How to sell stuff on amazon and make money
How To Make Money on Amazon FBA in 2021 Explained in 10 Minutes | STEP BY STEP FOR BEGINNERS
hey what's up guys my name is tom over
the past three years my business has
generated close to 10 million dollars in
sales
selling everyday products on amazon
so in this video i am going to try my
very best
to explain to you step by step exactly
what i do and how i make money on amazon
so you can do it too in less than 10
minutes so let's
get started amazon i'm sure you shopped
on amazon before but did you know every
single time you buy something on amazon
you're probably buying the product
from someone like me so for example
let's say you're buying coasters
on amazon you go on amazon you type in
coasters then boom the search result
and you're trying to decide which
coasters do i like well
you click on one of them you look at the
pictures you look at the product detail
page
and then you like it you click buy to
ching someone else on the other side
just made money that person is also
known as the third party seller on
amazon
aka someone like me so i can actually
post products
on amazon that is mine and i can make
money every single time you buy the
product on amazon now
i don't create these coasters myself i
don't make these coasters myself
so how do you actually sell these then
what you want to do
is you want to contact a manufacturer or
factory
that is already producing these coasters
these manufacturers are also known as
private label manufacturers so if you go
on alibaba.com
type in coasters you will see a list of
companies
that actually produces these for five
cents 10 cents a dollar two dollars
whatever it might be
you are buying inventory from them and
you are now selling the product for a
higher amount on
amazon that's literally it i'll give you
guys another example
vitamin c serum you go on you type in
vitamin c serum
boom a bunch of different search results
and you pick one you click on it
hey i'm no chemist i'm not an
esthetician so how did i create the
vitamin c serum
all i did was i went on google type in
vitamin c serum manufacturers
i contacted one of them i bought a
thousand bottles
and more importantly i want to brand it
right i want to brand it to my own brand
and then boom i just created my very own
skin care line
so that's literally how it works that is
how amazon fba works but now
let me break this up into a step-by-step
process for you step number one
you need to find a product to sell
that's obvious
now the biggest question is what type of
product the biggest mistake that i see
people making is finding a product
they see around the house that they
think can be sold on amazon
without any data backing that up they
think oh this is cool i use this every
day
therefore everybody will everybody else
will use this every day therefore i'm
going to make a bunch of money
that is not the correct way of thinking
when you're doing business
so what you want to do is something
called market research this is called
basically in any business before you
jump into that business you want to know
what the customers want you know how you
want to know the market size
you want to know what people are looking
for all these different things just so
that you can actually launch a product
that is welcomed by your customers so i
use a tool called the viral launch tool
and i'll include a link in the
description where you can actually save
20 to 40 off but having said that using
this tool
is making your job and your life so much
easier because using this tool
you can see a wide a variety of
of things so a factor so number one how
many people per month
are looking up this product on amazon do
you think that's a pretty
important uh metric absolutely the more
people
that are shopping on amazon for this
particular product the better the bigger
the market size
but just because the product has a lot
of demand doesn't mean you should do it
because there's also a lot of
competition
now you can find a product with medium
to high demand but also low competition
you want to look at the review column
because at the end of the day if
everybody on page one have tons and tons
of reviews
you don't want to do that product you
want to launch a product where
all your competitors have little reviews
right
you also want to launch a product that
is easy to use you want to launch a
product
that is small and lightweight so you
save on shipping
and easy to use why because if someone
actually buys a product it's hard to use
they're just going to return it or worse
leave you a negative review on amazon
right so these are all the different
factors for example i don't want to
launch something that's seasonal
uh like snowboarding gear hey i want to
make money all year round i want i don't
want to launch like a fad
meaning something that's going to stay
today like fidget spinners and the go
away tomorrow i don't want to touch that
i want to sell something that is
very stable and it's something that
people need to use every single day for
the rest of their lives right so
that's step one finding a product step
two is sourcing
now the best place for you to find a
manufacturer is in china that's just the
way it is
right cheap labor pretty decent quality
products and whatnot
you can use a website called alibaba to
find these many
factor manufacturers in china now i know
a lot of people have dealt
hey what happens if i just wire someone
you know 5 000
for my product and it's all broken and
stuff when it arrives well
you actually use an inspection agency in
china they're a third party inspection
agency they'll actually go to the
factory themselves
they will do an audit they'll actually
look at your product to make sure it's
well
it's good to go before you pay the rest
of the money so that is your way to
mitigate
that risk and yeah so basically you go
on alibaba you type in whatever you're
looking for
coasters you see a bunch of listings
that sell coasters you can actually now
contact them
request samples look at the price
negotiate with them
