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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?
Sign up for the FREE Product Page Mastery Course here: https://learn.keycommerce.com/product-page-mastery/
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Someone who had gone through my FREE course told me that he realized that he has been crafting his ads and website all wrong. While his website said one thing to his customers, they wanted to hear something completely different.
This is a very common Ecommerce mistake that a lot of online sellers make when they create a website and run ads. They just throw everything in there and hope to get conversions. But it's not how it works! To succeed in Ecommerce, you need to understand your target customers! You need to know what their problems are, their needs, and their pains.
Understanding customers and finding a way to help them is really important. If you know their pain points, you can craft your website and your ads that will speak directly to your customers. How? You can do this by finding customers online.
But where can you find customers online and how do you reach out to them? I recommend ONLINE FORUMS. Forums are like online chat rooms where people gather to talk about a certain topic, product, or just anything under the sun.
You can search for forums in your niche and maybe create an account so you can join that forum. Once you're in, you can see what your target customers are crying about and what they are looking for. This is one of the most effective ways to truly understand your customers.
Sure it's exhausting but it's also incredibly enlightening. If you continue using the wrong words and wrong language in your website and ads, you will never get the results that you want. You will never get the attention of the people you are trying to sell your products to.
My FREE Product Page Mastery Course will teach you how to understand your customers and create an incredible product page that converts your customers at over 3% and even up to 10% with the right traffic source. It's 100% FREE! If you want to up your game and scale your store, get the free course here: https://learn.keycommerce.com/product-page-mastery/
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=ExUmLirOf_8
🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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Want to learn how to price your products? In this video, I will show you two eCommerce pricing strategies that every online seller should know.
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There is no black and white approach when pricing your eCommerce products. There are a number of pricing strategies that you can choose from but remember that not all will work for your kind of business. You need to consider a few factors and do your homework to decide which pricing methods will work best for you.
In this episode, I will show you the best way on how to price your products and go through two competitive pricing strategies: cost-plus pricing and value-based pricing.
Product Pricing Strategy #1: Cost Plus Pricing
Also called as Cost-Based Pricing, this eCommerce pricing strategy is where you work out your costs and then just add a percentage on top of that.So here you work out your total cost for the product, which includes the cost of the product from the supplier and any overheads. For example, you might pay your supplier $20 for your product but then the total costs of all your labor, rent, subscriptions and other expenses equal $10 per product. You then add on what’s called a markup, which could be 50%.
So your total cost is $30 and you add 50% which would be $30 x 1.5 = $45
Now you may have already seen something a bit tricky here which is that it might be easy for you to work out your cost to suppliers.Product Pricing Strategy #1: Value-Based Pricing
Value-based pricing is where you price the product based on the perceived value from customers. This means selling your products based on what customers are willing to pay. Maybe you are selling a bottle of water that costs you $0.10 to produce, but if you’re selling it at a music festival where people are dying to buy water so they’re willing to pay $8 per bottle.If you used cost-based pricing you’d only sell it for a few cents more than $0.10, but with value-based pricing, you’re now selling it for what the market is willing to pay.
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=ffA27wverW0🔗Here’s the video on Average Order Value that I recommend in this video: https://www.youtube.com/watch?v=yT-_mEeTgkg&t=0s
🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
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📸 Instagram: @MrSamBaldwin#EcommerceProductPricing, #HowToPriceProducts, #MrSamBaldwin
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"Why increase your bids if you're already profitable on your campaigns in Google ads?” I get asked this question a number of times. So in this episode, let's talk about Google Ads bid adjustments and how it affects profitability.
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/🔴 Subscribe for more tips just like this: https://keycommerce.com/Subscribe
This is a really good question and it makes sense on the top level. However, if we want to dig deeper into this topic, you first need to understand how the Google Ads Auction works. By doing this, you can understand that increasing your bids when you're already profitable can actually lead to way more volume of profits.
