#588 - eCommerce Has Won!

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 19 April 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

"The results are in and... e-commerce has won. Still using the brick and mortar model? You need to pivot. Quickly. Customers want the convenience of shopping online. Jeff Bezos predicted this in the 90s and now he’s one of the wealthiest people in the world.

I’ve been telling people for over 10 years the internet is changing things. That’s why I started teaching online education programs. You don’t have to go to a campus to learn. Now so many people do it from home.

There are more tools than ever for starting an online business. If you’re offering a physical product, use Shopify. You want to offer a product that’ll do well no matter what’s going on in the world. That’s why I offer meat, education, and clothes with my e-commerce businesses.

You also need a good story. Every successful business has a great story. Stories sell. Make your story something you believe in. Elon Musk believes we need to live on other planets and builds reusable rockets.

It’s not too late to get into e-commerce. More people do it now, but more people are using the internet. Your time is now."

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Transcript

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0:00.0	If you're doing something that sounds normal, you're too late.
0:03.2	You want to get in when it still sounds crazy.
0:05.2	So by the way, you're a little late to eCom.
0:07.2	There's people now, been doing it a decade, they've got a lot more skill than you have, but
0:11.0	better late than ever.
0:12.6	What's the old saying?
0:13.6	Best time to plant a tree.
0:15.3	20 years ago or today.
0:17.0	So plant your e-com business immediately. and e-commerce has won. The results are in and e-commerce is now officially
0:37.8	past any other form of business. Those of you who built businesses around a
0:41.8	brick-and-mortar, I feel bad for you.
0:44.6	You must pivot very quickly.
0:47.1	Jeff Bezels made a bet in 1994 that people want to buy things without having to go somewhere.
0:55.0	By the way, that's the simplest definition of e-commerce,
0:58.0	where the store comes to you.
1:00.0	So you can sell a physical product, you can sell a virtual product as law, what makes it
1:06.8	e-commerce versus brick and mortar is where the customer has to go to buy.
1:12.4	If you want a college education for most colleges you have to drive to
1:16.2	campus. Well not anymore. The world has changed and no matter what happens
1:19.9	with this current pandemic, I think the inflection point has happened.
1:26.2	Those of you who are on the fence trying to decide if you should start a business.
1:31.3	Maybe you have a business, your Omni channel, drop everything, burn the boats, go all in for eCom.
	...

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