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5 Tips To Make Your FIRST $1,000 Selling On Amazon FBA For Beginners

Published on: November 30 2022 by Carter Maxwell

5 Tips To Make Your FIRST $1,000 Selling On Amazon FBA For Beginners

5 Tips To Make Your FIRST $1,000 Selling On Amazon FBA For Beginners

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00:00:00 00:00:03 what's up guys in this video I'll be
00:00:01 00:00:06 going over the five tips for you to make
00:00:03 00:00:08 your first 1,000 dollars selling on
00:00:06 00:00:09 Amazon that'd be a as a beginner so if
00:00:08 00:00:11 you don't know me already my name is
00:00:09 00:00:14 Carter Maxwell I'm a 17 year old
00:00:11 00:00:16 entrepreneur and I go by the nickname of
00:00:14 00:00:17 high school hustler and if you're trying
00:00:16 00:00:19 to create an online business and make
00:00:17 00:00:21 money while you sleep then this the
00:00:19 00:00:22 chant I refuse to go ahead and hit that
00:00:21 00:00:24 subscribe button this be a great video
00:00:22 00:00:26 kind of for those people that are
00:00:24 00:00:28 looking to actually start an amazon FBA
00:00:26 00:00:29 business and start making money and when
00:00:28 00:00:31 it comes to just creating a business in
00:00:29 00:00:33 general um people are really hesitant
00:00:31 00:00:35 maybe just because they're either lazy
00:00:33 00:00:37 or they just don't want to invest like
00:00:35 00:00:39 the time and money in building up the
00:00:37 00:00:40 business and that's what I'm putting out
00:00:39 00:00:43 this video where I can kind of go over
00:00:40 00:00:45 five tips that are gonna help you kind
00:00:43 00:00:47 of jumpstart your Amazon FBA business
00:00:45 00:00:48 and start making money a lot quicker so
00:00:47 00:00:50 let's get into what exactly these five
00:00:48 00:00:52 tips are tip number one is to take
00:00:50 00:00:54 action and it's just like anything that
00:00:52 00:00:56 you want out of life you have to go and
00:00:54 00:00:57 get alright and so just make a start
00:00:56 00:00:59 making money online start your own
00:00:57 00:01:00 business you're gonna take action you're
00:00:59 00:01:03 gonna have to start investing your time
00:01:00 00:01:04 and your money in building the business
00:01:03 00:01:07 so if you wanted to start Amazon FBA
00:01:04 00:01:09 business right onto this video create
00:01:07 00:01:10 names on account and all the necessary
00:01:09 00:01:13 information and start learning the
00:01:10 00:01:15 process and whatever it takes to build a
00:01:13 00:01:17 successful Amazon FBA business and I
00:01:15 00:01:18 know coming into the business you might
00:01:17 00:01:21 have a different mindset maybe you're
00:01:18 00:01:23 just looking for some extra income maybe
00:01:21 00:01:25 looking for some more passive income or
00:01:23 00:01:28 maybe looking for a new job to possibly
00:01:25 00:01:30 make a new full-time living and Amazon
00:01:28 00:01:33 FBA can fulfill any of those needs or
00:01:30 00:01:34 wants or desires that you have but the
00:01:33 00:01:36 only way you're gonna reach that end
00:01:34 00:01:38 goal is you have to take action you're
00:01:36 00:01:40 gonna have to invest you time and money
00:01:38 00:01:43 in the business and keep growing so that
00:01:40 00:01:45 is tip one so the second tip is to
00:01:43 00:01:47 understand the process and what I mean
00:01:45 00:01:50 by that is understand how exactly the
00:01:47 00:01:53 Amazon FBA cycle works from purchasing
00:01:50 00:01:55 the product to the listing process to
00:01:53 00:01:58 the shipping process to then the process
00:01:55 00:01:59 of actually selling it on Amazon and
00:01:58 00:02:02 remember once you sell your product on
00:01:59 00:02:03 Amazon Amazon will then do all the
00:02:02 00:02:06 fulfillment for you so it's extremely
00:02:03 00:02:08 convenient efficient when wanting to
00:02:06 00:02:10 scale your business now just a brief
00:02:08 00:02:12 breakdown you're wanting to purchase a
00:02:10 00:02:13 product obviously at a lower price with
00:02:12 00:02:15 the
00:02:13 00:02:17 tenshun to sell it back on Amazon FBA
00:02:15 00:02:18 for a higher price
00:02:17 00:02:20 for example let's just say you go to a
00:02:18 00:02:22 garage sale or you're looking online or
00:02:20 00:02:23 at a thrift store and you find an item
00:02:22 00:02:25 that you can obviously purchase for a
00:02:23 00:02:27 lower price for instance let's just say
