521: [Part 1] 5 Common Small Business Mistakes We Made Early On With Our Online Store by Steve Chou of MyWifeQuitHerJob
Optimal Work Daily - Career, Productivity and Entrepreneurship
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Small Business Mistakes That Steadily Stun Your Growth
Early on, we tried to maximize profit by going with the cheapest chinese vender. We didn't factor in the cost of import and customs duties in our cost of goods calculations. If you're getting a price quote that seems abnormally low, it usually means that the vendor is cutting corners. Don't fall into the same trap as we did. Low prices always come with a catch.
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