#346: Want some failure stories? There are only three ways to fail selling on Amazon

Silent Sales Machine Radio

Jim Cockrum

Onlineincome, Ecommerce, Business, Fba, Entrepreneur, Entrepreneurship, Provenamazoncourse, Careers, Amazon

4.8 • 805 Ratings

🗓️ 11 March 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There are only a few ways to fail when building a business on Amazon. Today I identify them and tell you how to avoid them. Of all the ecommerce podcasts available in the world, I'm unaware of any other show that follows our format where we parade story after story of our own in house successful students who are building amazing businesses. The team and I take great pride in each success story, but we are fully aware that all businesses struggle at times and many businesses fail! These struggles are shared openly every day in our community. Some have requested that we share more "failure stories" and "struggle stories", so in response I made this episode. Here's my list of the potential missteps that can truly ruin your chances of succeeding on Amazon. Every failure story has one or more of these factors in play. These are the factors that are fully in your control, and you must pay attention to each of them. In doing so, you are on the path to Amazon success!

My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam

100% FREE! Join 62,000 + 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

Proven Amazon Course -

https://ProvenAmazonCourse.com - Our best selling course for anyone any experience level of seller (newbie to pro). This course has every module we teach included.

https://JimCockrumCoaching.com - Our coaching program for anyone who wants one of our successful students (that's who our coaches are) to work with them one-on-one to help build a great business.

Keepa.com - https://get.keepa.com/ede41 -The service we use to help interpret all of the selling data

Never miss a new episode! Free alerts on your smartphone: SilentJim.com/updates

[email protected] - contact us if you have questions!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, this is Jim.
0:02.9	Welcome to Silent Sales Machine Radio.
0:05.3	Today, it is just me, so there's no YouTube video accompanying this episode today.
0:10.9	It's audio only, so enjoy.
0:13.6	This is one of those episodes that you can definitely do while you're thinking and driving, for example,
0:18.5	which we highly encourage on this program. So today we're going
0:22.8	to talk about the three ways that you can fail on Amazon. There's only three. If you think of
0:30.9	another one, please let me know. But these are kind of universal rules, actually. And this episode's prompted because some of the pushback that we get, for example, in our Facebook groups sometimes is, and we get the same pushback about this podcast, actually.
0:47.3	People will come in, and typically they've been around for a short time when they push back in this way.
0:51.9	You know, they've been around our group for a week or so, and they say, okay, I see all these success stories, literally hundreds, recent success stories, posted candidly in our Facebook group.
1:03.2	These are real people.
1:04.1	You can interact with them.
1:05.1	You can ask them questions.
1:06.7	You can even kind of come in grumpy with your arms crossed and go, but what's your ROI?
1:10.7	But what's your margin? but what's your net? Well, actually, if you scroll up, that was already
1:15.4	asked and answered because we always ask that question as well. You know, $100,000 in sales,
1:20.0	not all that impressive until you know what was the net, what was the take home. So we always push
1:24.2	for that information as well. Every podcast episode, every time we have a success story testimonial,
1:29.3	the person who posts it's going to get asked about 15 times, if not more, from the community,
1:35.3	people saying, but what's your net profit?
1:37.3	Well, that was actually already asked if you scroll up, because we emphasize making sure that we're very transparent in that manner.
1:43.3	But that's not the pushback I'm talking about.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jim Cockrum, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jim Cockrum and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.