The Foundr Podcast with Nathan Chan cover image

The Foundr Podcast with Nathan Chan

511: How One Product Made Him $40M | Ezra Firestone

May 10, 2024
39:51

Ezra Firestone’s businesses generated $70M in revenue last year, but he says he’s just “some guy.” He started his first ecommerce store in 2006, selling Marge Simpson wigs. Despite being a high school dropout with no experience or education, he was determined to make his business work. Two decades later, he’s invested and co-founded five successful businesses, including Smart Marketer, an ecom education platform that helps entrepreneurs run stores that generate over $20 million in yearly revenue. In this episode, Firestone leans on his decades of experience to outline the fundamentals of a revenue-generating ecom business.

In this episode, you’ll learn:

  • Why you don’t have to be “book smart” to be successful
  • Firestone’s step-by-step sales funnel
  • Why you need a basket-building product at the beginning
  • The benefit of a merchandising strategy
  • The three core aspects of business
  • What conversion-based commerce means
  • A TikTok Shop secret
  • How he almost went broke selling 8,000 Marge Simpson wigs
  • Why having fun helps you win in business
  • And much more ecom strategies and advice…


Click here to start your business for $1. You’ll get all-access foundr+, where you’ll find more in-depth, proven strategies from founders like our guest today and support and advice from our global community of 30,000 founders.

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