Scale Shopify to $1m (Step by Step) — Transcript
Full transcript
- 0:00In this video, I want to take you
- 0:01through the exact system that I use to
- 0:03scale e-commerce brands to million
- 0:05dollars plus per year. It's the same
- 0:07system that I've used on my stores. One
- 0:09that I just scaled 5 K Direct to 1.18
- 0:12million dollars in under 18 months. It's
- 0:14the same system that I'm now using on my
- 0:15current brand, Dose, that we're scaling
- 0:18using AI where AI does 80% of the work
- 0:20and humans only do 20%. It's the same
- 0:23system that we teach inside the
- 0:24e-commerce academy. It's helped us scale
- 0:26hundreds and hundreds of brands. In this
- 0:28video, I'm going to take you through the
- 0:29three parts of that system. I'm going to
- 0:31show you how we get more traffic. I'm
- 0:32going to show you how to convert that
- 0:33traffic into sales. And then I'm going
- 0:35to show you how to scale that so it
- 0:36compounds and gets you to that million
- 0:38dollar a year lifestyle business. Now,
- 0:40I'm not going to teach you how to build
- 0:42uh enterprise level brand where you need
- 0:44lots of staff and lots of people and
- 0:45lots of investment. I'm going to show
- 0:47you how to build a great business that
- 0:48gives you a great income. And even
- 0:50better, it gives you a great lifestyle.
- 0:52So, let's get into it. Now, just before
- 0:54we do that, if at any time during this
- 0:55video, you just want to reach out to me
- 0:57and ask me some questions, I'll put my
- 0:59Instagram down below. And what I'll get
- 1:01you to do is just DM me the word, say um
- 1:04say scale, so I know you've watched this
- 1:05video. And then we can jam on how I can
- 1:07help you grow your store. Growing an
- 1:09e-commerce store is a little bit like
- 1:11climbing a ladder. We will start at the
- 1:13bottom and we climb each rung of the
- 1:16ladder and it's a different stage. And
- 1:17it's usually a different revenue stage.
- 1:19And I call this the uh the stages of
- 1:21scale, okay? Now, the interesting thing
- 1:23about e-commerce is the stages of scale
- 1:26get easier the higher you go up the
- 1:27ladder, right? So, the first few stages
- 1:30are usually a lot of work. They're
- 1:31really hard. There's a lot of effort.
- 1:33There's a lot of time. But as you climb
- 1:35the ladder, each of those stages gets
- 1:37easier and easier. And the mistake a lot
- 1:39of people make is they give up when
- 1:41they're on the bottom two or three
- 1:43rungs. And they're like, you know what?
- 1:44I can't climb to the next step. And I
- 1:45can't get to the next step. But if they
- 1:47do go past that step, then it all
- 1:50becomes a lot more easy to get there,
- 1:52right? And then I'm going to give you an
- 1:53insight into the system that helps you
- 1:55get through those stages, okay? So,
- 1:57stage number one is a revenue gate of
- 2:00around zero to $10,000 a month mark. And
- 2:03that's where we see most stores start
- 2:05out. And this is typically the side
- 2:07hustle stage. This is where we're
- 2:10finding out our product market fit. This
- 2:12is where we're learning how to import
- 2:13products, how to develop products, how
- 2:15to market, how to build stores. There's
- 2:16a lot in this part, right? We're
- 2:18learning how to create ads, we're
- 2:19learning how to send emails, all in this
- 2:21side hustle, and we're only making zero
- 2:23to $10,000, right? And some of it don't
- 2:25even get to $10,000 because it becomes a
- 2:27lot of work. But what we find is the
- 2:29person that pushes through past that
- 2:31side hustle phase, moves into the next
- 2:33phase, which is the 10 to 30k month
- 2:36mark, we start to see some gains, okay?
- 2:38And this is where we go from side hustle
- 2:40into full-time. We're making just enough
- 2:43income to replace our full-time job, and
- 2:45then this can become our full-time job.
- 2:47Now, by the time we get here, we've
- 2:49we've learned how to build a store,
- 2:50we've learned how to sort of do
- 2:51marketing, we're doing a little bit of
- 2:52emailing, we're doing enough to get some
- 2:55consistent income, okay? So, we're
- 2:56starting to see the the fruits of our
- 2:59labor. But that's where a lot of people
- 3:01just sort of plateau, and they get
- 3:02stuck. Where they really want to get to,
- 3:04which is the next phase, this is where
- 3:06we really see the sweet spot from people
- 3:08going full-time into this next part. And
- 3:10that is the $30,000 a month to the
- 3:12$60,000 a month, right? And this is
- 3:14where we we call this the stability
- 3:16phase.
