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Ep 483: How To Actually Read Your Numbers At Scale (It's Not What You Think) with Jordan Salvit, Salvit Advisors

Ep 483: How To Actually Read Your Numbers At Scale (It's Not What You Think) with Jordan Salvit, Salvit Advisors

FromSecrets To Scaling Your Ecommerce Brand


Ep 483: How To Actually Read Your Numbers At Scale (It's Not What You Think) with Jordan Salvit, Salvit Advisors

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
37 minutes
Released:
Sep 12, 2023
Format:
Podcast episode

Description

Understand your contribution margin, focus on profitability, and leverage your existing customer base. Oh, and never underestimate the power of a structured test. You never know what will skyrocket your business to the next level!In this episode, Jordan West and Jordan Salvit, CEO and Founder of Salvit Advisors,  shared how building a churn management system from scratch was a game-changer. Analyzing data is the key. He dropped some serious knowledge bombs on leveraging playbooks and identifying key opportunities for business growth. He also left a piece of advice:  Read the numbers, make strategic changes, and be kind to yourself in the process.Listen and learn in this episode!Key takeaways from this episode:The importance of leveraging a playbook to help founders focus on key opportunities.Identifying the 1-3 priorities that will have a significant impact on business growth.Analyzing business data to identify priorities, such as understanding customer CPAs and the effects of product name changes.Tracking churn and cancellation rates after each charge to predict future revenue.The secret to scaling is getting rid of the noise and focusing on the most important tasks.Eliminating 80% of current tasks to reach a 10x level of success.Taking action and identifying specific areas for improvement.Importance of having an advisor or mentor in life.Focusing on repurchase rates, engagement rates, and leveraging existing customer base and products for profitability and scalability.Recommended App/Tool:Train Heroic: https://www.trainheroic.com/Recommended Podcast/Audiobook:10x is easier than 2x: https://www.amazon.com/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995XThe 7 Habits of Highly Effective People: https://www.franklincovey.com/the-7-habits/Today’s Guest:Jordan Salvit, CEO and Founder of Salvit Advisors embarked on a journey of self-discovery after selling a successful business. Unsure of his next move, he ventured into consulting for brands, using his expertise in helping founders leverage a playbook to focus on key opportunities that will have a significant impact on their business growth. With his extensive background in computer science and analytics, he specializes in developing churn management systems and analyzing business data to identify priorities for exponential growth. Connect and learn more about Jordan and Salvit Advisors:Website: https://www.salvit.com/LinkedIn: https://www.linkedin.com/in/salvit/X: https://twitter.com/jordansalvitGet 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.We 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: upgrowthcommerce.com/grow Join our community and connect with other eCommerce brand owners and marketers! https://www.facebook.com/groups/secretstoscalingpodcast
Released:
Sep 12, 2023
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!