In short
Podcast Summary: The Thoughtful Entrepreneur - Episode 1856
Episode Overview In this episode of The Thoughtful Entrepreneur, host Josh Elledge interviews Matthew Stafford, the CEO and Investor of [Build Grow Scale](https://buildgrowscale.com/). Stafford's company focuses on website optimization strategies to enhance customer journeys in e-commerce and lead generation.
Key Themes
- Website Optimization: Importance of data-driven strategies, particularly using tools like Google Analytics.
- E-commerce Focus: Refining the customer journey from initial website visit to final purchase.
- Common Gaps: Identification and resolution of common pitfalls in e-commerce transactions.
Key Points Discussed
Introduction of Matthew Stafford
- Matthew has extensive experience in various industries including construction, e-commerce, and software.
- He emphasizes a balanced approach to entrepreneurship which values personal fulfillment alongside professional success.
Build Grow Scale's Mission
- The company aims to streamline the customer journey on e-commerce and lead generation websites.
- Stafford elaborates on the use of Google Analytics and the importance of understanding customer behavior to boost conversions.
Tactical Aspects of Website Optimization
- Common Gaps in E-commerce:
- Many businesses overlook the critical transaction process, especially the cart and checkout experience.
- Stafford advises businesses to optimize from the back end (checkout) moving forward, rather than starting with the homepage.
Strategies for Educating Potential Clients
- Leverage webinars and video content to engage and build trust with potential clients.
- Post-purchase surveys are a valuable tool for understanding customer friction points, providing insights that can lead to significant revenue gains.
Insights from the Episode
- User Journey Mapping: Understanding the user experience is critical for optimizing conversions.
- Fresh Perspectives: Regularly reviewing a website with fresh eyes can uncover overlooked issues that may deter customers.
- Value of Autonomy: Encouraging a customer-centric approach by offering valuable content without requiring an email address can foster goodwill and trust.
About Matthew Stafford
- Stafford has helped numerous brands achieve substantial revenue milestones.
- He organizes events like BGS LIVE, previously the largest e-commerce event in North America.
- Values personal growth and fulfillment over mere financial success.
About Build Grow Scale
- A community for eCommerce entrepreneurs focusing on practical insights and strategies.
- Offers educational resources, online courses, certification programs, and workshops.
Conclusion Matthew Stafford's insights provide valuable guidance on optimizing the e-commerce customer journey. His experiences highlight the significant impact of data-driven strategies, customer education, and website usability on business growth.
For more information, visit [Build Grow Scale](https://buildgrowscale.com/) or reach out to Matthew directly at Matt@buildgrowscale.com.
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Additional Information
- Host: Josh Elledge
- Podcast: The Thoughtful Entrepreneur
- Episode Length: Approximately 25 minutes
Feel free to check out more episodes or apply to be a guest at [Up My Influence](https://UpMyInfluence.com/guest/).
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:05Hey, thoughtful listener. Before we get going. Did you know that my company up my influence. dot com has launched more than 200 business podcasts. The hosts of our shows are amazing leaders and collaborators. Folks, I want to connect you with. Maybe you deserve your moment in the spotlight as a guest of one of these amazing shows. Just go to upmyinfluence.com where you can see more than 50 shows that are actively seeking business leader guests like you to celebrate right now in front of their high caliber audiences. Just click on the podcast tab at upmyinfluence.com where you'll see shows like Experience Focused Leaders Podcast.
0:49If you're seeking insights on transforming customer experiences, you can't miss the Experience Focused Leaders Podcast with your host, Alex Shevolenko. Alex, the CEO and founder of Relay2, brings his rich background from Stanford MBA, Wharton BSE, and the University of Pennsylvania BA. He's a smart dude, along with his real-world experiences of building organizations across global hubs to the forefront of this engaging podcast. Now, each episode is a deep dive into the world of customer-centric strategies, where Alex and his guests, seasoned business owners and industry veterans share their invaluable insights.
1:32They discuss the latest trends, offer practical advice, and reveal the secrets behind exceptional customer experiences and business growth. Are you a business owner who values customer experience above all? Then this podcast is your go-to resource. Better yet, if you've got unique insights and strategies that have helped you stand out in your industry, we'd love to have you as a guest on the show. Share your story with a community that's as passionate about customer experience excellence as you are. Tune into the Experience Focused Leaders podcast for your weekly dose of inspiration and practical tips.
2:08Let's push the boundaries of customer experience together.
