TAS 407: (Real Story) Growing from $20k to $400k in Less Than 12 Months by Changing Business Plan and Mind Set!

What does it take to get a growing and thriving ecommerce business off the ground and running? How do you know which products to pursue and where to drive your traffic? On this episode of The Amazing Seller, you’ll hear from Justin Wang as he joins Scott to discuss his success in building a business that produces upwards of $400,000 in product sales. Justin opens up about how he validates products, how he’s prepared to expand his business outside of Amazon sales, the importance of mindset, and so much more! You don’t want to miss out on this fascinating and helpful episode - don’t miss it!

Getting Started

How do you get started and build a successful ecommerce business? What is the first step? What do you need to have figured out and decided that will help the business grow? On this episode of The Amazing Seller, you’ll hear from business leader and entrepreneur Justin Wang as he shares how he started his ecommerce business. On of the key lessons that Justin wants to pass on to sellers like you is to make sure that you are prepared for the long haul. Don’t expect to strike it rich overnight, it takes time and patience to see a product take off and deliver the type of return that you need to make a profit. Learn more from Justin’s story by listening to this episode!

The 80/20 Rule

Do you know what the 80/20 rule is? How can that rule apply to your business and the efforts you are putting forth to find success? On this episode of The Amazing Seller, you’ll hear from business leader Justin Wang as he describes how he has the helpful truth of the 80/20 rule. The 80/20 rule basically states that twenty percent of your efforts will end up being really fruitful and if you plan your strategy in the right way, the eighty percent that didn’t have the high return on investment, won’t matter as much. It all comes down to understanding how your efforts will break and what to expect. If you’d like to hear more about the impact of the 80/20 rule and other helpful insights from Justin, make sure to catch this episode!

Driving Sales Exclusively Through Amazon

Is it wise to drive all of your ecommerce business sales through Amazon? How would you even begin to transition to a more diversified approach? Is it worth it to go outside of Amazon to expand your brand? On this episode of The Amazing Seller, you’ll hear from Justin as he opens up about why it’s important to expand your brand to other platforms. Justin is convinced that in order to maintain success and to see growth in your ecommerce business in the future, it is vital that you build a location for external traffic so you can sell your brand’s products without full depending on Amazon. Get more information on why you should start taking steps in this direction by listening to this episode!

Mindset Matters

Does the state of your mindset really matter when it comes to enjoying business and personal success in life? How do you cultivate and develop a healthy and winning mindset that will help you grow your business? On this episode of The Amazing Seller, you’ll hear from Scott and Justin as they go over why developing a healthy mindset is the KEY to success. The guys explain how they’ve developed a thriving mindset and why they believe sellers like you need to make sure you have a correct mindset if you expect to see growth. Don’t discount the impact of a healthy mindset - learn more on this episode!

OUTLINE OF THIS EPISODE OF THE AMAZING SELLER

• [0:03] Scott’s introduction to this episode of the podcast!
• [1:35] Scott reads an email from a TAS listener like you.
• [3:30] Justin Wang joins the podcast.
• [5:20] Justin tells his story, the cliff notes version.
• [17:00] How did Justin get started with his first product?
• [20:30] Scott and Justin talk about product validation.
• [32:00] How many products did it take to get things off the ground?
• [37:00] Should you drive all your business through Amazon?
• [48:00] How does Justin launch and drive sales for a product?
• [51:30] Justin talks about how to get started in ecommerce sales.

RESOURCES MENTIONED IN THIS EPISODE

• www.perrymarshall.com/8020-book
• www.alibaba.com
• www.shopify.com
• Headspace