How To Make $5,000,000 From Selling A $.10 Product On Amazon

Published on: November 30 2022 by Carter Maxwell

How To Make $5,000,000 From Selling A $.10 Product On Amazon

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How To Make $5,000,000 From Selling A $.10 Product On Amazon

How To Make $5,000,000 From Selling A $.10 Product On Amazon

startTime	durationTime	text
00:00:00	00:00:04	what's up guys in this video I'll be
00:00:01	00:00:06	going over how to make five million
00:00:04	00:00:08	dollars from selling a 10-cent product
00:00:06	00:00:10	on Amazon so if you don't know me
00:00:08	00:00:13	already my name is Carter Maxwell I'm a
00:00:10	00:00:14	17 year old entrepreneur and I go by the
00:00:13	00:00:16	nickname of the high school hustler and
00:00:14	00:00:18	if you're trying to create an online
00:00:16	00:00:19	business to make money while you sleep
00:00:18	00:00:21	then this is the chanter fuse to go
00:00:19	00:00:23	ahead and hit that subscribe button so
00:00:21	00:00:24	unless you've been living under a rock
00:00:23	00:00:26	lately you've probably heard about the
00:00:24	00:00:30	solar eclipse that will be taking place
00:00:26	00:00:32	on August 21st 2017 and at the time you
00:00:30	00:00:34	might be viewing this video the solar
00:00:32	00:00:36	eclipse might have already passed but
00:00:34	00:00:39	still what I'll be showing you in this
00:00:36	00:00:41	view is exactly how this cellar and how
00:00:39	00:00:44	you becoming a future Amazon seller can
00:00:41	00:00:47	make a killing selling trendy products
00:00:44	00:00:49	on Amazon so let me show you exactly
00:00:47	00:00:51	where I got this five million dollar
00:00:49	00:00:53	evaluation from within this segment I'm
00:00:51	00:00:54	going to show you exactly how I got this
00:00:53	00:00:57	five million dollar evaluation and how
00:00:54	00:00:59	you as a future or present Amazon seller
00:00:57	00:01:01	can make a killing while assembling
00:00:59	00:01:04	trendy products so let's go ahead and
00:01:01	00:01:08	research the product that we will be
00:01:04	00:01:12	evaluating so the product is solar
00:01:08	00:01:14	eclipse glasses now guys I'm going to go
00:01:12	00:01:16	over this earlier and actually read an
00:01:14	00:01:18	artikle earlier today these have all
00:01:16	00:01:21	been recalled except for very few
00:01:18	00:01:23	sellers have actually provided the
00:01:21	00:01:26	correct information to then have the
00:01:23	00:01:28	safety requirements to actually so you
00:01:26	00:01:31	can see safety requirements for solar
00:01:28	00:01:34	viewing safety requirements for all
00:01:31	00:01:36	filters all blah blah so basically there
00:01:34	00:01:38	were tons and tons of sellers that were
00:01:36	00:01:41	selling not counterfeit but basically
00:01:38	00:01:43	just low-quality sunglasses and what
00:01:41	00:01:44	Amazon doesn't want is people going and
00:01:43	00:01:47	using these sunglasses for the Eclipse
00:01:44	00:01:50	and possibly getting blinded or injuring
00:01:47	00:01:52	themselves so set aside from the safety
00:01:50	00:01:55	requirements I'm actually going to go
00:01:52	00:01:58	over a seller who has taken advantage of
00:01:55	00:01:59	this trendy product and what I'm just
00:01:58	00:02:01	basically going to do is pull down my
00:01:59	00:02:03	jungle Scout Chrome extension you can
00:02:01	00:02:06	actually click link in my description to
00:02:03	00:02:09	view this and basically this extension
00:02:06	00:02:11	it's actually a one-time cost and what
00:02:09	00:02:12	you can do is you can run it and for
00:02:11	00:02:13	whatever keyword that you search for
00:02:12	00:02:15	instance we
00:02:13	00:02:17	searched solar eclipse glasses it's
00:02:15	00:02:20	going to pull down a small database of
00:02:17	00:02:21	anywhere from 15 to 20 products that go
00:02:20	00:02:23	under that keyboard and it's going to
00:02:21	00:02:27	pull up just kind of the product itself
00:02:23	00:02:30	the brand the price the estimated sales
00:02:27	00:02:31	estimated revenue in some other really
00:02:30	00:02:33	key data as well
00:02:31	00:02:37	now for instance you probably see all
00:02:33	00:02:39	these I looking the logos and the reason
