Kevin David - What it ACTUALLY Costs To Start Amazon FBA in 2020 #Best Education Page #Online Earning

you've heard of Amazon you've probably

heard about all of the people having

success selling on Amazon but how much

does it actually cost to get started

selling on Amazon FBA as a complete

beginner in 2019 and if you want to take

the leap into one of the most profitable

ways to actually start making money

online you have to know exactly what

you're getting into and exactly how much

it costs to start but before we actually

do get into this video and break down

exactly how much it costs do get started

on Amazon FBA in 2019 I want to prove to

you that anyone can do this and I'm

gonna show you guys just a couple of

people inside of my student family that

started from scratch that made Amazon

work this right here's Matt before he

actually started Amazon Matt was a

helicopter pilot but he wanted more time

and to be able to spend with his wife

and his newborn baby who was on the way

and so he started Amazon FBA and you can

see right here that he made over one

hundred and fifty thousand dollars in a

single month with his Amazon business

and just for full transparency that is

revenue but a very realistic profit

margin that you can expect with Amazon

FBA is about 40% so he didn't make one

hundred fifty thousand dollars profit

but he did make forty percent of that

which still breaks down to over sixty

thousand dollars in a single month and I

don't know about you but sixty thousand

dollars profit in a single month sounds

pretty good to me

this is Oksana Oksana used to have a

corporate job but she started selling on

Amazon you can see right here that she

made over five hundred and eleven

thousand dollars in a single month and

again full transparency that was during

q4 that was after over a year of

actually creating and setting up her

business and investing thousands and

thousands of dollars into inventory and

learning how to actually operate her

Amazon business but Oksana started as a

complete beginner and she made over five

hundred and eleven thousand dollars

revenue in a single month and of course

there are expenses of course you know it

is a business like anything else so

she's not pocketing that entire amount

but that is a absolutely mind-boggling

number when you think about the fact

that Oksana was a complete beginner and

had never done Amazon FBA before in her

life before she actually found my

youtube videos about Amazon

you're thinking Kevin this is crazy

there's no way this can possibly be real

you can find these people inside of my

private group go ahead and be an

Internet detective like I know you want

to be come check out my private student

group you'll see that these are real

people you'll see that they have a real

everyday lives and they just decided to

take a chance on Amazon and made it work

and so I want to show you just one other

person and then we're gonna get into

showing you exactly what it actually

costs to get started on Amazon this

right here is Liz Liz and her husband

Casey quit their insurance jobs sold

their house and followed the dream that

they'd always wanted to do living in an

RV traveling across the country because

of Amazon FBA van I don't want to tell

you about all these people I'd rather

just show you so you can hear from loser

so we have three separate accounts now

one is strictly for wholesaling and then

we have two private label accounts

overall we're consistently bringing in a

profit front around $9,000 a month which

has been amazing a lot of people see a

lot of stuff about Amazon online they

question whether you can make money

whether it were it's a business it takes

money it takes time and it takes a lot

of work we wanted to say thank you to

Kevin without him I wouldn't be able to

travel with Casey and do this on the

road and it's just really helped us be

able to do something we never thought

which is sorry travel full-time and an

RV together we spent so much time apart

Amazon has really helped us be able to

travel and be together and do something

that people only dream up so we're so

unbelievably thankful for Kevin and we

consider him more than just a mentor we

consider my friend and we've met so many

amazing people through this group just

such a real impactful part of our life

and guys it's not just Matt knocks on ax

and Liz there's literally thousands of

everyday people just like you and me

we're making Amazon FBA work every

single day Amazon actually released a

report recently showing that over

200,000 people earn six figures or more

last year selling on Amazon and that

number is going to absolutely explode

this year Amazon is bigger than ever it

is the perfect time to get started on

Amazon no matter what anyone says it

will never be saturated Amazon is

literally a trillion with a

dollar company and they're growing and

literally taking over the world so

without further ado guys let's get into

breaking down exactly what it actually

costs in 2019 to start Amazon FBA so

there's so much misinformation when it

comes down to how much it actually costs

to get started on Amazon FBA so we're

gonna set that to rest and we're

literally gonna show you and break down

exactly what it costs so you can finally

stop hearing all these people saying

that you can start Amazon FBA for a

dollar or ten dollars right because the

truth is Amazon FBA does take money to

get started if you're on a razor-thin

budget Amazon FBA is probably not the

business for you just honestly that

doesn't mean that there's no online

businesses for you but Amazon FBA does

take some money to get started and I

want to put this in perspective so you

really understand right if you wanted to

try to start something like a McDonald's

franchise you would need $500,000 liquid

cash to even be considered as someone

who could possibly open that franchise

or if you think about University where

