Meet The Youngest Amazon Millionaire
Published on: November 26 2022 by Jordan Welch
Meet The Youngest Amazon Millionaire
Table of Contents
Meet The Youngest Amazon Millionaire
startTime | durationTime | text |
00:00:01 | 00:00:05 | this is kenzo he's become a |
00:00:03 | 00:00:08 | multi-millionaire at 19 selling products |
00:00:05 | 00:00:08 | on amazon |
00:00:09 | 00:00:14 | you're making 200 a month |
00:00:12 | 00:00:17 | this listing i'm pretty sure gross is |
00:00:14 | 00:00:20 | about 550 thousand dollars a month |
00:00:17 | 00:00:21 | private porsche gt3 rs a porsche cayman |
00:00:20 | 00:00:24 | s |
00:00:21 | 00:00:26 | sl 65 i have a ferrari f12 berlinetta so |
00:00:24 | 00:00:30 | i flew across the country to his office |
00:00:26 | 00:00:32 | to see exactly how he got to this level |
00:00:30 | 00:00:34 | all right guys so we made it to kz |
00:00:32 | 00:00:35 | international yes man tell us a little |
00:00:34 | 00:00:36 | bit about where we're at right now |
00:00:35 | 00:00:38 | what's going on right now we're at our |
00:00:36 | 00:00:40 | headquarters in huntington beach we got |
00:00:38 | 00:00:41 | three units out of this building and |
00:00:40 | 00:00:43 | basically this is where it's our |
00:00:41 | 00:00:46 | one-stop shop right we do our sourcing |
00:00:43 | 00:00:47 | we do our selling we store our products |
00:00:46 | 00:00:49 | we prep our products we forward it to |
00:00:47 | 00:00:52 | amazon we manage our amazon storefronts |
00:00:49 | 00:00:54 | here the whole nine yards so essentially |
00:00:52 | 00:00:55 | the business model that we follow when |
00:00:54 | 00:00:58 | it comes into regards of selling on |
00:00:55 | 00:00:59 | amazon is wholesale fba right so if you |
00:00:58 | 00:01:01 | look at some of the products that we |
00:00:59 | 00:01:02 | actually have here you'll see a bunch of |
00:01:01 | 00:01:04 | different name brand products that |
00:01:02 | 00:01:07 | you'll see in your basic big box stores |
00:01:04 | 00:01:08 | like target walmart costco all these |
00:01:07 | 00:01:10 | brands already spend the millions and |
00:01:08 | 00:01:12 | millions of dollars per annum on the |
00:01:10 | 00:01:14 | marketing the advertisements and whatnot |
00:01:12 | 00:01:15 | and all we need to do is source the |
00:01:14 | 00:01:18 | product for a cheaper price and end up |
00:01:15 | 00:01:20 | selling it for a higher retail price so |
00:01:18 | 00:01:22 | that what this allows us to do is not |
00:01:20 | 00:01:24 | run any ads on any of our products |
00:01:22 | 00:01:25 | they're all naturally in demand so |
00:01:24 | 00:01:26 | literally it's a plug and play business |
00:01:25 | 00:01:28 | as long as you could source something |
00:01:26 | 00:01:30 | for a cheaper price and sell it for a |
00:01:28 | 00:01:32 | higher price that's where your margin is |
00:01:30 | 00:01:33 | made and no complications you're not |
00:01:32 | 00:01:34 | looking for the next big thing you're |
00:01:33 | 00:01:35 | looking for the stuff that already |
00:01:34 | 00:01:37 | people are shopping for already are |
00:01:35 | 00:01:38 | buying and just figuring out how to |
00:01:37 | 00:01:41 | source it for lower and sell for exactly |
00:01:38 | 00:01:42 | yeah so basically i i tried private |
00:01:41 | 00:01:44 | label i tried building my own brand a |
00:01:42 | 00:01:46 | few years back and for me it totally |
00:01:44 | 00:01:48 | flopped not saying that if i tried it |
