How to sell stuff on amazon and make money
How To Make Money On Amazon In 2021 (For Beginners)
hey guys mike vasil here and just like
that we're going to go over these
websites where you are going to learn
how you could leverage these websites to
make a hundred to a thousand dollars a
day on
amazon and we're starting now
hey guys mike fasil here and in today's
video we're going to go talk about how
to make money with amazon there's so
many different ways to make money on
amazon and it's not just like your
cookie cookie
cookie cutter way that you see on
youtube so the first way is really
amazon associates you literally just
sign up for this it's free and you could
recommend
anything on amazon and get commissions
from it one of the most lucrative ways
are just cameras because they're very
very expensive things so the more higher
price point the product is the more
money you could actually go ahead and
make a lot of people make a lot of money
just on the side
promoting and recommending high ticket
products like for example cameras and
like i said it doesn't necessarily have
to be cameras you just look around
you have your tv you have strollers if
you have a baby you have your baby
carriage
there's so many ways that if you just
leave a review on amazon
or on youtube with like your free
affiliate link on amazon
you could go ahead and make money so
that is the first way the second way
actually is direct publishing or kindle
publishing or creating audiobooks
now i actually have friends that make
anywhere from like 10 grand to 20 grand
to even 30 grand a month
um promoting books that they don't even
have to write themselves
me on the other hand i ended up writing
these books but as you guys can see i
don't have to actually create the books
i don't have to ship out the books i
don't have to
store the books in bulk i could just go
ahead and sell my own knowledge on here
for free
with kindle direct publishing now it
doesn't necessarily have to be a book
that you write like there's a lot of
people that write books kind of like
this that they literally find a
ghostwriter to do the hard work for them
and they turned it into a business
themselves a lot of these books that you
see
not a lot of the authors themselves
actually write them
and they get someone else to ghostwrite
them for for maybe like 500
bucks i guess for a book but if it does
do really well
and gets a bunch of sales and that's
pure passive income on your part now the
craziest thing is i remember when i
first moved to chiang mai thailand it's
a place in thailand where there's a lot
of people that work online
ended up leaving you know the uk
australia and america to go and live in
i actually met a friend that did really
well on this and i found out what books
do you actually sell do you actually
even write these books yourself
and he told me that he writes these
style of books where like they're
vampire romances
or you know like where some type of wolf
comes from the
mountains and goes and like takes a
woman and makes her fall in love it's
just like the weirdest of niches
but for some reason that's where most of
his money was coming from
with kindle direct publishing all these
like romance style things because
when people really enjoy the first book
they continually buy more and more
and the craziest thing is he's not a
writer he's just some british guy
that hired somebody else from the
philippines to do all the writing for
him
to make the most ridiculous story when
it comes to romances and vampires and
motorcycles and it's just really
interesting a lot of these people are
making money
and odds are most of these people didn't
even actually write the book now the
third way is drop shipping so a lot of
people what they're actually doing right
now
is they are going and taking products
from other places like for example
walmart or other products like overstock
and they go ahead and they just list it
on amazon now there is like
some things that you have to do a lot of
hurdles on i remember when i learned
this
tactic around 2013 i think and it just
blew my mind that
i i never understood why people would
actually buy things that are cheaper on
walmart on amazon
and it's literally because of the fact
that amazon is the marketplace in its
own little universe in itself
like when you go to amazon you don't
really go and shop around you just go
there
make an order and get your order within
a couple of days that's why a lot of
people are taking advantage of the
amazon brand and realizing wow
i could actually go and sell other
people's products on here
meaning it's a very low risk to me the
only downside
it's very very low profit margins now
the fourth way which is what i did back
in i think 2012
2013 and that's amazon fba now this is
gonna be a lot more higher ticket you're
gonna have to
have a higher risk like what i did is i
ended up buying like 3 thousand to five
thousand dollars worth of grill gloves
and as you guys can see it's like a
dollar to do dollars here
it's like a dollar two dollars per pair
here and we were flipping them for like
15 to 20 bucks
on amazon right here these were kind of
like the style of gloves that we were
gonna
go ahead and sell and these were
actually my competitors back in the day
so it's actually really crazy that
they're still
doing really really well you know they
have 2000 views they're selling it for
17 bucks
but their price is only about two
dollars right
so after amazon takes their fees they're
probably keeping anywhere from like five
to ten dollars a pop if you are able to
make this happen it is
pretty passive income the only downside
is it's a lot higher risk than you think
um competition comes in when people see
things are doing really really well
they come and take you like for example
i sold these gloves and
i was kind of like the first movers
advantage but then everyone started
selling the exact same damn gloves as me
and it turned into a giant price war
i remember these guys were literally
like the top dogs at the time
and they just like bullied me around
they charged
anywhere from like nine dollars to
really beat me from like the reviews
and i was a small person right so i
couldn't just give
all of these products away technically
at break even to just buy more because i
didn't have the capital
to buy more and more grill gloves and on
top of that it takes anywhere from like
three weeks to even three months to get
these products from china
and then sent over to amazon that's not
also talking about the different
negotiations that you have with the
chinese because all these are chinese
manufacturers a lot of them are really
