Ep.80 Planning Your Budgets Will Help You Know If You Have the Right Products to Successfully Sell on Amazon

Welcome to the Sprint to Profit Podcast for Amazon Sellers. Today we’re talking about a topic which is at the root of most of the failing Amazon FBA business models. Do you understand what type of budget you need to start selling on Amazon? Are you choosing products that you can successfully sell within that budget?

There is a lot that goes into being successful on Amazon, but you have to have the funds to be able to invest properly, so it can work. Today we will be breaking down what it means to budget properly for sourcing a product and to make sure that product has the best chance at returning a profit and income.

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Talking Points
00:23 Hello and Welcome
00:46 Overview of the problem
03:01 What is your budget?
10:23 Are you priced competitively from the start of the product?
15:22 What are your marketing costs?
22:58 What are your other expenses?
31:45 Summary
32:38 Conclusion