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Is Amazon FBA dead in 2022 for starting a business?

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Redwork

New Contributor
May 4, 2022
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5
For those coming behind years from now reading this, if you must have validation from others before you try / start / do, then entrepreneurship may not be for you.

Get started. Learn while doing. Answers appear as you put in the work.
Be ready to pivot. You may not end on the path you begin. That's the journey.
Thanks for saying this. Fear of failure is big but we never think hey we might just succeed. I am paralysed by it. The only way to move forward is to do and try.
 
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Redwork

New Contributor
May 4, 2022
3
5
@Ywan love it! Amazing update!

Now, what will you accomplish in the next week to start / get going your Amazon FBA business.
I see a lot of talk / discussion / about to get started above. Is there something actionable THIS WEEK that has a tangible OUTCOME to getting the Amazon FBA business producing revenue THIS WEEK?????

Focus on the outcome.
Get it done.
You got this!
So supportive!
 

BusinessBen

Silver Contributor
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May 29, 2014
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Amazon FBA isn't dead. Online shopping is growing every year. I started selling on amazon in 2014, then stopped, and now I am starting again in 2022. It's never too late.
 

Ywan

Contributor
Dec 3, 2018
37
26
@Ywan love it! Amazing update!

Now, what will you accomplish in the next week to start / get going your Amazon FBA business.
I see a lot of talk / discussion / about to get started above. Is there something actionable THIS WEEK that has a tangible OUTCOME to getting the Amazon FBA business producing revenue THIS WEEK?????

Focus on the outcome.
Get it done.
You got this!
Thank you for the support and words of encouragement. I really appreciate it.

If I want to produce revenue with FBA this week, I can start offering products from existing brands on Amazon and sell them. So I'm going to do that. It's not really sustainable in the long term, but I was planning to do that anyway to some extent to get a feel for FBA and collect data.
 
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Taktik

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Oct 15, 2018
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By the way selling on a Shopify store is a completely different set of skills than selling on Amazon.

This is interesting.

Can you elaborate on that a little bit please? What skills do you need if you have a Shopify store and what skills do you need for Amazon?
Thanks.
 

NeoDialectic

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Feb 11, 2022
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This is interesting.

Can you elaborate on that a little bit please? What skills do you need if you have a Shopify store and what skills do you need for Amazon?
Thanks.
To be successful with a shopify store, you have ALOT of different places you can derive traffic. You need a decent product, a decent website and from there on in you just have to figure out a way to drive traffic. This can be in basically unlimited ways.

To be successful on Amazon, your skillset is alot more focused on Amazon itself. You can technically bring traffic to your listing from outside of Amazon, but generally that is a rarer route. Generally, your traffic is from Amazon itself. So your insight about Amazon's advertising platform doesn't translate to Shopify. Your insight on getting good rankings on Amazon's search, doesn't translate to Search engines. etc..
 
Last edited:

Chris Sciora

Contributor
Feb 15, 2022
91
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Unfortunately, my notes are not in English and there are dozens of pages - so translating would be a lot of work.

But I can tell you some basic strategies underlying the different models. In the end, it just depends on the implementation and there are different implementation options for each strategy, so you can think about it yourself and then test it.
-Sell products from existing brands that are not yet on Amazon but where there is demand.
-Review mining -> what can be improved in products?
-Improve a product that sells regularly but is not a best seller and sell it at the same price or cheaper than everyone else - then repeat this process a hundred times.
-Try to collect data on Amazon (there are different ways to do that) and then use it to find niche products that no one is selling but there is a need for.
Thanks! Even that bit is helpful when you know pretty much zero. It gives me some directions to consider.
 
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Chris Sciora

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Feb 15, 2022
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I've been thinking about posting the strategy on the forum to get feedback, because doubts have come up again.
“Everyone has a plan until they get punched in the mouth." ~ Mike Tyson

You'd probably benefit immensely from a different perspective on failing. Failing is mandatory to making progress. It's impossible for anyone - no matter what their previous experience or successes - to lay out a course of action that will always work. Here's the original version with some background: Strategic Planning: Moltke the Elder, Dwight Eisenhower, Winston Churchill, and Just a Little Mike Tyson

In your situation, think about posting something like "Tried AAA this week. It failed. Tried BBB this week. It failed. Tried CCC this week. It failed." A dozen of those posts will get you much further along than doubts or getting feedback on strategy. One of the dumbest things imaginable that school teaches is the idea that perfection is needed for advancement and that failing is reserved solely for dumb losers. That's completely a$$ backwards.

Failing *teaches* you how to be successful. My kids probably hear that in their sleep by now.
 

Ywan

Contributor
Dec 3, 2018
37
26
@Ywan love it! Amazing update!

Now, what will you accomplish in the next week to start / get going your Amazon FBA business.
I see a lot of talk / discussion / about to get started above. Is there something actionable THIS WEEK that has a tangible OUTCOME to getting the Amazon FBA business producing revenue THIS WEEK?????

Focus on the outcome.
Get it done.
You got this!

Time for an update.

Concerning the goal of trying to focus on an outcome that will produce revenue within a week for my amazon FBA business I failed.

I did not manage to get to that point. I have hit a mental barrier, so to speak, that comes up whenever things get serious. So I basically wasted a lot of time with things, that did not really get me any further along the way - action faking, as MJ calls it.

I did manage to contact four suppliers/producers none the less of which three have already answered me with a positive reply - I am allowed to sell their products on Amazon. (I will continue doing research to find more products.) The next step is to check the prices I can get and see, if I can make a profit with these products on Amazon. If there is any profit to be made, that exceeds one or two bucks, I will place an order.

This is not going to make me rich or anything, but I will break down my mental barriers brick by brick because I am just doing it. So then, when I finally find a product with a lot of potential, I have hopefully already done these things so many times, that I don't have any problems executing.

As I said somewhere, it's all about testing. Let's see, how things turn out. Maybe I'll fail again. That's just more data to adjust my approach and another step on the way to success.
 

ZCP

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@Ywan so WHEN will WHAT be done?

I see a lot of excuses. How bad do you really want this? Maybe it isn't for you?

If you really want this ...... Post daily. What WILL you do WHEN.
If not for you .... move on and take the stress machine off.

Make a decision. Call the ball. Be real.
 
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Greg Black

Bronze Contributor
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Aug 24, 2016
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Bournemouth, UK.
This is interesting.

Can you elaborate on that a little bit please? What skills do you need if you have a Shopify store and what skills do you need for Amazon?
Thanks.
On Amazon, you have a ready pool of buyers, looking to spend money. Your job is to put great well positioned and targeted products in their way.

On Shopify, you are doing so much more, you have to drive traffic, convert that traffic, build a brand, manage fulfilment, do you own customer service, manage returns, the list goes on. Plus people have never heard of your company or brand, so there are trust issues. Your conversion on Shopify will likely be 1-1.5% on Amazon it should be 10 times that, 10-15%.

Conversion and trust is not an issue on Amazon as they have the Amazon protection, often they are prime members and they know payments are secure, they know when the product will turn up and it will turn up fast, plus if there is an issue they can easily return it and get a refund.
 

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