The High Risk High Reward World of Selling Stuff on Amazon – Lydia DePillis

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When Nida Kazmi got laid off from her job as a product manager at Bloomberg two years ago, she came up with a fallback plan: Selling stuff on Amazon. She chose stackable baby formula dispensers because the category didn’t seem to have much competition, and found a supplier in China to manufacture them. After hiring a coach to help her navigate how the world’s largest online marketplace works, she set up listings from her home office in Reston, Virginia, selling dispensers for $11.99 a pack. After a few months, the business was doing between $1,500 and $2,000 per month in sales, about half of which she kept as profit…….

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