Ep. 81 Stop Flogging Dead Products - Why Your Time and Money Are Worth More Elsewhere

Welcome to the Sprint to Profit Podcast for Amazon Sellers. Have you chosen products that don’t bring back any cash to your business or to you personally, but you just can’t let those products go? Usually, sellers aren’t able to let go of these dead products because of emotional baggage they have attached to that product. But, these products aren’t our children. It is okay to let these products go. After all, there are plenty of reasons why products just don’t work out.

Today, we are talking about how and why you should drop these products and spend your time, energy, and money elsewhere.

To get some FREE training on what it takes to have a successful business to fuel your lifestyle, head to www.goteamreal.com to download our FREE training today. Also head to www.goteamreal.com/income to download your free INCOME calculator.

Talking Points:

• 00:23 - Hello and Welcome
• 01:00 - Introduction and the four key things
• 04:40 - How to identify a dud product
• 10:00 - Changing your mindset and what to do with that product
• 15:25 - How to stop choosing dud products in the future
• 20:31 - Focusing on products that will help your business grow
• 28:48 - Summary
• 29:14 - Conclusion

Resources/Links:

Episode 80 - “Planning Your Budgets Will Help You Know If You Have the Right Products to Successfully Sell on Amazon”: https://goteamreal.com/podcasts/ep-80-planning-your-budgets-will-help-you-know-if-you-have-the-right-products-to-successfully-sell-on-amazon/

Product Analyzer: https://goteamreal.com/productanalyzer

Money/Time Investment Tool: https://www.goteamreal.com/smartgoal

Our Website: https://www.goteamreal.com/

Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/

Quotes:

“You can’t treat your products like your children.” - Kirsty

“How much money are you willing to lose on this specific product before you’re willing to walk away from it?” - Kirsty

“This is a bit tricky, because the reality is that ANY product on Amazon can be a successful product if you have enough cash to pour into the launch and ongoing success of it and wait long enough to get your returns back.” - Isaac

“If you aren’t going to reorder it, then it’s dead already.” - Isaac