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Episode 1844:
Steve Chou reveals the costly lessons learned from building his first online store, emphasizing how frugality and cutting corners can hinder growth. He shares how choosing the cheapest vendors and misjudging product costs led to lost time, lower profits, and wasted effort, valuable insights for any entrepreneur aiming to scale smarter, not cheaper.
Read along with the original article(s) here: https://mywifequitherjob.com/top-5-mistakes-we-made-early-on-with-our-online-store/
Quotes to ponder:
"Low prices always come with a catch."
"If you are getting a price quote that seems abnormally low, it usually means that the vendor is cutting corners somehow."
"We easily squandered more time and money than we were saving."
Episode references:
The Sellers Summit: https://sellerssummit.com
Bumblebee Linens: https://bumblebeelinens.com
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