00:01:46 | 00:01:49 | now it wouldn't perform but basically |
00:01:48 | 00:01:51 | this business model just makes sense |
00:01:49 | 00:01:53 | it's one of the oldest businesses out |
00:01:51 | 00:01:55 | there i low sell high retail consumer |
00:01:53 | 00:01:57 | goods i kind of want to look and go |
00:01:55 | 00:01:58 | inside and see how this all operates |
00:01:57 | 00:02:00 | maybe you can explain a little bit about |
00:01:58 | 00:02:02 | how this all works yeah let's do it |
00:02:00 | 00:02:04 | let's do it basically everything on this |
00:02:02 | 00:02:07 | side of the section of the warehouse is |
00:02:04 | 00:02:09 | basically ready to go out so it's all |
00:02:07 | 00:02:11 | already labeled with amazon labels so |
00:02:09 | 00:02:12 | basically when amazon freight pulls up |
00:02:11 | 00:02:14 | we just take it off the shelves or take |
00:02:12 | 00:02:16 | it on the aisle and load it up straight |
00:02:14 | 00:02:19 | to the truck so on average we average |
00:02:16 | 00:02:21 | about 75 to 100 pilots sending out two |
00:02:19 | 00:02:22 | amazon fulfillment centers per week yeah |
00:02:21 | 00:02:24 | um so there's somebody watching this |
00:02:22 | 00:02:25 | right they're seeing kenzo got the |
00:02:24 | 00:02:28 | warehouse you got all this setup there's |
00:02:25 | 00:02:29 | no way you started with a warehouse |
00:02:28 | 00:02:32 | where were you holding this stuff before |
00:02:29 | 00:02:33 | bro uh so at first when i first started |
00:02:32 | 00:02:35 | i just had my supplier send my products |
00:02:33 | 00:02:37 | directly into an amazon fulfillment |
00:02:35 | 00:02:39 | center because with fba amazon pick |
00:02:37 | 00:02:40 | packs ships your products stores them |
00:02:39 | 00:02:43 | whole nine yards so i was able to |
00:02:40 | 00:02:45 | leverage his facility at first but |
00:02:43 | 00:02:46 | the thing is when you have someone else |
00:02:45 | 00:02:49 | and all these different variables moving |
00:02:46 | 00:02:50 | around it's hard at quality control so |
00:02:49 | 00:02:52 | then i started picking up products |
00:02:50 | 00:02:53 | myself so i used to drive a pickup truck |
00:02:52 | 00:02:55 | down here to la because that's where my |
00:02:53 | 00:02:56 | vendor was i'd load up the pallets into |
00:02:55 | 00:02:58 | the flatbed and i drive back up north |
00:02:56 | 00:03:00 | and i was throwing it like on the side |
00:02:58 | 00:03:03 | yard of my house and my mom my mom was |
00:03:00 | 00:03:05 | always so mad at me yeah so you had like |
00:03:03 | 00:03:06 | stacks and stacks of boxes inside of |
00:03:05 | 00:03:08 | your house but it would only be like two |
00:03:06 | 00:03:10 | pallets at a time so it wasn't anything |
00:03:08 | 00:03:11 | too too crazy i actually have a few |
00:03:10 | 00:03:13 | videos to be prepping it like yeah we'll |
00:03:11 | 00:03:15 | throw some of those up on the screen |
00:03:13 | 00:03:17 | some of my college classmates back then |
00:03:15 | 00:03:19 | but uh yeah no it hasn't always been |
00:03:17 | 00:03:22 | like this and then after a little while |
00:03:19 | 00:03:24 | i got my first warehouse down here in |
00:03:22 | 00:03:27 | la when i moved down here uh it was |
00:03:24 | 00:03:28 | really small like 2 000 square foot um |
00:03:27 | 00:03:30 | and yeah we just been growing ever since |
00:03:28 | 00:03:33 | but is this your only warehouse that you |
00:03:30 | 00:03:34 | have right now no so basically so we |
00:03:33 | 00:03:36 | have three units out here in huntington |
00:03:34 | 00:03:38 | beach we have a warehouse in miami a |
00:03:36 | 00:03:40 | warehouse in houston and then new jersey |
00:03:38 | 00:03:41 | is going to be open in november jersey |
00:03:40 | 00:03:43 | is probably going to be one of the |
00:03:41 | 00:03:44 | biggest ones that one's up so i'm super |
00:03:43 | 00:03:45 | excited all right so we're going to take |
00:03:44 | 00:03:47 | a look at some of the products now but |
00:03:45 | 00:03:48 | what's the first product you started |
00:03:47 | 00:03:50 | selling like how did you even get into |
00:03:48 | 00:03:52 | all this you know so the first product i |
00:03:50 | 00:03:56 | actually sold when i got into wholesale |
00:03:52 | 00:03:58 | fba was sharpie markers so i spent 7 500 |
00:03:56 | 00:04:00 | which was literally everything i had to |
00:03:58 | 00:04:02 | my name from drop shipping on ebay and i |
00:04:00 | 00:04:03 | bought two pilots of sharpie markers i |
00:04:02 | 00:04:06 | drove down to la picked them up brought |
00:04:03 | 00:04:08 | them back up to norcal and i flipped |
00:04:06 | 00:04:09 | those i did like 25 paying revenue the |
00:04:08 | 00:04:11 | fees were a little high so i probably |
00:04:09 | 00:04:14 | only profited like four thousand dollars |
00:04:11 | 00:04:15 | on it but 4k off of 7 500 investment and |
00:04:14 | 00:04:17 | i sold out within like a month because |
00:04:15 | 00:04:19 | it was like back to school time about |
00:04:17 | 00:04:20 | three years ago i mean so that was sort |
00:04:19 | 00:04:22 | of when it clicked for you like this is |
00:04:20 | 00:04:23 | what i'm gonna do yeah that's when when |
00:04:22 | 00:04:25 | everything started making sense like |
00:04:23 | 00:04:27 | that's my first like oh i made an |
00:04:25 | 00:04:29 | investment i made a return everything |
00:04:27 | 00:04:30 | went smoothly i was like okay i'm ready |
00:04:29 | 00:04:32 | to i'm ready to go full force with this |
00:04:30 | 00:04:34 | got you so so now i mean let's look at |
00:04:32 | 00:04:35 | some of the biggest products you got |
00:04:34 | 00:04:37 | going on i mean we see a lot of monitors |
00:04:35 | 00:04:39 | as you were saying a lot of electronics |
00:04:37 | 00:04:43 | i mean we could start here i mean we i |
00:04:39 | 00:04:45 | mean it's it's nothing too too crazy but |
00:04:43 | 00:04:47 | the the little items like this like some |
00:04:45 | 00:04:48 | literally lip balm yeah these are the |
00:04:47 | 00:04:49 | things if you have let's say this |
00:04:48 | 00:04:51 | listing is making twenty thousand |
00:04:49 | 00:04:53 | dollars a month okay you have ten of |
00:04:51 | 00:04:56 | these different products like this |
00:04:53 | 00:04:58 | you're making 200 a month so basically |
00:04:56 | 00:04:59 | anything from daily products like that |
00:04:58 | 00:05:00 | people are always going to have |
00:04:59 | 00:05:02 | chocolates who are always going to need |
00:05:00 | 00:05:04 | stuff like that to |
00:05:02 | 00:05:06 | i mean look at this that's the most |
00:05:04 | 00:05:09 | random stuff ever we have some the vegan |
00:05:06 | 00:05:11 | chew soup you know i got that for jordan |
00:05:09 | 00:05:12 | i need one of these on the way out so |
00:05:11 | 00:05:14 | the main thing we really do focus on |
00:05:12 | 00:05:17 | electronics these are like handheld |
00:05:14 | 00:05:19 | vacuums uh from black and decker how |
00:05:17 | 00:05:21 | much would something like this bring you |
