The Location Independent Startup Show

#9 How to validate your million dollar idea (with live demo) - Business Models Explained: Amazon FBA ep.3


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You’ve got a fantastic idea for a product that could easily make you a millionaire, or maybe you’re just looking for the next “perfect” product to sell on Amazon, but hold on, how do you figure out what price to sell or where to source? Even then, will you be able to make enough long term profit off it to turn you into a millionaire?

In part 3 of Amazon FBA explained, I answer all of these questions, with a live demo on Amazon & Alibaba.com and let you in on some insider’s tips.

Let’s dive in!

TIMESTAMPS

0:00 Intro

1:45 FBA Explained Ep.2 recap.

3:34 What is validation and how to validate an idea?

9:53 Approach to validation: Newbie vs Experienced.

11:54 Working with suppliers: A handy tip.

12:59 What are Amazon fees and how to calculate them?

Catch the latest episode of The Location Independent Startup Show on:

Youtube: https://bit.ly/340Tthk

Spotify: https://spoti.fi/2AOaWNx

Apple Podcasts: https://apple.co/3d7ZCZS

CONTACT

Have a question or feedback? Leave a comment down below or reach me at [email protected]

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The Location Independent Startup ShowBy John Cavendish