03
Sun, Aug
380 New Articles

An Amazon seller doing 7 figures says one strategic addition has doubled her profit

An Amazon seller doing 7 figures says one strategic addition has doubled her profit

Finance News
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times
An Amazon seller doing 7 figures says one strategic addition has doubled her profit

Lisa Harrington's e-commerce career began in the early 2010s when she started selling clothing, purses, and other items in her closet that she didn't need anymore.

She used the eBay profit to launch her first Amazon product — dog harnesses — and sold enough to quit her corporate job in 2016. She eventually created and patented interior cat doors, which have become a top-selling Amazon product and bring in seven figures in annual revenue.

Harrington, who's been doing e-commerce for more than a decade, can pinpoint one decision that took her business to the next level: hiring a PPC coach.

PPC (pay-per-click) refers to Amazon's advertising platform, where sellers can pay to have their products displayed prominently. Many sellers consider ads an essential aspect of succeeding in the competitive e-commerce space.

For years, "I had a very low spend on my advertisement," Harrington told Business Insider. Figuring out how to run Amazon ads wasn't how she wanted to spend her time.

"I just didn't have much interest in it. I really wanted to focus on branding and product development, but it has such an enormous impact on your profit and loss statement that you really can't ignore it."

lisa harrington
Harrington and her team of three employees work remotely. Courtesy of Lisa Harrington

The idea to hire a coach came from an industry event.

"I remember talking to this woman, and she's like, 'I hire a coach for everything I don't know how to do. It is the fastest way to level up,'" recalled Harrington.

She took the advice, found a coach to help her specifically with ads, and, "in the time I've worked with her, my profit has doubled," said Harrington.

It took her six months to find the right fit.

Related stories

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

"Coaches are hard to find. But when you do find one, it levels your business up," she said.

Over the last couple of years, her PPC coach has become more of a general business coach. They discuss everything from product development to effective employee management.

"She's the only person I can talk to about every aspect of my business. She not only has the expertise but has the background information, so I can spitball with her, solve problems, and come up with great ideas," said Harrington.

The full-time entrepreneur and mother of two kids doesn't hesitate to outsource when she can.

"I try to get a coach for everything because, thankfully, I've gotten to the point where I can pay people to help me," she said. "That, in some cases, tends to be a cheaper way to learn a skill or a cheaper way to get something done."

Harrington is also a member of the elite group of seven-figure Amazon sellers called Million Dollar Sellers. Members must complete an interview and application and pay $7,497 a year to join the group, which grants them access to exclusive events and a robust network of top-tier entrepreneurs.

She's adamant that investing in yourself "always pays dividends," she said.

"The knowledge that you gain, the networks that you gain, the experience shares that you hear, the tips and tricks that you get access to — not only is that short-term helping your business and helping your profit and loss statement, but you're also learning all of those things, so that if everything fell apart tomorrow, you could rebuild it again."

Content Original Link:

Original Source FINANCE YAHOO

" target="_blank">

Original Source FINANCE YAHOO

Top Stories

Grid List

15 Side Gigs That Can Make You Richer Than a Full-Time Job

Finance News

15 Side Gigs That Can Make You Richer Than a Full-Time Job

Warren Buffett's Berkshire Hathaway sold another $3 billion of stocks as investor enters home stretch as CEO

Finance News

Warren Buffett's Berkshire Hathaway sold another $3 billion of stocks as investor enters home stretch as CEO

Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares

Finance News

Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares

Man who's been buying $5 worth of Bitcoin a day shows what it's like 323 days in

Crypto News

Man who's been buying $5 worth of Bitcoin a day shows what it's like 323 days in

Arkham: LuBian’s $3.5B 2020 Bitcoin Hack Now Worth $14.5B

Crypto News

Arkham: LuBian’s $3.5B 2020 Bitcoin Hack Now Worth $14.5B

Satoshimeter Shows Where Bitcoin Price Is In This Cycle

Crypto News

Satoshimeter Shows Where Bitcoin Price Is In This Cycle