Amazon FBA
I borrowed $2k from my dad, tried to build a brand through Amazon FBA, and learned how expensive being wrong can be.
it was the summer of 2024. High schools were off, and I was thinking about starting sth else after failing at dropshipping and this time i came across Amazon FBA, but after research, I found that it requires serious capital to start. After thinking a lot i asked my dad for $2k to start selling stuff under my own brand name He agreed. i found a supplier on Alibaba and decided to sell water bottles as my first product. chose usa as my primary market. the products reached Amazon warehouses in usa and congrats to me, I was officially a brand owner at 17.
i was so happy that my family would make fun of me at home.
Then there was no sale for weeks again. i waited week after week for my first sale until one day that wish was fulfilled.
however that was my first and last sale because after that i was just looking at a blank dashboard for months.
idk why that failed:
private label? wrong product? wrong market? starting too big?
but anyway, i then paid amazon to throw away them bottles so i could get rid of their costs, and this was the end of being a brand owner.
still in debt to my dad :)