5 key skills that will unlock the gates of success in your e-commerce business

Hello guys!

Let’s talk about success a bit today…

Because of its subjective nature, it is not easy to properly define success. However, we can simply say it is when you have accomplished goals or objectives that you have set out for yourself. To be successful in business, there are a bunch of things you need to factor in, some we have discussed extensively, but what we have full looked at is personal development; you attitude towards business.

The rules of engagement are roughly the same, whether you are into e-commerce or real estate. They are certain attributes you need to possess to be successful. What are these skills/attributes that propel people to business success and how can you develop them?

Let’s find out now, shall we?

  •  Building a positive environment: success is usually dependent on environment. Where and how you spend much of your time will determine if you succeed, how you address failure, and how much of your goals you are able to accomplish. Environment not only means your physical environment, your mental space must also be tuned towards optimism. It has been proven time and time again that you are much more likely to succeed in an endeavor if you exhibit confidence and optimism towards that endeavor. Surround yourself with people that will encourage you and motivate you to success.

 

  • Attitude towards failure: From our childhood days, we have been long conditioned to fear failure, every child dreads the “F” on his result sheet. Our schools and parents have made us fear failure subconsciously, this childish fear of failure has not eroded over the years, and many of us still carry this fear into business, this can be really detrimental towards our success. Fear puts a pause on action, makes us stagnant and afraid to take decisions. I am encouraging you to adopt a new perspective and see failure from a different angle. Begin to see failure as an opportunity to learn and improve. Every time you fail, see it as a chance to learn something new and further evolve. The famous inventor Thomas Edison failed a whopping 1,000 times when he was attempting to invent the electric bulb, but his persistence enabled him to succeed!
  • Let actions speak louder than words: Talking about success is the easy part. Heck! Talking is always the easy part, and as an entrepreneur it is often very easy to talk about your goals and what you want to achieve, but the main crux of the issue is actually doing something. So the next time you tell yourself or others that you want to achieve something, ensure that you back up those words with action. Practice what you preach, and your pockets will thank you at the end of the month!
  • Effective communication: In business, communication is everything, more so in the e-commerce world; you have to know how to communicate with clients, potential clients, your factory people, agents etc. Excellent communication skills are a must if you are to be successful. If you are not happy with the way your factory handled your products or you would like to make certain modifications , you should be able to dish out constructive criticism or a well-detailed instructions in the case of modifications. You should have that allure that draws makes customers keep coming back. A lot of people patronize a particular store not because of the prices (the prices may be rocket high!), but because of how the store owners treat them.
  • Commitment to goals: Another universal attribute of successful entrepreneurs is the ability to set goals and commit to them wholeheartedly without wavering or giving up. After setting your goals, you must make up your mind that regardless of the obstacles that you face, that you will stick to these goals and see it through. Remember how we defined success earlier? As achievement of your goals… Well, if you don’t stay committed to your goals, there is no way you are going to accomplish anything.

Today, I encourage you to start developing yourself in these areas, and begin to see improvement and success in all areas of your business!

Have a great weekend!

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Last Wall Comments

 
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 Papa says at 21:37 et
Hi guys.. Would love to know if you use paypal checkout in your shopify store, or any other checkouts in addition shopify?
 
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 chris says at 21:38 et
Paypal accounts for about 45% of our sales. I'd say 20% of conversations are coming from Amazon. Also add Stripe and they'll have a much more straightforward guest checkout with credit card.
 
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 Victor says at 21:38 et
Stripe is a way to go!
 
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 Natalie says at 22:32 et
Today's marks the 5th product launch on Amazon. First product failed completely. Second was ok (4 units per day), 3rd was a flop. 4th was 20 units per day (I think i strike the gold here). Looking for a new one! So far I am making around $700 per day and looking to grow more! this stuff WORKS!
 
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 Tycoon says at 22:33 et
Congrats Natalie. Inspiring stuff! Keep up great work!!!
 
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 jack says at 22:33 et
Thank you for sharing with us!!!
 
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 Chris says at 22:34 et
So true.. i don't always win but when i do I win superbowl!
 
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 Father says at 23:25 et
When running a promotion, what is the recommended discount for the sale to count as a verified review and feed the amz algorithm?
 
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 Emili says at 23:27 et
Amazon does not reveal exact cutoff data for "verified" vs "unverified". some people say it's 50% but it's a wild guess. It does not matter really. Don't overthink it Father.
 
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 Emili says at 23:27 et
I give minimum of 80% off. Keeps buyers happy and many reviews coming (WITHOUT asking even with new policies all ok).
 
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 Caleb says at 00:54 et
Very excited to meet many of you guys at Traffic and Conversion summit in san diego!! You are crushing it!
 
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 Samuel says at 00:55 et
TLC2017 rocks.. rian dies and perry belcher on fire. By the way Perry is also doing sourcing from CHINA! this topic is on FIRE !!! he is doing 20 million with his strategic knife sales this year and expanding.
 
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 Ted says at 00:56 et
True, ecommerce is growing really fast. It's a golden time to start!
 
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Xuan says at 13:08 et
Hi I'm newbie here :)! 3 days I run camp ads fb but not effective
. I till not have first sale for me :(. I don't have direction right for me? How do you make the first sale?
 
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 Theo says at 13:09 et
hi Xuan, it depends on many factors. what is your store? what product you sell? what ads you run? You might want to submit your project to Critics here http://sellslikehotcakes.co/critics.php and everyone will help brainstorming it.
 
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Sathaporn says at 14:57 et
I watch 2 times videos and just got my first Shopify store installed by following your videos and now adding some apps to store like you suggested. Great stuff. But I'm still don't added a product I needs to setup anything first!!
 
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 Jonas says at 14:57 et
Great stuff Satha! keep going!!!
 
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 DTDenis says at 18:00 et
Sure you can set products via OBERLO app!
 
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florea says at 05:31 et
thank you
 
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wade says at 17:44 et
Just about ready to go here ..... I am getting my logo done and plan on going live this weekend.

If I find the nerve look for me to be criticized official like on the critics page :)
 
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 Evan says at 17:44 et
Of course do! We'd love to post some thoughts and feedback! And Good luck!
 
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 Mike says at 15:15 et
Another great idea what sells $100 NET? Check out here http://sellslikehotcakes.co/blog/index.php/2017/10/24/another-great-idea-sells/
 
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sol says at 07:45 et
a succesful PL brand however i would like to know which tools are the most valuble in hereis it the bullet point tool,? someone please share
 
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 Emili says at 07:45 et
Welcome sol.. depends what are you trying to achieve and improve?
 
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JADA says at 10:21 et
Hi there, I'm new here. I wanna launch a new product. I'm going to ask a few friends to get the product and make review with 5 star. How many reviews should I get at the launch in that way?. 15 is too much at the start?
 
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 Mike says at 10:23 et
Welcome Jada.. Please see the course video about getting reviews. Amazon will most likely remove most of your friends reviews as it's against their TOS.
 
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JAMES says at 15:00 et
Greetings !!! Glad to be here! I need guidance--i am a true Newbie!!! Please help--do i just start by watching these videos???
 
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 Mike says at 15:01 et
Yes please. Welcome James!
 
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A says at 04:51 et
Hi,
I have finished watching the video about "incorporation and taxes" but I'm lost. If I understood correctly the suggested way to open a seller central account is as a professional.
-What do I need to open a professional account?
-Do I need a LLC? bank account? address??
Can someone explain ---> my situation will be "Rest of the world selling in the US"
Thank you!
 
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 jo says at 04:52 et
You need an LLC, Bank account and a credit card. Yes your company does not have to be from USA even if you plan to sell in USA