FBA vs Retail Arbitrage vs Private Label Vs Wholesale:

Amazon FBA is dead:

Idea Generator:
https://effectiveecommerce.com/ideagenerator

Amazon Product Research:

Amazon Product Launch Group:

In this video, I will share with what Amazon FBA is and how you make money off of Amazon.

Amazon FBA is a way for you to make money from Amazon where they do most store. This is not a get rich quick scheme, but it is the easiest and the best way to make real money and create a real business online right now.

There are four different ways to sell on Amazon:
1. Retail Arbitrage – You go out to retail stores, find items on discounts and flip them on Amazon.
2. Wholesale – You buy products from a company at wholesale prices and sell it on Amazon.
3. Private Label – This is the old school way of selling on Amazon. You find a product and put your own brand on it, and sell it on Amazon.
4. Create Your Own Product – This is similar to private labeling. You could take an existing product and make it better. You have to make sure though that there is a differentiator. You’re not only creating your brand, but you’re creating something unique and does not exist yet.

There is a lot of benefits from creating your own product. One of them is that there is no startup capital required. You can do a Kickstarter or crowdfunding campaign to raise money for your initial production run.

Here are the steps that you need to take to create your own product:
1. Idea – You need to come up with an idea for a product. One tip is when you type a product on Amazon and you can’t find it or you’re not satisfied with what comes up, that is already a million dollar idea of a product that you can create.
2. Launch Group – Once you have an idea, the next step is to create a Product Launch Group. Creating a product launch group will help you get reviews and sales on Amazon from day 1. When Amazon sees that you get a spike of sales and reviews right away, it’s going to snowball into more and more success. A Product Launch Group is where you get potential customers of your product into a Facebook Group. They help you create the product, design the logo and packaging, and provide ideas on how you can improve it.
3. Kickstarter – This step is where you crowdfund your product. This allows you to test your idea before you spend any money. If you do this right, you may not have to spend any money out of your own pocket.
4. Production – A lot of people are confused with how to do this, but it is actually simple. There are many manufacturing companies out there that are dying for your business and they will make it easier for you.
5. Sell on Amazon – This is where your Launch Group is so impactful because they will be the first ones in line to buy your product. They’re going to leave reviews and support you.