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How I Lost 24k on Amazon FBA - The Truth About Amazon FBA

Published on: December 5 2022 by Travis Marziani

Are you considering selling on Amazon using the FBA (Fulfillment by Amazon) program? It may seem like an easy way to make money, but my experience shows that it can be a risky venture. In this article, I will share my personal story of how I lost $24k on Amazon FBA and the truth about this program.

My Story:

I was excited to start my Amazon FBA business, and I did my research, found a product that I thought would sell well, and placed a large order from a supplier in China. I invested all my savings into this venture and waited for the shipment to arrive. When it finally did, I discovered that the product was of poor quality, and the packaging was damaged. I was left with a huge inventory that I couldn't sell.

I tried to work with Amazon to return the inventory, but I was unsuccessful. The fees for storing the inventory were piling up, and I was losing money every day. I tried to sell the product at a loss, but the competition was too high, and I couldn't even recoup my investment.

The Truth About Amazon FBA:

1. It's not easy money: Amazon FBA requires a significant investment of time and money, and success is not guaranteed.

2. Competition is fierce: There are millions of sellers on Amazon, and the competition is only getting more intense.

3. Quality control is crucial: Amazon customers expect high-quality products and packaging. If your products don't meet their standards, you will receive negative reviews and lose sales.

4. Amazon's policies can be unforgiving: Amazon has strict policies, and if you violate them, you could lose your account and all your inventory.

While Amazon FBA can be a lucrative business, it's not a get-rich-quick scheme. It requires careful planning, research, and investment. Quality control is essential, and you must be prepared to deal with competition and Amazon's policies. Learn from my mistakes and approach Amazon FBA with caution.

How I Lost 24k on Amazon FBA - The Truth About Amazon FBA

In this article, we will discuss five mistakes made in Amazon FBA that have cost thousands of dollars. We will also share ways to avoid these mistakes and provide the truth about Amazon FBA.

Mistake #1: Creating loser products

- It is crucial to validate your product idea before launching it.

- Ensure to ask your product launch group, Instagram fans, and email list if they want the product.

- Don't assume that just because you create a passion product, it will be a success.

Mistake #2: Not understanding your numbers

- New Amazon sellers must understand their numbers to avoid losing money.

- Calculate all your different numbers, including sales, product costs, and cash flow.

- Be aware of all the fees associated with Amazon FBA, such as advertising and PPC.

Mistake #3: Manufacturing issues

- Get a contract with your manufacturer, and make everything explicit.

- Get everything in writing, even when discussing things over the phone.

- Be aware of all the fees associated with manufacturing, such as cleaning and packaging costs.

Mistake #4: Making stupid mistakes

- Pay attention to details and don't overlook anything.

- Always double-check everything before launching a product.

- Don't assume that everyone knows everything.

Avoiding these mistakes can help new Amazon sellers save thousands of dollars. It is essential to validate your product idea, understand your numbers, have a contract with your

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