00:02:25 00:02:29 a book you made this book for a dollar
00:02:27 00:02:32 and it's selling for twenty dollars on
00:02:29 00:02:33 Amazon with a really low sales rank and
00:02:32 00:02:35 for those of you that aren't familiar
00:02:33 00:02:36 with what it's sales rank is it's
00:02:35 00:02:39 basically Amazon's way of letting you
00:02:36 00:02:41 know how often and how well that product
00:02:39 00:02:43 is selling so the lower the sales rank
00:02:41 00:02:47 the more often that product is selling
00:02:43 00:02:48 so if it's a thousand ranking books it's
00:02:47 00:02:51 probably gonna sell that same day or the
00:02:48 00:02:52 same week that it checks in although if
00:02:51 00:02:54 it's a two or three million rank in
00:02:52 00:02:56 books it might take a couple months to
00:02:54 00:02:59 sell but I mean if you're buying it for
00:02:56 00:03:00 a dollar and you can solder $50 you can
00:02:59 00:03:02 possibly sit on that book for a couple
00:03:00 00:03:05 months and then once you sell it's just
00:03:02 00:03:07 gonna be a nice big paycheck for you so
00:03:05 00:03:09 the process is to then collect a good
00:03:07 00:03:11 amount of items I'd say at least 30 or
00:03:09 00:03:13 40 for your first shipment and it
00:03:11 00:03:14 doesn't have to be just books um once
00:03:13 00:03:17 again it all depends on like the
00:03:14 00:03:18 business model that you choose and once
00:03:17 00:03:19 you've actually purchased the products
00:03:18 00:03:22 they're not the get into the listing
00:03:19 00:03:24 process you got to add that product to
00:03:22 00:03:27 your shipment you don't gonna have to
00:03:24 00:03:28 print labels for that product and then
00:03:27 00:03:30 label the product and then put it in a
00:03:28 00:03:32 big box and ship it to an Amazon
00:03:30 00:03:34 warehouse or wherever they want you to
00:03:32 00:03:36 ship it and once they receive the
00:03:34 00:03:38 product at the warehouse they'll then
00:03:36 00:03:41 put them on Amazon to where you can then
00:03:38 00:03:43 sell them and once they sell Amazon will
00:03:41 00:03:45 then fulfill all the items for you from
00:03:43 00:03:46 the pick that packed the ship straight
00:03:45 00:03:49 to the customer and you just receive a
00:03:46 00:03:51 bi-weekly check so the process is
00:03:49 00:03:53 extremely efficient and convenient but
00:03:51 00:03:55 number three is actually to choose a
00:03:53 00:03:57 business model and once you kind of
00:03:55 00:04:00 understand the process of how exactly
00:03:57 00:04:02 Amazon FBA works you then have to choose
00:04:00 00:04:05 a business model and a lot of people
00:04:02 00:04:07 think that it's a live or die basically
00:04:05 00:04:09 decision when picking your business
00:04:07 00:04:10 model but honestly it's not although
00:04:09 00:04:13 it's gonna set you back a lot if you
00:04:10 00:04:14 pick up business model and you do it for
00:04:13 00:04:16 six months and let's say you just don't
00:04:14 00:04:18 like it you want to switch obviously you
00:04:16 00:04:20 just lost six months of time they could
00:04:18 00:04:22 be putting into that one business model
00:04:20 00:04:25 you're trying to pursue but it's not a
00:04:22 00:04:26 huge deal anyways there's a fun
00:04:25 00:04:29 a different business models that you can
00:04:26 00:04:32 choose from from private label to
00:04:29 00:04:35 wholesale to drop shipping reach
00:04:32 00:04:37 arbitrage online arbitrage or just
00:04:35 00:04:40 reselling random items in general and
00:04:37 00:04:41 the reason that last one I kind of put
00:04:40 00:04:44 as a business model is because it's the
00:04:41 00:04:46 easiest way to start with private label
00:04:44 00:04:49 orth wholesale you have to order a large
00:04:46 00:04:50 quantity of the same similar item and
00:04:49 00:04:53 usually it's a lot of money especially
00:04:50 00:04:55 if you're like starting or you're new to
00:04:53 00:04:56 the Amazon FBA business model you know
00:04:55 00:04:58 how that's as much experience when it
00:04:56 00:05:00 comes to selling online or maybe just
00:04:58 00:05:04 don't have enough capital reselling
00:05:00 00:05:06 random items like books CDs video games
00:05:04 00:05:08 electronics it's a lot easier for you to
00:05:06 00:05:11 start and scale especially with a low
00:05:08 00:05:13 budget in it so that's one of the best
00:05:11 00:05:16 ways to start to have a low budget is
00:05:13 00:05:18 just to just fine random item so books
00:05:16 00:05:19 electronics and you can purse them at a
