eCommerce Evolution

Paulina Masson is the founder of Shopkeeper and a longtime Amazon seller.  She has a wealth of knowledge when it comes to pricing products. She understands the competitive forces behind pricing decisions as well as the psychological factors.  

Ultimately you want to price in such a way to maximize total profits.  While you should consider profit per transaction, that might not be the ultimate metric to try and maximize.  Here’s what we look at:

• How to run pricing split test and why it’s so complex.
• How to price your products at launch including a free margin calculator
• How to balance competitive price factors with consumer perception and psychology
• When to end your price in 99, or 97 rather than 00.  And how a premium product or your target market might influence this.
• 3 Types of Shoppers on Amazon and how to price for each
• When and how to use coupons - when to do a % off vs. a $ off
• How price impacts conversion rates
• Plus more!

Is AI coming for all of our jobs?  As agencies and marketers, are we on the road to irrelevance?  Probably not fully, but our roles and our perspectives better shift and shift quickly.  Frederick Vallaeys is a brilliant marketer and programmer. He was one of Google’s first 500 employees and was on the original AdWords Quality Score team.  In this episode, we discuss how agencies and marketers of the near future should think more like pilots or doctors, or coaches (my metaphor). Pilots increasingly rely on instruments and AI to do their job.  So do doctors. But, deep expertise, strategy, and a human element are still really important. Here’s a hopeful but eyes-wide-open look at the future with Frederick Vallaeys.   

• How Quality Score was yesterday’s black box and AI is today’s black box.
• Using Fred’s Two Levels of Automation - Leveraging things like AI and Machine Learning (ML) and then creating a layer of automation to keep the machines in check.  
• How is AI most impacting marketing now and how will it impact marketing in the next few years.
• What new changes to Google Ads is Fred most excited about.
• Some of Fred’s favorite Google Ad Scripts?
• Automation can be simple. AI and ML are cool but you can achieve a lot with the simple stuff

A few months ago I delivered a talk at Social Media Marketing World 2019 on how to create a full funnel with YouTube ads.  Feedback on the session was great so I wanted to share it here on the podcast.  

Why YouTube ads? Watch time for “which product to buy” videos on YouTube doubled this past year. Nearly 70% of shoppers say they are open to learning about products on YouTube directly from brands. In this talk, we’ll explore 3 ways to utilize YouTube ads for growth. We’ll uncover 3 proven YouTube ad formulas to put the right video in front of the right prospect at the right time. We’ll also examine the best bidding strategies and winning campaign structures to implement for success.

Christian Zeron started selling vintage watches online in college.  We started mainly with some free time, a lot of creativity and a serious watch obsession (he’s a self-described watch geek).  He’s since leveraged that into millions of YouTube views, millions in sales and over 1.8 Million monthly page views… without running ads.

I’m an ads guy so my experience with organic YouTube is minimal.  I wanted to have Christian on the podcast to walk through his story and to give us practical tips on how to succeed on YouTube with organic content.

Here’s a look at what we cover:

• How Christian uses Gary V’s jab, jab, jab, right hook in his approach to YouTube content.  
• How he’s learned from and grown from his YouTube failures
• How he grew from 0 to 68,000 YouTube Subscribers and millions of views
• How he comes up with ideas for 3 shows a week that generates raving fans.
• How his new pivot was an epic failure and how he’s retooled to make it a smashing success.
• What watches are his personal favorite 
• Why selling a $10,000 watch is easier than selling a $300 watch

Casey Guass started Viral Launch as a broke 24-year-old college drop out.  The rest is history. It’s now one of the most beloved SaaS platforms for Amazon sellers.  Like most great companies it’s gone through some serious product evolutions. But, the core has remained the same - helping Amazon Sellers rank better on Amazon.  

In this podcast, we cover a lot…and get pretty nerdy with data.  Here’s a quick look at what we discuss. 

• 3 Amazon ranking factors you might be overlooking including considering your canonical url for better ranking on Google (we explain what this means in the podcast). 
• How conversion rate factors into organic rankings and what to do about it.
• Why you’re likely focusing on the wrong keywords and how to shift your approach.
• Casey’s 6-step road map for ranking a product on Amazon - this is pure gold.  
• Casey’s advice that he would NOT give to clients, but might try for selling his own products.
• Why you’re thinking about Amazon PPC is probably off a bit and how you should adjust. 
• How to use brand analytics data for some “blow your mind” insights.  
• Plus more!

In just a few short years Bill D transitioned from investment banker to single brand eCommerce store owner, to now owning and leading a portfolio of 10 eComm brands through his company, Elements Brands.  

