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dennis hegstad

I’m Dennis, I’ve been working in e-commerce since 2009 and recently sold two Shopify apps. AMA 👇

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CouponScout
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I’m the co-founder of http://Vigilance.io - A shopify app for protecting DTC brands against coupon code leaks online, previously I was the co-founder of LiveRecover which we built and sold, and I also sold orderBump. Ask me anything about DTC (direct to consumer), paid acquisition, Shopify apps or selling a business. I’ll be answering all questions on Wednesday the 13th of September 🔥
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Aaron O'Leary
Product Hunt
Hey Dennis! 👋 Thanks for the taking the time to do this AMA, my question would be is there a specific point in your career in e-commerce and advertising that lead you to explore Shopify apps?
dennis hegstad
CouponScout
@aaronoleary when I started doing ecommerce it was 2008/2009 on myspace... wordpress was brand new and it took me like 4-6 weeks to get my site live and accepting payments. Fastforward to 2015 and I discovered shopify, my life changed. I could go live in day(s) or less. Eventually the vast amount of moving parts in the DTC world made me realize I might be better at solving problems for these merchants than dealing with them all myself.
EcomLiveStream.com
@dennishegstad would you like to speak on a panel at our October 27 - 28th eCom Livestream ‘22? We have 20+ speakers (many doing individual sessions, I.e CoF of Honest Co and LegalZoom, CoF FabFitFun). In interested, my email is dan@nostra.ai. For event details https://ecomlivestream.com
Douglas Lim
Memberply
Hi Dennis! Thanks for hosting this AMA. What was the best strategy you found to acquire customers for your Shopify apps?
dennis hegstad
CouponScout
@douglas_lim the best strategy is to not overlook any channel(s) and double down on what is working... you dont need 6 channels to work, you just need to find the most stable 1-2 channels, while you explore others. there is NO magical channel. - direct sales - paid advertising - referral programs - social media / word of mouth - google search - content / SEO - partnerships with technical integrations - podcasts (not ideal) take your pick...
Douglas Lim
Memberply
@dennishegstad thank you 🙏
Sam Parr
Hampton
You're like the coolest tech person I know. - sick tattoos - dress cool - amazing house with great style and art - cool cars - fashionable Most internet people AREN'T like this. And most "cool" people aren't intellectual, introspective and nice (like you are) and are more f*ck boy (you're not). So you have a good combo. Questions: 1) Do you think being "cool" has gotten you more business? 2) What and who inspires your look and sense of style, art? 3) What design or fashion content do you regularly consume?
dennis hegstad
CouponScout
@thesamparr sheeesh, im def not that cool, maybe a crumb of cool. thank you! the feeling is mutual (minus the tattoos ;)) 1) i think maybe sometimes people have assumed i'm a ____ instead of a tech entrepreneur. I spent a lot of time living in los angeles and hanging with musicians//blah blah blah. When you're a nerd but don't look like a "geek" or "dork", maybe its some surprise to people which is an upper hand? i'm not sure. 2) I've always been into heavy metal, punk, alternative etc music and there was a lot of exposure to tattoos when I was 16 or so. The appeal never went away, I loved it all. Rockstar vibes. 3) been reading high snobiety since it launched probably 8-10 years ago. Hodinkee for sure. I used to spend way too much time on Dribbble.
Sneha Saigal
Hi Dennis! Congrats on the success. Did you sell your apps on a marketplace/listing? How was the experience? Thanks!
dennis hegstad
CouponScout
@sneha_saigal Hey! Thanks so much... I owe most of our success to timing (LONG) and having a rockstar co-founder. The experience selling our first business felt like a MBA in 3 months. It was intense. We had multiple buyers who came to us inbound and directly. It was intense. I'm not sure I would ever list a company for sale. The leverage changes when you're wanting to sell vs willing to sell to someone who wants what you have. Experience was fucking epic! It also completely changed my perspective on how you can utilize money to acquire/build/scale faster.
Sneha Saigal
@dennishegstad That is incredible! An accelerated MBA it sounds like :)
Kevin Newman
Hey Dennis! Lots of talk lately about AI and large language model prompts. How do you see these types of new engines being used in ecom?
dennis hegstad
CouponScout
@kevinnewmanyo I'm a big fan and personally I see GPT3 being able to handle a lot of conversations around live chat, SMS chat, IG/FB messenger chat, etc. Also I think some of the opportunities around tagging prodycts with AI for search optimization, real time language translations and tons of other stuff is pretty close to being ready for the main stage
dennis hegstad
CouponScout
I launched my first ecommerce brand in 2009 on a wordpress site using the paypal checkout button. since then, started building private label brands using paid advertising on facebook since 2015, eventually running paid ads for FashionNova in 2017. Then after leaving I partnered with my co-founder to build our first shopify app in 2018, LiveRecover, a SMS marketing app powered by humans. This app was acquired in March 2021. Post acquisition of LiveRecover, I ended up buying another shopify app called OrderBump, then building out more of the product and growing the customer base. I exit this app about 4-5 months after acquiring it. (March 2022) Now building our 3rd app which is called http://Vigilance.io - focused on protecting DTC brands from coupon code leaks and injections
Doobie
Where do you come up with ideas for Shopify apps? I feel like it's hard to get into Shopify development, I'm confident I could build apps but have no clue what would be useful as I'm not in the eCommerce space. I generally try and use the scratch an-itch but doesn't work in this case as I'm not in the space yet!
dennis hegstad
CouponScout
@dubwah Being a merchant/brand owner or having friends who operate brands is a great way to get close to the potential problems that need solutions.
Will Pao
Thanks for taking the time to do this. You mentioned that advertising on podcasts didn't really work out when you tried it. Do you think this was because LiveRecover was too niche, even for a SaaS podcast? I installed LiveRecover on a small Shopify store I used to own, and it worked well. It led to a few recoveries.
Go Go
@willpao agreed
dennis hegstad
CouponScout
@willpao I think podcasts ads in general dont work unless you're willing to over-invest in the short term for the long term hopeful upside
Will Pao
@dennishegstad Yeah, I agree. Podcast advertising might be the racket of the century! Companies think it's a good use of ad dollars, but they might be better off pouring more money into PPC ads etc.
Frankie Zhang
Hello Dennis. Thank you so much for hosting this AMA. My question is: how did you acquire the users for your first app in the first place? Thanks!
Yassin Bouacherine
@frankie_zhang I want to know as well, that's a great question! ;D
dennis hegstad
CouponScout
@frankie_zhang My network of friends. We had about 25 stores using our shopify app in beta in the first week. Basically, lined up shopify stores who had interest in using our app before we even finished development. That would most likely be the founders job to generate some hype by having conversations with brand owners.
Frankie Zhang
@dennishegstad Thank you :)
Nima Azimian
Hey Dennis, thanks for running this AMA! What does your most successful lead funnel look like, and how many steps does it normally take from first contact to the sale?
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