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E281: Mike and Dave Break Down Their Numbers

The EcomCrew Ecommerce Podcast · September 9, 2019 · 37 min

Summary

This episode provides a transparent financial deep-dive into two active e-commerce businesses, IceWraps and Offroading Gear. Mike and Dave break down their trailing 30-day numbers, focusing on Amazon sales, Cost of Goods Sold (COGS), and the impact of tariffs. This offers ecommerce operators a practical look at how external factors and detailed cost analysis directly affect profitability and strategy.

Key takeaways

Themes

amazon & marketplacessupply chain & operationsfinance & fundraisingfounder & leadership

Topics covered

ecommerce business analysisfinancial metricsamazon salescost of goods sold (cogs)tariff impactbusiness performance metrics

Episode description

Dave's joining me on the podcast today as we drill down on our business numbers. In this episode, I'll be breaking down the trailing 30-day figures for my biggest brand, IceWraps. Meanwhile, Dave will talk about the latest statistics for his current business, Offroading Gear. We cover Amazon sales and the big-ticket items on our COGS. You'll want to skip the part where I slipped on one of the boardwalks while doing the West Coast Trail (boring story) and dive right into the good parts of this today's episode. Here are the timestamps to guide you. How Pat Flynn influenced this episode (6:51) Latest numbers for IceWraps (7:28) Latest numbers for Offroading Gear (8:55) Adding the cost of tariffs (9:55) What makes up these costs (13:55) I hope you found that deep dive into each of our business's numbers informative and helpful. If you'd like to hear more content like this, please leave us a comment below. EcomCrew Premium is open until September 16. Supercharge your ecommerce business by getting access to our full-length courses, online webinars, and in-person events. Get unlimited advice from Mike and Dave or bounce ideas off of other 6 and 7 figure sellers in our members-only Facebook group. Sign up here! Want to get more value out of Premium? Find out how it can help you add more products to your catalog or leverage Facebook for marketing? Send us an email at support@ecomcrew.com. Sign up for this month's free webinar. <a href="https://my.ecomcrew.com/amazon-domination-bo

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Analyze your trailing 30-day performance for key metrics like sales and COGS to get an up-to-date financial pulse on your business.
What does this episode say about supply chain & operations?
Thoroughly understand and itemize big-ticket COGS components, including manufacturing, shipping, and packaging, to identify areas for cost optimization.
What does this episode say about finance & fundraising?
Factor in external economic variables like tariffs into your cost calculations and pricing strategies to maintain healthy margins.
What does this episode say about founder & leadership?
Leverage platforms like Amazon for sales channels and understand how their specific metrics contribute to your overall business performance.

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