As cross-border e-commerce is booming, many sellers have chosen to join Amazon to get a piece of the pie. Let’s not talk about those who joined Amazon with strong capital, but what are the current situations of those who chose to sell cars and houses, take online loans, and take all their assets to take a chance on Amazon?

How are the brothers who worked for Amazon doing after taking out a loan of 2 million?

Recently, a seller revealed that his brother who started working with him on Amazon in 2019 now has an online loan of 2 million.

According to the seller, at the beginning of 2020, he and his brother started to make masks. He felt that the opportunity to change his life had come, so he bought several mask machines to make them himself. However, he did not seize the opportunity and started too late, resulting in more than 10 million masks not being sold, which was probably his profit. In other words, this brother struggled for 3 months and earned nothing, and the initial 1 million yuan was all tied up in the machines.

After failing to make masks and being unable to recover the money, this brother thought of taking out online loans. He started with credit cards and later on took out online loans from major platforms, including 360, JD.com and other lending platforms. In total, this brother borrowed more than 600,000 yuan and then invested all the money in a large outdoor lamp.

"This is the first time I'll be able to turn things around." This brother often said, but more often than not, he had no money to eat or pay rent. Later, the outdoor lights were stuck due to certification issues before they arrived, and three months later, the goods arrived but were destroyed by Amazon.

Then the supplier came to his door and he had already returned to his hometown with his family . Later, the news about him came from the online loan company, saying that they would go to his home, and that he was sued for failed mediation. It is said that the amount has now reached 2 million.

"I wanted to help him, but I couldn't afford this amount easily. I wanted to give him some living expenses, but found that I was blocked," said the seller.

According to the seller, he is a cautious person and rarely does things beyond his ability. When he first invested in the mask machine, this brother asked him to invest 500,000 yuan, but he directly refused. Later, when he was making outdoor lights, he asked him to invest 300,000 yuan, but he also refused.

Many sellers also expressed their opinions on the seller's experience:

People can never earn money beyond their own knowledge. What they earn by luck will be lost by their ability.

The timing was wrong, both steps were taken just when the boom had ended.

Brother: I admit that there is a gambling element in my life.

You may have been able to do this a few years ago, but now Amazon is basically out of business if you do this.

Amazon is now a business, high risk and medium reward.

Some industry insiders also said that since 2018, if you want to do business on Amazon, you must have a certain amount of luck and sufficient capital investment, and success must be a choice between the two.

Another seller also had online loan debts, but their experiences were very different. The seller said that he failed to open a factory in 2019 and was in debt of 100,000 yuan + online loans. At the end of 2019, he started working alone on Amazon and started to make ends meet through Huabei, credit cards and online business loans.

From April to June 2020, I made a profit of 50,000+ every month. It started to decline in June and I lost a lot of money in clearing inventory. Fortunately, I made a profit of 10,000+ a month from my micro-business. I bought a house in October. In December and January, Amazon's performance began to pick up, and the monthly profit basically remained at 40,000+.

In fact, such examples also inspire many sellers. As long as people can recognize themselves, know their shortcomings and advantages, and then constantly optimize themselves and accumulate and settle themselves, they will achieve results one day.

From a villa to a small apartment, the years of working at Amazon ...

“Once you enter Amazon, it’s like entering a deep ocean.” This is the most real feeling of many Amazon sellers.

How much money did you make last year and how much will you lose this year? This is perhaps the most concerning question for many Amazon people. Especially during the peak season, many sellers only see rising costs and shrinking profits, but no increase in orders, which makes them increasingly anxious.

Recently, many sellers have reported that although there has been a continuous flow of news about their peers’ explosive orders, their most realistic feeling is that this year’s market conditions are far worse than last year. The situations of their friends are similar to theirs. Although they cannot say that they have not made any profit, it is really incomparable with before.

" I'm curious how people who started Amazon can buy a house and a car? " said a seller. Although he has been working for Amazon for several years, he has always been struggling between debt and debt repayment. The monthly payments are used to pay back the bank and suppliers, and even daily expenses are not enough. Saving money to buy a house and a car is harder than climbing to the sky ...

The seller said that after working for Amazon, he realized that when he was working before, he could earn tens of thousands of yuan a month and save two to three thousand yuan. But now it only seems on the surface that he earns tens of thousands of yuan a month, but in fact there is very little left.

After experiencing all the hardships in the industry, the seller was even more confused: which one is more profitable or more profitable? According to the current logistics situation, the funds are usually tied up for two or three months. How do these people buy houses and cars?

For many people, buying a car and a house are major events in life. It is even more difficult for Amazon employees who have experienced industry involution, soaring costs and declining profits this year. The questions raised by the seller have also resonated with many practitioners.

Seller A: People’s joys and sorrows are not the same. It was only this year that I realized how difficult it is to do business on Amazon. The current number of orders can only provide me with enough food and clothing.

Seller B: Most people’s funds are floating on the sea or stuck on the road, or they are stuck in the warehouse...

Seller C: It could also be the 'survivor bias'. I can only blame myself for being incompetent, not the successful people for being too outstanding.

Seller D: When I was actually working, I had freedom to eat and drink. But after working for Amazon, I have to give all my savings to suppliers.

Seller E: When I first started working in the industry, I lived in a villa. After joining Amazon, I live in a small apartment of over 40 square meters. My youth is incomplete without Amazon!

In the eyes of many Amazon employees, working for Amazon is not only a career, but more like a flame that is hot but they are unwilling to let go. As more and more effort is invested and they have experienced the ups and downs of life, it seems to have become a part of life. This may be the real reason why some people would rather mortgage their houses or take out loans to continue working for Amazon.

But from a realistic perspective, being an Amazon employee requires not only passion, but also judgment. When you are struggling over whether to continue working at Amazon, you need to consider your current financial situation, family, resources, and other aspects, and comprehensively evaluate whether you can get out of the current predicament. If you can, you need to think about whether you need to change your mindset; but if you can’t, forcing yourself to continue may not be the best choice.

Today, Amazon is no longer a place where you can just upload products, run ads, and wait for orders to come in. As competition in the industry and on platforms becomes increasingly fierce, if you want to operate for a long time, you must first be stable, and while you are stable, you must also constantly update your products, ensure product quality, and shift towards branding.

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