The 30-10-25% Rule for Amazon PPC and Maintaining Cash Flow During Covid-19 with Lyden Smithers, Leader of Titan Networks
Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses
English - April 08, 2020 00:32 - 43 minutes - 30 MB - ★★★★★ - 30 ratingsInvesting Business ecommerce business investment fba amazon ecom scale exit management entrepreneurship Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Co-founder of Ignite Brands and leader of Titan Networks, Lyden Smithers, shares strategies to improve cash flow during a crisis situation.
WHAT YOU'LL LEARN
About Lynden Smithers and Ignite Brands Current State of Amazon Protecting your Cash Flow The 30-10-25% Rule and other KPIs Quick Wins in taking over New Brands Dealing with Suppliers Ensuring Delivery in time of Crisis Tip for Exiting FBAsKEY POINTS
The coronavirus crisis situation has affected different products differently. Knowing your product and positioning it based on new reality may help prevent business slow down. Use the time at home productively by reviewing how current products are positioned and presented in Amazon and the keywords being used and how to increase “click-ability” and sales conversion. Make sure to include in the business analysis the total cost spent in advertising/total sales to determine the value added by PPCs. This is also the time to negotiate better terms with suppliers as they are also interested in maintaining the business. Knowing your numbers is very important in the negotiation with suppliers. Consider contacting warehouses to see if they can still accommodate shipping your products. Maintaining a continuous growth is crucial in showing good numbers when exiting. Focusing the business on areas that make substantial contribution to the bottom line, makes sure that your cash is not tied up on useless endeavors.--- Send in a voice message: https://anchor.fm/ecom-exits-podcast/message