Honest Ecommerce

167 | Knowing Your Numbers Gives You Confidence to Invest | with Paul Orlando


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Paul Orlando has led startup accelerators on three continents. 

He runs USC’s on-campus Incubator for businesses founded by students, alumni and faculty and is Adjunct Professor of Entrepreneurship, teaching growth hacking and venture initiation. 

He is a former startup founder and was a winner at the TechCrunch Disrupt Hackathon. His book about unit economics is called Growth Units. 

In This Conversation We Discuss: 

  • [00:51] Intro
  • [01:47] Paul’s journey on USC
  • [05:01] Chase’s interest in the educational field
  • [05:37] Tactics change, but strategies don’t
  • [07:47] The importance of lifetime value
  • [10:38] Sponsor: Electric Eye electriceye.io
  • [10:58] Sponsor: Mesa apps.shopify.com/mesa
  • [11:41] Sponsor: Gorgias gorgias.grsm.io/honest
  • [13:08] Sponsor: BeProfit beprofit.co
  • [14:39] Sponsor: Klaviyo klaviyo.com/honest
  • [15:26] There are many ways to calculate LTV
  • [17:06] Calculating “time of return”
  • [19:19] Segmenting CAC and LTV
  • [23:03] The relationship between CAC and LTV
  • [25:23] Lessons learned from traditional/old brands
  • [29:24] The other topics in Paul’s book
  • [31:55] Where to buy the Growth Units book
  • [32:18] Segmented data for KPIs is the next level

Resources:

  • Subscribe to Honest Ecommerce on Youtube
  • Helping companies move faster through intensive workshops, rapid experimentation, and consulting startupsunplugged.com/
  • Connect with Paul linkedin.com/in/porlando
  • Paul’s book about Lifetime Value, Customer Acquisition Cost, and why businesses behave the way they do amazon.com/Growth-Units-Calculate-Acquisition-Businesses-ebook/dp/B08GJVV8RJ
  • Scale your business with electriceye.io
  • Download Mesa at the Shopify App Store apps.shopify.com/mesa
  • Level up your customer support gorgias.grsm.io/honest
  • Visit beprofit.co and use code HONEST15 to get an exclusive 15% off any plan for the lifetime of your plan
  • Get started with a free account at klaviyo.com/honest

If you’re enjoying the show, we’d love it if you left Honest Ecommerce a review on Apple Podcasts. It makes a huge impact on the success of the podcast, and we love reading every one of your reviews!

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Honest EcommerceBy Shopify Expert Chase Clymer

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