#13 What does it take to create an Amazon FBA Business?

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This Episode, #13, deals with one basic question: What does it take to create an Amazon FBA Business?

If you think you have what it takes, then  subscribe to listen to the whole Startup System. Start from episode #3 and go all the way to Episode #12  (episode #1 is a quick intro from me about the podcast, feel free to skip it;  episode #2 gives you the overview of the process I used to get to $20,000 in total sales in 7 months so that might be useful).

**STOP PRESS** REVIEWS CONTEST!

The first 25 people to review the show on iTunes will be entered into a draw. The winner will receive a £50 Amazon Voucher from Amazing FBA! 
Head over to iTunes now and leave your review! If you haven’t  already, you can also subscribe through iTunes to get all the info you need to start your own successful Amazon business!

CONTEST ENDS Sat. 27 Sept. 2015, so hurry if you want to win!

SHOW NOTES FOR EPISODE #13

1. What does it take?
   1. Training/Inspiration/Guidance
      1. inspiration to start!
      2. structure from someone already achieving what you want
      3. guidance (mentor/coach)
      4. community (see later )
   2. Money
      1. training
      2. inventory
      3. China inspection
      4. freight
      5. USA Inspection
      6. inbound shipping
      7. FNSKU labels
      8. Giveaway costs
      9. ALTERNATIVE BUSINESSES if you want to build the  Capital to do Private Label products:
         1. non branded products (Lower MOQ)
         2. retail arbitrage Anybody Can Do It Podcast
         3. eBay
         4. Freelance work – e.g., teaching, consulting
   3. Time
      1. TIMEFRAME
         1. 2-3 months to live
         2. 1-3 months to breakeven
         3. 3-12 months to profit as a whole
      2. TIME COMMITMENT
         1. 20-40 hours/week
         2. 10-20 hours/week possible
         3. competition!
   4. mindset
      1. DOUBLE VISION
         1. “Vision” (Imagination of ideal future)
         2. Seeing clearly (Reality)
      2. Reason Why -strong strong motivation
      3. trusting your intuition – whatever it says
      4. finding a true match
      5. persistence
      6. beware paralysis by analysis!
      7. Take daily action
      8. Surround yourself with like minded people
   5. Community
      1. online
         1. podcasts
         2. facebook groups
         3. blog
      2. offline
         1. Skype accountability group
         2. face to face meetings

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Watch Amazing FBA Podcast What does it take to succeed with an Amazon Private Label business?

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