Better Call Paul

with Paul Waddy

Learn How to Launch and Scale Your Online Business From the No. 1 Ecommerce coach in the world, and best selling author of Shopify for Dummies and Selling Online for Dummies, Paul Waddy.

  1. 1d ago

    Don’t Copy Last Year’s Black Friday (5 Traps That Look Like Wins)

    You just paid your best customers 30% to do what they were already going to do. And that’s not even the worst Black Friday trap. Every year I watch ecommerce founders have their best Black Friday ever, and their worst February. In this episode I break down the 5 Black Friday traps that look like wins, the real maths behind a 30% off sale, and the fix for each one, so you set this year’s offer properly instead of copying last year’s. In this episode: Why a $100 product that makes you $32 at full price can lose you $7 at 30% offHow to plan your discount before you pick it (with a live Axeman demo; watch it on YouTube)The pull-forward trap: why a month-long sale kills December and JanuaryThe LTV ÷ AOV check: are your Black Friday customers ever coming back?Why your VIPs don’t need another discountGrade A vs Grade C: what to discount, and what to protectThe February cash trap and China New YearThe 5-question Black Friday checklist Chapters:0:00 You paid your best customers 30%1:34 Trap 1: Record revenue, no profit (the maths)4:35 How to plan your discount (Axeman demo)8:19 Trap 2: The pull-forward trap11:00 The new customer myth (LTV ÷ AOV)13:14 Trap 3: Discounting your best customers15:37 Trap 4: Site-wide discounts and your best sellers19:13 Trap 5: The February cash trap (China New Year)23:21 The Black Friday checklist26:00 What to do next Apply for my next ecommerce coaching cohort - HERE Watch on YouTube (with the demo and charts) Axeman profit simulator My website Instagram and TikTok: @paulwaddyecommerce About Paul: I’m Paul Waddy, author of Shopify For Dummies and Selling Online For Dummies. Forbes Australia: “This boss is making Shopify easy for every ecommerce business.” Voted #2 in Inside Retail’s Top 50 People in E-Commerce. Last year I coached 10 of the Top 50, including 4 of the top 10 and the winner, plus 4 AFR Young Rich Listers. I founded an award-winning digital marketing agency and Learn Ecommerce, where I’ve coached thousands of brands from start-up to nine figures, including Muscle Republic, Babyboo, Maison de Sabré, Budgy Smuggler and Coastal Grl.

About

Learn How to Launch and Scale Your Online Business From the No. 1 Ecommerce coach in the world, and best selling author of Shopify for Dummies and Selling Online for Dummies, Paul Waddy.