- 3:18Okay? And a lot of the people and the
- 3:19brands that we work with do come to us
- 3:21at this phase here, where they've hit
- 3:22full-time, they know they've got a
- 3:23business, but they just don't know how
- 3:24to get to the level. So, our job is how
- 3:26do we get them to stability, and then
- 3:28how do we get them to the next phase?
- 3:30And the next phase is where things
- 3:31really kick off. And that is where they
- 3:33go from this 60,000 to $100,000 a month
- 3:37mark, and this is where the business
- 3:39actually starts to be able to scale. And
- 3:42then they can start to see what all this
- 3:44hard work was about. And like I said
- 3:46earlier, the part that is really hard is
- 3:49actually here. This is where all the
- 3:51hard work is done. So, if we put in the
- 3:53effort here and we learn the systems and
- 3:54strategies here, as we get into this
- 3:57part here, this is where we start to see
- 4:00that the business becomes a little bit
- 4:01easier and it works for us. And by
- 4:03putting the right systems and
- 4:04understanding what it is to grow, we're
- 4:06going to be able to move into the next
- 4:07phase. And the next phase is where we
- 4:08get to our 100k
- 4:11to 300k. And this is where we really
- 4:14have a lifestyle business. That is where
- 4:17we've got a million dollars a year
- 4:18coming in. We can live life on our own
- 4:21terms. We've got a team working for us.
- 4:22We've got AI agents working for us. And
- 4:24we can really start to enjoy life again.
- 4:27This isn't a big team. This isn't a huge
- 4:29enterprise. This is just a nice business
- 4:31that brings us in 100 grand a month and
- 4:34it's working for us, right? And it's a
- 4:36great little business. But there's some
- 4:37of us and some of the teams that were
- 4:38some of the businesses that we work
- 4:39with, they want to go to that final
- 4:41level and this is where we really start
- 4:43to build an enterprise business. And
- 4:44this is where we get to that 300k per
- 4:46month mark and this is where we start to
- 4:48build a freedom business.
- 4:50Okay? These are all the stages. Now,
- 4:52a lot of the brands we work with operate
- 4:54at many different stages here. We have a
- 4:55lot of people sitting in this phase. We
- 4:57have people who are moving in this phase
- 4:59and we even have some in this phase. And
- 5:01every business is different and that's
- 5:03why we want to make sure we've got a
- 5:04system that plays into the stages of
- 5:06scale that you want to operate in. So
- 5:08what I want you to do is think about
- 5:09this stage right here. And identify
- 5:12where do you want to get your business
- 5:13to? Maybe you're at side hustle and you
- 5:15want to just get to full-time. Maybe
- 5:16you're at full-time and you want to
- 5:18become more stable. Maybe you're at
- 5:19stability and you just want to get into
- 5:20this scale phase. Where is it that you
- 5:22want your business to be because this is
- 5:24what's going to determine the strategy.
- 5:26Because if we don't know where we want
- 5:27to get to, we can't put a road map in
- 5:29place to get us there. And I want to
- 5:31take you through what that road map is
- 5:32now so that you can identify what it is
- 5:35you need to do in your business to hit
- 5:36the stage that you want to hit. Now the
- 5:38system we use to grow stores is called
- 5:40the e-commerce operating system and it's
- 5:42a framework that I've designed over 15
- 5:44years. And I've been fortunate enough to
- 5:45work inside some pretty big brands some
- 5:48which I've scaled to over a hundred
- 5:49million dollars a year. So what I've
- 5:51done is I've taken the strategies I've
- 5:52learned in the big brands and I've taken
- 5:54the strategies I've applied in my own
- 5:55brands in an easy to apply roadmap that
- 5:58you guys can implement. And I'll take
- 6:00you through step-by-step what each of
- 6:01those are now. I'll break it down into
- 6:02the pillars and I'll break it down into
- 6:04the strategies so you know exactly what
- 6:06you need to do. The whole purpose of the
- 6:07operating system is to basically grow
- 6:10brands to a million dollars a year as a
- 6:11starting point. Once you hit a million
- 6:13dollars a year we're then going to move
- 6:14into million dollars a month. The great
- 6:16thing about the way we've designed this
- 6:18system is no matter what size your store
- 6:20is whether you're just starting out or
- 6:21whether you're already at a million
- 6:22dollars a year this still applies
- 6:24because it is one of those compounding
- 6:26ever-growing systems that basically
- 6:28helps itself. The way we do it is we
- 6:30break it up into three core pillars that
- 6:32grow any e-commerce business and they
- 6:34are traffic
- 6:38conversions
- 6:43and scale.
