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Selling on amazon. Help!!!

 
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amother




OP
 

Post  Mon, Nov 23 2020, 6:03 pm
This is a S/O of the other thread where people were writing their salaries.
A few people grossed over a million selling on amazon.
I just don't get how. Can you explain? What you sell and how you get it for cheaper that you net millions
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amother




Taupe
 

Post  Mon, Nov 23 2020, 6:18 pm
amother [ OP ] wrote:
This is a S/O of the other thread where people were writing their salaries.
A few people grossed over a million selling on amazon.
I just don't get how. Can you explain? What you sell and how you get it for cheaper that you net millions

$1M revenue or gross profit? Big difference.
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amother




OP
 

Post  Mon, Nov 23 2020, 6:38 pm
amother [ Taupe ] wrote:
$1M revenue or gross profit? Big difference.


No, the posters were writing the business net in excess of 1 mil and 3 million!

I'm wondering if they can pass on some knowledge to help keep some of us aflot. 1/10 of that would change my life completely
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amother




Floralwhite
 

Post  Mon, Nov 23 2020, 6:52 pm
amother [ OP ] wrote:
This is a S/O of the other thread where people were writing their salaries.
A few people grossed over a million selling on amazon.
I just don't get how. Can you explain? What you sell and how you get it for cheaper that you net millions


What is there to explain.
They have best selling products, and they are better priced, better presented, better at marketing in general, better at ppc, than their competitors.

Selling a niche product is great, but it’s for a niche clientele so the profit margins need to be huge.

Selling a popular product can have less profit margins as long as your turnover is great.

You can check out the top 100 Amazon USA sellers and what they sell...
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amother




Dodgerblue
 

Post  Mon, Nov 23 2020, 7:11 pm
Your profit margins Can be higher when you manufacture your own product.


Also any are some business successful and others fail?
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amother




Smokey
 

Post  Mon, Nov 23 2020, 7:21 pm
I know this will sound cliche but it’s true... I had my fair share of time to internalize... parnassah is 100% from Hashem. The most fool proof plan can go belly up and the smallest idea can make millions.. All you need is your basic hishtadlus and the rest will be what He wants.
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