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

How To Sell On Amazon With No Money

startTime	durationTime	text
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