okay so if you really want to crush it
on Amazon you want to start making that
really good money on Amazon the key to
this is finding the right products being
able to source those products and being
able to create a profit Margaret margin
that's gonna be good enough for you and
then what I want to do in this video is
tools that we have available to us right
online I'm gonna go in and show you what
it takes to find a good product what it
takes to go out there and source that
product get it into the warehouse and
get money rolling in there's really only
a couple things you need to know about
making money on Amazon Amazon right now
is the largest marketplace in the entire
planet Prime members right now there's a
hundred million Prime members so the key
is to getting products into the
warehouse of Amazon and that Amazon do
all the work for you okay they gonna
ship it they're gonna send all the
products out that's the key you don't
want to do drop shipping why because
drop shipping is takes too long Prime
members right now they get their
products in two days and the only way
that's gonna work is for you to get
products into the warehouse put it into
your account and get you know get those
products start to be shipping out all
right so what you want to do is any time
you come to Amazon and and if you're not
on Amazon just start searching on Amazon
just start playing around with it if you
haven't purchased products buy some
products if you're not a prime member
get to be a prime member because it's so
convenient if you're buying products at
if you're driving to a store and you're
buying products is crazy start start
using the Prime membership but you'll
start to get an understanding of it and
then what's cool about is you'll start
to see the products coming in you're
thinking well hey I can start doing that
same thing I can start taking those
products putting them in the marketplace
and people can buy them from me I can
start making profits from that anybody
can do it it doesn't really matter your
background doesn't matter your
experience you don't need any degrees in
e-commerce nothing all you need to know
is a couple of strategies and what I
want to do is just go right into it so
if we go to the Amazon store you know
this giant store of all these products
that you can that anybody can buy
worldwide what I like to do is just come
in to the best sellers because I'm
looking for products that I can you
know fine I can go out there and source
and get them in there and always the
best sellers they're always going to be
the ones that allows you to kind of
piggyback off the success of people that
are already doing things right now and
I'm just going to do this video there's
no I don't really have any pre
you know things that I'm gonna show you
here I'm just gonna go through this like
I go through each day to find new
products and I'm just gonna go in any of
these categories and I'll just start
digging around to any of their products
so if we come in here to let's come in
here to let's do kitchen and dining see
what comes up right there so a kitchen
dining there's this this this pie right
here you got this pot right here what I
like to do is I like to find products
that are going to be inexpensive to
manufacture they're going to be easy to
ship and there's not going to be a lot
of technology with them see like with
this product right here just by looking
at that I know that there's this thing
has to plug in and and this has a
computer inside of it and it could it
could break and go wrong and I don't
really want a technology type product I
want you know things that are easy like
this one here is this is a stainless
steel straws stainless steel straws
they're you know they're easy to
manufacture they're easy to ship they're
lightweight and they don't and they you
know they could break but there's no
technology to them so no people aren't
gonna be returning them they're gonna
use them and probably love them okay and
then you know things like this let's see
here like just you know napkins like
this these are easy they can easy to
manufacture they're easy to ship simple
here's a stainless steel water bottle
everybody needs water everybody loves
water bottles they're easy to
manufacture they're easy to ship and
they don't you know they're not gonna
break so people gonna use them and they
won't return them so that's what I'm
looking for so if I come in here and
let's just type in let's just go down
here to this water bottle right here now
you can see they're trying to sell this
water bottle for you know like this one
is $149 right here but this this one
doesn't look like it has so this one is
a Prime membership okay so this right
here is a Prime membership this is a
this is Hydra flash lava flex cap
widemouth forty ounce okay so this is a
I'm gonna guess this is gonna be a
stainless steel water bottle so if we
look right here this one this is a
stainless steel so it's stainless steel
I'm just gonna type in water bottle like
this but it's stainless steel stainless
steel water bottle would be more keyword
dense for this but what I do is
as I find a good product like this I
know it's gonna be a best-seller and
then I'm gonna go out there and I'm
gonna source this product but the first
thing I want to do though is I want to
go in here and just use a simple tool
from Amazon if you type an Amazon fee
calculator you're gonna see this
calculator come up here and I'm what I'm
gonna do is I'm going to grab the ACE
and from this this listing right here
okay so I'm gonna grab that a sign right
there I'm gonna come back in here I'm
gonna put it in okay now they're there
selling this for forty to ninety five so
I'm gonna just take this price right
here come back here to calculator 42 95
42 95 now what I'm gonna do now is the
cost of the product so now I got to go
out there and source the product I got
to find this product so what I'm gonna
do is just gonna go to water bottle like
this gonna go to Alibaba Alibaba is the
Chinese suppliers and you come up here
to Alibaba and it drop down menu right
here you got products and then you got
suppliers you always want to choose
suppliers those the people that are
actually manufacturing the product so
I'm gonna click on search okay now when
I come in to search first thing I do is
I'm gonna click on trade assurance and
verified did I click verified verified
okay so when I click trader surance and
verify i know these are good companies
they've been around a long time and i'm
gonna know that i'm gonna get good
products from them okay so you can see
right here this company has a lot of
