THE CEOCAST Ecom Expert: $10M+ Revenue At 23 Years Old From TikTok Shop & FBA (just copy this)
Aug 11, 2024
Jack Damz, a 23-year-old serial entrepreneur, skyrocketed to success with over £10m in sales, starting from just £10. He shares his journey through struggles with ADHD and various challenges before diving into the e-commerce world. Jack reveals the critical role of TikTok Shop and highlights the importance of market research and innovative marketing strategies. He also discusses lessons from his upbringing, emphasizing hard work, decision-making, and financial independence, making it clear that success isn't just about luck.
AI Snips
Chapters
Transcript
Episode notes
Humble Start With Clearance Stock
- Jack started Amazon in April 2019 by buying random clearance stock and learning from failures fast.
- He invested ~£2.5–3k, lost some, but gained vital operational experience and early profits on a few products.
Fast Gains From Alibaba Arbitrage
- Jack bought iPhone adapters from Alibaba then sold them on Amazon and scaled quickly.
- He turned a small investment into tens of thousands in profit before running into trademark and listing-ownership issues.
Never Import Branded Goods Without Checks
- Avoid buying branded products from China unless you verify IP and trademark status first.
- Do trademark checks, brand-registration checks and supplier verification before importing to prevent legal headaches.