What is going on everyone its rob here from steps to success
So wanna make a video for you guys going over the topic of Amazon FBA is it dead? Is it too saturated?
Can you still make and earning?
You know selling products off Amazon online and how much more competitive and saturated has it become
You know in the past couple of months three to six months
I know a lot of people have been jumping on it
but in this video
I'm gonna go over a few really good details and show you guys some
Statistics and hopefully by the end of the video you'll feel more comfortable
You know making that decision whether if it is the right choice for you to start selling on Amazon
So some of the topics that we'll be covering in this video our fulfillment fees. So we'll go on to Amazon's website
Take a look at how it is that they charge you for different size products
You know, they have a different set of fees for smaller products
Versus some bigger, you know oversized products how it actually works in terms of storage fees
What are some of the best seasons to be selling products on Amazon, you know testing it on a real product?
So I'll be actually showing you one or two really good products that I just found today
doing some search using for launches product discovery and
Exactly apply the concepts that you as a normal
you know Amazon FBA seller would be using if you were to actually introduce a product to your account and
Last but not least we're gonna use the different Chinese website platforms such as Aliexpress
Alibaba DHgate
To source these products and compare them to the Chinese version of the same supplier website
1688 and kind of check out the Amazon revenue for products along with
Actual profits that you'll be making off products to see if it makes sense and as well
I'm gonna share with you some tips and tricks of how you can actually go beyond just using an Amazon FBA
Product research to to finding your products. I had a friend that reached out to me yesterday
He said Rob I'm looking for a product on Amazon, but I see it in the states but not in Canada and in Canada
It's three times the price
Can you actually help me source this product and I did about five to 10
Research online and I found them a really good product, which actually, you know crossed my mind today
I said why don't I make a video about this and
Share it with my audience and show them the potential of how just thinking outside the box just a little bit
whether if it's through bundling
Differentiating or actually making your product different in terms of color size
Can go a big and long way to making you successful and profitable selling on Amazon FBA guys
so again
I'm gonna show you guys exactly what
Amazon FBA in my opinion is just starting and it's nowhere to even be to its full potential yet and how you guys can use
It to make a ton of money selling products online. So I'm gonna hop onto my computer in a few seconds and we'll get started
Alright guys, welcome back
So the first thing that I want to go over with you guys is the actual Amazon FBA fees
So this is both the fulfillment fees as well as the storage fee
So what fulfillment by amazon or FBA actually?
stands for is they'll be picking your product packaging it shipping it putting it into the box and
Handling with all the returns and customer service for your product
So here amazon has this on their website again?
If you guys want to check this out yourself just go up and header on two services the Amazon com
Slash fulfillment by Amazon and then you can just go to pricing which is the third tab here
so in this scenario though giving you guys an example guy just so you have a rough idea of
How much it will cost you per unit to have Amazon take care of the fulfillment fees
so if your product is a small size so again
This can be a shoe box less than a pound or about a pound
they'll be charging your about two dollars and 41 cents per unit if it's larger than that, so if it's you know,
if it's about a pound but in a larger scale, so if you click the I it will actually show you the
Packaging size or the box size for it
So in this case is anything that is about 20 pounds less than the longest side being 18 inches
So that's slightly over a foot by 8 inch on the shorter side and 14 inch or less on the median size
Again, you have between one to two pounds and over two pounds
so over two pounds is four dollars and 71 cents for a standard sized product and
Anything when the week goes on top of that is 38 cents per pound extra
So you guys can actually calculate this very easily
So if you have a product that's gonna let's say be three pounds
You know that you're paying for seventy one plus one times 38
so it's
471 plus another 38 cents if it's a standard size now what if the product was actually an oversize by oversized?
