- So if you're anything like me, you probably clicked
on this video because you are looking for a brand new way
to create a sustainable passive income online,
from the comfort of your home,
without any fancy degree, prior experience,
or any special talent.
Whether that's the case or you're just looking
for a way to make crazy amount of money from your laptop
while being at home, then this video is for you.
Amazon FBA's taken off in the last couple of years
and I get it, with so many different steps and methods,
it's hard to know where to get started.
In this video, I'm gonna show you my exact method
to start selling on Amazon from scratch
and using this exact method,
I built multiple six figure Amazon FBA stores
in less than one year with no marketing
or even making my own product.
So if I was starting all over again today as a beginner,
this is the only Amazon FBA guide I would've needed.
If you're new around here,
my name is Jatin and I'm documenting my entire journey
of growing my online business with as much detail
as possible to help you start your online business
this year.
So if you're interested in starting your online business,
and follow my journey, then hit that like button
and subscribe for new video every single week
and now let's get started.
Here's some live results, which I'm getting
with this exact method, and as you can see,
I recently hit a record day of over 3,000 pounds
in just one day.
The profit on this is around 30%,
which is around 900 pounds.
I just wanted to prove to you that this method works
and it's worth your time.
So there are four things that goes into building
a successful Amazon FBA business.
The first is your product, the second is your analysis,
the third is your supplier
and fourth is scaling your business.
Now, I'm going to break down each of these one by one
as simple as possible, so let's start with the product.
Without good product,
it's pretty much impossible to have success with Amazon FBA,
but thankfully there are thousands of good products
out there which you can sell and every week,
new products are added, so the opportunities
will always keep coming.
When looking for a product,
there are three types of products on Amazon.
The first is arbitrage product,
which is basically a product you can buy
from your local supermarket
or retailer and resell on Amazon.
Here's a live example.
I can buy this dressing stool from Robert Dyas
for 79.99 and resell on Amazon for 164.99.
This product would give you a profit around 34 pounds.
So if you just sell six stools in one month,
you'll have made a profit of almost 200 pounds.
The second type is a wholesale product, which is when
you buy from a wholesaler and reseller on Amazon.
This wholesaler sells these products for a wholesale price
and the same products can be resold on Amazon
for a higher price
and the third type is a private label product.
This is where you go on websites like Alibaba
and create your own product.
Like these five resistance fitness bands are being sold
for 8.99 with the sellers branding, but you can buy the same
bands from Alibaba and put your branding on it
for less than two pounds.
Now, the type of products you are going to look for
are arbitrage and wholesale products only.
This is because these products are already selling
on Amazon, so you don't need to do any sort of marketing
or even making your own product.
You can use existing listings with with other sellers
and simply start making money
selling the exact same product.
I only sold these two types of products since I started
my FBA journey and I've found success over and over again.
The next thing is the product category.
I do not look for products in a specific category
because what I found is that on Amazon,
anything and everything sell.
You don't want to sell products from a specific niche
and miss out on all the other product opportunities
from other categories.
The whole goal is to have more products which will result
into more money for you.
The last thing I look for in the product
is good profit margins.
What I consider to be good profit margins
is being able to make at least 30% more than what you spend
on buying and sending the product to Amazon.
You can calculate this by using an ROI calculator.
Here's an example of how it works.
If I'm spending 10 pounds on a product,
then I want a return at least 30% more
on the 10 pounds I spend on buying the product,
which will be 10 pounds, which is my initial investment,
plus three pounds, 30% more,
will equal to 13 pounds in return to me.
You can grab this PDF without giving any of your information
to me where I've explained in detail
how to calculate ROI using a free ROI calculator.
Link is in the description.
Now, this pretty much everything I look for
in a good product.
Let me show you a live example
of what exactly I'm talking about.
This product is a really good product.
This is a product I've actually sold
in the past and I use another supplier who was cheaper
and as you can see, the invoice right here.
I was able to get a pack of 24 for 39 pounds
and six pence each,
which meant it only cost me one pound and 63 pence per unit.
I was selling on Amazon in a pack of two for 13 pounds
and 75 pence.
This product is currently selling around 80 times a month,
and has a ROI of 103%.
That's literally crazy.