interesting when it comes to
english you speak via skype it's it's
literally negotiation
so even though it says a dollar to three
dollars per piece they're open to
negotiation and
another downside is you need to place
what is called an moq
which is a minimum order quantity so if
you do not like high risk things
even though this you could get passive
income it's it's still one of the most
high risk things especially if you were
just getting started expect anywhere to
spend two thousand to three thousand
dollars just for the product
and then you have to go and figure out
how to optimize this specific listing
so that it actually can be seen on
amazon you know you have to learn how to
write
the right descriptions the right words
that get people to buy and not only that
but the right titles as well as well as
a lot of the search engine optimization
that's a whole nother skill
i wouldn't actually recommend this to
get started with amazon there's a lot
less riskier ways
like if you look at the amazon
associates and with this the only
downside with this is it's not as
profitable as some other ways that i'm
going to share with you pretty soon now
the fifth one
is starting to learn all these things
but then selling it as a service
there's like this little gold rush where
a lot of people are realizing that it's
very hard to make money with amazon
because of the competition
and because of the barrier of entry like
you need anywhere from like five
thousand to ten thousand dollars to
actually go ahead and succeed with this
i have a friend here in bali that does
really well on amazon and he said mike
the reason why beginners fail at this is
because we bully them out
we literally launch anywhere from like
three thousand to ten thousand dollars
worth
of money that we use to launch each one
of these products
and we expect many of them to fail but
the ones that do succeed are the ones
that make up for the losses
the problem with beginners when they
come into this is like i said they don't
have the experience and the knowledge
and the expertise actually grow this
right so a lot of people are doing now
instead is they're leveraging the people
that already have the money
they go to people that want to invest
into certain things into certain assets
or whatnot and they said hey
what if i just build all this for you so
instead of you
actually investing your own money you go
up to somebody it's called a high net
worth
individual and said hey i'll literally
build your amazon band for you you
literally don't have to do anything
and you just have to upfront the the
capital that's really it
it's a smarter way because you guys got
to realize that when you get started in
online business especially amazon
it doesn't necessarily have to be your
own money why do you think people in
silicon valley raise millions of dollars
they have like a lot of people have the
money themselves
to actually go and you know build their
projects
the thing about these entrepreneurs
though is they're very smart and they
don't invest their entire life savings
into things
that's why they raise capital and that
way they mitigate the risk
by having higher people with more money
where
if they lose their money it's a very
very small fraction of their net worth
compared to most people that get started
in amazon they're like oh my god let me
just take my entire life savings
just throw it in there and they mitigate
their risk by turning this into a
service
while also getting a percentage of the
upside you see
you probably see the ads over and over
again they're like oh we'll build an
amazon store for you
and what that service essentially is is
they're gonna build all this for you
they're gonna charge you ten thousand
dollars up front
and they're gonna charge you anywhere
from twenty percent to forty percent of
your profits
they're probably wondering well why
would investors actually want that well
they don't have to do anything
and all an investor thinks is okay where
can i park my money
where i'm going to get more than 10
return of my investment right
so if could if it could be index funds
or real estate you know
that's that's going to be in their
higher risk class of investments
you don't they don't want to learn all
these things so all you got to do is
literally learn by watching a bunch of
free videos
you don't use your own money maybe get a
course or two but then
when it comes to investing in products
you partner with people
who are already looking to sell on
amazon this is literally what i
could have done back if i decided to
stay in amazon
i i was getting anywhere from like 10 to
20 sales a day back in like
i don't know like several years ago and
i was like man this is like too
complicated i don't have enough cash
flow
to really invest in more but people were
seeing that i was getting 10 to 20 sales
a day with the grill gloves that i was
selling so i had a friend that owned a
bunch of tanning salons and he was like
i want to get into amazon
and we were going to make a deal but
then i ended up leaving america to go to
asia and then to
get my entire fantasy so then i never
pulled through but it is a good
opportunity especially if you are
willing to put in the sweat equity
which is pretty well if you're just
getting started in entrepreneurship you
have somebody front the money but it's
your time and your sweat equity
and your learning curve that you have to
figure out and
make sure that you don't lose that
person's money as well now the six way
which is a lot
you know less of a stress thing because
you're technically kind of like an
employee for somebody else
and that's becoming a freelancer for six
seven and eight figure
amazon businesses i'm talking about
existing businesses
now i have a really close friend here in
bali this is his main business he
started off as a freelancer
um really helping out people with amazon
businesses
he first started selling on amazon and
he's like oh this is too much i'm just
going to turn this into a service
but the the difference between selling
it as a service to you know well like
people that want to invest money this is
essentially like you're a service
provider for an existing business
so if you can see right here this person
does listing optimization
so he literally helps the seller
somebody who's already selling selling
on amazon create this entire thing
right because the thing about all these
products is there's a businessman behind
it that doesn't want to do all these
things
the problem with most people is they
think when they get started in
entrepreneurship they have to do
everything but they don't what you can
