Hey everyone, thought it would be cool to share this with you guys. About 9 months ago I started looking into alternate ways to side hustle and make extra income. I came across selling selling products on Amazon FBA and thought it would be a fun and exciting venture to start out. So I started the process which included finding a product to sell, finding chinese suppliers/manufacturers to mass produce, shipping them to the united states via a sea cargo vessel, then shipping them to amazon fulfillment warehouses.
It has been a long, EXPENSIVE, and crazy journey but I have now been selling my product on Amazon prime going on month #2 right now and have sold over 200 units. I had my best selling day yesterday in which I sold 11 units which makes me very giddy. At the end of the day I put in a total of about $17k to startup (expensive product, selling it just under $40 a unit on amazon right now) and when all my items are sold, i should be clearing about $8k in profit. That is $8k in profit after getting all my initial investment back plus expenses (amazon fees, etc). That is over 40% ROI which is great. Now I just need to see how long it takes to sale all my inventory. If I can go through two cycles in one year of inventory then that is some nice extra money right there. My first production count was 1000 units, this part of the reason why my start up costs were so high to begin with but I wanted a quality product and wanted to stand out from any competition.
So I have never seen anyone talk about this business venture on the forum and am curious if any of you are doing it as well? Would love to hear about it.