Amazon FBA (EXPLAINED) For Beginners - Is It Worth Starting 2022?
Published on: December 2 2022 by Tatiana James
Amazon FBA (EXPLAINED) For Beginners - Is It Worth Starting 2022?
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Amazon FBA (EXPLAINED) For Beginners - Is It Worth Starting 2022?
| startTime | durationTime | text |
| 00:00:00 | 00:00:04 | hey everyone i'm tatiana and today i'm |
| 00:00:02 | 00:00:07 | going to be clearly explaining what |
| 00:00:04 | 00:00:09 | amazon fba is and why it seems like so |
| 00:00:07 | 00:00:12 | many people are becoming overnight |
| 00:00:09 | 00:00:14 | millionaires by selling products on |
| 00:00:12 | 00:00:16 | amazon today's video will be beginner |
| 00:00:14 | 00:00:19 | friendly if you're not a beginner this |
| 00:00:16 | 00:00:20 | could still be a great refresher i'm |
| 00:00:19 | 00:00:23 | going to be sharing with you the overall |
| 00:00:20 | 00:00:26 | process of selling on amazon the pros |
| 00:00:23 | 00:00:28 | and cons of private labeling |
| 00:00:26 | 00:00:30 | how much money you are actually likely |
| 00:00:28 | 00:00:31 | and realistikally to make with an amazon |
| 00:00:30 | 00:00:32 | business |
| 00:00:31 | 00:00:34 | and i'm going to try and help provide |
| 00:00:32 | 00:00:37 | you with some clarity on whether or not |
| 00:00:34 | 00:00:38 | this business might be the right fit for |
| 00:00:37 | 00:00:40 | you |
| 00:00:38 | 00:00:41 | so before we get started just some |
| 00:00:40 | 00:00:44 | background on myself |
| 00:00:41 | 00:00:47 | i started selling on amazon back in 2014 |
| 00:00:44 | 00:00:49 | i sold multiple products eventually |
| 00:00:47 | 00:00:52 | starting a brand and i sold that on |
| 00:00:49 | 00:00:54 | amazon and then i also started selling |
| 00:00:52 | 00:00:56 | on my own website within four years of |
| 00:00:54 | 00:00:59 | starting an online business i was able |
| 00:00:56 | 00:01:01 | to become a millionaire thanks to the |
| 00:00:59 | 00:01:04 | brand that i built and just last year i |
| 00:01:01 | 00:01:05 | was able to sell that brand for seven |
| 00:01:04 | 00:01:06 | figures |
| 00:01:05 | 00:01:08 | so i've been i've had a lot of |
| 00:01:06 | 00:01:11 | experience selling on amazon but also |
| 00:01:08 | 00:01:14 | just working with other people who have |
| 00:01:11 | 00:01:16 | been amazon sellers |
| 00:01:14 | 00:01:17 | right now i do not offer any kind of |
| 00:01:16 | 00:01:19 | coaching |
| 00:01:17 | 00:01:22 | you cannot pay me for my time |
| 00:01:19 | 00:01:25 | and i also don't have a course |
| 00:01:22 | 00:01:27 | of mine that i'm going to be selling you |
| 00:01:25 | 00:01:29 | so relax i'm just going to be sharing |
| 00:01:27 | 00:01:33 | with you some information |
| 00:01:29 | 00:01:35 | all right so amazon was founded in 1994 |
| 00:01:33 | 00:01:37 | by jeff bezos and it started off as an |
| 00:01:35 | 00:01:41 | online bookstore |
| 00:01:37 | 00:01:44 | it's now a multi-national conglomerate |
| 00:01:41 | 00:01:46 | which focuses on e-commerce cloud |
| 00:01:44 | 00:01:49 | computing digital streaming and |
| 00:01:46 | 00:01:51 | artificial intelligence |
| 00:01:49 | 00:01:53 | it's one of the five largest companies |
| 00:01:51 | 00:01:56 | in the entire world |
| 00:01:53 | 00:01:58 | and it's been known as one of the most |
| 00:01:56 | 00:02:00 | influential |
| 00:01:58 | 00:02:04 | economic and cultural forces in the |
| 00:02:00 | 00:02:06 | world as well as the world's most |
| 00:02:04 | 00:02:09 | powerful brand |
| 00:02:06 | 00:02:12 | so amazon has grown exponentially year |
| 00:02:09 | 00:02:14 | after year um they're no longer just a |
| 00:02:12 | 00:02:17 | bookstore they're no longer just |
| 00:02:14 | 00:02:19 | e-commerce they are uh you know planning |
| 00:02:17 | 00:02:21 | for world domination |
| 00:02:19 | 00:02:23 | so it's it's uh it's pretty it's pretty |
| 00:02:21 | 00:02:24 | impressive and |
| 00:02:23 | 00:02:26 | and that's why it's such a great |
| 00:02:24 | 00:02:29 | opportunity |
| 00:02:26 | 00:02:30 | because amazon you and i know amazon |
| 00:02:29 | 00:02:33 | pretty much everyone knows amazon's |
| 00:02:30 | 00:02:35 | brand name but for the most part we're |
| 00:02:33 | 00:02:38 | just customers up on amazon we buy |
| 00:02:35 | 00:02:41 | products on amazon's website |
| 00:02:38 | 00:02:45 | and the opportunity of this is that they |
| 00:02:41 | 00:02:48 | have grown their customer base so much |
| 00:02:45 | 00:02:50 | they have so many customers who like |
| 00:02:48 | 00:02:53 | know and trust amazon |
| 00:02:50 | 00:02:55 | and they allow for third-party sellers |
| 00:02:53 | 00:02:58 | to sell on their platform |
| 00:02:55 | 00:02:59 | so out of all the products available |
| 00:02:58 | 00:03:01 | that amazon |
| 00:02:59 | 00:03:03 | has in when you go to their website |
| 00:03:01 | 00:03:06 | there's a percentage of those product |
| 00:03:03 | 00:03:08 | that amazon itself is selling |
| 00:03:06 | 00:03:11 | but actually a larger percentage of |
| 00:03:08 | 00:03:13 | products available on their website are |
| 00:03:11 | 00:03:16 | sold by third-party sellers and these |
| 00:03:13 | 00:03:18 | are people like myself and potentially |
| 00:03:16 | 00:03:20 | yourself people who |
| 00:03:18 | 00:03:24 | want to sell products and use their |
| 00:03:20 | 00:03:26 | platform and so amazon allows us to use |
| 00:03:24 | 00:03:29 | their platform to sell our products and |
| 00:03:26 | 00:03:32 | the opportunity here |
| 00:03:29 | 00:03:34 | is that we get access to their customers |
| 00:03:32 | 00:03:36 | so it's you can't |
| 00:03:34 | 00:03:38 | you have to wrap your mind around how |
| 00:03:36 | 00:03:40 | valuable that is you know they have |
| 00:03:38 | 00:03:43 | millions of customers they have people |
| 00:03:40 | 00:03:46 | who have memberships prime memberships |
| 00:03:43 | 00:03:50 | one click buy now and you now get |
| 00:03:46 | 00:03:52 | access and reach to those customers so |
| 00:03:50 | 00:03:55 | the opportunity is that when you launch |
| 00:03:52 | 00:03:58 | a brand on amazon the exposure that you |
| 00:03:55 | 00:04:02 | get by being partnered with them |
| 00:03:58 | 00:04:04 | is incredibly valuable for your brand |
| 00:04:02 | 00:04:05 | so um that's what it means to be a |
| 00:04:04 | 00:04:08 | third-party seller now i'm going to |
| 00:04:05 | 00:04:10 | explain the process of private labeling |
| 00:04:08 | 00:04:12 | um give you an overview here |
| 00:04:10 | 00:04:14 | so let's say that you decide to sell a |
| 00:04:12 | 00:04:16 | product on amazon and i'm not going to |
| 00:04:14 | 00:04:19 | go into too many details i'll link some |
| 00:04:16 | 00:04:21 | videos down below that will help you |
| 00:04:19 | 00:04:23 | but you know when you decide to sell a |
| 00:04:21 | 00:04:24 | product on amazon you're not just saying |
| 00:04:23 | 00:04:26 | hey i want to sell a water bottle |
| 00:04:24 | 00:04:28 | because i like water bottles you're |
| 00:04:26 | 00:04:30 | actually going to be doing market |
| 00:04:28 | 00:04:32 | research you're going to the amazon |
| 00:04:30 | 00:04:35 | platform you're seeing what the |
| 00:04:32 | 00:04:37 | customers want what the customers are |
| 00:04:35 | 00:04:39 | already buying you're just seeing what |
| 00:04:37 | 00:04:41 | works and then you're determining |
| 00:04:39 | 00:04:42 | whether or not you should sell the |
| 00:04:41 | 00:04:44 | product that's already been sold on |
| 00:04:42 | 00:04:45 | amazon |
| 00:04:44 | 00:04:47 | private labeling you're not doing |
| 00:04:45 | 00:04:49 | anything new you're not inventing |
| 00:04:47 | 00:04:51 | anything here |
| 00:04:49 | 00:04:53 | you're simply looking at what works and |
| 00:04:51 | 00:04:55 | taking your little spin on it and then |
| 00:04:53 | 00:04:57 | you're selling the same thing |
| 00:04:55 | 00:05:00 | so let's just say that you decide that |
| 00:04:57 | 00:05:01 | you want to sell a pillowcase on amazon |
| 00:05:00 | 00:05:05 | then you're going to go and you're going |
| 00:05:01 | 00:05:06 | to look for manufacturers or suppliers |
| 00:05:05 | 00:05:08 | you will look for those manufacturers |
| 00:05:06 | 00:05:10 | wherever you wish |
| 00:05:08 | 00:05:14 | you can find them locally you can find |
| 00:05:10 | 00:05:16 | them overseas um but |
| 00:05:14 | 00:05:19 | most private label sellers they actually |
| 00:05:16 | 00:05:21 | source from china over 70 percent of |
| 00:05:19 | 00:05:24 | private label sellers are sourcing from |
| 00:05:21 | 00:05:26 | china so it's really just up to you and |
| 00:05:24 | 00:05:28 | oftentimes you want to see where you can |
| 00:05:26 | 00:05:30 | get the best price but you might have |
| 00:05:28 | 00:05:31 | some other things that are going to help |
| 00:05:30 | 00:05:33 | you make your decision on where you |
| 00:05:31 | 00:05:35 | source from nonetheless you find a |
| 00:05:33 | 00:05:37 | manufacturer |
| 00:05:35 | 00:05:39 | and you there the manufacturer is going |
| 00:05:37 | 00:05:41 | to already be producing those |
| 00:05:39 | 00:05:42 | pillowcases you're not asking them to |
| 00:05:41 | 00:05:44 | create something that they've never |
| 00:05:42 | 00:05:46 | created before you're finding them |
| 00:05:44 | 00:05:48 | because they're already producing the |
| 00:05:46 | 00:05:51 | same pillowcases that are selling on |
| 00:05:48 | 00:05:53 | amazon and then you place your order |
| 00:05:51 | 00:05:56 | with them you slap your brand name on |
| 00:05:53 | 00:05:59 | the product packaging and then you ship |
| 00:05:56 | 00:06:02 | it to amazon's warehouses |
| 00:05:59 | 00:06:04 | so the beauty of this is that it's a |
| 00:06:02 | 00:06:06 | very hands-off process you just do it |
| 00:06:04 | 00:06:08 | all from your computer you don't ever |
| 00:06:06 | 00:06:10 | need to receive your inventory at your |
| 00:06:08 | 00:06:12 | house you can just ship it directly to |
| 00:06:10 | 00:06:13 | the amazon warehouses |
| 00:06:12 | 00:06:15 | and |
| 00:06:13 | 00:06:18 | it's it's pretty simple it's a simple |
| 00:06:15 | 00:06:20 | process but there are many steps |
| 00:06:18 | 00:06:23 | involved and that's why you want to make |
| 00:06:20 | 00:06:25 | sure that you educate yourself to avoid |
| 00:06:23 | 00:06:27 | making certain costly or time-consuming |
| 00:06:25 | 00:06:29 | mistakes |
| 00:06:27 | 00:06:32 | so that's the general process the |
| 00:06:29 | 00:06:35 | general idea of selling on amazon |
| 00:06:32 | 00:06:37 | however you know nowadays you're not |
| 00:06:35 | 00:06:38 | just going and looking for a product and |
| 00:06:37 | 00:06:40 | selling the same thing that everyone |
| 00:06:38 | 00:06:42 | else is selling what you're really |
| 00:06:40 | 00:06:44 | looking for is how can i improve this |
| 00:06:42 | 00:06:46 | product i can't just sell what everyone |
| 00:06:44 | 00:06:49 | else is selling it's not going to give |
| 00:06:46 | 00:06:51 | me any competitive edge i have to find a |
| 00:06:49 | 00:06:53 | way that i can add more value i |
| 00:06:51 | 00:06:56 | differentiate myself |
| 00:06:53 | 00:06:58 | stand out from the other sellers on on |
| 00:06:56 | 00:07:00 | the amazon platform and so when you're |
| 00:06:58 | 00:07:02 | picking a product you're really trying |
| 00:07:00 | 00:07:04 | to think about that strategize that |
| 00:07:02 | 00:07:06 | before you decide on a product to sell |
| 00:07:04 | 00:07:08 | and if there are certain products where |
| 00:07:06 | 00:07:10 | you might see there's a lot of room for |
| 00:07:08 | 00:07:12 | improvement there's a lot more that you |
| 00:07:10 | 00:07:14 | can do more value that you can add |
| 00:07:12 | 00:07:17 | and that's how you really build a |
| 00:07:14 | 00:07:18 | successful brand all right so now what |
| 00:07:17 | 00:07:20 | i'm going to do is i'm just going to hop |
| 00:07:18 | 00:07:22 | on my computer to just give you a quick |
| 00:07:20 | 00:07:24 | screen share and show you what that |
| 00:07:22 | 00:07:26 | process might look like all right so i'm |
| 00:07:24 | 00:07:29 | here on the amazon website and let's |
| 00:07:26 | 00:07:32 | just say that i want to |
| 00:07:29 | 00:07:34 | sell a silk pillowcase for some reason i |
| 00:07:32 | 00:07:36 | determined that this is a great product |
| 00:07:34 | 00:07:38 | opportunity i've done my product |
| 00:07:36 | 00:07:41 | research and i say i'm going to sell my |
| 00:07:38 | 00:07:43 | own silk pillowcase so as you can see |
| 00:07:41 | 00:07:45 | here there are many different people |
| 00:07:43 | 00:07:46 | selling what appears to be a very |
| 00:07:45 | 00:07:48 | similar product |
| 00:07:46 | 00:07:51 | maybe all of these people are sourcing |
| 00:07:48 | 00:07:53 | from the same manufacturer it's possible |
| 00:07:51 | 00:07:55 | that's what private labeling means they |
| 00:07:53 | 00:07:58 | might have different packaging but the |
| 00:07:55 | 00:08:00 | source the manufacturer may be the same |
| 00:07:58 | 00:08:03 | so then what i could do is i could go to |
| 00:08:00 | 00:08:05 | a place like alibaba.com |
| 00:08:03 | 00:08:07 | this is a a marketplace where you can |
| 00:08:05 | 00:08:09 | find manufacturers most of the |
| 00:08:07 | 00:08:11 | manufacturers |
| 00:08:09 | 00:08:13 | here are going to be in asia and i can |
| 00:08:11 | 00:08:15 | type in silk pillowcase |
| 00:08:13 | 00:08:17 | and this is where i could find |
| 00:08:15 | 00:08:20 | manufacturer to work with |
| 00:08:17 | 00:08:22 | so if i want to say source you know if i |
| 00:08:20 | 00:08:24 | determine okay this one's selling really |
| 00:08:22 | 00:08:26 | well and i want to i want to sell |
| 00:08:24 | 00:08:29 | something like this or maybe instead i |
| 00:08:26 | 00:08:30 | want to do a silk pillowcase and eye |
| 00:08:29 | 00:08:32 | mask set |
| 00:08:30 | 00:08:34 | maybe i want to stand out a little bit |
| 00:08:32 | 00:08:36 | more create some sort of a gift package |
| 00:08:34 | 00:08:38 | that's really great for gifting for |
| 00:08:36 | 00:08:40 | christmas something like this |
| 00:08:38 | 00:08:42 | um so i said okay well this is kind of |
| 00:08:40 | 00:08:43 | the product i want to sell |
| 00:08:42 | 00:08:45 | they actually do have really great |
| 00:08:43 | 00:08:46 | pictures |
| 00:08:45 | 00:08:49 | and so i'm going to find a manufacturer |
| 00:08:46 | 00:08:52 | who is kind of like that |
| 00:08:49 | 00:08:54 | so i'm going to go silk pillowcase |
| 00:08:52 | 00:08:56 | set |
| 00:08:54 | 00:08:58 | and |
| 00:08:56 | 00:09:00 | you can see here |
| 00:08:58 | 00:09:01 | oh there we go that looks similar |
| 00:09:00 | 00:09:03 | doesn't it |
| 00:09:01 | 00:09:04 | that looks pretty similar so i could |
| 00:09:03 | 00:09:06 | click on this |
| 00:09:04 | 00:09:08 | and of course you're going to try and |
| 00:09:06 | 00:09:10 | you know do a lot of research here but |
| 00:09:08 | 00:09:12 | here i can see that this is a product |
| 00:09:10 | 00:09:14 | this is a manufacturer that's already |
| 00:09:12 | 00:09:16 | producing this product it includes the |
| 00:09:14 | 00:09:18 | eye mask the pillowcase and even some |
| 00:09:16 | 00:09:21 | hair ties and i could put my own |
| 00:09:18 | 00:09:23 | branding over there on the box |
| 00:09:21 | 00:09:26 | this is what it looks like |
| 00:09:23 | 00:09:28 | comes in different colors great |
| 00:09:26 | 00:09:30 | um here i can see that if i order |
| 00:09:28 | 00:09:35 | between two and 49 pieces i would be |
| 00:09:30 | 00:09:36 | paying 9.90 a piece if i order over 500 |
| 00:09:35 | 00:09:38 | pieces i'd be paying eight dollars and |
| 00:09:36 | 00:09:40 | fifty cents a piece well i'm gonna have |
| 00:09:38 | 00:09:42 | to do some math to see um you know |
| 00:09:40 | 00:09:44 | what's the profit margin if i could sell |
| 00:09:42 | 00:09:46 | this potentially at sixty five dollars |
| 00:09:44 | 00:09:49 | sixty six dollars and if it cost me |
| 00:09:46 | 00:09:51 | eight dollars and fifty cents a piece |
| 00:09:49 | 00:09:52 | am i going to be making a profit margin |
| 00:09:51 | 00:09:54 | there's other things that i have to |
| 00:09:52 | 00:09:56 | factor in here but that's the general |
| 00:09:54 | 00:09:58 | idea and then what i would do is i would |
| 00:09:56 | 00:10:01 | contact the supplier maybe ask for some |
| 00:09:58 | 00:10:03 | more information and then i could place |
| 00:10:01 | 00:10:06 | an order and i could get some my |
| 00:10:03 | 00:10:08 | branding my logo my packaging done with |
| 00:10:06 | 00:10:11 | a graphics designer and then my supplier |
| 00:10:08 | 00:10:14 | would put that on the box for me and |
| 00:10:11 | 00:10:16 | then pretty soon it will look like this |
| 00:10:14 | 00:10:18 | and i could just ship it to amazon and |
| 00:10:16 | 00:10:21 | then i create my own amazon listing and |
| 00:10:18 | 00:10:24 | start selling on amazon |
| 00:10:21 | 00:10:26 | so really it's uh quite simple and the |
| 00:10:24 | 00:10:28 | process it does take long um because you |
| 00:10:26 | 00:10:31 | are waiting around for your manufacturer |
| 00:10:28 | 00:10:32 | to produce the products |
| 00:10:31 | 00:10:34 | you're going to probably want to get |
| 00:10:32 | 00:10:36 | some samples so i like to narrow down |
| 00:10:34 | 00:10:38 | the list contact you know a lot of |
| 00:10:36 | 00:10:39 | manufacturers and then narrow down the |
| 00:10:38 | 00:10:41 | list to maybe the top three |
| 00:10:39 | 00:10:43 | manufacturers that you contact and |
| 00:10:41 | 00:10:45 | request samples from them because it's |
| 00:10:43 | 00:10:48 | very important that you actually hold |
| 00:10:45 | 00:10:50 | the product yourself you analyze it you |
| 00:10:48 | 00:10:53 | determine whether or not this product is |