- 6:45So we can't have an e-commerce business
- 6:47if we don't have traffic coming in
- 6:49and we can't have an e-commerce business
- 6:51if our traffic isn't converting and then
- 6:53we can't grow if our store isn't
- 6:55profitable and we can't scale. So what
- 6:57our goal together is is where do we get
- 6:59our traffic from? How do we make sure
- 7:01that that traffic is converting and then
- 7:03how do we do that on autopilot so this
- 7:05system compounds? I'm going to take you
- 7:07through those strategies that you can
- 7:09implement right now.
- 7:11So let's get started with traffic. There
- 7:14are three types of traffic that we think
- 7:17about when scaling an e-commerce store.
- 7:19The first one everybody knows about and
- 7:21that is paid traffic. That is where we
- 7:23buy ads and we pay meta we pay Google
- 7:26and it sends us traffic. The good thing
- 7:28about this is we can get traffic
- 7:30basically now.
- 7:32The bad thing about it is it costs us
- 7:34money. Okay? Not necessarily a bad thing
- 7:36but we still have to pay for it right?
- 7:38But if we want it now we have to pay for
- 7:39it that's the way it works.
- 7:41Now the next traffic type is content.
- 7:44Basically, the internet is just content,
- 7:46right? We pull content up on Instagram,
- 7:48we pull content out to Google, we create
- 7:50websites. People are just consuming
- 7:52content. So, what we want to do is we
- 7:54want to create content that people watch
- 7:56and then they visit our site because
- 7:58they've watched it, okay? Now, the great
- 8:00thing about content is it is an asset
- 8:02that we create that we can own, okay?
- 8:05So, it's something that we can own and
- 8:07we can use, right? Forever and ever and
- 8:08ever.
- 8:09The other great thing about content is
- 8:11it's a way to nurture people that come
- 8:12in from paid ads. So, if someone come in
- 8:14from paid ads and then they see our
- 8:15content, if they're not buying from us,
- 8:17at least they're starting to get to know
- 8:18us and we're warming them up. So,
- 8:20content is a great warming piece of
- 8:22traffic.
- 8:23The third type of traffic that we can
- 8:25grab is what we call earned traffic. And
- 8:28by the way, apologize about my writing.
- 8:30Hopefully, you can hear and watch at the
- 8:31same time.
- 8:32But, earned traffic is where we earn the
- 8:35right for someone who has traffic and
- 8:37they send it to us, right? So, this
- 8:39could be someone like Google who has
- 8:40lots of search traffic, it could be an
- 8:42AI engine, it could be a referral
- 8:44partner, it could be an influencer. But,
- 8:46the idea is that we build up such a
- 8:48reputation and we're known for our
- 8:49products is the people say, "Hey, if you
- 8:51need this product, go to those people."
- 8:53Okay? Now, the great thing about earned
- 8:55is it's free.
- 8:58But, the bad thing is is it's slow,
- 9:00okay? It takes a bit of time to earn a
- 9:01reputation. It's not something you can
- 9:02just go out of the gates and have
- 9:04someone send traffic for you.
- 9:05But, the cool thing is if someone sees
- 9:07us through earned and then they start
- 9:08seeing our content, we can start to see
- 9:10that this part becomes an asset for us,
- 9:12okay? Now, what we're going to do is I'm
- 9:13going to take you through the strategies
- 9:15in each of these that you can implement
- 9:16in your business that we implement to
- 9:18grow stores.
- 9:19The first one in paid is we only look at
- 9:22two different paid channels. We either
- 9:24look at Meta
- 9:26or we look at Google.
- 9:28And the reason we do only those two is
- 9:30they both serve different purposes.
- 9:32Meta is what we call an awareness
- 9:34channel. It is where we put our brands
- 9:36and products in front of people who are
- 9:37not actively searching for them, but we
- 9:39might be able to get their interest. And
- 9:40it's usually great for like a visual
- 9:42product. That's something that is is new
- 9:44or it looks great or it's appealing
- 9:46visually because usually in meta we use
- 9:48videos or photos to get people's
- 9:50attention. And if people aren't actively
- 9:52searching for it, we just want to try
- 9:53and grab their attention.
- 9:55The second one, which is Google, is what
- 9:57we call a capture channel. And what that
- 9:59means is if someone is actively
- 10:00searching for your product, you want to
- 10:02be advertising where they're searching
- 10:04for it. Okay? So let's just say you have
- 10:06you sell black hats and someone goes
- 10:08searches for black hats, it's much
- 10:09better to be advertising there. So when
- 10:12we're first starting out, we only want
- 10:13to choose one of these channels to get
- 10:15started. And we say we choose one as a
- 10:17primary channel and then one as a
- 10:18secondary channel. So if you're under
- 10:20$30,000 a month, you probably shouldn't
- 10:21be choosing both of these channels cuz
- 10:23it's a lot of money and a lot of work.
- 10:24Just choose the one that is right for
- 10:26you. Is it Are you creating awareness or
- 10:28are you capturing demand? Have a think
- 10:30about that, okay? The second pillar when
- 10:32it comes to content and when we're
- 10:33nurturing people is we think about email
- 10:38and we think about social media.
- 10:40So these are places where we own the
- 10:42audience and we can create content for
- 10:45that audience. We can send them emails.
- 10:46We can create reels. We can do social
- 10:49media posts. And what we're doing is we
- 10:51are showing people that we understand
- 10:54who they are and we are building a
- 10:55community around that, okay? Now when it
- 10:57comes to emails, we're not just doing
- 10:59flows or automations, we're also doing
- 11:02campaigns.
- 11:03And we recommend sending at least two
- 11:06emails per week. And we implement this
- 11:08inside our e-commerce academy where
- 11:10we've got most members sending emails
- 11:12two to three times a week and every
- 11:13email makes them money because they
- 11:14write the right emails. And it's
- 11:16basically a recipe to print money.
- 11:19The second one is social media is
- 11:20creating content that gets views. And
- 11:23it's making sure that we get as many
- 11:25eyeballs as possible. We're not just
- 11:26creating content for people that follow
- 11:29us. We're We're to be creating content
- 11:31for people that it might be interested
- 11:33in us. The way the algorithm works now
- 11:34is if we create great content, it's
- 11:36going to go out and find us new
- 11:37customers that will then follow us and
- 11:39then visit our site.
- 11:42Now, if we move on to the third pillar,
- 11:43that is the earn pillar. The two areas
- 11:45we focus on here is SEO
- 11:49and AIO. So, getting found in search
- 11:51engines and also getting found in AI
- 11:53answers. And then the last one is
- 11:55referrals and that is getting other
- 11:57brands to send us traffic. Again, I
- 12:00apologize for my writing. Right, so that
- 12:02is like getting
- 12:04a brand that is similar audience to but
- 12:05not might not sell your product, they
- 12:07might refer business to you. SEO and AIO
- 12:09is making sure that we optimize our
- 12:11website in such a way so they get found
- 12:13in those search and answer engines,
- 12:15okay?
- 12:16Now that we know all these strategies,
- 12:18we now need to identify which one should
- 12:19we work on for our business cuz every
- 12:21business is a little bit different. But
- 12:23I don't really working on all of these
- 12:24cuz that would become overwhelming. We
- 12:25just want to work on the ones that
- 12:26matter, okay? So, if you were to choose
- 12:28one from each of these pillars, which
- 12:30ones would they be? So, are you working
- 12:32in Meta? Is that something that we need
- 12:34really need to focus on? If we are,
- 12:36don't worry about Google.
- 12:37If we're thinking about content, are we
- 12:39just going to do email and not worry
- 12:40about social, right? Just do one thing
- 12:42at a time. And if we're going in the
- 12:43earn, are we going to just do referrals
- 12:45and not worry about SEO? Now, it's only
- 12:47you that can say that what works for you
- 12:48or you can work with one of our coaches
- 12:50and we'll tell you which one it is. But
- 12:51I want you to only identify one in each
- 12:53of these pillars and only work on those.
- 12:55Don't get distracted by other tactics
- 12:57that don't matter just now. Work on the
- 12:58ones that matter. Think about if this
- 13:01thing and I was to do it right, which
- 13:03would have the best outcome in the
- 13:04fastest amount of time in my business?