00:05:18 00:05:21 really little prices I usually spend
00:05:19 00:05:24 anywhere from $1 to $5 on those items
00:05:21 00:05:26 and this so anywhere from 50 to 150
00:05:24 00:05:28 dollars so I recommend if you're kind of
00:05:26 00:05:30 new to the process start with just
00:05:28 00:05:33 reselling stuff around your house garage
00:05:30 00:05:35 sales thrift stores and once you kind of
00:05:33 00:05:37 go through that after a couple weeks you
00:05:35 00:05:39 can understand the process and hopefully
00:05:37 00:05:40 build up some extra income as well and
00:05:39 00:05:42 maybe pursue in a more scalable and
00:05:40 00:05:44 efficient business model like private
00:05:42 00:05:46 label which is what I do wholesale or
00:05:44 00:05:49 any of the other business models so tip
00:05:46 00:05:51 number four it's actually make goals or
00:05:49 00:05:53 make plans for your Amazon business and
00:05:51 00:05:55 this just comes in general and life
00:05:53 00:05:57 anything that you want success with you
00:05:55 00:05:58 can have to plan it out you're gonna
00:05:57 00:06:00 define it what exactly you need to do
00:05:58 00:06:03 what exactly they need to complete to
00:06:00 00:06:05 reach that goal and maybe it can be you
00:06:03 00:06:08 want to make your first 1,000 dollars on
00:06:05 00:06:10 Amazon FBA in your first month how many
00:06:08 00:06:11 products you're gonna have to have what
00:06:10 00:06:13 you can have to be your average sales
00:06:11 00:06:15 price I got are you gonna want to send a
00:06:13 00:06:17 shipment out every week every two weeks
00:06:15 00:06:18 are you're only gonna source on Monday
00:06:17 00:06:20 Wednesday Friday are you gonna source
00:06:18 00:06:22 every single day you need to make a plan
00:06:20 00:06:24 make a game plan so you can reach
00:06:22 00:06:27 whatever that goal or desire that you
00:06:24 00:06:29 want in maybe that means on Friday and
00:06:27 00:06:31 Saturday mornings waking up at 7:00 a.m.
00:06:29 00:06:33 going garage saleing or maybe that means
00:06:31 00:06:34 just pulling some late-night errs up to
00:06:33 00:06:36 1:00 a.m. 2:00 a.m.
00:06:34 00:06:38 toking with manufacturers overseas
00:06:36 00:06:39 trying to communicate
00:06:38 00:06:41 trying to find the best deal for that
00:06:39 00:06:43 product that you're gonna sell an Amazon
00:06:41 00:06:45 either way you need to decide and figure
00:06:43 00:06:46 out what exactly want from me Amazon
00:06:45 00:06:49 business and what exactly you're gonna
00:06:46 00:06:52 have to give up to succeed and reach
00:06:49 00:06:54 that in term goal so tip number five is
00:06:52 00:06:56 to diversify your sourcing methods now
00:06:54 00:06:59 this kind of fluctuates depending on
00:06:56 00:07:01 what business model that you decided to
00:06:59 00:07:03 pursue but for instance let's just say
00:07:01 00:07:05 you're just reselling random items in
00:07:03 00:07:07 general and you only go to this one
00:07:05 00:07:09 thrift store a source and you go there
00:07:07 00:07:10 every single day well what if something
00:07:09 00:07:13 happens what if you don't find anything
00:07:10 00:07:15 one day what if another resale comes
00:07:13 00:07:17 before you and gets all the good product
00:07:15 00:07:20 need to diversify your sourcing methods
00:07:17 00:07:22 so maybe one weekend try garage saling
00:07:20 00:07:25 maybe the next weekend and go to a book
00:07:22 00:07:26 so maybe later that we try some online
00:07:25 00:07:29 sourcing from eBay Halliday Baba
00:07:26 00:07:32 Aliexpress just diversify so that you
00:07:29 00:07:35 don't go all in on one location or one
00:07:32 00:07:36 sourcing method and it just flattens and
00:07:35 00:07:38 you can no longer purchase profitable
00:07:36 00:07:40 products from it in Utah diversify and
00:07:38 00:07:42 have multiple places that you can
00:07:40 00:07:44 purchase products from so those are my
00:07:42 00:07:48 five tips when it comes to making your
00:07:44 00:07:50 first $1,000 on Amazon FBA quick as a
00:07:48 00:07:52 beginner so if you enjoy this video
00:07:50 00:07:54 please feel free to comment loath any
00:07:52 00:07:56 questions and our video ideas you'd like
00:07:54 00:07:58 to see in the future also don't forget
00:07:56 00:08:00 to Like and subscribe as I'm always give
00:07:58 00:08:02 them way different tips and tricks on
00:08:00 00:08:06 how to make money online and on that
00:08:02 00:08:06 note I will see you guys next video