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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Last Wall Comments

 
9
Claudia says at 22:23 et
Welcome guys to Sells Like Hotcakes LIVE Q&A SESSION! I'd be glad to answer all your questions. Lets rock!
 
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 David S says at 22:34 et
Hi guys! I am about to place the order with the factory, what is the difference between EXW and FOB?
 
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 Cyril says at 22:52 et
whats the pros and cons of selling your own product on shopify vs amazon??
 
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 liam says at 21:00 et
How do i handle returns in dropshipping method?
 
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Claudia says at 21:01 et
Great question Liam!

1. if the product is very cheap it's easier to just refund, absorb the cost and don't ask the customer to ship anything and wasting time with it.
2. if the item is very expensive them ask them to ship to virtual office address (which should have package forwarding features) that will redirect later the item to your dropshipper for replacement or refund.
3. monitor the quality and complains and switch dropshipper with high returns/refunds.
 
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 chris says at 21:03 et
Hi friends... Is "Pet Rock" a good product to sell? seems like an eaasy winner and super original.
 
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 Rob says at 21:03 et
pet rock.. hm.. Not really.. run the numbers on the Best Seller finder.. u see most sales are made by 2-3 sellers, others are struggling. It's also too cheap of a product, Average price of the product from top 10 sellers: $13.13 (Approximate FBA fees: $2.63)
 
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 ED says at 21:14 et
What do I do about state taxes? What's nexus?
 
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 jo says at 21:15 et
You are responsible for collecting and remitting sales tax to a jurisdiction if you have established substantial presence in the state of delivery. Once established, you have created nexus. The threshold for this presence differs from state to state and a company’s presence in each state should be examined to determine if nexus has been established or not. A company clearly has nexus if there is a business location in the state/jurisdiction. Once you establish nexus, you are required to register as a retailer with each state before collecting sales tax for that state. Check more here https://www.reddit.com/r/FulfillmentByAmazon/wiki/business_taxes_legal
 
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 Vlad says at 21:41 et
Any good freight forwarder to help me ship?
 
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 jo says at 21:42 et
@Vlad Try flexport..Full-service air and ocean freight forwarder providing visibility and control over your entire supply chain through software..
 
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Leslie says at 14:32 et
Thanks Diego. I did think of that. Easier to change niche than fight the crocodiles.
 
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TRI says at 01:24 et
Hai, I am obsessed with online business. I have bought some e-commerce affiliate software, that is completed with with Youtube video review for every product I added. The e-commerce is linking to social media. It covered three affiliate : Amazon, Ebay, and Ali express. Organic traffic is about 8,000 visitors in 3 months, but ZERO affiliate hit. No sales. Then yesterday I saw this system. Here claimed can get usd 45,000/month if we follow all the guide. My question, if we just started with Shopify, and we follow the guide, is it possible to get that number? By some posting I read, the contribution is more come from FBA instead of Shopify. Nice to meet you all here.
 
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 Lane says at 01:25 et
Glad to have you here. There are many shops on shopify that are doing much more than 45k, it's a pretty modest number but after couple of years you should be doing much more than that. just take your time to learn!
 
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 little_tiger says at 12:11 et
Btw great idea for you: customized license plate... build shopify store, then source from sites like buildasign.com Then promote via Facebook ads. Like PUGS licence plate for pug owners etc
 
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 Gautam says at 02:00 et
I used the Amazon best seller finder for a keyword. All the results sound encouraging. But I am confused with one of the messages, "Reviews: top 10 sellers have average 3757 reviews (At least 2 of 10 have 50 reviews or less. Recommended <150 reviews average)"
Does this indicate it's worthwhile? It says 3757, and recommended is less than 150. I am unable to interpret as the other results are great. Please help(and explain what they mean)!
 
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 jo says at 02:03 et
It means they have many reviews probably so it's a very popular niche most likely. If the all other numbers sound good i would not be concerned. I think you mentioned you sell oils? so maybe instead of general oils try more specific like "facial oils" or "massage oils" or "lavanda oils" so it's more nichey
 
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 Gautam says at 06:16 et
That's great.If the reviews are too less and the other numbers are right what's the course of action? Just curious.

Thank you for your suggestion on making the niche specific- very helpful!

Cheers.
 
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 Amelia says at 06:19 et
Dont worry about reviews so much, it's becoming less important after last year Amazon's review policy update.
 
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Sallyann says at 14:22 et
Hi there,
On my own I have set up my Shopify website with my domain, I have Oberlo and have imported lots of products and listed them, however, i am really not sure that they are worded right in the SEO way and I have been trying social marketing but still have no sales, I've been doing this for several weeks now. so I have just discovered Sells Like Hotcakes and thought that you may be able to help me with the marketing, the conversions and eventually with Amazon FBA is this something that you can do or because I have done most of the set up myself do you think I should continue on my own? I really am struggling to get past this rut where I have done everything I should do and no sales. Please help?

thanks in desperation!
Sallyann
 
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 Mike says at 14:24 et
Hi Sallyann, it's hard to suggest anything blindly. I suggest that you post your website here http://sellslikehotcakes.co/critics.php in critics and we can all give suggestions to you!
 
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Jay says at 04:06 et
is this course still up to date in regards to FB ads?
 
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 Mike says at 04:06 et
Yes of course!
 
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 Natalie says at 15:15 et
works great for me
 
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 Father says at 15:15 et
yes great tips there Jay!
 
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dilini says at 19:04 et
can I open USA shopify account? If yes what are the things I need? Thanks
 
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 Lane says at 19:07 et
You need to do your research. To open USA shopify account you will need VPN, some USA forwarding address. But to use USA payment systems you will need more work - US company and bank account. You might also partner with someone from USA.