| 00:10:50 | 00:10:55 | of high quality because |
| 00:10:53 | 00:10:58 | your goal with building a brand is to |
| 00:10:55 | 00:11:01 | have the highest quality product um you |
| 00:10:58 | 00:11:03 | want to lead with that that's how you |
| 00:11:01 | 00:11:06 | build a brand that's how you get |
| 00:11:03 | 00:11:07 | positive reviews positive feedback so |
| 00:11:06 | 00:11:10 | you want to make sure that you get those |
| 00:11:07 | 00:11:11 | samples and then compare them and and |
| 00:11:10 | 00:11:13 | then that's you decide on which |
| 00:11:11 | 00:11:15 | manufacturer to go with so again this |
| 00:11:13 | 00:11:17 | manufacturer they've already been |
| 00:11:15 | 00:11:19 | producing the silk eye mask |
| 00:11:17 | 00:11:21 | this is the manufacturer they have their |
| 00:11:19 | 00:11:23 | own store you can see what other |
| 00:11:21 | 00:11:25 | products they sell |
| 00:11:23 | 00:11:26 | it sounds like this is their main |
| 00:11:25 | 00:11:27 | product |
| 00:11:26 | 00:11:29 | and they have a variety of different |
| 00:11:27 | 00:11:30 | things they've got the scrunchies |
| 00:11:29 | 00:11:33 | they've got the eye mask sold separately |
| 00:11:30 | 00:11:34 | they've got silk robes so it's actually |
| 00:11:33 | 00:11:36 | cool to check out their store as well |
| 00:11:34 | 00:11:38 | because it gives you ideas on different |
| 00:11:36 | 00:11:40 | products that you could source from the |
| 00:11:38 | 00:11:43 | same manufacturer and build out your |
| 00:11:40 | 00:11:44 | product line with time so with time i |
| 00:11:43 | 00:11:48 | could sell this |
| 00:11:44 | 00:11:50 | hair thing on amazon silk hair bonnet i |
| 00:11:48 | 00:11:52 | could sell the robe i could sell the |
| 00:11:50 | 00:11:54 | scrunchies individually maybe the eye |
| 00:11:52 | 00:11:57 | mask individually and so that's how you |
| 00:11:54 | 00:11:59 | really build a brand and expand your |
| 00:11:57 | 00:12:01 | product line um so it's great to work |
| 00:11:59 | 00:12:03 | with a manufacturer that has a lot of |
| 00:12:01 | 00:12:05 | different products |
| 00:12:03 | 00:12:07 | that could that could meet the criteria |
| 00:12:05 | 00:12:08 | for the brand that you want to build all |
| 00:12:07 | 00:12:11 | right so let's tok about some of the |
| 00:12:08 | 00:12:13 | pros and the cons of this business model |
| 00:12:11 | 00:12:15 | well i would say that the most the |
| 00:12:13 | 00:12:17 | biggest one is that you get to become |
| 00:12:15 | 00:12:20 | your own boss this is the path of |
| 00:12:17 | 00:12:22 | entrepreneurship i think it's one of the |
| 00:12:20 | 00:12:24 | easiest ways to step into |
| 00:12:22 | 00:12:27 | entrepreneurship it's easier than |
| 00:12:24 | 00:12:28 | building almost any other business i can |
| 00:12:27 | 00:12:30 | think of |
| 00:12:28 | 00:12:32 | doesn't mean it's going to be easy it's |
| 00:12:30 | 00:12:34 | just easier than a lot of the other |
| 00:12:32 | 00:12:36 | options i mean just think about building |
| 00:12:34 | 00:12:38 | uh you know starting a brick and mortar |
| 00:12:36 | 00:12:41 | store or retail shop |
| 00:12:38 | 00:12:42 | the logistiks of all of that the expense |
| 00:12:41 | 00:12:43 | of that |
| 00:12:42 | 00:12:44 | all of the things that you have to |
| 00:12:43 | 00:12:46 | manage |
| 00:12:44 | 00:12:48 | having employees you know that's it's a |
| 00:12:46 | 00:12:51 | lot more challenging this is you know |
| 00:12:48 | 00:12:54 | this can be a one-man one-woman show you |
| 00:12:51 | 00:12:56 | started on the side a couple hours a day |
| 00:12:54 | 00:12:58 | you invest in it and it can really grow |
| 00:12:56 | 00:13:00 | into something amazing |
| 00:12:58 | 00:13:03 | so for me being my own boss has been one |
| 00:13:00 | 00:13:05 | of the best decisions of my life |
| 00:13:03 | 00:13:08 | and that leads me to the second one |
| 00:13:05 | 00:13:09 | flexibility to work anywhere and to |
| 00:13:08 | 00:13:10 | travel |
| 00:13:09 | 00:13:13 | for me it was one of the biggest |
| 00:13:10 | 00:13:15 | motivators in starting an online |
| 00:13:13 | 00:13:17 | business i didn't just stumble into |
| 00:13:15 | 00:13:20 | building an online business i was |
| 00:13:17 | 00:13:20 | intentional i was actually in university |
| 00:13:20 | 00:13:22 | and |
| 00:13:20 | 00:13:24 | i just kind of looked at my life and i |
| 00:13:22 | 00:13:25 | said okay well what happens if i |
| 00:13:24 | 00:13:28 | graduate |
| 00:13:25 | 00:13:31 | get my degree and manage to get my dream |
| 00:13:28 | 00:13:33 | job you know what would my life look |
| 00:13:31 | 00:13:34 | like and i realized that the vision i |
| 00:13:33 | 00:13:36 | had for my life |
| 00:13:34 | 00:13:38 | i wouldn't be able to create that even |
| 00:13:36 | 00:13:41 | if i got my dream job because i would |
| 00:13:38 | 00:13:43 | just be very limited |
| 00:13:41 | 00:13:46 | with an online business you have the |
| 00:13:43 | 00:13:49 | flexibility to work from anywhere work |
| 00:13:46 | 00:13:51 | from home work from portugal work from |
| 00:13:49 | 00:13:53 | your backyard |
| 00:13:51 | 00:13:54 | you you know that's that's the beauty of |
| 00:13:53 | 00:13:56 | it |
| 00:13:54 | 00:13:58 | and i also really wanted to travel not |
| 00:13:56 | 00:14:00 | everyone loves to travel i traveled for |
| 00:13:58 | 00:14:03 | the last three years |
| 00:14:00 | 00:14:06 | i built my business it grew incredibly |
| 00:14:03 | 00:14:08 | well year after year after year even you |
| 00:14:06 | 00:14:11 | know when last i think it was the year |
| 00:14:08 | 00:14:14 | before last year i went to 18 different |
| 00:14:11 | 00:14:16 | countries and in spite of all the travel |
| 00:14:14 | 00:14:18 | and adventure and fun that i was able to |
| 00:14:16 | 00:14:22 | enjoy my business still grew |
| 00:14:18 | 00:14:24 | exponentially so it is a huge a blessing |
| 00:14:22 | 00:14:27 | another thing is it's just a great way |
| 00:14:24 | 00:14:28 | to earn extra income so even if you |
| 00:14:27 | 00:14:30 | don't want to quit your job you love |
| 00:14:28 | 00:14:32 | your job and you say i would just like |
| 00:14:30 | 00:14:34 | to have a little bit of extra cash a |
| 00:14:32 | 00:14:36 | little bit of wiggle room every month a |
| 00:14:34 | 00:14:38 | little bit of pocket money you know it's |
| 00:14:36 | 00:14:40 | not hard to make a thousand two thousand |
| 00:14:38 | 00:14:43 | profit a month with your amazon business |
| 00:14:40 | 00:14:45 | it's very realistik |
| 00:14:43 | 00:14:48 | it's also a great personal challenge so |
| 00:14:45 | 00:14:49 | you know building an online business is |
| 00:14:48 | 00:14:52 | usually not |
| 00:14:49 | 00:14:54 | easy for most people because most people |
| 00:14:52 | 00:14:57 | weren't we don't have any online skills |
| 00:14:54 | 00:14:59 | we have to learn a lot of stuff |
| 00:14:57 | 00:15:01 | many skills |
| 00:14:59 | 00:15:03 | to start building an online business and |
| 00:15:01 | 00:15:04 | that's cool it's a great personal |
| 00:15:03 | 00:15:07 | challenge some people feel very |
| 00:15:04 | 00:15:09 | intimidated by it but by myself |
| 00:15:07 | 00:15:12 | personally because i value growth so |
| 00:15:09 | 00:15:13 | much i actually really enjoy it you know |
| 00:15:12 | 00:15:15 | if there's something i don't know how to |
| 00:15:13 | 00:15:17 | do i see it as like this is a challenge |
| 00:15:15 | 00:15:19 | i get to challenge myself see what i'm |
| 00:15:17 | 00:15:21 | made of and then that way i feel really |
| 00:15:19 | 00:15:23 | proud when i do learn how to do |
| 00:15:21 | 00:15:25 | something and i do it really well and i |
| 00:15:23 | 00:15:27 | feel proud of myself that's how you |
| 00:15:25 | 00:15:28 | build a track record for yourself and |
| 00:15:27 | 00:15:30 | that's how you actually build |
| 00:15:28 | 00:15:32 | self-confidence because then you can |
| 00:15:30 | 00:15:33 | reflect back on all the things that you |
| 00:15:32 | 00:15:35 | once didn't know how to do the things |
| 00:15:33 | 00:15:37 | that you once couldn't do and that you |
| 00:15:35 | 00:15:39 | figured out how to do that you created |
| 00:15:37 | 00:15:41 | success and you build your your |
| 00:15:39 | 00:15:44 | self-confidence in that way |
| 00:15:41 | 00:15:46 | um i would also say that uh you know |
| 00:15:44 | 00:15:48 | again the benefit is that with this |
| 00:15:46 | 00:15:51 | model you don't have to quit your job to |
| 00:15:48 | 00:15:53 | start this business it is it starts as a |
| 00:15:51 | 00:15:55 | side hustle later it can grow into a |
| 00:15:53 | 00:15:57 | full-time gig but you do not need to |
| 00:15:55 | 00:15:58 | quit your job and i wouldn't encourage |
| 00:15:57 | 00:16:00 | you to quit your job your job is |
| 00:15:58 | 00:16:02 | supporting you it's supporting your |
| 00:16:00 | 00:16:04 | family it's supporting your lifestyle |