2:16With us right now, it's Matthew Stafford. Matthew, you are an investor and CEO of Build, Grow, Scale. You were found on the web at buildgrowscale.com. Matthew, thank you so much for joining us. Thanks for having me. Yeah. So please give us an overview of the work that you do and what is buildgrowscale? Yeah. So essentially what we do is we take care of the journey when a customer lands on somebody's website, all the way until they either fill out the lead form or until they give you money. We deal with a lot of e-commerce and we have an entire membership around that. And then we do like several large lead gen sites where we partner with them and do all the tech and optimization, et cetera, data, so forth.
3:02Yeah. So tactically, what we're talking about is like a lot of user journey, like that whole map, right, that we're talking about. So maybe you could talk a little bit more tactically about, you know, the pieces of your current flow where we get involved would be here, here, here and here. Yeah. So typically most people have Google Analytics on their site. It's set up wrong and they never look at it. Well, what we figured out is owning our own sites. And we started digging into that because ads are, you know, a love-hate relationship all the time. And so I was trying to find a way to make them not so volatile.
3:43And in that process about 10 years ago, I started looking at the analytics of the site and realized there was a lot of information in there that would help me a lot optimize my site. And when we did that, it literally took off. And so I had several other friends that were in the e-commerce business, and I wanted to make sure that I wasn't just struck by lightning and it worked once. But hey, let's do this on your site and see if it works again. And literally right out of the gate, we took one site that had done 2.75 million the year before. and in 90 days we had them at an 8.2 million run rate 16 million that year another one was doing 400 000 a month and we ended up having them about four and a half months later at 2.7 million i was like all right we're on to something this is worth diving into and that's just been my journey for the last 10 years understanding and just understanding that your website is your conversation with your client.
4:45And if your website isn't simple, easy to understand, easy to navigate, then it's not very good at conversing and you just don't have the credibility with them that you're looking for. Yeah, I would imagine then that there are some pretty common gaps that you see frequently. If you were to kind of condense these down into like, two to three areas that most e-com leaders or anyone doing business, what would you say are those most common gaps that you see? Yeah. So for us, obviously the transaction itself, so the cart and checkout, where they're giving you that information is super critical. And it's funny how many people like to get ahold of us and want us to help them.
5:38The first thing they want to do is work on their homepage. And I'm like, well, you're going to pay us a bunch of money. We're going to work on your homepage. That might get more people to your category page, but it's doesn't necessarily going to turn into a whole lot more sales if the other steps of the journey aren't optimized. So I would say the very first thing to do is be very counterintuitive and start from the back end and move forward. Because if I fix your checkout and your cart, you're going to start making money immediately because that's always a big spot and that's where the transaction happens.
6:13Then go to get more people to add to cart, which would be on your product page. Then get more people ability to find your product by fixing the category and then you do your homepage. And by going backwards like that, every step that you do then actually translates into more sales because all of those other steps between that one and the cart are optimized. Matthew, you're a pro at this. I'm not. So can I ask you about a use case since I have you and I love some free therapy on this. So do you work often with, say, B2B service providers where generally like there's going to be some education that would be part of that process?
6:55Right. So they may be a service provider and it may be a little bit unique. So, you know, they're producing video content or, you know, maybe historically they've used like a webinar in order to kind of educate somebody to a point of view or perspective. And then, you know, kind of along that lines, as webinar ever, you know, as webinar strategy ever been a part of your client strategy that you've worked with? Yeah, for sure. That's actually a way to get people to the website or if they opt in for the webinar, then to, you know, go to a different section on the website. Right. So yeah, absolutely.
7:31So we have some physical product partners, you know, their average order value is three or four grand. You don't make that sale on a click without education. So yeah, we're very good at that. And really, I think that's what sets us apart is that we really are very nuanced in the details because over the last 10 years, we just realized every single time that we can refine the detail, know what they're asking, what their audience is. what they look for, the better the site performs. And one of the greatest ways that we've ever done to figure that out, and I'll share it with you here and all your audience, is on your thank you page, after someone does do business with you, we ask them, what was the one thing that almost made you not buy?
8:20So everybody wants to know what was the thing that made them buy. Well, that's not near as important as what was the one thing that almost made you not buy. And so by asking that question, they will tell you, because they just gave you money, they will tell you the friction points that they had. Oh, this wasn't very clear. Or I couldn't find this. Or I couldn't find that. And I will tell you, categorically, probably five of our 10 biggest wins that have been worth more than a million dollars each for the store owner. Five of them came from that post-purchase survey asking them that question. Yeah.
