🔥 How Much Money do YOU Need to START on Amazon FBA (LESS THAN YOU THINK!)


What is up ninjas! Today we’re going to
talk about exactly how much money it Takes to get started on Amazon FBA and
spoiler alert it’s a lot less than you Might think! What is up ninjas welcome back to the
final episodes in the Airbnb kitchen Before I get my new place to locks on
the beach what we’re gonna be talking About today is how much money do you
need to start Amazon FBA And this is going to be an actual amount
right a lot of the other people out There a lot of the other people who are
teaching this right they’re telling you You can get started with $500 or $1,000
that is not realistically the case if You want to get started correctly and
build an actual scalable business Without having to penny pinch and you
know cut corners and avoid actual nice Product photos and do it the right way
you are not going to be able to launch a Product on Amazon FBA and create a
sustainable actual business with $100 Like some of these other so-called gurus
are telling you or $1000 like some of These so-called gurus are telling you
we’re going to be going through what it Actually costs what you actually need to
get started but before we do that guys I Just wanted to shout out to my boy
Phillip who won our daily 100 dollar Giveaway that we are just now starting
every single day every single video that we released we are going to go down and
pick out one of your guys’s comments and we are going to make that the winner and
we are going to immediately send you $100 I had these shout out my boy Phil
he actually messaged our page might the official Kevin David Facebook page and
he sent me proof that he is subscribed that he does have notification bells on
he sent him that hundred dollars directly to his PayPal so if you guys
want to enter all you have to do is leave a comment we are going to pick our
favorite comment shoot a message to the official Kevin David page and we’re
gonna send you $100 so let’s get into this guys how much money do you need to
actually realistically start Amazon FBA so with my discounts guys I get a lot of
discounts from some of the biggest names out there like viral launch like Amazon
are like jungle Scout like all of these different service that you need to start
right so all of these amounts that we’re gonna show are going to be our heavily
discounted amounts and we are going to include all of the lengths that you
I need to actually start using these software at the heavily discounted price
right so the first thing that we are going to talk about is product research
software so what you actually need to find these products that are going to
give you results right find you these products that are the diamonds in the
rough the ones that are going to make you money the ones that don’t have a ton
of competition and that do have a lot of profit margin for you to work with right
so the viral launch web app is $20 so if we look right here we can see that the
product discovery with our discount and I’m not gonna show every single one of
these guys but I just wanted to show you a couple of them right our discount
brings it all the way down to 1692 a month or if you want the sourcing expert
which includes a few more things 28:58 a month right but as cheap as 1692 a month
and again if you want the market intelligence right this is the Chrome
extension that they offer instead of their normal you know 1667 a month or
$20 a month we get it for as cheap as 1167 a month right so I just wanted to
average that out show you guys that we really do get these really amazing
discounts for the FBA ninjas on all of the products and services that you
actually need to be successful on Amazon FB Hey
right so the web app and the Chrome extension cost you 34 total dollars
you’ll never find that cheaper anywhere and these software these pieces of
software guys are incredible I know the founder and owner of our launch the dude
is incredibly smart um samples right so when you are actually going to order
your product from your manufacturer in China to get samples right to inspect
the initial quality a lot of people you know say that you can skip samples I
never personally skip samples unless it’s an unbelievably simple product but
you know in 99% of cases I do get samples so this means let’s say that I
want to source 500 garlic presses I would want to get a sample of one of
those garlic presses from my manufacturer sent to my house right I
have one sample sent to me and I’ve one sample sent to my product photographer
which we will talk about down here right to take pictures of it and get beautiful
images of it for me to use on my listing but for right now right I get a sample
sent to me and I want to look at it I want to look at the packaging I want to
look at everything I want to make sure that this final sample this final
product exactly how I will send to Amazon is perfect right the the
packaging looks amazing the the quality looks amazing if there’s
any bubble wrap or anything that you need to do to keep your products safe is
there and looks great that your barcode that Amazon actually sent us scans right
your FN skew is there everything looks amazing it’s a final version of my
product and it looks great the quality’s there everything is perfect right so I
send one sample to me and I said one sample to my product photographer and
