The No.1 Reason Sellers FAIL! (Amazon FBA UK 2023)
If you are STARTING an Amazon FBA business in 2023 you NEED to understand M.O.E! In my opinion, M.O.E is the number one reason that Amazon FBA beginners FAIL or SUCCEED at Amazon FBA.
Most people start Amazon FBA as they want to make money selling on Amazon. The key to selling on Amazon for beginners is to focus on profit margins and not be willing to sacrifice them.
Many new Amazon sellers struggle with Amazon product research and because it is difficult they often settle for a low profit product. The most successful sellers don't sell low profit products, they continue with product research until they find a product with bigger profit margins.
To help with this I want you to stop thinking about profits as profits, instead, I want you to see them as your Margin Of Error (M.O.E).
This is the margin you have to work with to sell a product before it makes a loss and it is the buffer you have to protect your investment
By thinking about potential profits as a M.O.E, it's much harder to give them up and it will help reduce the risk when setting up an Amazon business.b
What is the minimum profit margin you look for when selecting private label products for your Amazon FBA business? Let us know in the comments below! !
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