do is you can literally
specif specify a certain skill set that
you are good at
you could learn it on youtube right
there's a bunch of free videos
and you could then sell that as a
service this person charges 75
an hour has made over two hundred
thousand
dollars and he's from the us this person
is from the uk charges fifty dollars an
hour
a hundred thousand dollars earned and
the craziest thing is like i said
you could use this to start you know
maybe if you have a job
start leaving your job just a little bit
start making money online and then you
have like the safety net
where then you can start focusing on you
know different other business ideas
and you can just check it out on
upwork.com and last but not least
this is my favorite because when it
comes to a gold rush
the people that make the most money
aren't the people that find the gold
it's the people that sell the shovels
and that is becoming an affiliate for
courses that actually sell on amazon
you know what you see the entire demand
is a lot of people are going on here and
trying to figure out how to make money
on amazon
which means if you really think about it
it's the exact same thing in the gold
rush a lot of people are going to
california
same way to find gold a lot of people
are going to amazon
to make money because it's like the
biggest freaking company in the entire
world
so what a lot of people are doing is
skipping all of this
and just going straight to email
marketing building an
audience on their email list they don't
have to make videos and then promoting
high ticket offers like i remember when
i i built like a small
list of uh emails back in the day even
before i started youtube right
um and and i remember for some reason we
were running money uh we were running
ads on facebook ads
and my facebook ads were just completely
destroyed i was banned from running ads
from facebook for some weird reason i i
ended up getting it back
but for a couple of months i was scared
because all of my income was just gone
and all i had was a very small email
list and a
a group of people that wanted to learn
how to make money online now the thing
about that at the time is
uh this company started you know
creating high ticket products they were
like five thousand dollars
per course or whatnot right and you can
see kind of like the affiliates
you might notice this guy he has like a
big youtube channel and all these other
people that also
kind of promoted this product or worked
with them in the past
and what they essentially do is they
teach normal people how to start a
business on amazon
the crazy thing though is this product
is like five thousand dollars
the good news is is they do all of the
selling for you
right so when i was like literally like
all my income was gone
i had this i didn't have any product to
sell but i had the small email list
i just asked them what it is that they
wanted and they're like i want to learn
how to sell on amazon
but me even though i was getting 10 to
20 sales a day on my amazon business in
the past before i stopped it because of
just competition and headache and hassle
i was like you know what i'm not the
expert let me go find and partner with
the expert
and that's when i actually bumped into
these guys and a lot of these people you
know you get half
or i think 40 percent of the the sale
so imagine this i just sent similar like
little
like emails to my email list that people
are like oh wow i want in on this
they did all the selling for me by doing
webinars for me by doing video sales
letters for me by doing email marketing
for me
on their end and if somebody ended up
buying i would get anywhere from like
two thousand dollars
commission so that first month i only
got five people to buy right i only got
five people to buy
but that was ten thousand dollars profit
into my pocket
now you got to compare that to how long
it will take you to do ten thousand
dollars profit here
right you have to trade your time for
money so it's essentially a job uh if
you look at here
you're you're trading a lot of money up
front so you're literally spending five
thousand dollars of money that you might
not have that you might put it on a
credit card
and that's what makes it scary to make
ten thousand dollars
say you sell like 20 products a day
20 products a day at i don't know five
dollars profit so that's what like a
thousand what the hell am i talking
about that's like a hundred dollars a
day profit
so that's about like three thousand
dollars profit and you have to get 20
sales a day
okay compared to five sales a month then
you have this the profit margins could
literally be as low as like two percent
right in some cases when i was doing
drop shipping my profit margin
because i was doing it this way from
like walmart to ebay or walmart to
amazon
it was literally as little as two
percent i may made most of my money from
the travel awards credit cards and the
cash back sites like racketon
where i would get like a two percent for
every single hundred dollars that i
would
spend and this it does pretty well i do
i have some friends
that do really well this but because the
barrier of entry is very low
the competition comes in so the thing
that people are making the most money
now isn't even from ebooks anymore but
it's from audio books
but it was like that several years ago
ebooks was a thing then it turned into
paperback books
then that turned into audiobooks but
then as the barrier of entry is very low
more and more people are going to come
in competition comes up same thing that
happened with amazon associates
the problem the most amazing thing with
this is you don't need that big of an
audience you don't need that big of an
list and this is like just affiliate
marketing in pure essence
you build an audience you then sell a
product that you do not own you do not
have to create you don't have to fulfill
you could be a one-man person
or one woman person you don't have to do
any customer service and you can grow
this pretty damn big
right and this is just one form of
affiliate marketing we even have faster
forms of affiliate marketing if you
check out the free workshop below
where people are going from zero to a
thousand dollars a day with this
interesting
little thing that is happening right now
especially during lockdown
as well as if you need to help with uh
doing this yourself with email marketing
or building
your own website to start building a
brand if you don't want to be on video
check it out on the link below
love you guys i'll see you guys later
peace
you
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