Double-Check How Your Product Looks and Works l Anatoliy Labinskiy

Anatoliy Labinskiy's Worst Investment Ever:
When Anatoliy and his partner decided to scale their e-commerce shoe business, they paid a supplier in China $250,000 upfront and let him handle everything. The supplier sent customers low-quality shoes and eventually stopped shipping products despite having large orders. The partners had to refund customers and lost all the money they’d paid the supplier.

BIO: Anatoliy Labinskiy is an entrepreneur, eCommerce expert, and a holder of 4-time Two Comma Club awards. He is the founder of GSM Growth, an agency that helps e-commerce entrepreneurs achieve a new level of growth in their businesses.

LEARNING: Double-check with your supplier how the product looks and works before scaling your sales. Think about how you’ll control your inventory once you scale your sales. Start slow.

“When you start scaling your business, even when you start just seeing a couple of sales here and there, ask your supplier to send you pictures and videos of the product in the warehouse.” - Anatoliy Labinskiy

???? Resources: https://myworstinvestmentever.com/ep754-anatoliy-labinskiy-double-check-how-your-product-looks-and-works/

My Worst Investment Ever podcast:
In this podcast, Andrew Stotz talks to expert guests such as Raoul Pal, Lou Adler, Christopher Mayer, Danielle DiMartino Booth, Ranveer Brar, Morgan Housel, David Barnett, J Money, Mark Moss, Patrice Washington, Ed Latimore, Robert Paylor, Shana Sissel, Stephen Kalayjian, Tony Fish, Bracken Darrell, and Natali Morris.

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???? Podcast on Apple: https://podcasts.apple.com/us/podcast/my-worst-investment-ever-podcast/id1416554991?mt=2

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I am not a CPA, attorney, or financial advisor, and the information in this video shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit.
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