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How To Make $20,000 In A Month Private Labeling A TRENDY Product On Amazon FBA

Published on: November 30 2022 by Carter Maxwell

How To Make $20,000 In A Month Private Labeling A TRENDY Product On Amazon FBA

How To Make $20,000 In A Month Private Labeling A TRENDY Product On Amazon FBA

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00:00:00 00:00:04 what's up everyone Carter Maxwell here
00:00:02 00:00:06 the high school hustler and in this
00:00:04 00:00:09 video I'll be going over how you can
00:00:06 00:00:12 make twenty thousand dollars in one
00:00:09 00:00:15 month selling a trendy private label
00:00:12 00:00:17 product on Amazon FBA you know if you
00:00:15 00:00:20 guys are interested in creating your own
00:00:17 00:00:22 online e-commerce business to make money
00:00:20 00:00:24 while you sleep and this is the chanter
00:00:22 00:00:26 for you so go ahead and hit that
00:00:24 00:00:28 subscribe button guys before you even
00:00:26 00:00:31 get to the video let me know let me know
00:00:28 00:00:32 how you did this q4 or how you're doing
00:00:31 00:00:35 this q4 how your sales are looking
00:00:32 00:00:37 compared to last year sales or earlier
00:00:35 00:00:39 last month sales and let me know how
00:00:37 00:00:40 this q4 went for you guys it's going
00:00:39 00:00:43 great for me skills
00:00:40 00:00:45 absolutely skyrocketing and there's lots
00:00:43 00:00:46 of money being put back in my bank
00:00:45 00:00:49 account so I'm super excited hope you
00:00:46 00:00:50 guys are killing it as well and keep me
00:00:49 00:00:51 updated let me know in the comments how
00:00:50 00:00:53 you guys did
00:00:51 00:00:54 alright so set aside for me trying to
00:00:53 00:00:56 say something cool about the t-shirt
00:00:54 00:00:58 that I'm wearing the reason I am
00:00:56 00:01:01 creating this video is because I want to
00:00:58 00:01:03 let you guys know that you can make an
00:01:01 00:01:06 absolute killing when it comes to
00:01:03 00:01:09 selling trendy private-label products on
00:01:06 00:01:11 Amazon FBA I'm gonna be sharing my story
00:01:09 00:01:13 when it actually came to selling a
00:01:11 00:01:15 private-label product and I will let you
00:01:13 00:01:17 know what exactly that product is and
00:01:15 00:01:19 how one month I was able to do over
00:01:17 00:01:22 twenty five thousand dollars in sales
00:01:19 00:01:24 from that one product so let's get right
00:01:22 00:01:27 into it so like I mentioned earlier I'm
00:01:24 00:01:29 gonna kind of break down my story into
00:01:27 00:01:31 four main components the first one being
00:01:29 00:01:34 the product that I was selling the
00:01:31 00:01:36 second being the process that it took to
00:01:34 00:01:38 actually sell a trendy product the third
00:01:36 00:01:40 being the outcome from song that trendy
00:01:38 00:01:42 product and the fourth being the
00:01:40 00:01:44 mistakes that I had made and hopefully I
00:01:42 00:01:46 can help you guys not making the future
00:01:44 00:01:48 if you do decide it's selling a trendy
00:01:46 00:01:50 product so make sure you watch this
00:01:48 00:01:51 whole video it's gonna go super in-depth
00:01:50 00:01:54 so let's get straight into it the first
00:01:51 00:01:55 toking point I'll be going over is the
00:01:54 00:01:57 product now I wish I had a cool drum
00:01:55 00:01:59 roll and I knew how to edit videos but I
00:01:57 00:02:00 don't know how to do any of that so I'm
00:01:59 00:02:02 just gonna announce the product the
00:02:00 00:02:05 trendy product that I sold probably
00:02:02 00:02:07 heard of it fidget spinners now there's
00:02:05 00:02:10 so many different online sellers that
00:02:07 00:02:12 had different opinions about fidget
00:02:10 00:02:13 spinners and just selling trendy
00:02:12 00:02:15 products in general so I'm just going to
00:02:13 00:02:18 kind of go over that and what my
00:02:15 00:02:20 personal opinion is so if you listen to
00:02:18 00:02:21 different online sellers of me Amazon
00:02:20 00:02:23 Shopify you're always going to hear
00:02:21 00:02:26 different opinions when it comes to
00:02:23 00:02:28 selling sees no trendy products now for
00:02:26 00:02:30 instance a fidget spinner obviously
00:02:28 00:02:32 you're only going to be able to sell
00:02:30 00:02:34 that product for like a certain period
00:02:32 00:02:36 of time around that peak time obviously
00:02:34 00:02:38 to where you can make the most amount of
00:02:36 00:02:40 money now the sellers that are a little
00:02:38 00:02:41 bit more stable and like those products
00:02:40 00:02:44 that sell consistently year-round
00:02:41 00:02:46 training products seasonal products are
00:02:44 00:02:48 not for them because if they're if it's
00:02:46 00:02:49 like trendy during this month next month
00:02:48 00:02:51 is probably gonna go down a little bit
00:02:49 00:02:53 down to where like doesn't sell at all
00:02:51 00:02:55 now for the risk takers that people like
00:02:53 00:02:57 to go big or go home
00:02:55 00:02:58 trendy products are literally everything
00:02:57 00:02:59 for them because they're putting in all
00:02:58 00:03:01 their money they're putting all their
00:02:59 00:03:03 time and effort to this product to be
00:03:01 00:03:05 able to make sales and kill it while
00:03:03 00:03:07 it's still peaking and then hopefully
00:03:05 00:03:09 they'll be able to sell out that product
00:03:07 00:03:12 make as much money as they can as it
00:03:09 00:03:14 slowly declines now just a little bit
00:03:12 00:03:16 about my backstory but I was probably
00:03:14 00:03:17 one of the first three they're probably
00:03:16 00:03:20 five or six hundred people would
00:03:17 00:03:22 actually start selling fidget spinners
00:03:20 00:03:25 on Amazon so I hopped on the trend
00:03:22 00:03:27 fairly quickly now at that time I didn't
00:03:25 00:03:28 know how popular this was I just kind of
00:03:27 00:03:31 made a test ordered I think my test
00:03:28 00:03:33 order was I don't know around 250 to 300
00:03:31 00:03:35 units around three to four dollars
00:03:33 00:03:36 apiece per unit I was just kind of
00:03:35 00:03:39 throwing up on Amazon like all right see
00:03:36 00:03:41 what happens and then things took off
00:03:39 00:03:43 after making that order I'm gonna get
00:03:41 00:03:45 into the second toking point the
00:03:43 00:03:47 process of selling a trendy product so
00:03:45 00:03:50 like I mentioned earlier I placed an
00:03:47 00:03:52 order of around 250 300 units for about
00:03:50 00:03:54 three dollars apiece for the fidgets
00:03:52 00:03:56 spinners once I checked him in Amazon
00:03:54 00:03:58 they sold pretty consistently around 15
00:03:56 00:04:00 to 20 a day and I was like hey these are
00:03:58 00:04:02 so on I'm gonna go back and place an
00:04:00 00:04:04 even larger order and the order was
00:04:02 00:04:07 probably double so instead of 250 spin
00:04:04 00:04:10 suspenders I think it was around 750 so
00:04:07 00:04:12 I kind of tripled my original order and
00:04:10 00:04:15 I got him back up to Amazon and they
00:04:12 00:04:17 sold even faster and sounds like him I
00:04:15 00:04:18 would make him even a bigger order it's
00:04:17 00:04:22 probably around $1500 I've probably
00:04:18 00:04:24 dropped 5 or 6 grand on fidget spinners
00:04:22 00:04:27 for my listing got him back in stok
00:04:24 00:04:32 they sold even faster before I knew
00:04:27 00:04:35 I had two back-to-back $4000 days
00:04:32 00:04:36 selling one product fidgets benders now
00:04:35 00:04:39 think of that
00:04:36 00:04:41 how much would $4,000 in one day change
00:04:39 00:04:43 your life now I'm not here to brag I
00:04:41 00:04:45 don't I don't care what you guys think I
00:04:43 00:04:48 just want to let you know this is like
00:04:45 00:04:50 purely motivational 4,000 dollars a day
00:04:48 00:04:52 obviously not all that was profit I
00:04:50 00:04:54 think my margins were pretty pretty good
00:04:52 00:04:56 they were like 50 to 60 percent set up
00:04:54 00:04:57 that four thousand my profit margins
00:04:56 00:05:01 running in front way anywhere from like
00:04:57 00:05:03 2000 to 2500 for that day now that was
00:05:01 00:05:05 at the peak peak time when sales were
00:05:03 00:05:07 just absolutely insane any pitches
00:05:05 00:05:08 spinning threw up on Amazon would sell
00:05:07 00:05:10 immediately I mean I was buying these
00:05:08 00:05:12 fidgets spinners for as low as like $2
00:05:10 00:05:14 per fitness mentor and I was making $8
00:05:12 00:05:17 in profit so my margins were just
00:05:14 00:05:22 absolutely insane at one point and then
00:05:17 00:05:24 I decided to wire in $18,000 payment to
00:05:22 00:05:27 China for the biggest order I've ever
00:05:24 00:05:29 made in my whole entire life
00:05:27 00:05:33 that leads me into the third toking
00:05:29 00:05:35 point the aftermath of selling vigeous
00:05:33 00:05:37 benders now let me just continue and
00:05:35 00:05:39 finish my story of where I left off so I
00:05:37 00:05:43 just left you on the cliffhanger of me
00:05:39 00:05:47 sending an $18,000 wire to some person
00:05:43 00:05:48 in China now I did not get scammed if
00:05:47 00:05:50 that's what you were thinking I still
00:05:48 00:05:53 got all the spinners but what happened
00:05:50 00:05:56 is after I placed this $18,000 order I
00:05:53 00:05:58 was out of stok on every single one of
00:05:56 00:06:00 my vigeous spinner listing so I had
00:05:58 00:06:02 nothing in stok and so my BSR is
00:06:00 00:06:04 absolutely skyrocketing and when your BS
00:06:02 00:06:06 r goes up that means you're not making
00:06:04 00:06:08 sales that means you're dropping farther
00:06:06 00:06:11 back in the rankings on Amazon which is
00:06:08 00:06:13 definitely not a good thing and with
00:06:11 00:06:15 placing such a large order in with the
00:06:13 00:06:17 supplier taking other large orders from
00:06:15 00:06:18 everyone else I was selling food to
00:06:17 00:06:20 spenders guess what people were
00:06:18 00:06:22 realizing is the next product everyone
00:06:20 00:06:26 was hopping into and so my supplier was
00:06:22 00:06:28 being just just plays with like giant
00:06:26 00:06:30 giant orders of spinners and so
00:06:28 00:06:31 mine was just far back and it took I
00:06:30 00:06:33 think two weeks two and a half weeks
00:06:31 00:06:35 then they finished the production and
00:06:33 00:06:36 then after they finished the production
00:06:35 00:06:37 that is shipped to my house and then I
00:06:36 00:06:39 had the processing about my house and
00:06:37 00:06:41 then ship them back to Amazon where it
00:06:39 00:06:44 took another week from the skin
00:06:41 00:06:47 and by the time they scanned in so much
00:06:44 00:06:49 competition had come onto Amazon that my
00:06:47 00:06:51 ranking wherever I have for the keywords
00:06:49 00:06:52 I was ranking forward just absolutely
00:06:51 00:06:54 gone there's all these new sellers that
00:06:52 00:06:57 were coming on and I was never able to
00:06:54 00:06:59 get back to that velocity that I had at
00:06:57 00:07:03 that peak time now don't get me wrong I
00:06:59 00:07:05 still made a lot of money selling fidget
00:07:03 00:07:08 spinners although on that last order I
00:07:05 00:07:10 ended up losing quite a bit of money
00:07:08 00:07:12 I'll keep that disclosed but I did end
00:07:10 00:07:13 up losing a lot of money on that last
00:07:12 00:07:15 order there's some times I had to
00:07:13 00:07:17 liquidate to fidget spinners I had to
00:07:15 00:07:18 order some back to my health and sell
00:07:17 00:07:20 them on Craigslist use different deal
00:07:18 00:07:23 sites just so I could try to make my
00:07:20 00:07:26 money back if not a small loss but now
00:07:23 00:07:28 to the fourth toking point what did I
00:07:26 00:07:29 learn from selling a trendy product on
00:07:28 00:07:31 Amazon
00:07:29 00:07:33 well first off I learned that if you
00:07:31 00:07:34 take advantage and you hop on to a
00:07:33 00:07:37 trendy product before it hits its peak
00:07:34 00:07:40 time you can make an absolute killing
00:07:37 00:07:42 selling them on Amazon I also learned
00:07:40 00:07:45 that if you hop on a trendy product too
00:07:42 00:07:47 late placed too big of an order and
00:07:45 00:07:49 aren't experienced when it comes to
00:07:47 00:07:52 selling trendy products you can lose a
00:07:49 00:07:54 lot of money in the backend when that
00:07:52 00:07:56 product has stopped selling when it's
00:07:54 00:07:59 not at his peak time and that trend is
00:07:56 00:08:01 starting to die off now everyone asked
00:07:59 00:08:03 me if you had the chance to take it back
00:08:01 00:08:05 would you still have sold those fidgets
00:08:03 00:08:07 spinners or would you said no my answer
00:08:05 00:08:08 is yes I wish I would have went even
00:08:07 00:08:11 harder into the fidgets spinners if I
00:08:08 00:08:12 knew how often and how well they were
00:08:11 00:08:15 gonna sell and I wish I would have had a
00:08:12 00:08:17 better exit strategy but me never ever
00:08:15 00:08:18 selling a trendy product before I didn't
00:08:17 00:08:20 know how to personally eggs I didn't
00:08:18 00:08:22 know how to be able to save my butt by
00:08:20 00:08:24 not placing a giant order when it was
00:08:22 00:08:26 still peak time on that product and now
00:08:24 00:08:28 that I learned for the next trendy
00:08:26 00:08:30 product I'm still gonna ride the way but
00:08:28 00:08:32 I'm gonna have a better exit strategy to
00:08:30 00:08:34 where I don't lose a lot of money when
00:08:32 00:08:36 that trend starts to die off now for
00:08:34 00:08:39 those of you that are interested in how
00:08:36 00:08:42 I currently make my full-time living up
00:08:39 00:08:44 to $25,000 months selling private-label
00:08:42 00:08:46 products on Amazon make sure you click
00:08:44 00:08:48 the first link in the description of
00:08:46 00:08:50 this video and check out my course
00:08:48 00:08:53 anyways guys that is it for this video
00:08:50 00:08:54 on how you can make twenty to thirty to
00:08:53 00:08:57 forty thousand
00:08:54 00:09:00 in one month private labeling a trendy
00:08:57 00:09:01 product on Amazon FBA if you guys
00:09:00 00:09:03 enjoyed this video
00:09:01 00:09:05 please feel free to comment below with
00:09:03 00:09:08 any questions and/or video ideas you'd
00:09:05 00:09:09 like to see in the future also don't
00:09:08 00:09:11 forget to Like and subscribe as I'm
00:09:09 00:09:14 always giving away different tips and
00:09:11 00:09:16 tricks on how to make money online and
00:09:14 00:09:18 on that note I'll see you guys next
00:09:16 00:09:18 video