#566 Top 10 pitfalls new & experienced Ecommerce sellers fall into - Part 1

In this two part series we discuss the top 10 pitfalls that many new and experienced sellers fall into when launching or growing an ecommerce business.

 

These observations come from having watched 1,000s of business building warriors both succeed and fail over the past 18 years. Many of these observations are timeless truths that are simply ignored by so many people who would otherwise see far greater results.

 

If you're ready to work with a PROVEN team - give us a call. Details are at JimCockrumCoaching.com

 

Pitfalls discussed in this episode include:

Chasing shiny objects

Pursuing "Just In Case" learning instead of "Just in Time" learning

"Over-buying" inventory

Trying to launch a private label brand as a new seller

Importing and dropshipping

Done for you models

Part 2 covers the final pitfalls

 

Don't forget to check out sellerboard, our awesome sponsor - THE accurate profit analytics tool for Amazon sellers that helps you calculate your profit precisely accounting for all hidden fees and in real time. Use our link and get a TWO month free trial: https://SilentJim.com/numbers 

 

In part 2 (released one week after part one) we will conclude the two part series with a discussion about:

 

Sourcing using liquidations

Buying inventory based on INSTINCT

Using too much credit too soon

Pursuing your passions as a business model

Isolation sabotage

 

Show note LINKS:

 

My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam 100% FREE! Join 70,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world!

 

JimCockrumCoaching.com - Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text)  ALL of our coaches are running very successful businesses of their own based on the models we teach here! We’ve been setting the standard for excellence in e-commerce and Amazon seller coaching since 2002 with over 7,000 students served! Hundreds of our successful, happy students have been interviewed on our podcast!

 

ProvenAmazonCourse.com - the comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!

 

Ou recommended legal advisor - Jeff Schick's website JeffSchick.com

 

Keepa.com -https://get.keepa.com/ede41 - the service we use to help interpret all of the selling data. Keepa is discussed in depth on episode 369 at https://silentjim.com/podcast

 

PrepCenterNetwork.com - Need a hand in prepping inventory? We have a list of all known Amazon seller prep centers worldwide. If you know of a prep center that’s not listed, please let us know!

 

If you have any questions as a PAC student you should email Support@SilentSalesMachine.com

 

SilentJim.com/updates - get an alert on your smartphone each time we have a new podcast episode or free training event!