I am fairly new to the world of investing. Just finished reading the book on rich dad poor dad, How to retire early with real estate and the book on investing in real estate with no and low money down. I am seeking professional opinions on which investment should I focus on. I've read and watched videos on biggerpockets and I enjoy the information that I have studied. I also like the idea of amazon fba business. Selling and reselling china products for a better profit on amazon. Any one with a good intuition on this subject could help clear my mind as to which would be a better investment whether it's long term or short term.
I have tried the amazon thing and I must say the competition is stiff. I am just getting in to real estate myself. However, I have several friends that invest in real estate and are doing well. I will say I would focus on real estate if you want to build long term wealth. Find an area of real estate that interests you and get good at it and build from there. My partner and I are focusing on flips and gradually picking up buy and holds. Hope this helps. Best of luck to you!
@Eduardo Pallares I have a friend that owns an e-commerce site and sells on Amazon. It's not easy. He spends a lot of money on marketing in order to be at the top of the Amazon search for his products, but his prices are constantly undercut by Chinese sellers. Chinese sellers will undercut everyone and even take a loss selling their product just so that they can get as many 5-star reviews as possible. Once they've solidified their search position they raise their prices back up. It's very tough trying to be a middle-man.
That being said, what are you trying to achieve? Are you looking for a passive investment that you don't need to do much work? How much ROI do you want? There are a lot of ways to invest in real estate, so it really depends on your goals.
I do Ecommerce and invest in real estate, as with any of these businesses there is the good and the bad.
Fba is difficult but its all about analyzing products by sales history and also finding a good supplier or where to source from.
I do many strategies for my ecommerce business and sell across different platforms. The margins are slim this kind of business is about compounding. I can sell hundreds of products a month with a net profit of 1 to 5 dollars per sku. Some I ship myself and some I send to FBA.
This is not my long term business but this kind of business helps me have a "lifestyle business" and also pay my bills. With the profit that I make, I save and buy real estate. So far I have two rental properties and looking to buy more.
The main point to take away is YES, ecommerce is hard but so is real estate in their own ways.
Just as real estate, im looking for deals and once i have a "product" I see what strategy I will use to sell this product.
Ecommerce is becoming glorified as a very luxurious side hustle, BUT its not it takes lots of analyzing and work to find those honey hole products but they tend to dry fairly quickly if you don't do your homework right.