Businesses today have changed for good. No one wants to settle for one source of income. The more the merrier is a phrase that makes sense when it comes to the financial trends of today. People run online businesses along with their regular jobs, and these online businesses have seen a spike since last year when most offline businesses plummeted to the bottom.
Online business owners generated huge income with the ease of spending more time with their friends and family. The predicted culture of the business for the coming years is online. There are various ways through which one can start their online business. One such way is FBA i.e., fulfillment by Amazon which is helping entrepreneurs like Leon Vartanian to generate income.
Fulfillment by Amazon came into existence in 2006. It is a decade-old concept but with time, it keeps on becoming more and more popular. It is the easiest yet most effective way to launch your business on Amazon.
- FBA has helped so many people to get started as it does not require one to have much capital/resources. Just the right guidance from the right mentor and they will be good to go.
- To begin with, the most important aspect of FBA is research. One should have the eye to choose the right product with high demand/low competition to be successful in FBA. Rather than using sites like Alibaba.com, Leon sources his products from authorized suppliers/manufacturers within the US and negotiates with them on making deals for wholesale items, if needed. He then sends it off to Amazon warehouses throughout the US for the items to be sold to Amazon customers all over the US.
- One major benefit from this sort of business is that you don’t need to establish your own medium of selling. No need for any website or inventory storage on behalf of the seller. All you need is to follow the right steps to get yourself registered as an FBA seller.
- Amazon is known to be a trusted marketplace with a huge customer base. People who know how to leverage this can generate profit for themselves and make FBA a source of income to not only live off of but spend on whatever the seller pleases.
In the fourth quarter of 2018, Leon Vartanian started his entrepreneurial journey by leveraging eBay and Shopify. By the third quarter of 2019, Leon expanded his business by starting FBA. He put his blood, sweat, and tears into it, understanding that nothing happens overnight.
His courage and fearlessness helped him thrive in his business and helped him earn a 6 figure income through Amazon.
Today, he has coached over 20 clients for Amazon FBA. In the next 5 years, he targets to coach more than 500 clients and helps them generate an income through FBA. His vision is to scale his business to generate 7 figures of income and build a $1 million real estate portfolio for himself.
This is just one example from many stories of why you should start FBA today!