How to start an Amazon business with
absolutely no money at all
And no, I'm not talking about like, okay
go put your Amazon business on a credit card
Or go get some funding at a really high interest rate
No, literally no money, no funding, no credit at all
And it's Beau Crabill here
I'm shooting this video actually from a hotel room in Los Angeles
And let me get right to it
Okay, so I get this question all the time
Beau, I want to start an Amazon business
but, you know, I don't wanna go put money upfront
It's, and that's the reason why some people are in dropshipping
or so many people just, who are afraid to get started
is because they don't want to
It's not that they don't wanna make, like lose money
It's also like, they don't want to
know that they were wrong
They don't wanna go up to like, some family member and explain
okay, I lost, you know, a thousand dollars
Or they check out their
It's actually really funny, I just had a seller
An Amazon seller came to my house
It was a small Inner Circle Mastermind
and he was hilarious
He put money into his business, right?
It was a good chunk of change, like a lot of inventory
It was like, I think $5,000 or
It might've been $10,000 or something crazy like that
And he has a wife, he didn't tell his wife about it
Started the business, and his wife is literally an accountant
who handles all the bills
So it's like, okay
And practically, when the next, like statement dates happen
And when, you know, she's an accountant
so she did her job for the most important business
which is your family
And yeah, so she found out pretty quickly with that
But the reason why that person didn't tell his wife was not
Probably wasn't because his wife wasn't supportive
It was probably because he was just afraid to like
potentially have failure, which makes a lot of sense
If you're ever in that
Like, if you've ever been in those shoes
You're like, okay, you don't wanna go down that route
you know, let me know down in the comments
'Cause everyone gets to that point, right?
It's not even like, these things with financial aspects
It can happen all the time
So I've been working on a lot of things recently, where
I'm not going to do this
or we're already doing it super hard right now on my team
Is, operating my Amazon business
So, here's a really funny story
Is, people who sell on Amazon, who are in my business model
They're, I would say, the biggest like, thing that
stops them really having success is having good suppliers
And people sometimes, you know
I know how to go find suppliers the right way
I actually was
It's really funny, people think they can't
create relationships with suppliers
Is, when I was, I think I was 17 at this time
Or was I 18? I was 17
And I was sitting next, I was at a trade show with a supplier of mine
Met up at his booth
And to the, like right next to us was a buyer
So, a representative, a seller from Sears
That they were buying from the same exact supplier
So, if I was able to go create a relationship with
a supplier that Sears also uses
you would think that you should be able to go do it as well
as I was 17 years old
Anyway, what I'm bringing up here is, many people
they understand they need to go find suppliers
And when you're dealing with suppliers
you have to go buy products
So if you wanna go sell on Amazon
you have to actually put cash upfront
It's like, it's a legit business, right?
So, the issue with that is, people
they may not have the right suppliers
So, that doesn't give 'em enough confidence to go do that
Or even worse, they will
Oh my gosh, actually, I had a really funny question
There was someone who DM'd me on Instagram saying
Beau, is a 20%-30% ROI every single month scalable?
Maybe you should just Google
what Warren Buffett gets on his money every single year
So, now this isn't like
Again, I'm not trying to talk down on anyone here
or saying, okay, you're not intelligent
It's just that, when people first get started off
it's completely backwards
They're kinda just like
keeping themselves in a hamster wheel because
When you first get started off with suppliers
is you're actually, you have no leverage
And this is where this video's gonna get to, is having leverage
Is, you have no leverage
You've never dealt with that supplier before
so you're going to get literally, probably the worst
prices on those products
So you're gonna have the lowest ROI
However, for some crazy reason
humans are very risk-adverse
That they hate risk
They, you know, they don't wanna deal with that stuff, right?
Ever since people were cavemen
they don't wanna touch fire, it burns them
Which makes sense
However, so when people first wanna get started off an Amazon business
it drives me nuts
It's because, they want to see the highest ROI
without putting in any work
I'm like, this is madness
Like, why are you expecting to achieve
a higher ROI than I even get in my business
and I've been doing this for several years
And I have huge relationships with suppliers
So, when a lot of people get started off
they want to have the highest return on investment on their products
They want to make the most amount of profit
and they're in the aspect where they have the least amount of leverage
So you need to get that flipped
And I've just been, you know
hitting on this question kinda big
'cause I have always been running my business
And something that I've actually been doing quite a bit
that's actually, I realize, okay
if someone could actually do this
Do what I'm doing, which is giving myself leverage
without even me knowing these suppliers
or even knowing these brands I'm working with
people can do it too
So, what I've actually been doing
Getting to the point on, okay, how you can actually
you know, start an Amazon business with no money
And this is talking about, if you're selling name brands
Is, I've been working with brands directly
and also some retail stores
and other business owners who have access to products
And I understand that they want to get on Amazon
So, I know there's a company down in the south who
They have a really successful company
and they're selling direct-to-consumer
and they started with some of their, brothers of them
I'm not gonna say what types of products it is
'cause we have confidential agreements and everything
But, you know, they pretty much came up to me and said
Beau, you know, we just want experts who know what they're doing
to fulfill that side of the team, right?
