188. Gross Profit: Will you take charge and pay yourself more?
11/07/23 • 35 min
In the world of e-commerce, maximizing profits can feel like an elusive goal. You've set up your online store, but the question lingers: "Am I making enough money?"
In this episode, we are unraveling the mystery of Gross Profit – the ultimate key to your success. If you've ever wondered why your hard work isn't translating into significant earnings, this episode breaks it down with clarity.
Here's what you'll learn:
- Unraveling Gross Profit: Understand the crucial concept of Gross Profit and why it's the key to your e-commerce success.
- Profitability Secrets: Learn how a seasoned e-commerce expert sets minimum profit targets and manages her finances.
- Data-Driven Decision Making: Explore the power of analyzing sales data, expenses, and the importance of pricing strategies.
Tune in to gain practical insights, from crushing debt to simplifying your financial strategy. Supercharge your e-commerce business, make informed decisions, and give yourself the raise you deserve. Don't let financial uncertainty hold you back – listen in and transform your e-commerce venture into a profit-making powerhouse!
Episode Website: https://thesocialsalesgirls.com/gross-profit-will-you-take-charge-and-pay-yourself-more-episode-188
Related Links:
Find Alison’s website here: www.easeliving.com
Pricing to Maximize Profit: https://thesocialsalesgirls.com/pricing-to-maximize-profit-episode-167/
The Secret To Getting Paid: https://thesocialsalesgirls.com/the-secret-to-getting-paid/
How To Have a Business That Pays You Well: https://thesocialsalesgirls.com/how-to-have-a-business-that-pays-you-well-episode-2/
Ditch Your Decision Fatigue: https://thesocialsalesgirls.com/ditch-your-decision-fatigue-im-giving-you-my-framework-its-brilliant-episode-186
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Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://watch.thesocialsalesgirls.com/s/77wKvQ
“Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!
Also, if you haven't already make sure to follow the podcast so you don't miss an episode! Follow now
In the world of e-commerce, maximizing profits can feel like an elusive goal. You've set up your online store, but the question lingers: "Am I making enough money?"
In this episode, we are unraveling the mystery of Gross Profit – the ultimate key to your success. If you've ever wondered why your hard work isn't translating into significant earnings, this episode breaks it down with clarity.
Here's what you'll learn:
- Unraveling Gross Profit: Understand the crucial concept of Gross Profit and why it's the key to your e-commerce success.
- Profitability Secrets: Learn how a seasoned e-commerce expert sets minimum profit targets and manages her finances.
- Data-Driven Decision Making: Explore the power of analyzing sales data, expenses, and the importance of pricing strategies.
Tune in to gain practical insights, from crushing debt to simplifying your financial strategy. Supercharge your e-commerce business, make informed decisions, and give yourself the raise you deserve. Don't let financial uncertainty hold you back – listen in and transform your e-commerce venture into a profit-making powerhouse!
Episode Website: https://thesocialsalesgirls.com/gross-profit-will-you-take-charge-and-pay-yourself-more-episode-188
Related Links:
Find Alison’s website here: www.easeliving.com
Pricing to Maximize Profit: https://thesocialsalesgirls.com/pricing-to-maximize-profit-episode-167/
The Secret To Getting Paid: https://thesocialsalesgirls.com/the-secret-to-getting-paid/
How To Have a Business That Pays You Well: https://thesocialsalesgirls.com/how-to-have-a-business-that-pays-you-well-episode-2/
Ditch Your Decision Fatigue: https://thesocialsalesgirls.com/ditch-your-decision-fatigue-im-giving-you-my-framework-its-brilliant-episode-186
--------------------
Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://watch.thesocialsalesgirls.com/s/77wKvQ
“Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!
Also, if you haven't already make sure to follow the podcast so you don't miss an episode! Follow now
Previous Episode
187. Do you even know what it costs to get a new customer?
Ever felt like trying to get more new customers is like pushing a boulder up a hill? We've all been there, and there's a good reason why you aren’t making faster progress.
The truth is, building a solid foundation for steady sales isn’t exciting (or quick), but it's absolutely necessary.
So, here's the scoop on how to steer your ship toward reliable sales. It all starts with understanding the magic of Customer Acquisition Cost (CAC). We'll show you how to unravel its secrets and make it work for you.
Discover the power of tracking the vital metrics that can genuinely transform your results and steer your focus in the right direction. And don't worry; it's not rocket science—it's all about taking intentional action and having a problem-solver mindset.
Join us in our latest podcast episode, and you'll be one step closer to unleashing the cha-chings your e-commerce business deserves.
Episode Website: https://thesocialsalesgirls.com/do-you-even-know-what-it-costs-to-get-a-new-customer-episode-187
Related Links:
Get our free Downloadable Cost of Acquiring a Customer Workbook: https://thesocialsalesgirls.activehosted.com/f/91
Want More Sales? You Might Be Missing These 3 Things: https://thesocialsalesgirls.com/want-more-sales-you-might-be-missing-these-3-things-episode-179/
The 10-Minute Checkup - A quick, 10-minute guide to understanding customer metrics and benchmarks: https://thesocialsalesgirls.com/a-10-minute-checkup-you-should-do-today-episode-157/
How to Have More Cash in Your Business: https://thesocialsalesgirls.com/how-to-have-more-cash-in-your-business-episode-164/
--------------------
Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://watch.thesocialsalesgirls.com/s/77wKvQ
“Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!
Also, if you haven't already make sure to follow the podcast so you don't miss an episode! Follow now
Next Episode
189. Make your business more valuable. You might not know these 5 money makers
So, you've embarked on your e-commerce journey. You've put in the hours, made the sacrifices, and maybe even taken a few risks. But...what if you're ready to move on? What if you want to sell your e-commerce business and start a new adventure?
Join us on a journey into the world of e-commerce business selling with expert insights from Ethan Alexander at Quietlight. Here's what you'll discover:
- Understand the importance of highlighting what your business needs to thrive and find the perfect buyer match.
- Learn how to calculate your business's valuation using SDE and the mysterious multiple.
- Explore how to minimize risks, showcase growth potential, and make your business less dependent on you.
- Learn why honesty and transparency are key during the selling process.
Whether you're considering selling your business or just want to strengthen its foundation, these insights are invaluable. Tune in and unlock the secrets to making your e-commerce business a hot commodity, setting yourself up for success in the dynamic world of online entrepreneurship. Don't miss out on this opportunity to level up your e-commerce game!
Related Links:
How to calculate SDE and identify addbacks: https://quietlight.com/3-types-of-addbacks/
Overview of the entire selling process: https://quietlight.com/guide/process/
Testimonials from businesses Ethan has worked with: https://quietlight.com/advisors/ethan-alexander/#testimonials
Want to Sell Your Business? Here’s Where To Start: https://thesocialsalesgirls.com/want-to-sell-your-business-heres-where-to-start-episode-142/
How To Sell Your Business and Reach Big, Scary Goals: https://thesocialsalesgirls.com/how-to-sell-your-business-and-reach-big-scary-goals-episode-8/
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Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://watch.thesocialsalesgirls.com/s/77wKvQ
“Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!
Also, if you haven't already make sure to follow the podcast so you don't miss an episode! Follow now
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