hi and welcome back to another amazon selling video my name is nikki kirk and
i'm out in moab utah we just got done doing arches national park
this week and it was amazing here's a little clips from it
if you're new to my channel the reason i'm out here is because i travel full-time in an rv
while selling on amazon and i have been for the last four years i absolutely love it and
because i love it so much about two years ago i started telling other people about it and how
they could get started doing it and from all that that is literally how my whole channel really got
started i was sharing travel vlogs and sometimes rv kitchen videos and then started sharing amazon
because it's so awesome like i really just want to share it and help anyone get started who wants to
so i recently did a video sharing some of the new seller successes
just this year in 2021 i'll link the video here if you want to watch it but literally like as soon as
the video hit all of a sudden these comments about how amazon doesn't work how i'm scamming people
i want you to buy my courses and all that kind of stuff and it was kind of ridiculous because
i get those comments every once in a while but i've never had like that's all the comments were
and on a video that sharing success no less it was a very strange today i thought i would just
do a video on why new sellers don't make it or why they quit hopefully this video will help set
some expectations so that you don't get burnt out or if you're struggling in your first month
or thinking about starting you know what to expect and just have a better success in the end if you
know what you're getting into the first thing to remember is that you are starting a business
and in what world can you start a business and be rolling in it by the second month you are
not a unicorn unicorns are very rare and let me just tell you right now you will not be a unicorn
second retail arbitrage and amazon selling is not a get rich quick scheme you might not even get
rich ever if you are trying to do this to become a millionaire this is not for you especially if
you lack the drive to keep going when it gets frustrating it is not a get rich quick scheme i
am not a million dollar seller i don't actually know any million dollar sellers if you do know
a million dollar seller that does not mean that they are pocketing profiting a million dollars
sales numbers are not profit and that is so important to understand i think people
don't totally understand profit when i do my videos because they're always asking me
wait if you're spending 1200 and you're only making 900 then you're losing money or
something like that that's not how the profit works so profit is after i've sold everything
made the cost of goods back paid amazon their fees paid the shipping any other expenses and the money
left over that's my profit so in general on a low side amazon sellers tend to make doing retail
arbitrage twenty to thirty percent profit so if you're seeing if i'm saying i made ten thousand
dollars of sales for may that means i probably profited two thousand to three thousand dollars
that's like a paycheck right that's your money you made doing this even though my sales were ten
thousand i only profited took home three thousand amazon makes it really easy to get started
you literally just have to open an account and you can start selling i mean pretty much anyone
can do it there's probably people who can't do it for different legal or you know if you're not
a resident of the country i'm not sure all the reasons but in general if you are a us seller
over the age of 18 it's pretty easy to get started and you don't even need a lot of money to start a
business i mean you can start a whole business on amazon for as little as 500 to a thousand dollars
to cover your beginning product costs supplies all that kind of stuff you really need a little money
and if you've ever started a business you know you generally need some money to start it right
so that makes it really easy selling on amazon you don't need a whole lot of money not only
that amazon already has a built-in customer base everyone shops on amazon and if you're doing fba
they handle all the shipping the inventory warehousing they handle all the customer service
and they do all the marketing you literally don't have to do anything to get customers to buy your
product except for listed on amazon and that is huge if you are starting a business to not
have to cover any of that cost possibly because it's so easy to get started selling on amazon
people think that it just is easy and i probably have even said it's easy and i mean it's easy in
the sense that you don't have to cover all that stuff i just mentioned you don't have to go out
there and market your business and get the seo right to get everyone to go to your website they
already do all that but you do have to put in the work and it is absolutely work a reminder
that you are running a business and it's hard it sucks amazon can be frustrating customers can
be frustrating but if you're gonna get throw in the towel when things get hard you are not gonna
make it on amazon because believe me it will get hard it can be especially frustrating if people
in your life in your family don't understand amazon selling and honestly if you're starting
you probably don't fully understand it either and so they think what you're doing is kind of weird
or they don't get it they just think it's a weird hobby you have and they're kind of waiting for you
to give up on it right that on top of everything else you're learning is a lot to carry i really
equate it to learning a new language you are learning from scratch on this i mean most people
probably you've seen some videos and you've done a little research but honestly do you even know what
you're getting into probably not i know i didn't and so you're really learning a new language
if you think you are going to master this in one to three months you are fooling yourself
