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Selling on Amazon with Andy Isom

#165 - Where do you draw the line of “too expensive to make”?

Selling on Amazon with Andy Isom

Andy Isom | Amazon FBA Seller & Agency Founder

Amazon, Business, Amazonfba, Selling, Marketing, Entrepreneurship, Personalbusiness, Productbusiness, Ecommerce, Onlinebusiness

4.9816 Ratings

🗓️ 27 July 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

In this episode, I answer a question from a student from my coaching program–Where do you draw the line of “too expensive to make”?

 

There are two costs you need to know before you start spending money. First is the landed cost per unit which is the cost for one unit to be manufactured, packaged, and shipped to you. Second is minimum order quantity. These two things will help you compute for the cost of your first order.

 

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https://andyisom.com/

 

Some products and resources mentioned in this episode may no longer be offered. Please visit my website or DM me on social media for currently available downloads, resources, and coaching programs!

Transcript

Click on a timestamp to play from that location

0:00.0

How do you know if a product is too expensive to make?

0:03.5

Like this is a product that's going to be too expensive for me to manufacture or build my business

0:08.2

around.

0:09.0

How do I know when I kind of need to cut the cord, scrap the idea, and move on to something

0:13.7

new?

0:14.7

So in this episode, we're going to talk about a few different things.

0:16.7

In my opinion, no product in reality is too expensive to make if it's a product that sells.

0:24.8

And it's a product that's profitable.

0:32.9

You're listening to another episode of Selling on Amazon with Andy Isom. In this episode,

0:39.4

we're going to answer the question, where do you draw the line of too expensive to make?

0:45.0

This is a question that was asked from my coaching Q&A live call with my coaching students.

0:51.1

So one of my students in my coaching program asked the question, how do you know

0:54.3

if a product is too expensive to make? Like this is a product that's going to be too expensive for me

0:59.4

to manufacture or build my business around. How do I know when I kind of need to cut the cord,

1:05.7

scrap the idea, and move on to something new? So in this episode, we're going to talk about a few

1:09.8

different things. We're going to talk about two very, very critical costs that you need to know. We're going to

1:15.8

talk about, like I said, some things that would make it too expensive. We're going to talk about

1:20.8

how you could potentially fund it and something very important that you need to have money left

1:26.5

over for after you get your product

1:29.6

made. So again, we're going to dive into all of those in this episode. Big shout out to all of you

1:34.9

guys who are leaving reviews. We've got more reviews coming in. We're getting really close to

1:39.0

that benchmark. Like I mentioned in previous episodes of being the most reviewed Amazon FBA podcast. That is my

...

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