Amazon FBA Experiment
Here are my two cents as an Amazon seller.>Niche is wallets/pursesPurses and wallets are quite competitive. The material cost isn't too high and they typically sell for quite a bit, but marketing is a huge challenge and being able to feel the product is important to buyers.Another issue is that the factories manufacturing your product are competing directly against you on Amazon, which is sometimes true for any given product, but definitely true for something as fairly undifferentiated as women's purses.I know many people who have failed here. It seems the only way to succeed in this niche is to either be the manufacturer, middleman, have some unique differentiator either in brand (tough to market such a difference as purses/wallets are infrequent purchases) or in the purse's utility itself, which will require a custom (and expensive) run.>20% marginsThese margins are way too tight for Amazon. You simply cannot stand out from the other 10,000 generic women's purses with such a budget.Listing products on Amazon is the easy part, getting eyeballs is hard. Advertising is very expensive, and doubly so without a trademark.>Buying codes off eBayThis is pretty risky. What would work better is if you apply for GTIN exemption. It's very easy to get and you don't even need UPC codes.>Now i need to come up with a 5 bulleted list and description for my productThis is one of the most important parts of the page. You know your product and the target audience best so it's critical you write this yourself.>Shipping direct to FBA with no intermediary QAYikes, there's no guarantee that what's inside those boxes is going to be anywhere near the same quality as your sample.>[After shipping] I will use this 1 month period to do some research about marketing.This likely going to be one of your biggest expenses. Using the advertising tools, you can get a rough idea of your costs before ordering product.Edit: Removed all caps, substantially toned down/removed needlessly aggressive phrases.