what's up guys Dan here and in today's
video I'm gonna be showing you
everything you need to know to set up an
Amazon seller account successfully and
that is whether you are in the United
States Canada Europe or anywhere in the
world we're allowed to sell on Amazon so
I'm super excited for this video and I'm
gonna be revealing a lot of the mistakes
that a lot of people make when setting
up their Amazon seller central account
that really prevent them from being able
to sell on Amazon and also that can bite
them back later in their Amazon journeys
so that's why I'm super happy the guys
are here with me today let's go ahead
and get started so if you're brand new
to something on Amazon and with online
business then I want to share with you a
little bit of my story so I started
selling on Amazon about two years ago
now I started in March dozen at 17 and
ever since then it's been the greatest
decision I've ever made in my entire
life and it has allowed me to reach six
figures online with my Amazon business
and then has allowed me to reach
multiple seven figures online with
amazon with other online businesses as
well in the e-commerce space and it has
also allowed me to grow this amazing
YouTube channel where I help fellow
entrepreneurs like you get started with
making money online living their dream
life through passive income through
passive income businesses and through
e-commerce so super excited for you
today and I just wanna let you know that
it can seem very complicated and it can
seem daunting at first but let me tell
you you know I had fear when I was first
starting out I was like you know is this
gonna work for me but in today's day and
age ecommerce and Amazon they're like
it's the greatest force in the 21st
century and the best way to ensure
success is to ride a rising tide and
that's exactly what Amazon FBA is
through Amazon FBA you are able to go
and pretty much you know sell products
and you don't have to go and package
them in your garage you don't have to go
and ship them out to your customers
Amazon does everything for you and
they'll take care of the customer
service the returns
pretty much everything so it's passive
income and that's what actually got me
interested into it at the very beginning
so let's talk about some first things to
remember here so number one this video
specifically about setting up your
Amazon seller central account is for
people from the United States from
Canada and from Europe or for people
around the world who are looking to
start selling in Amazon USA amazon
Canada Amazon Europe and this video will
also apply to Amazon in
Amazon Japan and the other Amazon
marketplaces at Asia as well however
there might be a few differences a few
local differences but by following this
video hopefully you'll be able to go and
you'll have like 99% of the things you
need to know in order to set up your
account now the second thing I want to
remind you is that you don't need to be
from the United States in order to sell
in the US and same thing for Canada and
same thing for Europe you don't have to
be from a specific country you don't
have to be from you know Amazon Germany
if you want to sell in Germany you can
actually be from the United States
selling in Germany and vice-versa and so
that's the the beauty of Amazon really
like you're allowed to sell from
anywhere in the world on any marketplace
and I have a video covering the
differences between the marketplaces
that you know which marketplaces are the
best to start selling in the pros and
cons and the best strategies in order to
reach ten thousand dollars a month as
quickly as possible in passive income
with your Amazon business and so you can
watch that after make sure that you
watch this video because then you know
you'll have your Amazon seller central
account ready the right way and not the
wrong way that many on YouTube are
showing and now reminder number three
very important reminder before we start
selling is that you don't need to have
an Amazon seller central account until
you actually until you you found your
product already and so through product
research through the product research
techniques that I show my channel as
well here through all my other videos
there you'll be able to go and find
amazing products to sell at Amazon and
you know you know what I what I say is
that you don't need to worry about
setting up your central account and so
you actually have a product right focus
on what's important and I was finding a
product however what I also recommend
right now is that you watch this video
you start the process of creating your
seller central account because there is
a few things there are a few things that
you need to submit like documents you
need to submit and that might take a
while to get approved so while you're
getting them while you're waiting on
getting them approved then you can go
and find an amazing product to start
selling on Amazon with and reminder
number four is you will need an ID so a
driver's license and then you'll also
need a bank statement so there's two
things you need the ID which can be a
driver's license or a passport and then
you'll also need a bank statement so now
I'm going to get right into Amazon
seller central and I'm going to show you
exactly how to start selling on Amazon
how to set up your Sava central account
the right way in order to make sure that
you're set in reaching six figures a
year on Amazon FBA seven figures of yarn
Amazon
yeah and you're able to go and live the
passive income lifestyle and are able to
start your successful Amazon FBA online
business let's go ahead and get started
alright guys so now I'm on the page
right here at the set up your saw a
sexual account and it looks like this it
