I actually launched my first product for 700 dollars now I have 2 more products it took way longer to scale that way about 4 months longer but the more you do it the easier it is my second launch I had 2200 to put into it.
Matt King completely agree. It takes longer and more time to scale. That’s why my first year was slower and then since it’s got 10 times faster as now I have more capital!
Many don't understand the importance of cash flow and trying to start with minimal capital investment. You should always have at least 2.5x the amount of starting capital for each product. If inventory cost you $1k , then you should have $2500..What if your product sells well, then how are you gonna order more product and pay your suppliers with only $1k. Don't expect Amazon to pay you right away and not to mention other things you need like software tools, pictures, packaging, shipping, inspection, marketing, etc..People need to think like real business owners.
@@TrevinPeterson Cmon people lets be real here, Amazon isn't like it was in 2017. In 2020 you probably need around $5k + to really make any decent profit and scale your business fast. Anything less and if your first couple of products don't do well, you are gonna run into cash flow problems. 90% of Amazon sellers fail because of cash flow and thus the reason they don't scale their business as fast as others do. Then again most new Amazon FBA sellers don't even know what it means to really run a business. Either build up your capital or just be a Amazon FBA dreamer.
Great advice. I launched my first product with $350.00! No kidding. Is that the slow way to do it? Yup. BUT, if you only have a little to invest just have faith and keep your profits separate and - slowly - grow it to an increase in inventory! THEN, you can start looking for a second product to do the same thing. Think small sized items-less storage fees and/or easy to store at home if you need quick inventory replenishment, as Amazon restricts our inventory allowances. Do your own inventory stickers too as that helps keep up front costs down until you can get your volume up to justify the hired labor for such things that Amazon offers. Don't worry about custom packaging at this point. Again, wait until your volume is increased to the point where you can justify the expense. You'll get there slowly but surely. Be organized, be disciplined and have the steps clear in your mind with the goals of compounding your profits until you really get going. You can do this!
Just what I needed to hear. Thanks a lot. I have been trying to find my first product for the past few weeks with no success. Now I realise I have been product researching with the wrong perspective. Thanks for the reality check.
Trevin any advice about how to streamline overseas shipments just to make the process of creating a shipping plan from China. It took me forever to get the address to be accepted.
I appreciate the good content! I was excited because I thought you would get into more details about shipping. Everyone talks about finding the right product but once I've found that product what do I do if the shipping is literally 5x more than the product!? I don't know if it was strategic how you skimmed right by that lol is there another video that talks about this or is it in your course??
Great job Trevin! Few questions...For suppliers; do you only go with suppliers that offer quick lead time and ship via air? Do you take your own product images or do you always hire out? Do you use/have one single brand name for all your products or do you have multiple brands?
Greetings Trevin ... i've been watching a lot of your videos ... like this for example ... one thing though ... how did you manage to find this product for example ... as PL ... i tried Wholesale not so good let's say ...
Hi Trevin, I came to the point of listing my product on Amazon Seller Central for item that is currently selling . When I click on the box Apply to sell , Amazon ask me to request approval for that product . In this case , do i need to purchase my own UPC code to obtain the FNSKU after Amazon approved my product to sell ? Or i can use the current seller 's UPC . Can you answer with this issue?
Trevin Peterson okay I just watched a bunch of more videos on this, so when you order the product you want to sell does it go to your house then you ship it to an amazon warehouse?
Question: Does Amazon charge you that 30% as soon as the product lands ay the warehouse? The video it seems to imply that it does. Or is t more like Amazon charges you the storage fee then the FBA fee once the product sells. Would that be more accurate? The second One the product sells Amazon immediately deducts from your credit card or deducts from sale with a settle bilking date? I would appreciate the clarification. Thanks and keep up the great work!