I mean it was like a box that's longer than they eat 18 inches, so it could be 28 inches
It could be 3 feet 4 feet then in that scenario
It's 8 dollars and 13 cents for the small oversize again
If you're not sure what that means is the longest side being 60 inches or less
So 60 inches is about five foot. So are just slightly less than an average
You know height of a percent so it's about five
Five feet I don't know if you guys can see that through the webcam
But yeah
So the median is gonna be about just on this three feet and the longer side being a hundred thirty inches or less
Same as the other scenarios guys
You have a medium oversized large oversize and special oversized and this is what amazon will charge as a fulfillment and monthly
You know basically their service to take care of your products
So the second portion of the fees that amazon will charge you is what's called the monthly inventory stories
Which they charge you based on the cubic feet. So cubic feet is the way the width times the length times the depth
So once you to multiply those three numbers together and multiply it again, if you're selling within the first three quarters guys
So January to September you're paying about 69 cents a cubic foot if you're selling between October to December
Its 2040 cents a cubic foot
so one of the reasons that it's more expensive is because queue for a lot of sellers know that their
Revenue, the profit is gonna be double triple quadruple
Based on the other three quarters. So everyone wants to get their product in Amazon's warehouse and Amazon knows this
That's what Amazon actually will charge you a higher amount for you to store your product into their warehouse
Come q4 because they know how fast you'll be going through your products as well. So
Amazon will actually charge you a you know lower fee for fulfillment in q4
But they'll actually be charging you a higher storage fee for that's you know for the q4 at the same time
So you guys want to make sure that whatever
Product that you're getting in you get to test that out at least in the first three quarters of you know
You selling the products so that way in q4, you know, your product is selling you know
That you know consistent level of sales is coming through and you're making those profit
So then you can actually without worrying about paying an additional say, you know
The difference extra for your store is you're actually focusing on bringing in all the products that will actually generate
You a ton of profit because you know, that's the whole goal with Amazon. So
Again, we have the same fees for your oversized
Now let's go and estimate your fees guys
So you can actually compare costs which I cover using the Amazon FBA calculator and today we'll actually be going over
The one product that I mentioned in the intro of this video
For you guys to think a little bit outside the box rather than just using
You know product research - what can you do to differentiate your product to bundle your product so some Amazon FBA
101 to help you guys
You know show you how viable Amazon FBA really is and how you can actually still make a living selling on Amazon guys
So let's go over
the more enhanced a detailed version of the fees that
Amazon will charge you because this is very important and I've had a quite a few students who did take advantage of this
This is the 218 FBA storage fee. So they did increase the
Amazon FBA fees this year as most of you guys do know
so
The prior to April 1st, they had an older price
So now instead of 64 cents a cubic foot the monthly inventory storage fees is 69 cents
so not that big of a difference, but again for Amazon still makes a big difference in terms of the volume that they push and
You can go through this yourself individually guys. So it basically has all kinds of data here
because what I found
I noticed with a lot of people is if you bring in a seasonal product that lets say sells well through q4 and you end up
Ordering too much inventory and you don't sell it
Sometimes you have a few options one lower your price or you can sell it out to if that's not your option
Does it actually make sense for you to?
Store this product for say six months nine months out of the year
So next season you can take advantage of selling it at the you know that high price again
So I had a few students who did take advantage of this and we calculated exactly how much those long-term storage fees
I work for his product. But Amazon also shows you this so you can calculate your own if you're not sure
so for example, if you're selling a toy in the toy category, that's about 11 by 8 by 2 inches and
You're within 180 to 365. So basically you're within the 6 to 12 months in this scenario
You're paying a dollar and 15 cents for your storage fee
So if you have a hundred units just multiply that by a hundred again
Sometimes this makes sense because if you were to say for 100 units reduce your price
but two dollars obviously makes more sense for you to
Pay that storage fee. Keep it longer so you can make more money end of the day
It's just like a stock guys imagine you buy a stock at $100 and it drops to $90
But you know sooner or later the stock is gonna go up in value again
would you take the loss now or would you hold on to it to take the
Difference in profit later on so it's all the business decision that we need to make and it varies case-by-case guys
So go through this again
if you have any
questions comment down below
if you have a product you want me to take a look at or you just want to
Know how these numbers reflect on your specific product comment down below if you have any questions so far about the video
