This is going to be more of a motivational post, and not really an educational post like what I usually post. I want to go over the question I get asked a lot:
How much can I make it with selling on Amazon FBA?
First of all, I will not be talking about big brands. Because we all know brands like Nike & Nikon can make millions by selling on Amazon. I want to discuss how much you can make with selling your own private label products. Some PL companies that started just like you and me: from home. What is the true potential of these Amazon focussed companies?
For me, this is the biggest inspiration as an FBA seller, in matters of how big you can grow. Etailz was founded in 2008 by 2 college students and their professor. It started out as an project in their entrepreneur class about how to sell on Amazon. They had huge succes: growing their revenue from $27 million to $93 million, from 2013 to 2015. So they tripled their revenue in a matter of of 3 years! They ultimate sold the company for $75 million in cash & stock! The company is currently selling on all online marketplaces such as Amazon, Ebay, Walmart, Jet & Wish. They currently have over 200 employees and even have their products in some brick & mortar shops. But this all started with 3 people who wanted to sell their products on Amazon. Truly amazing and an inspiration for every FBA seller!
Is Amazon FBA still profitable in 2018?
I know what most of you are thinking: These guys started years earlier and have a huge advantage over me. Well that is definitely true but there are still huge opportunities on Amazon. I am still launching new products every month, you can check out my case study if you want to find out how. And the Amazon marketplace is continuing to grow each quarter as well.