| 00:16:02 | 00:16:06 | this business only requires maybe a |
| 00:16:04 | 00:16:09 | couple hours a day when you're first |
| 00:16:06 | 00:16:11 | getting started there's not really a ton |
| 00:16:09 | 00:16:13 | for you to do |
| 00:16:11 | 00:16:16 | as your business starts growing um then |
| 00:16:13 | 00:16:18 | there will be more that you can do but |
| 00:16:16 | 00:16:20 | especially in the beginning investing a |
| 00:16:18 | 00:16:24 | couple hours a day is more than enough |
| 00:16:20 | 00:16:26 | to really get the ball moving with this |
| 00:16:24 | 00:16:28 | and so this is feasible for most people |
| 00:16:26 | 00:16:29 | whether it's a couple hours before you |
| 00:16:28 | 00:16:31 | go to work or a couple hours before you |
| 00:16:29 | 00:16:33 | go to bed |
| 00:16:31 | 00:16:35 | now you can also |
| 00:16:33 | 00:16:37 | also the benefit of this business model |
| 00:16:35 | 00:16:40 | is that you can become an entrepreneur |
| 00:16:37 | 00:16:42 | you can start a business without any |
| 00:16:40 | 00:16:44 | formal education so it's a very low |
| 00:16:42 | 00:16:47 | barrier of entry that's why i like to |
| 00:16:44 | 00:16:49 | share this proclaim it from the rooftops |
| 00:16:47 | 00:16:51 | because it's something that almost |
| 00:16:49 | 00:16:54 | anyone can start |
| 00:16:51 | 00:16:55 | you don't need any level of education |
| 00:16:54 | 00:16:58 | you don't any you don't even need any |
| 00:16:55 | 00:17:00 | specific skills of course if you have |
| 00:16:58 | 00:17:02 | certain skills on the computer that's |
| 00:17:00 | 00:17:04 | only going to benefit you but there's |
| 00:17:02 | 00:17:06 | nothing that you can't learn |
| 00:17:04 | 00:17:08 | in a short period of time when it comes |
| 00:17:06 | 00:17:09 | to this business model you can earn |
| 00:17:08 | 00:17:12 | money while you sleep |
| 00:17:09 | 00:17:14 | that's always a very exciting concept |
| 00:17:12 | 00:17:16 | prior to starting my business i couldn't |
| 00:17:14 | 00:17:19 | imagine how the heck would i earn money |
| 00:17:16 | 00:17:22 | if i'm sleeping i have to trade my time |
| 00:17:19 | 00:17:24 | for my paycheck i have to trade my time |
| 00:17:22 | 00:17:26 | for money the concept of passive income |
| 00:17:24 | 00:17:29 | was very foreign to me |
| 00:17:26 | 00:17:30 | now i'm not saying that this business is |
| 00:17:29 | 00:17:33 | passive |
| 00:17:30 | 00:17:35 | but it is going to be more passive than |
| 00:17:33 | 00:17:38 | your nine-to-five job nine-to-five job |
| 00:17:35 | 00:17:41 | you have to show up to earn your |
| 00:17:38 | 00:17:43 | paycheck with this you are investing |
| 00:17:41 | 00:17:46 | your time you're investing your |
| 00:17:43 | 00:17:48 | resources up front without any |
| 00:17:46 | 00:17:51 | guarantees of a paycheck in the future |
| 00:17:48 | 00:17:53 | but what you do is you establish the |
| 00:17:51 | 00:17:56 | foundation you set up the systems in |
| 00:17:53 | 00:17:58 | your business and eventually this is the |
| 00:17:56 | 00:18:01 | business can actually operate without |
| 00:17:58 | 00:18:03 | you so it actually can become a fairly |
| 00:18:01 | 00:18:05 | passive business and anyone who's doing |
| 00:18:03 | 00:18:08 | this business model correctly will |
| 00:18:05 | 00:18:10 | realize that it can consume you if you |
| 00:18:08 | 00:18:12 | don't know how to set up business and |
| 00:18:10 | 00:18:14 | systems in your business |
| 00:18:12 | 00:18:15 | but there's absolutely a way that you |
| 00:18:14 | 00:18:17 | can |
| 00:18:15 | 00:18:19 | eventually remove yourself from the |
| 00:18:17 | 00:18:22 | business and just kind of check in on it |
| 00:18:19 | 00:18:24 | once a week an hour two hours but you |
| 00:18:22 | 00:18:26 | have a team of people who are kind of |
| 00:18:24 | 00:18:28 | helping you with the business so that |
| 00:18:26 | 00:18:30 | you can now focus on other businesses |
| 00:18:28 | 00:18:32 | maybe you build a different stream of |
| 00:18:30 | 00:18:34 | income for yourself or maybe you build |
| 00:18:32 | 00:18:36 | another amazon business sell |
| 00:18:34 | 00:18:38 | launch a new product or you just decide |
| 00:18:36 | 00:18:40 | that well screw it i want to have |
| 00:18:38 | 00:18:43 | financial freedom so i can enjoy my life |
| 00:18:40 | 00:18:45 | and hang out with my kids more and go on |
| 00:18:43 | 00:18:48 | walks with my dog and that's what i want |
| 00:18:45 | 00:18:49 | to do with my time instead so um it's |
| 00:18:48 | 00:18:51 | really cool that you know |
| 00:18:49 | 00:18:53 | where was i going with this |
| 00:18:51 | 00:18:56 | you can earn money while you sleep so |
| 00:18:53 | 00:18:59 | you are you know your products are |
| 00:18:56 | 00:19:01 | available on amazon 24 7. so even if |
| 00:18:59 | 00:19:03 | you're in bed at 10 p.m someone else is |
| 00:19:01 | 00:19:05 | shopping at one in the morning and they |
| 00:19:03 | 00:19:07 | can buy your product and you wake up and |
| 00:19:05 | 00:19:09 | you have a sale or someone in a |
| 00:19:07 | 00:19:12 | different time zone is buying your |
| 00:19:09 | 00:19:14 | product so it's really interesting and |
| 00:19:12 | 00:19:17 | it it's very eye-opening to |
| 00:19:14 | 00:19:18 | experience that for the first time now |
| 00:19:17 | 00:19:21 | you can also sell in different |
| 00:19:18 | 00:19:22 | marketplaces across the world and so |
| 00:19:21 | 00:19:24 | that's what makes it |
| 00:19:22 | 00:19:26 | you know |
| 00:19:24 | 00:19:29 | you can sell in the us you can sell in |
| 00:19:26 | 00:19:31 | the uk you can sell in canada you can |
| 00:19:29 | 00:19:33 | sell in australia you can sell wherever |
| 00:19:31 | 00:19:35 | you want to sell and so that's how like |
| 00:19:33 | 00:19:37 | you know maybe you're making twenty |
| 00:19:35 | 00:19:39 | thousand a month in the us and then in |
| 00:19:37 | 00:19:41 | australia you're making 5 000 a month |
| 00:19:39 | 00:19:43 | and for the same product you don't |
| 00:19:41 | 00:19:45 | necessarily have to launch multiple |
| 00:19:43 | 00:19:47 | products you can actually just launch |
| 00:19:45 | 00:19:49 | one product but launch it in multiple |
| 00:19:47 | 00:19:52 | marketplaces |
| 00:19:49 | 00:19:55 | so there's definitely an enormous room |
| 00:19:52 | 00:19:59 | to grow when it comes to your private |
| 00:19:55 | 00:20:01 | label brand another thing is that |
| 00:19:59 | 00:20:04 | you're building a brand you're building |
| 00:20:01 | 00:20:06 | an asset yes you're going to be able to |
| 00:20:04 | 00:20:10 | pay yourself from your business today |
| 00:20:06 | 00:20:12 | and earn a paycheck and support yourself |
| 00:20:10 | 00:20:14 | but you're building an asset that one |
| 00:20:12 | 00:20:17 | day you could sell and i have first-hand |
| 00:20:14 | 00:20:20 | experience with that my business i was |
| 00:20:17 | 00:20:24 | able to pay myself a great income every |
| 00:20:20 | 00:20:25 | month and with room to save money |
| 00:20:24 | 00:20:27 | and then eventually i decided hey i'd |
| 00:20:25 | 00:20:30 | like to sell my business and that that |
| 00:20:27 | 00:20:32 | made for a wonderful payday |
| 00:20:30 | 00:20:35 | so you're building something that can |
| 00:20:32 | 00:20:37 | really provide for you now and also in |
| 00:20:35 | 00:20:39 | the future now one of the most exciting |
| 00:20:37 | 00:20:41 | things is that because this is your own |
| 00:20:39 | 00:20:44 | brand you have full control over it |
| 00:20:41 | 00:20:47 | there's really no limits |
| 00:20:44 | 00:20:50 | you can tap into your fullest potential |
| 00:20:47 | 00:20:53 | because there's no ceiling you can earn |
| 00:20:50 | 00:20:55 | as much as you want um and |
| 00:20:53 | 00:20:58 | and that's incredible you know i started |
| 00:20:55 | 00:21:00 | selling on amazon and i was i started |
| 00:20:58 | 00:21:02 | selling my product for 24. |
| 00:21:00 | 00:21:05 | then i started selling my product for |
| 00:21:02 | 00:21:08 | sixty dollars the same product for a lot |
| 00:21:05 | 00:21:10 | more because i started to build a brand |
| 00:21:08 | 00:21:13 | and that allowed me to make a lot more |
| 00:21:10 | 00:21:16 | money and so um you know how much i was |
| 00:21:13 | 00:21:18 | making just it was the sky was limit |
| 00:21:16 | 00:21:20 | limit every time i thought that i hit |
| 00:21:18 | 00:21:22 | the max it kept on growing kept on |
| 00:21:20 | 00:21:23 | growing because there's so much that you |
| 00:21:22 | 00:21:26 | can do |
| 00:21:23 | 00:21:28 | in the world of online marketing there's |
| 00:21:26 | 00:21:32 | a million and one things that you could |
| 00:21:28 | 00:21:33 | do to allow your product to reach more |
| 00:21:32 | 00:21:34 | people |
| 00:21:33 | 00:21:37 | to |
| 00:21:34 | 00:21:38 | gain more customers to retarget people |
| 00:21:37 | 00:21:40 | and |