so dive in learn as much as you can be prepared to know that you don't know what you're doing
and just make mistakes and learn along the way i really want you to get in the mindset that you
are starting a new business and new businesses do not turn a profit generally in two to three years
now luckily we don't have to wait that long on amazon because of how much amazon does help you
but you should really plan on pouring money into your business as much as you
can safely you don't want to like waste a lot of money but as much as you can and not
expect to make any profit or take any money out for six months if you can get into it with that
mindset you are already on the road to success it takes time to learn it takes time to make mistakes
you'll learn from your mistakes hopefully not make them again but you know sometimes we do
usually on the second time we learn right and you also might take a while before you're able to pull
out a profit now depending on the time of year you start it could be three to five months before
you're able to make a profit i started in august and i was pulling out a profit in late december
so that's like a little over four months i think but if you're starting right now it's june and it
is the summer slowdown so it's gonna take a little bit more to get going but just hold on because
q4 is coming and it is so worth it a lot of new sellers quit because they're not seeing that money
back right away when you sell your first product it'll be four to six weeks before you ever see
a payout from amazon and it might just be literally feeling like pennies it might be
forty dollars fifty dollars it's not going to be a lot and then you'll start to get more substantial
payouts as you keep going sending an inventory selling products it will go but just know everyone
goes through this it takes four to six weeks before you'll ever see a payout from amazon
another expectation you need to go into it with because if you're going three weeks and you're
like i've sold all this product i've sold 500 worth of stuff but i don't see any profit that's
normal now if you've been selling for three months there are companies like payability which offer
next day payouts on your amazon sales so whatever you sold you can get paid for it the next day
but there are some like things milestones you have to hit and one of them is you have to be
selling for three months so i've linked below if you're interested in that they have like a 250
sign up bonus like cash in your pocket if you want to sign up but there's things out there that can
help you if you just literally can't wait and you want that money back faster but you don't
actually need to do that if you can wait and just wait on amazon's payouts you know they pay out
every two weeks i have full video that i'll link here that goes into all the details of amazon and
the reserves and why you're not getting your money but really when you are new seller and you're not
seeing your money come back customers are annoying you're making mistakes doing bad buys you're not
understanding how keepa works it is so easy to give up right and that's what a lot of sellers
do they just give up when it gets hard i'm not talking about the sellers who things happen and
life circumstances family emergencies you know things come up and you can't you probably wouldn't
even be able to hold a job in some of those things right so i'm not talking about those sellers i'm
just the ones who kind of just give up when it gets hard because honestly making it on amazon
literally is as easy as not giving up it's continuing to do it continuing to grow and
learn and understanding this foreign language that you are growing a business probably never having
done a business before i know i hadn't so it's all a part of it and just know that you are not alone
keep going and keep pushing it's not an overnight success you can make money on it but it does
take work and it takes time like all things in life time and hard work will pay off
in the end and they are so worth it honestly in this day you do not have to go alone there are
so many awesome groups out there and if you're in a group and it's not uh like uplifting and
encouraging find another group because there's so many great groups out there you don't need to be
in another one there's enough negativity going around you want to be in one that's encouraging
and helpful to you as a seller the whole reason i started the bolo group to begin with was because
i wanted to help new sellers come together in a positive way and just know that they are not alone
that's really how all my groups started as a way for community to talk to each other
so remember you are starting a business it's going to be hard it's not going to be overnight it's
going to take some time effort lots of mistakes lots of bad buys feeling like you're wasting
money but it is worth it in the end you don't need my help to get started selling on amazon but if
you want it as always i am there to help you if you're starting from scratch i have my beginner
fba amazon selling course which covers how to sell on amazon doing retail arbitrage online arbitrage
fbm and fba i also have the ungating guides if you need help on gating in any category
and if you just need help knowing what to source there's the bolo group like i said you don't need
my help you don't have to buy any of this stuff it's just there to help you if you want it that's
why i created them to help new sellers but again you don't need it you can do it through watching
videos i'll still be here to make content to help you on your journey and celebrate with you when
you leave comments or just tell me how you're doing amazon selling has totally changed my life
as well as many other members in the community and it is worth it thank you guys so much for
watching i hope you have a great week and i will see you back here for another amazon selling video