Thanks for the video Trevin. I realise there's no exact science about what I'm about to ask and it varies per product but from your experience, if you launch a product that does for example $1000 in sales per month, say 50 units and each one sells for $20, what is good practice for price per item manufactured, shipped to Amazon and customs etc. Charges included - final cost for you per item? And what does a good PPC outcome look like - active advertisement for 1 month where you are investing all your profit on PPC, or more or less? For example expected monthly revenue when finally ranked $1000, sales price in Amazon $20, profit margin 30%, total unit cost for you $13, first month PPC budget = expected profit when fully ranked = $300. You of course opyimise PPC regularly but is 1 month a good guess for such duration?
Daniel Borisov 100% depends on product supplier quality and how you ship whether it’s sea or air. So many things to factor in. But at the end of the day the most important thing is to be profitable. So if your margins are 30% plus after fees then that’s pretty good!
Thanks. Just on the other question about estimated PPC costs. It will vary from product to product but if a product is edtimated to sell $1000 per month when organically ranked, what would you ecpect PPC to cost in the first month? This can't be answered with accuracy but what would be too much in your oppinion and what would be ball park expected?
Hello ! Well , nice video ! But how exactly you suggest ranking ur product , with a low budget ? Ppc or fb ads ( giveaways ) ? Or both ? I am launching my first product this month and I was planning on giving away some (rebates) and running PPC .. any suggestions , please ? Thanks !
Trevin Peterson Yes , I imagine .. but in 2020 , is rebates still a thing ? Or ppc + coupon is better ? That s my question . Thanks alot , ur videos are very educational .
Thanks for the video! I started out with a low cost first amazon FBA item myself. Something small, not breakable or a gated product. My unit cost has been about $2.50 and selling successfully for $15 .
Thank you so much! This video really encourages me so much. I have one question. If I remember correctly from your other videos that I am not allowed to sell products on Amazon if I do not put any logo on. If I have to put a logo on the products for Felt Ball, do I have to make a package for that and print the logo on the package? Then, it will cost more money than $1,000. I am a little confused that if I can really make it work with the process that you said or this video is more fore a reference so I should study each step's detail more about Trademark, Patent, Logo, and Package. Please let me know. Thank you!
Hey Trevin Thank you for this video please I need help here, as a beginner on Amazon FBA I want to launch my first product, the thing is that I don't have a packaging for the product because I bought it locally, and am matching with a seller, can I send the product to Amazon warehouse for them to prep and label it for me, or is there other options for this? Thanks
Hey enjoy watching your clips...i sell on alot of platforms idk why Amazon fba is difficult.. to me it is...whats the minimum u need to have to start a amazon fba???
There’s alot of other costs you need to consider especially when inporting from other countries. Import costs, shipping costs, product costs, Amazon fees just to name a few. So you will have to get all of the costs worked out on a product before you even think about launching it to make sure you can make a good profit. FBA is not as easy as people think.
Is there like some kind of limit to how much products you can have in inventory? Or is there some kind of fee with the amount of products you have stored in the warehouse.
Greetings ... could you make a movie on how to order from China and Import products to US ... the whole procedure ... do we use freight forwarders ? how to manage imports ? what we need ... etc ...
Hey Trevin, Thank you for this informative video. My question is as you mentioned one of your videos you were using product images from Alibaba in the beginning, Being a FBA seller how can we take better pictures for a product or what is the cheap & quickest way to get the better product images without copyrights issue.
I'm trying to start this business from India. The only thing which bothers me is how much strong the US dollar is compared to Indian rupee. I mean, basically $1000 for you is $4000 for me in India. So the cost of me getting on Amazon went up to about 75% more expensive. But if would be able to successfully get this done on $1000 I would be really freaking happy. $500 for me is worth $2000, because USD is soo strong. Thanks for the boost in confidence man.
You really doing good job. I have learnt so many things from your video but i have a question that how can we take good photos and videos of the product even we don’t have that product because we are just searching and listing the product first.
I actually launched my first product for 700 dollars now I have 2 more products it took way longer to scale that way about 4 months longer but the more you do it the easier it is my second launch I had 2200 to put into it.
Matt King completely agree. It takes longer and more time to scale. That’s why my first year was slower and then since it’s got 10 times faster as now I have more capital!
have less than $1000 to start.
