Win:
- Built a scalable, systemized, e-commerce business that works while I sleep.
Summary:
- After researching several different models including dropshipping and wholesale, I settled on Amazon FBA (Fulfilled by Amazon).
- I ran through 2 cycles of 2, low cost, low margin, low competition and high demand unbranded items to iron out the supply chain management and logistics.
- I then experimented with a higher cost higher margin product in the health and fitness category.
- After selling the first batch within 6 weeks and turning a profit, I asked the manufacturer for a few minor improvements, improved the branding and restocked.
- Eventually, I added another white label Product to my store and started working towards building a brand.
- I created playbooks for Product support and hired a part time virtual customer service rep.
Deep Dive
Below are the contents of my Step by Step Playbook for building, systemizing, automating, scaling and selling an Amazon FBA business.
Contents: