Our Mistakes as Rookie Sellers Revealed - Part 2

Episode Description

Welcome back to the two-part special about mistakes Ali & Zamir have made during their 20 years of selling on Amazon.

This episode contains five common mistakes that a lot of new sellers make when starting out - the importance of buying your own barcodes, the risks associated with discount voucher codes, the necessity of understanding the cost of goods sold, the importance of trademarks, and the pros and cons of the Amazon Launchpad program. Each topic is explored in depth, providing valuable insights for new and experienced sellers alike.

Remember - Ali & Zamir have made the mistakes so you don’t have to!

Key Takeaways:

• Always purchase your barcodes from GS1 and trademark your brand to avoid legal and operational complications.

• Understanding your cost of goods sold and knowing your numbers are vital for effective pricing, profitability, and long-term business survival.

• Be cautious with discount voucher codes, as they can become public and result in significant losses. Always consider the long-term consequences of using discounts.

• Proper planning can help you avoid costly mistakes like re-labeling or stock issues. Evaluate programs like Amazon Launchpad carefully before committing.

• Check for existing trademarks before launching a new product to avoid legal disputes and unforeseen challenges.

• Many costly errors in online selling can be avoided through careful research, strategic planning, and a proactive approach.

For more strategies for managing Amazon FBA stock, balancing storage fees, and optimising visibility to boost sales and profitability, get in touch.