shot-button
Subscription Subscription
Home > News > India News > Article > The Formula of Success By E Commerce Tycoon Nick Mocuta

The Formula of Success By E-Commerce Tycoon Nick Mocuta

Updated on: 18 July,2020 07:49 PM IST  | 
Partnered Content |

Here are his top tips on succeeding in the e-Commerce industry as an Amazon seller and making sure the business you are about to start flourishes and stays

The Formula of Success By E-Commerce Tycoon Nick Mocuta

Nick Mocuta arrived in America replete with enthusiasm and an insatiable hunger to achieve greatness. He initially struggled to acclimate to American culture and way of life however soon accumulated massive success through the platform of e-Commerce.


Here are his top tips on succeeding in the e-Commerce industry as an Amazon seller and making sure the business you are about to start flourishes and stays!


1. Never Stop Learning


When you embark on this gruelling journey, you will find yourself overwhelmed with the amount of knowledge you must imbibe before you practically start working. Sometimes you learn through researching and other times you learn from your mistakes. You may even find yourself falling prey to imposter syndrome or simply put “fake it till you make it” however do not lose hope, keep learning and soon you’ll find yourself on top of your game.

2. Don't Forget the Past, Live In Present But Think Ahead Of The Future

If we want to go ahead we must let go of the past that is holding us back however we must also acknowledge and reward ourselves for all that we have achieved as well. It will boost our morale and propel us to achieve more.

Once you have done the mentioned activity, write down the goals that you wish to achieve in the following year. It will keep your mind from constantly thinking about them and will serve as a source of accountability, should you think of giving up.

3. Build An Organised Inventory

Having a chaotic inventory is a seller’s worst nightmare. Protect yourself from wallowing in despair and misery later and invest in a satisfactory inventory management system. Moreover, to avoid having to pay high long-term fees because of carrying too much or losing customers because of running out of products, develop smart strategies to achieve the sweet spot of balance.

4. Manage Your Accounts Well

If you are unaware of your accounts, you will not know what’s coming in and going out. Overall, this will cause a negative effect. However, If you keep yourself updated you can easily know what has to be eliminated and where potential revenue goldmines are located.

Starting new in any industry is a daunting task but with patience, strategy and wisdom, each one of us can reach for the skies and accumulate massive success.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK