Ep.68 How to Be a REAL CEO in Your Amazon Business Part 8 - Make quick decisions based on research

Welcome to the Sprint to Profit Podcast for Amazon Sellers. This is the 8th part of our continuing series about becoming a REAL CEO of your Amazon business. Today we’re gonna talk about how to stop the indecision that causes delays in your business. This indecision can create a stagnation and decline in growth. Remember that the goal of any business is to grow and do so quicker rather than more slowly.

Most Amazon sellers will get what is known as “analysis paralysis” at some point in their business, because they don’t know what is available to help guide their decisions, nor do they think they are good enough or smart enough to make the right decision for their business. Today’s episode will help you become more confident because when you know what actions to take, repeat important processes, and gain experience, you will have the foundation for confidence.

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
• 02:55 - A technique to help alleviate mental gymnastics
• 05:00 - Preview of topic points
• 06:06 - What data to look at to make key decisions
• 13:00 - How to know if the data is good enough to move forward
• 16:44 - How to stop yourself from… stopping yourself
• 23:19 - How to finally start making confident decisions going forward
• 29:24 - Summary
• 30:00 - Conclusion

Resources/Links:

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:

14:30 - “When you’re making a decision, you want 70% confidence in the data.” - Kirsty

22:52 - “Reviewing and repeated learning with help make you more confident because you’re going to get more data back and then you can tweak things.” - Kirsty

00:41 - “Most Amazon sellers will get what is known as “analysis paralysis” at some point in their business, because they just don’t know what is there to guide their decisions. And even if they do, they are not confident that THEY are good enough to actually make the right decision.” - Isaac

08:06 - “It’s not about how much money that product makes per sale. It’s about how much money that product makes month after month, year after year.” - Isaac