I started Amazon June 2023 with a full time job doing 100% FBM and was able to quit my job November 11th.
I didnt have the best start but I knew I needed to make this work, now a year later Ive already surpassed my 9-5 income and am going to hit 100k+ profit my first year full time.
Its possible you just gotta put your head down and WORK!
there is always at least 40% of my inventory in "Reserved" between fc transfer and just checking in. I can only imagine the sales if it all went live 😂
100k months are a world of difference when you go from 10% to 20% margins, the switch into food/supplements is the best business decision ive made to date. ( yes this was forced when i got hard gated in 90% of my inventory, a blessing in disguise)
@HolmsieCooks nasty profit margins, makes it easy to scale though! im sitting at 30% right now but want the final to be 40% when i get some review and such to back up the higher price
@jimpate2020@ajassy ever since then ive at least been getting 2week to 2 month warnings on gating but i 100% agree, its more work to send it back then to sell it. Ive long since stopped trying to make sense of if though, Amazon will do Amazon Crap
Lets compare numbers, for those of us who got the hard gate last november how much do you think it costed you between all the fees and such?
i had 3k units and after inbound, removals, selling other wise for lower price outside of Q4 im probably in the negative by about 20-25k
@re_fba im trying to downplay it for my mental health too but wouldnt be surprised if its 30k with opportunity cost factored in, still got 300 units left
Amazon Experiments are a must to be running 24/7, i jsut finished a Title Experiment and the 2nd version had a 4x conversion rate! same views and 4x the sales, always aim to improve!
@EMPYAT5@7FigSaykho the very reason the nike gate was a blessing in disguise, use to run similar numbers but running about a 18% margin this past month, health and wellness can hurt the account health with IPs and such but worth the improved margins
Im still building the business back up after the hard gate from last november but it was a blessing in disguise,
cut my return rate by over 75% and doubled my margins with the move away from apparel and shoes, 100k profit per year is now only 42k rev/month, if i cant do that im going back to my 9-5 😂
Finally getting back into a groove on amazon, been having high highs and low lows haha, grateful for @AllOutTompsons prep center for ripping FBM for me these past couple weeks, lets hope it keeps up!