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How To Sell On Amazon With No Money

Published on: December 2 2022 by Tatiana James

How To Sell On Amazon With No Money

How To Sell On Amazon With No Money

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00:00:00 00:00:03 how do you start an amazon fba business
00:00:02 00:00:07 with no
00:00:03 00:00:09 money the answer is you can't
00:00:07 00:00:11 starting an amazon business is just like
00:00:09 00:00:14 starting any other business
00:00:11 00:00:16 it requires an upfront investment an
00:00:14 00:00:17 amazon business means that you're
00:00:16 00:00:19 selling products
00:00:17 00:00:21 to customers and if you're selling with
00:00:19 00:00:23 fba fulfilled by amazon
00:00:21 00:00:24 and your private labeling products that
00:00:23 00:00:25 means that you're going to go and have
00:00:24 00:00:28 to
00:00:25 00:00:30 pay money up front for that inventory
00:00:28 00:00:32 how much that inventory cost will depend
00:00:30 00:00:34 on the products you choose to sell in
00:00:32 00:00:35 other variables
00:00:34 00:00:37 it could be anywhere from five hundred
00:00:35 00:00:39 bucks to you know maybe two thousand
00:00:37 00:00:41 dollars or three thousand dollars it
00:00:39 00:00:43 depends on many different factors
00:00:41 00:00:46 you also have to include the expenses of
00:00:43 00:00:49 shipping and warehousing and
00:00:46 00:00:50 you know fba and marketing your products
00:00:49 00:00:52 making sure that
00:00:50 00:00:55 you know you can reach a wider audience
00:00:52 00:00:56 so there are expenses involved
00:00:55 00:00:58 in starting this business just like
00:00:56 00:00:59 there are expenses involved in starting
00:00:58 00:01:02 any other business
00:00:59 00:01:03 if i were to come up to you and i'd say
00:01:02 00:01:04 hey you know i'm thinking about opening
00:01:03 00:01:05 up a corner store at the end of this
00:01:04 00:01:07 block
00:01:05 00:01:08 but you know i don't have any money to
00:01:07 00:01:11 to invest into it
00:01:08 00:01:12 but you would think i'm crazy because of
00:01:11 00:01:14 course it's going to require an
00:01:12 00:01:16 investment it's a business
00:01:14 00:01:18 you know you've got to invest something
00:01:16 00:01:20 and so if you're in the situation right
00:01:18 00:01:23 now where you're watching this video
00:01:20 00:01:26 because you know you see the benefits of
00:01:23 00:01:26 selling on amazon the the what it can
00:01:26 00:01:29 provide
00:01:26 00:01:32 for you such as you know the freedom the
00:01:29 00:01:35 ability to earn your financial freedom
00:01:32 00:01:36 the ability to be mobile and to not have
00:01:35 00:01:38 to work for someone else there are a lot
00:01:36 00:01:39 of benefits i understand why it's very
00:01:38 00:01:40 attractive
00:01:39 00:01:43 and so i don't want you to be
00:01:40 00:01:44 disappointed right now from this message
00:01:43 00:01:48 because you have options
00:01:44 00:01:49 you know number one is well you could
00:01:48 00:01:51 you could wait
00:01:49 00:01:53 and you could just spend this time right
00:01:51 00:01:55 now to start saving money
00:01:53 00:01:56 so that you can later invest that into
00:01:55 00:01:58 your amazon business
00:01:56 00:02:00 you could maybe get a second job or even
00:01:58 00:02:02 a third job so you can make extra money
00:02:00 00:02:04 to put it aside
00:02:02 00:02:06 to invest in your business you know you
00:02:04 00:02:08 don't want to invest all of your savings
00:02:06 00:02:10 into your business so that's very risky
00:02:08 00:02:12 starting a business comes at a risk and
00:02:10 00:02:15 so if you're investing your life savings
00:02:12 00:02:17 that's not my recommendation you know
00:02:15 00:02:20 you have to have a separate pot of money
