What other reasons can you think of?
- You have to do the work. Actual effort required.
- It’s hard to find a product that can be sold for profit and based on the market place conditions.
- Shipping is expensive and takes time so that makes it too hard.
- The competition is tough – there are other people selling the same products on Amazon, eBay, Etsy, etc., which means you need to undercut them or offer something extra in order to get noticed.
- There are many different fees associated with eCommerce – advertising fee, listing fee, seller account fee, transaction fee etc., which will eat into your profits if you’re not careful which can cause stress.
- Finding suppliers isn’t easy either because they’re usually overseas so you’ll have to deal with customs paperwork and tariffs if you are lucky enough to find a viable supplier.
- You have to learn a lot of new skills to make it happen. Doing stuff means not passive.
- Here’s a thought: It’s not passive income if you’re working all the time!
- There is no such thing as free traffic no matter what the youtube gurus tell you.
- The only way to scale is by hiring more people and that costs money and it’s hard.
- You can’t just “set it and forget it”. Late night TV has been lying to us for decades.
- Your customer service will be awful until you have any employees dedicated solely to that task.
- eCommerce Business is 24/7, not just 9-5 which means you’re never “off” officially.
- Real sales transactions don’t happen automatically which is a revelation to the internet get rich quick scam artists.
Danny McMillian and Michael Hartman talked about the reality of selling on Amazon FBA NOT being a passive income opportunity.
Add you comments about the Myth of passive income with ecommerce businesses and specifically the Amazon FBA business model for bonus points. 😉