| 00:21:38 | 00:21:42 | have recurring customers there's just so |
| 00:21:40 | 00:21:44 | much that you can do the sky really is |
| 00:21:42 | 00:21:46 | the limit the limit is you it's how much |
| 00:21:44 | 00:21:47 | you want to put into your business how |
| 00:21:46 | 00:21:49 | much |
| 00:21:47 | 00:21:50 | you want to invest into your business |
| 00:21:49 | 00:21:52 | how much time you want to put into your |
| 00:21:50 | 00:21:55 | business and how resourceful you want to |
| 00:21:52 | 00:21:58 | get how creative you want to get so you |
| 00:21:55 | 00:22:00 | have the ability to choose how much or |
| 00:21:58 | 00:22:03 | how little you would like to grow |
| 00:22:00 | 00:22:05 | but it's a blessing to be able to |
| 00:22:03 | 00:22:07 | kind of decide |
| 00:22:05 | 00:22:09 | how big do i want to make this thing |
| 00:22:07 | 00:22:11 | another thing is like i showed you in |
| 00:22:09 | 00:22:14 | the screen share that you can start with |
| 00:22:11 | 00:22:16 | one product on amazon but you can slowly |
| 00:22:14 | 00:22:17 | expand your product line and have |
| 00:22:16 | 00:22:20 | multiple products and that's how you |
| 00:22:17 | 00:22:22 | really build an awesome brand in a |
| 00:22:20 | 00:22:24 | partikular niche |
| 00:22:22 | 00:22:27 | so that's how you can cross-sell between |
| 00:22:24 | 00:22:30 | products and your average order of value |
| 00:22:27 | 00:22:31 | can significantly increase when you do |
| 00:22:30 | 00:22:34 | that |
| 00:22:31 | 00:22:36 | also amazon sellers have far greater |
| 00:22:34 | 00:22:38 | profit margins than most small |
| 00:22:36 | 00:22:40 | businesses |
| 00:22:38 | 00:22:42 | so although you might think well |
| 00:22:40 | 00:22:46 | you know 20 30 profit margin doesn't |
| 00:22:42 | 00:22:48 | seem like much well it's actually really |
| 00:22:46 | 00:22:50 | awesome it's really great compared to |
| 00:22:48 | 00:22:53 | most small businesses you have to think |
| 00:22:50 | 00:22:55 | about how little overhead |
| 00:22:53 | 00:22:58 | you have when you are starting a |
| 00:22:55 | 00:23:00 | business on amazon all you know it's a |
| 00:22:58 | 00:23:02 | one-man show you just start it yourself |
| 00:23:00 | 00:23:04 | you just have to pay for your inventory |
| 00:23:02 | 00:23:06 | you have some marketing expenses you |
| 00:23:04 | 00:23:08 | have a lot of one-time expenses when |
| 00:23:06 | 00:23:10 | you're setting up your business but then |
| 00:23:08 | 00:23:13 | you've got some marketing expenses and |
| 00:23:10 | 00:23:15 | then reordering inventory and and that's |
| 00:23:13 | 00:23:17 | you know the gist of it but when you |
| 00:23:15 | 00:23:19 | have uh you know a brick and mortar |
| 00:23:17 | 00:23:22 | store or any other business there's a |
| 00:23:19 | 00:23:24 | lot more overhead which decreases your |
| 00:23:22 | 00:23:27 | profit margins and it takes most other |
| 00:23:24 | 00:23:29 | businesses a lot longer to become |
| 00:23:27 | 00:23:31 | profitable with an amazon business most |
| 00:23:29 | 00:23:35 | sellers are profitable within the first |
| 00:23:31 | 00:23:36 | three to six months so |
| 00:23:35 | 00:23:39 | massive opportunity there all right i'm |
| 00:23:36 | 00:23:41 | going to touch on some of the cons so |
| 00:23:39 | 00:23:44 | the biggest barrier of entry with this |
| 00:23:41 | 00:23:46 | business is the financial investment |
| 00:23:44 | 00:23:48 | required to get started |
| 00:23:46 | 00:23:50 | so although you know it's really open to |
| 00:23:48 | 00:23:52 | almost anyone you don't need any |
| 00:23:50 | 00:23:54 | partikular education level or any |
| 00:23:52 | 00:23:56 | partikular skills what you do need is |
| 00:23:54 | 00:23:59 | some money to get started |
| 00:23:56 | 00:24:01 | and obviously not everyone has that |
| 00:23:59 | 00:24:03 | now how much money you need to get |
| 00:24:01 | 00:24:06 | started everyone has their own opinion |
| 00:24:03 | 00:24:08 | on that personally i would recommend a |
| 00:24:06 | 00:24:11 | minimum of twenty five hundred dollars |
| 00:24:08 | 00:24:14 | yes you could always do better with more |
| 00:24:11 | 00:24:16 | you can even get away with less but in |
| 00:24:14 | 00:24:18 | my experience in order to feel |
| 00:24:16 | 00:24:19 | comfortable starting this business |
| 00:24:18 | 00:24:20 | twenty five hundred dollars would be a |
| 00:24:19 | 00:24:21 | minimum |
| 00:24:20 | 00:24:23 | so |
| 00:24:21 | 00:24:26 | although this might be a lot of money |
| 00:24:23 | 00:24:28 | for some people you do have to take it |
| 00:24:26 | 00:24:31 | in context twenty five hundred dollars |
| 00:24:28 | 00:24:32 | to start a business is extremely low |
| 00:24:31 | 00:24:35 | just |
| 00:24:32 | 00:24:37 | do some research any other business it's |
| 00:24:35 | 00:24:40 | very hard to start with 2 500 |
| 00:24:37 | 00:24:42 | so but i acknowledge that this is a |
| 00:24:40 | 00:24:45 | barrier of entry not everyone can do |
| 00:24:42 | 00:24:47 | this and that's why i'm going to share |
| 00:24:45 | 00:24:49 | with you some other |
| 00:24:47 | 00:24:52 | models that might be a better place for |
| 00:24:49 | 00:24:54 | you to start if you don't have the 2500 |
| 00:24:52 | 00:24:57 | there are other ways that you can sell |
| 00:24:54 | 00:24:59 | on amazon that are not private labeling |
| 00:24:57 | 00:25:01 | that maybe they don't have as much |
| 00:24:59 | 00:25:02 | potential as much earning potential but |
| 00:25:01 | 00:25:04 | it's a great way to get your foot in the |
| 00:25:02 | 00:25:07 | door to gain some experience and to make |
| 00:25:04 | 00:25:10 | some profits which you could then save |
| 00:25:07 | 00:25:11 | and later start a private label business |
| 00:25:10 | 00:25:14 | so if you want to learn about different |
| 00:25:11 | 00:25:17 | models of selling on amazon then you can |
| 00:25:14 | 00:25:18 | click the video up here where i share |
| 00:25:17 | 00:25:21 | with you five different ways of selling |
| 00:25:18 | 00:25:23 | on amazon and you know private labeling |
| 00:25:21 | 00:25:25 | may not be the best fit for you and |
| 00:25:23 | 00:25:26 | we'll tok a bit about that later on in |
| 00:25:25 | 00:25:29 | this video |
| 00:25:26 | 00:25:32 | now another con is that it's becoming |
| 00:25:29 | 00:25:34 | more and more competitive to sell |
| 00:25:32 | 00:25:36 | products on amazon |
| 00:25:34 | 00:25:38 | so it is you know i have to acknowledge |
| 00:25:36 | 00:25:39 | that there are definitely way more |
| 00:25:38 | 00:25:41 | people |
| 00:25:39 | 00:25:44 | sharing how much of an opportunity |
| 00:25:41 | 00:25:46 | selling on amazon is i mean there was |
| 00:25:44 | 00:25:48 | probably an ad before this video of |
| 00:25:46 | 00:25:51 | someone sharing with you how they became |
| 00:25:48 | 00:25:53 | a millionaire selling on amazon |
| 00:25:51 | 00:25:54 | so definitely there's more people who |
| 00:25:53 | 00:25:56 | are starting the business who are having |
| 00:25:54 | 00:25:58 | success with the business who are |
| 00:25:56 | 00:26:01 | sharing about it and so more people are |
| 00:25:58 | 00:26:03 | just entering this space and so that |
| 00:26:01 | 00:26:05 | means more competition yes it's still an |
| 00:26:03 | 00:26:08 | opportunity but it just means that |
| 00:26:05 | 00:26:10 | you're gonna have to get more creative |
| 00:26:08 | 00:26:12 | because there's more competition the |
| 00:26:10 | 00:26:13 | sellers are you know better than they've |
| 00:26:12 | 00:26:15 | ever been before you're going to have to |
| 00:26:13 | 00:26:18 | get more creative you're going to figure |
| 00:26:15 | 00:26:21 | out ways to stand out ways to add more |
| 00:26:18 | 00:26:23 | value ways to differentiate yourself |
| 00:26:21 | 00:26:24 | improve your product quality and there's |
| 00:26:23 | 00:26:26 | a lot that you'll have to do that's off |
| 00:26:24 | 00:26:28 | amazon you know back in the day you |
| 00:26:26 | 00:26:30 | might have been able to get away with |
| 00:26:28 | 00:26:32 | just the simple process of launching it |
| 00:26:30 | 00:26:35 | on amazon and just doing some ppc some |
| 00:26:32 | 00:26:36 | pay-per-click marketing but nowadays |
| 00:26:35 | 00:26:38 | there's probably a lot more that you |
| 00:26:36 | 00:26:41 | should be doing off amazon given how |
| 00:26:38 | 00:26:44 | powerful social media is |
| 00:26:41 | 00:26:46 | so it is becoming more competitive but |
| 00:26:44 | 00:26:48 | if you know it's it's not for the meek |
| 00:26:46 | 00:26:50 | but if you're looking for a challenge |
| 00:26:48 | 00:26:54 | and you're willing to put in the work |
| 00:26:50 | 00:26:55 | again it can be a wonderful opportunity |
| 00:26:54 | 00:26:58 | now another con is that it can be |
| 00:26:55 | 00:27:01 | challenging to get customer reviews and |
| 00:26:58 | 00:27:03 | because this is an online business your |
| 00:27:01 | 00:27:07 | reviews are very important your reviews |
| 00:27:03 | 00:27:09 | are what we would call social proof |
| 00:27:07 | 00:27:11 | people are going to be more comfortable |
| 00:27:09 | 00:27:12 | to buy your product when they know that |
| 00:27:11 | 00:27:15 | other customers had a positive |
| 00:27:12 | 00:27:17 | experience with your product |
| 00:27:15 | 00:27:19 | in retail someone goes to the store they |
| 00:27:17 | 00:27:20 | pick up a product they can use their |
| 00:27:19 | 00:27:23 | five senses to |
| 00:27:20 | 00:27:25 | analyze the product they can touch it |
| 00:27:23 | 00:27:27 | they can see it they can smell it |
| 00:27:25 | 00:27:30 | they can really |
| 00:27:27 | 00:27:32 | decide whether or not that you know they |
| 00:27:30 | 00:27:34 | want to buy this product or not and when |
| 00:27:32 | 00:27:36 | they're in the store there's no such |
| 00:27:34 | 00:27:38 | thing as customer reviews they make the |
| 00:27:36 | 00:27:40 | decision themselves based on what they |
| 00:27:38 | 00:27:41 | see |
| 00:27:40 | 00:27:44 | online however |
| 00:27:41 | 00:27:46 | there are customer reviews and so people |
| 00:27:44 | 00:27:48 | will pop from one listing to the next |
| 00:27:46 | 00:27:50 | listing and they'll read the reviews and |
| 00:27:48 | 00:27:52 | see which one has the most reviews and |
| 00:27:50 | 00:27:55 | which one has the most positive reviews |
| 00:27:52 | 00:27:56 | and it does definitely raise their |
| 00:27:55 | 00:27:59 | buying decision |
| 00:27:56 | 00:28:01 | so yes reviews are important and it can |
| 00:27:59 | 00:28:02 | be sometimes challenging to get those |
| 00:28:01 | 00:28:04 | reviews |
| 00:28:02 | 00:28:07 | but i have another video toking about |
| 00:28:04 | 00:28:08 | how you know the best way to get reviews |
| 00:28:07 | 00:28:11 | i'll link it in the description box for |
| 00:28:08 | 00:28:14 | you another con maybe a com maybe not a |
| 00:28:11 | 00:28:16 | con this is not a get rich quick um this |
| 00:28:14 | 00:28:18 | is not something that you know you're |
| 00:28:16 | 00:28:19 | going to start your business a month |
| 00:28:18 | 00:28:21 | from now two months from now you're |
| 00:28:19 | 00:28:23 | going to be making a profit you're going |
| 00:28:21 | 00:28:25 | to be making the killing um it can take |
| 00:28:23 | 00:28:28 | three to six months before you start to |
| 00:28:25 | 00:28:30 | see a profit but even then even when you |
| 00:28:28 | 00:28:32 | start to see a profit what are you going |
| 00:28:30 | 00:28:33 | to do with that profit |
| 00:28:32 | 00:28:36 | are you going to pay yourself straight |
| 00:28:33 | 00:28:38 | away you could but the majority of |
| 00:28:36 | 00:28:40 | amazon sellers choose to reinvest that |
| 00:28:38 | 00:28:42 | profit back into their business and |
| 00:28:40 | 00:28:43 | sometimes they don't have a choice |
| 00:28:42 | 00:28:46 | because when their business is growing |
| 00:28:43 | 00:28:49 | they have increasingly larger inventory |
| 00:28:46 | 00:28:50 | orders they have more marketing expenses |
| 00:28:49 | 00:28:52 | and they've got to put that money back |
| 00:28:50 | 00:28:53 | into their business just so it can |
| 00:28:52 | 00:28:55 | survive so that it can flourish that it |
| 00:28:53 | 00:28:57 | can grow |
| 00:28:55 | 00:28:59 | they want to nurture their business |
| 00:28:57 | 00:29:01 | so oftentimes you're probably not going |
| 00:28:59 | 00:29:03 | to pull a profit from your business |
| 00:29:01 | 00:29:04 | and pay yourself for maybe the first six |
| 00:29:03 | 00:29:07 | months maybe the first year or maybe the |
| 00:29:04 | 00:29:10 | first two years it took me two years |
| 00:29:07 | 00:29:12 | before i actually quit my my job i was i |
| 00:29:10 | 00:29:14 | still it took me two years i could have |
| 00:29:12 | 00:29:16 | quit sooner but i wanted to wait until i |
| 00:29:14 | 00:29:17 | was super comfortable until i had more |
| 00:29:16 | 00:29:19 | than enough money in the bank account |
| 00:29:17 | 00:29:22 | where i could pay myself without taking |
| 00:29:19 | 00:29:24 | away from my business and the last thing |
| 00:29:22 | 00:29:27 | i'll say is that when you're selling on |
| 00:29:24 | 00:29:30 | amazon you are selling on amazon's |
| 00:29:27 | 00:29:32 | platform and they know that they're |
| 00:29:30 | 00:29:33 | giving you a great opportunity to sell |
| 00:29:32 | 00:29:36 | on their platform |
| 00:29:33 | 00:29:38 | they want you to know that those are |
| 00:29:36 | 00:29:40 | their customers |
| 00:29:38 | 00:29:41 | that you don't own your amazon listing |
| 00:29:40 | 00:29:45 | amazon does |
| 00:29:41 | 00:29:47 | so they have full control and you really |
| 00:29:45 | 00:29:48 | don't own anything except for the brand |
| 00:29:47 | 00:29:51 | that you create |
| 00:29:48 | 00:29:54 | so although i recommend starting on |
| 00:29:51 | 00:29:56 | amazon because of the enormous reach |
| 00:29:54 | 00:29:58 | that they |
| 00:29:56 | 00:29:59 | provide for you |
| 00:29:58 | 00:30:03 | i don't recommend having all your eggs |
| 00:29:59 | 00:30:06 | in one basket basket meaning eventually |
| 00:30:03 | 00:30:08 | i recommend as your brand grows it's |
| 00:30:06 | 00:30:11 | powerful to start selling on your own |
| 00:30:08 | 00:30:14 | website so that you're not 100 dependent |
| 00:30:11 | 00:30:16 | on amazon because it's possible although |
| 00:30:14 | 00:30:18 | the chances are low it's possible that |
| 00:30:16 | 00:30:20 | they change their algorithm that for |
| 00:30:18 | 00:30:23 | some reason your listing gets |
| 00:30:20 | 00:30:26 | deactivated your account gets |
| 00:30:23 | 00:30:28 | deactivated maybe they have determined |
| 00:30:26 | 00:30:30 | that you didn't follow their terms of |
| 00:30:28 | 00:30:31 | service whether intentional or by |
| 00:30:30 | 00:30:33 | accident |
| 00:30:31 | 00:30:34 | so there's always those things that |
| 00:30:33 | 00:30:37 | could happen |
| 00:30:34 | 00:30:40 | and so it's best not to be dependent on |
| 00:30:37 | 00:30:42 | any one platform and so um you know i |
| 00:30:40 | 00:30:44 | would say that's a con of selling on |
| 00:30:42 | 00:30:46 | amazon uh but the way around that is you |
| 00:30:44 | 00:30:49 | start there and then you branch off and |
| 00:30:46 | 00:30:51 | sell on different platforms so if that |
| 00:30:49 | 00:30:53 | one goes down for whatever reason you |
| 00:30:51 | 00:30:54 | know you still got some other sources of |
| 00:30:53 | 00:30:56 | income |
| 00:30:54 | 00:30:59 | and the last one is the fees |
| 00:30:56 | 00:31:01 | so if you sell on amazon they do charge |
| 00:30:59 | 00:31:03 | you a referral fee |
| 00:31:01 | 00:31:05 | they know that they're giving you their |
| 00:31:03 | 00:31:07 | reach and their customers and so for |
| 00:31:05 | 00:31:11 | each item you sell you have to pay |
| 00:31:07 | 00:31:12 | amazon a percentage of um you know that |
| 00:31:11 | 00:31:14 | product |
| 00:31:12 | 00:31:16 | so there are other fees involved if |
| 00:31:14 | 00:31:18 | you're going to be fulfilling products |
| 00:31:16 | 00:31:20 | with their fba warehouses fulfilled by |
| 00:31:18 | 00:31:23 | amazon |
| 00:31:20 | 00:31:25 | but they always charge a referral fee |
| 00:31:23 | 00:31:26 | so if you are going to compare it to |
| 00:31:25 | 00:31:28 | selling on your own website |
| 00:31:26 | 00:31:30 | you |
| 00:31:28 | 00:31:32 | eliminate the fee there's no referral |
| 00:31:30 | 00:31:34 | fee if you sell on your own website so |
| 00:31:32 | 00:31:37 | again you know it's cost it's going to |
| 00:31:34 | 00:31:39 | be more costly to sell on amazon so |
| 00:31:37 | 00:31:40 | maybe start there build your business |
| 00:31:39 | 00:31:43 | there |
| 00:31:40 | 00:31:46 | develop an audience a customer base and |
| 00:31:43 | 00:31:47 | transition to selling on your website |
| 00:31:46 | 00:31:48 | and you don't have to exclusively sell |
| 00:31:47 | 00:31:51 | on your website you can sell it in |
| 00:31:48 | 00:31:52 | conjunction with amazon and just realize |
| 00:31:51 | 00:31:54 | that you're going to be making higher |
| 00:31:52 | 00:31:56 | profits on your website than you will on |
| 00:31:54 | 00:31:59 | amazon alright so how much money are you |
| 00:31:56 | 00:32:02 | likely to make as an amazon seller and |
| 00:31:59 | 00:32:05 | how likely is it to become a millionaire |
| 00:32:02 | 00:32:07 | well let me just preface this by |
| 00:32:05 | 00:32:09 | reminding you that if success was easy |
| 00:32:07 | 00:32:11 | everyone would be successful right so |
| 00:32:09 | 00:32:15 | it's challenging and there's always |
| 00:32:11 | 00:32:17 | going to be a minority of people who are |
| 00:32:15 | 00:32:18 | successful so that comes with any |
| 00:32:17 | 00:32:20 | business |
| 00:32:18 | 00:32:22 | i happened to |
| 00:32:20 | 00:32:24 | do really well with my amazon business |
