Starting a Drone business vs Private Labels and Amazon FBA
Ok, so last month I pointed out the big opportunities coming up for people entering the Drone business… and after plenty of research, I still think there are some great opportunities there, but to do anything truly epic is going to take a considerable amount of time and money.
Let me explain.
The new legislation changes will make it easier to start up for things like real estate drone photography, and some basic video/cinematography type scenarios. While both are worthwhile opportunities to jump on, the first is going to be quickly saturated and more service based, while the 2nd is going to need a lot more practice and experience to do well at… neither of which really appeal to me as a career change.
Where Drones are really exciting though are the bigger applications – processing big data to analyse and survey land and structures; drone swarm technology to create epic firework-replacement displays or lifting hard to reach objects (think of a crane that you can take anywhere)… or maybe you’ll just want to take your drone fishing with you.
…there are some pretty cool future business in the Drone space for innovators, but the really awesome ones that will be huge and will make an epic difference, will take a few more resources and time than I can devote at the moment.
…so, pivot – accept reality and move in a direction that’s more suitable to where I need to go.
Enter Importing products from China and private labeling products to sell via Amazon FBA (Fulfillment by Amazon).
Yep, totally left field… pivot may not be the right word here… more like stepping into an alternate reality 😉
…I’m not even sure how I got onto this, but over the last week or so I have completely taken the plunge into learning all I can about this – it has completely absorbed my time 100%. I’ve just about listened to the entire back-catalog of the AM/PM podcast, which is just so absolutely freaking amazing… one of the best online marketing podcasts I’ve ever listened to (seriously, even if you have no interest in private labels and Amazon FBA you should still give this a listen).
Anyway… unless I freak out and decide to pivot again, then over the next moth I plan to settle on my first product(s), setup a company structure and jump head first into this as a serious business. It’s rather exciting actually, can’t wait to see where this goes!