maly and Tom Breeze. “The primary goal is to get people to your website and your email list because that’s the one channel you always get to own and control.” - Rand Fishkin Some Topics We Discussed Include: * Perspectives on the zero clicks search problem * Checking out the Crack Shack (it’s not what you think!) * How to get honed in on a specific audience that will convert better * What do cookies and strange pajamas have to do with advertising? * Why getting people to like and share should be your secondary goal * From chicken sandwiches in your email to ground beef in your advertising to al dente pasta on Youtube, we got you covered! * Which ad networks are lacking in quality and which ones you should be using * Predictions of what’s ahead in the way in which Google ranks your site and what you should be focusing on in the future Resources From Rand Fishkin: * SparkToro * Something is Rotten in Online Advertising * Lost And Founder by Rand Fishkin References and Links Mentioned: * MOZ * SimilarWeb * Buzzsumo * Full Contact * Clearbit * The Butt Pajamas Will Follow You Forever * HelloWoofy * Are you ready to be EPIC with us?! Then grab our EGP Letter here! * Did you know we have an awesome YouTube Channel? * Join the Facebook Community - be sure to hop in our Facebook group to chat with us, our other amazing guests that we’ve had on the show, and fellow entrepreneurs! * This episode is sponsored by Easy Webinar - be sure to check out these special deals for our listeners. * Unique Facebook Ad Strategies That Are Making People Rich - Curt Maly * A Step-By-Step Guide To Profitable YouTube Advertising - Tom Breeze
1 hr 21 min
The Art of Online Business
The Art of Online Business
Rick Mulready
Quick Tip: A Better Alternative to Webinars?
I am back with another quick tip episode. These episodes have tips or strategies you can use to help you grow your online business so you can have a bigger impact and increase your revenue in the process. Are you trying to figure out what launch method is right for you? I built my business on webinars. I used webinars because that’s what I was taught and what I knew from day one. I got really good at them and loved them, but in 2017, I was launching a new program and wanted to try something new. I decided to combine the video series style launch with the live webinar-style launch and that is what I now call the Optimized Launch Method! Here’s the thing, all different launch methods work. It comes down to what your personal preference is, what your values are and what will resonate with your audience. In this episode, I want to share with you the types of things that I would encourage you to think about when you're deciding what type of launch to do. If you have questions about your next launch, you’ve come to the right place. If you're interested in the Optimized Launch Method and you’re a course creator, online coach, or maybe you've got a membership, and you're looking for a simple, repeatable, low-stress launching option, then I want to invite you to my new free live mini-series training starting on Monday, January 25th. In the training, I will teach you my Optimized Launch Method. It’s the easiest launch that you will ever do, and by the end of the free training, you're going to have a complete plan for using it in your business. It’s not too late to sign up! To register go to www.rickmulready.com/livetraining. Links & Resources Mentioned in this Episode: www.rickmulready.com/livetraining. Full show notes are available at www.rickmulready.com/462
21 min
The Jason & Scot Show - E-Commerce And Retail News
The Jason & Scot Show - E-Commerce And Retail News
Jason "Retailgeek" Goldberg, Publicis & Scot Wingo, Channel Advisor
EP251 - 2021 Annual Predictions
EP251 - 2021 Annual Predictions 2020 Recap – Predictions made on episode 204 2020 Predictions Recap Scot * Shopify wilts a bit – new competition comes out with different angles (marketcap stays static) – No * Fedex does something drastic – buy eBay? Merge with Alibaba? No (but shoprunner for 0.5) * The year of returns – “happy returns” – a startup raises $100M+ in space. No (but 0.5 for year of returns) * Mallageddon continues At least another 8k stores Yes 8721 stores +1 * Google gets aggressive in ecommerce Yes +1 (Bill Ready, etc…) Score 3/5 Jason * Walmart – growth slows due to completion of grocery build out. Marc Lore leaves Walmart. No on growth, yes on Marc Lore (0.5) * Amazon – Opens