8:58Why is it that, well, it's kind of a silly question, but you know, it's sometimes that feedback that comes in, I would imagine has to be surprising for your client. Like, we wouldn't have never thought that. Yeah. 100%. You know, that's very normal. And this is what we always tell people too. A fresh set of eyes on the website is really good because the way our brain works is as soon as something is repetitive, it basically says, okay, this is going to kill me. I'm going to put it into my subconscious and kind of ignore it, kind of just cruise through that part on autopilot. And so the moment that we look at it with fresh eyes and start picking stuff apart, they're like, oh my God, that's so obvious.
9:41I don't know why I didn't see it. Because you look at your site every day over and over and over. You've literally already cataloged a whole bunch of that as normal and you don't see it any longer. And so one of the things we realized, we knew that as we were, you know, doing proposals and sharing that, and then we realized, hey, that happens to us too. After we're on a site for two or three months, we need to have other people from our team go through and do a critique and refreshing up how we look at it. And so we started doing that. And again, that just took our service to a whole nother level.
10:17And it helps that we have a team, you know, of 30 people, 30 plus. So, but yeah. Yeah. Yeah. If I could ask you one more question. Yeah. You can ask me. Yeah. So here, just because this is what we're dealing with right now. So I'm getting, and in fact, I'm getting ready to like, we're historically, we've offered a concierge level service. We have a couple of hundred clients. Like, I love what we do. You know, it's like, we have that, I don't want to say on lock, but we're very competent at that user journey and that user flow. And we're getting ready now to expand a lower ticket offering, which, you know, has the full platform and everything.
10:52It's going to be at a much lower price point. The price on our concierge is going up. And now we have like a$4.97 a month platform. So, you know, again, historically, I love teaching. Like, I love providing value. And here's the debate. Do I require, you know, just like watch this free video, but you got to give me your email address first? Or do I just say, here, watch this video. I trust you. Like if you like it, you'll take the next step. Should I require that email as like an entrance fee to redeem that value? Yeah. So this is my opinion. No. See, I'm leaning toward you. It feels unconventional to say no.
11:31Please, I'm all ears. Yeah. And I'm not even saying that we're great at not doing that right now. I'm studying a course called Tiny Worlds. and it's basically it's by andre chaperone who was probably known as by far one of the best email marketers on the planet did the um autoresponder madness and uh essentially what he talks about is giving people the ability to go from place to place within your world that all leads back to the same thing that you want them to do but not make them step through a whole bunch of hoops to do it. Yeah. I mean, because then if they're not ready and they opt in to get the piece of information, it wasn't what they were looking for.
12:12They don't have time to look at it right now. And then you emailed them three more times going, Oh, Hey, we need this. Then all of a sudden, like you've changed that relationship forever. Cause you almost have violated it. And if, like you said, if you have that one area on lock and you're not really like, you don't need to recoup a bunch of ad spend, but these are people that are finding your site, let them get to know, like, and trust you. We looked at ours and what we realized is typically our journey path, someone has been to our blog three or more times or read one of the articles that we posted before they become a customer.
12:50And so for us, we just realized like, yeah, like what we do is very highly specialized and it's not the cheapest solution, but we get really, really good results. And so why not put our money where our mouth is and let people have a lot of the information for free. And then if they would want us to help them with that, great. And if they don't, then more power to them. There's plenty of work out there for all of us. Yeah. Yeah. I know a lot of folks that listen to the show are kind of in that B2B world and likely have maybe higher ticket type offers, but yeah, I'm with you to, you know, for me not to require an email address feels like I'm just treating someone like a little bit more of an adult rather than, you know, this little game that, you know, like I would just say more as a friend, like, would you ask if your friend said, Hey, I'd love to see that checklist that you have, you go, yeah, yeah.
13:39I just go opt in on a site or would you just send it to them? Yeah. I would just say, here you go. Right. Exactly. And so, yeah, it's not the same. And so, So yeah, I definitely think that concept of giving them that information without having to make them give you something for it, it just feels nicer. I like that. I like that. You know, and certainly I think that there could be reason, like if it was a scheduled thing and like some kind of technology where you just like, well, click here to add it to your calendar. And maybe that's sort of a pseudo opt-in or something like that. There's probably a way there.
