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MenuBob Schwartz Building Great Companies! Enabling Others Success

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48
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BS$8.33/min per minute(54)Growth AccelerationBob Schwartz • Greater Los Angeles AreaCreated 12 years ago in Business / Getting StartedI've produced over $2 Billion+ in exits for shareholders and founders. Call me about your concerns and questions on growing your company to the next level: Company strategy, customer strategies, "company story", capital strategies, partnerships, talent, positioning, pricing, can't sleep at night ;-) I recently built Magento from 35 people to 350 with over 30%+ marketshare and the worlds greatest commerce ecosystem, and in the past have built and advised many others from venture backed to public companies. (see Bio)Bob Schwartz Greater Los Angeles Area(54)
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BS$8.33/min per minute(54)eCommerceBob Schwartz • Greater Los Angeles AreaCreated 11 years ago in Business / Getting Started- Magento, President: the leading eCommerce technology platform with over 30% global marketshare - Nordstrom.com, GM/Founder: Launched, built, scaled and spun-off division with $15M VC funding from Benchmark (Nordstrom.com est 2013 revenue $2B) - SchwartzGroup: Lover.ly ONEHOPEwine.com Portero.com Vivre.com Been building commerce companies for longer than i want to mention (before the internet on Prodigy ;-) Includes selling a companies to Amazon, eBay, & Packard Bell, Turning around a public company and advisor or Board to many more. See linkedin for details.Bob Schwartz Greater Los Angeles Area(54)
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BS$8.33/min per minute(54)Funding & AcquisitionBob Schwartz • Greater Los Angeles AreaCreated 10 years ago in Funding / Venture CapitalI've raised $100M+ in venture financing & more from private equity, and over $1 Billion in shareholder and founder acquisition value. Strategy, fit, story, timing, targetsBob Schwartz Greater Los Angeles Area(54)
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BS$8.33/min per minute(54)Speaking: Building Commerce Companies & Brands With SoulBob Schwartz • Greater Los Angeles AreaCreated 10 years ago in Skills & Management / Public SpeakingDelivered keynotes as well as small formats. Conferences, company events, private equity & VC events. Focus is high energy and thought provoking trends supported by personal experiences and point of view from building numerous companies in varied industries (B2C, B2B, Tech, Retail) resulting in over $1 billion dollars in shareholder value and multiple multi-billion dollar companies and industry leaders.Bob Schwartz Greater Los Angeles Area(54)
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BS$8.33/min per minute(54)Brand - Build Your Brand to Resonate & Mean SomethingBob Schwartz • Greater Los Angeles AreaCreated 7 years ago in Sales & Marketing / BrandingYour brand is not your name, it is everything that you do to give it life and have it live in the hearts and minds of your team, customers, and partners.Bob Schwartz Greater Los Angeles Area(54)
- Reviews 48
- Answers 27
Had a great conversation with Bob. He's smart, experienced, and friendly. Highly recommended!
Source: Clarity Felipe Cortes Nov 10, 2022Great chat!
Source: Clarity John Crestani Nov 9, 2022Bob asks smart questions and gives actionable advice. His perspective is well grounded in clear successes and experience. Valuable call!
Source: Clarity Franz Maruna Jan 25, 2022Great chat with Bob. He's creative and knew my e-comm industry which is kind of rare in a way. Gave some excellent insights on how to handle a current situation we are in. Thanks!
Source: Clarity Chad Hamzeh Jan 21, 2022Bob is FANTASTIC. His energy is contagious right from the beginning of the call and his experience is unparalleled. Can give you advice on any situation you are currently in with your business.
Source: Clarity elizabeth schneckenburger Sep 9, 2021Amazing call. Bob took the time to understand our business then give an abundance of wisdom. Also a very fun guy to chat with. Highly recommended to book a call in.
Source: Clarity Mark Patchett Jul 6, 2021Incredible call! Had a lot of fantastic strategic ideas based on real world experience - very helpful in setting a clear course for where we are headed. Highly recommended.
Source: Clarity Dane Alexander Sep 29, 2020Incredibly illuminating call. Bob was great! Highly recommended.
