#304 - What would my ideal budget be for starting a brand in 2024

Selling on Amazon with Andy Isom

Andy Isom | Amazon FBA Seller & Agency Founder

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

4.9 • 816 Ratings

🗓️ 6 December 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're preparing to start the new year with a new business, I share with you in this episode the ideal budget you can start with so you can go far with your venture. I break down the important things you need to invest on to be successful.

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Transcript

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0:00.0	Here's the truth, guys. Honestly, you could start a brand with like a thousand bucks.
0:06.0	Could you go find a product on Alibaba that has a minimum order quantity of like five units, 10 units?
0:11.0	Yes. In fact, you can go on the Express and buy one unit of stuff.
0:15.0	So, yes, you could get started with a really, really, really low budget.
0:20.0	But are you really going to get anywhere with that budget?
0:22.4	Probably not.
0:23.3	Your chances of actually doing something with that are super low.
0:33.0	What's up, guys?
0:33.7	You're listening to another episode of Selling on Amazon with Andy Isam.
0:38.2	In this episode, I'm going to share with you guys, what would my ideal budget be for starting a brand in 2024?
0:45.9	So preparing here for the new year, for those of you that are, you know, interested in starting your own e-commerce brand, obviously, specifically on Amazon.
0:54.1	What would my budget be?
0:56.0	Ideal budget. Because here's the truth, guys. You can get started, honestly, with various
1:01.9	ranges of budgets. You could, I'm trying to think of all like the reasons why you couldn't,
1:08.6	but honestly, you could start a brand with like a thousand
1:12.7	bucks. You're not going to be doing a lot of customizations. You're not going to be doing Amazon
1:16.7	brand registry. There's a lot of things that you're not going to be doing right for that amount of
1:20.3	money. But could you go find a product on Alibaba that has a minimum order quantity of like five
1:25.4	units, 10 units? Yes. In fact, you can go on
1:27.8	all the express and buy one unit of stuff. So yes, you could get started with a really,
1:33.5	really, really low budget. But are you really going to get anywhere with that budget? Probably
1:37.9	not. Your chances of actually doing something with that are super low. So my ideal budget,
	...

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