{"id":3864,"date":"2019-11-07T14:58:00","date_gmt":"2019-11-07T12:58:00","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=3864"},"modified":"2020-04-27T12:20:28","modified_gmt":"2020-04-27T10:20:28","slug":"do-this-one-thing-to-retire-early","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/","title":{"rendered":"Do This One Thing to Retire Early"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\";https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/20191106161531-shutterstock-406500256.jpeg?width=700&amp;crop=2:1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Do This One Thing to Retire Early\" title=\"Do This One Thing to Retire Early\" \/><\/div>\n<p> Do This One Thing to Retire Early. Don&#8217;t start with too much money. (Yes, really.)<\/p>\n\n\n\n<p>Have you ever done the math to see when you can retire? There are many retirement calculators that can help with this eye-opening exercise, but you may find that your income won\u2019t add up as soon as you\u2019d like.<\/p>\n\n\n\n<p>I\u2019m here to give you good news: You don\u2019t have to wait decades for the financial freedom to retire. One way to potentially retire earlier is to start an online business. Doing so can substantially change your income and lifestyle \u2014 if you go about it the right way.<\/p>\n\n\n\n<p>For example, Amazon sales are increasing exponentially, and half of them come from small and medium-sized businesses. But for all the successful businesses, there are many that fail.<\/p>\n\n\n\n<p>Here are seven common mistakes I see many online business owners make \u2014 and what you should do instead.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.delphiaccountinggroup.com.au\/wp-content\/uploads\/2019\/11\/Want-to-retire-early-Do-this-one-thing.jpeg\" alt=\"Do This One Thing to Retire Early\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mistake No. 1: Trying to invent a market.<\/strong><\/h2>\n\n\n\n<p>I\u2019ve seen many entrepreneurs jump in feet first with a product idea that\u2019s completely unproven in the market. They spend a lot of time and money developing and launching it because they think it\u2019s a cool idea, only to find that nobody else does.<\/p>\n\n\n\n<p>Unless your goal is to exercise your creativity, the best way to launch a profitable e-commerce business is to find a product category that\u2019s already popular. Even if you aren\u2019t selling on Amazon, take a look at the Best Sellers Rank (BSR) on Amazon product pages to see how a product is performing, with No. 1 being the bestseller in its category. Look for products with a BSR between 100 and 6,000 in the high-level category, which means they\u2019re selling well but aren\u2019t too competitive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mistake No. 2: Selling someone else\u2019s brand.<\/strong><\/h2>\n\n\n\n<p>It\u2019s tempting to sell a product with the manufacturer\u2019s branding rather than go through the trouble of creating your own. While that\u2019s easier at first, your competitors are selling the exact same product \u2014 which means you\u2019re competing on nothing but price. As a result, your margins are tight at best.<\/p>\n\n\n\n<p>Instead, create your own brand. Many manufacturers on Alibaba.com will let you \u201cprivate label\u201d their generic products, meaning you can package and sell them under your own name.<\/p>\n\n\n\n<p>(To be clear, you should not and legally cannot counterfeit someone else\u2019s unique product. But you certainly can manufacture your own versions of generic products, ranging from basic tools to complex electronics.)<\/p>\n\n\n\n<p>This differentiates your business from the competition, even though you\u2019re still selling similar products. When you own the brand, your margins are higher, you have more control, and you\u2019re building a valuable business that you can sell later if you choose.<\/p>\n\n\n\n<p>For more Business Articles: <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/business\/\">https:\/\/www.dazzlepop.net\/site\/category\/business\/<\/a><\/p>\n\n\n\n<p>Read more:  <a href=\"https:\/\/www.entrepreneur.com\/article\/341944\">https:\/\/www.entrepreneur.com\/article\/341944<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do This One Thing to Retire Early. Don&#8217;t start with too much money. (Yes, really.) Have you ever done the math to see when you can retire? There are many retirement calculators that can help with this eye-opening exercise, but you may find that your income won\u2019t add up as soon as you\u2019d like. I\u2019m [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[45],"tags":[31,238,99],"class_list":["post-3864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-entrepreneur","tag-website"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dazzlepop | Do This One Thing to Retire Early<\/title>\n<meta name=\"description\" content=\"Do This One Thing to Retire Early. Don&#039;t start with too much money. (Yes, really.) Have you ever done the math to see when you can retire?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dazzlepop | Do This One Thing to Retire Early\" \/>\n<meta property=\"og:description\" content=\"Do This One Thing to Retire Early. Don&#039;t start with too much money. (Yes, really.) Have you ever done the math to see when you can retire?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\" \/>\n<meta property=\"og:site_name\" content=\"Dazzlepop\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dp.Dazzlepop\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-07T12:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T10:20:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/20191106161531-shutterstock-406500256.jpeg?width=700&crop=2:1\" \/>\n<meta name=\"author\" content=\"Noura Ibrahim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/20191106161531-shutterstock-406500256.jpeg?width=700&crop=2:1\" \/>\n<meta name=\"twitter:creator\" content=\"@dazzle_pop\" \/>\n<meta name=\"twitter:site\" content=\"@dazzle_pop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Noura Ibrahim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\"},\"author\":{\"name\":\"Noura Ibrahim\",\"@id\":\"https:\/\/www.dazzlepop.net\/site\/#\/schema\/person\/53e5e5cffa9109e865719dcfdc83b6b5\"},\"headline\":\"Do This One Thing to Retire Early\",\"datePublished\":\"2019-11-07T12:58:00+00:00\",\"dateModified\":\"2020-04-27T10:20:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\"},\"wordCount\":484,\"publisher\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/#primaryimage\"},\"thumbnailUrl\":\";https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/20191106161531-shutterstock-406500256.jpeg?width=700&crop=2:1\",\"keywords\":[\"business\",\"entrepreneur\",\"Website\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\",\"url\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/\",\"name\":\"Dazzlepop | Do This One Thing to Retire Early\",\"isPartOf\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.dazzlepop.net\/site\/do-this-one-thing-to-retire-early\/#primaryimage\"},\"thumbnailUrl\":\";https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/20191106161531-shutterstock-406500256.jpeg?width=700&crop=2:1\",\"datePublished\":\"2019-11-07T12:58:00+00:00\",\"dateModified\":\"2020-04-27T10:20:28+00:00\",\"description\":\"Do This One Thing to Retire Early. 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