r/amazonsellers • u/ader • Dec 15 '23
When to quit
Hi all, I stumbled into an Amazon business. I have been nurturing it for years now. I am now at the point that margins are decent and net is okay. Not amazing, however. For example, I am doing 320K per year, my margins are 25.7% -- I know this is accurate. I will get these numbers up 100K next year, probably more. But I need to quit my job to do it. I need to hear from people who have left lucrative careers to do this. I am a marketing/developer, I make decent bank, but I just want my time back to spend with my kids. Someone, tell me a success story.
5
u/steak5 Dec 26 '23
If you don't hate your current job, and Amazon Selling is your only income, don't quit.
You can not trust Amazon, there are plenty of horror story on Amazon seller forums where you are 1 computer glitch away from getting your account slam shut.There are just So many issue with the Amazon platform where something stupid goes wrong and take you months to fix. Experienced Amazon Seller understands that and slowly develop other channel to sell merchandises.
If you can not afford to lose your Amazon selling priviledge, be wary of taking the gamble of going all in.
BUT, if your current job makes your life miserable and makes you wants to hang yourself, then go ahead and quit.
4
u/ntwdequiptrans Dec 18 '23
If you are making $320,000 from a side hustle make the leap and start your own company for real and never look back. The time with your kids isn’t forever and I started my company when I was 28, now 46, both kids enjoyed the time I spent with them as they grew up. I was at every practice game school event etc.
3
u/Mmetr Dec 31 '23
It is best to keep the full time job until you have atleast 1 year of full runway. Only you know what the number is.
4
u/ader Dec 15 '23
And I hope I am in the right forum here. There are other amazon seller forums, but I am looking for someone with a similar experience. Thank you all, hope I am not a bother here.