E543: 4 Lessons from EcommerceFuel Live 2024

Steve Chou makes an appearance on today's episode to discuss some key takeaways he and Mike learned while attending EcommerceFuel Live 2024.    It's conference season for eCommerce!    I just got back from ECF Live 2024, which was a great experience where I got to meet old friends and discuss a few of the issues that's been going on in the industry like Amazon's new fees, the recent Google update, and the ever-eroding margins.    As always, I like to get someone who was at the conference with me to discuss some of the things that we've learned, and who else better than Steve Chou! Steve is a good friend of mine for several years now who runs My Wife Quit Her Job and is also hosting this year's Seller Summit, so we're live today to talk about the things we've learned.    We talk about the 4 key takeaways that we came away with, and how we can apply it to our businesses. Here's some timestamps to get you guys going:  Intro - 0:00  Catching up with Steve - 0:30  Mike's favorite time of the year - 1:15 Mike and Steve's ECF Live experience - 2:42  Steve's first takeaway #1: Google Update - 3:54 The future of Search and AI - 4:29  How fast things change - 9:25  Second takeaway #2: Tiktok Shop - 10:37  Third takeaway #3: Higher profit margins are the key to success - 15:11 Fourth takeaway #4: Amazon's New Fees - 18:01  What's happening in Seller Summit this year? - 23:06  Seller Summit's Mastermind Day - 23:45  Sign up for Seller's Summit - 27:07 Why Mike hates flying - 30:03   Steve, it was great recording with you as always! I really appreciate you coming on and doing this podcast with me. If you guys would like to learn more about Steve, check out MyWifeQuitHerJob to learn more about him!    Seller Summit is on May 13th and 14th this year, so get your tickets here and you can put in a special request to get Mike as your Mastermind Leader.    Don't forget to leave us a review on iTunes if you enjoy our content. If you have any questions or any topics you'd like us to discuss on the podcast, you can now email us directly at [email protected]! Also, we would really appreciate it if you would leave us a review on iTunes.    Thanks for listening!