After recording this episode, Ben's back to ask about the various strategies that I've been incorporating into our brands to revive our profit margins.
In this new episode, Ben will be asking me a bunch of questions on how I've managed to increase profitability back to 15% from almost losing money in the beginning of the year. We've covered a few of these strategies in the past, but I thought it'd be nice to have it all in one episode for the audience to take and use for their own brands.
This episode is all about increasing profitability. With Covid-related challenges to consider and inflation in full swing, we thought this was a highly important subject to talk about, especially with Q4 in the horizon.
If you listened all the way to the end, then you know we have some exciting topics to discuss in upcoming episodes of this series, so make sure to tune in to the podcast.
As always, don’t forget to leave us a review over on iTunes if you enjoy our content. Happy selling and we’ll see you in the next one!
Learn how to take advantage of Amazon’s livestreaming feature with tips from Wizards of Ecom’s Carlos Alvarez.
Earlier this year, we got fellow podcaster Carlos Alvarez to share his personal and ecommerce journey with us – you can listen to that episode here.
Now, he’s back on the podcast to talk about a topic I wish we could’ve unpacked sooner: Amazon Live!
Launched in 2019, this feature isn’t totally new but not all Amazon businesses use it, myself included. This conversation might just be the push I need.
Carlos is here to walk us through the process of getting started on this and why brands should hop on the livestreaming bandwagon.
Check out the highlights from this episode:
Carlos, thank you for coming again on the podcast and sharing your time with us. Our discussion got me excited to try out Amazon Live for my own brands.
For those who have any questions for Carlos, feel free to send him a DM on Instagram @wizardsofecom. If you’ve already listened to the episode, you’d know that Carlos has generously given out his phone number as well. But serious queries only, please!
As always, don’t forget to leave us a review over on iTunes if you enjoy our content. Happy selling and we’ll see you in the next one!
Mike and Dave ponder EcomCrew’s early years as they bid a bittersweet goodbye to the company’s first employee.
July was an interesting month. For me, my top line number went down, but my bottom line number went up – thanks to reduced PPC costs, raised product prices, and AGL.
Dave, on the other hand, rants about the ridiculous sales tax being imposed on businesses based in British Columbia.
We also discuss our takes on 3PL, which Dave and I are approaching very differently: I’m slowly weaning off of it, while Dave is heavily reliant on it (for an inevitable yet valid reason).
In more devastating news: Abby, EcomCrew’s employee #1 and brand manager is leaving us. This was bound to happen eventually, but it still feels very sad that it's actually happening.
That concludes our July Brand Report. It’s definitely going to be challenging without Abby and we’ll miss her for sure, but that’s life. We wish her all the best in her journey.
We never have enough time on the podcast to cover everything in our Brand Report, so if you want to see the full-length report, check out the blogpost here.
As always, don’t forget to leave us a review over on iTunes if you enjoy our content. Happy selling and we’ll see you in the next one!
Mike is joined by 101 Commerce founder RJ Jalichandra as he talks about the growing pains of being a pioneering FBA aggregator and where the industry might be headed in the coming years.
If you’re well versed in the wider ecommerce landscape, you’d know that the FBA aggregator or acquisition industry have become a lucrative business in recent years.
RJ is the founder of 101 Commerce, which is considered the first FBA aggregator with institutional backing. Before names like Thrasio went big, there was 101 Commerce.
RJ's been on the podcast before, when 101 Commerce was just getting started, and so I thought RJ would be a great resource person to talk about the ins and outs of being an FBA aggregator, how the business works and the current environment of the industry.
If you want to listen to our first episode together, you can find it here.
Thank you so much for your time, RJ. It was nice to catch up and chat a bit about the inner workings of the aggregating business.
If you need advice on how to sell your brand, you can message RJ on LinkedIn. You can also check out Incline Capital’s website for more information on their services.
As always, don’t forget to leave us a review over on iTunes if you enjoy our content. Happy selling and we’ll see you in the next one!
In this yearly review episode, Dave gives an update on how his brand’s been doing the past year, from feeling the fallout of a post-pandemic market to increased competition in the niche.
I did the first one of these annual reviews on July 17, 2017. It’s kind of surreal how fast time flies. I’ve always enjoyed these because it makes me take an objective look at my brand.
Businesses in certain niches certainly benefited from the lockdown, us included. With people choosing to do more outdoor activities then, we saw a spike in our sales the first two years into the pandemic.
However, as the world slowly opened up again and travel resumed, our revenue went down. I’m sure other businesses in this niche are experiencing this as well.
The past year wasn’t all that bad though. We had our losses, but we had awesome wins too. I’ve also set some goals for the company that I hope will come to fruition in the coming months.
Check out the highlights from this episode:
That’s it for my year-in-review podcast episode. Thanks for tuning in and I hope you were able to take away a thing or two from this brief discussion.
I also did a blogpost where I elaborate more on these points in detail over at ecomcrew.com. Go check it out and leave a comment. I’d love to know what you guys think.
As always, don’t forget to leave us a review over on iTunes if you enjoy our content. Happy selling and we’ll see you in the next one!