#12WeeksToPeak #ecommerce #onlinebusiness
Maximize Your Profit Margins When Selling Online, David Schomer
David Schomer and I discuss the evolving landscape of e-commerce, focusing on the competition between Amazon and Shopify. (One is much better than the other, and it's not even close.)
We explore the importance of data-driven decisions, profit margins, and customer relationships in building a successful online business.
David shares insights on the challenges of selling on Amazon, the benefits of owning customer data through Shopify, and the significance of diversification in business models.
We also get into the importance of hiring the right team and the value of veterans in the workforce. (We know the Air Force is best!)
We also discuss David's journey from accounting to entrepreneurship. He discusses the importance of e-commerce and conversion rates in business growth, as well as redefining what it means to be an entrepreneur in a team setting.
00:00 Introduction to E-commerce Success
03:10 The Amazon vs. Shopify Debate
06:11 Understanding Profit Margins in E-commerce
09:05 The Importance of Customer Relationships
12:12 Diversification in E-commerce Business Models
15:12 Hiring and Managing a Team for Success
24:22 The Value of Military Experience in Hiring
28:31 From Accounting to Entrepreneurship: David's Journey
33:04 E-commerce Insights and the Future
39:00 Redefining Entrepreneurship: Working for a Team
43:54 Connecting with the Audience: Resources and Closing Thoughts
Key Points
Guest Site: https://firingtheman.com/
Guest Site: https://buildgrowscale.com/
Not for the mediocre majority: Learn how I get more done in a quarter than most achieve in a decade in 12 Weeks To Peak™ https://wesschaeffer.com/12w
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#12WeeksToPeak #ecommerce #onlinebusiness
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