that usually costs you know anywhere from 75 or 50 to up to 150 dollars I
budgeted 150 dollars here guys because I want to be realistic again I could tell
you that you could get started on Amazon FBA and become a millionaire with $100
but that’s just not realistic this is a business it requires investment it takes
money to make money in almost all cases guys so I like always I want to be
completely transparent so if you’re going to PL or private label your actual
products with your own logo if you can get one for as cheap as five dollars
right I’ve gotten a bunch of really awesome logos made on Fiverr comm with
$5 so just go to fiverr.com fiv er are calm and look up logo design or graphic
artists and you can get a logo made for literally five or ten dollars and it
looks incredible right the next thing we need to talk about is barcodes and you
can get barcodes for as little as $5 and what I mean by barcodes guys is you need
what it’s called a UPC write or a universal product code which you
basically assign to your product listing when you do create a new product listing
on Amazon and you need that unique code to do that and so now that it is 2018
right there’s been some rumors that you need what’s called a gs1 barcode which
are significantly more expensive than five dollars again I’m just trying to be
fully transparent with you guys but as of right now you do not need gs1
barcodes to actually create new product listings and so until that moment comes
where Amazon forces you to use gs1 specific barcodes which are you know
some some can be as expensive as 700 year I’m not going to do that because
it’s a ridiculously cheap you can’t go to ebay and type in UPC codes and you
can get them you know 10,000 for for $4.99 and we see a lot of these sell
right and so barcodes can be super cheap you do need them to create new products
so let’s get to the expensive stuff the units obviously I can’t tell you how
much per unit cost be-because you could sell something like
you know a fidget spinner that cost 10 cents to make or you can sell something
like a ping pong table that costs $100 to make so I’m going to just use a kind
of average that I’ve seen for many of my products which is $3.00 per unit and
this includes glossy white packaging with your logo printed on the front of
your package and a sticker barcode on the back guy so this is a fully ready to
sell product that you then actually shipped to Amazon FBA I never generally
recommend buying less than around 500 units because you need enough units to
actually launch successfully and that means you need to give away units more
units than the people on page 1 are currently selling to actually outrank
them and get past them and move up on page 1 to actually kind of start to get
that visibility from Amazon buyers and sustain that rank and get those organic
sales which is what the profit from Amazon FBA it really comes from right so
a lot of people will buy a hundred units or 200 units they’ll get at Amazon FBA
and they’ll realize that the people on page 1 are selling 10 units a day and
for them to actually get to page 1 also they need to sell 11 units a day and so
they’re giving away 11 units for you know between 3 and 7 days the amount of
time that it takes to get to page 1 and then all of a sudden you know half their
inventory has gone just from giveaways to get to page 1 and you know by the
time that they’re getting all these organic sales they’re already out of
stock right so a lot of people and a lot of you know so-called gurus out there
will say you know order 100 units order 200 units and then they’ll heal and then
you’ll do that and you’ll realize that to get any organic sales you have to
launch correctly and to launch correctly you have to give away units and by the
time you give away those units you don’t have enough to actually sell and make
profit right and so the least time that I generally like to recommend or the
least amount of units I’d recommend buy is about 500 that gives you enough kind
of leeway to do a launch correctly to get to page 1 and then still have enough
units to make your money back and then make significant profit on top of that
umm adding labels guys I just wanted to include this really quickly because a
lot of times manufacturers will tell you that it costs you know 10 cents 25 cents
for them to actually add labels or the little barcode stickers on the back of
your box that each product is inside of and that’s want to be really clear guys
so there’s a little box like this there’s a garlic press inside there’s
your logo you had designed printed on the outside
of this white glossy box and on the back of your box there’s a little UPC sticker
which is a barcode that actually you create from your UPC that you bought
you know from ebay for example on this on this example right so they usually
will say okay well it cost 10 cents or 25 cents for us to assign these stickers
and you tell them absolutely not that should be free that should be included
in it because they literally 99.9 percent of the time will do that for
free you just have to know that it should be free so I just wanted to
include that just so you guys can kind of see and see that and not fall victim
to paying an extra you know cost per unit because at the end of the day every
cent counts for increasing your profit um
package design so I included this one because package design actually is