- 13:06And that's how we think about this
- 13:07system.
- 13:08And then what we do is we then sprinkle
- 13:10a little bit of AI magic on top. And
- 13:12that's where we go, okay, so if Meta is
- 13:14the is the engine, then what AI
- 13:17implementation do we need to do here?
- 13:19What AI systems can we install? From
- 13:21email, do we have an email system that
- 13:23we can put in place? Can we use AI had
- 13:25it, right? And all of these things can
- 13:27now be amplified with AI. And let's just
- 13:29say we're doing referrals, can we do
- 13:30outreach using AI? Okay? So, we identify
- 13:33what we need to work on in the pillar,
- 13:36and then we understand what we need to
- 13:38do, and then we use AI to help us, okay?
- 13:40AI does the 80% of the grunt work, the
- 13:42human does the 20%.
- 13:44Let's now move on to the conversion side
- 13:45of things. Now, there's also three areas
- 13:48in conversions, and the first one is
- 13:51dialing in your offer.
- 13:53Now, the offer is really, really
- 13:55important. When I say offer, I don't
- 13:56mean
- 13:57uh like having a discount or having a
- 13:59promotion. What I mean is how we're
- 14:01presenting your product in such a way
- 14:02that it's an irresistible offer, that
- 14:04someone looks at the product and says,
- 14:06"Oh my god, I need that. Hell yeah, I'm
- 14:07going to buy it." That's the first part,
- 14:09because if we don't get the offer right,
- 14:11then everything gets really hard. If the
- 14:13offer is great, then marketing gets
- 14:15easy, everything gets easy. So, it's
- 14:17important to dial that offer in.
- 14:19The second thing we need to do is we
- 14:21need to implement optimization ongoing.
- 14:24Sorry about my writing again, but we
- 14:26want to make sure that in order to grow
- 14:29our business that we're getting 1%
- 14:30better every day. We're continually
- 14:32optimizing our business so that we're
- 14:34looking at the numbers, we know what to
- 14:36change, and we've got systems in place
- 14:38that are helping us do that.
- 14:39And then the third part of conversions
- 14:41is something that most people don't
- 14:43realize has the biggest impact on
- 14:45conversions, and that is having a great
- 14:47support system, okay?
- 14:49If you think about it, you've got a
- 14:51great offer and a great site, but
- 14:53there's no help, there's no refunds and
- 14:55exchanges, there's no one to ask
- 14:57questions. People aren't going to trust
- 14:58you or buy from you. So, support's
- 14:59really, really important. All right, so
- 15:01let me take you through the tactics of
- 15:03conversions that you can implement. From
- 15:05an offer perspective, we want to make
- 15:06sure that our offer is really well
- 15:08articulated and presented across our
- 15:10PDP, which stands for product detail
- 15:12page. And we also want to make sure that
- 15:14we're building out landing pages for our
- 15:16ads. So, the offer needs to have five
- 15:19signals on there, and there's specific
- 15:20signals that about in another I talk
- 15:22about in another video, so go look for
- 15:23that. But, um those five signals need to
- 15:26be on the page so that people will buy
- 15:27from you, okay? So, we have a system
- 15:29which we call the perfect product page
- 15:31that we install, and that's how we can
- 15:32turn the offer into a great PDP.
- 15:35The other thing we need to think about
- 15:37an offer is value. And value means that
- 15:39when someone comes to buy from you, how
- 15:41do we increase the amount they spend?
- 15:43So, rather than them just spending, say,
- 15:45$50, how do we make them spend 75? How
- 15:47do make them spend 100? Because if
- 15:49you're using paid ads, we want to make
- 15:51sure that we get as much money out of
- 15:52that ad spend as humanly possible. We
- 15:55don't need to actually change anything
- 15:56in our ads if we're getting people to
- 15:57spend more at the other end, right?
- 15:59We'll instantly double our ROAS if we
- 16:00double the amount of it spends with us.
- 16:02So, really important to get that value
- 16:03right. When it comes to optimization,
- 16:05the two areas we look at is do we have
- 16:07the right themes in place?
- 16:09And do we have the right apps?
- 16:11Does the store do what we want it to do?
- 16:13Is it easy for the customer to buy
- 16:15things from us? Is it easy for them to
- 16:17upsell? Is it easy for them to do
- 16:19subscriptions? Do we have the right apps
- 16:21and is the theme usable?
