The Full-Time FBA Show - Amazon Reseller Strategies & Stories
Business:Entrepreneurship
104 - Overcoming Your Fear of Going Too Deep on a Buy - Fears Series
For many people, fear holds them back from turning their part-time selling into a full-time income. In this episode, we address how you can overcome your fear of going too deep on an inventory item.
Stephen and Rebecca take us through what it means to "go too deep" and how it affects your profit margin and turnover time. We break down where your investment should go and why it's important to diversify your inventory. Stephen shares key tools he uses to predict demand and discusses the trade-off between buying lots of cheaper items versus a few expensive ones.
Listen today to learn how to check out your competitors and how location and timing are key in your risk analysis. Using their own experience, Rebecca and Stephen help break down our fears and build our confidence in this must-hear episode!
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