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Capitalism.com with Ryan Daniel Moran

How I Went From 0 To 1 Million Per Month Selling On Shopify w/ Garret Akerson #TheOnePercent

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Business, Entrepreneurship

4.8802 Ratings

🗓️ 6 January 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Having trouble growing your sales?

This week Ryan presents a keynote by successful business entrepreneur, Garret Akerson.

Throughout his presentation, Garret teaches 7 Key Takeaways that he used to grow his Shopify sales to 7 figures per month - and you can use no matter where you are taking sales.

Transcript

Click on a timestamp to play from that location

0:00.0

If you're going to have a successful Shopify store, you need to have a way to cross-sell,

0:06.4

upsell, and merchandise.

0:08.8

And for me, I think the number is about 12.

0:11.6

You'll see here when we launched, we had about 12 products.

0:15.3

That's still on the small side.

0:17.7

That also brings me back to price point in general. Price point, our average order value on Amazon is about $30,

0:24.6

where our average order value on Shopify is 70 plus.

0:29.6

So big difference there, so you need that multiple products to support the ad spend.

0:34.6

And I know Ezra talks about this too, because you're going to be paying $20.30 to acquire a customer,

0:40.5

which is very different than the entire game on Amazon.

0:44.4

It takes one free person to create change.

0:48.1

This is the show for them.

0:50.4

We are the creators of the free world.

0:53.1

This is capitalism.com, and we are the creators of the free world. This is capitalism.com and we are the 1%.

1:00.1

Hey, capitalist, happy 2020, happy new year. And to kick off your new year, I'm going to share

1:06.2

with you a keynote that was given at one of our events by tribe alumni Garrett Ackerson, who grew his

1:14.7

business off of Amazon, focusing mostly on Shopify, with a really responsive team that did

1:21.1

most of the work in automation for him, and just scaled really profitably and really sustainably,

1:30.6

hit over a million dollars a month doing so and he shares the whole formula, the whole system in this. So where my content has mostly been

1:36.6

going from zero to a million, Garretz has gone from zero to a million a month on Shopify.

1:43.2

And I thought for those of you who are actively doing

1:45.5

e-commerce and building businesses, those will be a great way to kick off your year. Enjoy.

...

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