Amazon Seller Entrepreneurship Story: How to achieve monthly sales exceeding 10000 US dollars in less than 4 months?

详细说明

This seller tells you how to quickly change your life。

Brand restrictions, higher transaction fees, and increased FBA costs seem to have no prospects for sales on Amazon anymore。

But is it really impossible to succeed on this platform? Below is an Amazon seller entrepreneurship story and its success tips。

In less than 4 months, Marvin transformed $500 into $10000

o outsiders, Marvin is blessed with a good job and a perfect family. It seems like there's nothing missing, but deep down, Marvin doesn't want to work from nine to five until old age and enjoy life after retirement. So, he started looking for new ways to make money, hoping to make his wife feel at home with her children, without having to work or worry about income issues。

Marvin's father suddenly passed away a few months after retirement. This completely woke Marvin up: it's time for a change。

Is there a way for people to both make money and enjoy life？

With the passing of his father and the imminent arrival of his third child, in order to no longer leave any regrets and provide a better life for his family, Marvin began operating an Amazon business。

In mid March, Marvin became busy and focused. He had planned to invest $500- $1000 per month, but he didn't expect the opportunity to come so quickly。

Purchasing products is difficult, but Marvin has developed a unique development strategy that makes the process easier。

Initially, he spent $500 on purchasing products, and soon, $500 transformed into a monthly sales revenue of $10000。

What is the secret to achieving such results？

Reducing expectations can also create profitable businesses

Sellers like big numbers. Sellers generally flock to purchase products with high sales rankings and high return on investment (ROI)。

But Marvin took a different approach。

He built all of his business on low ranking products with a profit of $2.00 and a 20% return on investment. He didn't waste time chasing big numbers, as long as there were products, even if profits were not high, he could quickly turn around。

Marvin, with a background in finance, specializes in finding products that can be sold within 30 days. Sell a large number of low value products in the short term and quickly make a big profit。

Marvin believes that conducting retail arbitrage business through FBA can generate significant profits. If you find a product with an ROI of 50% -100%, grab it! However, sellers need to be mentally prepared as returns for such products may be high。

Everyone likes a 75% -100% return on investment, but regularly replicating such success is too difficult. Low value products are easier to discover, and most of them are priced generally and of good quality。

Therefore, you can lower inventory standards, but still achieve success on Amazon。

Using one's own experience to find the most suitable Amazon niche product

The Amazon platform has over 360 million product listings, and this number will continue to grow. In this massive product, there is still your place。

If toys are your only way out now, consider expanding your product line to other categories。

At the beginning, leaving the comfort zone and entering unfamiliar fields can be a bit flustered, especially when choosing to enter the clothing and shoe industry. But if you find a product that can bring you the maximum profit, all this effort is worth it。

Marvin's chosen field is grocery。

Once the path is clear, the business begins to develop rapidly. He has worked in coupon related business and knows how to obtain various groceries at special discounted prices. After the initial learning stage, it becomes natural to find products that meet his standards。

Searching for niche products is not just about establishing a private brand, it is also an important part of retail arbitrage and online arbitrage. Which categories have you not considered yet? Based on your own experience, find the most suitable Amazon niche product for you。

If you enjoy finding particularly cost-effective clothes and shoes to trade on your own, don't be intimidated by confusing sales rankings. Try different product categories to help you create a business。

If you know how to buy cups, plates, and small gifts for your child's birthday party at the best price, consider purchasing some party supplies。

If you like electronic games, perhaps it is the right business choice。

Even the most unexpected categories and niche products may continuously bring profits to your Amazon business。

When purchasing products, the process is clear and strategic, looking for products with at least a 20% return rate。

Create more efficient inventory records

Every time Marvin finds a product that can be used as a replenishment, he enters the spreadsheet through Google Drive (an online cloud storage service launched by Google) on his mobile phone. This inventory management method makes procurement simpler and more efficient。

His goal is to establish a data table with sufficient restocking products to ensure a normal monthly profit of $10000. Marvin also talked about several key data for creating inventory tables, as shown in the following figure：

Create your own Amazon business

If you don't want to wait until you turn 60 to enjoy life and be with your family, then create your own Amazon business. Whether you are 25 or 45 years old now, you have the ability to change your life。