Let me know so I can help you guys out because I want to make sure you guys understand
how the different seasons come into play with Amazon FBA fees both in terms of storage fees and the FBA
fulfillment by Amazon fees so this part is actually
covered so we can move on to the next stage because it becomes very important when you guys are actually
Getting into Amazon FBA to leave your nine-to-five job and start making that
You know sales and profit do Verdean and scaling and growing your Amazon FBA business to that hundred thousand two hundred thousand a month income
So let's go through product research guys, so I was just doing it
You know I wanted to do a video for you guys using viral launches product discovery and knowing this video
I'm not doing electronics anymore. So I wanted to take a look at health and household patio lawn and tools and home improvement
So the criteria stays the same you want to make sure you're selling at least ten units a day or your competitors are
priced between twenty to thirty eight monthly revenues
So I was just kind of glancing over some products and I came over this product here. So
We see that the price is $27.99 were net profiting 1863 per unit with a fifteen review
Which is amazing guys making ten thousand a month with only 15 reviews
BSR is not that great, but he's still making three hundred and forty six units a month here
So this is selling ten units a day
and this is exactly what you guys want to do because
selling ten units a day you guys you can get ranked for multiple keywords and
start getting that organic traffic from page one because the last thing you want to do is spend money on PPC and
You know paying Amazon on top of your FBA fees and storage fees, you know
Your monthly fees for them to store your product
You don't want to go and pay too much PPC costs unless it's bringing you a lot of money and you're also making money
Organically on the side as well. But the whole goal again is to get ranked on page one
so let's open this product and
first show you guys exactly what vara launched we'll dissect from it and analyze it together before I show you some really cool tips and
tricks on how to go above and beyond what everyone else teaches you and how to actually
Keep an eye out for different kinds of products again. Like I said, if you find one specific product that is doing well
What are some ways you can differentiate bundling?
Adding another product that is, you know, different size different color
It could be a lot of different variations that you can actually add to it. So let's
Go over this tools in home category BSR is eighteen hundred ten thousand a month twenty. 79918 knows net profit margin
360 reviews sixteen
Review rate nine percent is good. Average rating is four point five this again. You guys want to pay attention to this?
You don't want to bring your product that has quality issues because that means you will be getting more returns
So that's again very good. Let's go to market trends
Price as you guys can see the market trends for this sale has been increasing
Price trend guys, this is again
One thing you want to pay attention to you don't want a product to be decreasing in value review in price
Review has been increasing again. Very good for launch gives it a homerun
300 350 units should be selling well again 10 to
13 units
per day
20 reviews to do well again guys
I have a ton of videos if you have a new product for your Amazon FBA account how to go about getting those 5 to
10 reviews within the first 1 or 2 days selling on Amazon. It's an up and coming product
There are some product with high review rating
So again nice thing about VAR lunch that I love is the fact that they're giving you guys some suggestions
So you keep in the back of your head when you're going after these products?
so you always want to do all your homework guys before you have your product as most of you guys know Amazon FBA is a
huge huge
You know spending of your personal time initially with before without making any money
But once you get your product into Amazon's warehouse, that's where all the hard work is done
And now you just start seeing that organic sales come through guys
So you may want to consider bundling this product again as I mentioned to you guys and the product is increasing popular
It's a good time to get on it
Cost calculator again. You're making 14 units in 14 units
14 dollars per unit guys, so imagine if you were selling
You know 300 units 350 units you're making five grand net profit a month, and that's exactly what you want
Just imagine you have three or four products like this. You're making you know over two hundred two hundred fifty thousand a year
income geyser, which is way more than what an average person or even a top five percent income earner mix
you know in Canada or in the US and that's exactly the power of Amazon FBA and why I think it's so
Viable for you to get started selling on Amazon FBA in 2018
even if you have $1,000 $2,000 budget
it's way better than putting in this markets way better than doing anything else with it and I believe if you put your
Time and energy into it how fast and how quickly you can scale your Amazon FBA is truly unbelievable guys
so
Let me show you guys first
this specific product that we opened here and
Hopefully
You guys will see by the end of this video how powerful
Amazon FBA is
So in this scenario, the seller has 16 reviews guys
The listing is done very well as you guys can see
very high professional quality photos
Showing the product being used in real life again. You can tell that this person hired someone on Fiverr or did custom photography
Again pictures are very very well done
