If you’ve just started poking around to see what it’s like to run an Amazon business, there’s a high chance you’re bombarded with hype. We’ve seen a lot of content on the interwebs - from YouTube videos to blogs - hyping up their Amazon businesses. There’s a ton of information out there highlighting their sales and how they can work from home, and while you’re interested in starting an Amazon business, you’re not sure where and how to start, or if it’s right for you. Don’t worry! We understand this struggle, and we’re here to help.
First, let us answer the most common questions we get from people interested in staring their own Amazon business.
When participating in the FBA (Fulfillment by Amazon) program you will list products for sale, label and package them according to Amazon’s speculations and ship all the items in large boxes to the Amazon fulfillment centers (aka warehouses), where Amazon will store and ship your products when a customer makes a purchase.
With FBA, you will prepare larger shipments by sending in all your inventory at once to warehouses where Amazon will store and ship your products on your behalf until you make a sale. When a sale comes in because Amazon will ship your product to the customer on your behalf.
Analyze the time it will take to learn, practice and perfect
Are you willing to risk time and money, learn the necessary rules and processes to become successful?
Are you self motivated?
Are you willing and able to learn and care for every aspect of your business?
Are you willing to be legit and pay taxes and do proper bookkeeping?
Do you have plans and goals?
Are you willing to put in extra hours to make it work?
“Failure isn’t the opposite of success. It’s part of the journey.” - Amy Feierman
This week on the Amazon Files:
Tune into our upcoming YouTube videos & podcasts where we will dive into each of these topics in more detail so that you have a realistic expectation of what it takes to start and grow your Amazon business!