pretty important what I like to do with Amazon FBA and the reason that I’ve
actually been able to get some success is that I always go after the premium
option right you never want to compete on price with people who are already
selling in the niche that you want to enter you always want to be the premium
option you always want to demand a higher price because you know you have a
better package or because your product has additional items with it that you’re
bundling or you’re adding value in some way right and so enough so something
that I like to include is having a nicely designed package so don’t skip
out on that right you can have anybody from fiber or upwork or whatever you
know actually create your package design for you if you want to spend a little
bit more and make a very beautiful packaging I recommend a company called
outline Matic and I actually will include a link down below with our you
know Amazon FBA ninja discount code of course every link in this description
guys will be a heavily discounted link I want to save you guys as much money as I
possibly can because I know that getting started on Amazon FBA is hard right it
cost money and I want to make the most realistic estimate that I can possibly
give you guys you know and in doing so give you all of the discounts that I can
possibly offer you guys to get started in the right way and do this so you can
actually create a real income from it and a real you know career from it and
leave your 9 to 5 grand behind alright so the next cost if you want to consider
is the inspection cost and anyone who tells you that you can skip an
inspection slap them directly in their face one-time inspections are incredibly
important and you should never ever ignore inspection what inspections
actually mean is before you ever release the 70% final payment to your
manufacturer your goods need to pass inspection this means that they need to
you need to hire a third party company that has nothing to do with your
manufacturer to come in take a sampling of all of units that you had created and
give you a report saying you know these products either are very high quality
everything that you wanted is good to go or you know they look like complete crap
and you should not pay the 70% deposit until they are fixed right so never ever
ever ever ever ignore the inspection it is so incredibly important and a lot of
people ask me Kevin do you continue to get inspections over and over again as
you reorder from the same supplier the answer is absolutely yes I get an
inspection every single time I can’t even tell you how many times we’ve
gotten inspections for companies that we’ve used for years and you know they
had a different sales manager come in or they had their Quality Assurance team
replaced or you know he was you know sick and they had somebody else in and
you know just all of these situations happen that you are very outside your
control and the only way to catch and make sure that you have the highest
quality product so you’re Amazon customers aren’t returning them and you
don’t have issues down the line is by getting an inspection so this is the
best possible money that you could spend for the entire process of Amazon FBA
from start to finish never ignore it you can get an entire
mandate of someone’s time in China $4.99 USD and which is an incredible deal
right and so the next thing that we have to talk about is shipping so for $1,500
you can get three you can get five hundred units at three dollars per unit
and you know shipping is gonna vary incredibly based on the product that you
buy right and so before you actually go to invest what I suggest is reaching out
to your freight forwarder if you’re a part of the Amazon FBA ninja family
right if you’re part of the Black Belts group you can use my freight forwarders
and you can just reach out to them with a quick email or a message right we have
all their Skype information and everything and say hey I’m thinking
about ordering 500 bowling balls how much is it gonna cost for me to ship via
air and via C and they can give you that number right it’s very difficult to get
this number it’s probably the biggest kind of variable that’s most difficult
to get to come up with the final profitability analysis of investing in a
new product right because shipping 500 of bowling balls versus for shipping 500
feathers it has a huge difference in actual cost right from a weight
perspective and from a volume perspective
which are the two metrics that actually determine shipping costs right and then
the biggest other thing is whether you’re shipping it by sea which takes
between two and three months from start to finish to actually arrive in the
Amazon FBA warehouse but is cheaper versus shipping by air which can take
you know anywhere from three to seven or ten days even which is obviously much
more expensive but can sometimes be better if you need to get back in stock
and things like that so the next gossip you want to consider is product
photography and guys I put do not ignore here because it’s so incredibly
important to not be cheap about your product photography and we included a
link here with viral launches product photography service which is the best
right and they gave us an incredible discount guys we’re saving literally
hundreds of dollars with the discount that we’re giving you guys for
