Built by Business with Andy Isom

#412 - Past sales are a poor predictor of future sales


Listen Later

In this episode, I share a critical lesson we learned the hard way—why relying solely on past sales data to forecast inventory for seasonal products can be a big mistake.

For the first three years of our brand, we experienced consistent growth, fueled by marketing, new SKUs, and the surge in demand during COVID. But what we didn’t account for was the actual market demand beyond our own sales numbers.

I break down the risks of over-relying on historical data, how we adjusted our approach, and what you can do to avoid the same mistake.

 

➡️ All my resources: https://www.andyisom.com/

...more
View all episodesView all episodes
Download on the App Store

Built by Business with Andy IsomBy Andy Isom

  • 5
  • 5
  • 5
  • 5
  • 5

5

767 ratings


More shows like Built by Business with Andy Isom

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

223,654 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,163 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,845 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

6,547 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,044 Listeners

Serious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart by Helium 10

Serious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart

523 Listeners

Dateline NBC by NBC News

Dateline NBC

47,909 Listeners

The Smartest Amazon Seller by SmartScout

The Smartest Amazon Seller

148 Listeners

Morning Brew Daily by Morning Brew

Morning Brew Daily

2,936 Listeners

Amazon Seller School, How to Sell on Amazon by Todd Welch

Amazon Seller School, How to Sell on Amazon

39 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

8,773 Listeners

SmartLess by Jason Bateman, Sean Hayes, Will Arnett

SmartLess

57,732 Listeners

The Amazon Private Label Show by FBA University

The Amazon Private Label Show

28 Listeners

The Jefferson Fisher Podcast by Civility Media

The Jefferson Fisher Podcast

7,616 Listeners