I would like to share with you 3 reasons why you should start a business on Amazon.
Amazon’s success started with one product category, and since then, it has has exploded into one of the world’s largest retail websites. To-date, Amazon has sold 362 million products.
Jeff Bezos, the CEO of Amazon had the vision to make it ‘the everything store’, and he succeeded (Kakutani, 2013). Otherwise known as an online giant, Amazon has forever changed the retail world.
However, keep in mind that building an Amazon business requires knowledge, motivation, time, and effort. If you possess a get rich quick mentality, you won’t succeed. In the words of Marie Forleo, “Never start a business just to make money. Start a business to make a difference.”
Do you want to learn how to build a profitable online business selling on Amazon? CLICK HERE to receive instant access to my FREE training!
If you want to build a profitable online business that generates you passive income, there is no better place than Amazon to get started. Virtually anyone can sell on its platform. Given the sheer volume of sellers on Amazon, it may seem overwhelming to enter into this world, but it’s possible.
Below are 3 reasons why you should start a business on Amazon:
Amazon Is A Rapidly Growing Market
Nobody can deny the power of Amazon. The proof is in its growth rate. In 2016, in their first quarter, Amazon generated $2.6 billion in revenue, representing 64 percent year-over-year growth (Frommer, 2016). Those numbers prove that Amazon is the king of the e-commerce world. They are doing things that no company in history has ever accomplished, especially with regards to physical products.
There has never been a better time for sellers to take advantage of this growing market. A poll of 2,000 U.S. online shoppers conducted by e-commerce marketing firm BloomReach, found a whopping 55% “go to Amazon first when searching for products.” With this kind of traffic, the earning potential is limitless.
Amazon Provides A Platform to Build An Online Brand
If you want to build a sustainable business, you need to build an online brand. It all comes down to leveraging, and this is what will allow you to differentiate yourself from your competitors. The beauty of Amazon is that it provides you with a platform to start building your business. Whether your goal is to build a million dollar brand or just create passive income, expanding your brand beyond Amazon is critical to your success.
The world is constantly changing at such a rapid pace. As a result, any product or service that you create will eventually become irrelevant. However, when you create a brand, even though the world changes, you can continue to prosper because you are creating something of value.
When I built my company, ProjectLifeMastery, I focused on building my brand first, before I created or sold any products. In the words of Scott Bedbury, “The best brands never start out with the intent of building a great brand. They focus on building a great and profitable product or service, and an organization that can sustain it.”
Amazon Creates An Opportunity For Financial Freedom
The best way to leverage your Amazon business is by diversifying yourself and building multiple streams of income. It is the perfect formula for scalability and exponential growth. Keep in mind that anything of value requires an investment of your time and effort. Your ability to adopt a long-term vision will be one of your greatest tools for success.
I would like to share with you a few inspirational examples of people who have achieved financial freedom from their Amazon businesses. Spencer Haws from Niche Pursuits, was able to make $40,000 within 30 days of starting his FBA business.
James Amazio, founder of Feedbackz, went from zero to $50,000 per month in just eight months. Ryan Moran, founder of Freedom Fast Lane, created a 7-figure e-commerce business in just one year (Smale, 2016). Lastly, my girlfriend Tatiana currently makes $40,000 per month on Amazon at 23 years old. If these people can do it, so can you.
Amazon is an amazing platform for achieving financial freedom. Keep in mind that it is a mental, emotional, and educational process. In the words of Eric Thomas, “Fall in love with the process and the results will come.” Are you ready to take charge of your future and create an Amazon business? Believe that you can, and you will. There is no better time than now!
Do you want to learn how to build a profitable online business selling on Amazon? CLICK HERE to receive instant access to my FREE training!