Source: Clarity Jonathan Sapir Nov 8, 2019Bob is the man when it comes to E-commerce, valuation and raising funds, really enjoyed our conversation and won a new friend, highly recommended
Source: Clarity Ahmed Al Kiremli Aug 20, 2019High level:
- it’s not about traffic it’s about the right traffic
- ppc and the internet are built for testing variants, do that and learn and optimize
- focus in both your ppc copy as well as the journey your sending them to
- if you’re doing all this and its working then next is to apply this to broader terms or other targeted audiences to open up the top of your funnel.
- finally if your big enough and it makes financial sense, hire a credible agency as all digital marketing is moving at warp speed and these agencies live and die it 24x7x365 with power knowledge and tools*
PPC is the perfect “ad” vehicle for optimization. That it’s magic and is built for “test - learn - adjust - test - learn..”.
It’s less of a guessing game and more of a science process doing various ad copy and seeing results and tweaking.
Remember that mere clicks and traffic don’t mean your ads working, your copy should attract targeted qualified prospects vs anyone. Also your copy can be crafted to also “discourage” clicks as you pay for the click and you want to pay for the right people in the right mindset.
Next where are you linking the ad too? Point them to a place that help you move them to buy.. it could be a targeted right product page but best is a custom landing pages that is your best shot at educating your prospect as “why to buy” (from you or this item) vs “here it is” and should have simple easy “next action” (see product or?).
You can test various places and copy as to where you land you PPC traffic (even tied to specific ads).
Also if by “improve” you mean conversion, then obviously you value proposition for the product and buying from you needs to be solid vs competition (trust, quality, service and price (but price doesn’t need to be lowest it’s just a variable in your “value” to a customer).
Best to you on your journey,
B
*Discourse : i am Vice Chairman of top performance marketing agency www.wpromote.com
It’s pretty simple, your offering has a lot of issues for what and how you’re targeting
- you product, money, it’s a “commodity” so why you, your money, your firm?
- The big boys (public) have tremendous relationships with big, known, credible capital sources.
- They’re sophisticated so they know your capital has to be roughly at the same costs as the many trusted avenues they currently have for capital
- I mentioned “trusted” a few times as it’s KEY. Does the firm you represent have a well known brand or known trust elements?
- They are public companies and risk adverse so the likelihood of them entertaining a cold call or cold email from an unknown capital source is very low. Why? All things being similar they’re much better off taking and announcing capital from a trusted branded bank or firm.
- Trust: with all the capital scams out there triggered, especially online, they are likely also reacting to scam risk first.
Unless you have a trusted product (brand, people, story etc) and a way to get in front of prospects in a trusted way (conferences v email) i think the odds are really tough the bigger the company.
Perhaps your product offering fit smaller or growth stage companies who have less options and aren’t public facing where Capital brand is so important.
B
Love eCommerce and I've been at it since it started and love it (well its just retail but with real time information and results!) Sounds like you are new to it all and perhaps to your own business?
I knew there where some great blogs on your topic and recalled Shopify had a good one so my quick google surfaced this, it likely answers all your basic questions.
ecommerce business blueprint
https://www.shopify.com/blog/ecommerce-business-blueprint
If this is too basics and or you want deeper success insights, Happy to take a call as Ive built/led/grown ecom businesses that do $100M to $billions, as well as technology companies that power eCommerce (Magento, Temando, Wpromote...)
Enjoy your jouney!
You can pretty far by just copying the URL link from your profile page and using it stand along or embedding as the action in images, buttons etc
CLICK HERE: https://clarity.fm/bobschwartz
It sounds interesting as i have seen many great shipping container stores and 'store / food parks' (UK).
At a high level the few things that pop to my mind are:
- Locations (ie: traffic that fit brand demo): your ability to offer interesting locations with on brand traffic will be a driver to your success (aside from brands using it for their own locations)
- Quality: show and make sure you can execute 'on brand' 'wow' 'cool' build outs. make sure that they feel fresh (vs used) for each successive customer
- Business Model: Do a high level spreadsheet as It's likely it could be a lower margin business (rental, booth etc) which is not an issue, but you need to decide if that is what you are after to commit to for your journey (or how to change the model).
I met the founder of BoxPark back when they were just getting started and loved the concept: https://www.boxpark.co.uk/
The biggest market of baby is hyper competitive as it’s often first around price. These are the commoditized baby items moms buy for their fast growing and messy babies - ie items that likely aren’t around for more than months because of growth or stains etc. This is the largest market segment and driven buy pricing but can include : green or more conscience materials, recycle etc for a slightly higher pricing. The competitive set in this is mom going to Target and buying another low cost 5 pack of a bigCo basic brand they know. So if this is your brand segment you’ll need to find a position that resonates - and likely at competitive low pricing or a reason for mom to pay a bit more for what she sees likely as short term disposable goods.
