#37 - Mastering Amazon FBA
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
I built and sold an Amazon FBA business. For me, no VC money, no employees, I was working full time. I started with 5,000 bucks in my little Chromebook. Building on the back of Amazon, I mean it has wrist, we can talk about that, but also has this huge scale and leverage that you can generate. Alright, I got the three first products, this is gonna be awesome. Look for enough demand for not so much competition.
I done all my product research and I source it out of China, I get this logo off of Fiverr, like I feel like all right I got the right pieces in place. And I get it in, I launch it. And it is a total fail. I got burned so bad the first time. I'm hurting because I do not wanna stay in the career at midnight, so I'm feeling like so much is riding on this and it's just gotta work. Once I got a little taste of it, it was like okay, now it's on. That first year played almost six figures in revenue. It almost didn't feel real until the deposits hit in the bank and I'm like, oh my god, people are really buying this.
The hardest thing to overcome was really my own self-doubt. I mean it felt like every order I placed I was like putting my whole net worth on the line. It was crazy. We put the business on and within I wanna say a week or ten days there were seven full price or higher offers. People can access these types of businesses and with a pretty small bet like create a life changing business for themselves and their families. to carry something from kind of the idea in your head to building it to scaling it to selling it like you gotta want it.
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