they charge fifty thousand or a hundred

thousand dollars to give you a degree

that you may or may not even be able to

get a job with Amazon actually starts to

seem like a very good deal and so the

first expense that we're going to be

talking about is software now software

is something you really can't avoid when

it comes to Amazon because Amazon is

wildly complicated when it comes to

finding the perfect product right

because if you find the perfect product

you can do mostly everything else wrong

and still make money with Amazon but

it's incredibly important that you find

the correct product and the best way to

do that is by leveraging product

research software that actually goes out

and scans tens of millions of products

on Amazon and shows you the perfect

product that has a lot of demand without

much competition something that sells

very consistently throughout the year

and is not seasonal you can actually use

software to go out and find that perfect

product for you out of all of the tens

of millions of products listed on Amazon

you'll also need software to help you

with what's called keyword research when

you're creating your product listing you

want to make sure that your title and

your bullets and your overall product

listing is optimized with the keywords

that your customers are actually

searching in real life who find your

product and eventually purchase your

product so if your list

and your title and your back-end

keywords are not optimized with the real

keywords that buyers are searching on

Amazon every single day your product is

not going to appear as high in the

ranking and you're not necessarily going

to get as many sales as you would have

gotten if your product listing was fully

optimized and while those are the two

software's that I would say are 100%

necessary to be successful on Amazon

there are also some complimentary

software's like ranked record this shows

you the overall rank your product has

when it comes to being on page one for

your best keywords

there's PPC optimization tools that help

with marketing on the Amazon platform

there's launching tools that help propel

your product to the first page of

results so that you can get more organic

eyeballs of your customers to look at

your product and eventually buy from you

and if you bought all of those different

software's individually that might be

500 dollars or more every single month

but luckily for you there's an

incredibly affordable option called zon

base com Zeo and ba se com which has

every single one of those pieces of

software all in one beautiful incredibly

advanced and accurate bundle that will

give you every single tool that you need

to be successful on Amazon and also

provides some training when it comes to

using those tools inside of the platform

and luckily for you they do offer a

completely free trial so go ahead and

take advantage of their free trial

signup see if you like it if you don't

like it you can use something else or

use nothing at all if you do like it and

it's helpful to you and helping you find

the perfect products then maybe it makes

sense to keep it and so you want to

budget in $97 for software when it comes

to your Amazon business to find you the

perfect product but like I said before

there is a free trial or if you're

already an Amazon seller or you're very

serious about this we do have a 50% off

coupon code for all of the zon based

plans available here inside of FBA

ninjas which is the largest Amazon

Facebook group in the entire world with

almost a hundred and ten thousand people

inside of it so make sure you actually

click the link down in the description

and join FBA ninjas where there's

thousands of other Amazon sellers

helping each other every single day I'm

very active in there as well and so it's

the perfect community and place to be if

you want to actually learn how to sell

on Amazon yourself the next expense that

we're

talk about is something called samples

so once you find your perfect product

let's say for example it's a garlic

press because that is my favorite

example from the beginning since I

started teaching Amazon if you are

selling a garlic press you want to

actually see a sample of that garlic

press before your manufacturer goes out

and creates 500 units or a thousand

units because you want to make sure that

the quality is extremely high it looks

the way that you expect it to and so

sample since your manufacturer is only

making one or two units rather than 500

can actually be significantly more

expensive right so if you buy a thousand

units of a garlic press they might only

cost three dollars each but if you buy

one or two it might cost a hundred or

even a hundred and fifty dollars and I

know that might sound kind of crazy but

it is expensive to ship individual

things from China it's expensive for

your manufacturer to make just one unit

with your logo and all of the different

branding and things like that for your

actual product and so what we're going

to budget four samples to actually

receive an individual unit of your

product is one hundred and fifty dollars

receive a finished beautiful version of

your specific product shipped straight

to your door from your manufacturer the

next expense is the largest of the

expenses that we're going to be talking

about today which is your inventory your

inventory of course is what you're

actually going to be selling on Amazon

and so this obviously is going to be the

most expensive part of the overall

process because it's what you're

actually making money selling and so

I've seen so many different actual

numbers here I've seen people say you

can't get started with a hundred dollars

I've seen people say that you need ten

thousand dollars to get started I have

gone through literally thousands and

thousands of students I've also sold on

Amazon FBA myself and there is of course

a range of what this number actually

could be because if you're buying you

