I tried Amazon FBA for two weeks and made......
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- เผยแพร่เมื่อ 3 ม.ค. 2023
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Hello Hello Hello! Welcome to my channel!
Like I said in the video, I'm getting fed up with people on TH-cam offering finance advice, expecting us to be able to follow when they don't give us the steps, they show us their profit but don't show us how they go there!
At First Hand Finances we're going to do everything FIRST HAND with NO BULLSH*T! It's simple we're going to try out every possible get rich quick scheme online, from stocks to dropshipping we're giving everything a go and creating our own guides for people to follow in the future.
I'm going to make mistakes so you don't have to!
If you need to get in touch drop me a DM over on Twitter!
Links :
/ financeshand
firsthandfinances.com
Music : www.bensound.com - บันเทิง
Hands down the most real video I have seen on Amazon FBA. I love the transparency showing the actual products you have tested and tried, also the fact not a single time did you promote a software or a course. You’re doing something right, keep doing it and don’t become like the other guys.
Thanks man I really appreciate it :)
Exactly this guy is amazing, I was about to skip it but I found it great saved this video
Just started fba and I’m gated for toys ..and all new sellers are? Great video btw.. just wondered how you got past that hurdle?
I’m still gated in Toys too, it’ll just be some random toys that are not gated, so it can be a bit hard at first to find products you can sell
Easy there
An Information packed video from a top lad! i appreciate the in depth explanation of everything you’ve done and you have a new subscriber! keep up the great work mate
Absolutely brilliant video. I've been flirting with FBA for a while, just fancy making a bit of pocket money each month and this video genuinely has made me go for it. It definitely looks like it feels a lot more daunting than it actually is! Thank you for taking the time to make this and honestly set it all out. Much appreciated!
Enjoy! It can be a bit overwhelming at first but after you've sent the products off and get into the swing of it it's easy :)
Would you help someone by walking/talking them through email or something to help teach start up?
Loved this mate, there’s a lot of these videos on TH-cam, yours was really down to earth and honest thank you for this
One of the best, honest accounts I've seen with all costs included. Looking forward to seeing more 👍🏻🙂
Thank you! I’m looking forward to making more
I like this tutorial. Straight to the point and simple 👏🏾
Thanks :)
First Video that's actually been helpful nice work
Thank you for this video, and I graciously appreciate your transparency!
Great content, great transparency on the products you have purchased. I would be interested you doing a video on the process of printing labels and sending it to Amazon. :) looking to start a FBA account myself but just in research mode at the moment. Thank you
Great video. You seem like a genuine person compared to some other FBA TH-camrs.
Thanks :)
Just tracking the expenses alone has been eating me alive, seeing your excel sheet inspired me, and now I am feeling a lot more confident about this!
yeah definitely would like a more indepth full process from finding the product towards the final sale.
earned a sub
I would def love a breakdown on how you did everything step by step to help out. Thank you for all this
Me too!
Great and genuine video. Thank you so much.
Excellent Video and Superb effort. Looking forward to updates
I have just started on Amazon. I was totally confused on which side to go, where to start. I was thinking about quitting. Have been watching a ton of videos. They where like I made a million in 2 days come pay for my class BLA BLA...
But you are the one who explained very clearly for beginners like me. Thank you very much.
I am going to try for a while. All the best for you.
Good luck! Glad you enjoyed, I’m going to make a step by step video soon so hopefully that’ll help too
Lol who have you been watching. The one's Ive watched never made any outrageous claims like that. While some promoted a course the information they gave for free was still very valid.
@James Roscoe a lot of them if not all just want to make money out of people selling dream that never gonna happen. It's all bullshit.
Are you seeing progress?
Just found your channel, excellent video used to sell on amazon years ago just getting back into it, really helpful video, you def earned a sub, keep up the great work
@whatsappmenow3427 get lost
Nice! Thank you, you probably know more than me ahah!
Good video man! I knew most of the information however I agree with the other comments, you aren't pushing products/services down your viewers throats, appreciate people like you Sir. +1 Subscriber xD
Thank you :)
This is a very informative video. It’s much better than on tik tok when they sell it as a get rich quick scheme, it really does depend on how you research and find products and not just a money printer
Glad you enjoyed it :) I'll try make a step-by-step video to show the full process
Great video and information man! I would definitely like to see more of what you had to do to first getting started
Thank you :) no worries I’ll definitely make a video on getting started!
