How To Turn 3 Crucial Concepts Into Actual Operational Processes

It's one thing to have the right idea. It's a whole other thing to actually implement it into your business. In fact, sometimes listening to another podcast or reading another blog post or tweet (mine or anyone else's) can make things worse, not better, if it fills your head with more ideas to chase down that you don't REALLY know how to implement. So today I took three key ideas that I talk about regularly and explained to you exactly how you can embed them into your business's actual operational practices, not just have them as ideas floating around your brain. SUBSCRIBE ON YOUTUBE The Andrew Faris Podcast is now available on ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ at www.youtube.com/@andrewfarispodcast. EPISODE HIGHLIGHTS [00:01:31] Contribution Margin in E-commerce.  [00:03:18] Contribution margin explained. [00:06:20] Track contribution margin. [00:10:08] Maintaining a low OPEX.  [00:12:24] Forecasting your OPEX. [00:16:37] Scaling with bid caps. EPISODE SPONSOR Virtual assistants can be helpful. Virtual professionals can transform your business. Get connected to incredible ecommerce talent from the Philippines with More Staffing by visiting ⁠⁠⁠⁠⁠⁠www.morenow.co⁠⁠⁠⁠⁠⁠. RESOURCES REFERENCED IN THIS EPISODE Weekly Contribution Margin Tracking Sheet FOLLOW UP WITH ANDREW Follow Andrew on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@andrewjfaris⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Email Andrew: [email protected] Work with Andrew: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.ajfgrowth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE MUSIC Music Intro: "⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tell Me Mama⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠" by The Devious Means Music Outro: "⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Rusty Little Scissors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠" by The Devious Means