E489: Wins and Fails – Mike and Dave Reflect on 2022

Mike and Dave reflect on 2022 as ecommerce entrepreneurs, including their biggest wins, failures, and general outlook moving forward.   2022 was a year of successes and challenges for ecommerce sellers—the industry is literally shifting right beneath our feet!   In this episode, Dave and I will take a closer look at how 2022 has been for us as ecommerce sellers, what with all that's going on between the market coming out of the pandemic, changing administrations, and Amazon's constantly changing policies.   We'll be breaking down some of our biggest wins, including raising our traffic on all properties, as well as our biggest challenges, such as nightmares on the logistics front. We'll also touch on the biggest complexities that we faced as entrepreneurs to give you an idea how to sort them out for your own business.    Timestamps: Why we think our annual review episodes do so well – 0:55 What grade would we give our 2022? – 3:15 Why 2022 was the year of margin compression for Amazon and third-party sellers – 9:00 The biggest complexities in business that we dealt with last year – 15:12 Should you rent or buy your own warehouse? – 17:31 How we raised SEO traffic for all properties – 23:22 The value of a healthy work-life balance for entrepreneurs – 34:35 Why 2022 has been a real hiring nightmare for ecommerce sellers – 39:36   It's been a rollercoaster of a year indeed, but we're always grateful to you guys for sharing your time with us and supporting this podcast. Here's to a lot more reasons to celebrate this 2023.    Don't forget to leave us a review on iTunes if you enjoyed this episode. Happy selling and we'll talk to you soon!