know electric wheelchairs that cost 500

per unit obviously it's gonna be more

expensive if you want to buy things in

bulk versus if you're buying coffee mugs

that cost 40 cents a unit and you know

at that point you could probably buy a

thousand for $400 and so obviously

there's no perfect number here but

having seen many many students actually

go through my program I've seen people

be able to get started for as little as

fifteen hundred dollars and that does

not mean that more money won't help you

because with every business the more

money you have the more you can invest

into it and the faster and larger your

returns are going to be but I want to

make this realistic for people of all

different types of budgets not just

people who have $10,000 laying around

and so $1,500 is what I would call the

minimum amount that you would need to

actually get started selling on Amazon

no matter what anybody else out there is

telling you that you can get started

with $20 or $100 trust me when I tell

you you can't write you need at least

$1,500 to get started and do this right

remember we're creating a business and

if you compare it to something like

McDonald's that cost $500,000 to even

you know open a conversation $1,500 is

not that unrealistic or crazy when it

comes to starting a full-fledged

business that you can scale into a

full-time income sometimes in a matter

of months

the next expense is barcodes now Amazon

does recommend getting barcodes from a

place called gs1 which is a little bit

more expensive than some other options

out there but Amazon does not yet

require gs1 barcodes for all of their

different products and so to really

simplify things if you want to do things

right and for the long term you can get

your barcodes from a place called gs1

where it is two hundred and fifty

dollars per ten barcodes or if you want

to do what thousands of other Amazon

sellers are doing and buying barcodes

from cheaper websites that are gs1

certified but not directly from gs1 you

can buy them for a lot cheaper for forty

dollars per ten barcodes but if you want

to be able to sleep at night and if you

want to be able to get your own 100%

legit barcodes from gs1 you do need two

hundred and fifty dollars to be able to

do that and remember what you're

actually buying from gs1 is what's

called a UPC which stands for a

universal product code which is

essentially a number that eventually

becomes the barcode that amazon scans on

your product which is actually called an

FN SKU right and we don't have to get

super detailed about all these little

things but I like to be over detailed

when I'm explaining things to you guys

so that you know exactly what's involved

with the overall process rather than

being vague in general and high-level

like so many other people where they're

not telling you the information you

actually need to know to be successful

the next expense that I wanted

talk about is shipping right and a lot

of people actually leave this out but

shipping of course is an expense and

when you're shipping 500 or a thousand

units sometimes that can get expensive

to do that and of course like everything

shipping is very dependent on the actual

product that you're shipping if you're

shipping a silicon wedding ring for

example versus a bowling ball those are

going to have drastically different

shipping costs and so basically how it

works is you can ship by sea or you can

ship by air by sea takes 30 to 45 days

but generally costs about 1/10 to 1/3 as

much as shipping by air of course

shipping by air gets there significantly

faster but you do pay for that

convenience like so many other things in

life and so to generalize it and to give

you a nice round number you want to

budget at least $500 for shipping your

product again if you're going to ship by

sea and you're willing to wait a little

bit longer you can save a significant

amount of money my very first order when

I first started Amazon FBA I did ship

everything by sea I put it all into one

shipping container and my shipping costs

were at an all-time low

that's why my very first order our

profit margin was over 50% on every

single Park that we sold and we made

back our original investment literally

within the first week selling on Amazon

which meant that all the rest of our

inventory was just pure profit that we

reinvested into the business the next

expense I want to talk about our

giveaways and PPC and I'm gonna clump

these together because at first and

sometimes always they go hand in hand

so what giveaways means is when you

first launch your product on Amazon no

one has bought it Amazon doesn't know

that it's gonna be a successful product

and so you have to do what's called

giveaways to actually launch your

product from obscurity onto page one for

the keyword that you actually want to

rank for so for example if you created a

garlic press listing no one has bought

it so Amazon doesn't know to show your

specific listing to people when they

search garlic press on Amazon so the way

that you actually get that to happen is

you give away more units and the

products on page one are currently

selling and that might sound complicated

but basically what it breaks down to is

if there's ten products that are

currently on page one or the search term

garlic press and they're all selling ten

you

per day if you come in and sell 11 units

per day for seven days you're going to

jump all of those products and that's a

drastic oversimplification of course the

Amazon a nine algorithm is very

complicated but generally and in a very

simple way that is how it works based on

sales velocity and that's how Amazon

organizes what products to show for what

particular keyword searches that people

are making millions of times every

single day on Amazon and the way you do

that at first is by using giveaway

services to go out and find buyers at a

heavily discounted price who are going

to buy your particular products 11 times

per day for seven days which is going to

help you rank your products onto page

one for your specific keyword in

question PPC is essentially marketing on

Amazon it stands for pay-per-click and

it allows you to actually advertise your

specific products every time somebody

searches the keyword garlic press you

can actually advertise it on the top

where you see a little ad and then if

somebody clicks on it and buys and you

are going to actually get credited with

that sale and Amazon is gonna piece it

together they're gonna say okay you

advertise for the word garlic press

someone clicked your advertisement so

they're obviously related so maybe we

should start ranking your product a

little bit for the term garlic press and

if you combine giveaways and PPC you can

rank your product to page one in no time

and this is an incredibly important

piece that most people miss right

because when was the last time you went

to page two of Amazon right no one does

it it's the same thing with Google if

you're not on page one for your specific

keyword your Amazon business will fail

it's as simple as that

and luckily inside of zon based calm as

well they have a launch and PPC service

that they'll do 100% of the hard work

for you so again make sure you take

advantage of that free trial or if

you're interested in actually investing

into it definitely check out the FBA

ninjas Facebook group where we do have a

50% off discount code and the last

expense that we're going to talk about

is the professional seller fee which is

$39.99 per month to have access to what

Amazon calls seller central which is

essentially the platform that Amazon

created for all of their independent

third-party sellers just like you and me

but the cool thing that a lot of people

don't know is when you actually sign up

and start

$40.00 per month fee Amazon will

actually refund you all of those charges

until your first product sells right so

if you join Amazon FBA on January you

start selling in April for example

Amazon will refund all of those

different months that you don't have

inventory active in your Amazon account

because you're not actually using the

services because you can't sell

inventory if you don't have inventory in

your account and so it's actually take

advantage of that refund all you have to

do is submit a simple ticket to Amazon

sellers support and say hey you know I

wasn't using seller central for three

months I didn't have any inventory yet

it was being shipped

can you please refund me for those three

months and they're gonna immediately

approve you and refund you so that is a

little ninja tactic for you as well to

save a couple extra bucks and one final

optional expense that you can decide for

yourself whether or not you think is a

good investment would be a digital

course or a blueprint or mentorship from

someone who's really done this and been

successful doing and full transparency I

do have a digital course you know we've

had thousands and thousands and

thousands of people join it you saw

before Matt and Oksana and Liz and

literally countless other of my students

who've made this work but again it

doesn't matter to me if you do join in

my program I just want to educate you as

to what is actually out there right

because the thing is people probably

wouldn't go out and try to become a

lawyer or a doctor if they didn't go to

school from it one of the fastest ways

to actually achieve success is being

taught by somebody who has already

achieved that success because likely

that person who has achieved success has

most likely already made all the

mistakes that you could potentially

avoid by learning from them so to stay

objective I'm gonna give you a range for

this one as well generally I've seen

courses for between one and five k of

course if you do want one-on-one

mentorship that can be significantly

more expensive but most commonly all of

the courses that I've seen and actually

heard good things about range between

one and five K so we're just gonna

budget two K for the course which again

is completely optional if you want to go

out and try to learn all of it yourself

you can do that on YouTube and with

blogs and hopefully you know you'll be

able to figure it out without making any

you know really bad mistakes people have

done it before it's definitely not

impossible but if you do want to learn

from a proven mentor who's actually

really made it work and follow a step by

step proven blueprint they do exist

and they're very readily available for

you to at least learn more about so as

you can see the total to get started on

Amazon is right here and if you want to

learn more about how to get started on

Amazon in a much more detailed much more

thorough step-by-step way check out this

link down in the description which is

again our completely free training where

you can learn more about how to become

an Amazon seller full transparency there

will be an offer at the end for my

digital course that again thousands of

people have joined and many have had

incredible success with so if you want

to learn more feel free to click the

link down below again it's completely up

to you 100% optional but if you are

interested in Amazon I promise you

there's not going to be a more

step-by-step detailed thorough way to do

it and you're never gonna find a mentor

who cares more about you and it's more

willing to help you on your path to

Amazon success or if you just want to

learn more about Amazon on YouTube check

out this recent video we did right here

that talks more about what Amazon FBA is

and how to actually best take advantage

of it for you promise it'll be a good

one

see you there according to recently

released data from the US Census over

3.7 million people in the USA alone

worked at least half their time from

home last

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