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The Online Arbitrage Podcast - How To Sell Online Using The Power Of Amazon FBA
The Reality Of ROI/Profit Targets
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.
07:12
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Quick takeaways
- New sellers should prioritize any profitable product over unrealistic high ROI expectations, especially in their initial stages.
- A reasonable budget of £100 to £350 is crucial for product sourcing, allowing sellers to increase their chances of success.
Deep dives
Understanding ROI Expectations for New Sellers
New sellers often feel pressured to find products with a high return on investment (ROI), typically around 30%, which can be unrealistic when starting out. Many sellers initially encounter products with lower ROI percentages, such as 18% or even lower, and they should not be discouraged by these figures. It is acceptable to accept lower profit margins as a stepping stone for getting engaged in the marketplace. The key takeaway is that the initial focus should not solely be on high ROI but on any product that generates profit and fulfills the requirement to get engaged.
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