00:02:37	00:02:40	the data isn't coming up for most of
00:02:39	00:02:42	these listings it's because they're
00:02:40	00:02:45	actually sold out so there's no there's
00:02:42	00:02:47	no selling there's no price for Amazon -
00:02:45	00:02:49	actually there's no price for General
00:02:47	00:02:51	Scott actually pull down the data for
00:02:49	00:02:54	this listing so I actually have very few
00:02:51	00:02:56	listings to actually pull data down from
00:02:54	00:02:59	but if you can see the main portion of
00:02:56	00:03:00	them is from this company American paper
00:02:59	00:03:03	optiks I'm actually going to go into
00:03:00	00:03:05	this company and show you exactly where
00:03:03	00:03:08	I got this five million dollar plus
00:03:05	00:03:11	evaluation from so first off first off
00:03:08	00:03:13	you can see that this is a three pack of
00:03:11	00:03:14	these Eclipse glasses and look at these
00:03:13	00:03:16	they don't even look that high-quality
00:03:14	00:03:19	took like the glasses that you get for a
00:03:16	00:03:20	3d movie when you go to the movie there
00:03:19	00:03:22	they're just crap the cops like under a
00:03:20	00:03:26	dollar and you just throw them away when
00:03:22	00:03:27	you're done a three pack for $300 you're
00:03:26	00:03:30	telling me people are spending basically
00:03:27	00:03:33	$100 per pair of sunglasses
00:03:30	00:03:34	that's disgusting it's mind blowing so
00:03:33	00:03:37	I'm actually going to go into their
00:03:34	00:03:39	profile and once you're in the profile
00:03:37	00:03:42	you can then see they have 47 results
00:03:39	00:03:44	for their companies so they have 47
00:03:42	00:03:47	individual listings selling these solar
00:03:44	00:03:49	eclipse sunglasses so I'm actually going
00:03:47	00:03:51	to pull down the jungle Scout Chrome
00:03:49	00:03:55	extension again and pull down the basic
00:03:51	00:03:56	database for their profile so I'm
00:03:55	00:03:59	already did this ahead of time and
00:03:56	00:04:01	unfortunately only about four or five
00:03:59	00:04:04	listings actually can pull up the full
00:04:01	00:04:07	amount of data and you can see look at
00:04:04	00:04:10	these top two listings look at the
00:04:07	00:04:13	numbers on those two listings 1.5
00:04:10	00:04:14	million 1.7 million you come down here
00:04:13	00:04:17	there's another one three hundred
00:04:14	00:04:19	thousand six hundred thirty seven
00:04:17	00:04:22	thousand two hundred thousand I mean
00:04:19	00:04:23	those are just some crazy crazy numbers
00:04:22	00:04:26	and that's all just because this product
00:04:23	00:04:27	is super trendy and not many people are
00:04:26	00:04:29	or so
00:04:27	00:04:32	as of now in their extremely cheap to
00:04:29	00:04:34	source look at this $300 sales price 160
00:04:32	00:04:37	but you can click on them look you can
00:04:34	00:04:40	see this one's a three pack mage this
00:04:37	00:04:42	crazy $300 1.78 million dollars in
00:04:40	00:04:45	revenue so basically I just added up
00:04:42	00:04:47	their five listing to actually have a
00:04:45	00:04:51	database pulled up for and it's well
00:04:47	00:04:52	over five million dollars in sales which
00:04:51	00:04:55	is just absolutely mind-blowing and
00:04:52	00:04:57	think about these ones this listing just
00:04:55	00:04:59	about the same sales rank those are
00:04:57	00:05:02	probably another million dollar sales in
00:04:59	00:05:05	revenue and remember guys this estimated
00:05:02	00:05:07	revenue is for a 30 dayss for the month
00:05:05	00:05:09	so jungle Scott is pulling down all this
00:05:07	00:05:13	data and estimating it for the month so
00:05:09	00:05:14	they're doing over five million dollars
00:05:13	00:05:16	a month obviously this is a trendy
00:05:14	00:05:18	product and it's going to die off so for
00:05:16	00:05:21	the past couple months they've been
00:05:18	00:05:22	making this serious amount of income so
00:05:21	00:05:25	you're probably wondering out of this
00:05:22	00:05:27	five million dollars in sales about how
00:05:25	00:05:29	much is profit and I can tell you it's
00:05:27	00:05:32	probably like 80 percent I mean these
00:05:29	00:05:33	things are extremely cheap so let's
