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@TravisMarziani Thanks for the info Travis! I didn't understand the second month, the amount he said he lost doesn't make sense to me. I must be missing some costs, can you please explain it?
@@TravisMarziani definitely going to watch the 8-hour course what I don't like I'm going to be really honest with you what I don't like is the fact that it's only a 14-day money back guarantee like usually everything is 30 to 45 days so if you just shut this down in 14 days I absolutely know you can't learn enough to know if this is going to work for the individual taking the course so I want to know why you're so conservative with your money back guarantee there has to be a reason without a doubt If you don't feel like your course is going to work for most people and that 14 day is your outs were you still keep the $1,000 then that's not good In other words that that's not nice for you to do If you believe in your course then you would give a 30-day money back guarantee at least that let's keep in mind we're looking at overseas we're looking at building a something from out of nothing and you also talk about how you will help somebody with a product but when I'm looking at the reviews that's not the case now I may be wrong so just come here and say yes if you don't have an idea you'll help you say you help with the manufacturers that's not what I'm seeing on the reviews so please really make it known here what you're willing to to help us move forward
Yall .... I am an amazon seller and let me tell you - Selling $400,000 and getting only $100,000 in profit for the year sucks when you look at how much work and headache is involved with dealing with crap quality from China, competition from copycats that come up and steal your sales, customers who lie and return stuff defective, etc. These videos fool you into thinking it is a great no-brainer but the reality is it is real work and it just sucks. Go explore more profitable ways to do business. You have to sell massive amounts in order to make money on Amazon and deal with a ton of BS on all sides. Is 25% profit good to you? This video makes it sound like it but it leaves out many of his other costs. I didn't see it talk about the loss of money in returned product because of poor quality. Plus he got a California business license but lives in Florida? Anyway - TAXES! especially in CA. This dude quit his job. Is he really living off $100,000 a year (less if you take out even more costs of doing business). He will have to work hard to beat down the copycats especially since he just revealed his business on this video. He's gonna have to get back on Helium 10 to find a new product to sell. More research time. And he even admitted that he just copied someone else selling the same product and just did a better job with marketing. Like I said - Amazon is flooded with copycats! It's a very tough market! You can only make money by starting a RU-vid channel and talking about selling. People like MyAmazonGuy have admitted that they have scaled back their selling on Amazon BUT STILL DO VIDEOS because that's where they are really making the money now.
💯 agree with you they never told you about the dark side of this business. what about return, negative reviews, fake buyers, ip complaints bla bla and one morning u'll wake up and find Amazon has removed ur listing all of ur inventory will go in drain and u already left the job ??? like seriously it's very easy to sit in an office and fascinate the peoples
Agree.One of the major 'mistakes' he made was he 'ran out of inventory'. Well how is he supposed to order and pay for more inventory when he hasn't received the money from Amazon yet. He had about 5k in cash at the start, but he really needed at least 15k in cash in order to scale up in inventory once the product started selling well. Also, what about when the product stops selling well (due to competition, poor reviews, quality issues or whatever). He will be left with a lot of stock which he is paying Amazon to store every month. It just ain't that simple!
2nd month, he ran out of inventory. I assume he did in the middle of the month and he placed an order. You are subtracting the order which is for the future sell from the monthly revenue which does not make sense. If you run out of inventory you may lose the opportunity, amazon ranking, and etc but you do not directly lose money. I am not an accountant but well that did not sound good. One reason that he lost money is because of returns, so the first month he actually did not make that amount since the returns would hit the second month.
They talk about profit each month but never revisited his startup costs and all the costs to refill his inventory. He realistically made no profit for the first 7 months. And if he didn't have the capital to continue injecting money into his business to keep it running, he would've never made it to those late months where he made real profit. For people who don't have 10s of thousands of dollars in initial capital, they would've failed early on and ended up in more debt. I think that's a huge issue to address. This is why most small businesses fail within their first two years.
