#604 - 3 lessons from doing $150 million/year in e-commerce
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 8 June 2022
⏱️ 15 minutes
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Summary
Master the 12 divisions of business: http://www.tailopezproducts.com/nwm3
There are 12 divisions of business that you must be good at in order to scale to 8 or more figures. You can apply these lessons even if you are at a smaller scale or just getting started.
In this episode, I cover each of the 12 divisions of business that you need to master.
You get paid in proportion to the difficulty of problems that you solve, so if there is a division of business that you don’t like, it might be your biggest competitive edge because other entrepreneurs might not like it either.
I have been building out a mastermind specifically for entrepreneurs who want to scale. You can find out more about it here: http://www.tailopezproducts.com/nwm3
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | All right, what's three things I've learned? |
| 0:02.0 | Building an e-commerce business that does more than $150 million a year in revenue? |
| 0:06.0 | Number one, you have to embrace the chaos. |
| 0:09.0 | If you're a control freak, you're never going to scale, you know, move so fast you break stuff. Number two, |
| 0:15.0 | email and SMS marketing still work. I'm sending over 900 million emails a month, |
| 0:21.0 | you know, SMS, I'm getting 90% open rates. |
| 0:24.3 | It's just, this still works. |
| 0:26.1 | This still works. |
| 0:26.8 | Don't just rely on paid ads and social media. |
| 0:30.0 | Okay. |
| 0:30.9 | Number three, you gotta master the 12 divisions of business. |
| 0:35.0 | If you want to build something small, you can, you know, be good at two or three parts of business, but |
| 0:40.0 | you have to become a business black belt or at least attempt to be in all 12 divisions of business. |
| 0:45.5 | So yeah, I'll put a little link in my bio or right here. |
| 0:50.0 | If you want to, I'll record more walking around Sweden about the 12 divisions of business or just keep |
| 0:55.0 | watching all right while I walk here around beautiful Stockholm Sweden been traveling the world |
| 0:59.6 | I've got offices in five countries so I kind of rotate around. Let's talk about the 12 |
| 1:04.0 | divisions of business. When I was doing smaller businesses when I started out as an |
| 1:08.1 | entrepreneur I just had to be good at you know two or three things. Now to scale something my e-commerce holding company is doing |
| 1:16.3 | more than 150 million in revenue a year it's a whole different ballgame you got |
| 1:20.5 | hundreds of employees and staff. |
| 1:23.4 | So you can apply this though even if you're at a smaller scale. |
... |
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