- In this video,
I'm gonna share 5 mistakes you should avoid
when starting off Amazon FBA.
Having built a 6-figure Amazon FBA business
I've made many silly mistakes and lost a lot of money.
So this video is going to be the most valuable video
you will ever see about Amazon FBA beginning.
I don't know why I said that,
Amazon FBA beginners.
So let's get started.
The first mistake to avoid is not spending enough time
on product research or product sourcing.
Now, these two things are the most important
and the longest part when starting an Amazon FBA business.
These will define whether you will succeed
in Amazon FBA or not.
Now you must be telling me Jatz,
I spend so long researching, but I can't find any products.
Well, let's be honest,
how much time do you actually researching?
If you're gonna tell me 1 hour,
that's probably around 20 minutes.
Because when you sit down to do some product research
you probably get on your phone for 20 minutes
and then leave your phone and get back to product research,
and then you tell me,
oh, I've spend 1 hour but I can't find anything.
This is what you need to do.
Find the quietest spot in your entire house, go there,
and leave your phone in a different room.
Get on your computer, put some music on and just be focused.
1 hour of focus can feel like 10 hours worth of work,
If you just make sure you don't get distracted.
Now, here's one way I recommend
using your time properly when researching and sourcing.
So what I prefer to do,
is rather than doing research and sourcing on the same day
I prefer going through Jungle Scout,
finding the products which meet my criteria on one day.
So I make an entire Excel sheet with good products.
And then on the next day, I decide to source them.
This way I'm not getting distracted
while going research and then trying to source.
Because remember,
researching can be a bit faster
but sourcing is a lot more longer.
So you don't wanna spend 1 hour sourcing 1 product.
So rather spend 1 day researching, and the next day,
1 hour sourcing the products.
The second mistake to avoid is not picking up the phone.
Now when starting off Amazon FBA, I know I've been there,
we are scared to pick up the phone and talk to suppliers.
Now, most people decide to email.
The problem with emails is that number one,
you won't get the fastest response.
And secondly, you are following the crowd.
You won't be able to differentiate yourself.
What I mean by that,
is that a supplier gets thousands of emails a day,
but not that many calls.
So if you be different and call them
and speak to them on the phone,
not only can you get a faster response
but you can also start building a relationship with them.
In Amazon FBA, relationships can take you a long way.
For example,
if you have a good relationship with your supplier,
you're able to get certain products
which they will not share with other sellers.
I used to be scared on the phone as well
but now I've been able to build good relationships
with many of my suppliers
and they don't share certain products with all sellers,
and only me.
Now, if you're a person who struggles,
or feels scared talking over the phone,
then one way you can practice it
is by picking up the phone and actually calling the supplier
but not telling your actual name.
So you just call them and you just ask them questions
as if you're a different person
this way you'll get some experience
on what the questions are, how they talk,
and you'll get a lot more comfortable.
And remember, you just need to do 5 calls,
or even 6 to 7 calls,
before you start feeling a lot more comfortable
when speaking to suppliers.
And remember, on the other side of the phone,
there is no monster, it's just another human being
who's talking to you.
I have had many people in the 50 Day Mentoring,
who has seen a huge difference
when comes to picking up the phone because remember,
picking up the phone
is the biggest tip I can give you right now.
The third mistake is products to stay away from.
So these are the products you do not wanna sell
when starting off Amazon FBA.
The reason being is because you will lose money
as complaints, refunds, and all of those things will happen.
So let me just break it down even further.
The first type of product, is glass or fragile products.
These products are really easy to be broken,
and your delivery man
who's gonna come and pick the products up,
they throw them in the van, and I've seen it with my eyes.
They don't care about what's in the box.
Even if you put the fragile tape, they will throw it.
And what's funny,
is that when you tell someone not to do something
they will do it even more.
And I'm sure you have done it as well.
If you've seen some type of sign, or do not step,
you're most likely gonna do it.
And this is the same with delivery drivers.
When you put the fragile tape, they know it's fragile,
but they will throw it even more harder.
Now, when the boxes are being thrown around,
and the products reach to your customers
those product will be broken
which will result in a lot of complaints and refunds.
This will not only affect your Amazon FBA rating
but you will also lose money
because Amazon will just refund all your customers
who buy the product.
The second type of products you need to stay away from
is big or heavy products.
