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Sales First or First $1kAbout four months before going live on my first site, everything was entirely new to me.
Would it be highly profitable for me to begin Amazon FBA?The first sale occurred within a day of the stock being available because I had prepared advertising, set up the page with relevant keywords, and thoroughly researched the product. Achieving the first $1,000 in revenue happened within the initial two months.
Is Amazon FBA highly profitable if I decide to start it?Would it be highly profitable for me to begin Amazon FBA?
Is Amazon FBA highly profitable if I decide to start it?
Are you continuing with FBA/e-commerce?When I initially began selling on Amazon, earning a $1,000 profit in a week was achievable. Nevertheless, the competition has intensified significantly since then.
Private label remains the preferred approach, but facing losses during the initial 1-2 months is realistic. Once you've managed to establish and maintain your product line, private label can secure your financial future.
Unlike its earlier days when I started my business in a basement back in 2016, Amazon now demands more of an investment and is less suitable for newcomers.
Yes, I am. I have experienced two exits and am currently running an Ecom business.Are you continuing with FBA/e-commerce?
FBA gurus keep this hidden, but unless you're dealing with an untapped, private label, or fully customized product, making substantial profits is unlikely. The market is highly competitive, and tools such as Helium10 and Jungle Scout simplify the process of discovering new products.Amazon operates as a high-volume, low-margin business. Generating $1k in revenue is remarkably easy, but you should anticipate running at a loss for 4-7 months before seeing any profits from that revenue (unless the product is a total loss). Junglescout attempted this with a product and managed to net around $10k after a year from $220k in revenue (excluding their time and taxes). This example pertains to private label selling.
On the other hand, if you opt to resell other brands (referred to as "wholesale"), you can make a direct profit. However, growth potential is limited, and you'll need to actively search for excellent deals to resell.
The sourcing of goods can be both arduous and time-consuming, but as with any business, investing time and effort is essential for success. One should not consider growth limited at all when dedicating time to identifying profitable products instead of settling for a mere 5% profit.Amazon operates as a high-volume, low-margin business. Generating $1k in revenue is remarkably easy, but you should anticipate running at a loss for 4-7 months before seeing any profits from that revenue (unless the product is a total loss). Junglescout attempted this with a product and managed to net around $10k after a year from $220k in revenue (excluding their time and taxes). This example pertains to private label selling.
On the other hand, if you opt to resell other brands (referred to as "wholesale"), you can make a direct profit. However, growth potential is limited, and you'll need to actively search for excellent deals to resell.
Comparing the profitability of Amazon FBA and Shopify dropshipping.
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[Another newcomer here] - Live streaming for farming: Spotify, Apple, Amazon, and YouTube | Amazon FBA.
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I am the Chief Marketing Officer of Amazon FBA - feel free to ask me anything.
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