My First 3 Amazon Products... (Failures + Success)
Last updated: Jul 30, 2023
The video is about the YouTuber's experience with his first three Amazon products, discussing both the failures and successes he encountered along the way.
This video by Dan Vas was published on Jan 31, 2022. Video length: 27:33.
The video is about the creator's experience with their first three Amazon products, which were both failures and successes.
They discuss their journey, motivation, and thoughts during the failures and before reaching success. The creator shares specific numbers regarding their starting investment, revenue, and sales numbers for each product. They also talk about their first product, teeth whitening charcoal, and how it was a trending product at the time.
However, the product was seized by Health Canada at the port of Vancouver for missing English and French ingredients on the label, leading to its failure.
The video is about the YouTuber's experience with his first three Amazon products.
He discusses both the failures and successes he encountered along the way.
The video aims to motivate viewers who are starting out with Amazon FBA or online business.
The YouTuber shares his struggles, journey, and motivation during the process.
He provides a disclaimer that the numbers mentioned in the video are approximate and based on his memory.
The YouTuber's first product attempt on Amazon FBA was teeth whitening charcoal.
He was confident in this product because it was a big trend at the time.
The product was promoted on social media and had high demand.
He invested about $2,200, including shipping, for a first MOQ order of 500 units.
The cost per unit, including shipping, was around $4 to $5.
The YouTuber decided to sell the product on Amazon Canada because there was less competition.
He aimed to get a portion of the sales, around 10k to 20k a month.
However, the product was seized by Health Canada at the port of Vancouver for missing English and French ingredients on the label.
He was devastated because he couldn't change the label on the product.
This failure taught him the importance of proper labeling and compliance with regulations.
After the failure of the teeth whitening charcoal, the YouTuber decided to try selling bamboo toothbrushes.
He saw it as a more sustainable and eco-friendly product.
He invested about $1,000 for a first MOQ order of 500 units.
The cost per unit, including shipping, was around $2.
The product had some success, making around $1,000 to $2,000 in sales per month.
The YouTuber's first Amazon product had to be labeled in both English and French.
He didn't realize this requirement and had to find a solution.
The supplier suggested changing the labels at the port, but it was not feasible for the YouTuber.
He decided to destroy the product and lost $200.
The lesson learned was to do thorough research and ensure compliance with regulations.
The YouTuber realized that starting an Amazon business in the US might be easier due to fewer regulations.
Canada has stricter rules, especially for customs and importing products.
Although it is possible to have a successful ecommerce business in Canada, the YouTuber decided to focus on the US market for his next product.
He acknowledged that the Canada experiment was a failure but saw it as a learning opportunity.
He started looking for a second product immediately.
The YouTuber experienced ups and downs in motivation throughout his entrepreneurial journey.
He credited his positive mindset to reading books by successful entrepreneurs like Tai Lopez.
Despite feeling discouraged, he believed that as long as he didn't give up, he couldn't fail.
He developed a "bulletproof shield" to let negativity bounce off him.
His motivation led him to search for a second product.
The YouTuber discovered a trend of sliding barn doors in the southern states of the US.
He found a product called the barn door roller guide through Amazon product research.
He saw an opportunity to create a better brand and compete with the top sellers in the market.
He sourced the product from China and invested $1,400 for the first order of 500 pieces.
The cost per unit was $2.80, and he believed it could generate significant income.
Shipped the product from China to the US, but had to pay a lot for shipping.
Decided to sell the product on Amazon USA.
Started selling the product, but only sold 2-3 units a day.
Product never took off and demand was not high enough compared to top competitors.
Realized the product was not going to be a winner and started searching for a new product.
Sold out of the product and broke even.
Launched third product while still selling the second one.
Lesson learned: Do not invest in a product with low demand.
First sale on Amazon boosted motivation and confidence.
First sale confirmed the potential to make money independently.