I am not sure about the average for FBA nowadays but I can share my experience.
I really don’t consider myself above average. 3 years ago I had no experience with e-commerce, running a business or selling on Amazon. I just had a goal and a $10k loan.
Now I am making $19k profit a month. I don’t know if I have been lucky, since I have had my fair share of FBA fails as well. I honestly anyone who is willing to put in the work is able to do this. And here is why:
All the info you need is out there for free! but it takes time to discover.
Literally everything you need to know about running a FBA business you can find for free. Plenty of free FBA guides, blogs, podcasts, forums, videos etc.
So I start reading all the info that was out there. And I was serious about this. I was listing to podcasts on my commute and reading FBA forums on the toilet.
Over the last 3 years I have compiled the main points you need to look for when picking a product to sell on Amazon:
- $15 + Sales price
- High Demand - at least $3000 revenue per month for competitors in my niche.
- Low Competition - the competition should have around 50 reviews or less.
- Easy to manufacture product
- Healthy Profit Margin - profit margin should be at least 33% of the sales price. So I want to make at least $1k per month on this product
- High Demand - at least $3000 revenue per month for competitors in my niche.
These are the main points, but of course it goes a lot deeper.
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Kevin David's net worth is estimated to be $4 million to $20 million. This valuation considers his multiple streams of income including affiliate marketing, Amazon FBA, Shopify, YouTube and training course.