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FBA for a Financial "Getting Started" Basis

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felixwinkler

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I have a lot of amazing business ideas to build, but at the moment I'm pretty broke. I was thinking to start an FBA business to get some cash coming in for a financial basis and then move on to the bigger projects. Would you say that's achievable, even though FBA isn't necessarily a Fastlane?
 

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Ronak

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How broke? Do you need to survive on the cash you would make or can you put it ALL back into the business?

Fba can be a good source of income, but if you need that cash for immediate survival, it will crater fast. You also need some seed capital to start, or a credit line at minimum.

@MJ DeMarco has a great thread on how to start from scratch, I would recommend reading it.
 

MJ DeMarco

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felixwinkler

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 29, 2020
13
7
15
Karlsruhe, Germany
How broke? Do you need to survive on the cash you would make or can you put it ALL back into the business?

Fba can be a good source of income, but if you need that cash for immediate survival, it will crater fast. You also need some seed capital to start, or a credit line at minimum.

I still have like 3-5k left, which should be enough to get started with it. As I'm still 18 and live with my parents I can basically, and most likely would reinvest it all. What would you say?

@MJ DeMarco has a great thread on how to start from scratch, I would recommend reading it.
Thanks, will definitely check that out!
 

sparechange

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You can bootstrap a business with pre-orders, kickstart, go fund me or whatever else there is. Get people to give you money for an idea/product/sample and go from there.
 

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