5 Keys to a Successful eCommerce Business (E160)

https://www.youtube.com/embed/Usw7BbIx6RQ Luc SimmonsCo-Owner of Scope16 Notes: 5 KeysTimeConversionOrganicDataMoney Sponsors: Spark Shipping Links: https://www.scope16.com/https://www.instagram.com/lucsimmons/?hl=enhttps://www.facebook.com/scopem16arketing Transcript: Charles (00:00): In this episode of the business. E-Commerce I talk with Luke Simmons about the five keys of a successful e-commerce business. This is the business of e-commerce episode 160. Charles (00:19): Welcome to the business. E-Commerce the show that helps e-commerce retailers start launch and grow the e-commerce business. I'm your host, Charles Buskey and I'm here today with Luke Simmons. Luke is the co-owner of scope 16, an agency that works with e-commerce retailers to help them scale from six to seven figures, I asked Luke on the show today to chat about what are the five key elements that are required for successful e-commerce business, like how he runs through this list. And they really are all things that you should be thinking about when you're first starting or just trying to scale your business. And he helps to really set some expectations for a lot of retailers, usually early on that kind of starting what they should really be looking at and know what they're getting into. I think anyone starting off this is going to be super helpful. He goes through the five different topics. I'll link to those in the show notes, but let's get into it. Speaker 2 (01:09): So, Hey look, how are you doing today? Speaker 3 (01:11): I'm doing really well. Charles, how are you? Good. Charles (01:13): Happy to have you on the show. I think I think this topic is great for people kind of starting off. I see a lot of retailers kind of trying to get going and they kind of get stuck right at that very beginning phase. Speaker 3 (01:25): Absolutely. Especially, you know, this well, everything that's happened in the last 12 to 18 months, it's definitely, everyone's noticed that, you know, going online and e-commerce in particular has been something that, you know, a lot of people wanted to jump on and take advantage of and you know, don't blame them whatsoever. So, absolutely. I think it's definitely a question that relates to a lot of newbies, if you like, in terms of the e-commerce, I'm really getting their brand up and up and up. Charles (01:52): Yep. Yeah. We've seen 'em I know his hair, at least we've seen a lot of brick and mortar retailers in the past 12 months say like, you know, the brick and mortar is just zero. People coming in were shut down to some government you know, the government lockdown sort of thing. We need to do something and we're like, we still have these distributor relationships. We still have all these products. We still have all the stuff we just need to sell it somewhere. So a lot of them jumping online just because of that, but it is different, right? Because let's say you're a brick and mortar. You're used to, you know, putting on your sign, doing your local advertising and you're competing against the people within a X number of mile radius versus you online. Now you're competing against everyone in a it's a niche. So it's like this like virtual radius. And does a mind shift a mindset shift there? Speaker 3 (02:35): Absolutely. You know, everything from the way that you position yourself as a brand to, you know, even the community, because you know, like you said, brick and mortar, you understand the community that you're living in, you understand what their needs and their wants going online and one competing, but also then trying to understand how your audience can change from whether they're on the East coast or the West coast is completely different. So yeah, it's, it's, it's definitely not something that is just, you know, a quick fix and it's definitely not something that you can just kind of jump straight into it takes time.