Hey, I'm John Crestani and I've made millions of dollars online. And I'm going to go over the reality of the Amazon FBA business opportunity. I've been seeing a lot of people talk about. And I'm going to lay out point by point what you should know before you even consider starting an Amazon business. Let's get it.
So, the first thing to understand about Amazon is there are 6 million other sellers that you are competing with, okay? It's a very competitive marketplace. You're literally competing with 6 million other people. Now, that's not to say there's a lot of people making money here. But the reality is a look on my screen here, there have been a growing number of articles talking about how people are losing tens upon tens of thousands of dollars because people are being taught that they can get rich quick.
The second thing you have to realize is costs, okay? To start the program, you have to pay 39 bucks, okay? No big deal to be a member of Amazon FBA. But what they're not telling you is to store your products in their warehouse. etc.
The third thing you have to understand about Amazon is bans, okay? It's so easy to get bans. I mean there was just an article out. Come over here. Look at this. Amazon has banned thousands of sellers, okay? Here's 11 reasons Amazon can ban your account, etc.
The fourth reality of Amazon FBA that the gurus aren't telling you is that there's a lot of fraud on Amazon. The biggest source of fraud is review fraud. Now, again, I already stated. This is a reason that Amazon can ban your account. If you try to get reviews of your products in an unfair way, etc.
The number 1 problem with Amazon is a very obvious one. And I have stated it a few times over the course of this training. But its reliance on a single platform, etc.
Q: What is the reality of the Amazon FBA business opportunity?
A: The reality of the Amazon FBA business opportunity is that it can be competitive and risky, with potential costs and challenges that aspiring sellers should be aware of.
Q: How competitive is the marketplace of Amazon FBA?
A: The marketplace of Amazon FBA is highly competitive, with over 6 million other sellers to compete against. While there are opportunities to make money, it is important to understand the level of competition.
Q: What are the costs and realities of starting an Amazon business?
A: To start an Amazon business, there are initial costs such as a $39 membership fee. Additionally, there are other costs involved in storing products in Amazon's warehouse that aspiring sellers should consider.
Q: What are the risks associated with Amazon FBA?
A: One of the risks associated with Amazon FBA is the potential for bans. Amazon has strict policies and can ban sellers for various reasons. It's important to be aware of these risks before starting an Amazon business.
Q: How prevalent is fraud and review manipulation on Amazon FBA?
A: Fraud and review manipulation are real issues on Amazon FBA, with review fraud being a significant concern. Engaging in fraudulent activities can lead to account bans, highlighting the importance of ethical practices on the platform.
Q: What are the risks of relying solely on a platform like Amazon?
A: Relying solely on a platform like Amazon comes with risks, particularly the risk of not having control over your business if issues arise on the platform. Diversification and safeguards should be considered to mitigate this risk.