Thanks but I disagree. Yes, having a lot money would really be good and would make things easier when starting out but that is not all there is. There are ways you can fund your business without taking it all out from your own pocket. It's really about using the right method and finding the right product to sell
@@TravisMarziani So you disagree with the statement that it takes a significant amount of capital to start and maintain this business model, which you literally showed us throughout the video with quotes of his expenses and revenue. And your reasoning for why you disagree is that you don't need capital to solely come from your own pocket, because you can generate capital from other sources. By your own statement, you admitted that you still need capital, regardless of where it comes from, to start and maintain this business model.
I'm left scratching my head after hearing his manufacturer couldn't keep up with his 400k in sales. It's not that much for a manufacturer. I'm curious why he encountered this problem 😮
I think the key is to, lets say you order 4k worth of inventory and if you run out maybe bump it to 6k, and if that runs out bump it to 8k and just finding the sweet spot? I could be just yapping since ive never sold on amazon BUT i will start very soon, just getting capital atm.
Brother, I like your videos, but the truth is that there are many gaps in this video that are very important to know the reality. Many people who have never sold on Amazon may get excited and, in the end, may get disappointed when they realize that reality is not as you describe in this video. For example, when you start showing the numbers month by month, you don't include the PPC costs, and I don't think that person could have launched their product without PPC. Assuming they didn't use PPC and sent external traffic to start, that also involves significant expenses. You don't talk about returns. That's also an important cost that Amazon takes from your pocket, among other things. In short, it would be very useful for new sellers if you provide more realistic data in another video. Thank you.
@@TravisMarziani Yeah without the costs which is an expense and impacts net profit. Pointless doing the expenses if you're not going to count them all.
I know somebody who is an independent contractor engineer, he doesn't do 9-5, if he has a project he is very busy and has long hour to complete the project. Depends of the client, but honestly he has a repeat clients that he trust, for variety of reasons. He makes good money.
@TravisMarziani It's interesting, so many people talk about passive income...getting passive income, but I think there's still plenty to do in a business to gain passive income. Things to do and tasks to manage. Better to ask ourselves, will I honestly have the energy and interest to do the tasks that the business requires. What are the daily tasks and obstacles of running a Amazon FBA business? That would be a important topic.
I checked "Chef's Haven," the product this guy is selling. It says 200+ units sold last month. That means less than 300 sold per month. That is revenue of $15000 or less. So why is discrepancy?
When doing these videos can you ask how much time and effort each interviewee did per month/week. Some people work 40 hrs a week trying this and give up when really the *magic* number is 60 hrs 2 make $40k per month. Knowing how much time and effort needed will really demystify more of the Amazon selling process. Also, some people dont realize that you may make a profit of say 10K in a month but some of that will be used to buy inventory for the next month due to rolling inventory costs. Talking about rolling inventory costs will also be a big help. I alpreciate this video, very informative.
@@TravisMarziani look at the 8:39m mark of video. He c learly mentions keywords and using ppc. you know you can't sell anything n amazon without ppc today's age. I am selling 5 products right now and without ppc they might as well not be there
Hey Travis it would be an honor to take your course but for minimum wage employee it’s too much for me, it would be a great idea to offer a contest for any individual to win and come and learn from you, it would give the lower class an opportunity to become successful for those who are truly interested, thank you for reading my comment and for the others don’t give up, be patient, everything will come when it’s time and just keep swimming
@@TravisMarziani hey ima try to save up to get your course, prob no for this season but hopefully for the next, do you know when will you be opening the next course schedule?
I try to cover everything in the course but each journey is different. There will always be instances where you think you should have done something better.
I am a software developer making decent income and I am used to this lifestyle now, but I do not wish to continue doing a job, I just want to have something of my own, have a source of passive income. I am not creative tho and everything seems saturated :/
amazon marketplace launced this year in south africa. i really wanna do this. like really want to but dont knw where to start cos these videos are mainly for americans
Travis, at 15:06 you said that you can hire a quality control agent around for around $100. What is the name of the quality control company that you recommend?
