If you have read Unscripted , you'll understand why sourcing from Alibaba and then selling on Amazon is such a slow-lane idea. On page 249, MJ talks about how this idea violated the commandment of entry.
I tried doing the same (sourcing from Alibaba and selling on Amazon) but stopped halfway. I stopped after finding out how many other people were doing it and the countless programs that are out there to help sellers track sales and find the right products.
I am not arguing that there is no money to be made. A lot of people are making a lot of money. But for people like me, looking for a way to make millions, it will be easy to just focus on solving problems that people are having.
Hit the forums and blogs and people are complaining left to right about all aspects of life. A lot of issues to be solved and a lot of money to be made outside Amazon and Alibaba.
For instance, I was working in a big freezer and wearing my glasses. When I walked out, the warm weather fogged up my lenses. I couldn't wear them for 5 minutes. I googled ways to stop lenses from fogging up. People have all kinds solutions.
However, I couldn't find a single solution that solved the problem 100%. I even looked for solutions on Amazon and Walmart and people were complaining about how crappy the anti-fog wipes and sprays were. Imagine if you solved this problem... $$$$
Why haven't I solved it? because I am lazy. I do not want to go through the process of contacting manufacturers and studying the industry... among other excuses. I am working to solve another issue though.
My point is that there are opportunities outside Amazon and Alibaba. I recommend anyone that is looking for a good business idea to read Unscripted from page 228-300.
Anyone can source from Alibaba and sell on Amazon in minutes. That is when my 'easification' bells rang. However, this does not go for those who jumped on Alibaba and Amazon early on. This also does not apply to those selling shovels to those digging for gold. Programs like Amazeowl, JungleScout, Unicorn Smasher, and so on are the shovels. And you my friend, just starting the Alibaba-Amazon business, are the golddigger.
I tried doing the same (sourcing from Alibaba and selling on Amazon) but stopped halfway. I stopped after finding out how many other people were doing it and the countless programs that are out there to help sellers track sales and find the right products.
I am not arguing that there is no money to be made. A lot of people are making a lot of money. But for people like me, looking for a way to make millions, it will be easy to just focus on solving problems that people are having.
Hit the forums and blogs and people are complaining left to right about all aspects of life. A lot of issues to be solved and a lot of money to be made outside Amazon and Alibaba.
For instance, I was working in a big freezer and wearing my glasses. When I walked out, the warm weather fogged up my lenses. I couldn't wear them for 5 minutes. I googled ways to stop lenses from fogging up. People have all kinds solutions.
However, I couldn't find a single solution that solved the problem 100%. I even looked for solutions on Amazon and Walmart and people were complaining about how crappy the anti-fog wipes and sprays were. Imagine if you solved this problem... $$$$
Why haven't I solved it? because I am lazy. I do not want to go through the process of contacting manufacturers and studying the industry... among other excuses. I am working to solve another issue though.
My point is that there are opportunities outside Amazon and Alibaba. I recommend anyone that is looking for a good business idea to read Unscripted from page 228-300.
Anyone can source from Alibaba and sell on Amazon in minutes. That is when my 'easification' bells rang. However, this does not go for those who jumped on Alibaba and Amazon early on. This also does not apply to those selling shovels to those digging for gold. Programs like Amazeowl, JungleScout, Unicorn Smasher, and so on are the shovels. And you my friend, just starting the Alibaba-Amazon business, are the golddigger.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.