Google Ads Auction works by setting a maximum CPC or if you have opted for automated Google Ads bidding strategies, google will set this for you. But everyone has to pay cost per click. It's called pay-per-click marketing. The cost that you're willing to pay isn’t used in relation to your quality score to work out your ad rank and basically, in simple terms, there's a lot to get into here.
It simply means that if you're willing to pay more per click, then you're going to get a high position in the auction and you're going to get a bigger volume of clicks. However, those clicks are going to be more expensive.
How does this relate to profitability?
You have two metrics for this: average profit per conversion and the actual total volume of profits. There's a bit of a battle between these two metrics right now. When you're asking this question because you might be profitable on a product level, this means that your conversion is making you so much profit. But because your bids are so low, you're just not getting the volume of clicks to make a massive volume of profits because you know theoretically that you can increase your bids in your campaigns. And yes, your average cost per conversion is going to increase potentially just a little bit.When you really think about it, it's quite a complicated question because, as mentioned, you need to understand how the Ad Auction works. Watch this video to learn more!
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=Y79wqeq9ryE
🔗 Here’s the video on Custom Columns in Google Ads that I recommend in this video: https://www.youtube.com/watch?v=-Yt_SKPrhxg&t=0s
🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#GoogleAdsBidAdjustments, #GoogleAdsBiddingStrategy, #MrSamBaldwin
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There are different types of Ecommerce businesses that you can create, and you have to choose the best model or method that will work best for your store. In this episode, you’re going to learn the top 3 Ecommerce business models.
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/🔴 Subscribe for more tips just like this: https://keycommerce.com/Subscribe
In this episode, we are going to talk about three of my favorite Ecommerce business types. These are all fulfillment methods to get your products into the hands of your customers. I’m going through each but something I really want to emphasize is that each method really doesn’t matter TOO much. At the end of the day, what's important is that your customers get the product.
Ecommerce business model #1: Dropshipping
This is one of my favorite Ecommerce business models. In this method, you list the products on your site but your supplier ships the product directly to your customers. That means someone places an order and you send the address and customer details to your supplier and they just send it directly to the customer.Advantages of this Ecommerce business type:
1. Quickly test out your products and target audience without needing to purchase inventory
2. No need to stock the products yourselfDisadvantages of this Ecommerce business model:
1. The supplier might mess up the order
2. It’s hard to deal with returns
3. You can't personalize the packaging of your productsEcommerce business model #2: 3PL (Third-Party Logistics)
In this Ecommerce model, you buy the inventory but ship it to a warehouse where another company takes care of packaging it and sending it to customers. So when an order comes in, you send the details to the warehouse and they take care of sending it to customers.Advantages of this Ecommerce business type:
1. Allows you to not have to rent a warehouse or deal with employees
2. Easily keep your eCommerce store fully remoteDisadvantages of this Ecommerce business model:
1. Wrong products could be sent
2. Shipping could take longer
3. You couldn't customize the packagingEcommerce business model #3: Shipping the products yourself
This is where you get the products shipped to your house, garage, or your own warehouse and then ship them out to customers from there. This type of Ecommerce model allows you to make more profits while also having a really high-quality shipping and unboxing experience for your customers. It means that you can ship out orders really quickly and add notes and other gifts for your customers in the packaging.
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=Pa4mi5GlsUI🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#EcommerceBusinessModels, #TypesOfEcommerce, #MrSamBaldwin
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In this episode, I’ll be going through 4 HUGE MISTAKES that Ecommerce beginners make. Stop wasting your money by avoiding these top Ecommerce mistakes!
📅 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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Making mistakes is normal and it's nothing to be ashamed of. I can remember when I was still new to the Ecommerce industry and I don't know where and how to start. I made a lot of mistakes--mistakes that cost me a lot. But I also realized that Ecommerce is trial and error, where you need to constantly test your strategies and figure out what's going to work for your business.
These things are very common yet I haven’t heard a lot of people talking about the common Ecommerce mistakes that Ecommerce beginners should avoid. So in this video, I'm going through the top 4 Ecommerce store mistakes that beginners make and how you can fix them.
