The Andrew Faris Podcast

How To Turn 3 Crucial Concepts Into Actual Operational Processes

Listen Later

It's one thing to have the right idea. It's a whole other thing to actually implement it into your business.

In fact, sometimes listening to another podcast or reading another blog post or tweet (mine or anyone else's) can make things worse, not better, if it fills your head with more ideas to chase down that you don't REALLY know how to implement.

So today I took three key ideas that I talk about regularly and explained to you exactly how you can embed them into your business's actual operational practices, not just have them as ideas floating around your brain.

SUBSCRIBE ON YOUTUBE

The Andrew Faris Podcast is now available on ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ at www.youtube.com/@andrewfarispodcast.

EPISODE HIGHLIGHTS

  • [00:01:31] Contribution Margin in E-commerce. 
  • [00:03:18] Contribution margin explained.
  • [00:06:20] Track contribution margin.
  • [00:10:08] Maintaining a low OPEX. 
  • [00:12:24] Forecasting your OPEX.
  • [00:16:37] Scaling with bid caps.

    • EPISODE SPONSOR

    Virtual assistants can be helpful. Virtual professionals can transform your business. Get connected to incredible ecommerce talent from the Philippines with More Staffing by visiting ⁠⁠⁠⁠⁠⁠www.morenow.co⁠⁠⁠⁠⁠⁠.

    RESOURCES REFERENCED IN THIS EPISODE

    • Weekly Contribution Margin Tracking Sheet

      • FOLLOW UP WITH ANDREW

      • Follow Andrew on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@andrewjfaris⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
      • Email Andrew: [email protected]
      • Work with Andrew: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.ajfgrowth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

        • EPISODE MUSIC

        • Music Intro: "⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tell Me Mama⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠" by The Devious Means
        • Music Outro: "⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Rusty Little Scissors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠" by The Devious Means
          • ...more
          View all episodesView all episodes
          Download on the App Store
          The Andrew Faris PodcastBy Andrew Faris
          • 5
          • 5
          • 5
          • 5
          • 5

          5

          20 ratings

          More shows like The Andrew Faris Podcast

          View all
          a16z Podcast by Andreessen Horowitz

          a16z Podcast

          1,027 Listeners

          Shopify Masters by Shopify

          Shopify Masters

          375 Listeners

          Perpetual Traffic by Tier 11

          Perpetual Traffic

          748 Listeners

          Ecommerce Playbook: Numbers, Struggles & Growth by The Ecommerce Playbook

          Ecommerce Playbook: Numbers, Struggles & Growth

          70 Listeners

          Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

          Marketing School - Digital Marketing and Online Marketing Tips

          1,253 Listeners

          Founders by David Senra

          Founders

          1,878 Listeners

          The Game with Alex Hormozi by Alex Hormozi

          The Game with Alex Hormozi

          4,326 Listeners

          My First Million by Hubspot Media

          My First Million

          2,615 Listeners

          Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

          Acquisitions Anonymous - #1 for business buying, selling and operating

          244 Listeners

          Marketing Against The Grain by Hubspot Media

          Marketing Against The Grain

          353 Listeners

          Limited Supply by Nik Sharma

          Limited Supply

          148 Listeners

          OPERATORS by OPERATORS

          OPERATORS

          45 Listeners

          Moneywise by Hampton

          Moneywise

          642 Listeners

          Marketing Operators by Marketing Operators I Connor Rolain I Connor MacDonald I Cody Plofker

          Marketing Operators

          10 Listeners

          Tactical & Practical by Nate Lagos

          Tactical & Practical

          2 Listeners