eCommerce Has Won!

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 19 April 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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."

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	If you're doing something that sounds normal you're too late you want to get in
0:04.0	when it still sounds crazy so by the way you're a little late to e-com
0:07.0	there's people now been doing it in a decade they've got a lot more skill than
0:10.3	you have but better late than never what's the old saying best time to plant a
0:14.2	tree 20 years ago or today so plant your e-com business immediately
0:22.6	the results are in and e-commerce has won the results are in and e-commerce is
0:36.5	now officially passed any other form of business those of you who built businesses
0:41.3	around a brick and mortar model I feel bad for you you must pivot very quickly
0:46.8	Jeff Bezos made a bet 1994 that people want to buy things without having to go
0:53.7	somewhere by the way that's the simplest definition of e-commerce where the
0:58.8	store comes to you so you can sell a physical product you can sell a virtual
1:03.4	product as law what makes it e-commerce versus brick and mortar is where
1:08.8	the customer has to go to buy if you want a college education for most
1:14.7	colleges you have to drive to campus will not anymore the world has changed no
1:19.0	matter what happens with this current pandemic I think the inflection point has
1:24.1	happened those of you who are on the fence trying to decide if you should start a
1:30.0	business maybe you have a business your omnichannel drop everything burn the
1:35.2	boats go all in for e-com and I can't think of one industry if you're in the
1:41.7	restaurant industry e-com be delivered do not have the only way people buy
1:47.0	your food come into your restaurant that's how you go bankrupt and if this
1:51.1	pandemic hadn't come it would have still happened just much slower and I have
1:56.2	empathy I'm not saying let's not you know I've been told people are 10 years
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tai Lopez, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tai Lopez and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.