Ecommerce Store Mistake #1: Not getting reviews for your store ASAP
If you are just starting your store, your focus should be on sales and on other ways you can do to get more sales. And one of those ways is getting high-quality reviews into your store. It's one of the most important things you can do.I’ve seen this first hand where Ecom store owners have got 10 more reviews added into their store and suddenly they’ve seen a big jump in the conversion rate. This is really good for your Ecommerce store because your new traffic can see who’s buying and using your products. It's incredible for building up social proof and showing that your products are awesome and people love them.
Ecommerce Mistake #2: Not setting up email marketing flow
This is a super easy way to basically get FREE SALES. A lot of people spend a lot of time and money on paid ads but they don’t follow up customers with emails to get them to come back and purchase again. Every customer you get, you grow your database of emails and you can go ahead and send them a tonne of different types of emails to get more sales. There’s so much potential here and it’s so cheap and this is how you can really make your store profitable.Ecommerce Mistake #3: Spending too much time researching and not enough time doing and learning on the fly
Many Ecommerce beginners get so caught up in all these courses and learning and they don’t realize that they need to take action to learn. You’re going to learn much more quickly when it’s your money on the line and when you’re testing and seeing results.I think a lot of beginners also think that they can just copy whatever strategy I recommend and it will always work for their store. However, it doesn't work like that. You need to listen to the stuff I’m teaching and apply it in your own way to your own store.
Ecommerce Mistake #4: Giving up before seeing results
Keep testing! Keep trying! Don’t give up until you really know it’s not going to work. I made this mistake myself with my first store. I sold candy and I gave up after 2 sales because I couldn't crack Google Shopping yet. It wasn't until later that one of my marketing clients wanted help starting his store that I got back into Google Shopping and spent the time learning how it worked and how I could make it profitable.I’m still working with that same store years and years later and he’s selling $500k worth of products every month!
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=UIkj1qEabEI
🔗 Here’s the video on Customer Lifetime Value that I recommend in this video: https://www.youtube.com/watch?v=hclpuonKdps&t=0s
💁 HELPFUL LINKS:
Create Your Klaviyo Account - https://keycommerce.com/Klaviyo
Get my FREE Product Page Mastery Course - https://learn.keycommerce.com/product-page-mastery/🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#EcommerceMistakes, #EcommerceFailures, #MrSamBaldwin
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In this episode, you will learn the biggest reasons why more people are setting up an online store. Starting an online business is not a walk in the park with all the time, pain, and money that you need to spend, but trust me! It will all be worth it!
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/
🔴 Subscribe for more tips just like this: https://keycommerce.com/Subscribe
Let’s talk about why many people are starting an online store in 2020, and why it's the best decision one will ever make. Here’s a spoiler: it’s not just to make money!
But seriously! Is starting an online business worth it? If it will cost you a lot of money, time, and headache, why bother and set up an online store? Well, I believe that there are two main camps here and I think you should try to adopt the strategies of both.
First, we have those people who want to help the world. Second, there are people who want to make a lot of money! And you need to figure out which camp you'd like to join.
The first group of people starting an Ecommerce business are the creators that want to help the world. They are the ones that love to make things and have created a product that people are finding useful.
Someone has told them that they should sell the product so that’s what they’re doing. They often start selling to their friends, at some local markets and they’ve set up a basic Ecommerce website and have an Instagram account where they’re sharing images of their products to their followers.
If you think that you are one of these people, then that's really awesome because if you’re doing this, then you have found a clear problem to solve and you are solving it. You’re also talking directly with people with this problem, with your target market, and you’re figuring out how you can create the best product to help these people.
The other type or online sellers (or the second group) are those that are obsessed with earning money, getting rich, and are not even thinking about how they can add value to people’s lives.
They think about how they can make their business as easy as possible for themselves; you know: passive income, or they don't have to do any work, or they just spend money on ads and pray for sales without doing any market research.
Yes, making money is important, that’s a lot of why we do this but you need to START with helping people. If you help people, the money will come and you will soon see all the benefits of online business.