- 16:23If we get that right, then we can
- 16:24implement a system which we call CRO.
- 16:26And this usually only happens when
- 16:27stores are getting to that 60 to
- 16:29$100,000 a month mark. We usually don't
- 16:31talk about it in in the lower stores
- 16:32because we need to get our stability
- 16:34right before we move into scale. But,
- 16:36CRO stands for conversion rate
- 16:37optimization. And that is making sure
- 16:39we're continually pulling and tweaking
- 16:41and analyzing so that we make our store
- 16:43better every time. We don't tell startup
- 16:45stores to do CRO because they can't
- 16:46because you need the volume to do it,
- 16:48all right? But, CRO is super super
- 16:50important when getting to that
- 16:51million-dollar mark.
- 16:52And then when we go to support, the two
- 16:54areas we focus on and the two strategies
- 16:56you need to really implement is do we
- 16:58have a great customer experience or
- 17:00customer service system? And the reason
- 17:02this is important is money follows
- 17:04speed, right? We want to make sure that
- 17:05if someone has a question, they get it
- 17:07answered really fast or they can find
- 17:09the answer to a question easily. They
- 17:11want to know that if they send you a
- 17:12message on Instagram that you're going
- 17:14to respond to them or if they send you a
- 17:15message on email, you respond to them.
- 17:17Now, that's a challenge because as a
- 17:19brand owner building a lifestyle
- 17:20business, you don't want to be on your
- 17:21phone every day answering questions.
- 17:23This is where we can use AI to help us
- 17:24with that. Remember, money follows speed
- 17:26and people buy from people, so they want
- 17:28to make sure there's always someone
- 17:29there to help you out.
- 17:30Now, the final part of conversions and
- 17:32the support section is getting feedback.
- 17:36And this is in the form of say product
- 17:38reviews, it's in the form of comments on
- 17:40posts, it's in the form of surveys that
- 17:42we might do, but feedback helps improve
- 17:44your conversions because feedbacks tells
- 17:46us the things that people don't like and
- 17:48the things that people do like. And if
- 17:50we can amplify the things that people do
- 17:52like and if we can try and improve the
- 17:55things that they don't like, then our
- 17:56conversions will increase. Amazon once
- 17:58did a study where they tested listings
- 18:01on Amazon with product reviews, without
- 18:03product reviews, and they found that the
- 18:05conversion rate increased just having
- 18:06product reviews increased by like double
- 18:09literally overnight. So, we say to
- 18:11everyone, make sure you put product
- 18:12reviews on your store. It's a great way
- 18:14of getting feedback, but it's also a
- 18:15great way of increasing your conversion
- 18:17rate. Okay? So, now I want you to look
- 18:19at this and I want you to think about if
- 18:21there's one thing on this side in the
- 18:23conversions arm that you could improve,
- 18:26what would it be? And again, we only
- 18:27want to choose one in each of them,
- 18:28okay? So, we want to look at Okay, from
- 18:32our product page, if our conversion
- 18:33rate's low, then we need to work on our
- 18:34offer. You know, we need to increase our
- 18:36our product detail page. There's no
- 18:38point in even doing a landing page or
- 18:39anything like that. You know, are people
- 18:41spending say less than $50? Then we need
- 18:42to think about our average order value.
- 18:45You know, does our theme do what we want
- 18:46it to do? Should we focus on that? Is it
- 18:48easy to give people customer service? Is
- 18:50it hard? Am I getting back to people
- 18:51fast? I want you to choose two to three
- 18:54things in this conversion world and
- 18:56they're the things you're going to work
- 18:57on.
- 18:57And then as always, we start to
- 18:59implement an AI layer over the top of
- 19:01this. You know, under PDP, we actually
- 19:03have a perfect product page skill from
- 19:05Claw that we implement that will build a
- 19:07PDP for you, okay? Themes and apps, we
- 19:09can connect Claw directly into Shopify
- 19:11to edit themes for us. That's killer.
- 19:13And then from customer service, you
- 19:15could use an AI agent to do the customer
- 19:17service for you. So we're going 80% AI,
- 19:2020% human. The first pillar when scaling
- 19:22your business is understanding your
- 19:24numbers.
- 19:25Every business needs to know the numbers
- 19:27intimately. If you don't know your
- 19:29numbers, then it's going to be
- 19:30impossible to scale. You can drive as
- 19:31much traffic and convert as many people
- 19:33as you like, but if you don't know the
- 19:35numbers behind your business, and I'll
- 19:37talk about what they are in a moment,
- 19:38then it becomes impossible to scale.
