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360: Idiotic Mistakes We’ve All Made As Ecommerce Entrepreneurs With Kurt Elster

The My Wife Quit Her Job Podcast · with Kurt Elster · June 22, 2021 · 54 min

Summary

This episode cuts through the noise to reveal the six most common and "idiotic" mistakes nearly every e-commerce entrepreneur makes, even the experienced ones. Hosts Steve Chou and Kurt Elster share their own blunders and offer practical advice to help you sidestep these pitfalls, accelerate your growth, and build a more resilient online business from the start. This is a must-listen for anyone looking to learn from others' mistakes rather than making them firsthand.

Key takeaways

Themes

shopify & ecommerce platformsfounder & leadershipconversion & cro

Topics covered

common e-commerce mistakesearly-stage e-commerce challengesproduct-market fitcustomer acquisition costconversion rate optimization

Episode description

Today I have my friend Kurt Elster back on the show. Kurt runs the Unofficial Shopify Podcast which is one of the few e-commerce podcasts that I listen to. In this episode, both Kurt and I discuss the 6 most common mistakes that we've all made as ecommerce entrepreneurs. We talk about the stuff that almost everyone gets wrong when first starting out including myself!

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Frequently asked about this episode

What does this episode say about shopify & ecommerce platforms?
Do not blindly chase trends; validate product-market fit rigorously to avoid costly inventory mistakes.
What does this episode say about founder & leadership?
Prioritize clear and compelling product descriptions and high-quality visuals over just having a wide selection.
What does this episode say about conversion & cro?
Implement robust customer service from day one; poor support is a common reason for churn and negative reviews.
What does this episode say about shopify & ecommerce platforms?
Regularly analyze your analytics to understand customer behavior and identify conversion bottlenecks, rather than just guessing.
What does this episode say about shopify & ecommerce platforms?
Don't undervalue the power of email marketing for retention and repeat purchases; it's often overlooked by new entrepreneurs.

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