00:02:17 00:02:22 that is meant for investing and your
00:02:20 00:02:23 business starting a business is an
00:02:22 00:02:26 investment
00:02:23 00:02:27 and so you know get a second job maybe a
00:02:26 00:02:28 third job maybe pick up some uber
00:02:27 00:02:30 driving
00:02:28 00:02:31 or delivery service something you can do
00:02:30 00:02:33 after work
00:02:31 00:02:35 on your own hours find ways to make some
00:02:33 00:02:37 extra cash so you can later invest it
00:02:35 00:02:38 the second option is that you could
00:02:37 00:02:39 consider how you could start this
00:02:38 00:02:42 business with
00:02:39 00:02:44 less money meaning ordering uh
00:02:42 00:02:46 you know picking a product that's a lot
00:02:44 00:02:48 less expensive you know maybe
00:02:46 00:02:50 you know my first product that i sold on
00:02:48 00:02:52 amazon was 20 cents a unit
00:02:50 00:02:54 um you know i didn't make much profit
00:02:52 00:02:56 with it but if you just want to
00:02:54 00:02:58 learn from the experience of selling on
00:02:56 00:02:59 amazon make a little bit of money so
00:02:58 00:03:01 that you can invest more
00:02:59 00:03:02 in the future then that could be an
00:03:01 00:03:03 option for you as well so you just have
00:03:02 00:03:05 to get a bit more creative you're gonna
00:03:03 00:03:07 have to do a lot of things yourself
00:03:05 00:03:07 instead of hiring people to do them for
00:03:07 00:03:10 you
00:03:07 00:03:12 um but you can bootstrap it um it's just
00:03:10 00:03:15 gonna require that you do more
00:03:12 00:03:17 work yourself and that you find a
00:03:15 00:03:19 product to sell on amazon that's fairly
00:03:17 00:03:20 inexpensive to source so that your
00:03:19 00:03:23 initial inventory
00:03:20 00:03:25 is not much and also you might have to
00:03:23 00:03:27 get more creative with your marketing
00:03:25 00:03:29 you know i chose to do market all my
00:03:27 00:03:30 products on social media so that i
00:03:29 00:03:33 didn't have to pay
00:03:30 00:03:34 for pay-per-click advertising and that's
00:03:33 00:03:35 because they couldn't afford it at the
00:03:34 00:03:37 time
00:03:35 00:03:38 and that actually served me really well
00:03:37 00:03:42 so that's an option as well
00:03:38 00:03:44 the third option is that you can try and
00:03:42 00:03:45 try and find money you know try and
00:03:44 00:03:48 invest other people's money
00:03:45 00:03:50 try and find investors if you have a
00:03:48 00:03:52 great business model
00:03:50 00:03:53 and you are someone who is very
00:03:52 00:03:55 convincing as an entrepreneur
00:03:53 00:03:58 you might find people who are willing to
00:03:55 00:04:00 invest in your business model but
00:03:58 00:04:01 invest in you because mostly you know
00:04:00 00:04:03 when
00:04:01 00:04:04 investors are looking to invest in
00:04:03 00:04:06 businesses they're looking at the
00:04:04 00:04:07 entrepreneurs behind the businesses
00:04:06 00:04:10 because they have to put their trust in
00:04:07 00:04:11 you and your capability to deliver on
00:04:10 00:04:13 that business model
00:04:11 00:04:15 deliver on your promises they have to
00:04:13 00:04:17 see that you have the qualities and the
00:04:15 00:04:19 skills and the conscientiousness
00:04:17 00:04:20 to really build this business up from
00:04:19 00:04:21 the ground up because it's a challenge
00:04:20 00:04:23 you know from the beginning
00:04:21 00:04:25 it can be it's one of the hardest parts
00:04:23 00:04:26 is building the foundation of the
00:04:25 00:04:28 business
00:04:26 00:04:29 so you could try and find investors
00:04:28 00:04:30 alternatively you could try and maybe
00:04:29 00:04:33 find a loan
00:04:30 00:04:34 um so that you can start the business
00:04:33 00:04:35 it's not my