looks like like this I start selling
online so as you can see if we go here
before you register it's saying decide
what you want to sell as I've said
already it's best I mean you can either
create this before you find your product
or you can do it after you find your
product you're really only gonna need it
after you find your product but in
reality I recommend getting started now
that getting the process going now
because it might take some time for you
to get your documents uploaded and
approved and everything like that so
right here it says choose a selling
plant there's two selling plants so
there's actually the professional plant
and then there's also the individual
plan and so you can either start with
just the individual plan however I made
the mistake with starting with the
individual plan which has no monthly fee
and pretty much you don't pay a monthly
fee but then you pay 99 cents for every
sale and obviously we can't sell like
that professionally because that adds up
like crazy so I've made the mistake of
starting with the individual plan and
then moving to the professional plan and
I forgot to move to the professional
plan when I had already actually started
selling so I was selling so much I was
making like thirty thousand a month with
my product and then I realized one I'm
like wait I forgot to switch and so you
know I was getting charged all these
fees so that's why I recommend you're
starting with the professional plan and
if you do get charged before you start
selling before you actually your product
in there you can always email Amazon
seller support and or you can call them
at their social support number and you
can always just ask them for a refund
and just explain to them hey I haven't
been selling yet and they're gonna be
more than happy to give you a refund so
let's go ahead we're gonna click on
start selling and it's gonna ask you to
create an account so create your Amazon
account alright so I'm gonna go and
create an account here so we're gonna
put Dan vas alright
we're gonna put an email here and now
they might send you your code to verify
your email so just go ahead and verify
it so now we got the code we're just
going to put it in here click verify all
right guys so now we get to this part so
it says setup your amazon selling
account and so what you have to do is
you have to have the following available
so business name and address telephone
number
a card that you that Amazon can charge
and a valid bank account as well as well
as your tax information so for your
legal name that's you know your name so
for myself I'm just gonna put in my name
here dad vas I've read and accepted the
terms and conditions of the Amazon
services agreement click Next and now we
get to this part right here so for your
business address you want to put in and
the address that you registered your LLC
or business with now if you haven't
registered for an LLC yet just put your
home address because then you will use
that when you register for your LLC so
I'm gonna put that in here so for your
unique business display name that is
your storefront name now for this I
don't recommend calling it something
brand specific I recommend calling it
something broad that way you can go and
have multiple brands under it so we're
just gonna go and call this cool
essentials
alright cool essentials and then if you
sell your products online it says ok so
store name unavailable we're gonna put
cool central 75 sometimes they might say
unavailable and then you know if it says
that then just put in another name if
you sell your products online enter your
website URL but that's optional we're
not gonna put that in and then you're
gonna want to put in your phone number
in here and so now after we put in the
code that we got as a text message from
Amazon let's verify our account we're
gonna go and put in our credit card that
we're gonna use for our account and so a
lot like it says right here you'll be
able to list product after we perform
payment validation which typically takes
an hour but could take up to 24 hours so
I'm gonna put in my credit card number
in here and then if we scroll down here
you want to put in your bank account
number and you want to make sure that
this bank account is not a random bank
account so make sure that this bank
account is actually a bank account that
you will be using to receive your money
that you're making from your Amazon to
receive your deposits from Amazon don't
put in a random bank account number
because that's gonna come back and
really it's gonna be hard to switch that
trust me from years of experience of
selling on Amazon it's really really
hard to switch bank accounts it can be
done but why you know why do that for
yourself when you can just go and set
this up right from the very beginning
alright guys so now I've got my bank
count in here as well as my credit card
I put it in a buck so make sure that you
check mark I accept the terms of
conditions set forth for all payments by
the flowing agreement and then click
Next
and so now we get to the tax interview
so this is what the tax interview is
provide your tax information and so this
will depend on if you are from the
United States or from Canada
me I am from Canada Bank my bank outs
aren't cam
so right here for me it's a little bit
different however for you it shouldn't
be too hard just answer the questions
and you want to make sure that you
answer them truthfully and you know
obviously don't hide anything from
Amazon or else that will destroy the
chances of you getting approved for an
amazon selling account so can it start
so right here it says who will receive
income from Amazon or its subsidiary so
individual or business so choose
