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Ep 216: Scaling Your Ecommerce Subscription Brand Through An Omnichannel Approach With Nik Hall

Ep 216: Scaling Your Ecommerce Subscription Brand Through An Omnichannel Approach With Nik Hall

FromSecrets To Scaling Your Ecommerce Brand


Ep 216: Scaling Your Ecommerce Subscription Brand Through An Omnichannel Approach With Nik Hall

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
27 minutes
Released:
Jul 8, 2021
Format:
Podcast episode

Description

If you ever thought about turning your product into a subscription product, or you want to learn from a person who has scaled a brand through subscriptions, this episode is for you.This episode’s guest Nik Hall, Co-founder of Vitafive, shares his experience as a subscription space expert. Listen up, subscribe to our podcast and we hope you learn something new!KEY TAKEAWAYS FROM THIS EPISODEAfter spending over $200k over 2 years on their website, Nik’s advice is to start with Shopify. Scaling a subscription-based product online without outside investment or an omnichannel approach is really difficult because of cash flow constraints.Traditional Cost to Acquire Customers to Lifetime Value comparison needs to also take into account subscription churn and the amount of time it takes to get to that Lifetime value while managing cash flow.The Facebook ads apocalypse (IOS updates) will distinguish those that are innovative and good marketers from those that are just doing ok.The omnichannel approach minimizes your risk of having all your eggs in one basket.Connect with people within your industry - “The best properties are rarely for sale. The best employees are rarely job hunting. The best clients are rarely shopping. The best option is usually off the market. Most people think this means you can’t have it but what it really means is go find it and sell it yourself.”Your network is a cheat code to finding great partners and resources to scale.TODAY’S GUESTNik Hall is the co-founder of Vitafive.Vitafive is an emerging gummy vitamin brand with high-quality ingredients and eco-friendly packaging.Connect and learn more about Nik and his company here:LinkedIn: https://www.linkedin.com/in/nikhall/Website: https://vitafive.comWe love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:https://mindfulmarketing.co/growthplan-applyIf you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!https://mindfulmarketing.co/apply
Released:
Jul 8, 2021
Format:
Podcast episode

Titles in the series (100)

Are you an entrepreneur or ecommerce store owner looking to scale your business? Then join ecommerce marketing experts Jordan West and Sean Lang as they reveal what’s working in online marketing today to scale your business. Twice a week they walk you through what’s working in paid ads and talk to successful ecommerce business owners that have scaled their businesses to 7 figures and beyond. Learn from gurus in paid traffic on Facebook ads, YouTube ads, Google Adwords (now Google Ads), Google Shopping, Bing Ads, Bing Shopping Ads, retargeting, Instagram Ads, LinkedIn ads, Google Analytics, landing pages and more. We talk about how to write good ad copy, create banner ads that sell, which creative works for which ad platform and more. We talk about everything that is working right now (and not working) to help you scale your business so you know exactly what your next year of online sales is going to look like. Once you nail paid advertising it is like a faucet that you can turn on and off at will. Let’s show you how to build the paid traffic faucet!