00:05:19 | 00:05:23 | so this listing i'm pretty sure gross is |
00:05:21 | 00:05:25 | about 550 000 a month now it doesn't |
00:05:23 | 00:05:27 | mean we're actually producing the whole |
00:05:25 | 00:05:29 | 550 000 that's just the listing on |
00:05:27 | 00:05:31 | amazon so if you actually have the |
00:05:29 | 00:05:34 | inventory to back it and you maintain |
00:05:31 | 00:05:36 | buy box you could go ahead and do that |
00:05:34 | 00:05:38 | but in reality i probably have like half |
00:05:36 | 00:05:39 | a month's worth of stok so in reality |
00:05:38 | 00:05:41 | only i'm only going to do maybe like 200 |
00:05:39 | 00:05:43 | 250k revenue from right but that's just |
00:05:41 | 00:05:44 | from this one product you've got all |
00:05:43 | 00:05:46 | these other products as well you have a |
00:05:44 | 00:05:47 | bunch of different products in here so |
00:05:46 | 00:05:48 | that's the thing it's about diversifying |
00:05:47 | 00:05:51 | your portfolio making sure you're |
00:05:48 | 00:05:52 | well-rounded but it all starts with that |
00:05:51 | 00:05:54 | one first product it all starts with |
00:05:52 | 00:05:56 | that one product right for the people |
00:05:54 | 00:05:58 | watching they might look at you and see |
00:05:56 | 00:06:00 | this and think this is not possible for |
00:05:58 | 00:06:02 | them is this a business that anybody |
00:06:00 | 00:06:03 | could get involved with yeah honestly |
00:06:02 | 00:06:05 | that's what i love about this it's a |
00:06:03 | 00:06:07 | business that you're able to really plug |
00:06:05 | 00:06:08 | and play the thing is it's not like |
00:06:07 | 00:06:09 | private label i'm not here to dog on |
00:06:08 | 00:06:11 | private label because it's a great |
00:06:09 | 00:06:13 | business model with this if i see that |
00:06:11 | 00:06:16 | this product is making 200 000 a month |
00:06:13 | 00:06:18 | currently on amazon all i need to do is |
00:06:16 | 00:06:19 | source it for a lower price and sell it |
00:06:18 | 00:06:21 | for a higher price now don't get me |
00:06:19 | 00:06:23 | wrong the more money you have for this |
00:06:21 | 00:06:24 | business the better i started with 7 500 |
00:06:23 | 00:06:26 | which is more than the average person |
00:06:24 | 00:06:29 | but i've i've had students start with |
00:06:26 | 00:06:30 | 500 or a thousand or 2 000 and just as |
00:06:29 | 00:06:32 | you get more and more money it becomes |
00:06:30 | 00:06:34 | more lucrative more revenue more profit |
00:06:32 | 00:06:36 | more expensive gotcha yeah i think |
00:06:34 | 00:06:37 | that's some good insight because it is |
00:06:36 | 00:06:38 | possible i mean kenzo didn't grow up |
00:06:37 | 00:06:40 | rich and we're actually going to tok |
00:06:38 | 00:06:42 | about that now i kind of want to go on a |
00:06:40 | 00:06:44 | drive in the 720 so we're going to tok |
00:06:42 | 00:06:46 | a little bit about his background how he |
00:06:44 | 00:06:48 | got started and then we'll call it a day |
00:06:46 | 00:06:49 | so let's go for a drive bro let's go all |
00:06:48 | 00:06:51 | right let's do it right now we in the |
00:06:49 | 00:06:54 | whip what kind of car is this bro |
00:06:51 | 00:06:57 | mclaren 720s fighter what was your first |
00:06:54 | 00:06:58 | car like what did you start with so my |
00:06:57 | 00:07:00 | first car okay so there's there's two |
00:06:58 | 00:07:02 | different first cars the first car i |
00:07:00 | 00:07:04 | bought and then there's a first car that |
