If you have read Unscripted , you'll understand why sourcing from Alibaba and then selling on Amazon is such a slow-lane idea. On page 249, MJ talks about how this idea violated the commandment of entry.
I tried doing the same (sourcing from Alibaba and selling on Amazon) but stopped halfway. I stopped after finding out how many other people were doing it and the countless programs that are out there to help sellers track sales and find the right products.
I am not arguing that there is no money to be made. A lot of people are making a lot of money. But for people like me, looking for a way to make millions, it will be easy to just focus on solving problems that people are having.
Hit the forums and blogs and people are complaining left to right about all aspects of life. A lot of issues to be solved and a lot of money to be made outside Amazon and Alibaba.
For instance, I was working in a big freezer and wearing my glasses. When I walked out, the warm weather fogged up my lenses. I couldn't wear them for 5 minutes. I googled ways to stop lenses from fogging up. People have all kinds solutions.
However, I couldn't find a single solution that solved the problem 100%. I even looked for solutions on Amazon and Walmart and people were complaining about how crappy the anti-fog wipes and sprays were. Imagine if you solved this problem... $$$$
Why haven't I solved it? because I am lazy. I do not want to go through the process of contacting manufacturers and studying the industry... among other excuses. I am working to solve another issue though.
My point is that there are opportunities outside Amazon and Alibaba. I recommend anyone that is looking for a good business idea to read Unscripted from page 228-300.
Anyone can source from Alibaba and sell on Amazon in minutes. That is when my 'easification' bells rang. However, this does not go for those who jumped on Alibaba and Amazon early on. This also does not apply to those selling shovels to those digging for gold. Programs like Amazeowl, JungleScout, Unicorn Smasher, and so on are the shovels. And you my friend, just starting the Alibaba-Amazon business, are the golddigger.
I tried doing the same (sourcing from Alibaba and selling on Amazon) but stopped halfway. I stopped after finding out how many other people were doing it and the countless programs that are out there to help sellers track sales and find the right products.
I am not arguing that there is no money to be made. A lot of people are making a lot of money. But for people like me, looking for a way to make millions, it will be easy to just focus on solving problems that people are having.
Hit the forums and blogs and people are complaining left to right about all aspects of life. A lot of issues to be solved and a lot of money to be made outside Amazon and Alibaba.
For instance, I was working in a big freezer and wearing my glasses. When I walked out, the warm weather fogged up my lenses. I couldn't wear them for 5 minutes. I googled ways to stop lenses from fogging up. People have all kinds solutions.
However, I couldn't find a single solution that solved the problem 100%. I even looked for solutions on Amazon and Walmart and people were complaining about how crappy the anti-fog wipes and sprays were. Imagine if you solved this problem... $$$$
Why haven't I solved it? because I am lazy. I do not want to go through the process of contacting manufacturers and studying the industry... among other excuses. I am working to solve another issue though.
My point is that there are opportunities outside Amazon and Alibaba. I recommend anyone that is looking for a good business idea to read Unscripted from page 228-300.
Anyone can source from Alibaba and sell on Amazon in minutes. That is when my 'easification' bells rang. However, this does not go for those who jumped on Alibaba and Amazon early on. This also does not apply to those selling shovels to those digging for gold. Programs like Amazeowl, JungleScout, Unicorn Smasher, and so on are the shovels. And you my friend, just starting the Alibaba-Amazon business, are the golddigger.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today