completely for free just for watching this video and they do very very good
work from a product photography perspective if you’re buying a product
that requires lifestyle photos write pictures of the cute little babies or a
beautiful woman wearing you know a dress or on like a beach towel or something
like that then you’ll have to get the more expensive version but still they
have the best deals I’ve seen anywhere with this discount they’ve given us an
incredible discount viral launch you know in KC or good friends of mine and
they do very very good work do not be cheap guys if you’re listening to
anything I’m saying during this entire video don’t be cheap with product
photography it makes or breaks out this can be the difference one picture can be
the difference between being successful on Amazon FBA and leaving your
nine-to-five corporate job behind you forever and living on a beach in
Thailand and being in a cubicle for the next 50 years so don’t be cheap when it
comes to products ography I know that sounds extreme but that’s as important
as product photography is I’m just trying to portray it as best I can
through this YouTube screen right the next cost is the Amazon seller account
fee this is a thirty nine ninety nine dollar fee so you pay it once a month
they generally when you open your Amazon seller account they’ll start charging
you from that date but Amazon all you to do is let’s say that I started on
January 1st but my products didn’t arrive until you know March 1st so they
charged me twice but I wasn’t actually using it just submit a chat right open
to chat with Amazon seller support and say hey can I get a refund for the two
months that I did my inventory wasn’t actually here and they’ll
always refund you if they say they won’t then just open a new chat window and
that guarantee you that we’re fund you immediately it’s super quick super easy
and that’s a little ninja tactic for you guys right there and so that brings our
total guys to two thousand eight hundred and eighty seven dollars and ninety nine
cents and if you added this up yourself you’ll say Kevin wait but it’s not your
hundred fifty dollars higher well the reason for that guys is the one hundred
and fifty dollar sample cost if you know what you’re doing you can get that
actually deducted from your first order so you’ll pay the 150 for your
handy-dandy you know sample garlic press sample to
yourself and one to your product photographer but they will refund you
that one hundred fifty dollars when you pay your 70 percent final payment after
you’ve passed your inspection right so you can actually get that hundred fifty
dollars back when you pay the final 70 percent and so that brings us to you
know about a little bit less than twenty nine hundred dollars guys and this is a
realistic estimate this is a real estimate anyone else who’s out there
who’s telling you you know you can get started on Amazon FBA for $300 no you
can’t just to be perfectly frank right I don’t want to establish unrealistic
expectations for you guys I want you to actually be prepared for what is
involved with this business is Amazon FBA amazing can it change your life
absolutely I’m the perfect example of Amazon FBA completely changing someone’s
life but can you do it with a hundred dollars to start or a thousand dollars
to start you know it’s possible with a thousand dollars but it’s not possible
to do it right right two thousand dollars is a little closer comfortably
if you want to start this business the right way from the start to finish doing
things right getting beautiful pictures right getting your inspection getting
nice packaging getting you know quality units doing things correctly from a
product photography standpoint this is the amount that you realistically need
guys and the last thing that I want to include in this specific video is the
cost of the mistakes I made and this is not I promise you this is not me saying
you know go out there and buy the Amazon FBA course if you like somebody else’s
course if you like somebody else’s knowledge better if you think that
they’re you know smarter and know what they’re talking about more than me then
go ahead and do that I seriously I mean it but I just wanted to highlight the
cost of the mistakes I made by trying to stubbornly do this all by myself rather
than finding a mentor and finding somebody who actually has done this been
through these things before made these mistakes before
and COO who could have saved me so much more money than their course would have
cost and so I just want to go through a few examples so I didn’t know what I was
doing for a freight forwarder so I went with FBA forward I believe is who it was
and they had terrible customer service right they charge me so much more than
the exact same service would have charged me like if I if I went with a
freight forwarder that was based outside the USA so I’ve actually gotten quotes
later on and after I’ve been doing this for a few years with FBA forward and
with some of the USA companies who advertised heavily and with the freight
porters that my students and I currently use and they were literally five times
more expensive than for the exact same thing using the freight forwarder that
my students that I used to just make sure that you’re finding the right
freight forwarders because it can save you so much money and that extra five
