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Ep 244:  How to Turnaround a Struggling Business With Byron Walker, Survival Frog

Ep 244: How to Turnaround a Struggling Business With Byron Walker, Survival Frog

FromSecrets To Scaling Your Ecommerce Brand


Ep 244: How to Turnaround a Struggling Business With Byron Walker, Survival Frog

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
31 minutes
Released:
Oct 5, 2021
Format:
Podcast episode

Description

It’s one thing to grow an eCommerce store from scratch but recovering after losing more than half of your business is another matter.In this episode, Byron Walker, author and CEO/Founder of Survival Frog, takes us on a journey of how he bounced back from what looked like the end of his business.  He shares how this experience that seemed so dim turned out to be a story of victory and helped him learn what he wouldn’t have learned otherwise.KEY TAKEAWAYS FROM THIS EPISODEInstead of discounts, opt to give free products instead. The benefit for the consumers is the same, but it will cost you less.Not all revenue is created equally. You have to check what it adds to the bottom line if it makes you more money or causes you to lose money.You need someone with expertise to take care of your books. If your revenue is in the millions, it may make sense to bring on a fractional CFO.Cash Flow forecasting is key to ensuring you know whether or not your business will last.Bring in as many customers as you can, even at break-even in paid marketing, and then monetize it with a lifetime value at the back end. Once customers are in your company’s ecosystem, you can keep selling.TODAY’S GUESTByron Walker is the CEO and Founder of Survival Frog. He is also the author of the book Small Business Turnaround Plan.Survival Frog is one of the largest e-commerce stores selling Survival & Outdoor gear to consumers and organizations. Originally selling info-products, Survival Frog now sells hundreds of physical products and has nearly 1 million customers throughout the USA. Connect and learn more about Byron and his company here: Website: https://www.survivalfrog.comLinkedIn: https://www.linkedin.com/in/walkerbyron/Book: https://www.amazon.com/Small-Business-Turnaround-Plan-Profitability-ebook/dp/B08ZJWNCYDWe 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:
Oct 5, 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!