#566 Top 10 pitfalls new & experienced Ecommerce sellers fall into - Part 1
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 4 January 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
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
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In part 2 (episode #567) 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!
Transcript
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| 0:00.0 | Hey, business building warrior. This is Jim. Welcome to Silent Sales Machine Radio. |
| 0:06.7 | We're going to talk about the most common pitfalls that derail e-commerce and Amazon sellers. |
| 0:12.9 | I'm qualified uniquely to talk about this subject because we've watched thousands of students come through our community. |
| 0:20.5 | I see what derails and throws off so many students, and they fit neatly into a good handful of categories. |
| 0:30.5 | And I'm going to make this a two-part episode so that it's not overwhelming and long because I have a lot to share on this subject. |
| 0:36.7 | So if you're listening to this |
| 0:38.0 | episode currently, please know there is a part two and it will be within three episodes or so |
| 0:45.5 | of this episode, which is part one of, we're calling it the top ten pitfalls. This is the top 10 mistakes that we see made around here |
| 0:57.3 | with experienced sellers and new sellers alike. And there's also a couple bonus pitfalls I'm going |
| 1:03.9 | to share with you for a total of about 12 different things to be aware of. But we're calling this a top |
| 1:07.9 | 10 pitfalls. And this is part one of the two-part presentation. |
| 1:13.4 | So I'm going to start off by just reading quickly through the list I have for you, and none of |
| 1:19.1 | these should be brand new to you if you've been around a while. You may have even heard me |
| 1:23.7 | mentioned some of these on recent podcast episodes, but I think it's nice just to get them |
| 1:28.4 | all collected, up to date, and documented in one place where you can easily reference them. |
| 1:32.9 | And this is one of those episodes that you'll be doing someone a huge favor if you send |
| 1:37.6 | them this list and say, hey, think this through. Are you making any of these mistakes before |
| 1:43.6 | you get into e-commerce or building a business online? Do you making any of these mistakes before you get into e-commerce or |
| 1:44.9 | building a business online? Do you have any of these thoughts in your head? Are you considering |
| 1:49.6 | doing any of these strategies? It will be a huge service that you play for whoever you send this |
| 1:57.0 | episode too. They'll thank you for it. And again, this isn't just Jim opinion list. |
| 2:03.6 | This is our team having served for 18, 19 years now as e-commerce coaches. We've got 60 coaches on |
... |
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