Matt that's awesome. Could you tell me what was your product hunting criteria e.g. filters if using H10 black box?
This could be a worthy series: *actually* launch a product for under $1000
Like Project X from Helium 10 or the MDCS of Jungle Scout
Nick's Stuff it would be cool to do!! Maybe in the future 🔥
Many don't understand the importance of cash flow and trying to start with minimal capital investment. You should always have at least 2.5x the amount of starting capital for each product. If inventory cost you $1k , then you should have $2500..What if your product sells well, then how are you gonna order more product and pay your suppliers with only $1k. Don't expect Amazon to pay you right away and not to mention other things you need like software tools, pictures, packaging, shipping, inspection, marketing, etc..People need to think like real business owners.
agree with this! We are building a business. Not many businesses you can start with less than a couple thousand dollars!
@@TrevinPeterson Cmon people lets be real here, Amazon isn't like it was in 2017. In 2020 you probably need around $5k + to really make any decent profit and scale your business fast. Anything less and if your first couple of products don't do well, you are gonna run into cash flow problems. 90% of Amazon sellers fail because of cash flow and thus the reason they don't scale their business as fast as others do. Then again most new Amazon FBA sellers don't even know what it means to really run a business. Either build up your capital or just be a Amazon FBA dreamer.
Great advice. I launched my first product with $350.00! No kidding. Is that the slow way to do it? Yup. BUT, if you only have a little to invest just have faith and keep your profits separate and - slowly - grow it to an increase in inventory! THEN, you can start looking for a second product to do the same thing. Think small sized items-less storage fees and/or easy to store at home if you need quick inventory replenishment, as Amazon restricts our inventory allowances. Do your own inventory stickers too as that helps keep up front costs down until you can get your volume up to justify the hired labor for such things that Amazon offers. Don't worry about custom packaging at this point. Again, wait until your volume is increased to the point where you can justify the expense. You'll get there slowly but surely. Be organized, be disciplined and have the steps clear in your mind with the goals of compounding your profits until you really get going. You can do this!
thanks for this. I feel much better. Have less than 600 to start so i was really worried on the outcome
how is it going if you don't mind me asking?
@@samuelfregoso5055 Hi! Doing well. My dog collar is a steady seller.
Just what I needed to hear. Thanks a lot. I have been trying to find my first product for the past few weeks with no success. Now I realise I have been product researching with the wrong perspective. Thanks for the reality check.
Yes sir! My first order was a total cost of $850. It’s is very much possible to do!
🔥🔥
Did you see success how’s your amazon journey going?
This is a top quality video bro 🤙🏼 keep up the great content
Lachy White thank you 🙏🔥
Good job bro keep the spirit moving its your days bro
GOD BLESS YOU ALWAYS 😂😂🏠🙏
Thank you for explaining,
New subscriber
Trevin any advice about how to streamline overseas shipments just to make the process of creating a shipping plan from China. It took me forever to get the address to be accepted.
Appreciate the content, been struggling on finding my first product and going to work on lower hanging fruit
It takes time forsure! Thanks for watching 🙏
It's great to know, I can't thank you enough for the valuable information.
MY pleasure!
Good video, I thought you were going to mention about PPC though because I imagine it would be difficult to launch successfully without that.
the lower competition products is really easy to rank to page one!
I appreciate the good content! I was excited because I thought you would get into more details about shipping. Everyone talks about finding the right product but once I've found that product what do I do if the shipping is literally 5x more than the product!? I don't know if it was strategic how you skimmed right by that lol is there another video that talks about this or is it in your course??
Great job.
Thank you!!
what about ppc fees?
Appreciate your content. I am going to continue to learn from you until I have the income to go ahead and launch.
Great job Trevin! Few questions...For suppliers; do you only go with suppliers that offer quick lead time and ship via air? Do you take your own product images or do you always hire out? Do you use/have one single brand name for all your products or do you have multiple brands?
Thank you Trevin! You are great Person!!!!!!!!!!!!!
