RAFEL MAYOL’S SUCCESS: AN ENTREPRENEURSHIP JOURNEY FULL OF LEARNINGS

A lot of the time, being an entrepreneur can seem like a leap of faith into the unknown. And it’s understandable to be flooded by fears and insecurities before such an uncertain adventure.

Most of the time, these smaller fears all lead to one big one: Failure. However, Rafel Mayol has learned that giving up on your dream is the worst failure you can experience.

Don’t wait for someone else to do it. Hire yourself and start calling the shots.

GET STARTED FREE

Rafel Mayol’s Story of Success

Rafel Mayol is a young entrepreneur and founder of the online store Wiohair and the website Emprendedores.com, to name just a few.

When he got started with his first project, Rafel jumped into an unknown world with minimal information. Of course, he thought his business plan was infallible, but soon he found himself in several unexpected situations that kept success at bay.

Things might not have turned out as he thought they would, but he never stopped believing in himself throughout it. And most importantly: He never gave up.

Like many great successful entrepreneurs before him, Rafel saw an opportunity to learn where others only saw failure.

A Successful Business Based on Trial and Error

One of the most prominent fears entrepreneurs have is the fear of failure, Rafel explains.

“I tried three or four different businesses over two years that flopped for different reasons until I eventually hit success. People don’t even consider failure as a possibility. They get caught up on what others may think or are ashamed for wanting to give it a try.”

“Instead of being so afraid of not reaching your goal on the first try, you really should be scared of staying in your comfort zone for the next 20 years. Staying where you are is a defeat in itself.”

When you decide to start a dropshipping business and don’t even know exactly what dropshipping is, it’s perfectly understandable not to feel confident. This is where Rafel is a huge advocate of education.

“A lot of people trying to start a business see this investment as an unnecessary cost. However, it’s of the utmost importance. Investing in your own education is key in your future success.”

Investing in products that don’t end up yielding the desired results is another thing that often makes people feel unsuccessful. As Rafel is quick to say, “you have to keep going and try again if you want to fulfill your dreams.”

He adds that while it might be hard to part with your hard-earned cash, spending money to test products is necessary.

“Part of your budget must be spent on testing and trying new things. That’s how you become experienced. I failed a lot of times because I didn’t follow a strategy, but I ended up using a method that works.”

Each Entrepreneur Must Find Their Method

From the very beginning, you have to keep in mind that not everything works for everybody. Each person must come up with a unique method adapted to the way they work.

This is achieved by trial and error – getting things right, getting others wrong, and learning from those mistakes. Often, knowing what not to do is as important as knowing what to do.

“I would rather start a business with minimal investment and reinvest whatever benefits it may yield than spending €50,000 right off the bat on inventory I’m not really sure I’m going to actually sell. Part of the fun comes from playing around with the different variables and getting better at it.”

“Be aware that there is a learning curve you can’t avoid if you want to achieve success.”

Though this observation might seem obvious, it’s easy to forget. Rafel knows first hand what starting a business, failing, and starting over from scratch entails.

“Success as an entrepreneur is never guaranteed 100 percent. Getting enough sales to cover investment and yield benefits depends on many factors.”

Starting a Business

Like many other entrepreneurs, Rafel didn’t start his own dropshipping business overnight. He first got started by working for a few years as an affiliate marketer. It was during this time that he realized the person making the most money was the store owner. And after this realization, he decided to start a business of his own.

Without much experience or a lot of capital, Rafel wanted to start a business that didn’t have a high initial cost. With a low barrier to entry and low risk, dropshipping was the answer.

“In my opinion, dropshipping is a great way to start as an entrepreneur because it gives you the possibility to prove you know how to sell, how much you know about marketing, and that you can solve problems that may come up.”