Episode 20: Can Ecommerce Be Profitable? 3 Steps to Make Insane Profits on Ecommerce
Release Date: 06/07/2021
Mr Sam Baldwin's Podcast
So you're running an Ecommerce store or you're planning to start one, and you're wondering where and how to find your target customers. Have you tried finding new customers in online forums?
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Why Ecommerce is the future? Seriously! With everything that’s happening, more businesses are now moving to Ecommerce. So if you’re not yet growing your Ecommerce store, now is the time to start!
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You've heard about it. You've seen people in social media flaunting their money and sports car. You know someone who wouldn't stop yapping about his online business and the money his making online! But seriously! What is Ecommerce and how does it work in 2021?
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Can Ecommerce be profitable? In this episode, I’m going to show you how to make money in Ecommerce and make your store insanely profitable.
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Heard about Ecommerce but don’t know where to start? In this episode, I’m going to show you how to get started in Ecommerce and the opportunities that await you.
info_outline Can Ecommerce be profitable? In this episode, I’m going to show you how to make money in Ecommerce and make your store insanely profitable.
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/
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Today, we are answering some of the most controversial questions that Ecommerce newbies ask!
""Can Ecommerce be profitable?""
“Can importing products be profitable?”
“Can dropshipping be profitable?”
“Can Print On Demand be profitable?”
“Can selling your own product be profitable?”
""How much can you make from Ecommerce?""
""How to make money on Shopify?""
I'll answer them all in one go, in this episode!
Yes, Ecommerce can be profitable but it’s all about the numbers. What do I mean by this? You can make the most profitable Ecommerce businesses by just keeping a close eye on your finances.
It’s so simple. All you need to do is make sure that your sales are high enough and your expenses and product costs are low enough to always have profit coming in.
To do this, you need to:
1. Increase your sales
2. Decrease the amount you pay to suppliers
3. Reduce your expenses
All businesses can be profitable, you just need to make enough sales and reduce your expenses.
So yes, dropshipping, print on demand, Amazon FBA and selling your own products, all can be profitable, just watch the numbers and you can make it work.
🔗 Here’s the links to the videos that I recommend here:
⦿ How to calculate Average Order Value for Your Ecommerce Store: https://www.youtube.com/watch?v=yT-_m...
⦿ How to Calculate Average Lifetime Value - https://www.youtube.com/watch?v=hclpu...
⦿ How to Set Up Google Adwords Custom Columns - https://www.youtube.com/watch?v=-Yt_S...
⦿ How to Calculate Your Ecommerce Profit Margin - Full Template Included - https://www.youtube.com/watch?v=Iwf6C...
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=uVBJevIj-_M
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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