Hello James Greaney here from internetbizuni and in this video
we're gonna be speaking about how you can start selling on Amazon via Amazon
FBA with less than a thousand dollars. So stay tuned so this is a question that I
get asked all the time it's from people saying you know I've only five hundred
dollars or I've only six or seven hundred dollars you know and I want to
get started with Amazon FBA where can I get started what should I get started
selling and this is what I tell them you know you're better off not starting with
private label if you have below 1,000 dollars and the reason for this is
simple that it's hard to succeed if you start with less than a thousand dollars
yes you can do it and yes you will hear of tons of different stories how people
started with a few hundred dollars me myself start my first private label
brand with less than five hundred dollars when starting out and it was
possible because it was a lot different back when I started I started back in
2013 and it was a lot less competitive whereas today when you're starting you
don't just have to have money for your product you also have to have money to
get your products launched to get good quality product photography to create a
good product listing all of this requires some money to get started with
so there's no point just investing you know five hundred dollars in start-up
inventory and expecting it to take off you have to spend money in order to make
money and that's why you should start with at least $1,000 and anathan below
that you shouldn't really consider starting with private label but hold on
a minute because I'm gonna give you some ideas how you can get started with less
than a thousand dollars without doing private label so the first thing that
I'm gonna tell you is if you have less than a thousand dollars and you want to
get started then don't go out and purchase a course you're going to have
to learn this from your own experiences yes it will take you longer to
than if you just bought a step-by-step course and started following the steps
in that course it's going to take you longer to go out purchase inventory and
actually learn from your experience but I advise you to do it this way because
you have a limited budget so you need to make your budget goal as far as it can
possibly can and that is why you shouldn't go and spend any money on a
course if you have less than a thousand dollars to start with you should really
learn as hands-on and get to know it step by step yourself by actually doing
the implementation as this will save you some money although it will take longer
than if you want while a purchase of course the next thing that I would do is
I would sign up for a free Amazon account you can do this by going over to
Amazon and just signing up as an individual so you're not signing off as
a business you're just signing off as an individual and you're just signing up
for the basic account I think you can sell up to 40 different items in a month
while on this account then you have to upgrade to a pro account when you sell
more than 40 items a month but go over and register for the free account this
way you can start by getting the Amazon seller up and you can start scanning
different products seeing if they're going to be profitable if you sell them
on Amazon then I will go out to stores and start scanning items so again when
you go into the store you can go down and look for the sale section this is
where you will often find some of the best products to start with because
these products are on sale and a lot of the toy stores do have like three for
two toys and different deals like that from time to time these are great deals
to go in on because you can flip these items that you buy on sale on Amazon for
a massive profit a lot at the time and using the Amazon seller app it will tell
you how much these products are selling for on Amazon and how many sellers you
will be competing against for the buy but if you purchase these items there
are loads of different stores that you can go out to you know if you're based
in the UK you can go to Tesco to TK Maxx to Asda and most other stores that sell
homeware items on where items are often the best items to start with because
they sell in large quantities on Amazon and they're easy
pick up at low prices in these stores whereas if you're based in the US then
you'll probably be going to stores like Walmart TK Maxx and Target as well as
loads of other stores that you have over there to go to and do this this is known
as retail arbitrage and this is a great way to get familiar with Amazon FBA with
a limited budget because you can simply go out a day one and purchase a hundred
two hundred dollars worth of inventory send it in to Amazon you learn how the
whole process works you learn how Amazon want your items when you send them in
and you will learn exactly about the volume and how you can George volume of
sales you'll be learning this hands-on and you will be making money while
learning it so it is a great way to do it if you are on a budget because you
can simply make money while learning as well as this you should sign up with a
lot of deal websites online and there are a lot of other stores online that
you can go to and simply purchase these products from these online stores and
deal sites and get them sent to your house then when the products arrive at
your house simply pack them up in a box and send them off to Amazon FBA it's
that simple but because it is that simple
there is a lot of competition on these products that are selling well because a
lot of people are finding these deals because it is very simple to do from
home people have virtual assistants signed up to do this for them so they're
constantly searching for these deals so you won't find as many deals when you
first start by simply doing online arbitrage compared to when you're doing
retail arbitrage you'll find a lot more deals when you first get started
heck you can even make money flipping products from Amazon to Amazon buying
them for cheap on Amazon and flipping them for a profit back onto Amazon using
Amazon FBA and I have a video that shows you an example of exactly when I have
done this in the past so I linked up that video down in the description so
that you can check it out after this video and see for yourself exactly
how easy you can make money with Amazon FBA so you're probably wondering why I'm
telling you all this why am I telling you to start by doing retail or on
arbitrage when you know the business model that I follow is private label and
that involves me dealing with manufacturers in China getting my unique
private label products made in China and sent to Amazon and selling them on
Amazon for Amazon FBA but I'm telling you about retail and online arbitrage
because if you are starting with a budget it's the best way to make your
budget go far and also learn Amazon FBA so you won't need to take any course in
regards to Amazon FBA you have it all learned from doing this yes you might
need to go on and take a course in regards to try the labor or you might
simply come across an opportunity while doing retail and online arbitrage for
your own unique private label product this is what I don't this is how I got
started and that's why I'm telling you that you should start this way if you
don't have the money because you can build up the money doing it this way and
eventually start your own brand of products taking everything that you've
learned along the way and using it as experience this will benefit you greatly
when you do decide to start your own brand of products or maybe you've been
doing this for a while and now you want to get started to put private label you
have over a thousand dollars and you're ready to jump in and start learning what
it takes to create your own successful branded products on Amazon and if that's
the case then you can check out the unique private label course I will leave
the link down in the description so you can jump down and check that out this is
a course that I've put together to show you everything that I have learned from
all of my experience with Amazon FBA and create my own unique private label
products so you can jump down and check that out now and over the next couple of
days I'm going to be having a chat with someone who does retail an online
arbitrage full-time I'm going to be having a chat on my youtube channel so
if you're interested in learning about more about this then please click
Subscribe because I will be having a video chat with them over the next
couple of days and you will get a notification when we're life having the
chat you can join in and ask any questions that you have around that so
click subscribe now to see that notification and any future
notifications for my videos on YouTube I hope that you have found this video
helpful and I look forward to speaking to you again soon bye