How to Sell on Amazon with No Money! Want to learn how to start selling on Amazon with $0?
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About This Video:
In this video I talk about strategies to make money so you can build up an investment to launch your first Amazon FBA product.
I know this video will be beneficial for anyone who wants to start selling on Amazon and mainly the people who don’t have the money to start selling on Amazon right away.
How To Start Selling On Amazon With No Money! - Audio file |
How To Start Selling On Amazon With No Money! - Video transcript |
Hey guys and welcome back to my channel. In todays video I would like to answer the question, can you make money on Amazon even if you don't have any money? So be sure to watch all the way through so you don't miss out on any of the important details as we do have a lot to cover.
Now, before I hop into this video, if you are new to this channel you're going to want to subscribe as I talk about the best ways to make a full time income with Amazon FBA and always get straight to the point.
So please subscribe and turn on your post notifications if you like channels that don’t waste your valuable time, with that said let's get right into this video.
So, can you make money on Amazon even if you don't have any money?
This is a question that I get a lot from my YouTube subscribers and followers. Selling on Amazon is a business. And like any business, there are investments that you will need to make to get it up and running.
If money is an issue for you right now, I want to share with you some other great opportunities to make money on Amazon's platform. So if you want to know the untold truth about what it takes to build an Amazon FBA business, keep watching.
Now, how much money do you need to start an Amazon FBA business? A lot of people underestimate the costs that are involved with an Amazon business so I want to break down the process for you so that you know exactly how much money you will need.
When starting an Amazon business, there are up-front costs. The biggest cost will be your inventory, which you will order from a manufacturer in bulk.
The number of units that you order will be determined based on your manufacturer's minimum order quantity. The majority of your money will go towards investing in inventory.
Amazon receives your products at their fulfillment center. Amazon has hundreds of fulfillment centers all around the world. You will need to pay the FBA fee and the referral fee for using their centers. Also, you need to consider what the fees will be for marketing your products.
You can't just launch a product on Amazon and hope that you magically generate sales. That's not how it works. Yes, there are ways that you can start your business with less money.
This may involve finding a product that doesn't cost a lot of money to source from, placing a smaller inventory order, and saving on your marketing expenses.
However, if your goal is to make a lot of money on Amazon, starting with less money will be an uphill battle. In reality, it's only setting you up for disappointment and struggle.
On top of that, less money means a limited number of products to pursue. This means that you will have to settle for products that may not have the best profit margins or demand. In an already competitive market, this is not the best idea.
This is why I recommend that you start an Amazon business with a couple of thousand dollars.
If you don't have that money, I want to help guide you in a better direction. The goal is to be financially secure enough to start an Amazon business the right way.
Before you even consider starting any type of business there is one thing that you need to accept and understand, you're going to fail and make mistakes along the way.
This is why I am a big believer of in investing in an Amazon training program. Learning from others who have been where you want to go will help prevent you from losing money and making unnecessary mistakes. In turn, you will be able to better leverage the power of Amazon and catapult your success.
You see, there are a lot of steps involved in building an Amazon business and I wouldn't recommend piecing together everything that you need to know by simply watching videos on YouTube. This is why I suggest investing your time in a great free training I have got for you that can guide you through this process.
I recommend this training because this is the best training on the market and one that I have personally gone through. They walk you through step-by-step, every aspect of what it takes to start, grow and scale your Amazon business.
This training will build off of what I've talked about inside my videos so I left a link for you in the description and if you're serious about selling on Amazon I encourage you to check it out!
Another thing to take into account is that building a business is a long-term investment. You won't see results right away. It's not like a 9 to 5 job where you get paid for the 40 hours of work that you put in. If that's what you were expecting, this may not be the business for you.
You can put a thousand hours into any online business and still not make any money from your efforts. It's not about the amount of time or money that you invest in your business. Rather, it's about what you create and the amount of value that you add.
You need to get real with yourself and determine if you're willing to delay gratification and build an asset that will provide for you, long-term.
Now that I've given you the hard truth, let's explore the other avenues on Amazon that you can take advantage of if you aren't financially secure yet.
The first alternative to selling on Amazon FBA is publishing books on Amazon which is a cheaper alternative to selling physical products.
This is a great business model for getting your feet wet and learning how Amazon works. If you choose to write your own book, the only cost involved is hiring someone to design a book cover. This is something that can be done fairly inexpensively on Fiverr or with a software called Designerr.
That being said, I would recommend that you hire a book editor and invest some money into the marketing of your book.
If you have a couple of hundred books, hire a ghostwriter to write your book for you. This will save you a lot of time and energy. You can find a lot of experienced freelance writers via the platform Upwork.
Although you won't make a lot of money with this business model, you can still expect to make a couple hundred to a couple of thousand dollars per month from an Amazon Book Publishing business.
A second avenue for making money on Amazon is by being an Amazon affiliate. You can start with very little money. This model gives you the opportunity to promote products on Amazon and earn an affiliate commission from that. However, in order to apply for Amazon's affiliate program, Amazon Associates, you will need to have a website.
There are some expenses involved in creating a website, like purchasing a domain name and setting up hosting.
I'll be honest, it can be challenging to make a lot of money as an Amazon affiliate. If you're interested in doing affiliate marketing, there are a lot of other better opportunities that you can explore.
You are better of focusing on promoting high ticket items with a higher commission percentage then what the Amazon affiliate program has to offer.
Alternatively, if you have experience in a skill like accounting, blog writing, video editing or graphic design, you could always become a freelancer online. It's easy to promote your services via Upwork or Fiverr.
Companies will pay you for your services on a per-project or per-hour basis. If you have the desire to eventually build an Amazon FBA business, freelancing is a great way to start saving so that you can eventually invest in a business of your own.
If you are serious about building an Amazon business, I encourage you to follow my YouTube channel where I share my best tips and strategies for success with eCommerce.
So, these are a few ways to make money on Amazon. But first, are you financially ready?
If money is tight right now, your number 1 priority is figuring out what you can do to get your finances in order. If you can't do that, building an online business may not be for you.
Trust me when I say that figuring out how to build a successful business is a lot harder in comparison to finding some extra work.
When you have a good amount of money to invest in an Amazon business, you will go so much further and faster than you ever would if you budget your way through the process.
At the end of the day, it always comes down to how bad you want success. If you are willing to make the necessary sacrifices and work as if your life depends on it, there is no limit to how far you can go and how much money you can make.
Thanks for watching and please make sure to watch the next videos with more Amazon FBA tips that will show up right about now.
