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The Amazon Files, hosted by Kristin Ostrander and Amy Feierman Amazon business strategists and founders of Mommy Income, hits the airwaves every Tuesday with the real truth about selling on Amazon. This show isn’t about sugar-coated reality. It’s real truth - the good, the bad and the ugly - shared with practical action steps and strategies to help both new and experienced sellers tackle the world’s largest retail sales platform.

Feb 12, 2018

The beginning of a new year is a turning point for many as they resolve to do better and be better. If starting your own business is one of your resolutions for 2018, know that you can start your very own Amazon FBA (Fulfillment by Amazon) business with an investment of $500.

Today, we are sharing how to best invest in your $500. We’ll discuss the steps you need to take before you have a legitimate Amazon business, the free tools and resources to help you with your entrepreneurial journey, and how essential research is in this industry - especially when you are starting out.

 

“The key to a successful Amazon business is research.” - Kristin Ostrander

 

This week on The Amazon Files:

  • Why Facebook is not a place to build your business
  • How long you should be committed before deciding whether an Amazon FBA business is right for you
  • Why you shouldn’t compare yourself with the progress of others
  • Why you should take care of the logistics first
  • The advantage of investing in yourself
  • The significance of understanding the rules of Amazon
  • The cost of setting up your business including insurances
  • Why you should focus on one sourcing method at a time
  • What Amazon sales rank is and why you need it
  • How to find out what products to sell
  • Why retail arbitrage is not our first recommendation

 

Key Takeaways:

  • Have everything separate from your personal affairs, especially your figures and finances.
  • Tap into your network to talk with a CPA or an attorney to help you understand what you need.
  • Combine your “why” and the time and money you have to invest, and you have the perfect business trifecta -- you have your reason, time and resources.
  • Understanding what products people are searching for will help you know what products to provide them with.
  • You are one choice away from an entirely different life.

 

Resources Mentioned:


Start Your Business Right!

Equip yourself with the best and the right tools you need as you move and look forward to a thriving Amazon FBA Business. Invest in yourself, your success and learn how to do Amazon-specific research to find what products to sell. Go to MommyIncome/research to learn more about this excellent educational and investment opportunity that will prepare you for the challenges ahead.

And if you’re looking to learn more about and understanding the sales rank of the products you wish to sell, you can access Stephen Smotherman’s sales rank chart at MommyIncome.com/salesrank.

 

Jumpstart Your Amazon Business Today!

Are you ready to jumpstart your Amazon business but don’t know how? We can guide you step by step through easy-to-understand video instructions for your Amazon business must-haves. We’ve got everything you need in one place -- from setting up your Amazon account and shipping your items to Amazon fulfillment centers.

Did you mess up and want to start over? We are here to help you prevent making the same mistakes again. Go to Start FBA Today to start your exciting Amazon journey. What’s more is that you can grab all these fantastic resources for only $97! Use the coupon code sft2018.

If you want to learn more about this program, you can interact with sellers of all levels -- from people who are starting their Amazon journey to those who have been full-time sellers for years through our Facebook community. Listen to the inspiring stories of the lives that have been changed and impacted by this course by going to MommyIncome/joinus with the code startup.

 

Grow Your Amazon Business!

Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Visit us on Facebook each week for a live discussion on how to grow your Amazon business and check out our website for even more resources.