 I wanted to pick Bill’s brain - one, because he’s just wicked smart, but, two, because I think all eCommerce store owners could benefit from his perspective. In this power-house episode we uncover: 

• How Bill went from investment banker to owning a portfolio of growing eCommerce brands.  
• What Bill looks for when he’s considering buying an eCommerce business (there are lessons here for you, whether you’re looking to sell right now or not).
• Why diversity of traffic is so important and what to consider here.
• What’s the metric to rule all metrics? No, it’s not conversion rate, or AOV, or Return on Ad Spend. (Hint: you’re probably ignoring it or not calculating it the way you should.)
• Why profits are sanity and revenue is vanity.
• How well document processes build value now and later.
• Plus much, much more!

I’ve always loved the psychology behind why people buy.  It’s what originally attracted me to sales and marketing when I was in college.  I’ve always loved the study of persuasive headlines and compelling video ads. I’ll admit that I think less about shipping than I probably should. If we want to talk about pure conversion rates and growth, shipping is a huge deal.

That’s why I decided to invite Akhilesh Srivastava, CEO of Fenix Commerce, on to the show to talk about improving shipping, both pre and post-sale. Akhilesh knows a thing or two about this topic. He’s worked for big brands like Walmart, Nike, Petco, Staples, and Microsoft. Prior to starting Fenix Commerce, he was in charge of shipping and returns for eBay. He’s spent the last 10+ years living in the data behind shipping practices both on its impact on sales and the costs behind it for merchants.

Here’s a quick look at some of the fascinating points we dive into:

• How studies of eBay customers consistently revealed that 2 of the top 5 reasons people decide to buy or not buy are related both to shipping costs and shipping time.
• How the “get it by” feature can improve conversions and reduce abandoned carts by 20% or more.
• How Men’s Wearhouse is using the “get it by” feature and how it’s now been identified as their largest top-line growth opportunity for 2019….wow!
• Practical tips to lower shipping costs and improve your speed.
• How the USPS can “fill in some gaps” for you and help improve your speed of shopping

Michael Jackness is the President & CEO of Terran.com - owner of multiple commerce brands including tactical.com, wildbaby.com, icewraps.com, color it and more.  He’s also the host of the EcomCrew podcast and is a fantastic trainer and speaker.  I got to hang out with Mike recently at an event and I was reminded of why so many people in the eComm space look up to him.  He’s a brilliant marketer and eComm store owner. In this podcast, we dive into some of the most powerful growth levers available to commence merchants today and how to best use them.

• What are Mike’s tips and advice online extension?  How important is it, and how and when should store owners consider it?
• Mike’s favorite tips for cross-selling & upselling because “you win or lose by what you do on the backend.”  
• The most under-leveraged assets Mike sees in his students’ businesses?
• Favorite growth levers to pull when tasked with growing an eComm biz.
• Some of your favorite recent marketing wins from Mike’s many eCommerce companies
• Underutilized growth tips for Amazon. 
• How important is User Generated Content (UGC) and how to get it.  

My guest today is a man who needs no introduction.  His podcast, Ecommerce Fuel, is one of the most downloaded Ecommerce podcasts on the planet.  And Andrew runs one of the largest most successful private eCommerce forums - EcommerceFuel.com.

Each year Andrew sends out a poll to hundreds of successful merchants to get a pulse check on all things eCommerce.  It covers an incredible number of details including growth rates, conversion rates, On-Amazon and Off-Amazon performance, ad performance, profitability trends and much, much more.  I wanted to have Andrew on the podcast to dig into some of the most fascinating insights from the report and to share what we believe these insights mean to our community and to you as a merchant. 

Here are a few things we cover:

• What is the future of drop-shipping as a business model?
• What surprises came from the on-Amazon growth stats that weren’t maybe as high as expected this year?
• The stark growth contrast between private label sellers vs. resellers
• The number #1 traffic source for successful eCommerce merchants
• The most popular vs. most effective ad channel…spoiler alert - they aren’t the same channel!  The most popular channel according to the survey was nowhere near the most effective. Quite the contrary.  We explore why.
• We explore Andrew’s spin on KPI - the Kardashian Performance Indicator…this is pretty funny
• Plus much more actionable data!

As some of you may know, my very first foray into online marketing was in the crazy world of SEO.  That was circa 2004. After creating some wins for an online print shop I was hooked on SEO. In the early days of OMG Commerce SEO was our bread and butter.  Now it’s still an important channel, but as Google has become more of a pay-to-play environment, more companies come to us wanting help with ads. But…ignoring SEO is a mistake.  The best, biggest and enduring eCommerce companies have an SEO strategy and they execute it. My guest on the podcast today is one of the very first OMG Commerce employees, Brandi Johnston.  She runs our SEO department and works with Amazon organic optimization.   

In this episode we cover a host of practical tips and insights related to SEO including:

• How SEO had changed since 2013 and what that means for us today.
• What are the easiest SEO wins merchants should focus on?
• What are some SEO wins that take a little more work but still pay off in the long run?
• What is a rel=canonical tag and a cross-domain rel=canonical tag and could we get any nerdier?
• What is a zombie page and how doe they impact SEO results?
• What are the top SEO tools, blogs and extensions to consider?
• Plus more!