Monaesh Siva Kumar
@monaeshsk
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ecom since ‘22, Documenting the journey
Australia
Joined November 2015
99% of ecom founders won't do this... Pull your bank statements from last month Calculate your P&L based on exactly what came in vs what went out We found $5k/month in forgotten subscriptions And 4 ways to 3x our net profit Your P&L > vanity metrics
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Our COGS% is in general very low. In the beginning we had 24-25%. By implementing the tips in our SOP, we were able to lower our cost of goods sold with 10%! Like & Retweet to get our SOP (Must be following)
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Making better offers increased my Conversion Rate to 10%. Most of you are still doing: - Quantity selection - 50% off - 1+1 free This is outdated (just like the attachment). Like and Retweet to get my SOP regarding offer optimization. (Must be following, otherwise I can
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