And it makes a lot of sense
You should be focusing on your strengths, not your weaknesses
So they wanted me to get the money on Amazon
They already were selling on Amazon
so they actually just wanted me to take it all over
And guess what, was I just gonna sell their products
Okay, cool
You know what, thank you so much for giving me this deal
Thank you, thank you, thank you
And me, like not having leverage
and telling them, okay, I'll just sell your goods
I understood, okay, it was gonna take me
a lot of resources and a lot of time
And I know the value it could provide to them
So, our team, what we actually do
is we actually charge brands, retail stores, business owners
cash upfront to be a service to them
To actually say, hey
Kinda like a, I don't wanna say like an agency
But practically, our goal
our intent is to be able to go sell their products
To buy it at wholesale, sell it for more
So we said, okay, great
You know, you guys got a couple hundred SKUs
you have a few SKUs on Amazon right now
For, you know, our resources and what we're gonna do to you
You know, get the things up, get them improved, get the rankings up
Or, I guess rankings down in a good way
Is, a few thousand dollars upfront
And then what we'll do with it, end of X amount of time
is we're gonna be your only exclusive seller
So, it's really interesting
If you're in the Amazon game, you understand the benefit of
being exclusive with brands, or being exclusive with suppliers
whatever it may be
And people just strive for that
They think they need to add so much value to them
And in reality, I'm literally getting paid
before I sell any of those products, to do it for them
That make sense?
So, to recap this
Or kinda, not recap it, explain to you what I'm doing
Is, I am getting paid to find suppliers
I'm getting paid to sell products
and I'm making profit on top of those products
So, this is what most Amazon sellers are
Amazon seller, call it random Joe or random Sally
who's running their business
They spend hours and hours and hours, which is good
You know, this is a legit business, it can actually work
I'm just saying, you could go down this route
if you, you know, if you want to
It's gonna take you a lot of time
and it's gonna take you a lot of resources
and you will need to become an expert
So you're gonna really have to educate yourself
Which, I think, at the end of the day
it's probably better for you to go down the route
the traditional route that I teach
you know, in my trainings, everything like that
just because it's a lot easier to then
get to the point where I'm at right now
However, is, if you are comfortable
and you have connections and things like that, you can actually
Like, what I
Most Amazon sellers, they're trying to, you know
find so much time in finding the suppliers
and they don't know what they're doing
They're not educating themselves, they're working in their business
And they're just hoping to get some products
and then they go buy 'em at wholesale
So they put cash upfront, which is fine, it's an asset
You shouldn't see it as a cost
And then that, you know, sells for more
And what I'm doing is, I'm also doing that
but I'm also getting cash upfront from the brands I'm working with
So, that's kind of a way to get started with no money
Now, a lot of people
Again, at the end of the day
People will say, like okay, you know
if you can't make money with no money
then you can't make money with money
I thnk that's actually completely false
When you're operating a business like this
If you look at, you know
If you look at a retail space
That's what we're doing, we're buying low, selling high
If you look at the retail business, financial markets, and real estate
that's created the most amount of millionaires
they had to put cash upfront
You know, the owner of Walmart had to go open up a retail store
And the cool thing about, you know, my business
we don't have to put up so much money upfront
You just have to put a couple
thousand dollars in inventory to get started
You could put more
That also leads me to the next point
Is, you know, you may be watching this video because
maybe you lost money, or maybe you, I don't know
are afraid of losing money
I've had a lot, oh my gosh, there was actually a person
who sent a message on Facebook or something like that
I don't remember where it was at
And he said that he was
He put, like $13,000 upfront for some inventory
He's never sold anything before
I think he's watched, like a couple of my YouTube videos
Which, you know, my YouTube videos
give you really good educational content
I'm like, I suggest to consume all of them that you can
Like, stop watching Netflix or things that are not
Like, if you're actually serious about this Amazon business
I have tons of hours of information that you could take action on
this YouTube channel
But this person just watched a couple of my YouTube videos
Just dangling along, and just got a business set up
And he put $13,000 out
Like, the reason I'm saying this is because
I don't even do that in my business
And, you know, he realized he was kinda stuck
with some of the products that didn't turn out so well
I'm like, well, why didn't you just start small?
Why didn't you like, learn about it first?
Anyway, the reason I'm bringing up this little story right here is
it doesn't matter what route you go down
it doesn't matter if you're trying to start
this business with no money, or put more money into it
You're like, oh, I'm a hotshot
You know, I can put $50,000, $100,000 into this, whatever it may be
Is, you know, you gotta think smart first
You gotta start small, you gotta build the confidence
You know, I've had more people, I think
who have failed with this business
who are really cocky and, you know, have access to money
They're like, oh, let me just put more money into it
You know, and they have like, some power thing
Like, you know, I used to be successful in real estate
or I used to be successful in this, this, and that
I'm like, okay, cool, that doesn't mean jack, right?
I mean, it really doesn't mean anything
Again, it's not a matter really of who you are
it's a matter of what you do in this business
So anyway, to recap this video
if you wanna start an Amazon business with no money
there's ways you can do it
It takes some resources, it takes some time
but you could get the leverage
You know, you could get, work out deals with brands and retail stores
And it doesn't even have to be, like you charging brands upfront or
retail stores, anything like that
It could literally be you working with them
and you go on some type of like, you know, commission deal
That you just put their products up to it
You don't handle any with the money
You just show 'em how to do it all
and you just take a small percentage
That can also be that as well
Or you can just, down the route
you know, just save up some cash
put money into the business, and go from there
But anyway, you know, I'm making this video because
I get questions all the time, and there are solutions
So if you don't think there's any solutions out there
you know, let me know
Comment down below any problems that you have
Questions, comments, I wanna answer them for you
But I'm gonna, you know, head out right now
And have a great night, or day, or morning
or wherever you're listening to this to
Adios