Starting an online business in 2021 is again not easy, but it offers a lot of opportunities. It will be hard at first but when you know the ins and outs of Ecommerce, you'll realize the many advantages of online selling. But first, let me know in the comments below if your Team "Help the World" or Team "Make More Money Now."
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=7NCfpBkXFBw
🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#StartingAnOnlineStore, #BenefitsOfEcommerce, #MrSamBaldwin
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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!
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/
🔴 Subscribe for more tips just like this: https://keycommerce.com/Subscribe
In this episode, I’m going to convince you why Ecommerce is the future and the opportunities that await you when you start to grow your store now!
Ecommerce has been growing consistently over the past 10 years and it’s really hitting a massive growth period right now. I’ve been working in this industry for a number of years. I created my first store in 2013 which failed pretty miserably but since then I’ve generated over $12 million in Ecommerce revenue.
We’re seeing some crazy awesome stuff happening right now and the future of Ecommerce holds some promising growth and opportunities for online merchants. The industry is already growing fast but ever since the COVID pandemic hit in 2020, Ecommerce has been on steroids.
We’re seeing sales go up like crazy and we’re seeing the return on ad spend for our accounts increasing by 20-50% across the board. It’s incredible!
People that never really heard of or know how to do Ecommerce before this year are now purchasing their daily needs online. You have this big wave of a huge demographic of people that never previously trusted Ecommerce and never thought about buying online, but they’re now entering the market.
This is HUGE because it’s a big market of retirees that have cash to spend and it works really well for a lot of niche stores that have big margins.
I think that Ecommerce will be the way of the future and physical stores will largely be a place where people can go and try on clothing, see the products for themselves, but then buy it online where it gets shipped to them.
Ecommerce future trends are not going to be at all linear but what we know is it keeps getting better and better! So I would say NOW is the best time to scale your store!
🎥 Watch the full video version of this episode here: https://www.youtube.com/watch?v=FXJ_0iwjAL0
🎬 Watch my most recent videos: https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpA
My popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A
🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#FutureOfEcommerce, #Ecommerce2020, #MrSamBaldwin
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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?
📅 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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I love Ecommerce! It's my bread and butter. My experience and passion for helping other Ecom store owners (both Ecommerce beginners and experts) have helped me generate over $12 million in sales selling products online over the past few years which I think is pretty awesome.
So in this episode, I'm going to tell you what is ecommerce and how it works. If you are new to the industry and have no idea what it is, my goal is to help you here.
What is Ecommerce?
Ecommerce is the buying of goods or services via the Internet. Usually, people use it to talk about selling physical products online. However, it’s any sort of commerce or business that happens in the Internet.Today, Ecommerce business is a massive field and there are hundreds of thousands of stores selling products online to millions and millions of different people around the world. It’s an absolutely booming industry and Ecommerce in 2021 is still growing bigger and bigger!
How can you get into Ecommerce?
You can be a consumer and you can also be a seller. You can buy products from Ecommerce stores; a lot of people do this all the time.You can also set up your own Ecommerce store. You just need to have a website and a product, and that’s it.
How does Ecommerce work?
If your customers want to buy a product online, they will go to your website or search the product in Google. If you've optimize your Google ad, then it will surely appear in their search where they will click it, choose the product that they want, add to your cart, and then checkout through your virtual checkout. Then they pay the order with their credit card or through other online payments systems that your store offers.You will then have these orders shipped to the customers shipping address and should take from 1 day to a couple of weeks to arrive on their doorstep. Now that's Ecommerce!
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=mUNchZeLDBc
🔗 Here’s the video on Why Ecommerce is the future that I recommend here: https://www.youtube.com/watch?v=FXJ_0iwjAL0
🎬 Watch my most recent videos:
https://www.youtube.com/channel/UCpv6LoMeHrG-NPDCRnBWFpAMy popular videos:
🎥 Google Merchant Center Account Suspended - https://www.youtube.com/watch?v=DVwExqRr42A&t=0s🎥 Fix Disapproved Products - Google Merchant Center - https://www.youtube.com/watch?v=D48epLH-fFI&t=0s
✅ For more tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin#WhatIsEcommerce, #Ecommerce2021, #MrSamBaldwin
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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.
📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-session/
🔴 Subscribe to my YouTube channel for more tips just like this: https://keycommerce.com/Subscribe
How to start an Ecommerce business? This is the first question that all Ecom beginners ask when starting an e-business and it's important to know the foundations of Ecommerce before you can start scaling your online store.
The first thing you need to do is TO START LEARNING.
Yes, this is the hard bit at the start as you’re getting introduced to this whole world. But doing your research and just knowing the basics of Ecommerce is your first step to start a successful Ecommerce business.
You’ll need to learn how to:
1. Build your website
2. Find great products
3. How to listen to your customers and solve their problems
4. How you’re going to fulfill the products
5. How to get reviews for your products from customers
6. How to get quality traffic to your website
7. How to expand your brand into new areas
8. How to hire people to run your Ecom store so you’re not doing all the work.
There’s a tonne of stuff to learn here but I assure you that there is a fun adventure ahead of you with learning all these things and a lot more Ecommerce business opportunities. But you need to be really careful. There are plenty of scammers and gurus out there who would try to sell you their big courses, but the truth is they don't have any interest teaching you how to start an Ecommerce store. They just want you to buy their overpriced course and take your money.
So yeah, I recommend holding off on buying a course unless you really research it like crazy, trust the person teaching, and you can even see reviews from other people about the course.
In starting your Ecommerce business, you might also have fear of failure, fear of success, or you just feel like you need to know 100% that what you’re about to build is going to work. All that knowledge in your head is worth nothing unless you use it. So create your first store and just focus on getting 1 sale. That’s your first goal. Forget all the money you want to make and before you know it, you already have a 7-figure or an 8-figure store of your dreams.
🔗 Here’s the playlist on Building Your Ecommerce Store that I recommend in this video: https://www.youtube.com/watch?v=1Sqfh...
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=aTY-yaitolc
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin
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How much does it cost to start an Ecommerce business? I’m going to break down all the costs and show you how you can build your Ecommerce store without breaking the bank.
🔴 Subscribe to my YouTube channel for more tips just like this: https://keycommerce.com/Subscribe
In this episode, we’re talking about one of the most crucial questions all Ecom newbies ask! ""How much does it cost to start an Ecommerce store?""
Let's be clear! There is no set budget for building an online store but starting an Ecommerce can really be started for very cheap. You can even start your Ecommerce store for just $100. Yes! ONE HUNDRED DOLLARS!
Let me break down the minimum Ecommerce startup costs:
1. Website
2. Product and shipping
3. Payment processing fees
Ecommerce Website Builder Cost
You need a website which will serve as your main platform to sell your product! But you don't need to stress about this because it's very easy to set up. I recommend Shopify especially if you are a beginner. It comes with a lot of templates so it looks great right away and it has everything you need to start selling. Shopify is also very cheap and you could start running a decent website for $29 per month.
Product and Shipping Costs
You need to pay for this, too. Remember that the cost of your product depends on what you sell.
To give you an idea, usually the cost is going to be anywhere from 20 to 50% of the price you sell the product for.
Here are some of the ways you can sell products:
1. Make your own product
2. Import products and ship them from your home or warehouse
3. Sell someone else's products and have them ship it
Payment Processing Fees
If you use Shopify, they charge you a percentage of each sale as a fee for processing the customer’s credit cards. The fee does depend on your country and how Shopify charges cards but generally it’s 2.9% of what you charge your customer + $0.30.
It’s crucial that you take this into account when you do your profit calculations because this can take a chunk.
If you want to learn more about Ecommerce costs and how to build a profitable online store, listen to this episode now.
🔗 Here are the videos on Average Order Value that I recommend in this episode:
⦿ Building Your Online Store - https://www.youtube.com/watch?v=1Sqfh...
⦿ Profitability Calculations for Ecommerce Stores - https://www.youtube.com/watch?v=5Z1sS...
⦿ How to calculate AOV (Average Order Value) for your Ecommerce Store - https://www.youtube.com/watch?v=yT-_m...
