How To Reach 7 Figures Selling On Amazon (1 Million USD) #108 - Q&A Selling Online - From Amazon FBA to Shopify, Digital Marketing and Facebook Ads
Summary: Is it possible to reach 1 Million dollars in sales the first year selling on Amazon FBA?<br> Today we have a question from Miguel about selling on Amazon<br> “Hey, Quin<br><br> Thanks for all the free content on the podcast.<br><br> I have a question about Amazon.<br><br> I just started selling a couple months ago, but I’m not even close to the numbers I see other people share on Facebook groups.<br><br> My question to you is: Do you really believe it is possible to reach One million dollars in sales the first year selling on Amazon?”<br> That is a great question, Miguel.<br> I have 2 things to tell you about this question<br> 1 – I will start with the least important. I want you to know something about the Facebook screenshots.<br> Every single time you see a screenshot of a seller account that has numbers on it, they are trying to sell you something.<br> It doesn’t matter if the numbers are small, medium or huge. And, it doesn’t matter if there is no sales pitch attached or not!<br> You are being sold to! That’s it! Most times when the screenshot shows big numbers, the seller has a course to sell or is trying to sell someone else’s course for a commission.<br> But sometimes they may just be trying to sell themselves! what does this mean, you may ask?<br> Well, it means that this Amazon seller is trying to get attention to his profile, so you can snoop around and see he is a business growth coach, has developed some software, or has a new FB group and are looking for people to join.<br> Others are expecting a bunch of PMs from users (and they will get them, trust me)<br> But no matter what, every single time, there is something being sold!<br> <br> 2 – This is the most important point of the 2, and I want you to listen very carefully to this!<br> Making 1 million dollars in gross sales, selling on Amazon is possible and happens more often than in non-Amazon businesses, BUT…<br> That doesn’t mean anything! Making a million bucks in sales is not a stat to be proud of. Don’t get me wrong, a million bucks is lots of money, but selling a million doesn’t mean you get to keep anything.<br> A good goal would be to net $200k or $250k. Now those are real numbers that matter.<br> Actually, I know many sellers making over a million and some making several million per year, but they are very very tight financially because there is no cash flow.<br> They are running high sales numbers but tinny margins, so it’s more of a volume game, and those are pretty risky!<br> So, to answer your question, yes it is possible, but that is not the most important number you should look at.<br> By the way, Always define your goals, or else they will not mean anything if you achieve them.<br> Set your goals and write them down!<br> That’s it for today.<br> I hope this helps and make sure to listen to our last episode:<br> <a title="Permalink to My Amazon FBA Fees Are Wrong | Ep. #107" href="http://qasellingonline.com/my-amazon-fba-fees-are-wrong-ep-107/" rel="bookmark">My Amazon FBA Fees Are Wrong</a><br> <br> Thanks<br> QA<br> <br>
