Rhodium Podcast | Online Business | Entrepreneurs | Marketing | Buying and Selling Websites - Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes

Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes

Explicit content warning

10/19/16 • 42 min

Rhodium Podcast | Online Business | Entrepreneurs | Marketing | Buying and Selling Websites

This is episode 49. Today we are joined by Matthew Yahes, who recently acquired a 7 figure ecommerce portfolio in the gift baskets and wedding favors niches.

Last time, Matthew talked about increasing revenue with one key strategy – cart recovery. That boost has allowed him to start testing a lot of other aspects of his business – from his mobile checkout process to opt-in coupons that build his email list.

As you’ll hear, though, he’s run into a number of snags that have caused him to take a smarter approach to changes on his sites.

Highlights

In today’s interview with Matthew, we’ll also cover:

The simple mistake that dropped conversion by 50%
How he found an e-commerce expert and sold him on joining as a partner
How to manage both parties’ risks in a partnership (including how they decided between salaries and equity splits)
And evaluating whether to 10x or 2x his business

Make sure to stick around through the whole episode for all this and more, as Matthew establishes his revenue goals for the end of the year and into mid-2017.

Listen Now:

Past Episodes with Matthew:

Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes

Story 2.4: After the Sale, All The Things You Didn’t Plan For. Podcast 041 with Matthew Yahes

Story 2.3: Preparing for Business Growth with Matthew Yahes (Podcast 037)

Story 2.2: The Million Dollar Takeover with Matthew Yahes (Podcast 033)

Story 2.1: What It’s Like Buying a 7 Figure E-commerce Business With Matthew Yahes (Podcast 028)

The post Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes appeared first on Rhodium Network (Formerly Weekend).

This is episode 49. Today we are joined by Matthew Yahes, who recently acquired a 7 figure ecommerce portfolio in the gift baskets and wedding favors niches.

As you’ll hear, though, he’s run into a number of snags that have caused him to take a smarter approach to changes on his sites.

Highlights

In today’s interview with Matthew, we’ll also cover:

The simple mistake that dropped conversion by 50%
How he found an e-commerce expert and sold him on joining as a partner
How to manage both parties’ risks in a partnership (including how they decided between salaries and equity splits)
And evaluating whether to 10x or 2x his business

Make sure to stick around through the whole episode for all this and more, as Matthew establishes his revenue goals for the end of the year and into mid-2017.

Listen Now:

Past Episodes with Matthew:

Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes

Story 2.4: After the Sale, All The Things You Didn’t Plan For. Podcast 041 with Matthew Yahes

Story 2.3: Preparing for Business Growth with Matthew Yahes (Podcast 037)

Story 2.2: The Million Dollar Takeover with Matthew Yahes (Podcast 033)

Story 2.1: What It’s Like Buying a 7 Figure E-commerce Business With Matthew Yahes (Podcast 028)

The post Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes appeared first on Rhodium Network (Formerly Weekend).

Previous Episode

Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave

This is episode 48.

Robert and Alex continue to deal with problematic contractors, and while they seem to be moving in the right direction, I ask them all about how the two of them forged a business partnership and continue to make it work, despite living in completely different countries.

Partnerships are always a controversial topic, not to mention going into business with family, so I found Robert and Alex’s insights to be very illuminating.

Highlights

In today’s episode, you’ll hear:

What are the right (and wrong) things to do to make a partnership work
How to split business responsibilities based on strengths
And deciding between equal time commitments or equal milestone commitments

These two have put a lot of thought into creating a successful business relationship, so if you’ve ever considered entering into a partnership, you owe it to yourself to hear what they have to say.

Listen Now:

Links

Emotional Intelligence: Why It Can Matter More Than IQ by Daniel Goleman

Past Episodes with Clarity Wave

Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave

Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave

Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave

Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032)

Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027)

The post Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend).

Next Episode

Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave

This is episode 51.

Clarity Wave has onboarded several new customers and is about to hit 25 clients. So we find out today if Robert and his brother will also be able to hit their $10k monthly revenue goal by their self-imposed deadline.

Highlights

In today’s episode, you’ll hear:

Robert’s successful workflow with LinkedIn authority marketing
His insights into resolving key startup issues, like automating sales and why hiring freelance developers can be dangerous
Plus how all of Clarity Wave’s big wins come back to just one key approach

I came away from this interview with the impression that Robert and Alex are going to be successful because they care so much about building connections and being genuinely helpful to the people in their market. That’s a huge lesson that anyone who’s struggling in business needs to learn, so pay attention and learn what Robert’s doing right.

Listen Now:

Past Episodes with Clarity Wave

Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave

Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave

Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave

Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave

Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032)

Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027)

The post Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend).