/biz/ - Business & Finance

>>15804728
What makes for a good ecomm unit?

thanks :)

>>15804728
Are you the anon from the other thread?
If I were to start amazon FBA what are some sources you would recommend?
Is this something that is long term? (I.E you could compete/do well for the rest of your life, or at least until you retire)

>>15804728
Bro I am just getting started. Found my niche and am acting like a normie. Great feeling. Cant wait to pull numbers like you.

>>15804862

1. Use amazon. Literally the best place to find out what products work is by finding out what are the best sellers.

2. Find things that sell okay but could sell better if they weren't shit. Figure out how to make that product not shit (marketing? Design? Packaging? Etc).

3. Make the required changes/improvements

4. Find out the cost of fulfillment and shipping and all that jazz (there are tools online for this), subtract costs from sale price and see if it's worth the time. Make sure the product is profitable. Is it a $25 item that costs $3 and weights less than a pound/is small? Probably worth doing.

5. Source on alibaba or wherever you can. If you did number 4, you will know the prices you'd be able to pay to make the product worth doing.

6. Rinse, repeat.

>>15804904

Nice work! I was doing around that much only a few months ago! I had to restart a bunch of stuff because I sold everything to start a larger company IRL. That's building up without my help so I can refocus on my amazon brands.

Protip: BUY REVIEWS. Omfg you can go from 0-1000 in like 2 months if you buy reviews.

>>15804992

I went from like $100/day to $1000/day in less than 12 months basically restarting from scratch. I did not use more than a few hundred per month to restart. it's really possible!

>>15804904
Btw, what's your product cost for a $20 item?

Any idea of your profit margins?

>>15804728
FBA master race

>>15805026
Makes me proud, anon.

Looks like you've hit a plateau. Time to get the next product up or start adding variations.

>>15804977
Do you keep all the shit in your house?
If a product needs different packaging or something that seems like something you’d need to hire someone for.

Thanks for the info anon

>>15805064

FBA is all stored in amazon. You send your inventory to them. Don't hold anything in house.
I've been doing all my own packaging or getting the supplier to do it, including labeling for fba.

>>15805064

oh and yes, if you build a solid brand, this is long term.

>>15805071
So if a product has a design issue how would you fix the actual product without physically shipping the units to your house?

Also what about long term sustainability for earning? Could this replace a good job? Currently have an engineeeing position but I don’t like waging.

>>15805082
Oh alright. Well I will look into it. E commerce seems difficult but actually viable unlike crypto gambling.

Last question: is buying reviews legit? How do you do it? What if you get caught?

>>15805086

I would buy the product and check it out in person. Then once I have a full understanding of the issue, you can find a supplier, send it to them and discuss the changes you want.

Buying reviews is NOT legit, but it is a quick way to get going and pretty much everyone does it.

>>15805095

Google it. Find a service to do it. You won't get caught unless it's really obvious. Pay good money and get good service. The best ones are verified, requiring you to have a product in stock, they buy it, you pay them the cost of the item and review. You do not get the item back, but they give you a 5 star review with whatever message you want them to say (or they do it themselves) and your sales increase drastically. 5-10 reviews is all you need in some cases. I buy about 20/month for my products because competitors tend to pay people to give you bad reviews so it evens out.

i like this thread but I don't understand what's going on can someone explain this in brainlet terms?

Where do i take items to resell?

>>15804728
I was doing really good on Mercari and eBay but then I ran out of inventory.

>>15805169
I do 100x on amazon than ebay.

Ebay is for cheap chinese junk or expensive stuff you wanna sell pretty quick. Idk.

>>15805163
>5

amazon.

>>15805214
I sell used stuff, vintage collectibles, shit I get for free off the curb and in the free section of Craigslist. All one off items I don’t have multiples of. Idk of a better marketplace than eBay for that stuff.

>>15805240
faceboomer market too i'd imagine. Start a shopify.

>>15804728
Ecommerce? I havent heard of this coin. Tell me more, isn't like chainlink? I love chainlink.

>>15804728
>t. 19 y.o. armchair wantrepreneur

>>15805289
t. retarded jew coinshill

>>15805139
>because competitors tend to pay people to give you bad reviews
Wtf this sounds awful. How is an up and comer supposed to compete

>>15805357

By the time they notice you, you'll be making 6-10k/month and can afford 200/month in reviews.

Aren't u afraid of putting all your eggs in the Amazon basket? Your products can dissapear from the first few pages pretty quickly, and if it does really well Amazon will just start selling your product and slap an Amazon basics logo on it and delist you. Also Amazon ALWAYS sides and with the customer and gives zero shits about it's sellers. Amy negative review isn't even worth disputing.

Former FBA Chad. 80k a month for 6 months then 8k then 1k then I gave up ...

Do you do any advertising? Or all just through ranking on Amazon search in your particular niche ?

>>15805498

Sorry for your loss chad, but the idea is to have relatively unique products that cannot easily be replicated by amazon. They only go after huge selling, easy to replicate products, and usually just source it from the same seller at a wholesale price. I know plenty of chads that did so well amazon basically bought exclusivity from them and they went from $50k+ to millions per month.

Have multiple products, continue to add new products, innovate. Always something new to throw into the market place if you are trying at all. My 2 cents.

>>15805538
amazon search is best search. Minor ads.

What's an example of a niche market?

>>15805682
Anime/manga merch
Niche vape stuff

>>15805149
Buy cheap shit from China, sell it at a markup through Amazon, buy chainlink with the proceeds.

>>15805696
Can't sell vape or tobacco stuff on Amazon anymore. Maybe ash tray or grinder but bongs or vape batteries will get u booted real quick ...

>dude never sell sticks lmao

>>15805810
>What are dividends (forced selling of stock(s))?
>What are assets on paper (networth) and/or stepped up basis on investments for heirs ?
>What is generational wealth?

>What is the average 4chan AnusCoiner going to do when "investing" in buttcoins for 15 years was the wrong move?
>What's the name for people that are still waiting for the good times to return? But they never do and the next best thing escapes them?

That's life.

>>15805666
checked
how do I do proper niche research? I tried doing FBA once and i was selling fashion jewelry which is obviously a shit niche. i managed to break even and then sold the rest of my stock to amazon for $100.

>>15805905
This
Also which Chinese sites to buy from

>>15805715
>>15804728
OP I'm motivated as fuck here. I'm tempted to sell off some of my LINK stack to get started. How much do I need, would $5000 or would you say more? I have good ideas on a few niche markets, but how to actually market the products? I'm confused how SEO of Amazon listings work? Of your 80 average units a day, how many different items is that split from on average and how many different niches do you have running at the same time? I have so much time to learn, develop a plan, and execute. Teach me!

>>15806008
Depends on the category. For example, I once bought a product that cost me $.01/unit and was selling them f or $7.99. Made about 4k on that, only bought $300 worth. For non-meme products, $5k is plenty to get an initial order out for a $10 retail item. Should cost you around $1 each and you can buy a thousand of them np. Rest goes to buying reviews and refining the product in case people have complaints or ask for improvements.

>>15805696
>Anime/manga merch
Isn't that shit fucking expensive though?

im retarded. is this thread talking about dropshipping?

>>15806048
Woah, so to understand you right, I'm using $4000 of the $5000 on marketing/customer service, and only a $1000 on the actual merchandise? I don't cosplay but I know hundreds of people who do and follow tons of Anime Con groups with thousands of members I'm sure I could market to. Its just a matter of finding the products I guess. Maybe selling frequently used items in packs for cheaper etc. Idk. That's insane margins you described in your example of profitting 4K, yet you are telling me to aim for around 50% with the numbers you posted. I didn't think selling things for $10 would be worth it just starting out and figured I'd need to do more expensive things to make it worth while.

>>15806048
I've been working on ebay, selling SE'd fitbits but want to leave the platform for something else and expand to different products.

Here's what stumps me, how do you go about finding websites that sell a product such a cheap price? Please explain your process on that to a virgin ebaylet, fren.

Also for amazon do you have to do any advertising or does that only go as far as buying reviews?

>>15806125
I'm sorry 100% margin on the example not 50%*

>>15806125
For example, a good $10 item will cost about $3 in amazon fees, $1 in item cost and $1 amazon advertising and refunds. Rest is profit.

>>15806048
I also thought maybe political shit would be easy to sell too since we are coming up on 2020. Just shirts and shit to make fun of both sides and profit. My friend wanted to do toliet bowl cakes shaped like politician's faces or something

>>15806134
Go to south america, china or asia. Source from them, not other websites. Alibaba is a great place, and similar ones.

>>15806145
I see thank you for the breakdown. All of this is helpful. Any specific resources you read to start? I feel like I do research on these things a lot but I don't act. I don't know how to start sort of!

>>15806135

Retail "margin" is about 50%-60% of the price sold generally. I try to get a net margin after all costs of around 50% of sale. Profit margin on cost is much higher.

>>15806152
When you buy from them it’s possible to have it go right to the fulfillment centers?

One thing I don’t understand is getting “unique products” since you’re just buying them from wholesale sites it seems like all the good shit will get eaten up by the high end players before you can do anything.

>>15806174
you turn a wholesale product into a unique one with branding and unique features, value add, etc.

>>15806193
Yes, but doing so on a large scale will cost a lot of capital.
For example, if you wanted to slap a logo on fidget spinners, you’d probably have to pay someone x$ per spinner which would eat significantly into your profits.

I understand that it’s all about being profitable in spite of these things, but to me it looks a lot more difficult than it seems on the surface.

Don’t mean to be negative, I’ve just seen so many things like this before that gave me a false sense of hope.

>>15806269

You buy them in bulk. Buy packaging in bulk and do it yourself, or tell the factory you want "x packaging" and they will do it if you order enough. Should be mild costs. Pennies per unit.

>>15806330
This is really good shit anon. I wish there was a way I could reach out to you directly. I’d love to pick your brain further and provide value somehow.

>>15806193
>you turn a wholesale product into a unique one with branding and unique features
Could you please give an idea of what you mean by a unique feature? Let's say someone on Alibaba is selling a headphone stand and I think it would look better with three legs instead of four at a 35 degree angle instead of 20 and a rubber base, instead of metal. They surely cannot do that?

>>15806451
Maybe i should start a discord. Idk

>>15806451

Lets say you want to sell... a toothbrush.

Instead of a normal one, make it out of bamboo. Or do a 2 pack. Or a 10 pack. Or have a really nice box it comes with and talk about how it's 100% vegan biodegradable.. or include a free tooth-brush box to hold it in. Or make it with special kinds of bristles. All kinds of ways.

I'm also browsing Alibaba right now and seeing cute pencil cases that I'm 100% sure women would buy if they're in a store but not over the internet. It is hard to wrap my head around people paying $20 for a product that you can buy on eBay/AliExpress for $2.

>>15806501
>Instead of a normal one, make it out of bamboo. Or do a 2 pack. Or a 10 pack. Or have a really nice box it comes with and talk about how it's 100% vegan biodegradable.. or include a free tooth-brush box to hold it in. Or make it with special kinds of bristles. All kinds of ways.
Thanks. I get you. Companies on Alibaba are that open to modify their products where they would source bamboo from somewhere for the handles and replace the bristles? Had no idea, thought it was "what you see is what you get" other than a logo or a sticker slapped on it.

>>15806506

Well you only pay $2 because you are buying bulk and shipping and packaging and all that. They would have to buy much more to get your deal.

>>15806524

Oh ya. If you order enough, you can get them to change all kinda of things. If it's small, focus more on packaging and the "brand". Larger stuff may require you to buy molds, really depends on the product.

>>15805498
>>15805666

Can you please give an example of what you sell?

Everytime i hear about this it just seems too good to be true and I have no clue what people have or how they even find niche things that people like they aren't already buying already

>>15805024
I appreciate the information you are providing, we should totally do FBA threads more often. I sell Baseball hats, and snapbacks. They are good quality and I have started raking in 5 star reviews over the past month. My profit margins are around $10-$11 which is really nice.