and to get the best possible price the
best possible quality of the product
and then from there you can place your
order so like i said you put a 30
deposit 30
deposit down first and then you send an
inspection agency in
to make sure that everything is done
properly only once it's approved by
inspection agency
that's when you give the remainder of
the money 70 now your product is
finished
producing in china this is the best part
guys
your factory will actually send your
products these coasters that are done
that belongs to you now
directly straight to amazon's warehouse
so you don't
need to actually have a thousand
coasters in your living room
or in your garage everything is stored
inside amazon's warehouse
okay this is where the amazon
fulfillment system comes in
fba fulfilled by amazon so what you do
now is once
you have everything inside amazon's
warehouse you create a listing on amazon
you create a store on amazon the store
is owned by you so this is your store
and you create a listing so you can sell
coasters you can sell
vitamin c serum you can sell whatever
you can sell as many products as you
want on amazon under the store so let's
just keep using
coasters as an example now coasters
um you list the product you have to take
some nice photos right
and you have to write some nice words
nice descriptions nice title you set a
price
this is all up to you this is your
coaster this is your business and then
from there
now your listing is now established on
amazon and because the product
is actually inside amazon's warehouse
you're qualified for that prime
batch that is why you see so many people
having the prime logo
it's because it's fulfilled by amazon
amazon delivered in one day or two days
that's how the prime
logo works now on amazon's side they
will charge you a referral fee that's
their commission
usually between eight to fifteen percent
of your selling price that's how they
make money
and they will charge you fulfillment
fees so that includes the shipping and
so on and so forth
so amazon usually if you sell your
coasters for
10 bucks amazon will take about three
dollars so 30
then your coaster might cost a dollar or
two dollars that's your cost of goods
sold
shipping maybe another dollar from china
to amazon that's all paid by you
the rest of it is your net profit that
is how much money you make per coaster
so let's say you sell 10 15 20 coasters
a day you make four dollars per coaster
hey you just made whatever it might be
four times 10 40 to 80 bucks
per day in net profit without really
doing that much because amazon's doing
all the logistics behind the scenes
now after you post it on amazon just
because it's on amazon doesn't mean that
it's gonna sell like hotcakes what you
need to do is get your product
ranked to the very first page of amazon
and that's where our system called rank
and bank
comes in we know how the amazon
algorithm works and this is really our
secret sauce
so we're able to actually rank these
products onto the very first page of
amazon so when someone types in coasters
they will actually see your product
among the competition hopefully your
product will be number one so they click
on it
they buy it and they and you make money
they get the coasters they like the
product
they leave a review so really that's it
that's literally what i do guys this is
the the system the business that i built
over the past
three years called amazon fba and the
cool part guys is
you don't need to be 100 rely on amazon
i think amazon is a great place for you
to actually
start your brand and start whatever
product that you want to launch
and then once you start getting cash
flow positive once you get the momentum
you can branch out to shopify you can
create a real brand
right so i'm not here teaching people
how to do drop shipping or anything like
that i'm literally teaching you guys how
to
create a real brand i know so many
amazon sellers that they started on
amazon
now they're on walmart now they're in
pet stores now they're in
costco they're in these department
stores because all they started was
amazon
our product has been featured in
magazines have been featured by
influencers because we're best seller
badge on amazon they go on amazon they
like a product
and so on and so forth so i'm here to
create a brand and one day the best part
is you can actually
sell this brand for a multiple meaning
someone will pay you
you know 3x 5x whatever it might be of
your last year's 12 month
profit and they'll pay you for your
business so
one day you can actually sell your
business as well and the best part about
amazon fba
is that is quite passive depending on
how you define passive and how big you
want it to be you can do this from
anywhere in the world
you can do this without experience you
can learn this game is not that hard
and i think i truly truly believe it is
literally
the best side hustle in 2020 and going
forward because everybody shops on
amazon so not white
so why not sell on amazon make some coin
make some money so
anyway um 10 minutes that's pretty good
most people say
i'll explain something to you in 10
minutes and then 20 minutes later so
i really try to squeeze as much
information in here for you in 10
minutes hopefully that gives you a
good understanding of how amazon fba
works and
by the way guys i also teach other
people how to start their own amazon fba
business
based on my personal experience i have
over 200 videos step by step a community
of 1500 students if you're interested in
that click on the very first section uh
click if you're on youtube click on the
first link in the description if you're
on instagram go to my bio
watch the short video and if it's a good
fit for you then feel free to learn from
me if it's not good fit for you
um i hope that you find something else
that is because life is too short
hustle make some money and be nice to
people
give back and live a life that you truly
deserve because we all deserve a better
life so cool
awesome guys i hope you guys enjoyed
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