You are welcome!
Super like for you Brother!!!
Super merci à toi pour cette vidéo et ton travail 👌🏽👌🏽👌🏽
Great video!!!!
Thank you!
Good one
Hi Trevin, what strategy do you recommended for PPC launch? How many campaign is good to create and which match type for start?
there is no magic formula! I launch a bunch of campaigns and then just adjust as I get the data!
Should I list multiple products
Great advice
Martin Contreras thanks man!
Greetings Trevin ... i've been watching a lot of your videos ... like this for example ... one thing though ... how did you manage to find this product for example ... as PL ... i tried Wholesale not so good let's say ...
If I start 5000 dollars how much I expect profit first month?
Hi Trevin, I came to the point of listing my product on Amazon Seller Central for item that is currently selling . When I click on the box Apply to sell , Amazon ask me to request approval for that product . In this case , do i need to purchase my own UPC code to obtain the FNSKU after Amazon approved my product to sell ? Or i can use the current seller 's UPC . Can you answer with this issue?
You need to create a case and follow what the error code says! Provide brand name and pictures of the product with your logo on it
How to I get shipping boxes and amazon tape the tapes the boxes
Tyler Campbell you can’t. Those are removal orders. You use your own boxes and tape
Trevin Peterson okay I just watched a bunch of more videos on this, so when you order the product you want to sell does it go to your house then you ship it to an amazon warehouse?
Tyler Campbell either. I like sending it directly to amazon if I can!
Nice.
Thanks!
Air shipping sucks, the landing cost almost double...
Question: Does Amazon charge you that 30% as soon as the product lands ay the warehouse? The video it seems to imply that it does. Or is t more like Amazon charges you the storage fee then the FBA fee once the product sells. Would that be more accurate? The second One the product sells Amazon immediately deducts from your credit card or deducts from sale with a settle bilking date? I would appreciate the clarification. Thanks and keep up the great work!
no they charge fees once you sell a product!
what abut if its a product that needs to be sent through sea?
that will save you money! just harder to get back in stock
Thanks for the video Trevin. I realise there's no exact science about what I'm about to ask and it varies per product but from your experience, if you launch a product that does for example $1000 in sales per month, say 50 units and each one sells for $20, what is good practice for price per item manufactured, shipped to Amazon and customs etc. Charges included - final cost for you per item? And what does a good PPC outcome look like - active advertisement for 1 month where you are investing all your profit on PPC, or more or less? For example expected monthly revenue when finally ranked $1000, sales price in Amazon $20, profit margin 30%, total unit cost for you $13, first month PPC budget = expected profit when fully ranked = $300. You of course opyimise PPC regularly but is 1 month a good guess for such duration?
Daniel Borisov 100% depends on product supplier quality and how you ship whether it’s sea or air. So many things to factor in. But at the end of the day the most important thing is to be profitable. So if your margins are 30% plus after fees then that’s pretty good!
Thanks. Just on the other question about estimated PPC costs. It will vary from product to product but if a product is edtimated to sell $1000 per month when organically ranked, what would you ecpect PPC to cost in the first month? This can't be answered with accuracy but what would be too much in your oppinion and what would be ball park expected?
Vlogs!
You want to see some vlogs?? Haha
Thanks for all the value, love your content my man.
thank you!! really appreciate that!
Think Small !
So if you start by buying a product you can store it in a warehouse of amazon?
there are storage fees so you obviously want to sell it
how to do two accounts
Got approved from amazon!
Thank you for the great content! Do you ship those items directly from the supplier to FBA? If so, how does it exactly work?
What about branding? Do you have to have 1st product branded?
Thanks for the video bro! I definitely always thought I needed at least $3k and that was on the low end per other amazon "gurus".
Just all depends on your goals and perspective! Thanks for watching 🤙
Hello !
Well , nice video ! But how exactly you suggest ranking ur product , with a low budget ? Ppc or fb ads ( giveaways ) ? Or both ? I am launching my first product this month and I was planning on giving away some (rebates) and running PPC .. any suggestions , please ? Thanks !
