I Lost $2 Million Trying to Build an Amazon SAAS Tool

My Amazon Guy

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In this insightful video, Steven Pope, CEO of My Amazon Guy, looks back into the realities of starting a SAAS Tool for Amazon sellers, sharing personal experiences and lessons learned. Discover why some tech tools thrive while others fail, and get practical advice on balancing investment, development, and profitability in the competitive Amazon marketplace. Whether you're an agency owner or a tech enthusiast, this video offers valuable insights into the dynamic world of Amazon tools and services.
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Timestamps:
00:00 - Introduction
00:55 - Starting a SAS Product and Initial Challenges
01:36 - The Reality of Amazon Tech Tools
02:19 - Calculating Costs for Amazon Tools
03:02 - The Importance of Tools with High ROI
04:03 - Struggles with Building a SAS Tool
04:48 - Potential for Niche SAS Solutions
05:44 - Differences Between Agency and SAS Profitability
06:39 - Advice on Seeking Investment and Managing Finances

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