Other segment is the aspirational lux customers /special occasion / friend grandma gift items. Better to great quality and design and higher pricing. It’s a Smaller portion of market and driven by boutiques, catalog, Internet...
Either way or anything you choose to do - what’s your brand stand for in a consumer (moms) mind and does it matter enough to her.
1. Get a job ASAP to pay the bills - not an ultimate great job and not all consuming, one that you can do easily or pick up 'gigs' just to pay bills to allow you to be strategic about your real next moves, and perhaps save more money.
2. Allocate time each day (before, after work) to decide on a plan of where you want to go, what you need to get there.
3. and then start taking actions towards that plan that will build your chance at success: Research, Learn, Contacts, Relationships, Industry
4. If new area for you then you can jump to an easy job in that industry to accelerate #3.
5. Now you have survived, learned, have contacts and are armed and ready with the best shot at success when you leap.
6. Buy an amazing dinner for $400 with a few people who helped you get to your first $1,000,000
Easy - start upside down... your last value proposition point is something that you could easily do and is interesting to penetrate today noisy world -> travel design experiences.
In todays wickedly noisy world, you need to execute with quality BUT THAT IS NOT ENOUGH - you need to DO THINGS DIFFERENTLY ... you need a 'tip of the spear' message /brand to pierce the noise of the market.
* travel design experiences* this is interesting and you could easily make this happen and create a site and sell limited availability to fun and well planned unique access all around 'design' - it could be obvious or just mind opening creative events/places etc (Go to X city, and meet w ABC design experts, and see XYZ museum or artist or fashion person and show rooms and ...)
And with THAT brand "travel design experiences" you then would be able to create really cool content for a blog and IG and perhaps sell items you find along the way (or host a marketplace).
Start Here -> "travel design experiences"
easy, fun, low cost and commitment and informs all the rest....
Bob
PS: "Think like a Challenger" to break thru the noise.. if im not clear enough above you can watch me scream about this in this 1 minute video I did for Wpromote (we built it from 50 to 475 people top performance marketing agency - all around 'thinking like a challenger')
Wp Challenger 1 min
https://www.youtube.com/watch?v=KFYrCE9coCY
PR is a great weapon for the right product /company and time. OK perfectly you'd be Elon Musk and announcing your new anti gravity device and press lines up. But I will assume you aren't Elon (yet) and though you might find your story compelling it might not be "anti gravity' level exciting to the press.
SO Whether you use an agency or not, the key to real PR success is look at todays HOT news items - the press is searching for stories that fit into TODAYS hot news.
How do you, your people, your product, your company, your service fit into todays hot news.. it doesnt have to be direct fit - but can you create an interesting unique angle...
IE today:
* Macy closes 125 store = doesnt have to be about retail but could be about people, employment, training, locations, culture, old v new, ecomm, brands, .... etc...
* Coronavirus outbreak = doesnt have to be about Rx and cures or masks, but it extends to people, culture, HR, travel, work place, virtual meetings, economy, ....
Just see the press as hungry lions, and you just need to convert your thoughts into red meat ;-)
Marketplaces can be wonderful but they are a challenge as you face Chicken V Egg.... you need supply and you need demand. Typically supply (product/ services) are easier if you keep the 'cost' really low (time, effort, content, set up, charges) as they are all looking for new sources of revenue and customers... the real challenge is CUSTOMERS.
If you could wave a magic wand and be successful at just one of these - I would pick customers... as IF you have customers the vendors will be there..
So focus on the customer - why they need or want or find value in your decor marketplace vs other options. And if you figure that out then next is thinking thru a strategy to make customers aware you even exist (as you now have a great value proposition). In todays world best (especially local) is if you can get a customer or anyone who likes what you are doing to share (socially).. could be something they saw or something fun etc...
Bottom line: figure out if the consumer wants, needs would find enough value in your concept - if you figure that out then the vendors will line up. Then the only last part to look at is the value equation - can you create enough value to consumers and vendors to enable you to BUILD and maintain a successful ($) business (IE: consumers or vendors may love it but enough to pay a price to fund your efforts)
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