00:05:32	00:05:36	actually go to Alibaba where they are
00:05:33	00:05:38	most likely sourcing this solar eclipse
00:05:36	00:05:41	glasses and for those of you that were
00:05:38	00:05:44	wondering if my title is clickbait it is
00:05:41	00:05:46	not look at this two cents to five cents
00:05:44	00:05:49	if you order 5,000 pieces this companies
00:05:46	00:05:51	probably will ordered 50,000 to 100,000
00:05:49	00:05:53	pieces and is probably most likely
00:05:51	00:05:55	getting them from 4 to 5 cents well
00:05:53	00:05:56	obviously if I put that in the title no
00:05:55	00:05:58	one would believe me but they're
00:05:56	00:06:01	definitely getting them for under 10
00:05:58	00:06:03	cents but let's just say they're getting
00:06:01	00:06:05	them for 10 cents and they're selling
00:06:03	00:06:08	them for the prices they have on here
00:06:05	00:06:13	listed a 3-pack of solar eclipse glasses
00:06:08	00:06:15	they're selling for $300 $300 look at
00:06:13	00:06:17	that and there if you can get it for 10
00:06:15	00:06:22	cents apiece they have a 30 cent buy
00:06:17	00:06:25	cost that they are selling for $300 so
00:06:22	00:06:27	those margins are just absolutely insane
00:06:25	00:06:30	absolutely insane
00:06:27	00:06:33	just look at this they've sold five
00:06:30	00:06:36	thousand nine hundred and sixty-five
00:06:33	00:06:38	sales on that one listing for this three
00:06:36	00:06:41	hundred dollar price and thereby cost
00:06:38	00:06:45	was 30 cents so this
00:06:41	00:06:48	just a pure crazy-cool example of how
00:06:45	00:06:51	you can hop on trends in the last trend
00:06:48	00:06:52	was actually fidget spinners okay and
00:06:51	00:06:54	fidget spinners people hopped on that
00:06:52	00:06:56	like crazy and we're selling them and
00:06:54	00:06:58	they slowly died off over time and this
00:06:56	00:07:00	is definitely the next biggest trend and
00:06:58	00:07:02	the reason these sales are at this fight
00:07:00	00:07:04	that they are right now is because
00:07:02	00:07:06	within the next week of me recording
00:07:04	00:07:08	this video the solar eclipse is actually
00:07:06	00:07:10	going to take place if that's why people
00:07:08	00:07:11	are just buying these like crazy but if
00:07:10	00:07:13	you were to be one of these early
00:07:11	00:07:15	sellers we could have hopped on this
00:07:13	00:07:16	trend a month two months ago right when
00:07:15	00:07:19	it serves to launch you can make
00:07:16	00:07:20	absolute killing and same thing on eBay
00:07:19	00:07:22	I mean you could probably sell these on
00:07:20	00:07:24	eBay as well but I just thought I'd go
00:07:22	00:07:27	over this video and just show you that
00:07:24	00:07:29	like the opportunities are there I mean
00:07:27	00:07:32	this seller out of the five listing that
00:07:29	00:07:34	they pulled data for and they have 40 47
00:07:32	00:07:37	listings on their account five of them
00:07:34	00:07:38	they're doing over five million dollars
00:07:37	00:07:41	combined in sales which is just
00:07:38	00:07:43	absolutely mind-blowing I mean this is
00:07:41	00:07:45	all then this is a 30 day estimate 30
00:07:43	00:07:48	days for a month five million dollars a
00:07:45	00:07:51	month that's a 30 day estimate so I
00:07:48	00:07:54	stuff that was really cool and yet again
00:07:51	00:07:57	they're getting these for 10 cents
00:07:54	00:07:58	apiece and this is just all because it's
00:07:57	00:08:01	a super trendy product and they're
00:07:58	00:08:03	taking advantage okay they're taking
00:08:01	00:08:04	advantage of trends and people that are
00:08:03	00:08:08	looking to buy stuff looking to buy it
00:08:04	00:08:10	now today right now so guys I hope you
00:08:08	00:08:12	enjoyed this video please feel free to
00:08:10	00:08:14	comment below with any questions and/or
00:08:12	00:08:15	video ideas you'd like to see in the
00:08:14	00:08:17	future also don't forget to Like and
00:08:15	00:08:19	subscribe as I'm always giving away
00:08:17	00:08:21	different tips and tricks on how to make
00:08:19	00:08:24	money online and not note I'll see you
00:08:21	00:08:24	guys next video

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