🚀Thrilled to have @benjamin_cogan from Agora Brands, the eCommerce powerhouse aggregator, on BeProfit's "Profit Pro Talks". 👀 Discover what matters most to Ben when acquiring a new brand.
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🎙️Watch the full episode, link in the first comment.
#eCommerce#Profitability
🚨 Last Chance!
Few spots left to dine with the expert behind True Classic's rise to an eCommerce empire of $250M in 4 years! Join us for an intimate dinner chat on eCommerce profitability with @Ben Yahalom, and our own stars Eden Amirav and Astar Rigler. https://t.co/zJ0Rx8okiC
He reveals the game-changers in scaling True Classic's profitability, the metrics he follows that give them an edge, and his recommendations for other brands on how to grow their business profitably.
Watch the full episode here: https://t.co/zUxCTjGdo1
We are super excited to kick off our 'Profit Pro Talks' series, where we'll host inspiring discussions on everything related to profit with leading experts in the industry.
In this first episode, we're talking with none other than Ben Yahalom, the President of True Classic.
Are you unsure which products are driving profit for your business? Ben Yahalom, True Classic's president shares his two cents.
View the full inspiring conversation with Ben here 👉https://t.co/TzxKtjmaKR
#productstrategy#businessgrowth
📣 Exciting News! BeProfit is sponsoring eTail Palm Springs, where we present our profit-focused tracking solution that’ll help shape the future of eCommerce.
Join us if you’re interested in tracking healthier metrics, and connecting with industry leaders.
https://t.co/tz9x3j0zvj
@RegZeller@girdley Playing smart involves using your bestsellers and these less-profitable but popular products as a hook to attract more people to purchase high-profit products. You should know your contribution profit from products, but mainly to strategize your product selling.
@RegZeller@girdley Great point! Understanding the synergy between low and high-margin products is crucial. Often, it’s the mix, not just individual items, that contribute to your profitability.
@SecretCFO from order, product, and country profit calculations, and so on. BeProfit solves this issue by giving D2C brands full customization on how they wish to allocate any expense. By the way - do you also include contra expenses and revenue?
@SecretCFO OPEX expenses are diverse and need to be allocated to their specific criteria. When there's no direct connection to categories like marketing, fulfillment, COGS, and such, a business can opt to allocate costs under OPEX in general and deduct these costs
@chrismeadej Really interesting test. I see you're all about contribution profit. If you'd like to get granular and also understand your contribution profit from campaigns, products, countries, sales channels, shipping methods, and discounts, see your Profit on Ad Spend and lifetime profit,
@codyplof What does it matter if you're making 7-figure revenue when your costs to achieve that amount surpass it? When tracking your cont. profit, you'll know exactly how much each product, channel, order, country, shipping, and other factors are worth, and know how to adjust accordingly.
@codyplof Exactly. Revenue tracking is nice to get the big picture of your traffic and how successful you are in getting customers to purchase your products, but it doesn't tell you what you're really looking for - and that's your contribution profit.
We just had a deep dive into what's been going on with about 400 eCommerce stores over their first 3 months using our solution.
Not to spoil anything, but it had us saying 'Damn, this is good'!
See for yourself >>
https://t.co/YRbhuqoGy7
#ecommerce#liftprofits
Free tool alert! 🔔
Pricing products is tricky, but it can be easier. We’ve opened up one of our solution’s features to the public for free - the Product Pricing Simulator. Give it a try and see how different prices affect your gross profit.
#ecomtools
https://t.co/pIrUXZqWUR
As the year comes to a close, we wanted to send some warm holiday vibes your way. 🌟🎄
Share these wishes with your eCommerce pals-in-crime and make 2024 all about getting more profits! 💥
#HolidayWishes#eCommerceSuccess#ProfitableYear#2024Goals
eCommerce managers want to have access to their accurate profit and expense numbers at any given moment.
To view their sales numbers, orders, marketing spend, ROAS, POAS, return cost, up to the minute.
Learn about eCommerce performance tracking https://t.co/OzbsmjVMKI
✅ Check out our Christmas Must-read Checklist with five easy-to-apply strategies, focused on shifting your marketing and sales efforts to where you’re most profitable, securing your share of the holiday pie! 🥧
https://t.co/JUGJKnq9KO
#eCommerce#ChristmasSalesStrategy
Struggling to determine the profitability of your products?💰
Managing expenses can be overwhelming, learn more about analyzing your product's profitability here: https://t.co/8V0yQpPpdA
#OnlineSelling#CostPerProduct#MaximizeProfits