Learn to walk before you can run..
Though my own Amazon FBA journey encompasses various business models and successes, it is most important to acknowledge and reflect back on the mistakes and failures along the way.
I’ve decided to go through some of the unfortunate, yet educational experiences I’ve had throughout my FBA journey and outline some useful tips and resources in an effort to help you avoid them. This post particularly relates to the Private Label Business Model.
My own blunders:
In my hunt for locating the best possible private label products, I wanted to follow the outlined criteria provided by many of the “experts” in the e-commerce sphere. So, what did I do? Well, I sifted through perhaps thousands of articles and course materials, trying to obtain as much information as I could, so I didn’t fail miserably when attempting to discover my first private label product.
- Make sure the item weights less than 2 Pounds
- Make sure the item is not fragile or flammable
- Make sure the item is not oversized
- Make sure the item sells for between $10-$50.
- Make sure the item doesn’t have too much competition; and the competition it does have, should not have more than 50 reviews from at least 3 sellers.
These were just a few of the suggested “criteria” to search when attempting to find your private label product. I decided I’d go all in based on the suggested criteria, and an open mind.