Hi
I've been selling physical products online for a number of years now. Over the last few months we've introduced new products into different countries via Amazon/Ebay and sales have risen.
The one downside to this business is that capital needs to be continually reinvested to source new products and the amount of capital you have to spend is generally an indicator of the potential profit you can make.
The other downside is that if Amazon suspended your account you would lose a lot of money at the flick of a light switch. I know this business is extremely scalable especially utitilizing FBA but because it's based around Amazon or Ebay is it still classed a fastlane business? In the book MJ did say that he wouldn't want a business which can be shut down at the drop of a hat.
As a footnote i've also sold products via my own website but it did not generate anywhere near what sales on Amazon and Ebay does.
Thanks
Paul
I've been selling physical products online for a number of years now. Over the last few months we've introduced new products into different countries via Amazon/Ebay and sales have risen.
The one downside to this business is that capital needs to be continually reinvested to source new products and the amount of capital you have to spend is generally an indicator of the potential profit you can make.
The other downside is that if Amazon suspended your account you would lose a lot of money at the flick of a light switch. I know this business is extremely scalable especially utitilizing FBA but because it's based around Amazon or Ebay is it still classed a fastlane business? In the book MJ did say that he wouldn't want a business which can be shut down at the drop of a hat.
As a footnote i've also sold products via my own website but it did not generate anywhere near what sales on Amazon and Ebay does.
Thanks
Paul
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