
In this insightful episode of The Growth Guide, we had the pleasure of speaking with Mike Hoyles, a seasoned expert with over two decades of experience in e-commerce and digital marketing. Mike shared his journey from leaving a significant career to becoming an independent consultant, emphasizing the importance of perseverance and the power of creating content that resonates with an audience.
Mike discussed the explosive growth of e-commerce, particularly highlighting the impact of COVID-19 as a catalyst that accelerated online retail sales from about 10-12% to 28% in just 18 months. He stressed the importance of businesses transitioning from online catalogs to transactional websites with comprehensive customer service.
We delved into the marketing side of e-commerce, where Mike pointed out the common mistake of over-relying on paid media. He advised focusing on improving conversion rates before increasing ad spend and shared a case study where enabling digital payment options significantly boosted a client's conversion rates.
Mike also touched on the importance of proper analytics setup and the pitfalls of working with disreputable agencies that may manipulate data for their benefit. He emphasized the need for transparency and due diligence when selecting a marketing partner.
On the topic of SEO, Mike argued that it should be a priority for businesses with long-term product strategies, rather than an afterthought. He also provided career advice for up-and-coming digital marketers, suggesting self-learning and finding a mentor in the field.
Lastly, Mike offered two key pieces of advice for digital marketers: to foster a culture of testing and to remain open to change, as the digital landscape is constantly evolving.
Overall, Mike Hoyles provided a wealth of knowledge and practical tips for anyone looking to grow in the e-commerce and digital marketing space. His emphasis on value-driven strategies and adaptability left us with a lot to think about and apply to our own practices.
If you found this episode valuable, be sure to subscribe to The Growth Guide for more expert insights on entrepreneurship and digital marketing. Thank you for listening, and we look forward to bringing you more valuable conversations in future episodes.
To work with Mike visit this link https://ecommercetraining.live/