00:04:34 00:04:37 you know it's not my recommendation to
00:04:35 00:04:39 do that i know people who have and who
00:04:37 00:04:40 have been successful from that so i
00:04:39 00:04:43 don't want to limit you
00:04:40 00:04:44 and project my own beliefs onto you i
00:04:43 00:04:45 didn't
00:04:44 00:04:47 i didn't borrow money to start my
00:04:45 00:04:48 business i just started with what i had
00:04:47 00:04:51 and i made it work
00:04:48 00:04:53 but you can you can take out a loan um
00:04:51 00:04:55 to start a business and again
00:04:53 00:04:56 like i just can't project my beliefs
00:04:55 00:04:58 onto you
00:04:56 00:04:59 about taking out loans and about debt
00:04:58 00:05:00 because it might just work to your
00:04:59 00:05:02 advantage
00:05:00 00:05:03 and if you do choose to do that a
00:05:02 00:05:06 company that i could recommend is called
00:05:03 00:05:07 fund and grow i've now sent a number of
00:05:06 00:05:09 people through them
00:05:07 00:05:11 they can help you get anywhere between
00:05:09 00:05:12 fifty thousand to two hundred and fifty
00:05:11 00:05:16 thousand dollars
00:05:12 00:05:18 in uh business line of credit which
00:05:16 00:05:20 um you can use towards anything and they
00:05:18 00:05:21 can do that in about two weeks time
00:05:20 00:05:23 so it doesn't get attached to your
00:05:21 00:05:25 personal credit score which is good
00:05:23 00:05:26 and you can use this if you have you
00:05:25 00:05:28 know really expensive credit card debt
00:05:26 00:05:29 with high interest rates you could use
00:05:28 00:05:31 this money to
00:05:29 00:05:33 pay off those because it's zero percent
00:05:31 00:05:34 interest rate or you could use it to
00:05:33 00:05:36 invest into real estate or any other
00:05:34 00:05:38 kind of investment such as your amazon
00:05:36 00:05:39 fba business
00:05:38 00:05:41 so i do have a number of people who have
00:05:39 00:05:44 done that if you're interested you can
00:05:41 00:05:46 go to tatianajames.com
00:05:44 00:05:48 fund and grow to learn more about that
00:05:46 00:05:49 program it's a great option for those of
00:05:48 00:05:52 you who
00:05:49 00:05:53 are looking to get some sort of loan and
00:05:52 00:05:54 not have it
00:05:53 00:05:57 associated with your personal line of
00:05:54 00:05:59 credit so that's another option
00:05:57 00:06:00 alternatively what you could do is you
00:05:59 00:06:02 could say hey
00:06:00 00:06:03 i'm not willing to wait because i want
00:06:02 00:06:05 to get started now
00:06:03 00:06:07 time is precious and i want to start my
00:06:05 00:06:09 business as soon as possible but
00:06:07 00:06:11 i'm realistik and i don't have the funds
00:06:09 00:06:13 to start an fba business
00:06:11 00:06:15 but maybe there's another business model
00:06:13 00:06:18 that i can start now
00:06:15 00:06:21 with less capital with a less
00:06:18 00:06:22 initial investment and i would say you
00:06:21 00:06:24 know
00:06:22 00:06:25 i think that's a great idea if you are
00:06:24 00:06:27 to invest your time into
00:06:25 00:06:28 learning and building a business find
00:06:27 00:06:30 something online
00:06:28 00:06:32 because i think that anything that you
00:06:30 00:06:33 do online if you're investing your time
00:06:32 00:06:35 into learning
00:06:33 00:06:36 any kind of online business that time
00:06:35 00:06:38 will be well spent
00:06:36 00:06:41 because online is the direction of the
00:06:38 00:06:42 future the skills that you will acquire
00:06:41 00:06:44 through
00:06:42 00:06:46 this education will be valuable to you
00:06:44 00:06:47 as entrepreneur but also to possibly
00:06:46 00:06:50 future employers
00:06:47 00:06:52 and so a business model that i can
00:06:50 00:06:54 recommend through my experience