Yes, they have their own customer database. You can check out this video to know more about it ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-7T3Szw1zqgE.htmlfeature=shared
How can you run out of inventory, when you do listings dont you put how many you got in inventory? And also do you create listing? And you did advertising? Thanks
Ya, you can avoid that by starting your own online marketplace, growing it to 100s of millions of buyers, spending millions on advertising, investing in 100s of warehouses, 1000s of delivery trucks, and paying 1000s of employees. Just do all of that and you can skip paying Amazon a cut....
It's just right don't you think since they are basically doing a lot to get your product to the customers. You also have to consider the amount of money, time and effort that Amazon spent to get where they are now
this is way far from reality, first that they haven't talked that most knew seller faced is Amazon Ads that consumed lots of your revenue. do not fell in this trick, as they all want to make video and make money from this interview nothing else. not easy to make money from Amazon there are lots competitors that you can't even come close to them with your 4-5000 dollars.
@@TravisMarziani well, you have but wasn't the reality, you can launch a product and with one product you become rich. first when you launch a product until you don't do ppc ads, people will not find you even in the 50 pages of Amazon so you can sell. second, when you do ppc you have to have more than 1000 in stocks and you can do with 250, and selll 20 items in a day. however, the Jungle scout and Helium is bull sh*it, it shows the product that selling more but when you launch that product even with very low price no one purchase that, now you may tell me that listings and pictures and blah blah, don't worry every thing we done correctly even better than the one who sell more but the reason some thing else which review and having control of the market. you can not compete with 5000 dollar cash with the who has 50,000 dollar investment including experience. so I suggest be realistic and help people show the reality and tell the dark side too as you say the good side. thanks
Hard to believe. I have product with 4.1 stars I’m luck to break even after PPC and Amazon taking all the money. He’s making all this money with 3.5stars and very little review.
same i feel like half his videos have made-up numbers. But speaking about your product, do you spend too much on PPC's? or is your product not priced very high, I could be wrong but you should at-least have a 10% profit margin at the very least, and comfortably around 22%.
@@morphanok6932 ya profit should be minimum 10% realistically between 18-22%, after PPC, selling fee, p&p fee, product costs etc. I had a few products do well over covid but I stopped since i went back to school for masters. I'm graduating this summer and want to get back into FBA that's why I commented under the video. what's ur story
Sorry but no offense Travis! You talk more with less useful content. You need to increase the content proportion with less amount of talk making yourself more inspiring and look mature as well. I mean the content delivered in 16 mins could be within 6 mins but more side talks, emotional and marketing stunts made it lengthy, boring and childish.
Gosh, you are annoying. Can you please let him talk and also talk as an interviewer, not translate everything as if you are talking about someone third person.
@@TravisMarzianiYou did a good job. Don’t worry. I’m learning lots of great info from these videos. I like that you control it so the points you are trying to make are concise.
HI Travis , I just started my amazon seller account and I'm really in need of help from adding product to finding product and mu h more I would like your help please I don't want to keep paying Amazon monthly fee and not having product to sell. please if you could be my mentor for little bite and help me out to get my first product out would be very nice of you. please
Hey Samira! would be happy to be your mentor. I do have a program where I help new sellers create their Amazon FBA business, from finding a product to sell to launching it on Amazon. You can sign up to the waitlist here www.effectiveecommerce.com/amazoncourse
@@TravisMarziani Hi, Thanks for your response. I have quick question regarding LLC and EIN number for the Amazon seller account. I have not open that yet I want to make some sells first and then open a LLC with EIN number is it ok to wait and do that after couple of sells? Or can I use my husband business EIN number and open a DBA under his LLC would it be ok with amazon please answer my question. Thank you inn advance.
