Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Ep 381: The 6 Numbers That You Must Know With Jordan West

Ep 381: The 6 Numbers That You Must Know With Jordan West

FromSecrets To Scaling Your Ecommerce Brand


Ep 381: The 6 Numbers That You Must Know With Jordan West

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
10 minutes
Released:
Oct 3, 2022
Format:
Podcast episode

Description

After auditing over 75 brands in the last year and onboarding more than 25 brands it was clear brands don't have a complete picture of their numbers as they invest into paid ads. Dashboards show great results, revenues are increasing, yet, you have less money in the bank. If this sounds familiar, you probably don’t know the numbers you need to know. In this episode, Jordan West talks about the six numbers you must know as a marketing leader, founder, or CEO of your company to scale profitably!Listen and enjoy this episode!KEY TAKEAWAYS FROM THIS EPISODEThe 6 Numbers that Matters1. Burn Rate What is the minimum fixed operating expenses each month, regardless of your monthly sales volume? Do you know how fast you are going through your money.2.  Cost of Goods Sold What are the total variable costs for that product to be sales ready? Calculate this by sku!3. Loaded Cost of Delivery What are the costs associated with fulfilling and delivering that order to a customer?4. Contribution Margin Before Marketing Spend Do you know what your sales volume needs to be to hit break even? 5. Revenue MixWhat percentage of sales comes from new versus existing customers?If it's too much on existing customers, then you probably need to focus more on acquisition. 6. Contribution Margin After Marketing Spend What is the maximum that you can spend to acquire customers profitably?You need to understand your customer's LTV to know what you can spend to acquire a customer. Connect with Jordan here:LinkedIn: https://www.linkedin.com/in/jordan-west-marketer/This month’s sponsor is 8fig, an eCommerce funding and planning platform that gives entrepreneurs the freedom to scale their store to new heights through continuous, equity-free capital and supply chain planning. Find out more about how 8fig is helping sellers grow through adaptable funding at 8fig.co.Promo Code: mention upGrowth during sign up for 5% off the cost of capital of an 8fig Growth Plan!We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand to help you find your 6 Must Know Numbers! To learn more and how we can help, click here:upgrowthcommerce.com/growJoin our community and connect with other eCommerce brand owners and marketers!https://www.facebook.com/groups/secretstoscalingpodcast
Released:
Oct 3, 2022
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!