Location isn’t going to be a hindrance to your business success. It just comes down to setting up your accounts in the proper way.
- Profit is key. You will manufacture, ship, label and store your products with Amazon FBA. This all costs and the charges will be in USD. Amazon also takes a cut from every sale. I would aim for a 100% profit after expenses on your products. This will allow you to re-invest in more inventory and build your business.
- Every currency conversion costs you. I knew a NZ entrepreneur who had an Australian company, ordering products from China in USD and then selling them online. He would get paid in USD, convert to AUD and then pull out in NZD. He was losing 2.5% on each conversion and that really cuts into your profits!
- Because you won’t physically be in China or the USA, you will need the services of a freight forwarder to get your stock to Amazon. Its a cost but worth every penny to protect your investment.
- Don’t expect a home run with your first product, get used to the process of ordering, shipping, listing and selling and build from there.