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In this day and age it is surprising that people still fall for "Get Rich Schemes". Anyone selling Investment Advice, Business Advice, Products, etc that promis

In this day and age it is surprising that people still fall for "Get Rich Schemes". Anyone selling Investment Advice, Business Advice, Products, etc that promise success, wealth, etc are charlatans. These two took advantage of desperate people. There is little to no money to be made on AMZN today. No one is getting rich anymore.

omarchowdhury 8y ago
> There is little to no money to be made on AMZN today. No one is getting rich anymore. Really? That's like saying there's little to no money to be made in entrepreneurship today. Are you saying everyone on AMZN operates their business at 0% or less net profit margin? Because that's essentially what you are saying.
- soundwave106 8y ago
  I think the gist of that statement is that there is no "easy" money anymore, if there ever was. I'm pretty sure it would be quite difficult get rich by simply importing commodity Chinese products and marking them up in FBA -- this is something that a large retail organization like Amazon can do just as well for much cheaper than any individual can. To stand a chance at making some money as a small business (and I'm saying the more typical "some money", not the "strike the motherlode" type language many of the make.money.fast type scams promote), you have to have a good product idea, and do the full work of the low-margin retail business, with all that this entails. In this regard I do imagine it's possible to make some money via Amazon with a traditional retail business. But even though it's the behemoth of American e-commerce, Amazon probably should not be a product's only Internet retail outlet. (You should probably have your own e-commerce site for a start... and other more focused outlets, especially if they fit a product's niche -- like, say, Newegg for a computing oriented product -- should also be pursued.)
sidlls 8y ago
If you treat it like what it is--a business requiring market research, advertisement, and offering products of a quality commensurate with the price--it is possible to run a profitable business on Amazon.
maxxxxx 8y ago
Just look at crypto. I bet more than 90% who are buying crypto currency have no idea what this really is other making them rich quickly.

omarchowdhury 8y ago

> There is little to no money to be made on AMZN today. No one is getting rich anymore. Really? That's like saying there's little to no money to be made in entrepreneurship today. Are you saying everyone on AMZN operates their business at 0% or less net profit margin? Because that's essentially what you are saying.

soundwave106 8y ago
I think the gist of that statement is that there is no "easy" money anymore, if there ever was. I'm pretty sure it would be quite difficult get rich by simply importing commodity Chinese products and marking them up in FBA -- this is something that a large retail organization like Amazon can do just as well for much cheaper than any individual can. To stand a chance at making some money as a small business (and I'm saying the more typical "some money", not the "strike the motherlode" type language many of the make.money.fast type scams promote), you have to have a good product idea, and do the full work of the low-margin retail business, with all that this entails. In this regard I do imagine it's possible to make some money via Amazon with a traditional retail business. But even though it's the behemoth of American e-commerce, Amazon probably should not be a product's only Internet retail outlet. (You should probably have your own e-commerce site for a start... and other more focused outlets, especially if they fit a product's niche -- like, say, Newegg for a computing oriented product -- should also be pursued.)

sidlls 8y ago

If you treat it like what it is--a business requiring market research, advertisement, and offering products of a quality commensurate with the price--it is possible to run a profitable business on Amazon.

maxxxxx 8y ago

Just look at crypto. I bet more than 90% who are buying crypto currency have no idea what this really is other making them rich quickly.