How To Build A Successful E-Commerce Business (Proven Strategies) | Mike Danford

E-commerce expert, Mike Danford, shares his insights on scaling a business to 7 figures. Mike offers practical advice on selecting the best products, tracking essential e-commerce metrics, and leveraging organic traffic for growth. We explore how to avoid common mistakes, when to pivot your marketing strategy, and the importance of customer retention. Mike also reveals the key strategies for staying ahead in a shifting market, setting yourself apart from competitors, and using AI and technology to thrive in the e-commerce world. Whether you're a beginner or looking to take your business to the next level, this episode is packed with actionable tips!

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Chapters:

00:00 - Overview
00:30 - Introduction to Mike Danford
01:43 - How to Choose the Best Product for E-Commerce
06:19 - Knowing When to Pivot or Adjust Your Marketing Strategy
08:37 - Key E-Commerce Metrics to Track
10:56 - Boosting Business Growth with Organic Traffic
14:27 - Common E-Commerce Mistakes to Avoid
18:01 - Is E-Commerce Suitable for Beginners?
21:49 - Identifying the Ideal Collaborator for Your Product
25:28 - Strategies for Retaining Customers
28:06 - Scaling Your Business to 7 Figures
31:10 - Knowing the Right Time to Invest in a Product
33:00 - Staying Ahead in a Shifting Market
35:38 - Setting Yourself Apart from Competitors
37:52 - Training Employees for Optimal Performance
40:00 - Managing Profit Margins in E-Commerce
41:51 - The Role of A.I. and Technology in E-Commerce
46:27 - Anticipating Market Shifts and Preparing for the Future

Beyond Ordinary Podcast Episode 23

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DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with.