Should you quit your job for Amazon FBA!? I share the truth about Amazon FBA, the struggles and everything you need to know!
It’s been a month since Ariana quit her job to work on Amazon full-time. In this video, we will be talking about why she quit her job, her income report, and her biggest lessons.
Why Ariana Quit Her Job
She wanted to commit 100% to her business. While working full-time, she did not have enough time of the day to work on Vino Cards.
The first thing that you should consider when quitting your job is finances. How much are you spending per month and how long can you survive? It’s not going to be right off the bat that you’ll be making lots of money. She needs to create a runway. A runway is how long do you have before your business can take off. There are a lot of expenses that Ariana has to consider. Some of the expenses are rent, park payments, student loans, gym membership, gas, groceries, etc. Break down what your costs are and see how much they are per month. For Ariana, it’s about $1700. Aside from calculating your costs, another thing to consider is how much money your business is already making.
Ariana’s Numbers
Revenue: $2,099.25
Product Cost: $456.00
Amazon Pick-and-pack Fee: $419.85
Amazon Transaction Fee: $314.88
Other Amazon Fees: $40.00
PPC: $214.44
Other Fees: $40.00
Profit: $614.07
Ariana’s Biggest Lessons
One of the biggest lessons is learning what to prioritize. It was a huge driving to Ariana quitting her job. She wanted that time to prioritize and really think about what’s actually going to make the business boom. It is great to focus on what’s working and what’s not. You want to prioritize and focus on the thing that has the potential to grow sales.
I think when you’re only working on your business part-time, you’re only doing maintenance work. You’re not spending that dedicated time to grow the business. While she was working full-time, she did not know where the sales were coming from. She wants to figure out what’s working out in terms of marketing, ads, and influencer marketing.
Another lesson is identifying unknown costs that may be in the coming months. Even though you calculate everything out, there is always going to be something that you can’t calculate.
There are going to be hidden costs.
The biggest thing she learned last month is surrounding herself with a network of people that are on the same book as me. She created a Female Founders’ group and the ladies are also selling on Amazon. They’re going through the same obstacles as her and it’s really comforting to vent about what’s really going on. It’s helpful to have other people that understand what you’re going through. They might have angles on your business that you don’t.