The Andrew Faris Podcast 5 Things You're Not Doing That Will Add Profitable Growth
8 snips
May 16, 2025 Discover five essential strategies that can supercharge eCommerce success. Learn how regular product launches engage customers and drive loyalty. Explore innovative pricing tests that boost profitability while minimizing risks. Underscore the importance of optimizing your supply chain for faster production and better inventory management. Delve into the power of influencer engagement to elevate brand visibility. Packed with actionable insights, this discussion reveals where you might be missing out on significant profits.
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Launch More Products Faster
- Launch products more frequently to boost retention and generate new customer interest.
- Build a low-risk, efficient product launch system with low MOQs and quick supply timelines.
Price Testing for Profit
- Conduct systematic price and offer testing to optimize profit margins and understand customer spending behavior.
- Experiment with pricing structures and site-wide offers continuously to find the best revenue balance.
Run Target ROAS Ads
- Use target ROAS campaigns on Meta to optimize for high-value customers instead of just lowest CAC.
- Duplicate best ads with target ROAS bidding to increase reach and profitability.