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EXECUTION AMAZON FBA - The Journey Begins

Discussion in 'Progress/Execution Threads' started by Ayanle Farah, Sep 5, 2018.

  1. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    This is my progress thread. I will start Amazon FBA, now I don't know anything about this whatsoever but I've decided to learn as I go, I'm going to allow experience to teach me.

    I won't read a single article, book or watch any videos on the topic, I'll only learn through trial and error.

    Here we go!
     
    Superkid likes this.
  2. LittleJohn
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    LittleJohn Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Sounds positive.
    What business experience if any might you already have?
     
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  3. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    None.
     
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  4. Kyle Thumm
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    Kyle Thumm Online Fitness Entrepreneur Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    This will be interesting to watch unfold. Better keep us updated!
     
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  5. Fastlane Liam
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    Fastlane Liam Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Will you be using JungleScout?
     
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  6. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    Yep.
     
  7. LittleJohn
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    LittleJohn Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    If you dont mind me asking, what kind of responsibilities and/or time constraints might you have?
     
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  8. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    But you will use jungle scout?

    Your strategy makes no sense to me. But ok...

    I’ll be reading.

    Good luck!
     
  9. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    Thanks, I'm not even sure what jungle scout is exactly, if it's going to give me instructions then I won't use it. I just assumed it was an essential tool, kinda like how you can't create an online business without an internet connection.
     
  10. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    So I just finished setting up my sellers account. My store name is CyberJungle, just need to upload my ID and I'm officially in business.

    #RIPCommandmentOfEntry
     
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  11. Fastlane Liam
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    Fastlane Liam Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Don't give your store name away, you're asking for unwanted competition my friend!
     
  12. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    Well we're technically competing whether we know the other person's store name or not.
     
  13. jLand1730
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    jLand1730 New Contributor I've Read UNSCRIPTED

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    Good luck! Keep moving forward
     
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  14. Out of Touch
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    Out of Touch Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I think @Fastlane Liam means that someone could copy your products and directly compete with you. This thread comes to mind.
    You can be transparent if you want to be but since you're on the Outside I would advocate being cautious and much more secretive about those things.
    We can still learn from your experiences and cheer you on without knowing all the precise details.

    Good luck!
     
  15. Out of Touch
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    Out of Touch Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I'm posting once more to say that I agree here.
    What compels you to try to build an Amazon business completely blind?
    If you have the funds and it's some sort of experiment, I could understand...
    But otherwise, you should know that business mistakes can be costly in both time and money.
    It's much cheaper and less riskier to learn from others.
     
  16. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    Thanks to you and @Fastlane Liam I'll be more cautious from now.
     
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  17. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    I'm not in any rush, it can take whatever time it needs to, I tried what you suggested for years and got nothing to show for it.

    Being an entrepreneur is about carving your own path anyway, I got out of the mindset that I need specific instructions for everything which was ingrained in me from school.

    I can figure it out on my own, I'm still open to take advice but I'm no longer going out of my way to search for it.

    At the end of the day, nothing teaches better than experience.
     
  18. Roli
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    Roli Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    It's all about getting the right product and having enough money to market it using the Amazon ads and you'll be fine. Otherwise you'll crash n burn.

    Good luck.
     
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  19. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    I'm studying at university, I don't have too much responsibilities but I've decided to give atleast two hours to Amazon everyday, ideally first thing in the morning.
     
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  20. Out of Touch
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    That's fair enough.
    I gave you that suggestion because I know that in importing there can be pitfalls that beginners can easily fall into. So, if you're importing and/or getting a factory to manufacture your own product, I would at least recommend to learn about that process. (I'll link this thread. It's up to you whether or not you read it!)
    If you want to meet the Commandment of Entry: modified and improved versions of existing products is a good way to go at it. Another way is to find a product that is unavailable in whatever Amazon region you're selling in.
     
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  21. LittleJohn
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    LittleJohn Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    any particular method you are aware of for doing this come to mind..
     
  22. Out of Touch
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    Out of Touch Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I also feel the need to clarify something. Neither of the two methods of meeting the Commandment of Entry that I suggested are my original methods. I learned them from Biophase and Walter Hay respectively.
     
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  23. CareCPA
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    CareCPA Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    This is the reason I'm watching. Should be entertaining at least.

    I would gently suggest that this is the most difficult way of starting a business, and difficulty does not always lead to success. If others have done similar things before, why not take a lesson from what has worked for them, and then iterate to make it better? Seems foolish to start from scratch when others will have two decades of experience in Amazon already. By the time you get the basics, the landscape will change again.
     
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  24. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    To be quite honest, I don't think it will matter. I don't mean to be a pessimist here, but the chances of a first run product being successful without any guidance in my opinion is close to 0%. I highly doubt that anyone would copy him or try to compete with his chosen product.

    This thread may turn into ecom's version of the disaster artist (the room).
     
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  25. Ayanle Farah
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    Ayanle Farah Bronze Contributor Speedway Pass

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    Since what I learn will be based on experience, wouldn't that give me the most up to date information on what's going on?

    What you're suggesting is straightforward logic, it works not theory, not so much in practice.

    If you did something great, there is little chance I can replicate your results unless you show me everything in detail and even then I still might lack something which makes it not work out.

    Learning from others experience is something a person like Tai Lopez would say and I gave it a go, the person doing that is focused on shortcuts though I can only speak for myself.

    Like I said above, I'm open to advice but I will no longer go out of my way to look for it.
     

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