@@FirstHandFinances looking forward to it and subbed ;) keep up the good work 👍
Good video man, would love to see the whole process from finding a product, sending it to Amazon and etc.
Love that you are in the beginning of your journey, and that you are sharing things all the other sellers are being secretive about.. the sums of money you are operating with is closer to what I will be looking at.. My one question is: Why is it free to send your items to the Amazon warehouse? I live in Norway, and I’m pretty sure that excludes me from the arbitrage part of the Amazon game:o
Great video as always! Would definitely be interested in the application process and tips on how to get accepted, especially with the video interview steps which most other creator talks about (from what I've seen)
Also would be interested in a "Whole selling process" video of course
I’ll get making the videos :) it’s all fresh in my mind too so hopefully haven’t forgotten too much
@@FirstHandFinances be careful. its seriously not worth it
@@robinandned3151 Would you care to explain?
When I got my account the video portion was just a Skype call where the person on the other end gets you to show them your driver's license or some form of photo ID.
It's very quick and painless. You just need to have Skype and a webcam.
Thank you so much this is really helpful
Great video! I need to find the US equivalent of homebargains haha. I would enjoy watching a video of you picking your products to sell. It's easy to find what is 'profitable' by crunching numbers but how do you decide what you think will actually sell on Amazon's marketplace?
Love the video bro helped me out a lot can you get us a video on the packaging and stuff you was talking about? Nice one😎
Nice video mate. Nice to see real results 👍🏻
Hi mate I'm new to the channel. That was a really informative and brilliant video, thank you. I have wanted to do Amazon FBA but not had the confidence to go ahead. After watching your video I think I will give it a try. I would definitely be interested in knowing more about the rest of the process.
Hey man, glad to have you onboard! I’ll be making more videos on it soon, hopefully we can all learn how to do it together :)
@@FirstHandFinances definitely mate!
This was great, Ive been going back and forth this is going to make me take the jump
It’s definitely worth a try, I’ve loved it so far
@@FirstHandFinances Did you make that spreadsheet yourself or did you find it somewhere?
Great video mate!
You are amazing bro, because you are showing real niche ❤️❤️
Amazing video, really glad I came across this, would love to see more videos
Thank you :)
Interesting video, never interested me to try it myself so definitely interesting to have a look at it without spending a penny :)
Haven't watched video but i can smell a really good one, keep up the content man
Thanks I really appreciate it :)
Great video and I agree with other comments, very honest and transparent! Thanks. Have you had any issues with getting ugated? What additional supplies have you purchased for packing and shipping to Amazon? Keep up the great content. Thanks
Thank you for the excellent vid mate! Quick Question re Vat. In this vid, you said we didn’t have to pay VAT whilst showing the Amazon calculator however Amazon still charge you tax on their Fulfilment / Selling costs. I’m assuming this will be something we have to pay? Many thanks in advance
Awesome vid bro, I want to get into this soon once my current situation is more stable financially
I’m going to try do a challenge in a few weeks where I try it with just £10, so might be one worth looking out for :)
A video on the application process would be great!
No problem I’ll get onto that next :)
Loved it, I have started and am pretty much doing the same as you have. Where did you get that spreadsheet from to track finances etc?
Loved this video defo interested in following vids
Thanks man :) more vids are on the way
Thats what's up bro 💪 thanks for the info.
Nice video mate ! For FBA Wholesale/Arbitrage need to have an LTD like for Private Label as well right ? In the Amazon Seller account need to put Independent for wholesallers ? in the buy box if are many competitors is bad or good ? What about any patent or certification issues ? Cheers
Yes please, complete video of everything to do with Amazon please
Happily - they're on the way :)
Thank you for this brotha
Thank you for this! Did you send the items to an Amazon warehouse? Was it easy to do this?