00:07:02 | 00:07:06 | i'd use first car i used was a gmc cr |
00:07:04 | 00:07:08 | 1500 because i was working construction |
00:07:06 | 00:07:09 | at the time gotcha so you used to used |
00:07:08 | 00:07:11 | to have like a regular job you didn't go |
00:07:09 | 00:07:13 | straight into entrepreneurship i mean |
00:07:11 | 00:07:15 | okay so i was i wasn't on payroll i was |
00:07:13 | 00:07:17 | working for like a family friend like a |
00:07:15 | 00:07:18 | friend of my family like construction |
00:07:17 | 00:07:20 | companies so |
00:07:18 | 00:07:21 | uh that's what i was doing but my first |
00:07:20 | 00:07:24 | car that i actually bought with my own |
00:07:21 | 00:07:26 | money was a mclaren 650s oh wow and how |
00:07:24 | 00:07:28 | old were you when you did that i was 17. |
00:07:26 | 00:07:31 | okay so that must mean when you were |
00:07:28 | 00:07:33 | what 15 16 you started entrepreneurship |
00:07:31 | 00:07:34 | like tok to me about that process |
00:07:33 | 00:07:35 | because you didn't just hit a home run |
00:07:34 | 00:07:37 | the first try right you had some |
00:07:35 | 00:07:38 | failures along the way so |
00:07:37 | 00:07:40 | funny story and i actually a lot of |
00:07:38 | 00:07:41 | people don't know this about me i |
00:07:40 | 00:07:43 | actually got |
00:07:41 | 00:07:46 | arrested when i was in seventh grade |
00:07:43 | 00:07:48 | yeah uh for paraphernalia so i actually |
00:07:46 | 00:07:50 | i was that kid always trying to look to |
00:07:48 | 00:07:51 | make an extra buck so i actually got |
00:07:50 | 00:07:54 | caught selling vape pens like back in |
00:07:51 | 00:07:55 | the day the carts yeah so this was |
00:07:54 | 00:07:58 | before like jewels and any of that stuff |
00:07:55 | 00:08:00 | so i was selling vapes eighth grade i |
00:07:58 | 00:08:02 | was making t-shirts with prints on it so |
00:08:00 | 00:08:04 | i was always doing these little side |
00:08:02 | 00:08:05 | hustles to make money but first like |
00:08:04 | 00:08:07 | actual business i got into was actually |
00:08:05 | 00:08:09 | shopify drop shipping got you and that |
00:08:07 | 00:08:11 | flopped and i tried shopify wholesale |
00:08:09 | 00:08:13 | and i tried building a brand around this |
00:08:11 | 00:08:16 | jewelry company and i remember getting |
00:08:13 | 00:08:18 | my first sale like 11 p.m in portland |
00:08:16 | 00:08:20 | like on some trip with my mom yeah and i |
00:08:18 | 00:08:21 | felt you fought yeah but that was |
00:08:20 | 00:08:23 | probably one out of like five sales i've |
00:08:21 | 00:08:25 | done my time with that company so so |
00:08:23 | 00:08:27 | tell me about what that was like i mean |
00:08:25 | 00:08:29 | coming up when you were going through |
00:08:27 | 00:08:31 | those failures like what kept you going |
00:08:29 | 00:08:32 | how did you stay resilient enough to get |
00:08:31 | 00:08:35 | to this level i know it wasn't easy bro |
00:08:32 | 00:08:37 | i mean i i just saw people like with i |
00:08:35 | 00:08:39 | don't know i at first i'm not gonna lie |
00:08:37 | 00:08:41 | i started this because i wanted the |
00:08:39 | 00:08:44 | exotik cars i wanted the private jets i |
00:08:41 | 00:08:47 | wanted a life that was unknown to me um |
00:08:44 | 00:08:48 | so that's why i started and just going |
00:08:47 | 00:08:50 | through that i just never thought i |
00:08:48 | 00:08:52 | couldn't do it right |
00:08:50 | 00:08:53 | so when i start something i don't expect |
