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E253: Getting a Business Back on Track after Running Out of Stock

E253: Getting a Business Back on Track after Running Out of Stock

FromThe Ecomcrew Ecommerce Podcast


E253: Getting a Business Back on Track after Running Out of Stock

FromThe Ecomcrew Ecommerce Podcast

ratings:
Length:
66 minutes
Released:
May 31, 2019
Format:
Podcast episode

Description

Many successful ecommerce businesses are born out of necessity. And some of the most successful ecommerce entrepreneurs are selling products that they’re truly passionate about. A Business Born of Necessity Eight years ago, Jason Hsieh’s son Keanu was diagnosed with autism. Living in Japan at the time, Jason struggled to find support services and products for him. So the family moved to Seattle. In 2017, Jason himself would start developing products that would help children diagnosed with autism and ADHD. Today, his company LakiKid sells three physical product lines -  each addressing different areas where kids with autism and ADHD can benefit from the most. The Struggle to Get Back on Track Sales have been going fairly well for LakiKid until the end of 2018. A supply chain issue caused two of its best-selling SKUs to run out of stock right before Christmas. From averaging close to $50,000 in monthly sales, the business has been struggling to get back on track. At present, LakiKid is over 90 percent Amazon but Jason has been exploring marketing avenues off of the platform to gain back the momentum that was lost. These efforts include a Shopify store, a blog, and hosting a weekly live talk show on Facebook. Listen as I navigate this niche business with this passionate dad and entrepreneur and offer insights on how LakiKid can get the groove back, get more exposure and have those sales figures pick up. Under the Hood is a segment where we do an hour-long coaching call with one of our listeners. We take a look at their businesses, provide honest feedback, offer our best business advice, and answer whatever questions they have. In exchange for the free coaching, we will turn the call into a podcast episode so that our community can benefit as well. It’s a win-win! If you’re interested in getting onsite advice from Mike and have your business featured on the podcast, sign up for the EcomCrew Roadshow today! Catch the finals of the 5 Minute Pitch on YouTube. Join season two by filling out and submitting the application form. Finally, if you enjoyed listening and think this episode has been useful to you, please take a moment to leave us a review on iTunes. If you have any questions or comments, feel free to leave them below. Happy selling!
Released:
May 31, 2019
Format:
Podcast episode

Titles in the series (100)

An eCommerce podcast for store owners, hosted by 7-figure store owners Mike Jackness and Dave Bryant. We cover everything in eCommerce from Shopify, to Amazon FBA. From email marketing, to Facebook Ads. Never before has there been a podcast with store owners who are so candid. Subscribe to the Ecomcrew podcast today!