individual if you are a sole proprietor
or if you already have an LLC then
choose business and then for us tax
purposes are you a US person and in my
case no so and then right here I'm going
to put business no to have a beneficial
owner you want to put corporation and
then here you want to fill out the name
of your corporation in the country and
then if there's a disregard than me just
fill that out or if you don't have one
don't fluid out and then for your
permanent address make sure that it's
your business address at the bottom
right here it's gonna say sign and
submit so just sign and submit and then
press Continue and that's all you have
to do now if you are from the United
States you're gonna need an EIN number
and I'm gonna show you how to get that
right now
iin IRS that's all I have to do type in
ein IRS and right here you're gonna be
able to apply for an employer
identification number and you don't need
this if you're not from the US if you
are from outside the US and you are
setting up an LLC in the US for some
reason you are doing that I recommend
setting up a corporation in your home
country the taxes will probably be lower
unless you live in a country with very
high corporate taxes and there's not a
lot of those in the world but you're
gonna need an EIN if you decide to go
the american LLC route because anybody
can set up an LLC doesn't matter you
don't have to be American so if you're
gonna use an American LLC then you're
gonna need an EIN right here apply
online now and then you're gonna be able
to get your EIN pretty quickly and then
after that you're just going to be able
to put it in here it's gonna ask you and
then click Submit alright guys so I just
created the new account and this is what
it looks like when you just created it
so right here gonna be able to see all
of your orders your performance your bio
messages as well as your charges so
right here it says there was a charge to
your credit card or 49:59 so it seems
like we've already been charged the
professional selling fee because I
already chose the professional plan so
of course either I have to go and hurry
up in finding a product or I can just go
and give Amazon a call if I don't think
I'm gonna find
product for a month or two months right
so it really depends on you if you chose
individual then you weren't charged at
the very beginning you're gonna have to
upgrade to professional anyway so you
know I recommend just either getting it
over with now and or choosing individual
at the beginning and then upgrading
later and so if I give you guys a quick
little walkthrough right here it says
manage inventory so right here is where
you're going to be able to see your
inventory as well as all of your pricing
your orders right here is PPC which is
advertising which is actually amazing an
amazing way to advertise your products
on Amazon and so stores reports
performance so everything you need is
here and it's pretty easy to go through
and also I've got a lot of other amazing
videos on my youtube channel that talk
about the Amazon seller central account
specifically all right guys now before
we end off this video I want to get into
the top reasons why ninety percent of
people do not get approved with Amazon
FBA now a lot of you won't have that
problem but a lot of you will also have
that problem especially if you are
trying to sign up for an Amazon seller
central account and your documents that
you're trying to submit are not in
English or they're not from the United
States and so I'm going to talk about
the biggest reason why you are getting
delayed in your application with selling
on Amazon and ways to fast forwarded so
you can actually concentrate on what's
important and that's finding products
that will make you money so the top
reason why you might not get approved
with song on Amazon is that the
documents that you're submitting are not
easy to read and are not clear and also
they're not in English now like I said
if you are not from the United States
and your country your country's official
language is not English obviously your
bank statement and your passport your ID
they won't be in English either and so
how Amazon approves the documents when
you are signing up for Amazon so sexual
account it's actually in a irobot just
like all of Amazon is nowadays just like
everything is nowadays in 2019
everything is through you know
everything's automatic and everything
runs through a robot so that's why my
biggest tip to use to make sure that the
documents that you are trying to upload
are easy to read they're clear and
they're translated in English now you
can go and either have them translated
through a website called up were calm
that's an amazing freelancing website
I've personally hired a lot of
tene on upwork.com so you can go and
just buy the translator for cheap to
have your documents translated or I've
also heard from a personal friend of
mine here in Finland that he actually
submitted his documents and all he did
was he took his documents that were in
Finnish which is the official language
in Finland and he actually just put them
in Microsoft Word and then just Google
translated into English and then that
worked and before that it wasn't working
so you can also try that now mistake
number two is not putting in the bank
account that you're gonna use in the
future when you're actually making money
and a lot of money with your Amazon
business you're putting it you're not
putting in the bank out they're gonna
use like your business bank account
right and you're just putting in like a
temporary bank account kind of like
holding bank account in there and so I
recommend trust me this is from years of
experience of selling on Amazon
