Looking to try entrepreneurship for the first time. And thinking of relying on alibaba or I’m importing stuff from overseas, how do you validate if a product would be success without actually selling anything? Is it all marketing ? Tc: $80K
We really are in a recession aren’t we
You’ll lose money on Amazon. I’ve worked with brands that sell there and very few third parties are making money. If it’s profitable, Amazon strikes a deal with one of the top sellers in a category for them to produce an AmazonBasics version, then nobody else has any real entry opportunity. Most third parties are selling on Amazon as a loss-leader to build brand recognition, pouring all of the meager profits plus a lot of cash into Amazon Marketing Services (AMS) to attempt to gain market share. The vast majority of the remainder with established products/brands are barely breaking even after expenses, shitty terms, and AMS.
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There are better ways to increase your TC man
What do you recommend?
Buying a small business with established revenue and optimizing it