HOW TO MAKE MONEY WITH AMAZON? OVERVIEW FROM ENGINEER TURNED $1,000,000 AMAZON SELLER
How To Make Money With Amazon FBA? That's the question I asked myself in May 2015 in my Electrical Engineer's office at a local steelworks. Fast forward to July 2017 and we have just passed £780,000 in sales which are over $1,000,000 according to google currency converter. Not only that, I have systemized and automated the business by building a team of 20 virtual assistants and 3 warehouse employees.
I am now free to pursue my real passion which is my personal brand: Life Success Engineer. The brand is documenting my journey through Personal Development and Entrepreneurship which has taken me to two Tony Robbins Unleash The Power Within Seminars and to T-Harv Eker's Millionaire Mind Intensive Seminar. Now I get to help others get started online using my YouTube Channel as a vehicle to fulfill my ultimate goal of impacting 1,000,000 people.
WATCH ME MAKE MONEY ON AMAZON BELOW
FULFILLED BY AMAZON (FBA) OVERVIEW
As the video above showed, Amazon has created a program called Fulfilled By Amazon which allows sellers to ship products to Amazon and then they can be sold from Amazon's marketplace. To customers, everything is just as it has always been. The only difference is when there is a third party seller, its says “Sold by “Seller Name” and Fulfilled by Amazon”.
You can become the seller and begin making a profit selling simple products without having to deal with the shipping or customer service.
Below are the steps to getting started with Amazon simplified as much as possible. This will be assuming you start an Amazon Seller Central account and provide all the required documentation to Amazon to get set up.
Step 1: Research & Find Profitable Products
Finding the products is the most difficult step. At the beginning, it takes many hours as you look through different online stores trying to find different deals but the most important thing about this research is the information Amazon give you about every product on the site. By knowing what you are looking for we can find the following information:
Sellers Rank: How Many Times The Products Have Sold In The Past?
Price History: What The Current Price Is & How Long The Price Has Been Stable?
This then allows you to make the decision to purchase the product and send it to Amazon to be sold to customers.
Step 2: Purchase Your Products
Purchasing the products is also an opportunity to make money through “TopCashBackSites” and “Credit Card Bonus Features”. Over the past 24 months, we have made thousands of pounds of “free” money just by entering we use these sites and as many discount codes as possible.
Step 2: Preparation Of Products & Shipping
All products need to be correctly prepared to be shipped to Amazon. Amazon has a comprehensive preparation guidance section on the website to ensure this is done as required. As you begin to purchase more and more products, the size of the operation gets bigger and bigger as you ship more products. After 6 months, I quit my job to concentrate on Amazon full time. It resulting us needing a warehouse as we got too big to operate from home.
Step 3: Scaling & Automation
Now it is a case of repeating the process as much and as quickly as possible. For this I began to recruit Virtual Assistants that would do the tasks for me. Below are some of the tasks that have been outsourced:
- Uploading Inventory
- Management Of Pricing
- Customer Messages
- Amazon Seller Account Management
- Amazon Reports
It's been quite a journey however it is now paying off. I highly recommend anyone to consider Amazon as a platform to start selling products.
ABOUT ME – KEVIN BLACKBURN
It's been a crazy 24 months but my attention has turned to helping people from my YouTube Channel.
The only way I know how is to keep taking action building a successful balanced life. Having 2 young children in a small family, the internet has given me the opportunity to design the lifestyle that suits us away from the traditional way of living.
To read my full story, check out my about page on the blog.