Amazon Private Label Product Sourcing

The project was focused on Amazon FBA PL launch for product with average budget.The client was of the view that1. Look for low cost product2. Get it sourced from China3. List and Rank on Amazon.comBut this is not as easy as it seems. This was needed to be done in most optimized fashion to generate profit over the product too. I came up witha. Product of worth $3 each.b. Got it shipped to US.c. Ranked over 1st paged. 30% profit margin per piece with ROI in 3 months.Cutting the story short, it was a mutual agreement and there are numerous such examples of product launched with average as well as high budget. The reason of mentioning this is to define the worth of risk and project management.