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Selling on Amazon with Andy Isom

#217 - What scares me the most about Amazon in 2023

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

🗓️ 25 January 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

The number one question I get asked is "Is it still worth it to sell on Amazon?" and my answer is yes. I've seen students of mine start in the last three months and they're doing so well. I believe there are still a lot of opportunities for people who want to be entrepreneurs. While I'm very optimistic for 2023, there's something that scares about selling on Amazon.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Sellers are panicking. Amazon raised their fees. Like, sellers are mass exiting. They're leaving Amazon.

0:05.3

They're going to sell on Shopify. Anytime Amazon raises their fees, my students know about it because I let them know on our weekly calls.

0:10.9

And I feel like over the past couple of years that I've been doing these calls in coaching, I've had to make this announcement quite a few times where it's like, hey guys, Amazon's increasing their fees. Hey guys, just heads up, Amazon's increasing their fees. And it's like, oh my gosh, again, again, again. But the number one thing that does scare me the most about

0:25.1

starting a business is, what's up, guys? You're listening to another episode of Selling on

0:36.0

Amazon with Andy. I sum in this episode, I'm going to talk about what scares me the most about Amazon in

0:43.2

2023. This is a little bit of an iffy episode because I'm actually going to be kind of open

0:51.8

and honest with you guys about my feelings about selling on Amazon in

0:56.1

2023. I get asked the question, Andy, is it still worth it to sell on Amazon? More than any other

1:05.1

question on social media. Like everyone always asked me that, Andy, is it too late to start selling on amazon did i miss the

1:12.9

boat in selling on amazon should i still sell on amazon and the answer that i still give to everyone

1:18.6

is no it like it no it's not too late there is still amazing opportunity to build a business on amazon

1:25.3

and i would still say that today, if I was talking to you

1:28.9

today. And I say this because I've seen students of mine just start, like literally just start

1:36.2

within the last three months who are crushing it, growing, getting sales, scaling their businesses.

1:48.1

So I know it's possible. And I do truly believe that it is possible. And I do believe it's a great opportunity. However, that doesn't mean

1:53.5

that there's not things that scare me about selling on Amazon. So again, in this episode,

1:59.3

I want to try to be transparent with you guys and

2:01.2

talk about the thing that scares me the most about starting an Amazon business in 2020.

2:07.2

And kind of some things to be aware of. First, before I talk about the one thing that does

2:12.6

scare me the most, I want to talk about the things that don't scare me the most that you may think scare me the most.

2:19.6

So I'm going to kind of crush some doubts here. A lot of people have these concerns.

2:25.8

And while these I think are valid, and I'm going to touch on them all briefly, I do think these

...

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