What Would it Mean to have a Profitable Amazon Business?
Great question! It’s different for different people. Some use it to replace their day job, some use it as an alternative to returning to the workforce after a big life event like a new baby. Some use it as a means to help finance their retirement and others just do it for supplementary income to help with saving for kids education, better holidays, or simply spending more time at home with the family. One thing that is common to all Amazon sellers is that they understand about leverage. Most people who derive their income from employment get out what they put in. Work harder, get more money. Work longer, get more money. Work smarter, get better results, make more money quicker.
But for the super-wealthy, life just isn’t like that. For the property developers, business owners, brand owners, recording artists and movie and TV producers. The financial return is all in the product. The money is NOT made during the work phase. It is made when the work finishes. Understanding this is the key to understanding what any Amazon or e-commerce business actually is. It’s about doing the work once, recording that work in the form of a product that solves a specific problem or meets a specific need and replicating that product thousands and maybe millions of times to solve the same problem for thousands or millions of people.
If you do a job to make money then you provide a service - and you have to be there for that service to be provided.
If you make a product to make money then you still provide a service – but you don’t have to be there when that service is provided. In fact it would be weird if you were there!
Result? You can make a lot more money for the work you put in upfront. A LOT MORE!
This used to be hard to do, Sometimes it could take people 10 years to get a product from idea stage to being on the market and it needed hundreds of thousands of dollars in investment to set up the product and the marketing and sales infrastructure to get it distributed to customers. It was a big risk.
but now, the marketing and sales infrastructure is already there! It’s available to anyone with a product, a barcode and a picture of the product! It’s called Amazon.com and once you realise the power it offers you to get your product in front of customers and to join the ranks of the wealthy and super-wealthy that get paid again and again for work they have already finished doing, you will be wondering why it took you so long to take action and get started. If you are already wondering that then take your first step today and come inside FBA Brand Central to learn all the steps you need to follow to make your own branded product on Amazon a reality…
- Choose the right product for you (and avoid the wrong ones!).
- Manage and eliminate supplier risk.
- Develop a product strategy.
- Develop a brand strategy and a following of loyal customers.
- Follow the proven launch strategy to get an immediate (unfair) Amazon ranking advantage.
- Break through all the confusing red-tape.
- Leverage the success of your best-selling competitors.
- Set up your business and brand right to protect your investment.
- Join the Amazon Brand Registry for global expansion and global benefits.
- Learn the shortcuts to enjoying repeatable, scalable Amazon success.
- Begin wholesaling to high street retailers.
- Take all your Amazon learnings and build a global brand.
FBA Brand Central can help with any aspect of using Amazon FBA to accelerate and complement your product strategy whether you are just starting out, looking to boost your product or adding Amazon to your global brand strategy for your existing product. To get the right experience for you, please select the box below that best describes you.