Title is done as well
You know, some of the keywords are fully optimized you can see the bullet points scroll down. The bottom here description is okay
Not that great. You guys can probably do a lot better
You know
Description by following this video but check this out, right? This is what I want to show you guys
So I always check keep our guys because as most of you guys know viral launch is an estimate
so keeper by nine nine nine trick method you have
to do it you have to do it because it's so important to make sure that the numbers are congruent with what you're actually
Finding on using the Amazon FBA product research tools. So in this scenario, we're going from a sales rank of
146,000 which is one day the seller initially started selling this product on Amazon
Right off the bat. He started decreasing to 35,000 and check this out guys
Consistent decrease in BSR, which means that he's selling more and more day over day two thousand one thousand two thousand
He's out two thousand
So if you guys let's say you found this product you make you that
$15 profit every unit and you're ranked on page one with only 15 16 reviews. Just imagine q4 coming in
instead of selling
10 15 units a day, you're selling fifty sixty units a day guys. So once you start selling sixty units a day
You're making 900 bucks a day
Just the month of December. You're making 27,000 net profit margin
Tell me this is not something that you guys want to spend time to learn more about and I've had so many students that are
Making you know went from making thousand two thousand to ten thousand to twenty thousand and one income just by following these simple
tactics and strategies guys
Amazon EFI is just a set of principle and formulas that you guys want to learn and once you learn it
It's so easy to replicate that same process to apply to more and more products guys. So I
Hope you guys see the power of Amazon
But let's go back to another website that I mentioned beginning of this video that one of my friends was looking for a product
So I was kind of going through
Aliexpress trying to find a product that is similar to it and seeing if you can actually
Order it as you guys can see I actually ordered this for him the other day
So I want to open this listing and actually show you guys exactly how powerful
Aliexpress Alibaba, dhk truly is guys. So this product we shipped it to Canada
free shipping which means you're not paying anything extra for customs duties taxes again, if you're you know,
using a supplier on Alibaba Aliexpress
DHgate
DHgate and Aliexpress. They offer free shipping for most products Alibaba. You want to make sure that you're getting a DDP code?
Again, delivery duty paid you never want to hire freight for yourself. Especially you're new to Amazon FBA again
I cover a ton of video that goes over this in detail
So we won't be covering that in this video, but I want to show you guys something. So this same seller is selling a
Where is it here?
Selling a 4-pack guys
So you're basically getting four pieces
for
$28
the set that I got my friend which got delivered including shipping was
1735 to 1804 so I think we paid 1804 just because we only bought two units
so let's go back to our trusty Amazon FBA calculator and check out our storage fees and the FBA fees to see how
big of a difference we can actually do, you know selling this product if you were to compete with this same seller and again,
I always mentioned bundling differentiating through size color
Etc. In this case. I want to show you guys something truly powerful guys
so we'll go back to your Amazon FBA calculator and
as you guys can see I said we're buying it at eighteen dollars and
four cents shipping will put zero because the the price is including shipping and
Instead of selling a four pack this product that we're ordering here is an eight pack
So you're ordering twice the size. So instead of a four you're doing eight
Now you might say what a person actually need eight instead of four. That's a great question
imagine that you're doing your part of your lawn or
You're putting a deck. How many pieces do you think an average person needs four pieces or eight so my friend needed
16
And this is for an average size house. So imagine guys. This is the way that you differentiate. What would that person?
Who's buying your product need and this is what I always recommend going
selling in a category that you know a lot about because most people don't walk just look at the numbers and the product but don't
go one step beyond and think about okay is
For enough. Should I be selling an 8 pack? Should I be selling a 16 pack again?
you know all these things should be going through your mind as you're looking at products, so
What I thought is instead of
Selling a four pack
Which in this scenario you can buy for $30
Again, go check this out. So if I buy an eight pack and sell at $30, I'm not making much money
But since I'm ordering twice the size I said what if I was to sell it?
Five dollars cheaper, so it's selling it 8 pack for 60 and compete with the same price point as this seller
What if I was to actually?
Buy it for 1804 sell it for 55. So let's go over the numbers
Selling on Amazon fees Amazon charging us 825
Which is the refund for 825 and then we have the FBA fee
Which is five dollars and sixteen cents, which is the actual monthly storage fee and the fulfillment fee
So seller proceed is 41:59 we're making
$18 a unit so now based on the same number that we found this seller selling per day
which was
369 units a month, which is what they're selling again guys. So let's go back here if you're selling
369 units a month at
23:55
This is how much you'll be making?