I started off a couple years ago with Tanner J. Fox's course. I only managed to make a $1000-$2000 profit using his jungle scout strategy very slowly. I then started taking risks selling apparel that I liked. Made way more profit that way. Im sure you can make money finding products on Junglescout/helium10, but whenever I find a solid product with like 3 sellers it always gets flooded within 2-3months and my profit margins go down alot.
I am posting from my computer now, so I am not sure if I am the same ID or not.

Also just so you guys know I am all in on LINK and Amazon FBA.

>>15806269

>Don’t mean to be negative, I’ve just seen so many things like this before that gave me a false sense of hope.

This.
All the youtube Amazon FBA shills like to talk about how much Sales they have.. who gives a fuck I want to know how much profit you have.

>>15804728
OP off your 17K sales, how much is Profit?

>>15805024
Also for my latest 2 products I am selling about 2-3 of each a day. Was not expecting to sell so fast. Almost out of inventory. Gunna be about 20 days until the restock makes it to the warehouse. I will have enough to hopefully last the busy season. Once I get my restock in I already have a couple new products I plan on launching as well. I can't believe people think this shit is dead.

>>15804728
Is there a good resource for FBA? Online video course or ebook you recommend? Maybe a community that discusses it in detail? (not biz clearly)

>>15806588
Lol like I said I started with Tanner J. Fox's amazon course. He was bragging about his product sales on his livestreams. This was back when fidget spinners were popular. On stream he was telling people not to buy them. Then one day he has a guy come on that is a "success student." I paid the guy $30 for an hour of skype consultation and he told me he was selling only fidget spinners and also that was what Tanner was primarily selling too. I lost hope in any FBA guru out there and decided to figure shit out myself.
It has taken me a couple of years to finally reach a ok level of success, because I am a waiter. Most of my money would go into rent, food, and crypto, but I never stopped buying new inventory. Ive only had a loss on 2 products out of 7 I have launched.

>>15806577
It gets flooded because literally every motherfucker is doing that strategy because it's an easy way to sell courses to people. Honestly, I just search random terms and find 1-2 products I like and try to find where I can put myself in.

>>15806588

Here you go. Those fbaniggers and dropship masters are literally selling their own products and faking sales to sell their courses. It doesn't matter

>>15806638
Do you use junglescout or helium 10?

>>15806601
No. It's all shit. I did this before reading about any courses. I had a product I was selling pretty well locally and just put it on amazon. Bam.

>>15805026
Thats baller. What kinda products do you sell? What is your profit looking like?

>>15806631

Almost as if he wants to make money on you AND not have a bunch of people taking his sales with competition calling it a dead niche. Typical

>>15806654
Just started using helium 10 for keyword hacking, Makes shit easier and gives me a profit dashboard to keep track better. I use AMZ scout to see what's selling. I use my own logic to figure if anything is worth doing. Don;t subscribe to the saturation stuff., Most easy products will fill fast, harder/unique products have plenty of room to compete.

Fuck man, I might just start buying storage units again.

>>15806689
Storage units are GREAT MONEY. I wish I could do that but its super saturated in my city.
If a recession happens, you are looking at massive money too.

>>15806631
>Ive only had a loss on 2 products out of 7 I have launched

How do you know when the product is a dud?

>>15806756
when you have over 10 reviews and aren't making at least 2k/month on it in my mind.

>>15806707
I got out of it because faggot boomer gamblers were chucking $1k bids at every locker in hopes of scoring that “one thing” that yields 3x.

I want to start fiddling with Merch by Amazon for some side cash. When it comes to e-businesses, it seems like niches are everything. What are your strategies for discovering new and powerful niches OP?

>>15806799

Oh i thought u meant owning storage. Fuck gambles.

>>15806823
Niches are a thing because they are easier to control. Billions of dollars in the tooth brush game, but maybe a few million in pink bamboo brushes.

Are niches like video games/movies/anime even profitable?

>>15806858
Not really since everyone does it. That's big money stuff. Licensing deals and owning the factory and jewish relatives.

>>15806837
I'll join if you make a discord senpai. If only /biz/ was all about exploiting the internet to make fat stacks instead of buttcoins.

