eComFuel

By far, the thing that has made the biggest impact in terms of financial results in my own business—while doing the least amount of work—has been pricing, and it’s something that I’ve always wished I had done so much sooner. Joining me on the show today is Drew Marconi, co-founder of Intelligems.io, which helps eCommerce brands scientifically test their pricing to find the right one for their brand, and we’re geeking out together on all things pricing. Take a listen as we discuss the current pricing landscape and find out what Drew learned during their recent Shopify pricing experiments. We also discuss whether it’s better to include shipping in your pricing, whether you should let your customer base know if you’re raising your prices before you pull the lever, and what to expect in the near future when it comes to pricing trends. You can find show notes and more information by clicking here: https://bit.ly/3xpei3H Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

What do you get when you take a discontinued National Geographic catalogue and 12 years of experience in the print catalogue sector? If your name is Allan Shiffrin, you may just get an 8-figure business. If you’re an eCommerce brand, you’re definitely going to want to listen to this episode to find out how you can make direct mail a major source of sales for your brand. Listen in as we geek out about catalogs, direct mail, and how to be able to make what is equivalent to a Facebook lookalike audience for direct mail contacts. Allan also shares some of the tools and co-ops that you can use to get started, how to lay out a great catalog, and the magic number of products to include in a direct mail catalog. You can find show notes and more information by clicking here: https://bit.ly/3BaxlQn Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

Search for “side hustle ideas” in Google and you’ll get a million and one results. In fact, side hustles have trended upward over the last couple years as people worked them to supplement their income during the pandemic—and many even used their side hustle as an exit path during the “Great Resignation.” Spencer Jan is the co-founder of SoloStove.com, and he is one of the side hustle success stories, having bootstrapped his way to a $2-billion valuation in only 8 years while working a full-time job for much of that time. Listen in as he shares Solo Stove’s journey from being a side hustle to a highly profitable and valuable company. You’ll hear why he and his co-founder and brother, Jeff, obsessed over margins from the very beginning, as well as the painful reality they faced when they first went to sell. We also discuss the importance of profitable margins, how to stay lean as a company, and why it’s important to get out of the default mode of working more and instead spend more time on what matters most. You can find show notes and more information by clicking here: https://bit.ly/3wEIh7C Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

Do you understand why your customers buy? This week, we’re running a replay of one of the more interesting episodes from the last year with Charles Burdett of PipDecks.com, which is a suite of card decks that helps people do anything from brainstorming creative workshop ideas and improving their storytelling to designing more innovative products. What makes PipDecks.com particularly interesting is how Charles was able to take a product that has a very low cost of goods and sell it at incredibly high prices. You’ll learn how his positioning and his branding have been the secret to selling the decks based on their value rather than on their physical worth. He also shares the one question we should all be asking our customers to understand why they buy, as well as how to overcome the mindset block that most entrepreneurs will grapple with at some point. You can find show notes and more information by clicking here: https://bit.ly/3QVnnce Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

Email has to be one of the biggest pain points that entrepreneurs face, and it’s also something that is an inevitability in today’s world if you’re in eCommerce. I’m happy to say that I finally feel like I’ve gotten to a good place when it comes to my inbox—I no longer feel a sense of chaos when I open my email, and what used to take me over 2 hours now takes me half the time it used to.  In this last solo episode of the summer, I’m discussing how I managed to wrangle my email and cleared out most of the junk, made the important stuff easy to spot, and overall made it possible for me to move through my inbox quickly and efficiently. I’ll also be sharing the game-changer that helped me control the chaos much more easily and why I let go of a lot of hangups I had when it came to email (that you may also have and not even be aware of!). You can find show notes and more information by clicking here: https://bit.ly/3ADmpf4 Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

Welcome to another episode in the summer mini-series where we're diving into topics related to creating an amazing life—something that I know applies to all the entrepreneurs listening. Today we're jumping into something that all the finance geeks will love: tracking your net worth and spending. I'm sharing not only why you should be doing it, but also the best ways I’ve found to pull the info together in a way that makes sense and doesn’t have you sharing your financial info with third-party apps. Listen in as I break down the high-level reasons why you absolutely should be tracking your net worth and your household spending, the method I love for tracking spending, and what I include (and exclude) when looking at my net worth. I also discuss my 4% rule, benchmarking, and the cool freedom chart that tracks your monthly burn rate against your earnings and shows you real-life progress over time. You can find show notes and more information by clicking here: https://bit.ly/3QgSPkR Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

If you’ve noticed recently that your emails are not being read or clicked through as often as usual, you are not alone. Today on the show I have Daniel Reifenberger, our resident ECF email marketing expert and the Founder and Chief Strategist at YourLoyalTribe.com, to walk us through what has been going on in the world of email marketing—and of course, how you can improve your email deliverability metrics. Listen in as Daniel breaks down the audit he did on eCommerceFuel’s email deliverability, and hear my raw, unscripted reaction to the data as I hear it for the first time. We also discuss what the auditing process was like, what the overall email marketing landscape looks like today, and tips for improving your email deliverability. You can find show notes and more information by clicking here: https://bit.ly/3oXDOsi Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

If you’re in the eCommerce world and have any kind of inventory-based business, you know how growth can be a double-edged sword: the faster you grow, the larger the POs that you have to place and the more likely you are to slip into a negative cash flow. Ben Tregoe is the CEO and Co-Founder at BainbridgeGrowth.com, a company that helps eCommerce businesses with advanced financial modelling and evaluating different options for financing their growth. He joins me today to talk through some of the options and the pitfalls that eComm businesses can face as they grow. Listen in as Ben shares some of the biggest mistakes that brands make when it comes to financing, as well as the importance of thinking well into the future when looking at all the options available. We also discuss the best financing options for every stage of the eCommerce business (including PO factoring, mezzanine debt, and the Kickfurther model) and the one area where many don’t focus enough when it comes to financing options. You can find show notes and more information by clicking here: https://bit.ly/3PY7Fgd Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

We've all heard the phrase “work on it, not in it” in relation to business—otherwise known as “the owner’s trap.” But what if I could make the case for why there actually is a time and a place to get back to working in the trenches, talking to your customers, and diving right into the nitty-gritty of your business? In this mini solo episode, I share the top reasons why you should consider periodically diving back into the details of your business, including how you can get some really valuable feedback from not only your customers, but also your team members. Then tune in to the end for a bonus mini-episode with Allan Fisch of Moonshot Brands, an organization that buys Amazon and Shopify businesses and gives eCommerce founders financial freedom, as we discuss what’s happening right now in the eCommerce landscape and how A2X plays into Allan’s acquisition process. You can find show notes and more information by clicking here: https://bit.ly/3PQmpgA Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

So how are entrepreneurs doing lately? Dr. Sherry Walling joins the show for the second time around to give some insight into the state of entrepreneurship today, including whether entrepreneurs are re-evaluating their lives and businesses as the world emerges from the pandemic. As a Clinical Psychologist that specializes in helping entrepreneurs with their mental health, and the founder of the ZenFounder.com podcast, she has a unique finger on the pulse of what it’s like to be an entrepreneur in the world today. Listen in as we talk about some of the most common myths that entrepreneurs tell themselves, what it can look like to balance work and personal life successfully as an entrepreneur, and whether it is actually more stressful to be an entrepreneur today than at any other time. We also explore grief and psychedelics, including the strategies that Sherry personally used to grieve and how she uses psychedelics therapeutically in her practice. You can find show notes and more information by clicking here: https://bit.ly/3RLT4Wo Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.