What is going on guys happy Monday everyone
Hope you're all having the terrific day and a good start for the week
Rob here from steps to success so wanted to
Do a video for you guys of exactly
How much money you need to start Amazon FBA and if you know having a $1000 dollar investment is
Enough for you to actually get started on Amazon FBA because I get asked this question
times and times over every single day so
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Let's get started on today's video. Also if you haven't still entered to the contest to get entered into
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I'm gonna be showing you a research product - which is viral launch
Launch product discovery and I'm gonna be using it to show you guys exactly how much money
You need to get started on Amazon FBA and if having a $1000 or two thousand dollar investment is
Enough and exactly how much you will need to be successful selling on Amazon FBA
So these are the set criteria that I have on viral launch so we're looking for categories, baby
Electronics health and household kitchen dining camera photo home kitchen again you guys can go through this
I know everyone has more experience in one category than another I personally really like electronics
That's because I have a niche account in that range, but this all depends on you guys
But this is what you guys want to focus on which is the monthly sales
So I always recommend that you do minimum of 300. I put three or six just because you know most people might be putting
300 and this basically translates to doing about
25 units a day
Sorry 20 units a day so 20 units a day out there
And that's basically showcasing that the product that you're selling and other sellers are going are selling is selling
A decent amount every day so if for example you're bringing in two hundred three hundred
Units of inventory that you're gonna be able to go through that inventory within a month month and a half
Revenue, this is a dollar amount. I put seven thousand a month
I recommend anything over three or four thousand, but in this case
I want to find a product that does a good amount of revenue every month
Price point try not to go below sixteen dollars, and I put fifty six on the high end
Again Charlie stay within this range it's the best price that I find people
Tend to make a lot of purchases on and it's the sweet spot in my opinion
Review counts 500 you guys should be able to get five to ten reviews right off the bat for your products so
make sure that you don't look anything past this point the
Next thing that I really like under the advanced filters for viral launch product research tool for Amazon FBA is
The price change guys if you leave this blank you're gonna see
Products that are on the decline for the price change and sales change so once you put one percent you only get
Products that are moving up in terms of the price change and the sales quantity change
So this is very important the rest of it. I usually leave blank so you want to go ahead and click view filter results and
Basically what we do is. We're looking for the product. We're checking the BSR the monthly sales twenty two thousand a month the monthly revenue
Which is pretty good?
Making four hundred fifty seven thousand profit which is amazing so
What you want to do is?
Check the product idea and see exactly what viral launch tells you about the products so we can get more information once we go through
product by product
So as you can see the estimated sales trend has been fairly constant
So you want to see the first you know?
Starting spot and the ending and just put a straight line through it and see where that's heading
The review rate again the same price trend hasn't really gone up or down so it's been fairly consistent
So this is what's important guys the average review volume is high so that means that if you're trying to?
Enter you need more reviews to get started selling
And that's why you're seeing that high amount of
Profit and revenue that the seller is doing so he has so many reviews and so much reviews that goes with it that it's hard
For new sellers to come in again
We have the viral launch profit cost calculator
So you can see the cost so you see the upfront cost for you to compete with this seller is very high
And that's what we were getting that you know
low
Opportunities go to move in so let's keep looking for a good product
So I'm just going through this guy's again if you're new to product research
It does take some time to get used to so anything that's topical or you know
Consumable you want to make sure that you meet with regulatory agents, so if it's FDA you want to make sure that you have all
The approvals before you start selling it on Amazon FBA
this is very important because if you don't amazon will just simply take off your listing and
That the last thing that you want is you have all these inventory that you can't sell
So this seems like a good product
It's a footpad the numbers look really good the price
And the sales has gone up again you guys can see it. It's just introduced beginning
End of January this year, so it is on an increase the price change is fairly constant the review rating is amazing
Let's take a look at the VAR launch analysis so Tariq looks like a homerun
400 units a month we need 450 only 50 reviews to do amazing
Typical product again, we don't want seasonal we want something that is typical
Profit per unit is almost nine dollars. We're selling it for 20
So see guys. This is what comes into play and what we want to focus on with
1700 dollars that's exactly how much we need to be able to do amazing with this product now
This is what viral launch recommends as a good order for you to do that month and a half
I always recommend that everyone start with a test order so if you see other sellers selling 3 400 units a month
Start with 200 so right off the bat
You're decreasing this cost instead of 17 14
49 to only a thousand bucks and once you start generating profit on your thousand bucks
And now you're making you know 500
600 profit after your
You know initial thousand dollars that you put in now you're much much more comfortable to putting it higher upfront cost of
1749 because you know that once you put that
1749 you have a potential monthly profit of 20 to 26 that you can make off of
Your upfront cost which is amazing and that's what I always recommend, so this is to go
This is to show you guys that you can start selling on Amazon FBA with as little as
$1,000 which is the whole point of me creating this video, so you don't need a big budget
I know a lot of people that come in
Onto Amazon FBA they only want to get started with a thousand to two thousand bucks
And once you are starting to meet that profit and you are seeing the numbers coming and the profits rule and then it's much easier
For you to invest more into a product and start expanding your product lines and bringing in more products
So again guys. This is a very good product if you are watching this video added to your jungle Scout product tracker or viral launch
Pin it and you make sure that you are tracking it
Let's see if we can find one more really good product for you guys for this video. Just to show you if you can actually
make money
With only a thousand to two thousand dollars on amazon FBA
So this is a tree, that's all you can use in your shower
So if you're in the bathtub and you want to eat
Or you want to read or you want to simply have your laptop do work
Again seems like a good product, or let's check take a look at the trend that I'm gonna show you guys exactly
How we know if a product is looking good or not?
