what is going on Amazon sellers or hopefully soon-to-be Amazon sellers my
name is beau crebbil and in today's video I want to go over about the
milestone and just announced about how I just hit over three hundred thousand
dollars in the last month of selling on Amazon now usually how these videos
start is with some a guy Ragini's of someone with renting out really
expensive house that they can't afford and just kind of flash them a bunch of
the material wealth and but I'm an investor I look up to people like Warren
Buffett I look at the people like Charlie Munger I look up to my mentors
and I've been really lucky enough to not have the same mindset of people around
my age to make similar amounts of money because you can really end up hurting
you I mean for example the people around my age of making someone our money and
when they go buy an expensive car or watch that thing they're buying is
actually not adding to their net worth so they can't become a thing my kind of
credit investor and I'm technically in a credit investor and there's so many
things that can come with that benefits actually really funny thing is my um
Amazon business literally got me approved for mortgage mortgage on a
house and like I'll go there's gonna be an entire for another video but somebody
that's what I want to explain to that is somebody just hit over three hundred
thousand dollars on the last 30 days in my Amazon business now I'm actually very
reluctant to like share my sales all the time actually what I want to do right
now is go into my computer and share with you that these sales are real I
actually made a video about how people a would have fake screenshots so I'm gonna
just dive right into my computer right now okay so you can see I'm going to my
computer you can see it's my computer says my name I'm going to hit refresh
boom well actually I just did a little extra sales right there so that's cool
but over 300 2000 dollars eighty one dollars for the day I hope to do more
than the day but hit refresh again but I made a video on how people would have
faked their screen shots and refreshing is pretty much the only way to make sure
that they're real but that is it so now back to me explain about how it's kind
of I'm reluctant to really like explain to people like oh the revenues I'm doing
is because I think it can distract you right I don't want you to compare
yourself to others you want to be going off your own pace
I've been selling online for 10 years now yeah now I've only Reuben serious
about it for the past or five years because I stopped being
individual an athlete and dropped out of college anything along those lines but
you don't wanna compare yourself to others but I've made crazy amount of
mistakes in my Amazon business and you really want to I mean it's better to
learn from other people's mistakes it's okay to learn from your own mistakes but
it's better to learn from other people's and but these numbers I'm looking at
right now these sales figures I want this to be 10x next year and I think
that's actually realistic for me so what I've kind of noticed is that once I
started doing more and more in sales after I got to the point where I didn't
have to worry about making a living or one half to about money at all
everything that just seems like a numbers and just a game after this it's
simply a game so just kind of keep doing and having the same focus every single
day so okay whatever made a bunch of money now that doesn't even go waste a
bunch money now and buy some stupid things and one thing I actually ought to
lead you off with in this video is because I don't want there to be me
bragging about my sales I want to give you some actual valuable information and
to be about actually keeping your cost down all right a big problem that I've
seen with people who want to grow their business is when they grow their
business they grow their expenses they get more employees they get a bigger
warehouse I mean for example I don't understand why some people have a big
warehouse in their Amazon business today in the Lord you don't need to all my
products I merely run this business out of my house in my PJs right now my
Amazon business I don't touch the products I buy them for my suppliers
ship them directly to an Amazon white house with an Amazon fulfill this to my
customers and a lot of people do that but then they also have their own
warehouse I only give you this example right now let's say you have a warehouse
that's costing you $10,000 a month which is pretty realistic for a warehouse to
kind of gain back that $10,000 and let's say you're getting a 10% margin not 10%
ROI but 10% margin so every time you do $100,000 and sales and getting 10%
margin it's a $10,000 profit you need to do an extra $100,000 a month compared to
what I do to make the same profits so me doing $3,000 if someone has a warehouse
where they're wasting 10 grand a month off of it they're going to have to do an
extra 1.2 million dollars a year to do the same what I'm doing so I like to be
efficient and let me know on some you know right now on a couple things on
how you can actually lower your logistics so I mean first off if you
have a warehouse think about getting out of that but one thing actually one let
you know is about virtual assistants so when you're start to do more revenues
you can't be a little more busy I mean I honestly I spend less time today than I
ever have so but if for some reason you're not organizing your business then
that could be a problem but virtual assistants virtual assistants are people
that you outsource to other countries typically in the Philippines or India
and they're employees at a very low wage now don't feel bad that you're paying
these employees four bucks an hour because you can literally get virtual
assistants very intelligent people on employees for three four bucks an hour
three to four dollars an hour the Philippines is like 15 in the US I
wouldn't do the transfer rate but with virtual assistants I don't pay them like
all the time but it won't me when I need them so if you need something done your
business and you understand that you only want to be focusing on high-level
pass because to do this Amazon business that skill you won't be focusing on
high-level tasks which are sourcing products and building relationships with
suppliers and anything else if you can outsource it great
automate it even better but virtual assistants could be something if you
want to kind of learn like where to get the best virtual assistants I actually
will have a link down below in my description I'm talking about a site so
you can actually click down below to get virtual assistants the second thing I
want to leave you off with is about reimbursements so when you're doing lots
of volume and Amazon and when you're buying products from your supplier and
get them shipped into Amazon there's gonna be many times where Amazon loses
products and but there's also many times where Amazon actually gives you too many
products than you sent in so when Amazon loses your products you can get
reimbursed for them if your distributor your supplier damages your products you
will get reimbursed for the selling price minus the fees so exactly what you
would sell it for if Amazon damages or loses your products they will reimburse
you at the selling price minus the fees so exactly what you can sell it for now
there's some times they try to automatically reimburse you but if you
check in your manage shipments and your as you just sent in five hundred units
and they want to give you 490 you need to go in there and you need to supply
your invoice you'll get reimbursed for those products
now on the flip side there's been many times where I realize that Amazon sent
me in 510 units when I sent 500 and now that's up to you I usually stay quiet on
those lines and just don't say anything about it but that's something to kind of
leave you off with but again I'm just really excited for my Amazon business
I'm happy that I did this milestone but what am I gonna do different am I even
celebrating about this no I'm gonna get back to work and just keep working on
this I want this number to be TEDx next around this time so thank you so much
for watching this video if you want to learn more about selling on Amazon I do
have a course that goes over everything you need to know from step by step by
step I'll have a link down below in the description but hope you have a great
day to have any questions at all about selling on Amazon drop them down below
in the comments I will respond to every single comment feel free to subscribe to
my youtube channel I have a podcast out there up over 200 other YouTube videos
and just have a great day