Nate, your tutorial is great and informative but just like the taglines, it made for beginners only. I noticed all the TH-camrs are keeping the real methods to themselves. I understood that after reading an eBook. No body is talking on how to outrank competitor listings (Which is the most important thing), how to bring traffic outside AMZ, how to do proper off page SEO etc etc. One more thing I noticed is that lots of people are claiming that Amazon fba became saturated, the reason they claim it is because they do not want you to take a piece of the cake. I started two years ago and already crossed 130k\month. However, I do suggest to add more videos with more value instead of just the basic things that seen here on YT over and over again.
What would you recommend I read to understand more in depth about starting an amazon seller account?
Excellent video!
Thank you :)
Thank you! ❤
What an amazing detailed and straight up video. Any way you'd share your spread sheet?
Yep it's on my website on the spreadsheet section :)
Great video. I am about to do my first launch. I am trying to account for every thing. I know that the first round seldom goes to plan, but we'll see...Thanks again.
Good luck! :)
Hey, how'd it go?
@@bmoneybby I just got my merch from China last week. So 2-1/2 months I waited. Sending to Amazon next week. I'd like to find a domestic supplier next time...
@@hv9356 Dayumm
I never like videos. But I liked this, the most realist guy on here. Top man
Thanks I really appreciate it :)
Love to learn more
Great video subscribed
great video very informative. Quick question: was your spreadsheet provided by amazon or did you get the template from somewhere ?
Thanks! I made the spreadsheet myself, it’s available on my website!
@@FirstHandFinances thank you mate
Could you explain the inbound transportation fee on 16:50? Did you say you used UPS? Why and how was it free to send in your product to them?
Great info and very real, can I ask the Amazon revenue calculator is that only available if your a registered seller? 😊
That's a great, and honest video.
Are you going to get involved with (say) SellerAmp and Keepa?
Thank you.
Great video mate. One question...
You said gps is free delivery how does that work?
good feedback on this video made it very understandable. cheers! any chance of a video on shipping product etc
Video tonight includes shipping :)
@@FirstHandFinances Top man ! 💪🏻
Definitely would like a step by step video
I’ll get on it :)
Would be nice to see you do Retail Arbitrage in stores. I did about 6 hours of it this week and found 0 products to sell.
Because RA is much more work than OA, the profits need to be much higher to make it worthwhile.
I was gated in any profitable products, or they just weren't a good enough deal. Hopefully you do better.
No problem - I'm going to the shop in about an hour to get some footage :)
@@FirstHandFinances thank you mate. Just make it genuine. Not one of those videos where they walk in and find £500 worth of profit like it's easy.
Hopefully you have a good day. I'd never to able to go at the weekend it's too busy!
this is some great content. doesn't feel like you want to market some scam guru class to us either
Thanks :)
Where is your inventory stored at your personal storage or at the Amazon warehouse?
Do you feel like your storefront on Amazon needs to sell items only catered to one specific niche? I noticed that your products seem random as far as category but are ultimately still selling. I appreciate your informative and realistic explanation on how it all truly works!
I don't think it'll matter too much while just re-selling from other stores but I think if you make your own product then it would be better to find a niche
When you sign up for an Amazon Seller account, it asks if you are a business or a sole trader/Individual, if you sign up as an individual, do you get to have a shop name? Or is your shop name that the public see when they shop, the same as your real name. So if you signed up as Fred Smith, your shop name is Fred Smith, or do you have an option to have a shop name, for example, Star Bargains, or Blue Sky Deals, etc.
Please make step to step guide mate, enjoy your videos 🙌
Just had one go up :)
Great video! Just wondering how your sorting out taxes? Most of the videos on TH-cam are Americans and say they don't have to pay tax but UK sellers do and not much more information is given on that. What is your knowledge? Thanks :)
At the moment I'm just keeping track of everything I sell and buy, in the UK you don't have to declare for tax purposes until you've generated over £1,000. So when I get closer to that I'll start looking into it more :) but just keep track of everything and you should be fine when you need to start doing tax documents
Can you tell me what app you use to scan the products in Costco for example. Thanks Jamie
It would be great if we could get a video that shows the whole process.
Thanks
No worries - it's on the way :)
Hi mate, did you produce that cost spreadsheet yourself?
I did! It's on my website for download :)
very good video
Do you ever work with brands directly or do you go to these wholesalers every time?
