This episode offers a candid look into key challenges and opportunities within the ecommerce landscape, directly from major industry conferences. It highlights the significant investor interest in ecommerce due to attractive ROIs, the personal and professional complexities of co-owning businesses with partners, and the pervasive uncertainty surrounding online sales tax. Ecommerce operators will gain valuable context on investment trends and critical operational hurdles.
Key takeaways
Ecommerce businesses offer compelling 50-100% ROI, making them highly attractive to investors, especially in a low-interest-rate environment.
Balancing personal and professional relationships is a common challenge when significant partners are involved in an ecommerce business; proactive strategies are crucial for navigating this dynamic.
The online sales tax issue remains highly complex and unresolved, even among experts, requiring ecommerce businesses to stay informed and agile in their compliance efforts.
Industry events like Retail Global and Rhodium Weekend are prime opportunities for networking, understanding investor sentiment, and gaining insights into critical industry challenges.
Consider the implications of online sales tax on your business operations and consult with experts, recognizing there is no universal clear-cut solution yet.
The second week of October was a particularly busy time for me. I was up in Vegas to speak at back-to-back conferences. First up was Retail Global Las Vegas, an ecommerce event organized by Aussie ecommerce veteran Phil Leahy. This was then followed by Rhodium Weekend, a gathering of online business owners and potential buyers. In today's episode, I talk to Dave about my biggest takeaways from attending and speaking at these events. There are a lot of investors looking to invest in ecommerce businesses. With banks offering low interests, a 50 to 100% ROI that's typical of ecommerce businesses is all the more attractive. Many ecommerce entrepreneurs have their significant partners involved in the business. More often than not, drawing a balance between your professional and personal relationship can prove challenging. No one really knows how to deal with the online sales tax issue. I joined a three-person panel session on this and about ten minutes into it, these experts were arguing amongst themselves on how this issue can be addressed. Tune in to this episode for the details and Dave's input on them. Overall, I was quite happy with how these speaking engagements. I was more relaxed and able to focus on how to deliver my presentation better to the audience. We've opened up registration for EcomCrew Premium for 3 days. Get access to exclusive content - courses, webinars, swipe files, and conference presentations. You also get unlimited 1 on 1 email time with both Mike and Dave. Finally, we have our members-only Facebook group, which allows you to interact and learn from other ecommerce entrepreneurs. Registration closes at midnight Pacific time so go ahead and <a href=
What does this episode say about finance & fundraising?
Ecommerce businesses offer compelling 50-100% ROI, making them highly attractive to investors, especially in a low-interest-rate environment.
What does this episode say about founder & leadership?
Balancing personal and professional relationships is a common challenge when significant partners are involved in an ecommerce business; proactive strategies are crucial for navigating this dynamic.
What does this episode say about retail & omnichannel?
The online sales tax issue remains highly complex and unresolved, even among experts, requiring ecommerce businesses to stay informed and agile in their compliance efforts.
What does this episode say about finance & fundraising?
Industry events like Retail Global and Rhodium Weekend are prime opportunities for networking, understanding investor sentiment, and gaining insights into critical industry challenges.
What does this episode say about finance & fundraising?
Consider the implications of online sales tax on your business operations and consult with experts, recognizing there is no universal clear-cut solution yet.
