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Hey um to be us and managing all the behind the las Amazon of course.
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And Brock asked me to record this video because he's currently working on a case study for you guys
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how you can use a situation like this to even with low capital start your own business.
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And he just wants to show you that in any situation it is possible to start a business and just find
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the right opportunities.
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As you might know by now there's a disease called corona virus that is spreading across the world and
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multiple countries already doing large spreads quarantines.
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And this specifically has affected China right in the beginning because it originated in China.
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And we can also see that it is taking off in other countries and that it will not only affect the supply
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chain.
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While many people are sourcing from China but also the countries that people are selling it as a result
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we want to make you aware with this video and provide you some pointers of how you would use discourse
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differently during this time because usually we're teaching people how to source products from China
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and import them into the US or other markets.
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But right now the reliability of sourcing from countries abroad is becoming law and the inherent risk
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in ordering from abroad as such is higher.
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So we want to make sure you are well-prepared for this situation even if you're in the process of starting
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your business because this definitely doesn't mean that you're not able to start your business right
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now.
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It just means you need to find other opportunities and take a different path to go about this.
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And I also want to point out that especially in these kind of situations there's a lot of potential
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to make money and a lot of potential to get started with small amounts of capital.
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So when you're doing your product research out there's multiple ways of dealing with this one you can
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try to find an opportunity that specifically targets the coronavirus situation.
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For example we have seen that a lot of people started buying swimming goggles to protect themselves
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from getting the disease because it is being transmitted also be the ice.
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So if you can find product opportunities like that you could reach out to manufacturers and try to source
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swimming goggles and resell them on Amazon.
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You could also take a step further and think about well if this disease is going to continue to spread
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like this what else are people going to need.
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What do they needs if they're in isolation right.
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Maybe they need to buy something right now to be prepared.
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It could be even simpler maybe think about what are they going to do with isolated they have a lot of
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free time roads maybe they want to play games maybe they want to read books.
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So this is a great opportunity to source products that could also help with those kind of situations.
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And then if you're going for these kind of products consider different options for sourcing them.
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You don't necessarily have to source anything from China just because it has the lowest price.
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It doesn't mean it's the best way to make money just because it has the lowest price.
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It always depends.
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What are people willing to pay.
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Right.
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So it would actually be a great option if you can source stuff from within the U.S. they are actually
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a lot of manufacturers in the U.S. and they can help you make your product in the U.S..
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And this also provides a unique opportunity because right now a lot of items that are being sold more
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than usual are going out of stock especially because supplies from China are not being delivered anymore.
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And this sort shortage could last for a longer period of time.
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So if you can source similar products of the same products in the U.S. and you can get in supply faster
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you can probably sell a lot of units just because nobody is supplying the market at the moment.
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And as you can tell a lot of these opportunities are not necessarily private label opportunities but
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rather arbitrage opportunities you buying something somewhere and people somewhere else need it.
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And Amazon is a great tool to find out what are people buying the most and maybe what products and are
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now using in a different way just like with the example with the goggles I made.
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So come up with some creative ideas do some product research read some more recent reviews maybe people
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are talking about how they use these products in regards to the virus and then I would also like you
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to consider that sometimes sourcing a product can take a longer period of time if you're trying to build
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a private label brand and make your own brand create your own product.
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This might not be done in a week.
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So even though the situation is tense at the moment this might be the perfect time for you to prepare
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your products invest a lot of time and making it great and then sourcing your product once the situation
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get better.
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So if you're considering to source a product right now or to specifically get a product buy a product
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for the corona virus situation I would recommend to watch the other coronavirus videos that we have
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which will give you a little bit more insight into the situation and what you should potentially watch
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out for and what measures you can take also to minimize risk.
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Please let me know any questions you might have in regards to the situation in the comments below.
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And to answer as many of them as I can.
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