The Andrew Faris Podcast 7 Ways You're BLOWING Money In Your Ecommerce Business
Jan 21, 2025
Discover how e-commerce businesses can save big by rethinking their expenses. Learn about common pitfalls in advertising that can drain your budget and the importance of optimizing prices for better profit margins. Dive into cost-saving tactics like supplier negotiations and exploring multiple shipping options. This insightful discussion emphasizes experimenting with pricing and engaging virtual professionals to streamline operations—all aimed at maximizing your e-commerce success!
AI Snips
Chapters
Transcript
Episode notes
Stay Lean
- Keep e-commerce businesses lean, focusing on high revenue per head.
- Limit salaries and OPEX to under 15% of revenue, especially above $3 million.
Offshore Talent
- Explore offshoring for talent acquisition to reduce costs and access skilled workers.
- Consider countries like Canada, Latin America, or the Philippines for English-speaking talent.
Undervalued Offshore Team Lead
- Andrew Faris recounts discovering exceptional talent in the Philippines through a staffing agency.
- He realized he was underutilizing a highly skilled team lead due to her offshore location.