So the first thing we want to see is the trend seems to be moving up and down a lot
This is not a good sign guys
It's because it shows that it has high and low fluctuations
and you don't want a product that has structure in you rather have a product kind of be on a steady increase or
Even a flatline, but you never want to see this increase up and down like this this does not look good at all
The price trend seems to be increasing or staying mainly fast was
$37.99 yeah, so it has stayed flat the review is on an increase which is a good sign
So var launch gives it a potential sign so we need 20 to 400 units to do well selling this product
There are products with a high review rating so be sure to source a high quality product so again guys
Reviews as most of you know you need that 5 to tend to be able to compete at this level
But even then bar launch is telling you that there are people with a high amount of reviews
So you really need to make sure that you find a good quality product so you can compete with these top sellers
Otherwise if you don't have the review and you start getting bad reviews on top of that
It's gonna kill your chances of ever doing well for this specific product, so
Next thing we want to look at is the upfront cost that bar launch breaks down for us to sixteen hundred
We're gonna make two thousand monthly profit based on that and off the price selling price of thirty eight ninety nine
We're making seventeen dollar most fifty percent profit margin. Which is a really good?
price point to be at
So the nice thing again for this if you were actually to track it using the i99 on amazon FBA and
You wanted to actually go for this product just make sure that you track and make sure the numbers check out and do a test
Order so you don't need to put this whole sixteen hundred down for your first product
I always recommend that you guys do a test order
To see the numbers work to start making sales even after your first week of you seeing exactly
That consistent sales coming in the over day
It kind of supports your decision into putting more money into the product or you might even decide hey
I'm gonna make a few hundred bucks on my
Thousand dollar test a test order and you know it's not a good product for me
let me find a better product to go into so that way it's gonna save you time because I
find that a lot of people don't track products and
Put a sixteen hundred dollar investment into a product, and it takes them a month two months to sell that product
They might make a little bit of profit or some profit
But again you always want to put your money where you can maximize your return on investment
So it's always good to double check the numbers make sure everything read right and that you are putting your money where you can actually?
Maximize your ROI and your profits and your bottom line and at the same time you always look at the products that you're adding
With a long-term goal of you creating a brand around your you know seller seller account and seller central account
For your seller name so make sure that the products are somehow
Complementary to one another again if you are new to Amazon FBA you might find a few random products that are
generating good profit
but always whenever you're starting your business have that long term vision of you creating something that you can stand apart from your competition so
Three months six months down the line
You're not just selling all these random products
And you actually have a goal and a vision that you want to create your company around so always have that vision
Where you want to be three months six months you know and what kind of category you want to go after
so you have
Something that you you know you're working towards so guys this again
I wanted to show you guys that with a thousand to two thousand dollar investment and as most of you guys
Saw in this video with the sixteen hundred dollar investment
You can actually do really well on Amazon FBA
Again, if you take my advice and go do a test order before spending more money and even a thousand dollars is enough for you
to get started selling on Amazon FBA
Especially if you're new and you've never sold anything online
Before you know that way once you see the money come in you see the profits rolling
It's much easier for you to decide to stay in a product or move on so I hope you guys enjoyed today's video
Again guys. I do have a course which comes with my one-on-one mentoring taking you through
Product research helping you with negotiation with the suppliers all the way to creating PPC campaigns and start generating those sales
So basically I'll be walking you guys through
Every single step of the way making sure you don't make any mistakes making sure that the product is not
Restricted and everything checks out guys so if you are interested in that the link is below in the description box
It's the very first one so sign up
And I can't wait to see you guys on the inside again guys if you did enjoy this video
and
You know you like the content that I'm posting on this channel make sure to subscribe if you haven't already and if this video was
You know useful for you guys make sure to give it a like and leave a comment
Helps me out a lot. You know
Helps me in creating more videos like for you guys, so I know exactly what it is that you're looking for again guys
I really thank you for joining me on this video, and I can't wait to see you guys on the next one!
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