How to Double your Revenue and Profit in 90 days | Ecommerce Ascend | Episode 1

️What you will learn In this inaugural episode of the Ecommerce Ascend podcast, host Klim Yadrintsev introduces listeners to strategies for scaling e-commerce businesses effectively. He emphasizes the importance of practical, actionable insights that can lead to significant revenue and profit growth within a 90-day timeframe. The episode covers essential metrics such as conversion rate, average order value, customer acquisition cost, and customer lifetime value, providing listeners with a comprehensive understanding of how to optimize their e-commerce operations. Yadrintsev also discusses the significance of identifying bottlenecks and making data-driven decisions to enhance business performance.

Takeaways
Focus on easy wins for quick revenue growth.

Understand and track your key metrics regularly. Conversion rate is crucial for e-commerce success. Average order value can significantly impact profitability. Customer acquisition costs should be minimized. Customer lifetime value is essential for retention strategies. Identify bottlenecks to find quick wins in your business. Data-driven decisions are vital for effective management. Regular testing and iteration can lead to better results. Engage with your audience for feedback and improvement.

⌚️Timestamps:
0:00 Introduction
05:17 Key Metrics for E-commerce Success
11:29 Average Order Value and Customer Acquisition
17:08 Identifying Bottlenecks in Business
32:18 Conclusion and Next Steps