Hi everyone, here is my story of how I failed:
I started selling with Amazon FBA like a year ago. I saw a great gap in the market: the silicone wedding ring. It sold really great on Amazon and there was not a lot of competition at the time. Of course it was my first product and I didn’t really know what to do. After some time I gave some away to get reviews. But I still didn’t rank for the keywords I wanted and got the sales I want. So I made better pictures, optimized my listing and thought it my sales would grow. It did, but only from selling 1 ring per week to selling 2 per week. I was really happy and thought I was doing great! So I bought 500 more rings (started out with only 150). This was a bad idea, the 2 per week dropped and that is mainly because there is a LOT of competion on these silicone wedding rings. So I still have these rings at FBA and I don’t sell even 1 per month….
Now for my second product I saw another gap, there is this great product that sells great, but where is almost no competition. When I started it was the december month and it sold pretty good, but now it doesn’t sell anymore.
I lost a lot of money and I’m feeling pretty bad about it. Especially when you see most of the people right here succeed and I do the same as everyone, just the things Scott says, but I’m just not lucky or forgetting things.
There is another product I found where I see an oppertunity, but I’m afraid it will not go well again. I wanted to ask if someone did 2 products and also failed, and how they got theirselves motivated again?
Thanks for reading and commenting in advance
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