Dec 31, 2018
We can learn a lot from the failures of big box retailers like Toys ‘R’ Us. They demonstrate just how easy it is to run into trouble or go out of business. Over the last seven years, there has been a trend of big box retailers going out of business. It is undeniable that shopping is making a shift - and falling behind the current trends could lead to disaster.
If you are not an expert of the product lines or categories that
you sell in your Amazon business, then it is easier than ever to
follow the path of retailers that have fallen along the
wayside.
So today we take a look at the big box retailers that have failed
and the lessons every Amazon business owner can learn from their
mistakes. We highlight why and how you can keep up with the
consumer shopping changes and how your Amazon business can stay
relevant. We share our thoughts on staying competitive, moving with
the times, knowing your numbers, taking small steps, and the
importance of having a niche as well as how becoming complacent in
your business can set you on the downward spiral leading to
failure.
“It’s not just looking at the here and now. It’s looking at what the potential is for the future.” - Amy Feierman
This week on the Amazon Files:
5 Lessons You Can Learn From the Failure of Big Box Retailers:
Resources:
The Confident Wholesale Bundlers Workshop Comes to a City Near You!
Are you ready to take your Amazon business to the next level? Want to meet other amazing Amazon sellers while gaining a fresh perspective and developing an action plan?
Join us for the 2019 Confident Wholesale Bundlers Workshop!
Unlock the skills and strategies you need to consistently make successful bundleson Amazon. At the Confident Wholesale Bundlers Workshop, you’ll receive hands-on trainingon:
To reserve your spot at the 2019 Confident Wholesale Bundlers Workshop - or request VIP Exclusive Access- visit: MommyIncome.com/2019Workshop
Grow Your Amazon Business!
Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Use the codeword Seven Oneto join us on Facebook. Each week we host a live discussion on how to grow your Amazon business. Don’t forget to check out our website and subscribe to our mailing listfor even more resources.