E-commerce Is Changing. Here’s How to Prepare. | Ep. #1423 - a podcast by Eric Siu & Neil Patel

from 2020-06-24T13:00

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In episode #1423, we talk about how e-commerce is changing and what you can do to prepare. It’s not only the big players like Amazon who are doing well, it is the one-product e-commerce stores that are having a moment right now. Tune in to hear how you can keep your customers happy even when you run out of inventory!

TIME-STAMPED SHOW NOTES:

[00:25] Today’s topic: E-Commerce is Changing: Here’s How To Prepare.
[00:51] If you’re just starting, opt for Shopify—they’re doing great right now.
[01:03] At the moment, every day is Black Friday with Shopify!
[01:14] What’s doing well right now are one-product e-commerce stores.
[01:47] Google covid19.within.co to see how e-commerce is performing right now.
[02:21] Ensure that you have your inventory and a strong supply chain.
[02:40] Don’t be afraid of spending money on conversion rate optimization.
[03:14] Google Ads and Facebook Ads will go up and become more expensive over time.
[03:29] Optimize your funnel by offering something else on your thank-you page.
[04:09] Avoid running out of inventory and what to do if that happens.
[04:26] Think about also offering subscriptions in your e-commerce business.
[05:43] Look at railroad traffic: how often goods are being transported across the US.
[05:53] That’s it for today!
[05:54] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information.

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