EP41: Using Fulfilment by Amazon to Launch your own E-commerce Business, with Michael Veazey
Launch your own E-commerce Business
Are you prepared to commit at least 20 hours every week to launching your own E-commerce business using Fulfilment by Amazon?
On this week’s episode of Escape The Rat Race Radio I’m pleased to welcome Michael Veazey, Founder of Amazing FBA and host of the Amazing FBA Podcast.
Having been a musician and music teacher for a couple of decades, Michael got tired of the low pay (and bored with watching small children try to play the piano whilst piano teaching!).
He discovered the Amazon Private Label opportunity and loved the creativity of being an online entrepreneur, as well as the time freedom it gives once it’s up and running.
Michael has always loved listening to intelligent “talk” radio (mostly Radio 4) and that expanded to include becoming very inspired by many great business podcasts and blogs over the last few years, like those by Tim Ferriss and Seth Godin.
Although there are now many other good podcasts about selling on Amazon in the USA, they are all aimed at US based sellers. There seemed to be no podcast specifically for Sellers who live in the UK selling in the USA and/or in the UK. So, Michael decided to create it!
In this interview, Michael suggests that Ecommerce is a good opportunity for anyone looking to generate an additional income stream to consider due to it’s rising trend over recent years, with absolutely no sign of things slowing up.
QUOTES
‘You can’t just throw a private label on a mediocre product and expect to sell it.’- Michael Veazey
‘Fear can be telling you useful things, and other times it can just be blocking you’- Michael Veazey
‘Part of what you need to spend time, money and effort on is exploring different business models thoroughly.’- Michael Veazey
IN THIS EPISODE YOU WILL LEARN
Why Amazon FBA can present a great business opportunity, however you do need to be realistic about the amount of starting capital you will require to build a serious business, with £5000 being the minimum amount Michael recommends
How Michael implements accountability into his mastermind groups to help his mentees take action towards achieving their Ecommerce goals
Why you shouldn’t really consider launching an Ecommerce business alongside your day job unless you can dedicate at least 20 hours per week into managing and growing it
The 3 Step Formula that Michael teaches to help brand new Amazon sellers get their first sales on Amazon
The process you would need to follow in order to research your chosen products and order samples from Chinese suppliers
Why it can be advantageous to dig deeper into a niche once you have discovered what’s working, rather than go broad
How Michael’s desire to be on radio led him to launching the Amazing FBA podcast and how he quickly recorded his first episodes
What the term ‘retail arbitrage’ means and how you can use this to start selling on Amazon very quickly
GUEST DETAILS
Amazing FBA – Official Website -http://www.amazingfba.com/
Amazing FBA Podcast on iTunes- https://itunes.apple.com/gb/podcast/amazing-fba/id1030237683?mt=2
Michael Veazey Linkedin Profile- https://www.linkedin.com/in/michaelveazey/
Amazing FBA Facebook Group- http://amazingfba.com/fb
LINKS & RESOURCES MENTIONED IN THIS EPISODE
Amazon FBA 2 Hour Taster Session – Tuesday 10th April 2018- https://www.etrr.online/amazonworkshop
Amazon FBA 1 Day Training Course with Michael Veazey in London – Saturday 21st April 2018- https://www.etrr.online/amazon-fba-1-day-training-course-hosted-by-michael-veazey/
Listen & Download the Audio Version: https://www.etrr.online/michaelveazeypodcast
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