grand or two grand or whatever it is just immediately goes in your pocket as
profit because you’re getting the exact same thing I didn’t understand customs
right so I didn’t understand you had to have made in China printed on the box
and on your cartons and things like that and so I had to ship them back real able
and put them back to the Chinese port which cost me an extra thousand dollars
so that’s already you know three grand that I lost just for being an idiot I
bought too few units so I only bought three hundred units for one of my
products just didn’t realize how many units you actually had to give away to
get to page one and get those huge organic sales from having the visibility
of being on page one that you wouldn’t otherwise have if you weren’t giving
away those units so I didn’t understand how many units that I needed to get to
page one and get those huge amounts of eyes of Amazon customers onto my product
that is required to actually become super profitable and not have to you
know spend endless money on PPC and giveaways and things like that so I
bought two few units I was stalked out and I lost a ton of money and then I had
to launch another you know launch campaign once I finally stopped back in
and that easily cost me another two thousand dollars that if I had known
what I was doing and how to launch a product for brekkie and how to actually
inventory forecast and how to know exactly how many units to buy in the
first place that I wouldn’t have wasted that two thousand dollars I didn’t
understand PPC and I wasted money learning how to do campaigns correctly
so I really didn’t understand what I was doing from like a PPC perspective you
know I was wasting a ton of money on an automatic campaign
I didn’t understand you know when I was supposed to start manual how to use
broad match versus how to use phrase match how to use or exact match I didn’t
understand what the search term report was I didn’t understand how to interpret
the search term report I didn’t understand how to scale ad campaigns to
become hugely profitable I didn’t understand how to use negative exact
match words to you know kill off the words that were wasting my budget but
weren’t getting me to conversions I didn’t understand how to use low bid
campaigns I didn’t understand anything about PPC and I wasted you know this is
a very conservative estimate of what I wasted on PPC at three thousand dollars
that could easily be ten or twenty or even fifty thousand dollars over the
course of my time with Amazon FBA just learning how to use PPC correctly and I
teach exactly how to do that in my course so you can save you know that
three to fifty grand that I lost and any other course you know it doesn’t have to
be mine any other course up to someone that you trust and someone that you you
know have you seen proven with their actual sales on Amazon proven with their
knowledge and things like that they can save you so much more than their course
costs just with Amazon PPC alone especially if you’re gonna make this
into you know a full-time type business guy so that’s a very conservative eight
thousand dollars that I lost what and you know cut the cost of a course right
you have the cheap courses for 497 a lot of which are you know pretty general and
don’t include like a lot of the really in-depth PPC knowledge and some of the
more advanced topics you have the courses that are for 997 generally from
you know myself and some of the other guys who kind of been around longer and
really go very in-depth and advanced and all this stuff and then you have the
courses that are like three to five thousand dollars just for suckers who
you know they’re spending a million dollars a year on advertising just to
put it in your face so often until you like freak out and pay you know five
grand for a course so that is a very conservative sunk cost lost cause of
seven thousand dollars if I could do it again and if I found somebody that I
liked and respected who was being transparent and gave me the real numbers
and wasn’t trying to lie to me just to get money from me that would have been
the most brain-dead most easiest decision of my life to buy a course
instead of waste eight grand which easily could have actually been like 50
grand if I give realistic PPC numbers you know completely just lighting that
money on fire versus buying a course and learning
somebody who’s already made all those mistakes guys so I hope you enjoyed this
video I hope that you understand that I’m really trying to be very honest and
very transparent I don’t want to you know give out the example and give up
make it seem like anybody in the world can get started on Amazon FBA and those
rainbows and unicorns and everyone’s gonna be happy and live happily ever
after right that’s just simply not necessarily how business always works
Amazon FBA it does require money to get started it does take some initial
capital to get started so if you guys enjoyed this video make sure that you
actually join the ninja family smash the subscribe button directly in its face
join the family turn on those notifications bells and we will see you
on the next one because we’re gonna continue putting out the absolute best
knowledge on Amazon on Shopify on facebook ads on every single topic you
could possibly imagine on the internet making money leaving the 9 to 5 grind
behind you forever

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