>>15806904
bFkWHV

That's a discord linky
it is done

>>15806501
How are you going to make it out of bamboo? Who is going to make the box? At that point wouldn’t it just be better to have your own dedicated site?

The stuff your talking about sounds more like creating your own product than taking an existing one an upgrading it.

There’s no way you could pay someone to change bristles/make a box and still have enough profit margin to make it worth it, and doing it yourself would take waaaaaaay to much time.

>>15806927

You want to pay for marketing and advertising a new brand? Amazon is 10x the sales for almost zero advertising cost

>>15806927

No one has gone into detail about the communication side of this all. Are you dealing with 2nd worlders through email trying to haggle them down? Say you find a base item that could morph into a niche you've dreamed up. Hit up the supplier and throw out a count of what you'd be willing to buy IF they do this and that to it? What's the game

>>15806829
No, I used to go to storage locker auctions and flip the contents at swap meets. Then that stupid tv show came out and I got shoved out of the market by guys who thought they could make fat profits by finding safes and jewelry boxes.

I might go check out the auctions in my neighborhood to see how the prices are now. I sold at swapmeets and consignment stores. Now I might go digital.

>>15807018
Yup thats exactly how it works broski

>>15807018
then where do you get the order shipped to some Amazon FBA fulfillment facility?

>>15807018
yep. you talk to an assortment of chinks all looking to sell you, offer you terms, ask you for your whatsapp, email, wechat, w/e. Spend the next couple days or weeks figuring out what you want and how much it will cost. They end an invoice via alibaba, you pay whatever it is, and tell them where to ship it. Some do door to door, others require you to hire a 3rd party logistics company.

Any of you in Europe? This sounds nice for burgers but not sure if it's easy to do from Europe, should I just ship to USA FBA or Europe as well (or only Europe)?

>just pretend to be a normie bro
much like "only pretending to be retarded", you can only pull this off if you are, in fact, a normie

>but i'm super special because i was diagnozed with asperger's once and i watch anime
you and about three hundred millions kids

>funnel your profits into the boomer ponzi stock market and HODL forever to defeat the jews, goy!!
good one

>>15807685
Join the discord. If you have a good product, I might host it on my account.

>>15806919
God bless you, so excited to be apart of ur big boy entrepreneur group

>>15804728
im considering doing this, vs 'wev dev' im doing right now.. spoon feed me plz

>>15808110
'web development'*

>>15804728
Do you have Udemy courses to recommand us ?
Please Sempai

>>15805411
so basically it's advised to never look at reviews, but how do you even make sure a product that you buy is legit

Make a discord

Is there a good guide to getting products out there?
For example is there a good way to get sales stats on similar products that are already being sold?

>>15806598
>
are you using chinese manufacturers or what

>>15807685
yes you can do FBA in the states if youre in Europe. I was in Canada and I just had the chinese send the goods to the amazon warehouse in the US.

>>15808610

You can't really. Common sense will make the obvious ones stand out (reviews for other products in the listing). At the end of the day pretty much all products are the same general quality and there isn't some "magic" product that is better than the other. All you can do is add functions, remove functions, make cheaper or make more premium (if that is an actual thing). Amazon does do some of it's own work to keep products in check, but it really is just a crapshoot.

>>15808553
On what? Courses are pretty much all bullshit. Maybe when I get bored ill do a free guide or two in exchange for free product reviews on my shit. At least that way we are both getting something for it and no one is getting taken advantage of.

>>15808793

Easiest way to find that is going on places like aliexpress and seeing the order volume, going on alibaba and finding the high transaction companies and ask them what they are selling the most (they will generally tell you because they want people to buy their shit). Google trends for general ideas of interest regarding a trend or topic... amazon gives each product a ranking, so find that number (above the reviews generally) and use that to find out sale (google "amazon sales estimator" and put that rank in and select the right category... pretty accurate desu senpai.

>>15808815

Chinese, south american, looking for american asap to get "premium" shit on amazon and ride that value wave/

>>15805071
What's FBA

>>15809387
on amazon FBA

>>15809650
amazon literally has free courses