00:06:52 00:06:55 is publishing books on amazon now the
00:06:54 00:06:56 reason i
00:06:55 00:06:59 i want to share this one with you is
00:06:56 00:07:01 because number one it teaches you how to
00:06:59 00:07:02 use the amazon platform
00:07:01 00:07:05 although you're not selling physical
00:07:02 00:07:07 products you're actually selling
00:07:05 00:07:08 books ebooks kindle books on amazon so
00:07:07 00:07:11 it's different you're not selling the
00:07:08 00:07:14 same thing but you're still learning how
00:07:11 00:07:15 the amazon sellers platform works so
00:07:14 00:07:16 that can give you some experience kind
00:07:15 00:07:18 of get your foot in the door
00:07:16 00:07:20 and kind of prepare you for selling on
00:07:18 00:07:23 amazon second
00:07:20 00:07:24 the initial investment is really low you
00:07:23 00:07:26 know you could get started with a couple
00:07:24 00:07:28 hundred bucks
00:07:26 00:07:30 to have someone write the books for you
00:07:28 00:07:32 get the cover done
00:07:30 00:07:33 i got you know when i first started this
00:07:32 00:07:36 was my very first business model
00:07:33 00:07:37 i started publishing um books about dog
00:07:36 00:07:38 training
00:07:37 00:07:40 because i had a little puppy at the time
00:07:38 00:07:42 so my interest was
00:07:40 00:07:43 all about dogs i was obsessed with dogs
00:07:42 00:07:45 so i said okay let's publish books in
00:07:43 00:07:48 the dog training niche
00:07:45 00:07:49 and so i published around five books
00:07:48 00:07:52 about dog training
00:07:49 00:07:53 and i didn't write them myself i hired a
00:07:52 00:07:56 ghostwriter to write them
00:07:53 00:07:58 for me and all in it costed me about a
00:07:56 00:08:01 couple hundred bucks i got my
00:07:58 00:08:02 cover done on fiverr.com really
00:08:01 00:08:04 inexpensively
00:08:02 00:08:06 and um and and and i was able to start
00:08:04 00:08:08 this business with very low investment
00:08:06 00:08:10 and the return on the investment comes a
00:08:08 00:08:13 lot quicker
00:08:10 00:08:15 than with amazon fba in my opinion so
00:08:13 00:08:17 it could be a great way to get started
00:08:15 00:08:18 and to make a little bit of money and
00:08:17 00:08:20 that money that you make
00:08:18 00:08:22 and what i would recommend is putting
00:08:20 00:08:23 that into a separate savings or
00:08:22 00:08:24 reinvesting it back into the kindle
00:08:23 00:08:27 business
00:08:24 00:08:28 to continue to make it grow but don't
00:08:27 00:08:29 take that money out
00:08:28 00:08:32 you know if you're if your long-term
00:08:29 00:08:32 plan is to sell on amazon and build your
00:08:32 00:08:34 own brand
00:08:32 00:08:36 use this money that you make with kindle
00:08:34 00:08:38 publishing to save it so that you can
00:08:36 00:08:40 eventually start your fba business
00:08:38 00:08:41 because the kindle business is a great
00:08:40 00:08:43 idea to start
00:08:41 00:08:45 and it can help you make you know maybe
00:08:43 00:08:46 a few hundred dollars to a few thousand
00:08:45 00:08:50 dollars per month
00:08:46 00:08:53 but the opportunity
00:08:50 00:08:55 in terms of how how much it can grow
00:08:53 00:08:57 financially scale
00:08:55 00:08:59 is not as great as with fba with fba
00:08:57 00:09:01 it's almost like the sky is the limit
00:08:59 00:09:03 you know i know people who are making
00:09:01 00:09:05 a million dollars a month on amazon in
00:09:03 00:09:07 revenue which is insane
00:09:05 00:09:09 um and with kindle again like there is a
00:09:07 00:09:09 limit you know what you're just
00:09:09 00:09:12 publishing
00:09:09 00:09:13 small short ebooks that are selling for
00:09:12 00:09:16 like 99 cents
00:09:13 00:09:18 so um long term you know you you want to
00:09:16 00:09:19 build the fba business because there's