water bottles here they don't look like
they have the stainless steel ones it's
important that we understand that
stainless steel water bottles are kind
of the the the thing that everybody
wants right now they're kind of getting
away from the plastic bottles and all
that that's why this this stainless
steel bottle is in the top sellers
okay so this one is in the top seller
because of its a stainless steel water
bottle that's what people are looking
for so when i source this product out
let me go back to here to this this part
this right here is this company right
here is going to be they've been around
three years okay so they've been around
three years I can see their company I
can see everything there is to know
about them so I'm gonna reach out to
this company I'm gonna say what is it
gonna take to source this product and
what is it gonna take to get it into the
warehouse now you can see right here the
so this is going to be stainless steel
water bottles and let me just click on
this right here
you can pick up these water bottles
22:49 pieces for five dollars and fifty
cents you can pick these up for so let's
just say five dollars okay so I'm going
to put five dollars here I'm going to go
back to the revenue calculator I'm just
gonna put in five right here ships to
Amazon so what is it gonna cost a ship
to Amazon per product let's just say
it's $1 per per bottle or a poor poor
package and I'm gonna calculate this and
you can see right here that my net
margin on this is going to be around 73
between 59 and 73 percent that is a
great margin right there okay so that is
going to be something that you would get
those products get them into the
warehouse and you would make a huge
amount of percentage of their so you can
see 73 percent is a great margin on this
product okay so I would definitely jump
on this one and I would get this product
rolling and I would get this product
quickly so you can reach out to any of
these manufacturers on Alibaba but the
important thing is is you you gotta find
the products that are that are selling
hot on Amazon right now you never want
to just like think outside the box and
say well I think this product is good
know just start going in and find a
products that you know are selling hot
right now on Amazon and what you can do
is you can just jump into this category
and you know you can get in and get
going with this okay so you can come in
here and you can let's just type in
stainless steel steel water stainless
steel water bottle so you have the first
three ones that are sponsored and then
you have all these other ones down here
that are not sponsored and you can see
that even you know these guys are trying
to sell them for 15 23 26 24 15 okay so
what you can do is you can play around
with the calculator here and you can
change these fees around so if you're
gonna sell it for $20 okay and your you
have to pick up pick up the product at
$5 now your net margin is gonna be
reduced
okay it's gonna be reduced down here to
almost 29% and this is just kind of you
know when you go through your
manufacturers and you go through and you
talk to the company here they're going
to give you all the details on what it's
going to cost to you know get the UPC
codes on
the packaging get the UPC codes on to
the the larger packaging of it and get
those products you know put into a
freight forwarding company and put them
into the warehouse they're gonna know
those details so you can come back in
here to this calculator and play around
these numbers until you get a percentage
that looks good I like to see 50 percent
or more on these profit margins because
if you're buying pay-per-click ads and
you're trying to get to number one on
Amazon if you're trying to get up here
to number one and you're buying some
sponsored ads here that's gonna cut into
your you know your net profits aren't
there so you want to see about fifty
percent markup on these products to make
money with this okay and that's that's
how you really go out there and you find
great products right here and you can
crush it by doing this what I recommend
you doing is you find it a product and
you you bump it up to like 10,000 every
month as far as profit margin and then
you find another product but she'd
always should be looking for new
products all the time but if you find if
you find you know one product and you
get it up to ten thousand every month go
out and find another product and do the
same thing okay don't look for those
products that are doing 400 thousand
dollars a month those are too high
they're too crazy it's not gonna really
work for you okay
so again you want to if you didn't see
that you can use the calculator here
it's fulfillment by Amazon revenue
calculator it's that one tool I use all
the time so I'm just going back and
forth so I'm just coming into here to
the bestsellers and I'm just going to
let's just let's just type Pet Supplies
okay so I can come in here and look for
something in pet supplies I can go out
there and find a manufacturer that's
gonna have these pet supplies going out
with pet supplies I probably will look
something like this this is like puppy
pads or something like that
so I would go find a supplier for this
but you can just go up here to the the
URL up here and this is the Aysen if you
see that up there it's it's it's this
number it's kind of you want it's kind
of in the middle of the link right there
and it's you'll start to see the number
and you'll start to get an idea of the
different ace and number two you want to
grab but any of these these numbers
right here you can use so if I come back
here to this one you can see this one is
a b00 BSY so I'll just take that copy
that
and I can come back to try another
product okay so I can do a search on
this
I guess it's that one alright so so like
yeah that's it right there so then I
would try this product and we put the
price in here for this product night
1199 okay so would start like that so
1199 right here I would do 1199 okay so
now what I do is go out and find the
manufacturer now I need to find a cost
it's super cheap I need to find
something that's gonna cost me 50 cents
or you know a dollar so I can have my
net margins at least 50% and when you do
that you start crushing it alright so
there you go I tell you go ahead and
find the great product use these tools
use a you know use Alibaba use all those
and just go out there and crush it let
me know your success in the comments
below and let me know there's any that
can help this is Tyler Pratt I hope you
enjoyed that I look forward to seeing
you on the next one
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