Hello guys!
It’s another month again! I hope you’re having a great weekend.
Today, let’s look at launching your business, what are the factors to consider before starting anything. The funny thing is, launching a rocket is awfully similar to starting a business, although the technical variables may be different, the fundamental prerequisites are pretty much the same. So, what do you need before getting on board the e-commerce business shuttle?
Thinking up ideas
It is often said that ideas run the world. This happens to be a fact and not just a trivial proclamation. Generating ideas may sound simple, but it comes to actually doing it, it usually isn’t as simple as it seems. When brainstorming, always think; what can I sell that’ll make me successful? What is the latest trend in my niche? How can I tweak my products to make them unique and different? What kind of incentives can I offer customers that’ll separate me from the pack? These questions will help you in cataloging your ideas and implementing them in your e-commerce business better.
Planning & Research
Turning an idea into a successful business requires a lot of planning and research. You need to ensure everything is in order in terms of finances, business structure, legal aspects, etc. Regarding this; it wouldn’t hurt to have a well-drafted business plan. Research is required in understanding the market and the types of clients you will be dealing with. Ask questions, look up products you’re interested in, see what the competition in your niche is doing, analyses their market strategies and see what you can take from there… Research, research, research!
When it comes to the technicalities of analyzing the market and your competitors, we teach it like no other; utilizing severals tools and tricks to specifically accomplish this purpose. For more on this feel free to check out the sells like hot cakes competitor spy tool here
The “I Will” Mentality
A lot of “wanna-be entrepreneurs” often shoot themselves in the foot by having a lackadaisical attitude towards their business. They cower in the face of the smallest obstacle. Dare to be different! Challenges will always show up here and there, it is your attitude towards them that’ll determine your triumph or failure.
Hard Work
It is not enough to have ideas, make plans and research; you need to put in the work to actually get these things done. It is your business after all, so you must be ready to work for it. Throw away the garment of laziness and complacency and put on the garment of hard work and resilience. Whatever is worth doing is worth doing well.
So guys, if you are able to get these three things in place, implementation would be so easy and that will put in the crosshairs of success…
Launching your business may involve a number of technicalities; we explain things better in our video course, giving you a FULL PROOF formula you can use.
Check it out here.
Go watch and learn
Until next time
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Last Wall Comments
Expensive = harder to sell but more profit
- virtual address
- phone number in US
- forwarding service (to forward returns)
- hire virtual assistant to proofread your english if you struggle with english. (on fiverr for $5)
- put trust seals
- be clear about delivery time
- provide great tracking and good customer service to keep customers happy
paying just for clicks to cold traffic with no community just does not work, no matter how hard you work or how much you test! So my advice is first build a facebook community before paying for facebook ads. there is some great video about it in the sells like hot cakes course in the end of the shopify mastery.
I just returned back from China trip, that was such an amazing and eye opening experience to see REAL China, to break stereotypes, to meet my chinese partners, sourcing agents.
I had a great opportunity to get in depth insights into Chinese whitelabelling business, I even visited and FILMED several factories for you! So you will see my journey and hopefully follow and take action as well, starting your own successful business in China!
We also had a chance to visit Canton fair, the biggest industrial fair in the world with over 45000 factories showing their newest products to potential FBA sellers from all over the world! We filmed it too to give you real life insights on how we choose the product and what questions we ask!
It will take me couple of months to cut all material and prepare the videos, but once ready, you will be first to receive them! Stay tuned and enjoy our course! Remember I do it in my spare time from selling, as doing course does not really bring me any money with such a low price, so my main profit only comes from selling itself, that's why I'm little slow on cutting the videos so bear with me :)
Thank you again for leaving your reviews for the course, it really helps me a lot spread the word and inspire me keep going and share this exciting material with you to help you succeed on Amazon and shopify!
Mike
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My name is Serhii Nediak and I'm from Ukraine! I looked at all videos concerning Amazon FBA and now trying to understand all phases of launching process of new product more deep to calculate approximately the amount of funds needed. I even looked at couple products: since I'm fitness coach I'm interested in supplements niche. That is why I will annoy you a lot in the nearest future with all the questions, sorry for that))).
And the first one is: as I've already mentioned I'm from Ukraine, Ukraine is among countries eligible to work on Amazon, to work on Amazon I will need to open professional account, so I will need to open a company and finally the question - where would be better to open a company, in Ukraine, in USA (if this possible) or maybe in offshore zone and what kind of a company it should be?
Will be glad to hear from you, maybe you know any kind of services that can help me with this.