Episode 49- From Zero to Rs.20 Crore on Amazon | Interview with Ali Lokhandwala
Description
In this episode, we interviewed Ali Lokhandwala, a 21 yr old Amazon FBA seller and training expert. He comes from an entrepreneurial background in Gujarat and runs a successful business on Amazon worth millions of dollars in revenue.
In this interview, we spoke about his journey in the e-com space, trying out different things and finally making it huge with Amazon FBA. He shared his experience and the right practices to win as an Amazon seller.
In this interview, Ali shares:-
How did e-com happen to him?
What urged him to start earning while he was still in college?
How did he source products and found suppliers?
Where should a beginner ship products from- India or China?
What kept him going after incurring losses in the beginning?
How to plan finances for a new private label brand?
How to keep track of profits and losses?
His product research methodology and recommendations for beginners.
How to manage a new listing and sell it?
Process to follow after receiving products from suppliers.
Methods used to get his products fulfilled.
How to minimize risks involved with Amazon?
Does getting fake reviews on Amazon listings work?
How to deal with the market competition with big players in your niche?
Brands to look up to for a newcomer on Amazon.
The right approach for entrepreneurs with a small budget.
What platforms to look up to for apparels?
No. 1 advice for anyone who wants to start selling on Amazon.
References:
Ali’s Instagram: https://www.instagram.com/alilokhandwalaofficial/
References: OMS Guru, Jungle Scout, Helium Tan, MamaEarth
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