💁 HELPFUL LINK:
Start your Shopify Free Trial here: hhttps://www.shopify.com.ph/free-trial...
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=13_g9g44oJs
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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#EcommerceStartupCost, #EcommerceForBeginners, #MrSamBaldwin -
Want to make your Ecommerce website into an automatic salesman? If you're ready to level up your Ecom store, watch this video and let me show you why creating a high-converting website is your key to success!
🔴 Subscribe to my YouTube channel for more tips just like this: https://keycommerce.com/Subscribe
A lot of Ecom store owners just see websites like simple platform with a bunch of information and products. But your website isn't just a website! It is an automatic Ecommerce salesman! In thi episode, I will convince you why should you make building a high-converting website your top-most priority!How to Turn your Ecommerce Website into the Ultimate Sales Machine
1. Create an Ecommerce website design that best represents your brand.2. Know your target audience and make sure that your Ecommerce website helps solve their problem.
3. Craft a Ecommerce product page that will answer all the questions of your target customers.
4. Optimize you website so it’s absolutely perfect at converting customers.
5. Test! Test! And never be afraid to test some more! See what works and always take into consideration what your customers have to say about your website.
You need to understand that your Ecommerce website CAN BE an automatic salesman. It can sell your products all night long, but also be better than any human that ever existed. Why? Because it can be help thousands of customers at once! Once you understand your customers and your niche, you can then tailor your website, PERFECTLY, to speak directly to that customer, answering all their objections, and sell them the perfect product for their situation.
This is why you need to start thinking about your website as an automatic sales machine. your Ecommerce shopping website never takes a break, it never chucks a sickie, it’s always running day and night, and is helping thousands of people at the same time. Once you perfect the website and your product pages, you can send millions of clicks in traffic to your website and it will just keep closing customers.
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=0guYzOhF9Yc✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
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📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
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#AutomaticEcommerceSalesman, #UltimateSalesMachine, #MrSamBaldwin
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Do you want to know how to validate your product cheaply and easily?
I’m going to show you top 3 strategies that you’ve probably never thought about, in this video!🔴 Subscribe to my YouTube channel for more tips just like this: https://keycommerce.com/Subscribe
In this episode, we will be talking about CHEAP and EASY PRODUCT VALIDATION.
The Ecommerce industry is getting bigger and bigger, and everyday there are always new online stores set up by business owners who want to try their luck in online selling. They create a Shopify store, run some Google Ads, and wait for results. These are also the type of people who easily get scared and quit Ecommerce if they don't see any sales after spending $300 on their ads.
This happens all the time! But there are hundreds of ways to make sure you there is a demand for your product, before you even spend a dollar.
Yes! You read it right! I will show you how to validate your product without having to shred hundreds of bucks from your bank account! I’m going to talk about 3 SUPER EASY product validation process that you can use to test the market demand of your product.
How to Test Product Market Fit:
1. Talk to people in real life.
No one even thinks about this because they’re so focused on making money online that they forget that they’re dealing with REAL people. It might sound weird to just talk to random people but you will be surprised at how open people are as long as you are polite and positive.2. List your product on eBay.
You don't need to setup a new website and you wont have to pay eBay anything unless you actually sell. Just create a new listing and get your product up there.3 Set up a basic Shopify website and track interactions
You can start by posting the website into Facebook groups and forums where your ideal customers hang out. Make sure you contribute to these groups and add value before getting them over to your site. Add value first and don’t just spam.💁 HELPFUL LINK:
FREE LIVE CHAT SOFTWARE - tawk.to🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=3x7822CnkPc
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
--------------------------------SOCIAL--------------------------------
📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin
#ProductValidation, #ProductTesting, #MrSamBaldwin
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Here are my TOP 4 Best Apps for Shopify! If you don’t have these Shopify apps set up then you’re really limiting the sales, growth, and impact of your Ecommerce store. In this episode, learn the best best free Shopify themes, best email marketing app for Shopify, and best app for Shopify live chat!