| 00:32:22 | 00:32:26 | and i was able to become a millionaire |
| 00:32:24 | 00:32:29 | through my e-commerce business but i |
| 00:32:26 | 00:32:31 | recognized that i'm one of the few so |
| 00:32:29 | 00:32:33 | i'm going to read you some of the stats |
| 00:32:31 | 00:32:36 | from jungle scout |
| 00:32:33 | 00:32:38 | state of the amazon seller and i'll link |
| 00:32:36 | 00:32:40 | the pdf where you can download the pdf |
| 00:32:38 | 00:32:43 | from the description of this video they |
| 00:32:40 | 00:32:44 | do every year in analysis of all the |
| 00:32:43 | 00:32:46 | data all this information it's really |
| 00:32:44 | 00:32:48 | awesome i'll share with you some of the |
| 00:32:46 | 00:32:51 | statistiks from that sheet |
| 00:32:48 | 00:32:54 | so half of amazon sellers see more than |
| 00:32:51 | 00:32:56 | five thousand dollars per month in sale |
| 00:32:54 | 00:32:59 | so half of amazon sellers see more than |
| 00:32:56 | 00:33:03 | 5 000 per month in sales |
| 00:32:59 | 00:33:05 | 25 of amazon sellers see over 25 000 per |
| 00:33:03 | 00:33:07 | month in sales |
| 00:33:05 | 00:33:11 | more than half of amazon sellers have |
| 00:33:07 | 00:33:13 | reached lifetime sales of 50 000 or more |
| 00:33:11 | 00:33:15 | and keep in mind that |
| 00:33:13 | 00:33:18 | you know selling on amazon is still |
| 00:33:15 | 00:33:20 | relatively new so most of this |
| 00:33:18 | 00:33:23 | information is based on just people |
| 00:33:20 | 00:33:25 | selling for two to five years so um you |
| 00:33:23 | 00:33:28 | know keep that in mind it's not like |
| 00:33:25 | 00:33:31 | this has been around for decades |
| 00:33:28 | 00:33:33 | um 19 of sellers have exceeded 1 million |
| 00:33:31 | 00:33:36 | dollars in sales |
| 00:33:33 | 00:33:38 | so again you know 19 is the minority but |
| 00:33:36 | 00:33:39 | it's still a possibility |
| 00:33:38 | 00:33:42 | just because |
| 00:33:39 | 00:33:44 | you know the chances the odds are |
| 00:33:42 | 00:33:46 | against you does not mean that you |
| 00:33:44 | 00:33:48 | should not strive to |
| 00:33:46 | 00:33:51 | become part of that minority everyone |
| 00:33:48 | 00:33:52 | has an equal opportunity to getting |
| 00:33:51 | 00:33:56 | there |
| 00:33:52 | 00:33:57 | 71 of sellers have sales over a thousand |
| 00:33:56 | 00:33:59 | dollars per month |
| 00:33:57 | 00:34:01 | so if you're in this and you just want |
| 00:33:59 | 00:34:03 | to make a little bit of extra cash |
| 00:34:01 | 00:34:05 | thousand two thousand dollars per month |
| 00:34:03 | 00:34:08 | well 71 percent of sellers are |
| 00:34:05 | 00:34:10 | successfully doing that so the odds are |
| 00:34:08 | 00:34:12 | in your favor of that |
| 00:34:10 | 00:34:15 | 81 percent of million dollar sellers on |
| 00:34:12 | 00:34:18 | amazon they follow the private label |
| 00:34:15 | 00:34:20 | model so earlier i alluded to different |
| 00:34:18 | 00:34:21 | models of selling on amazon |
| 00:34:20 | 00:34:23 | and |
| 00:34:21 | 00:34:26 | 81 of the people who are making millions |
| 00:34:23 | 00:34:28 | on amazon they're doing this model the |
| 00:34:26 | 00:34:30 | private labeling model because it has |
| 00:34:28 | 00:34:32 | the highest potential the largest profit |
| 00:34:30 | 00:34:36 | margin |
| 00:34:32 | 00:34:39 | 39 of sellers spend fewer than 10 hours |
| 00:34:36 | 00:34:42 | a week on their amazon business |
| 00:34:39 | 00:34:44 | so as i alluded to earlier um you know |
| 00:34:42 | 00:34:46 | you don't have to go full time with this |
| 00:34:44 | 00:34:47 | most people are not going full time with |
| 00:34:46 | 00:34:51 | this |
| 00:34:47 | 00:34:53 | i went full time after two years but i |
| 00:34:51 | 00:34:55 | was had still not developed systems in |
| 00:34:53 | 00:34:57 | my business after about |
| 00:34:55 | 00:34:59 | three years i developed more systems and |
| 00:34:57 | 00:35:01 | i was able to focus my time on other |
| 00:34:59 | 00:35:02 | areas of business and starting new |
| 00:35:01 | 00:35:04 | things and creating new streams of |
| 00:35:02 | 00:35:07 | income now i have seven streams of |
| 00:35:04 | 00:35:09 | income and i was able to do that not by |
| 00:35:07 | 00:35:12 | doing them all at once by by mastering |
| 00:35:09 | 00:35:14 | one area setting up systems hiring |
| 00:35:12 | 00:35:16 | people and then i'm able to remove |
| 00:35:14 | 00:35:19 | myself and focus on another area setting |
| 00:35:16 | 00:35:21 | up systems doing what i got to do to |
| 00:35:19 | 00:35:22 | automate it remove myself and set up |
| 00:35:21 | 00:35:24 | another and then i have all these |
| 00:35:22 | 00:35:26 | streams of income that are kind of |
| 00:35:24 | 00:35:28 | passively producing money for me or that |
| 00:35:26 | 00:35:30 | i don't have to work on or check in as |
| 00:35:28 | 00:35:32 | much 60 |
| 00:35:30 | 00:35:35 | of sellers are profitable within the |
| 00:35:32 | 00:35:37 | first year of selling on amazon |
| 00:35:35 | 00:35:39 | okay so again compared to a regular |
| 00:35:37 | 00:35:41 | business that's quite high because most |
| 00:35:39 | 00:35:43 | people are going to be in debt when |
| 00:35:41 | 00:35:47 | starting a business for the first |
| 00:35:43 | 00:35:50 | first couple years at least 58 of amazon |
| 00:35:47 | 00:35:52 | sellers spent less than five thousand |
| 00:35:50 | 00:35:54 | dollars on their business |
| 00:35:52 | 00:35:56 | um to start it so five thousand dollars |
| 00:35:54 | 00:35:59 | includes their inventory their shipping |
| 00:35:56 | 00:36:03 | their marketing their branding all of |
| 00:35:59 | 00:36:07 | that stuff so uh more than 50 of sellers |
| 00:36:03 | 00:36:09 | spent less than 5k and 28 of sellers |
| 00:36:07 | 00:36:11 | spent less than a thousand dollars to |
| 00:36:09 | 00:36:14 | get started so as i mentioned earlier i |
| 00:36:11 | 00:36:16 | said 2500 is that sweet spot you could |
| 00:36:14 | 00:36:18 | have more but you could have less 28 of |
| 00:36:16 | 00:36:22 | people spent less than a thousand all |
| 00:36:18 | 00:36:24 | right so is this the right fit for you |
| 00:36:22 | 00:36:27 | well only you can determine that because |
| 00:36:24 | 00:36:29 | you know you i don't know you personally |
| 00:36:27 | 00:36:30 | but i'll just give you my two cents on a |
| 00:36:29 | 00:36:33 | few things |
| 00:36:30 | 00:36:35 | if you are very risk averse |
| 00:36:33 | 00:36:38 | then entrepreneurship may not be the |
| 00:36:35 | 00:36:40 | best fit for you risk averse means that |
| 00:36:38 | 00:36:42 | you prefer avoiding loss |
| 00:36:40 | 00:36:45 | over making a gain |
| 00:36:42 | 00:36:48 | and this is because all business not |
| 00:36:45 | 00:36:50 | just amazon business all business |
| 00:36:48 | 00:36:52 | involves some level of risk |
| 00:36:50 | 00:36:53 | and |
| 00:36:52 | 00:36:56 | so we of course are going to do what we |
| 00:36:53 | 00:36:59 | can to mitigate our risk so that we can |
| 00:36:56 | 00:37:01 | minimize our losses |
| 00:36:59 | 00:37:03 | but we always have to remember that |
| 00:37:01 | 00:37:05 | starting a business is a risky it's a |
| 00:37:03 | 00:37:06 | risky business and if you're not |
| 00:37:05 | 00:37:09 | comfortable |
| 00:37:06 | 00:37:11 | if you're not comfortable with risk then |
| 00:37:09 | 00:37:13 | what might happen and i've seen this |
| 00:37:11 | 00:37:15 | with a lot of people |
| 00:37:13 | 00:37:18 | is that you get paralyzed you're |
| 00:37:15 | 00:37:20 | paralyzed in fear and you're not able to |
| 00:37:18 | 00:37:23 | make the next move |
| 00:37:20 | 00:37:25 | and so some people are very risk-averse |
| 00:37:23 | 00:37:27 | some people are just more comfortable |
| 00:37:25 | 00:37:29 | with yes obviously don't want to lose |
| 00:37:27 | 00:37:32 | money and want to do the best i can to |
| 00:37:29 | 00:37:34 | mitigate my risk but i understand that |
| 00:37:32 | 00:37:35 | that i'm starting a business here and |
| 00:37:34 | 00:37:37 | i'm i'm |
| 00:37:35 | 00:37:41 | uh comfortable with the risk that i'm |
| 00:37:37 | 00:37:43 | taking on now if you need step-by-step |
| 00:37:41 | 00:37:44 | guidance then not everyone needs that |
| 00:37:43 | 00:37:47 | right a lot of people feel very |
| 00:37:44 | 00:37:49 | confident to take this on themselves and |
| 00:37:47 | 00:37:51 | to learn information and pull |
| 00:37:49 | 00:37:53 | information and they feel very confident |
| 00:37:51 | 00:37:54 | in building their business but my |
| 00:37:53 | 00:37:56 | experience with working with people is |
| 00:37:54 | 00:37:58 | that most people |
| 00:37:56 | 00:38:01 | who don't come from a business |
| 00:37:58 | 00:38:03 | background who don't ever has never |
| 00:38:01 | 00:38:06 | opened an online business they feel |
| 00:38:03 | 00:38:07 | intimidated by the process and they want |
| 00:38:06 | 00:38:10 | someone to hold their hand they want |
