Ep.25 Amazon FBA Killer Mistake #1 - Broken Product Selection Process

Welcome back to the Sprint to Profit podcast. Today is the first episode in a series we’re calling, “Amazon FBA Killer Mistakes.” We’ve identified the 5 BIG MISTAKES - in fact we call them the FBA KILLER MISTAKES that we have seen Amazon sellers make time and time again (and we have made them too), and we wanted to create a series for you guys to understand these KILLER MISTAKES and more importantly give you the SOLUTIONS to those mistakes and also how to avoid them.

Today’s topic is all about fixing a broken product selection process. This is the cornerstone of your business so you need to make sure you have the right information so you can make the best decisions when you select your product.

If you liked what you heard today on the show, please make sure to hit the subscribe button so you can get updated when we post new episodes. Please share this episode with others who might get value out of it as well. We wish you the best for you and your business.

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.

Make sure to subscribe and tune in next week for part 2 of this 5 part series on how to Avoid and Overcome the 5 Amazon FBA Killer Mistakes for a highly profitable and SIMPLE business that fuels your lifestyle.

Talking Points:

• 00:22 - Hello and Welcome 
• 01:06 - Introduction to series
• 01:26 - Running out of money
• 03:06 - This series is for you if…
• 04:23 - Broken product selection process 
• 06:39 - Shift 1: Start with income not product
• 11:25 - Shift 2: Choose products based on Speed of ROI 
• 18:35 - Shift 3: Calculate marketing and launch costs before you order 
• 25:05 - Summary and Closing 
• 26:00 - Free Income Calculator

Resources/Links:

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

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

Quotes:

06:39 – “So shift number one is really about not thinking about what products you’re going to sell, you actually want to start with how much money you want to make. How much income do you actually want to make with this business.” – Kirsty 

04:10 – “Being aware of these FBA killer mistakes means that you can either restart or start the right way to make sure that you’re growing your business for your lifestyle goals.” - Isaac

01:42 – “The single most important thing in your business is not necessarily how much you’re going to sell, it's how much cashflow and income you’re going to make. .” - Kirsty

25:44 – “So remember guys - now that you have the solution to these mistakes - don’t make them!  It is your job to implement it into your business, and grow your business through action.” - Isaac