14:16Thank you. By the way. I really appreciate that, Matthew. Hey, so your website, again, it's buildbroscale.com. Let's be kind of on the nose in terms of like, who needs to be reaching out to you? And you know, what might they be experiencing? And what is kind of, you know, like when they go into your world, like, what would you recommend for them? Yeah, so one, I would say, if you have something that's working. Like I hate when people get ahold of us, they think we're the magic bullet and like we're their last chance. That just doesn't create a great relationship right from the beginning. So what I would say is a really good client to us or a friend is basically they have something that's working and they want to optimize it.
15:10They don't understand Google analytics and it just switch to GA4 and all of that. Or maybe their store does a hundred grand a month. And so it takes them two months to run a test. Well, we're running tests, multiple tests every week on our partner stores. And so we're always sharing what's working. And so we're getting millions of dollars worth of data monthly where they're getting a hundred thousand. And so a lot of times the stuff that we can share with them is basically becomes a best practice. And we know that it'll work all the time. So I would say you have something that's working, you haven't had a lot of time, or you're so good at fulfilling what you do that you're not great at working on your website.
15:58Those are the type of people. They have a good product, good service, and they just don't really have the know-how or the technical ability to optimize the customer journey on the website. Yeah. So when someone goes to your website, buildgrowscale.com, Matthew, what should they click on? What should they do? They can either go to the contact us and kind of give us a feel of what they're looking for, or they can book a call. They can for sure get ahold of me at Matt at buildgrowscale.com. And yeah, we're all very, very easy to get ahold of. It's not like, you know, it takes eight steps to get to us.
16:37So, yeah. Great. Again, buildgrowscale.com. Matthew Stafford, that's your brand. Thank you so much for the conversation. Thank you so much for the guidance too. I really appreciate it. Yeah, thank you for having me. Appreciate it.
16:57Thanks for listening to the Thoughtful Entrepreneur Show. If you are a thoughtful business owner or professional who would like to be on this daily program, please visit upmyinfluence.com slash guest. If you're a listener, I'd love to shout out your business to our whole audience for free. You can do that by leaving a review on Apple Podcasts or join our listener Facebook group. Just search for The Thoughtful Entrepreneur in Facebook. I'd love even if you just stop by to say hi. I'd love to meet you. We believe that every person has a message that can positively impact the world. We love our community who listens and shares our program every day.
17:41Together, we are empowering one another as thoughtful entrepreneurs. Hit subscribe so that tomorrow morning, that's right, seven days a week, you are going to be inspired and motivated to succeed. I promise to bring positivity and inspiration to you for around 15 minutes each day. Thanks for listening and thank you for being a part of the Thoughtful Entrepreneur Movement.
From the publisher
Key Points from the Episode:
- Introduction of the guest, Matthew Stafford, CEO of Build Grow Scale
- Overview of Build Grow Scale's focus on optimizing the customer journey for e-commerce and lead generation websites
- Discussion on website optimization and the tactical aspects of the user journey
- Emphasis on common gaps in e-commerce and the importance of optimizing the transaction process
- Insights into educating potential customers, particularly in the context of B2B service providers
About Matthew Stafford: Matthew Stafford is a versatile entrepreneur with three decades of success in various industries, including construction, e-commerce, and software. As CEO of Build Grow Scale and an equity owner in several e-commerce brands, he has used his expertise to mentor thousands of store owners and help hundreds of brands surpass the million-dollar revenue mark, some even reaching over $10 million. Known for speaking at e-commerce optimization events for seven years, Matthew's achievements include organizing BGS LIVE, North America's largest e-commerce event pre-COVID-19. Despite external successes, he emphasizes the importance of internal satisfaction and self-worth over material achievements. Matthew advocates for a balanced approach to entrepreneurship that values personal growth and fulfillment as much as professional success. He shares insights and experiences on platforms like LinkedIn, aiming to inspire others to find inner peace and joy while pursuing their entrepreneurial goals. About Build Grow Scale: Build Grow Scale (BGS) is an influential community designed for eCommerce entrepreneurs and physical product sellers seeking to elevate their businesses. Unlike many online marketing companies, BGS offers practical, real-world insights and strategies that are actively used in its operations. With a portfolio of successful eCommerce brands across various niches and hands-on experience in product manufacturing and logistics through their private shipping and fulfillment company, BGS offers authenticity and expertise. Their educational resources include online courses, certification programs, private workshops, and the annual Build Grow Scale Live conference. This comprehensive approach ensures members receive theoretical knowledge and actionable advice from seasoned professionals deeply involved in the eCommerce world. BGS's...