The main reason being
is because when the size of the product
gets bigger or heavier,
the FBA fees you pay Amazon will be a lot higher because,
again, they'll be storing it in the distribution centers,
where the more space you will take,
the more money you will have to pay Amazon.
And when starting off, you can't afford to pay higher fees
because you will have a very small amount of money to spend.
Also, you won't have a big place to store the products
or even prepare the products in the first place.
So just don't buy any big or heavy products.
The third and final type of product
you need to stay away from are seasonal products.
By seasonal products, I mean a Christmas tree,
or a swimming pool liquid, or something like that.
These are the products which won't sell throughout the year.
They may look good and you might be like,
holy crap, this has so many reviews or it looks good.
Once you have sent it off to Amazon,
it will be sitting there,
Amazon will charge you the fees for storing it,
and you won't make any sales.
And the problem with seasonal products is that
you will make a lot of money when the product is in demand,
but as the demand dies you will make nothing,
and you will keep on losing money.
The fourth mistake to avoid
is trying to do all your bookkeeping by yourself.
Now this is something I recently realized
how big of a mistake it was.
When I started Amazon FBA,
I decided not to stop bookkeeping,
and six months down, later in my journey,
I realized I need to make sure my taxes
and everything got done properly.
So I had to go and grab all my invoices, since the start,
till six months later, gather it up,
go through every single transaction
and had to, kind of, do everything.
Now, this is when I realized that doing all of this,
will be a lot of time and effort
which is why I started looking for a platform
which can do all of this for me.
And luckily I got to know this platform called Osome,
which are a dedicated e-commerce accounting company
who knows everything about selling on Amazon FBA
which makes my life a lot more easier.
Osome does all my bookkeeping and accounting for me.
They have provided me a dedicated accountant
who looks after all my taxes and all my reports.
And they also provide me tips
on how I can reduce my total cost.
Now,
the reason why I prefer Osome over a traditional accountant
is because, once again,
Osome has accounts who have experience
in how Amazon FBA works.
So I don't need to tell them on certain type of transactions
or certain type of fees, they know all of that.
Whereas a traditional accountant
probably has no idea what Amazon FBA is,
and I will have to, literally,
explain him how Amazon FBA works.
Now, this is the exact reason why I use Osome.
Now, if you wanna use Osome,
then you can use the link in the description right now
and get 110 pounds off, when signing up.
And trust me, it's worth it if you use it right.
Now, the last and final mistake to avoid in the start,
is not having a mentor.
Now, I know, I know, I know.
You must be like, oh Jatz,
oh, don't tell me I need to pay someone to learn Amazon FBA.
Listen, you can learn everything from the internet,
or on the internet.
But the problem is, the internet has become so massive,
that there is so much information at the moment
that it is difficult to find out
what is right and what is wrong.
When starting off Amazon FBA,
I decided to learn from the internet,
and I still managed to lose over a thousand pounds.
The reason being is because there's just so much information
and picking the right one gets difficult.
Now, having a mentor is basically a shortcut to success
because you'll be able to learn from their mistakes
and you are learning from someone who's already done it.
Plus they'll be there to hold you accountable
and teach you everything from start to finish.
And this is literally a best way to learn
because 1, you're saving a lot of money,
and 2, you're saving a lot of time.
But at the end of the day, it's your choice.
Whether you wanna pay someone or learn everything for free.
Personally, from my mistakes which I made in the past
if I was to start Amazon FBA all over again,
I would go for a mentor
rather than trying to learn everything myself.
Because the amount I lost, when starting my Amazon FBA,
I could have simply paid a mentor
and learned all of the things they were teaching.
Now,
if you are planned to start Amazon FBA
then you can go check out all the free YouTube videos
on my YouTube.
But I also have a 50-Day Amazon FBA Mentoring,
which is an 8 weeks program.
And you go from knowing nothing about Amazon FBA,
to learning everything you need to know about Amazon FBA.
I'll be there for 8 weeks providing support with my team,
and holding you accountable
so that you build your successful Amazon FBA business.
You'll need a minimum of 1500 pounds in total,
including the cost of the mentoring,
as well as all the products and everything you'll be buying
to run your Amazon FBA business.
So if you're serious and you wanna join the mentoring
then you can fill in the Google form
which is linked in the description.
And when the next mentoring is available, I will notify you.
However, in the meantime,
you can go watch this video which is a guide
on how you can start Amazon FBA today.
Have an amazing day, take care,
and I will see you in that video.
Peace.
(mouth clicking) Nice.
- Nice.