How I turned my e-commerce business around — from negative margins to 12% operating margins…?? And developed a revolutionary AI-driven pricing model in just 14 months ??
Interested in trying this out!
Being creative around raising prices is a bigger unlock than most will think.
This is awesome. Pricing is such a huge lever that most brands aren’t testing enough. And once you’re in retail, you lose that flexibility so gotta do it early and often.
?? ??
Great stuff!
Incredible story Chad, so rudimentary but crucial!
Chad Rubin ok, do tell .. I'm seeing these multi-screen posts everywhere, that appear to be multi-screen tweets, etc., but consolidated into this slideshow-type format. How y'all doing this?
Brilliant use of big data. On the surface the statement 'Just raise prices!' seems so obvious that it is a joke. You took the idea and asked "But, seriously, what if you can 'just raise prices'?" AI, big data, and software will win the war every time. As business owners (and humans), we are often far too close to the problem and add emotion to the equation. There is no room for what-if scenarios. The data tells the story, so listen. Great post.
As a user, all I can say is it works, profits up over 50% in month one, 300% ROI. What one has to get out of your head is that it’s NOT all about having super high velocity. The AI finds the sweet spot and you will see your profits jump.
Internet Entrepreneur and Investor
1 年Couldn't agree more with this! It's high time we realize that making profits is the key to success on Amazon, just like any other business. It's not just about BSR, rankings, and ACOS anymore. If we want to thrive, we need to shift gears and view Amazon as a platform to genuinely promote and sell our products, rather than a quick way to get rich. Sustainable profitability is the name of the game on Amazon.