Ask a guy who started an Amazon business in late April and has made $490k (Gross) anything UPDATE

Great stuff man. I was in the business to do the same until I lost my connect. Now I am in the hunt networking again.

How rough if at all was the start? Figuring out inventory and shipping times etc.?
 
Congratulations!

A lot of my friends have access to importing/exporting as well & I ask them the same question as many are on both sides of the spectrum in regard to small-scale and/or large-scale distribution. How do you handle returns/complaints? On a larger scale, it's easy to simply take the "L" & replace/refund the product while on the other side, it can disrupt the overall logistics of an operation.
 
Ain't ee'm mad oh you mad oh you mad . :nthat:

Why did Amazon shut the $4 million business down/suspend their account? What's your short term and long term goal for your business?

If things ever sour (let's hope not) between you and your business partner what would be your next move? What is your area of expertise and what are your responsibilities in the business? Do yall have a contract?
 
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Oh You Mad cuz... :pimp:

Congrats man

You from the 562 right bro?

socal nters doin thangs :pimp:

NT whurl why :pimp:
 
General amazon question:
What's the difference between fulfilled by amazon and another seller?

Does your company have its own website and store (online or brick and mortar) outside of amazon? If so what percentage of your profits comes from amazon v. outside
 
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Congrats man!!! Good to hear a fellow NTer making moves!! looks like u hustled hard in the beginning.

I think i remember seeing a thread way back on importing items in bulk from China to sell. Should of looked more into it. :smh:
 
Seems like your partner and his family is the real brains. Congrats anyway tho...hopefully they don't squeeze you out
 
solelistikn1ke1ne said:
Whats your salary? Since you stated that as overhead.
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No set salary, It depends on how much we made that month. first month we paid ourselves 2,000 this month $8,000. 
JewelKnows said:
Great stuff man. I was in the business to do the same until I lost my connect. Now I am in the hunt networking again.

How rough if at all was the start? Figuring out inventory and shipping times etc.?
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It was pretty rough knowing the risk involved but we knew what we were doing, luckily no big obstacles. 
sniper said:
Congratulations!

A lot of my friends have access to importing/exporting as well & I ask them the same question as many are on both sides of the spectrum in regard to small-scale and/or large-scale distribution. How do you handle returns/complaints? On a larger scale, it's easy to simply take the "L" & replace/refund the product while on the other side, it can disrupt the overall logistics of an operation.
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Amazon Fulfillment handles all returns/complaints a lot of the time they reimburse us. It is very easy to take the "L" since our items range from $5-$20
Brolic Scholar said:
Ain't ee'm mad @Oh YoU MaD.
nthat.gif


Why did Amazon shut the $4 million business down/suspend their account? What's your short term and long term goal for your business?

If things ever sour (let's hope not) between you and your business partner what would be your next move? What is your area of expertise and what are your responsibilities in the business? Do yall have a contract?
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It shut down because of many quality complaints, previous bosses were cheap and greedy. We learned from their mistakes and doing things right.

Short term goal, make 1million gross this year, 3-4mil next year.

Long term goal, go into wholesale distribution, make our own brand but we need a lot of capital for that to be successful because we need to pay creative people and they aren't cheap. 

We care about this company and about making money and we can't do it without what the other guy brings to the table. I handle logistics, transport, day to day operations, and I have to tackle the obstacles that arises with amazon, competitors, etc.  
trunks206 said:
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I am still one of you guys, I don't feel that I am bigger and better than anyone here. Ive been here since high school met a lot of cool people and ya'll like second family. Just thought Id share what I do and inspire some folks. 
CJ003 said:
General amazon question:
What's the difference between fulfilled by amazon and another seller?

Does your company have its own website and store (online or brick and mortar) outside of amazon? If so what percentage of your profits comes from amazon v. outside
Click to expand...
Fulfilled by amazon means- for a higher fee amazon gives you labels to tag each item and send it to a amazon fulfillment center. They handle storage, picking/packing, shipping, and customer service. 

Pros of FBA (Fulfillment by amazon)

-Your items are eligible for prime

-More exposure

-Since amazon uses their shipping discounts a 4 pound item is $3 to ship (for example)

Cons

-Very High Fees

Selling yourself on amazon is rough because if you compute with the seller who utilizes FBA you already lost because customers will always shop with the confidence of prime. You pay shipping but fee is a flat rate of 15% which is still high

We have a warehouse were we receive the inventory from China process and send to fulfillment centers. 
deedeecee012 said:
do u guys take all of ur own product pictures?

are product descriptions all original content?
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We follow popular amazon listings so everything is there.
 
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JohnnyRedStorm said:
when y'all gonna IPO
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Lol not anytime soon. 
Fontaine said:
How do you pay yourself?

I've always wondered this with small companies
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We pay ourselves a base salary plus bonuses, and dividends every 4 months
Mr Marcus said:
Seems like your partner and his family is the real brains. Congrats anyway tho...hopefully they don't squeeze you out
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Yeah they are, but I am learning from the ropes from that side. We have a contract so they can't squeeze me out without me getting a nice goodbye check. Plus its tough to move the amount of volume we are doing right at retail direct from the manufacture. Yeah anyone can do what I do for a lot less and I have been truly blessed for this opportunity. 
 
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