Net profit after all fees once you get your product ranked on page one
So you're making eighty seven hundred a month. Now, let's multiply this by twelve months one hundred and four thousand guys
You're making a hundred thousand a year
Income income not sales income
so imagine just on that one month or
Q4 in general making another forty thousand because your sales will easily double or triple
You're making 130 hundred forty thousand a month all for one product
How powerful is it for you to have two three products within the same niche creating a brand around it and easily easily
Replicating that same process for multiple products. So I hope you guys see the power of you know, Amazon FBA at the same time
I want to show you guys something else before we move on take a look at the product itself guys
It's not that appealing to the eye. I mean, it's okay, but not that great and take a look at this product
Honestly, it looks so much nicer like you know
The whole copper view you have different colors that you can pick from you have it
You can actually pick the emitting color the waters, you know
Whether you want it black you want it so there's a ton of things that you can actually differentiate on so, you know
You can actually look at
What kind of different material cannot use on the product? What color do I want? What color of the light-emitting do I want?
So there is a lot of ways you can differentiate from other sellers as well
so in this scenario
We set and start over four pallets to an AIPAC and a similar product, but better-looking and I honestly believe that
this product itself will do it a lot better than
The other product that the seller was selling again as you guys can see everything similar to Alibaba or D educate you have high quality
Photos that the you know, the seller can provide for you check this out guys. It looks beautiful
honestly
It looks really nice
And this is exactly what you guys want to portray to your customers who are purchasing a product on Amazon FBA
Again, you have return and refund with
Aliexpress just like Alibaba you are protected and
It's it's honestly a really really good platform that you guys should be checking out every single time when you're sourcing your product on
Alibaba or Aliexpress?
so again guys one thing that I do cover in the Amazon FBA steps to success course is checking the product on
1688 which is the chinese version of Alibaba Aliexpress and be educated where you can find these products even cheaper another twenty thirty percent cheaper
Sometimes because you know, these are the website for local people that they actually can source these products
Within their own country a lot a lot less expensive. So always check your prices
And again, it gives you guys a competitive edge when you're negotiating which so far is getting a better price guys
So before I end this video again
I want to show you guys and I wanted to show you guys taking you from A to Z actually
taking you through finding that product talking to you about how Amazon FBA works through the fee structure and
How much profit you can make by bundling and differentiating?
so in my opinion Amazon FBA is just starting if you look at the statistics with Amazon's
actual revenue as a whole
2015 they went from a hundred billion to a hundred and thirty billion one hundred fifty nine hundred seventy seven last year guys
So they've grown at a rate of fifteen twenty percent year-over-year
And this is a company that's producing over a hundred billion a year in sales
So, what do you guys think?
Do you think Amazon FBA is that or is it just the beginning because I honestly believe there will be more
More and more products coming to Amazon FBA people will be sourcing it out of China because of the quality
So it's nowhere being where it should be guys
So Amazon FBA is not that it is not saturated and it's still an amazing opportunity for you guys to take advantage of it
again, guys
If you enjoyed this video and you're interested in taking your Amazon FBA game to the next level make sure you check out the steps
to success
Course where I offer my one-on-one mentoring, so I'll help you with find the product help you track it
Source it with suppliers
negotiate the best rock-bottom prices
ship it to Amazon's warehouse all the way to creating PPC campaigns doing giveaways getting your product ranked to keep you know page 1 and
Start getting those organic sales coming through so I'll be providing
Unlimited so this doesn't end it goes for as long as you need unlimited one-on-one mentorship for as long as you need
So make sure to check it out link will be below in the description box again
If you have not used viral launch before and you need a 50% off coupon
I will be providing a link below in the description as well
50% off coupon guys if you guys enjoyed this video or you're new to this channel
Make sure to subscribe give this video a thumbs up if you enjoyed the content and leave me a comment
Let me know if you'd like me to cover any topic regarding Amazon FBA
For entrepreneurship as a whole I created this channel to help you guys grow
individually
Bettering yourself and your business making more money year-over-year guys. So again, I thank every single one
Are you for joining me on this video? And I can't wait to see you guys on the next one
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