Making assumptions can really cost your FBA business time and money. Typically assumptions come from incomplete information – sometimes those assumptions can turn out to be correct, but all too often they can be incorrect and we end up losing out big time.
On today’s episode we’re going to cover several common incorrect assumptions that happen in the course of running an Amazon FBA business and how you can avoid those assumptions and their profit-stealing effects.
Listen on the podcast player below.
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Key points from Episode 232:
Incorrect assumptions typically come from incomplete information, so there is a simple solution to correct those assumptions – more information.- Costly Assumption #1: “Amazon is saturated with too many sellers.”
- Costly Assumption #2: “There is no way this product will sell for a profit.”
- Costly Assumption #3: “This store (or category or aisle) will never have anything profitable for me to sell on Amazon.”
- Costly Assumption #4: “This item is definitely restricted for me to sell.”
- Listen to the end to hear a quick 3-step exercise you can use to work through your own specific incorrect assumptions about your Amazon FBA business.
Links and resources mentioned in this episode:
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THE FULL-TIME FBA
COACHING PROGRAM
Selling on Amazon might sound easy… but it’s not. Too many Amazon reseller “gurus” will try to get you to fall for an Amazon reseller “get rich quick” scheme, but we’re here to tell you the truth:
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That’s why you’re invited to join our 12-month long Full-Time FBA Coaching Program. No matter if you’re brand new to selling on Amazon or if you have a few years of experience, our coaching program will take you from where you are to making a full-time income in about 12-months.
We’ve been coaching sellers like you for over a decade and have found what it takes to help you make that full-time income dream into a reality. Find out more about The Full-Time FBA Coaching Program (including how to set up a Connect Call with me to ask your specific questions about the program).
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