Should i take investment capital to start Amazon Wholesale. I have an offer
i have an investor ready to put capital into purchasing the inventory for Amazon wholesale business model. I have skills and knowledge. As i have no money of my own to start with, should i take capital from someone to re-start my Amazon fba journey. Your valuable and wise practical insights will be appreciated. I cannot take loan to start, as i consider it much riskier and i have tried various Amazon lending third party websites but refused by them. Please suggest what should i do
4 replies
Micah_Amazon
Hello @Seller_uVvIgjWQGpUJE,
Thank you for reaching out. I will not be able to provide you the right decision to make or influence you either way. However, I can say that you should evaluate the risks and rewards. So if what you are proposing makes sense. Don't just look at short term, but long term and scalability.
What Amazon does have to offer is Amazon lending. Amazon Lending invites qualified sellers to apply for 3, 6, 9, or 12-month term loans for working capital needs. We evaluate sellers who have a proven track record of growing sales and who provide the highest level of customer satisfaction.
So when you get your business off the ground, this would be a great resource to look into.
Best of luck, please let me know if you have any additional questions.
Cheers,
Micah
Seller_zZsW8dK4Cx378
Based on your other posts, my very limited view of your situation, is that you have an end result that you are determined to try and attain, selling on Amazon, but no way to get there.
That can lead one to think way to positively on opportunities to get to the result you want. Here are some of my thoughts below on why to sell on Amazon, and you don't fit any of them:
Have you worked for someone that sells on Amazon? Helped manage their business? Were you so successful that they weren't paying your worth? Or you made it so automated that you made yourself redundant? Did you notice something there that led you to believe you can do it better?
Are you successful in other channels and platforms and adding Amazon is just adding another sales channel?
Are you a brand or distributor that wants your product shown on Amazon correctly and needs to keep tabs on your resellers via utilization Brand Registry?
Or did you watch an ad on facebook/insta and fall for the BS?
Be wary of the "passive income" scheme. This ain't it. Only passive income is managing your own wealth, even then you need to stay on top of it, or pay someone else to do it.
I didn't even get to your investor's cut. Might be palatable short term, but what is their long term cut or share. And please, please do not take a family member's money for this.
So what is my suggestion? Get a 9-5 that you can earn money at and learn a trade (online sales?) and side hustles, attack your own debt. Start a very small Amazon Sellers account, not FBA. Walk, think, then run.
PS. don't care about the hate I may get, if I can save 1 person from financial misery, and help keep our market as clean as possible, this was worth it.
Micah_Amazon
Hello @Seller_uVvIgjWQGpUJE,
Thank you for your original post. i have not heard back from you, so I am going to close this thread out. If you have any further questions or need additional assistance, please start a new discussion.
Thanks again for your post.
Best of luck.
Cheers,
Micah
