How Much Money Do You REALLY Need To Start Selling On Amazon?

There’s a huge misconception that it takes a lot of capital to start selling on Amazon. Discover how to build a successful business with Amazon – FREE Training Series.

How Much Money Do You Really Need To Start Selling On Amazon?

We have two products that we’re going to show you that can both be sourced for as little as $500, and they do crazy amounts of sales on Amazon.

One of the things that I love about Amazon is that it allows you to start wherever your budget is. Now, we never recommend starting with too big of a budget because when you’re just getting started, you want to reduce the amount of risk as possible. But you can get started with as little as only a few hundred dollars up to as many thousand as you want. It’s just going to depend on how much research you do looking for those products that’ll give you that minimum order quantity.

Let’s talk first about this stethoscope right here. This product sells for about $25 on Amazon, but it does almost a million dollars in sales a year.

Even though it’s selling for 25 and doing over a million dollars a year in revenue, the cost to source this product and buy it yourself: $1.30. They sell it for 25.

The challenge with this is a lot of people look at this, and they wonder, where are you going to find these products? How are you going to source these products? It’s so easy, you use sources like Alibaba, and you can source these products so quickly, start communicating with the manufacturers right away.

For under $500 guaranteed you can get started, well, with both of these products. But a top-selling product that sells over a million dollars a year, getting started for under 500 bucks.

This product, the Finishing Touch Flawless Brows is selling for $20, and you can source this for less than $2. And this product is making almost $1.4 million a year on Amazon.

When we’re talking about getting the suppliers and paying less than $500, there’s not a lot of expenses on top of that. So, when you’re working with the manufacturer, they’ll work with you to be able to create the packaging, to be able to create all the branding, and then you pay, it’s usually about $1 per unit to be able to get it shipped into Amazon’s warehouses. So, really, under $5 you’ve got this product in stock at Amazon that you’re selling for 20, $25 a unit.

Almost every supplier that you’ll find on Alibaba will have some predesigned templates for you. They’ll ask you for your brand name. They’ll go over some options with colors.

Using a product like this, you look at, they have very nice packaging. You don’t need to start with that much detailed packaging. You can begin very plain vanilla, get your product up and selling. Make sure that the consumers want it, that it starts selling.

Another great thing about these, you can quickly build another brand out of it. So, this is one beauty product. There are probably hundreds of other beauty products you could source, maybe from the same supplier. Same thing with any medical equipment. It’s so easy to grow and scale your brand once you’ve picked that first product. But you have to get started to make it happen.

We have a free training series where you can learn the in and outs of being able to find products to sell on Amazon. It’s a six-part training series where we talk about not only why Amazon is such a great opportunity, but also how to find the products to sell, how to find the products, the sourcing, the manufacturers to source those products, and, more importantly, how to launch your product to millions of buying customers on Amazon.

If you want to get started today and learn how to start selling on Amazon, all you need to do is click the link below this video and get immediate access to our training.

Happiness Requires Daily Effort – PART 3

 

“I’m too busy to tell people how busy I am.” – someecards

Charlie Munger, the long-time business partner of Warren Buffett, once mentioned that there are weeks when the only thing scheduled on Buffett’s calendar is a haircut. His calendar will literally say,

“Tuesday: Haircut day.”

Buffett also doesn’t use email or a smartphone.

Without an overly busy schedule, without email, and without a smartphone, he manages to run a company with $240 billion in revenue and 377,000 employees.

I think we all can be a little less busy.

This is the final part in a three-part series I’m sharing with you on using research from positive psychology to improve your well-being. Continue reading “Happiness Requires Daily Effort – PART 3”

One Size Does NOT Fit All – PART 2

 

One size fits all is usually one size fits nobody.

Whether it’s the optimal diet, the optimal way to run a business, or the optimal way to create happiness, no one single solution is best for everyone.

We’re all different.

Tailoring your approach to your uniqueness is the key to faster and longer-lasting results.

This is the second part of a three-part series I’m sharing with you on what I’ve discovered by digging deep into the research produced by the field of positive psychology.

For the first time ever, rigorous academic research is being applied to how we thrive as human beings – in short, how to be happy. Continue reading “One Size Does NOT Fit All – PART 2”

Stop “Looking” For Happiness – PART 1

 

You don’t find happiness, you create it.

I’ve been digging into the work produced by positive psychology researchers lately.

I find it absolutely fascinating.

I read Success Principles by Jack Canfield in my second year of college. Ever since then, I’ve been a voracious reader of self-help books.

The relatively new field of positive psychology takes scientific research standards and applies them to the field of self-help.

In the past, self-proclaimed self-help experts taught strategies they either made up based on their own experiences or based on the experiences of the limited number of people they had worked with.

They didn’t try to isolate what really worked and what didn’t using the same rigor that prescription drugs go through in research trials.

Positive psychology researchers do.

At this point, I’ve read thousands of pages on positive psychology. I’m going to share some of what I consider the most interesting findings…

First, you don’t find happiness, you create it. Continue reading “Stop “Looking” For Happiness – PART 1”

Sell an Amazon Business

Learn how to sell an Amazon business from an expert: Brendan Morris .

One way to be successful on Amazon is to create a successful business, sell it, start another business, and keep repeating the process. Brendan Morris, SellerCon attendee and Amazing Selling Machine member, shares his insight into this process and provides tips on how sellers can effectively build a successful Amazon business that people will want to buy.

His tips include focusing entirely on cash flow, automating as much as the process as possible, strategically selecting smaller items to build up the brand, and doing a ton of research on keywords before starting out.

Index:
How to Sell Your Amazon Business
Increase Cash Flow Before Selling Your Amazon Business
Amazon Automation
Sell Smaller Products on Amazon
Amazon Product Research
Meet This $30 Million Dollar Seller and Entrepreneur – Brendan Morris Video Transcript

Continue reading “Sell an Amazon Business”