affordable grocery concept. Digital grocery wars heat up. Yes * Owned brands continue to grow. 5% of retail in 2019, could be 8-10% in 2020 (as measured by IRI, for CPG private label). Yes * Installment Payments heat up – At least one company is acquired (Affirm, Afterpay, Klarna, QuadPay, Sizzle) Yes (IPO’s) * Digital in-store heats up, QR codes make a comeback Yes Score 4.5/5 2021 Predictions Jason: * Made to Order apparel business > 9 figures * Retailer offers viable health alt insurance option to consumers * Grocery E-Com > 10% someone deploys(not pilots) MFC * Amazon Shopify Competitor (shipping solution) * Retail Media > $20B Bonus – More store closures in 2021 than 2020. Scot: * Amazon move to same day prime by opening a huge wave of neighborhood DCs (near DSPs) * Shipping (Shopify) – launch own DSP * Shopify marketplace * ‘zero friction addiction’ sticks – I’ve seen 30-40% repeated a lot, I think it’s 60-80%. commerce penetration says at 16% or better in 2021. * spac/ipo? Dnvb wave Bonus: post-covid anti-consumerism/materialism wave Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 251 of the Jason & Scot show was recorded on Thursday, January 21st, 2021. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 251 being recorded on Thursday January 21st 2021 that’s a lot of twenty ones I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Scot: [0:42] Hey Jason and welcome back Jason Scott show listeners. It’s our annual tradition here at the Jason Scott show put out some predictions it’s a little bit of a Jason versus Scott competition to see which of us is best at predicting the trends, and the future of retail e-commerce and payments. [1:01] If you’ve been following us for a while way back in episode 204 that’s when we made our predictions for 2020 we did that in I believe January of 2020 just like we’re doing here in 2021. And way back then we combined an annual recap and then we did our predictions and that show was six hours, so being why is podcasters we decided that’s a lot of Jason Scott to just in one sitting so, good news we have split it up this year so last week we did the annual recap and then this year that frees us up to do the predictions. So what we like to do here is go through our predictions and score how we did so that’ll be the first half of this episode, and then to make it fun we like to read each other’s predictions and see how the other person did and then try to do a, yeah a negotiation I guess I would call it yeah so we try to come to terms with some kind of a scoring it’s always hard is. Use a bit Jason so bad try to try to sandbag a little bit so we’ll see if that works out this year. Jason anything you want to add before we jump into it. Jason: [2:18] No I want this to be one of my favorite shows of the year but as you alluded to I generally get shellacked so bad that it starts out fun for me and by the end I’m just totally depressed. Scot: [2:31] Yeah well we’ll see we’ll see how it goes free this year. Jason: [2:34] Yeah it’s a new year so I’m optimistic it’s like the San Diego chart or La chargers at the beginning of the Season before they have to pay anyone. Scot: [2:44] I will say when we first started podcasting you said Scott I’ve read all these articles in the biggest thing is being consistent and that was in 2015, so dang if we haven’t been consistent so we started in November of 2015 so then we did 16 17 18 19, 20 so this will be our sixth year of making these predictions if I’m doing my math right. Jason: [3:08] That I don’t think you are right. Scot: [3:11] I may have an N plus 1 from this is either our fifth or sixth year of doing these predictions. Jason: [3:18] We’ll get the intern on that but let’s let’s jump into them so I have your 2020 predictions in front of me, and your first one was kind of Doom and Gloom you is I’m recalling in January of 2020 Shopify was very hot and Buzzy and I believe your prediction was that they would Wilt a little bit and that new competition would come on in with more Innovative angles and that they would have a decline. Scot: [3:48] Yeah I kind of blame you for this when you get me so sold on headless Commerce I probably jumped the gun a little bit also again we made these predictions in January and I don’t think we had even heard of coronavirus at that point. I don’t know do you remember. Jason: [4:04] It was not common because I had a trip coming up at the time to China I had actually like