| 00:38:07 | 00:38:12 | step-by-step guidance so that's where |
| 00:38:10 | 00:38:14 | taking a course comes in i'm not going |
| 00:38:12 | 00:38:16 | to sell you on any courses but i'm just |
| 00:38:14 | 00:38:19 | telling you why it's something to |
| 00:38:16 | 00:38:21 | consider just because you know you have |
| 00:38:19 | 00:38:24 | to make sure that you um |
| 00:38:21 | 00:38:26 | you're not closed-minded to the option |
| 00:38:24 | 00:38:28 | of taking a course because i know what |
| 00:38:26 | 00:38:30 | you can become that way when you see |
| 00:38:28 | 00:38:31 | everyone's trying to sell you a course |
| 00:38:30 | 00:38:33 | like |
| 00:38:31 | 00:38:35 | you know everyone on youtube seems to |
| 00:38:33 | 00:38:36 | have their own program that they want to |
| 00:38:35 | 00:38:37 | sell you on |
| 00:38:36 | 00:38:40 | but |
| 00:38:37 | 00:38:42 | there is a place for that and i took a |
| 00:38:40 | 00:38:44 | course to start my business and i can |
| 00:38:42 | 00:38:47 | sincerely say i don't know if i would |
| 00:38:44 | 00:38:50 | have had the success that i had had i |
| 00:38:47 | 00:38:51 | not taken a step-by-step program because |
| 00:38:50 | 00:38:53 | i didn't know what the hell i was doing |
| 00:38:51 | 00:38:55 | i needed that guidance |
| 00:38:53 | 00:38:57 | so if you're someone who needs that |
| 00:38:55 | 00:38:59 | guidance then that's going to be super |
| 00:38:57 | 00:39:01 | valuable for you that's what's going to |
| 00:38:59 | 00:39:03 | help you to create the success because |
| 00:39:01 | 00:39:05 | without it you might feel lost and you |
| 00:39:03 | 00:39:07 | might miss a lot of information that's |
| 00:39:05 | 00:39:10 | important to know i'll also say that if |
| 00:39:07 | 00:39:12 | you have less than twenty five hundred |
| 00:39:10 | 00:39:14 | dollars to invest in your business then |
| 00:39:12 | 00:39:17 | you may not want to start with the |
| 00:39:14 | 00:39:20 | private label model again i will link a |
| 00:39:17 | 00:39:22 | video in the description box for you |
| 00:39:20 | 00:39:24 | of different models of selling on amazon |
| 00:39:22 | 00:39:25 | there are different ways that you can |
| 00:39:24 | 00:39:27 | make money on amazon that are great |
| 00:39:25 | 00:39:29 | options |
| 00:39:27 | 00:39:31 | that just don't require as much |
| 00:39:29 | 00:39:33 | investment up front i don't want to see |
| 00:39:31 | 00:39:35 | anyone putting their life savings into |
| 00:39:33 | 00:39:38 | building a business |
| 00:39:35 | 00:39:40 | again because it's risky you can't you |
| 00:39:38 | 00:39:41 | got to be responsible with your money |
| 00:39:40 | 00:39:42 | especially if you have a family to |
| 00:39:41 | 00:39:45 | support |
| 00:39:42 | 00:39:46 | and so you want to make sure that you |
| 00:39:45 | 00:39:49 | are comfortable with what you are |
| 00:39:46 | 00:39:51 | investing into your business |
| 00:39:49 | 00:39:54 | now i would say if you want to build a |
| 00:39:51 | 00:39:56 | brand if you're set on building a brand |
| 00:39:54 | 00:39:57 | this is the best way to get started with |
| 00:39:56 | 00:39:58 | it |
| 00:39:57 | 00:40:00 | i |
| 00:39:58 | 00:40:02 | i think that the other models you might |
| 00:40:00 | 00:40:05 | not be as interested in or have as much |
| 00:40:02 | 00:40:06 | passion for i know personally for me i |
| 00:40:05 | 00:40:08 | was just drawn to this model because i |
| 00:40:06 | 00:40:10 | was really excited to create something |
| 00:40:08 | 00:40:12 | of my own to see other people using my |
| 00:40:10 | 00:40:14 | products and benefiting from my products |
| 00:40:12 | 00:40:17 | so you might actually |
| 00:40:14 | 00:40:19 | summon some passion in building this and |
| 00:40:17 | 00:40:20 | passion goes a long way passion can |
| 00:40:19 | 00:40:23 | really |
| 00:40:20 | 00:40:24 | help you to create a tremendous amount |
| 00:40:23 | 00:40:28 | of success because you're going to be |
| 00:40:24 | 00:40:29 | more willing to work harder invest time |
| 00:40:28 | 00:40:32 | and energy into your business when |
| 00:40:29 | 00:40:35 | you're truly passionate about it |
| 00:40:32 | 00:40:37 | if you want to invent something new then |
| 00:40:35 | 00:40:39 | this is not the right model for you so |
| 00:40:37 | 00:40:41 | if you are an inventor if you have a |
| 00:40:39 | 00:40:43 | product that you've invented then |
| 00:40:41 | 00:40:44 | private labeling is not the right model |
| 00:40:43 | 00:40:46 | and i don't even know if selling on |
| 00:40:44 | 00:40:48 | amazon is is probably better off selling |
| 00:40:46 | 00:40:50 | on your own website because when you're |
| 00:40:48 | 00:40:52 | selling on amazon you never want to be |
| 00:40:50 | 00:40:54 | introducing something new to the |
| 00:40:52 | 00:40:56 | marketplace |
| 00:40:54 | 00:40:59 | because that requires educating people |
| 00:40:56 | 00:41:02 | and educating people on a new product or |
| 00:40:59 | 00:41:05 | service is extremely costly you have to |
| 00:41:02 | 00:41:07 | spend tens of thousands of dollars in |
| 00:41:05 | 00:41:09 | marketing just to teach people what the |
| 00:41:07 | 00:41:11 | hell your product is |
| 00:41:09 | 00:41:12 | and amazon's not the place to do that on |
| 00:41:11 | 00:41:14 | amazon you just want to sell products |
| 00:41:12 | 00:41:16 | that people are already searching for |
| 00:41:14 | 00:41:17 | because if they are not searching for |
| 00:41:16 | 00:41:18 | your product because they don't know |
| 00:41:17 | 00:41:20 | what it is it's a brand new product |
| 00:41:18 | 00:41:22 | they're never going to find it and the |
| 00:41:20 | 00:41:24 | way amazon works is there are certain |
| 00:41:22 | 00:41:26 | keywords that people are searching for |
| 00:41:24 | 00:41:29 | and that's how your product shows up |
| 00:41:26 | 00:41:31 | it's a search engine just like google |
| 00:41:29 | 00:41:32 | so if you want to invent something then |
| 00:41:31 | 00:41:35 | it might not be the best fit for you |
| 00:41:32 | 00:41:37 | alright so that wraps up this video was |
| 00:41:35 | 00:41:39 | a bit longer than i hoped for but |
| 00:41:37 | 00:41:41 | hopefully you guys got value from this |
| 00:41:39 | 00:41:44 | um again you know you do have to be |
| 00:41:41 | 00:41:44 | aware as you enter this space that there |
| 00:41:44 | 00:41:47 | are |
| 00:41:44 | 00:41:50 | a lot of phonies out there there are a |
| 00:41:47 | 00:41:52 | lot of people who um you know they make |
| 00:41:50 | 00:41:54 | more money teaching you or selling you a |
| 00:41:52 | 00:41:56 | course then they actually do selling |
| 00:41:54 | 00:41:58 | their own products so not everyone is |
| 00:41:56 | 00:41:59 | you know there's some people that yeah |
| 00:41:58 | 00:42:01 | they might make less money selling their |
| 00:41:59 | 00:42:04 | own products but the advice that they |
| 00:42:01 | 00:42:06 | have to give you is super valuable |
| 00:42:04 | 00:42:08 | but you just you know do your own |
| 00:42:06 | 00:42:10 | research do your own due diligence be |
| 00:42:08 | 00:42:13 | careful who you follow and who you take |
| 00:42:10 | 00:42:17 | advice from and um and just do the best |
| 00:42:13 | 00:42:19 | you can and give it a try so um if you |
| 00:42:17 | 00:42:22 | need some help getting started i have a |
| 00:42:19 | 00:42:24 | free four-part video series training |
| 00:42:22 | 00:42:26 | it's not a course you're not buying |
| 00:42:24 | 00:42:28 | anything no credit card required you |
| 00:42:26 | 00:42:32 | simply go to tatianajames.com |
| 00:42:28 | 00:42:34 | fba or click the link in the description |
| 00:42:32 | 00:42:36 | and you just give me your email and i |
| 00:42:34 | 00:42:39 | will send to your inbox |
| 00:42:36 | 00:42:42 | for videos and in these four videos |
| 00:42:39 | 00:42:45 | video number one i take you step by step |
| 00:42:42 | 00:42:48 | by step on building your amazon business |
| 00:42:45 | 00:42:50 | and or is that video too i'm not sure |
| 00:42:48 | 00:42:52 | but there are four videos all of them |
| 00:42:50 | 00:42:54 | will be very powerful for you if you are |
| 00:42:52 | 00:42:55 | a beginner and you need some guidance |
| 00:42:54 | 00:42:59 | and from that point forward you're going |
| 00:42:55 | 00:43:00 | to have a lot more clarity on what to do |
| 00:42:59 | 00:43:02 | moving forward |
| 00:43:00 | 00:43:03 | so thank you guys for watching let me |
| 00:43:02 | 00:43:07 | know if you have any questions in the |
| 00:43:03 | 00:43:09 | comment box let me know what you um what |
| 00:43:07 | 00:43:11 | value you received from the video and if |
| 00:43:09 | 00:43:12 | you have any video suggestions for me in |
| 00:43:11 | 00:43:15 | the future |
| 00:43:12 | 00:43:17 | thank you guys and i'll see you next |
| 00:43:15 | 00:43:17 | time bye |
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