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Episode 107: 11 Mistakes That Make Your Amazon Business Fail
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Avoiding common Amazon seller mistakes can be the difference between success and failure in your business. In this video, I break down 11 critical mistakes that many sellers make, especially in Arbitrage and Wholesale—and how to avoid them.
From only selling clearance products to falling for fake wholesale suppliers, these pitfalls can cost you time, money, and even your account! Whether you're just starting or looking to scale, this guide will help you stay profitable and protected on Amazon.
Amazon sellers and eCommerce entrepreneurs over $5k per month in sales:
If you're ready to scale your Amazon business to new heights, APPLY HERE to join the Business Building Legends community: https://www.askjimmysmith.com/legends
Not there yet?
If you're just starting out or earning less than $5,000 per month on Amazon, YOU are why I make all my best resources FREE. I have nothing to sell you. Access my FREE 30-day training and other tools here: https://www.askjimmysmith.com/freetraining
Chapters :
0:00 - Introduction: Why Amazon Businesses Fail
0:29 - Who I Am & Why I Made This Video
0:56 - Mistake #1: Only Selling Clearance Products
2:16 - Mistake #2: Buying from Marshalls, Ross, TJ Maxx, etc.
4:05 - Mistake #3: Jumping into Private Label Too Soon
5:26 - Mistake #4: Going Too Deep on a Single Brand
7:15 - Mistake #5: Selling Liquidation or Thrifted Items as "New"
8:33 - Mistake #6: Trying to Build Your Amazon Business Alone
11:06 - Mistake #7: Fake Wholesale Suppliers & Done-For-You Services
13:47 - Mistake #8: Falling for Amazon Dropshipping Scams
14:36 - Mistake #9: Not Saving & Tracking Product Leads
16:31 - Mistake #10: Buying Too Much Software Too Soon
18:10 - Mistake #11: Holding Onto Bad Inventory (Emotional Attachment)
20:50 - Final Thoughts & Next Steps for Success
Other eCommerce Training and Business Building Links:
Free Amazon Facebook Group:
The Proven Amazon Course:
eBay Training Community:
https://treasurehuntingprofits.com
Amazon Coaching (affiliate):
https://bit.ly/jimcockrumcoaching
eCommerce Accounting Services:
https://ecommerceaccountingllc.com
Replen Dashboard:
https://www.replendashboard.com
Affiliates and Discount Links:
Aura Repricer:
Helium10 (Discounts):
Disclaimer:
While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me can guarantee your results!
#AmazonFBA #AmazonSeller #Ecommerce #AmazonBusiness #FBA #OnlineSelling #AmazonTips #SideHustle #Entrepreneurship #PassiveIncome
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