🔴 Subscribe to my YouTube channel for more tips just like this: https://keycommerce.com/Subscribe
Your website and online store is really important. It’s the best tool you can use to talk to your customers and the best platform to showcase your products. With your online Ecom store, your customers can get to see your brand and check out all your products. Now if your website sucks, you’re definitely going to have a hard time convincing people to buy from your store!
But there are ways that will help you maximize your website to make it the best salesperson it can be. Part of that is choosing the best apps for Shopify to do a variety of things. Lucky you because in this video, I will go through my recommendations of the top TOP SHOPIFY APPS and what I’ve seen to work really well.
BEST SHOPIFY APP #1: Shoptimized
This is an insanely helpful app and I use it for all my stores and know a heap of very successful Ecom store owners that use it on theirs too. If you are looking for the best free Shopify themes, you must go for Shoptimized theme. It will make your website look great but more importantly, this app has features that will help you convert customers and makes more sales.
BEST SHOPIFY APP #2: OptinMonster
This is the best email marketing app for Shopify, However, very few Ecom store owners are using this and realizing how important building an email list is. Optinmonster is one of the must have Shopify apps, which helps you collect all the valuable emails from visitors to your store. Apart from growing your email list, OptinMoster also reduces cart abandonment, performs onsite re-targeting, and increases your conversions and sales.
BEST SHOPIFY APP #3: Klaviyo
So you’ve started collecting emails from your customers, now you want to send them the emails. Klaviyo is, hands down, the best Ecommerce marketing app and tool to use for this. It’s made specifically for Ecommerce and integrates beautifully with Shopify.
BEST SHOPIFY APP #4: Gorgias
Looking for the best Shopify chat apps? I always recommend Gorgias. It’s because, unlike many other chat apps, it actually integrates beautifully with your Shopify store. So if a customer messages you there, you can see their order and give them order updates so easily, right there in the dashboard.
💁 HELPFUL LINKS:
Shoptimized - https://keycommerce.com/Shoptimized
Klaviyo - https://keycommerce.com/Klaviyo
Gorgias - https://keycommerce.com/Gorgias
OptinMonster - https://optinmonster.com/
🎥 Watch the video version of this episode here: https://www.youtube.com/watch?v=Ag3UNFNs3m0
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
--------------------------------SOCIAL--------------------------------
📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin
#BestShopifyApps, #FreeAppsShopify, #MrSamBaldwin -
Winning Customers VS Winning Products? Finding winning customers is the best Ecommerce marketing strategy to beat your competition and scale your store, and I'll tell you why in this episode.
🔴 Subscribe to my YouTube channel for more Ecommerce tips and tricks: https://keycommerce.com/Subscribe
A lot of Ecommerce store owners are obsess with getting traffic and finding WINNING products! But seriously! The success of your store is not only dependent on the products you offer but also on the value you provide to your customers.
Yes, you have your store up and your products are lined in your website. But no one is buying or if they are, your customer acquisition costs are too high and you really have to work hard to convince your customers that your product is worth buying. You definitely have a problem here. If you’re having problems with your store, take a step back and think about what you’re actually doing wrong.
Listening to your customers is one of the most important things you NEED to do for your store. Once you understand this, you’ll understand business and being an entrepreneur and you won’t have any problems growing a successful Ecommerce store.
Being able to understand your customers will help you craft an incredible website and product that strikes them right at their core. This is how you create a brand and a store that scales so easily. By finding winning customers, you also find brand ambassadors who will promote your products for free! You won’t need to spend nearly as much on ads because once you get your product in front of your ideal customers, they’ll buy without hesitation.
🎥 Watch the video version of this episode here:
https://www.youtube.com/watch?v=vYYuB73J7xU
✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe
--------------------------------SOCIAL--------------------------------
📝 Key Commerce Blog - https://keycommerce.com/blog
👥 Facebook: @MrSamBaldwin
🐦 Twitter: @MrSamBaldwin
📸 Instagram: @MrSamBaldwin
#WinningCustomers, #WinningProducts, #MrSamBaldwin
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