Hey guys!
My motivational quote for the week: "I never lose, I win or I learn" As always, explanation in the episode!
I'm coming at you from Vegas and in this episode I go into the details of some of the key lessons I learned as I made my way up to $50k in revenue per month and also some news on fake reviews and more million dollar sellers than ever!
1. I thought I could do way more than I did. I am super ambitious but can admit that trying to launch 7 products in Q4 was beyond me and I should have tried it... which leads me to...
2. I should have got a mentor immediately. Had I done so, I would have been protected from my own stupidity and done a lot better (though the lessons are valuable)
3. Must learn to push through the hard times. At one point I was paying $4.5k per month in loan and card repayments with 0 sales. This was a tough time and I am blessed that I have a full time job that can support this level of risk taking!
4. Cash flow is EVERYTHING! Again, another HUGE lesson that I’ve spoken about at summits and is critical to understand before you think that you can launch (and then keep in stock) 7 successful products with about $80k. Newsflash, you can’t, at least not with the products I was going after!
5. Staying in stock is a challenge!
I also made it onto the Follow The Data podcast with Viral Launch so have Casey Gauss and Cameron Yoder talking to me about what it's like working full time and running an Amazon business! Check it out here!
Talk next week!