- 19:40You'll just run out of money and you'll
- 19:41go broke, right? So we need to
- 19:43understand our numbers really, really
- 19:45well. When we understand our numbers, we
- 19:47can then put in place a plan on how
- 19:49we're going to grow, okay? If you don't
- 19:50have a plan, how are you going to get
- 19:51from one stage to the next to the next
- 19:53to the next? Because without a plan or a
- 19:55road map like we're going through today,
- 19:57you're just flying blind. So a plan is
- 19:58really, really important. And the final
- 20:01part, once we get all this right, we can
- 20:02then think about how do we expand? Now
- 20:05I've seen a lot of brands who try to
- 20:06expand too early. They don't know their
- 20:08numbers, they don't have a really good
- 20:09acquisition funnel, they're not
- 20:10converting very well, and they go to
- 20:11expand and just compounds a bad
- 20:14business. With this road map is we build
- 20:16a great business and then we turn the
- 20:18dial on expanding, okay? No point
- 20:19expanding unless you have the
- 20:20foundations done right. So let's break
- 20:22down these into the strategies in each
- 20:24one and you can see where you're at. So
- 20:26from a numbers perspective, the first
- 20:28thing we need to think about is your
- 20:29economics.
- 20:32And that is understanding your unit
- 20:34economics, your margins, your cost of
- 20:36goods, your overheads, your variable
- 20:38expenses, everything that goes into
- 20:40running your business. Because we need
- 20:42to know this so that we know how much we
- 20:43can invest in acquiring customers. We
- 20:45need to understand, you know, how much
- 20:47our stock costs us, how much we can
- 20:48spend on ads, all those sorts of things.
- 20:50If we don't know our economics, then
- 20:51we're just absolutely flying blind. And
- 20:54if we don't get that right, then the
- 20:55second tactic is going to be even
- 20:56harder, and that is managing your cash
- 20:58flow.
- 21:00You see, an e-commerce business is a
- 21:01cash-eating monster. We need to buy
- 21:03heaps of stock, we We to put it in a
- 21:05warehouse, and we hope it sells. And
- 21:07sometimes our stock sitting on the water
- 21:08for 3 months, and all our money is tied
- 21:11up, and we need to sell the stock to pay
- 21:12for the stock. Because cash flow is
- 21:14really, really important. So, we need to
- 21:15get that right.
- 21:17Once we get that right, then we can make
- 21:19sure we have a plan on how we're going
- 21:20to grow. And a plan uh comes in two
- 21:22ways. The first one is our marketing
- 21:24plan.
- 21:25And a marketing plan isn't basically
- 21:27spend more money on ads or send more
- 21:29emails. What am I doing this month to
- 21:31get people's attention? What activity is
- 21:33different to what I did last month to
- 21:35stimulate a new market? Okay? That's
- 21:37what a marketing plan is.
- 21:39The second plan you need to put in place
- 21:41is your growth plan. And that is what
- 21:42we're basically going through today. And
- 21:44by the end of here, you're going to have
- 21:45your growth plan. But it's understanding
- 21:47which of these parts of the road map do
- 21:48you need to implement to grow your
- 21:50business? Do we need to do a different
- 21:52traffic source? Do we need to, you know,
- 21:53improve our product page? Do we need to
- 21:55install customer service? That's our
- 21:57growth plan. Because we can't do all of
- 21:59those at one time. But if we create a
- 22:00plan of when we're going to do which
- 22:01one, then that's how we actually start
- 22:03to grow our business. It's pragmatic.
- 22:05It's not all at once, okay?
- 22:07And then we want to expand, we expand
- 22:09using two strategies. The first one is
- 22:11expanding our team.
- 22:13Okay? Because success is a team sport.
- 22:15We need to hire people around us. Not
- 22:17lots of people, but just the right
- 22:19amount of people to help us grow. And we
- 22:21usually hire for two reasons. The first
- 22:23reason we hire for is getting our time
- 22:25back. So, we hire people for low-value
- 22:28tasks like customer service and product
- 22:29fulfillment, right? They're tasks that
- 22:31anyone can do. And then what we do is we
- 22:33might hire for skill.
- 22:35Or we could use AI to do the skill for
- 22:37us, okay? But that helps us expand
- 22:39because it means that we're not doing
- 22:40everything, and other things or people
- 22:42are doing things for us, okay?