Your banks give you an ROI of 0.5% a year
on your savings account.
Now the way you make sure that this is not
a private label product is by making sure
there are at least more than three sellers
selling this product
which you can check right here.
So this was an example of a really good product
you can sell on Amazon.
The simplest way to find products like this
is by simply going on Google and typing in wholesalers UK
and then open an account with each one of them
and go through the entire product catalog
to find a product which you can resell for a profit
on Amazon.
It will take time for you to become good
at finding these good products, so don't expect
to instantly start finding very good products.
All right, so step one was finding a good product
and liking this video.
Step two is doing the analysis to make sure the product
you have found is actually selling.
You can come across so many products which you think
are good, but will end up not selling and make you a loss.
As soon as I find a good product on Amazon,
the first thing I look at is the best sellers ranked.
You can find this number under product information
for every product.
The best products which actually sell are the ones with less
than hundred thousand best sellers ranked.
The lesser the BSR,
the more the product is selling.
So the first thing to look for when analyzing a product
is ensuring it has a good BSR.
The second thing you would look for
is something lightweight.
This because the heavier the product,
the heavier the FBA fees.
So as the size and the weight of the product goes higher,
your profit margins go lower.
Plus the shipping cost can be very high
if the product weighs more than two pounds.
The last analysis is to make sure the product you're selling
is not a seasonal product.
You don't wanna buy a product which has so many
good reviews and has a really good profit margin,
but does not sell throughout the year.
You can figure out if it's a seasonal product
or not by just looking at the product.
However, the best way to determine this is to go to
Google Trends and type in the main keyword of your product.
For example, if your product is a Christmas toy,
then simply go on Google Trends
and type in Christmas toys.
once there, you'll be able to see if your product
is seasonal or not.
If your product is seasonal,
then you'll see big dips in the line graph.
Now there are so many softwares you can use to help you
analyze your products, but I recommend first
you do it manually so you understand what you are doing.
The next step is finding a good supplier.
Once you have a good product and a good supplier
for the product, you can continue making sales every day.
Finding a good product is easy
but finding a good supplier can take time
and you should always spend more time looking for
a good supplier
because there can be multiple suppliers for your product,
but finding the cheapest will make you the most profit.
Reliability should be another key consideration
for choosing a supplier.
Reliable suppliers delivered the right goods
or services on time, as described.
Large suppliers are generally reliable
because they have enough resources
and systems in place to make sure they can still deliver
if anything goes wrong.
However, you can often develop a closer relationship
with smaller suppliers,
especially if you are their main customer.
In these cases, your supplier may also respond better
to different requests such as rush orders
or holding onto stock.
The best way to find suppliers is simply locate them online
by simply Googling products
and you will have thousands of results come up,
so take your time to find the best supplier.
A key tip I will give you here is to always try
and speak to your supplier via call
rather than always emailing them
because it's better and faster than emailing.
Moving on to the final step, which is scaling.
Most Amazon FBA sellers get on Amazon
and once they make few thousands per month,
they find it difficult to scale.
This is mainly because if you are one man army,
it may take you hours to pack your products
so it can be sent to Amazon.
However, this is when you can be smart and start delegating.
The number one thing you remember when trying to delegate
is first figure out what is taking most of your time
and start off by delegating that.
The time you get by delegating a task
will enable you to look for more products
and spend more time doing what helps you
to expand your Amazon FBA business.
Another thing you can do to keep expanding
is keep recycling the money within your business
rather than taking anything out in the start.
With Amazon, the more money you spend on buying products
the more money you'll make.
The last thing thing when it comes to scaling
is look for a person/mentor who's already doing this.
Why would you not want to learn
from someone who has already done what you want to do
and will help you to avoid all the failures
from their experience?
So this is pretty much my exact method
on how to start your Amazon FBA journey from scratch.
This is exactly why I did to make over six figures
in the last 12 months on this account.
Now, obviously there's a lot more to running a business
like this, but that's why I'm dropping new videos every week
to hopefully cover everything I possibly can.
Go watch this video to learn Amazon FBA wholesale
step by step, and don't forget to subscribe
if you enjoyed the video and leave a like to help this video
reach more amazing people like you.
I will see you in the next video.