#7 - Most of Your Products Won’t Work - But That's Ok

In this episode of The E Hustle 7 by Paul Waddy, we dive deep into the harsh reality of ecommerce: most of your products won’t be hits, and that’s okay! Paul discusses how to navigate this truth and leverage it to your advantage with strategies like the 80/20 rule, inventory turnover, and smart product range expansion. Key Topics Covered: Understanding why only 20% of your products drive 80% of revenue (Pareto Principle) Using Shopify’s ABC analysis to assess product performance Tips for maintaining a three-month inventory turnover to avoid overstock Strategies for expanding product range responsibly without breaking the bank Increasing customer lifetime value by continuously introducing fresh products Get ready to rethink your approach to product selection, inventory, and scaling your eCommerce business! 📲 Follow Paul on Instagram for daily eCommerce tips: @paulwaddyecommerce 🌐 Learn more and access resources at Paul’s website: https://www.learnecommerce.com.au/ Subscribe for more ecommerce insights, and hit the bell to stay updated! #eCommercePodcast #InventoryManagement #PaulWaddy #TheEHustle #ShopifyTips #eCommerceGrowth #DigitalMarketing #ProductStrategy #Entrepreneurship #RetailTrends