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SGW 015: What Does It Really Take To Run An Amazon FBA Business?

Today we’re talking tools and tackling the number one question I get asked – what does this business really cost. Before we start, I wanted to share a tip that helps me accomplish as much as I can each day to move my business forward.  Before I go to sleep I make a list of three things I will accomplish the next day and I attempt to get through all three.  I suggest you do the same and let me know how well it works for you.

I’ve been using Feedback Genius for some time as it works to automate seller feedback, and handle product reviews for my Amazon business.  I believe anybody who uses a tool like this will do better in their business.  I’m going to explore a new tool, Salesbacker which does the same types of things, but also provides stats on how well your emails are performing over time.  I’ll be checking it out and may switch if it performs well. The next tool I discuss is actually many tools in one.  Amazoworks, only has a few tools ready now, but additional ones are coming and will do everything from automating tweets to getting reviews.  The third tool tip of the day is Snagshout, a pay per coupon code redemption that I have found is resulting in getting back a higher level of reviews.  

Running an Amazon FBA is really one of the most cost-effective businesses I’ve ever seen.  I often get asked just how much does it really cost.  It certainly has less overhead than what’s associated with a brick and mortar business.  It is inexpensive to get started.  I’ll fill you in on cost amounts associated with these main areas:

  • Education
  • Inventory
  • Marketing
  • Promotion
  • Overhead Costs

People have a fear that this is going to cost a lot of money.  Investments, like inventory, are the things that are going to immediately make you money.

I have another free online bootcamp coming up.  My  private label FBA bootcamp will give you the help you need to get started, step-by-step.  If you’re already a seller, we’ll have some tips to propel you further. Sign up today!

What crazy thing have you done today to move your business forward? I’d love to hear about it. Let me know

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