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Episode 67: Q1 Review

The EcomCrew Ecommerce Podcast · with Grant · April 13, 2017 · 42 min

Summary

This episode offers a candid look into the Q1 reflections of experienced store owners, highlighting the challenges and strategic pivots required to thrive in a competitive ecommerce landscape. It underscores the importance of diversifying away from sole reliance on Amazon and proactive planning for supply chain and team expansion. Operators will learn from real-world experiences about navigating growth and operational hurdles.

Key takeaways

Themes

amazon & marketplacessupply chain & operationsfounder & leadership

Topics covered

amazon reliancesupply chain managementteam buildingecommerce networkingquarterly business reviewinternational sourcing

Episode description

We are back together for a new episode of Ecom Crew podcast! Today we talk about the things we're gearing up to do. We have a lot of exciting things in the pipeline and we're happy to share them with you guys! We reflect back on our first quarters and what this quarter has told us about our businesses moving forward. Mike wants to remind you about his upcoming trip to China and the mastermind and meetups he wants to organize. He'll be gone for quite a long time, so the next few Ecom Crew episodes will be pre-recorded and not live on Facebook. Grant has been putting his nose to the grindstone and has reached his own conclusions from the first quarter's performance. Our conversation today includes: Mike's upcoming trip to China. Grant's overview of his first quarter. The growth of Amazon and the issues it causes both Mike and Grant. Why it is important to network in e commerce. Why you should build your business separate from Amazon. Mike's search for a second-in-command. Grant's search for an executive assistant. Our shipping and supplier woes. Mike's "value first" promotion. <span style= "fon

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Diversify sales channels beyond Amazon to mitigate risks and build a sustainable business.
What does this episode say about supply chain & operations?
Proactively address supply chain issues by engaging with suppliers and exploring alternative shipping options.
What does this episode say about founder & leadership?
Invest in building out your team, delegating tasks to a second-in-command or executive assistant to free up founder time.
What does this episode say about amazon & marketplaces?
Network within the ecommerce community to gain insights, share experiences, and find solutions to common challenges.
What does this episode say about amazon & marketplaces?
Regularly review quarterly performance to identify trends, adapt strategies, and plan for future growth and operational needs.

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