they were starting to like, mildly talk about it in January then but definitely yeah these predictions were not influenced by any Corona awareness. Scot: [4:24] So this was a total zero. Jason: [4:27] Yeah I want to say their stock was at 450 when you made that prediction and you can get it for the budget price of 1193 right now. Scot: [4:35] Yeah it was super overpriced and then covid hit and then the revenue surged from like 50 percent growth to a hundred percent growth and then the stock followed and yeah so that was a bad one so that that one was a zero it was a dud. Jason: [4:49] It’s good it’s good to get one of those under your belt though, um so then your second prediction was that FedEx would do something dramatic like by eBay or merge with Ali Baba. Scot: [5:06] Yeah the driver on this one is you know the the Amazon is exerting pressure across multiple ecosystems simultaneously and one of them is shipping, and I do feel like UPS and FedEx are feeling that pressure again the pandemic just kind of change this one so everyone I think. Yep stopped worrying about oh my gosh what’s going to happen with the Amazon to how do we ship so many packages and so this was a Miss 2, I will throw myself to the the jury though there was the shop Runner acquisition which I think is massively. This effectively gives FedEx a complete Prime competitor so they’re going they’ve won up to Amazon. Shop owners better than Prime 10 times as many subscribers I. Jason: [5:57] I believe. Scot: [5:58] Well I have to have someone fact. Jason: [5:59] Amazon might actually be getting out of the Prime business because they just they don’t want to compete with the the FedEx shop Runner duopoly. Scot: [6:08] Could happen. Jason: [6:09] Yeah I totally see the spirit of this prediction there was a lot of financial stress on FedEx and yeah I could you could imagine something, big happening I think this illustrates to me like one of my biggest learnings from having done a bunch of these prediction shows which is. Having a good idea of what might happen isn’t even as useful as, getting lucky on the time Horizon because I feel like you and I have both made predictions that. But we’re…
1 hr 7 min
Ecommerce Empire Builders
Ecommerce Empire Builders
Ecommerce Empire Builders
5 EASY Digital Product Niches That Make Millions ($$$)!
👉🏼👉🏼 FREE 7 FIGURE ECOMMERCE MASTERCLASS: http://bit.ly/funnel-class-pd ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Info product marketing is a great way to get a head start with online marketing and business. In this video, we discuss some niches that are trending and will make it easier for you to produce information and digital products to sell to the masses! It's a great way to earn extra income and the best part about information products is the low overhead required that makes it easy to be profitable! If your looking for digital product idea's this video is the place to start. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📥 FREE FUNNEL DOWNLOADS: Free+Shipping Funnel: http://bit.ly/Free-Six-Funnel Print On Demand Funnel: https://bit.ly/2zKmHTZ Membership Funnel: https://bit.ly/2MjG7Vu ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🖥 EMPIRE BUILDER RESOURCES: ClickFunnels FREE 14-day Trial: http://bit.ly/2xTPfEe Shopify FREE 14-day Trial: http://bit.ly/2gHMJP2 Zipify One Click Upsell: http://bit.ly/2j95pYG Funnelish: http://bit.ly/2xp5LNr Empire Book Club: http://bit.ly/eeb-book-club ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👨‍👩‍👧‍👦 JOIN THE EMPIRE BUILDER CONVERSATION: Facebook Group ► http://bit.ly/FBGroupEEB Instagram ► http://bit.ly/InstagramEEB PodCast ► http://bit.ly/PodcastEEB Untapped Focus ► https://www.instagram.com/untappedfocus/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🦁 About the Empire Builders: My name is Peter Pru and I’m the creator of the Ecommerce Empire Builders. What first started as a side project and a way of sharing my eCommerce strategies with others quickly turned into an amazing movement that is impacting the lives of thousands. If you're ready to start building your ECOMMERCE EMPIRE and refuse to settle for the status quo. You're in the right place. Every day we talk about Shopify, ClickFunnels, Dropshipping, Sales Funnels, Subscription Boxes & Continuity Programs, & general Mindset and Business strategies for success! Now let's start building your EMPIRE!
19 min
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