The worlds of e-commerce and AI are changing so fast, it sometimes feels impossible to keep up. Fortunately, Chad Rubin, Founder, and CEO of Profasee, is a renowned expert in e-commerce, Amazon, and leveraging AI strategies, and shares his massive knowledge with Meny on this special episode of Let’s Talk Business. Listen in as they talk about how Chad sold his business (and what you can learn from his experience), the opportunities and threats associated with ChatGPT and AI, whether you should start selling on Amazon and then move into other channels, the most effective way of differentiating your product on Amazon, and much more.
Chad Rubin leads Profasee's operations and oversees its strategy. He often speaks about e-commerce, amazon, and leveraging AI strategies on webinars and conferences worldwide. He's also the author of the Amazon bestseller, Cheaper, Easier Direct. Prior to Profasee, he founded Think Crucial and co-founded Skubana and the Prosper Show. He is also a father, and husband and loves coffee and tacos.
[00:01 - 07:27] Opening Segment
• How Chad launched his startup and exited it
• Leveraging AI strategies on webinars and conferences worldwide
• The need for events in the e-commerce space
How they can help entrepreneurs become 1% better
[07:28 - 21:14] Why Timing Is Everything
• Why and how Chad decided to build Skubana
• How to know when is the optimal time to sell
Focus on the revenue-generating side of the business rather than cost saving• The reason why timing is key when selling a business
• How one entrepreneur found success after the "Great Reset"
[21:15 - 35:45] AI is the Future: Maximizing Profit and Discoverability with AI
• AI is still in its early stages but is developing quickly
Business owners can start getting acquainted with AI• How Chat GPT can make writers better
• Starting a brand on Amazon requires a plan and tight margins
• Chad's insights about aggregators and Amazon
[35:46 - 45:52] Closing Segment
• Your idea must be differentiated to succeed
• Chad on the rapid-four questions
• Q&A: What is your risk tolerance?
Want to connect with Chad? Follow him on LinkedIn and Twitter. Head to Profasee, and predict the perfect price every time!
Key Quotes:
"So my goal, at least from a career perspective, is to leave an industry far better than how I found it." - Chad Rubin
"It's much easier to show people how you can make more money than how you can save money." - Chad Rubin
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