The Online Arbitrage Podcast - How To Sell Online Using The Power Of Amazon FBA The Reality Of ROI/Profit Targets
4 snips
Oct 18, 2024 Starting out with Amazon FBA is completely achievable, but it comes with its own set of challenges. The discussion dispels myths about return on investment and highlights the importance of product sourcing for newcomers. It encourages beginners to accept that lower profit margins are part of the journey. Instead of comparing oneself to others, focus on personal growth and finding unique opportunities. The insights provided aim to guide new sellers towards a realistic approach in their Amazon venture.
AI Snips
Chapters
Transcript
Episode notes
Starting ROI
- Don't feel pressured to find products with 30% ROI when starting.
- An 18% ROI is sufficient for initial product approval and selling.
Starting Budget
- Start with a budget between £100-£350, rather than the bare minimum.
- This provides more purchasing power and product options.
Comparison and Initial Focus
- Don't compare your progress to others; everyone's Amazon journey is different.
- Focus on getting products approved, even if they aren't high-profit initially.