Hello mate, how do you send the items to Amazon did you say UPS how much does this cost and did you take it into account. i am very interested in this and found your video very informative
I believe there's a promotional offer with UPS so at the moment it hasn't cost me anything to send through them, but even after the offer I think they're still the best value as they have a partnership with Amazon
Hi what printer did you buy? thanks D
As this is earnings I take it you going be paying tax on what you are selling so have to keep records and submit them ?
Hello man! Great video! But have one question I believe you did not address. How did you send your goods to Amazon warehouse and how much did it cost?
I’ve got a video on the step by step, but I used UPS so it was free to send it to them, and then it’s around £0.02 per month per item to store (depending on item size)
Honest opinion do you think it’s worth learning this through a mentor by buying there course or is it easy enough to pick up
I think it's best just to get started and try it out with a small budget, if you start to struggle or lose alot then maybe get a mentor for advice but there's plenty of free online sources and videos you can use
@@FirstHandFinances thank you mate
hi, your video is very good, I was wondering if the FBA spreadsheet you have made is available to download? as this would be a big help as I am not a wizard on them haha.
thanks
Thank you :) and no problem I’ll tidy it up a little bit and I’ll upload it onto my website in the spreadsheet section!
@@FirstHandFinances okay sweet thank you, when will this be available?
I’ll try get it sorted for tomorrow :)
@@FirstHandFinances thank you so much
When you speak of the VAT allowance for companies, does this mean you have to register as a company outside of Amazon?
Yes you'll have to register a company, but you can do this when setting up a business account with most banks, it's not as complicated as you may think
Great video. But did you have to get ungated on all these brands?
I didn't no, I've only been purchasing items that don't require getting ungated
Where you not gated on any of these items? Or did you have to buy 10 and supply an invoice from Home Bargains?
Thankfully I wasn’t, I don’t have the biggest budget yet so I can’t afford the ten for an invoice so I’ve just been sticking to ungated categories but I have bought one or two small items that I couldn’t sell
@@FirstHandFinances ah ok. I thought new sellers were gated on most things to start with, that's good to hear you weren't. Look forward to seeing more videos on fba
I Can’t find any websites to buy from to start. Maybe I just suck at this. I live in the us
So how do you send it to Amazon ? Do they send you a postage label or something
Appreciate you boss 🫡
How do I make it so I can see all the details at the bottom on the revenue calculator?
could you maybe make a video/clip explaining your excel sheet?
I'm going to make some changes over it in the next few weeks to make it more user friendly - I'll get a video made once it's a bit cleaner :)
How much money would be necessary to get started?
So did u have the buy box when u sold or run any ads
I get the buy box quite a bit, and I've never ran any ads yet
Hi, I was wondering how long it took you to get verified and accepted as an amazon seller and is there any issues with selling on amazon and not having a registered business? Great video, Thanks
About 3 days and you don’t need a llc
more in depth video would be great to see
No problem I'm going to have step-by-step videos coming out in the next few weeks
Do you provide the spreadsheet you used in this video at all?
It’s over on my website :)
could you tell us how we record sales for the tax man? accounting profit/loss is by far the hardest part of business
i am looking to set up a amazon seller account and im wanting to do retail arbitrage but i dont know which account to choose and if i need to make a bussiness account or not, anyone got any suggestions
Bro I got a few different products from retailers but how do I get customers buying my product on Amazon?
You've just got to be patient, as long as the products have decent ranks and are a competitive price they'll be picked up
I’m super interested in this! Do you offer any help?
How do I find amazon revenue calculator? Also why is UPH inbound transportation free and how do I utulize that?
They have a partnership with Amazon so depending on the size of the item it is sometimes free
Are you selling your excel sheet it looks ace
It's up for free on my website :)
Also can I just ship the product I want to sell on Amazon directly to the Amazon warehouse?
I’ll get making a step by step next, and it depends on the product, some of them you will need to change the label, but I’ll go over this on the step by step for you :)
how come it did cost you to ship that item through ups
Hey any chance to get a copy of your Excel sheet so that we can use it for our own use?
I've got a video up with it on, if you go to link in description it's on my website on the spreadsheet tab :)