S2E38 - Neil Twa - Replace your day job with Amazon FBA

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Neil Twa What if you could replace and exceed your day job income by working just 15 hours per week? My next guest shares how his background in management consulting and data analytics has been applied to selling products on Amazon. In this episode, we talk about the first steps you should make, how Amazon works, what kind of revenue you can generate, how much you can sell your Amazon business for, and what products to avoid. Please welcome Neil Twa. Key Timecodes (00:59) -  Neil's background story (12:10) -  His business model in depth (24:43) - Capital needed to start (30:51) - What is the expected revenue per year? (34:41) - What is the revenue when a business sells? (35:14) - The importance of building a network to be successful. (36:51) - Aptitude and attitude: both keywords in that business (39:09) - What kind of products perform better on that model (43:45) - The worst business or investment advice he ever received (44:04) - The best business investment advice he ever received (44:59) - Guest contacts