e-commerce

“E-commerce doesn't ever get this law of increasing returns. I don't think so at least, or it's minimal at best, which is that, you know, if you're at one million dollars in e-commerce sales, getting to two million you know, you're gonna have to do more work. Y…”

“You know, the, just the material cost for construction is twice the amount annually of all of e-commerce. So it's like, Humongous market. It's a multi, it's a trillion dollar plus market of just the of just material construction costs.”

“Where construction, you really, it's a similar, a little bit similar, like with e-commerce, I think you could grow yourself into bankruptcy, if that makes sense. Making, for example, you with a construction, same with e-commerce, you have to put a lot of money…”

“The only other bad thing about e-commerce is like, even when I say, oh, we did 7,000,010 million, whatever this year, that doesn't mean, A, that's revenue, not profits, and B, almost, and whatever you do have for profits gets reinvested back into the business …”

“I think if you can do software. If you if you don't really want to like, Do real work. Don't do e-commerce because e-commerce has real work.”

“If I was going to work in e-commerce, I think an idea like this is a better idea than 99% of e-commerce ideas. Because I think you'll end up with subscription revenue. I think you're differentiated and I think you appeal to the lowest common denominator.”

“I think that you want the, you find the, you know, first go to the class of the best e-commerce products to like, High repeat purchase rate. High, like, kind of lock-in, basically. High margin. You know, low shipping. This is why, like, native deodorant was su…”

“So one of the reasons I do almost nothing in e-commerce these days is because I don't see the problem. We solved, the industry solved the problem. Meaning if you name anything on the planet earth, just about, you know, you can find a site. They'll have 10,000 …”

“For us, we sell inventory before we have to pay money for it.”

“I would say that a good e-commerce brand is doing 20% profit margins on that before taxes, EBITDA, EBITDA margin. And I would say the average might be between 10 and 15%.”

“So we had about 50 people reply. The average revenue of the responder was twenty five million. Average revenue per employee, 1.35 million. The average founder paid themselves 385,000 dollars a year.”

“The mistake here is people try to do this for podcasters. They're like, Hey, you should be posting clips or you should do this. I'll do it for you. And then what they forget is that Most podcasters don't have any money or they don't have enough. They don't mak…”

“Forget about moving your manufacturing, which is a multi-year process that may not even work, by the way. Just like changing your, like sourcing from one place to another is, you know, six months to a year to get it up to scale.”

“I assume that the world will instead end up with a smaller number of agents that act on behalf of consumers going out and doing work. That changes fundamentally the internet. It just means that if you have a website today that sells tickets or bicycles or what…”