Are These Bad Habits Ruining your E-commerce Business?

Hello!

It’s another great week again.

Today, let us look at bad habits preventing you from succeeding. Habits are routine behaviors which are repeated continuously. They usually have a bad connotation to them. Although there can be good and bad habits; we will look at the bad stuff first 🙂 As an entrepreneur and an individual, certain habits make up our personality and consequently these routines can affect our business, relationships and personal lives. Everyone wants to succeed, but this isn’t always the case. An accumulation of decisions and poor habits which aren’t corrected are to blame. Let’s look at some of the bad habits that can inhibit success when it comes to the e-commerce business.

1. Failure to Create Business Policy and Strategy

Going into anything without a plan is a terrible idea! This is just an offspring of another terrible habit –laziness. The policy and strategy of your business is one important ingredient for success. This is the reason we suggest you write a good business plan; no matter how small you think your business is, it wouldn’t hurt to do a bit of strategy and planning. A business plan is a helpful roadmap to track the progress of your business and swiftly identify deficiencies. This is truly necessary if you intend to scale your business and grow. Failure to create a well thought-out business strategy/plan is the perfect recipe for disaster.

 2. Scattered Concentration

In the e-commerce business, there are a plethora of things one needs to have in mind, for the smooth running of your business.  This may cause you to scatter your energy in different directions and end up not achieving much. It is the sole reason why we insist you learn how to prioritize and put your biggest needs first, or else you will end up not gaining any important ground in any area.  There’s a reason they say “the Jack of all trades is the master of none.”

 3. Overconcentration

You may also be plagued with the issue of concentrating too much on only one problem to the detriment of other areas of your business. It is the opposite of our previous point, and it isn’t good as well. You should be able to strike a balance in your business, so that all areas are well handled, ensuring you avoid deficiencies.

4. Dishonesty

You must ensure your e-commerce business is centered on the values of integrity and trust. In the bid to impress potential customers, a lot of sellers often fall into the bad habit of over-promising and lying to the customers; your dishonesty will only lead to mistrust and you are guaranteed those buyers won’t be coming back! Commit your resources to the goal of keeping your promises to your customers and retaining your integrity. This will attract more buyers to your brand and keep your existing customers loyal. Be honest with yourself and your customers about your services and products.

The faster you detect and stop these issues, the greater the possibility of you being able to drive your business to your dream destination of success and profits. I hope this helps you revaluate your e-commerce business this week so that you can position yourself for better results.

A lot of great things are still happening on the WALL. For specific advice, tips and tricks for your Amazon and Shopify business, sign up and roll with the experts on our GREAT WALL here.

Have a great week ahead!

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