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Tris

Contributor
Read Unscripted!
Jan 5, 2018
17
41
28
New York
Hi Everyone. My name is Trissy! I read Unscripted a few months ago and that book magnified what I felt ever since I was 18. I had my first job at 18 and it was one of the worst experiences I have ever had in my life. I moved here to NYC from the Caribbean. So I was pretty new to American culture when I got here. The work life here was a big shock to me and I did not want to be just like everyone else. I just didn't see my life going in that direction. I started my first business when i was 19. It was an Amazon FBA seller business. It failed but I learned a lot. After that I did service businesses that also failed but I still learned a lot. Now after reading Unscripted , I am more focused on creating a productocracy. I started a Caribbean snacks business before reading Unscripted , so right now I am in the testing phase to see if I can actually make it into a productocracy by using the Action, Assess and Adjust technique! Nice to meet everyone and I hope to learn even more from everyone here.
 
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Tanishatheangel

Bronze Contributor
Sep 22, 2017
117
125
29
life
Hi Everyone. My name is Trissy! I read Unscripted a few months ago and that book magnified what I felt ever since I was 18. I had my first job at 18 and it was one of the worst experiences I have ever had in my life. I moved here to NYC from the Caribbean. So I was pretty new to American culture when I got here. The work life here was a big shock to me and I did not want to be just like everyone else. I just didn't see my life going in that direction. I started my first business when i was 19. It was an Amazon FBA seller business. It failed but I learned a lot. After that I did service businesses that also failed but I still learned a lot. Now after reading Unscripted , I am more focused on creating a productocracy. I started a Caribbean snacks business before reading Unscripted , so right now I am in the testing phase to see if I can actually make it into a productocracy by using the Action, Assess and Adjust technique! Nice to meet everyone and I hope to learn even more from everyone here.

well snacks are not a high price purchase unless you get alot of magnitude you might wanna consider something that'll be a much needed item that would provide even more value
 

Raoul Duke

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well snacks are not a high price purchase unless you get alot of magnitude you might wanna consider something that'll be a much needed item that would provide even more value

Hold on while I catch my breath.
 
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becks22

90% coffee, 10% everything else
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Tris

Contributor
Read Unscripted!
Jan 5, 2018
17
41
28
New York
Hi, welcome to the forum.

What caused you to fail with Amazon FBA? What would you do differently?

Thanks!
I completely messed up with choosing the right products. I chose products that I thought would sell but when I finally listed them on Amazon, I had to keep lowering the prices to get a sale. This just left me with so much inventory that I was hardly breaking even.
I also underestimated FBA fees. They kept increasing, and this just lowered any profit I would have made.

What I would do differently? I would choose products that aren't saturated on Amazon, so that I can have a better chance. I also would differentiate the products a bit, so that the value of my products are different that everyone else. In the end I ended up having to lower my prices because competition kept lowering theirs. It was like a price war to the bottom. No one wins in the end.
In terms of FBA fees, I am not sure how I would be able to do anything differently, other than raise my prices. That's pretty much the only option I would have to gain some profit.
 

Tris

Contributor
Read Unscripted!
Jan 5, 2018
17
41
28
New York

Van Halen

Bronze Contributor
Read Fastlane!
Speedway Pass
Mar 3, 2017
168
367
26
United Kingdom
I completely messed up with choosing the right products. I chose products that I thought would sell but when I finally listed them on Amazon, I had to keep lowering the prices to get a sale. This just left me with so much inventory that I was hardly breaking even.
I also underestimated FBA fees. They kept increasing, and this just lowered any profit I would have made.

What I would do differently? I would choose products that aren't saturated on Amazon, so that I can have a better chance. I also would differentiate the products a bit, so that the value of my products are different that everyone else. In the end I ended up having to lower my prices because competition kept lowering theirs. It was like a price war to the bottom. No one wins in the end.
In terms of FBA fees, I am not sure how I would be able to do anything differently, other than raise my prices. That's pretty much the only option I would have to gain some profit.
Okay cool, thanks
 

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