This is a quick story to tell you why the reasons blocking your success aren't actually the ticket to success. It's all a choice.
Last year I began researching a product to experiment with selling on Amazon through FBA. I had money to invest but didn't want to risk it since I had no clue how to sell on Amazon. I found a product that ticked the boxes and started my research on suppliers. One I was sure had a quality product but also a terrible website. My day "job" is running a marketing company, so I contacted the supplier in China to build a relationship with the goal of a contra deal - a nicely designed, SEO'd website in exchange for his product.
This was a mutually beneficial situation - I knew I could knock out a quality website in a short period of time, bringing the "cost" of the product down, while the supplier was getting a quality website in exchange for product, which surely cost them significantly less than their "best price".
To keep this short, I'll get to the numbers.
Costs:
WordPress theme: $49
Label Printer: $99
Labels: $28.75
Packaging: $82
Freight: $165
TOTAL: $423.75
It's worth also factoring in my time spend building the website, packaging the items, then labelling them.
Income:
$12,311.22
The following is after Amazon fees, so profit to date is ~ $11,887.47. I have sold 2/3 of the product to date, so in theory it will be ~$18000 by the time it's sold out.
Side Benefits:
I have continually built my relationship with this supplier, providing plenty of other work for him since on a consulting basis. They are a good client - paying high rates in USD and quickly, though some patience is required in English.
I have already renegotiated the purchase price on my next order - of course I will be reinvesting the profits made here to repeat again. Anything left over will be spent on a different SKU.
Hoping this is helpful to someone. Don't let excuses get in your way! Provide value to someone and results will come your way.
Last year I began researching a product to experiment with selling on Amazon through FBA. I had money to invest but didn't want to risk it since I had no clue how to sell on Amazon. I found a product that ticked the boxes and started my research on suppliers. One I was sure had a quality product but also a terrible website. My day "job" is running a marketing company, so I contacted the supplier in China to build a relationship with the goal of a contra deal - a nicely designed, SEO'd website in exchange for his product.
This was a mutually beneficial situation - I knew I could knock out a quality website in a short period of time, bringing the "cost" of the product down, while the supplier was getting a quality website in exchange for product, which surely cost them significantly less than their "best price".
To keep this short, I'll get to the numbers.
Costs:
WordPress theme: $49
Label Printer: $99
Labels: $28.75
Packaging: $82
Freight: $165
TOTAL: $423.75
It's worth also factoring in my time spend building the website, packaging the items, then labelling them.
Income:
$12,311.22
The following is after Amazon fees, so profit to date is ~ $11,887.47. I have sold 2/3 of the product to date, so in theory it will be ~$18000 by the time it's sold out.
Side Benefits:
I have continually built my relationship with this supplier, providing plenty of other work for him since on a consulting basis. They are a good client - paying high rates in USD and quickly, though some patience is required in English.
I have already renegotiated the purchase price on my next order - of course I will be reinvesting the profits made here to repeat again. Anything left over will be spent on a different SKU.
Hoping this is helpful to someone. Don't let excuses get in your way! Provide value to someone and results will come your way.
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