successfully I highly highly recommend
you don't put into sarandon bank account
in there make sure you put in a bank
account the bank yacht that you're
actually going to use to deposit money
from Amazon into that bank account for
your business it doesn't have to be a
business bank account it give me a
personal bank account although if you
already have a company or a corporation
or an LLC in your home country you've
already set that up you've already set
an official business up with a business
document and with this documents and
everything like that then you can just
go and put in that bank job or you can
go and put in a personal bank account
but then you're gonna have to use that
bank account for your whole business so
do not put in a random bank account just
to start selling on Amazon as quickly as
possible
trust me time right now will pay off in
the long term time that you put into
this right now
you want to make sure that your saw
account is set up properly you won't
have to have you'll never have to touch
it again or worry about it ever again
now mistake number three is that a lot
of beginners think that their storefront
name on Amazon has to match your LSE
name or your business your official
business name that you've set up in your
home country so for example if you're
from the United States then you set up
an LLC which is a limited liability
corporation and so it's a myth you don't
have to have the same exact name on your
storefront it doesn't have to be the
same as your LLC so it can be literally
anything and then when you're actually
filing your taxes for your business so
let's say your official LLC name is best
tools and hardware on Amazon it can
literally be you know baby pro right
it doesn't have to be the same and know
when you're filing your taxes you would
just do best tools and hardware DBA
which means doing business as a baby
probe but you don't have to worry about
that once you actually file your taxes
so you don't have to have the same
storefront name as your LLC and now
mistake number four and it's a mistake
that a lot of Amazon beginners make is
that they initiative sells down with
their amazon storefront name so they
actually go and they for example like
you know baby or they'll actually put
their product name that they're selling
so let's say you just started selling
barbecue gloves you'll go and put best
barbecue gloves in the storefront name
that's a huge mistake because as soon as
you're not signed barbecue gloves well
then your storefront name doesn't
reflect that so what I always say is you
want to make sure that your storefront
name is as general as possible but it
still sounds good so for example like
cool essentials you know super generic
name but applies to a lot of niches and
you can have multiple brands and you are
going to have multiple brands under that
same storefront name and so that's why I
recommend always having a general
storefront name and then you can set up
separate brands under the storefront
name on Amazon so thank you guys for
watching I hope you guys enjoyed this
video and I hope that your amazon
selling career is going to be an
incredibly successful one as it was for
me and I believe in you I know that it
will as long as you never give up my
favorite quote is if you never give up
you'll never fail and so if you do want
to get mentored by me and if you want to
learn how to make six or seven figures a
year on Amazon FBA and you do not want
to make all the student mistakes that
I've made through my especially my first
years of selling then go ahead I invite
you to sign up to the econ freedom
course the link is down below and my
mentorship will be going away soon
because my goal is to free ten thousand
people to complete a personal financial
freedom through the econ freedom course
and so of course you know with that I'm
not going to be able to mentor ten
thousands of students and so that's why
if you want to get mentored by me make
sure to join right now like it's down
below and as soon as you get in there
there's going to be a link to contact me
personally on my Facebook page where
I'll be able to go and you're going to
be able to send me your personal product
ideas and confidentially of course and
I'm gonna be able to tell you if it's
good or not maybe the product is
restricted which I'll obviously tell you
and I pretty much know all the products
right now
as I launched new products every single
week right now on Amazon and with
Shopify I've got shot my brain as well
so I'm really big into the e-commerce
space and in my opinion it is the best
way to achieve personal freedom and
financial freedom right now
in 2019 because it is like I said in the
video one of the biggest opportunities
nowadays it's a rising tide and it's not
gonna stop and now I also want to share
with you guys a screenshot that one of
my students Samuel that I personally
mentored in the econ freedom of course
sent me Samuel has made over 14,000 it's
fourteen thousand point zero five K USD
in revenue in a month of March and so
I'm super happy for Samuel and he said
this is a screenshot of my last 30 days
thanks Dan your course has helped me a
lot I'm gonna be scaling to two new
asons
within the next two months and so Samuel
is an example of hundreds of other
successful econ freedom students that
have gone through the course and that
I've applied the information and that
push through the obstacles pushed
through the failures and succeeded in
making their passive income dreams come
true so anyway I hope you guys enjoyed
this one subscribe to the channel for
those of you joining you come freedom
I'll see you in there and yeah follow me
on Instagram like the video if you did
I'll see you guys soon
peace out