Found myself deep in videos from various different sellers around the globe. However. Most of these sellers were from the states – i wondered where all the uk sellers were. Up until then. My own experience on amazon was minimal – no prime membership. I was a fan of going into the store rather than purchasing online. (that’s now changed though!) so. As a result of my limited exposure to amazon. I did start to wonder about online products and who was actually behind them.
I always thought they were from big brands but turns out their founders were people like you and i! I watched some youtube channels preach the merits of creating a product from scratch. These ‘gurus’ would talk about how private label products were on their way out. After a bit more research though. I started to realize how high-risk an idea this was. Imagine a first-timer not only having to get their head around how to improve an already existing product that is already in demand but then also having to learn about how best to work with suppliers. Shipping. Setting up a company.
The List Goes
On… and also create a product from scratch with no Afghanistan email list knowledge of it whatsoever! Safe to say i quickly scrapped that radical idea. However. I can see the appeal of creating a product from scratch and i would only look to do it once i had mastered the art of online selling. A quick aside about looking beyond amazon when i say “master the art of online selling” i’m not just referring to selling on amazon. Sellers must look beyond amazon and go for as many platforms as they can. If amazon were to one day shut down or penalize your account.
Your entire operation stops in its tracks. There’s no doubt amazon has the greatest market share today. However. Utilizing other platforms like etsy. Shopify. Or ebay is definitely in your best interest. Once your business plan is in place. It’s just a matter of replicating and rolling it out. Copy and paste the back-end keywords and photos – you’re good to go. Back to my journey… once i started to generate my passive income stream from amazon. I decided to study how to properly conduct strategic product research and learn about suppliers.
On how to negotiate effectively with manufacturers. I read up on how to set up a company and register in the uk. Research on shipping and using freight forwarders became a top priority. I immersed myself in various blogs and books written about the journeys of successful sellers. Eventually. The law of attraction manifested a mentor for me. With whom i had weekly zoom sessions. It was here that i would talk about my ideas and the endless possibilities for my brand and messaging. I allowed myself three months to complete all of this research and decided by the end of it i was going to make a decision.
I was either going to go for it or put it to bed. Going for it i reflected on all the compounded learnings i’d acquired over the last three months and asked myself… is this something i could really handle alongside my already demanding career? I decided i wasn’t going to back out now. The momentum i had created was too great. The amount of knowledge i had accumulated also made me feel empowered. I actually read somewhere that only 1% of the world’s population knows how to create a product from scratch and all that it entails.