In this episode of The E Hustle 7 by Paul Waddy, we dive deep into the harsh reality of ecommerce: most of your products won’t be hits, and that’s okay! Paul discusses how to navigate this truth and leverage it to your advantage with strategies like the 80/20 rule, inventory turnover, and smart product range expansion.

Key Topics Covered:

• Understanding why only 20% of your products drive 80% of revenue (Pareto Principle)
• Using Shopify’s ABC analysis to assess product performance
• Tips for maintaining a three-month inventory turnover to avoid overstock
• Strategies for expanding product range responsibly without breaking the bank
• Increasing customer lifetime value by continuously introducing fresh products

Get ready to rethink your approach to product selection, inventory, and scaling your eCommerce business!📲 Follow Paul on Instagram for daily eCommerce tips: @paulwaddyecommerce

🌐 Learn more and access resources at Paul’s website: https://www.learnecommerce.com.au/Subscribe for more ecommerce insights, and hit the bell to stay updated!#eCommercePodcast #InventoryManagement #PaulWaddy #TheEHustle #ShopifyTips #eCommerceGrowth #DigitalMarketing #ProductStrategy #Entrepreneurship #RetailTrends