00:09:18 00:09:21 more opportunity there but again
00:09:19 00:09:22 this could be a great way to get started
00:09:21 00:09:25 and use your time
00:09:22 00:09:26 right now so if you're interested in
00:09:25 00:09:29 this i would recommend
00:09:26 00:09:30 taking a very a short course fairly
00:09:29 00:09:32 inexpensive
00:09:30 00:09:33 steph and my partner he created this
00:09:32 00:09:34 course i learned from him how to publish
00:09:33 00:09:37 books
00:09:34 00:09:39 way back i think it was 2014 through his
00:09:37 00:09:40 course and he's just updated it this
00:09:39 00:09:42 year
00:09:40 00:09:44 so it's really new and improved you can
00:09:42 00:09:47 go to tatianajames.com
00:09:44 00:09:48 mbp which stands for mastering book
00:09:47 00:09:49 publishing that's the name of the
00:09:48 00:09:51 program
00:09:49 00:09:52 and it will teach you exactly how to
00:09:51 00:09:53 build this kindle business it will teach
00:09:52 00:09:55 you how to
00:09:53 00:09:57 get the books done how to pick your
00:09:55 00:09:59 niche how to get your cover done
00:09:57 00:10:00 how to market your books and how to
00:09:59 00:10:02 scale your business so it's really
00:10:00 00:10:03 comprehensive and it's really an
00:10:02 00:10:05 inexpensive course
00:10:03 00:10:06 so that's what i would recommend for you
00:10:05 00:10:07 or you can explore different online
00:10:06 00:10:09 business models
00:10:07 00:10:11 this is just something that like you can
00:10:09 00:10:12 get started that's similar to amazon
00:10:11 00:10:14 because you're selling on amazon still
00:10:12 00:10:15 you're still selling on the amazon
00:10:14 00:10:17 platform
00:10:15 00:10:18 but it requires far less of an
00:10:17 00:10:20 investment
00:10:18 00:10:22 and and i have experience with it too so
00:10:20 00:10:23 i'm not going to be recommending a bunch
00:10:22 00:10:25 of things that i've never tried myself
00:10:23 00:10:26 personally because
00:10:25 00:10:28 then those recommendations are not
00:10:26 00:10:30 really authentik um
00:10:28 00:10:31 so so that's you know that's what i
00:10:30 00:10:34 would say to you so don't feel
00:10:31 00:10:35 disappointed if it's not the right time
00:10:34 00:10:38 for you that's okay
00:10:35 00:10:40 i i'm a firm believer that everything
00:10:38 00:10:42 happens for a reason and
00:10:40 00:10:44 in god's time and if it right now this
00:10:42 00:10:46 moment is not the time that you
00:10:44 00:10:48 are capable of starting your fba
00:10:46 00:10:50 business then there's a reason for that
00:10:48 00:10:52 and whether you started a year from now
00:10:50 00:10:55 two years from now three years from now
00:10:52 00:10:57 um it everything happens for a reason
00:10:55 00:10:59 and so explore different options see
00:10:57 00:11:00 what works best for you
00:10:59 00:11:02 but i just wanted to kind of put this
00:11:00 00:11:04 video out there because i know
00:11:02 00:11:05 a lot of people are asking how to start
00:11:04 00:11:08 this business with no money
00:11:05 00:11:09 and the truthful answer is that you just
00:11:08 00:11:11 you can't
00:11:09 00:11:14 you need to invest something you can't
00:11:11 00:11:16 build a sustainable a real business
00:11:14 00:11:18 with no capital it's going to require at
00:11:16 00:11:19 least a small investment if you're
00:11:18 00:11:21 really going to bootstrap
00:11:19 00:11:23 it but usually my experience has been
00:11:21 00:11:24 around twenty five hundred three
00:11:23 00:11:26 thousand dollars to to start this
00:11:24 00:11:29 business at this
00:11:26 00:11:31 point in time in 2020 so um
00:11:29 00:11:33 hopefully this is helpful for you guys
00:11:31 00:11:36 if you have questions comment down below
00:11:33 00:11:36 i'll see in the next one