These low competition products are really easy and cheap to rank!
Trevin Peterson Yes , I imagine .. but in 2020 , is rebates still a thing ? Or ppc + coupon is better ? That s my question . Thanks alot , ur videos are very educational .
Thanks for the video! I started out with a low cost first amazon FBA item myself. Something small, not breakable or a gated product. My unit cost has been about $2.50 and selling successfully for $15 .
That’s awesome! Congrats on the success!
Thank you so much! This video really encourages me so much. I have one question. If I remember correctly from your other videos that I am not allowed to sell products on Amazon if I do not put any logo on. If I have to put a logo on the products for Felt Ball, do I have to make a package for that and print the logo on the package? Then, it will cost more money than $1,000. I am a little confused that if I can really make it work with the process that you said or this video is more fore a reference so I should study each step's detail more about Trademark, Patent, Logo, and Package. Please let me know. Thank you!
S on a product like that you need to get your logo on the packaging in order to get approved!
super value, nice shirt too lol
thank you!! Someone noticed! hahaha
Love your content man, keep up the great work!
Thank you!!
thx
You've earned a new subscriber! Awesome content cant wait to do my first launch!
Natasha B thank you for the support 😁 it means a lot!! Keep me updated with the launch and make sure to check out all my other videos 🙌
Thanks for the pro tips Trevin it's much appreciated and its inspiring me to build this business and not give up.
Matt King happy to hear Matt 🙏🙏 thanks for the comment
Hey Trevin
Thank you for this video please I need help here, as a beginner on Amazon FBA I want to launch my first product, the thing is that I don't have a packaging for the product because I bought it locally, and am matching with a seller, can I send the product to Amazon warehouse for them to prep and label it for me, or is there other options for this?
Thanks
Would recommend you do the prepping yourself then. If amazon does it will cost a lot!
@@TrevinPeterson Thanks
Hey enjoy watching your clips...i sell on alot of platforms idk why Amazon fba is difficult.. to me it is...whats the minimum u need to have to start a amazon fba???
hey hows it going? so i just explained how you could launch a product for $1000! so thats the minimum but not ideal!
There’s alot of other costs you need to consider especially when inporting from other countries. Import costs, shipping costs, product costs, Amazon fees just to name a few. So you will have to get all of the costs worked out on a product before you even think about launching it to make sure you can make a good profit. FBA is not as easy as people think.
Do you ship yourself or from a fulfillment center
Art with Ana I ship my products from supplier to amazon fulfillment center!
Hello, did you hire a person to check your product before they send to Amazon warehouse?
Good luck bro 🤟🤟🤟 always good content 👏👏👏👏
Khashayar Aghajanzadeh appreciate the love man!!
I hope to have the opportunity to purchase your course real soon!
Sergio Feria look forward to having you in soon!
Is there like some kind of limit to how much products you can have in inventory? Or is there some kind of fee with the amount of products you have stored in the warehouse.
you can remove background on Canva
Pam Bennett that’s a really good tool also!
Greetings ... could you make a movie on how to order from China and Import products to US ... the whole procedure ... do we use freight forwarders ? how to manage imports ? what we need ... etc ...
Hey Trevin, Thank you for this informative video. My question is as you mentioned one of your videos you were using product images from Alibaba in the beginning, Being a FBA seller how can we take better pictures for a product or what is the cheap & quickest way to get the better product images without copyrights issue.
I'm trying to start this business from India. The only thing which bothers me is how much strong the US dollar is compared to Indian rupee.
I mean, basically $1000 for you is $4000 for me in India.
So the cost of me getting on Amazon went up to about 75% more expensive. But if would be able to successfully get this done on $1000 I would be really freaking happy.
$500 for me is worth $2000, because USD is soo strong. Thanks for the boost in confidence man.
You really doing good job. I have learnt so many things from your video but i have a question that how can we take good photos and videos of the product even we don’t have that product because we are just searching and listing the product first.
Great information
That´s Value