Mr. Sinclair comes across as an honest individual, openly sharing business details. Perhaps his content lacks popularity because it's grounded in reality, focused on long-term plans, in contrast to the allure of "get rich in 7 days" videos that easily garner millions of views.
It’s so refreshing to see a YT entrepreneur being so transparent and openly discussing their own figures and being so willing to share the secrets of their success.
How is he being transparent 😂5 million in revenue doesn't mean anything 😂do the companies make profit? Highly doubt it if he's making youtube videos for extra income 😂 most likely makes money selling courses to morons
Great breakdown on the Shopify business model! For entrepreneurs looking to scale, integrating a CRM with Shopify can automate follow-ups and personalize customer interactions, increasing lifetime value per customer
One of your best videos! I have often thought about starting an ecommerce business but never had the know how. You've given me some great ideas here. Thank you.
James! Great vid, but Party Pieces needs more info on the website. Even after Brexit, we've kept the Electronic Commerce Regulations. That means a vendor (you), is required to display in an easierly accessible location on the website - Business or trading name, address, email address, companies number on Companies House, and VAT number. I found the VAT, email and possibly the trading name for PP. But its copyrighted Teddy Tastic, which is really confusing. And no sign of the address or companies house info. Teddy tastic has address, VAT, but no sign of email or Companies House info. Might want to get your ecommerce manager to look at that 👍👍 I may be totally wrong (wouldn't be the first time) but that's my understanding for all ecommerce website.
I’ve been doing e-commerce for 25 years and annoyingly James has nailed it in 4! These are the main beats to have a proper 7 or 8 figure e-commerce business - critically having the supply of your own brand goods is what makes the difference. Other key concepts of note: Google Shopping ads in particular for UK, selling into Europe (relatively easy even after Brexit), email and automation of email, great product photography (one are I think James stuff can work harder).
Oh yeah, we certainly need to work harder on photography. And make our websites better. Having 27 of them is the challenge. ( across all my companies ) we’re on course to bolster the team to get gem world class.
@abdikaka10 I also face the same Issue on my Shopify store too but I later found someone who help me with it, if you are available I can link you to the expert
I’m on Shopify and do a decent amount but they are far from perfect. The costs really do add up. For example, they take 1.6%+20p of all sales via shop pay, they’re headquartered in Canada so have funny rules about what you can and can’t sell, even if the product is completely legal in the UK and the monthly app subscriptions really do add up, such as apps for discounts, cookies, seo, product reviews, connections to eBay and Amazon etc. Another really important thing you forgot to mention is a mailing list. These are relatively cheap and convert really well. £200 for 50,000 emails is my current rate I think. Keep up the great content
Great video James, I've been using Shopify for over a decade and you've nailed it in terms of things to focus on. One thing I'd add is using split testing tools to optimise product pages / conversion rate over time. Small tweaks can make a massive difference. Keep up the good work 👍
Simple. 1, I love making videos and speaking at conferences. 2, I believe personal brand opens more doors for my business than networking 121. You wouldn’t believe how many opportunities pile in to my inbox since doing this 3, I have 1200 staff that can see what we believe and what we’re up to from a HQ POV.
The problem I have is, I have a wholesale and direct to consumer business however I cannot afford an ad budget, we have supplied the bbc, ITV, TV studios everywhere but we cannot turn enough over to set money aside for an ad budget, this then in turn reduces our income as we are not marketing, chicken and the egg situation
Wholesale and direct sale , I am thinking of the style of business . What is the value of a wholesaler, a producer is able to squeeze a wholesaler. How protect your business?
I've been doing Shopify for four years. I have a business I'd love to talk to you about. I'm a Facebook ad pro and have consistently more then quadrupled my adspend for the past four years.
This is a brilliant video. I have a youtube channel and i'm selling merchandise, i'm trying to increase my e-commerce skills at the moment to sell more stuff. Very glad i found this channel. Will be making my way through the rest of your vids now James. 🔥
Fantastic video in every respect 🙌 not least of which is the amount of kick ass, real world information you squeezed into a 12 minute video! You Rock Sir! 🤘😎
Personally I wouldn't use shopify. Instead build a digital media agency starting off with a few developers and use that company for all your tech. Build up the company to several people and not just use it for your own companies but use it for other companies too. Before you know it it could be worth a few million sounds easy
It's a bit hard to get real help lately, I was once in your current position, But i thank God things are getting better, Can we link up let's share tips, and become successful together
I absolutely agree. Give me a year and they’ll be better. I have 27 websites to manage and we will make them better. Thanks for your positivity and support. To your continued success.
Wasn’t meant to be negative. Just thought they might be better. Partypieces is pretty good but doesn’t have Shopify 1 page checkout. Which is weird and probably lowering your conversion rate
'Make' millions a year on Shopify? Very rare that. Based on £5million turnover, surely millions are not then 'made' in profit??? The title seems misleading, sorry
It’s the revenues I am putting through Shopify. To make 5m; based on the margin I am doing and taking overhead in to account. I would need to do 35m in revenue to make 5m in profit.
For clarity I do make profit videos on the channel, if it’s about profit I will always say if it’s profit. This video is how to get scale and turnover so you have a chance of making a profit, with 700 videos on the channel you’ll find videos on profits too.
Presenting your message to bring people with you. Super skillset of entrepreneurship. Thanks for the compliment. ( see Steve Jobbs present an Apple product launch )