00:08:52 | 00:08:55 | results |
00:08:53 | 00:08:56 | i just i just kept hustling and hustling |
00:08:55 | 00:08:58 | and i tried this i tried that i saw |
00:08:56 | 00:08:59 | people making money a million different |
00:08:58 | 00:09:02 | ways so i was like okay you know what |
00:08:59 | 00:09:04 | there has to be some way that |
00:09:02 | 00:09:06 | i could succeed and i just kept going |
00:09:04 | 00:09:07 | and going and you know |
00:09:06 | 00:09:09 | there were some losses there were some |
00:09:07 | 00:09:11 | low points and |
00:09:09 | 00:09:12 | it is what it is you just got to keep |
00:09:11 | 00:09:14 | going you know there's light at the end |
00:09:12 | 00:09:16 | of the tunnel yeah so what's next for kz |
00:09:14 | 00:09:19 | international well right now the next |
00:09:16 | 00:09:20 | thing is our warehouse in |
00:09:19 | 00:09:21 | new jersey i'd say that's probably our |
00:09:20 | 00:09:23 | next big thing now i'm just i'm |
00:09:21 | 00:09:26 | basically trying to get |
00:09:23 | 00:09:28 | 48 warehouses in the lower 48 states |
00:09:26 | 00:09:30 | and |
00:09:28 | 00:09:31 | after that i mean honestly i think i |
00:09:30 | 00:09:33 | might be willing to sell the company if |
00:09:31 | 00:09:35 | the bid's high enough so yeah that's |
00:09:33 | 00:09:37 | kind of where i'm at with everything |
00:09:35 | 00:09:38 | it's inspiring bro for sure i appreciate |
00:09:37 | 00:09:40 | it man all right it's been a great day |
00:09:38 | 00:09:42 | at the office bro thank you for showing |
00:09:40 | 00:09:44 | us around the corner driving the car so |
00:09:42 | 00:09:46 | look man one last word of advice for |
00:09:44 | 00:09:47 | anybody watching this video old young |
00:09:46 | 00:09:50 | trying to get like you what do you got |
00:09:47 | 00:09:52 | to tell them man just honestly stay in |
00:09:50 | 00:09:53 | your own lane focus on yourself stay on |
00:09:52 | 00:09:55 | consistent as long as you make the right |
00:09:53 | 00:09:56 | decisions in life and you're consistent |
00:09:55 | 00:09:58 | with it your life could change fast it |
00:09:56 | 00:10:00 | wasn't too long ago where i was an |
00:09:58 | 00:10:02 | average student living an average life |
00:10:00 | 00:10:03 | going to school on the weekdays |
00:10:02 | 00:10:06 | construction on weekends video games |
00:10:03 | 00:10:08 | after school just same stuff different |
00:10:06 | 00:10:09 | day right so now we live the life of our |
00:10:08 | 00:10:11 | dreams we do what we want when we want |
00:10:09 | 00:10:13 | with the people we care about and that's |
00:10:11 | 00:10:14 | all that's important in life yeah man |
00:10:13 | 00:10:17 | that's real so where can they find you |
00:10:14 | 00:10:18 | where are you at uh basically the only |
00:10:17 | 00:10:20 | platform i'm really active on as of |
00:10:18 | 00:10:21 | right now is instagram so if you guys |
00:10:20 | 00:10:23 | want to go ahead and check me out it's |
00:10:21 | 00:10:25 | going to be at knzo we'll put it in the |
00:10:23 | 00:10:27 | description down below and pop it up on |
00:10:25 | 00:10:29 | the screen guys make sure to go follow |
00:10:27 | 00:10:30 | kenzo he's always dropping game he would |
00:10:29 | 00:10:32 | also lives a crazy lifestyle so you can |
00:10:30 | 00:10:34 | check that out as well and man thanks |
00:10:32 | 00:10:37 | again bro i really appreciate you man |
00:10:34 | 00:10:37 | all right man see you guys later |