- 22:44And then the final part of expansion is
- 22:46how we're going to fulfill and get our
- 22:47products in front of more people.
- 22:49So, are we going to sell more products
- 22:51or different types of products? Are we
- 22:52going to sell in more places? Are we
- 22:53going to sell to more people in more
- 22:55regions? All those sorts of things,
- 22:56okay? That's where we increase our
- 22:58fulfillment.
- 22:59So, now I want you to look at this just
- 23:00like you did in the traffic and the
- 23:02conversion side of things. I want you to
- 23:03choose two to three things in here that
- 23:06if you worked on right now, your
- 23:07business would get better. Okay?
- 23:10So, it could be understanding your
- 23:11economics a little bit better. It could
- 23:12be putting in a growth plan. And it
- 23:14could be, you know, hiring someone to
- 23:16free up some of your time. Okay?
- 23:18And then as you guessed it, we will
- 23:20sprinkle some AI in. So, from the
- 23:21economics piece, we actually have an
- 23:23e-commerce scorecard that you plug all
- 23:24your numbers in and it will spit out the
- 23:26right economics for you. Okay? We have a
- 23:29marketing engine like a marketing agent
- 23:30that does the marketing for you. And
- 23:32then team, well, hey, we're just going
- 23:33to put AI agents in that are going to
- 23:35help you out, right?
- 23:36So, if we zoom out a little bit, this is
- 23:38currently the road map. Now, it looks a
- 23:39little bit crazy, right? We look through
- 23:41here and we go, "Oh jeez, my brain's
- 23:43going everywhere, Brendan. I'm jumping
- 23:44here, here, here, here, and I really
- 23:45don't know where to work."
- 23:47What I want you to do now is we're going
- 23:48to lay this out in a road map that you
- 23:50can implement. Okay? So, we have this
- 23:52here which is called a million-dollar
- 23:53lifestyle road map. And what we do is we
- 23:55work with you in our coaching calls and
- 23:57we we help build this out for you. But,
- 23:58hey, you give it a shot now yourself.
- 24:01Where it works, if you think about the
- 24:02stages that we showed before, we've got
- 24:04all these different stages here of
- 24:05growth. Okay? These are the different
- 24:07levels of revenue to help you grow. And
- 24:09then each of these levels of revenue,
- 24:11there's different strategies that you
- 24:12can put in play. Okay? So, if you're
- 24:14under that $30,000 a month mark, then
- 24:16this is all you should be working on.
- 24:18Don't think about all those other
- 24:19strategies. If you're getting a little
- 24:21bit up, then you start working on these
- 24:23things. And then you can start working
- 24:24on these things. But, we don't want to
- 24:26move up the ladder until we've actually
- 24:28completed these.
- 24:29Okay? We wouldn't go up to advance until
- 24:31we've done the other thing. So, what we
- 24:32do together is we look at this map and
- 24:34we go, "Okay, well, what do you think we
- 24:36should do first? Maybe we should dial in
- 24:37your offer first, then we will implement
- 24:40a marketing AI agent, then we might do
- 24:42ads, then we might do a perfect product
- 24:44page, etc., etc. Now, every plan is
- 24:46different for every store because you're
- 24:48all at different stages, you'll have
- 24:49different capabilities. So, this is
- 24:50where this road map needs to become
- 24:52custom and we roll it out based on your
- 24:54store. So, what I you you to do is look
- 24:56at this here and go, "Well, what is it
- 24:57that I need to implement now? What is it
- 24:59if I worked on and I got really good at
- 25:01that one thing my business would
- 25:02change?" I don't want you to do all of
- 25:04these things. Just do one or two things
- 25:06that just make your business that little
- 25:07bit better. And then every month we just
- 25:09tick off another one. We tick off
- 25:10another one. We tick off another one.
- 25:12And over time your business is
- 25:14compounding and just getting better. And
- 25:15this is exactly what we teach in the
- 25:16e-commerce Academy. So, if this sounds
- 25:18like something that you resonate with or
- 25:21you want to grow your business to that
- 25:23million dollars a year mark, then hit me
- 25:25up on Instagram or click the link below
- 25:26to apply to be part of the e-commerce
- 25:28Academy. And I look forward to chatting
- 25:30with you and helping you grow your store
- 25:32to million dollars a year and building
- 25:33that lifestyle business that I know you
- 25:36want.
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