Hi, I started fba 1 and a half years ago after watching your 5 hour free youtube course. Im looking into a new product now and noticed you mentioned very low cogs for your product. You said that you are sourcing a product for $3 and plan on selling for 40usd initially and increasing the price up to 50usd. This suggests a cogs less than 10%. Maybe slightly more with shipping. These cogs seem extremely unlikely to find. Additionally you said that upto 50usd selling price, cost should be a maximum of 10usd. In my experience, i have found this very difficult to find in competitive niches. How likely is it to get these numbers? Did you get those sourcing numbers by leveraging your business? Or the fact that the product is very unique. Or by leveraging high quantities?
Why are you starting on Amazon vs Shopify (your own store)?
Hi, I started fba 1 and a half years ago after watching your 5 hour free youtube course. Im looking into a new product now and noticed you mentioned very low cogs for your product. You said that you are sourcing a product for $3 and plan on selling for 40usd initially and increasing the price up to 50usd. This suggests a cogs less than 10%. Maybe slightly more with shipping. These cogs seem extremely unlikely to find. Additionally you said that upto 50usd selling price, cost should be a maximum of 10usd. In my experience, i have found this very difficult to find in competitive niches. How likely is it to get these numbers? Did you get those sourcing numbers by leveraging your business? Or the fact that the product is very unique. Or by leveraging high quantities?
Nice
Dan…. I have high levels arsenic in my blood.. I am so tired. No idea where is coming from…
What is the scratch budget to start it?
Thank you Dan for the precious info i want to start freedom course but i am curios coz i have been scammed in past.
all about mindset.. i am still delaying starting it..
why? u don’t delay being on youtube watching bs though. or scrolling on tiktok or watching ig reels.
@@lamm7656 facts! Actions beats everything
@@lamm7656 Maybe watching bs brought him/her to this gem, that’s a start.🤷♂️