I Tried Amazon FBA for 6 Months - The Honest Results
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- čas přidán 24. 07. 2024
- WARNING: This is an HONEST Look at Amazon FBA where Troy shares all his revenue/ profit amazon fees, mistakes, and the TRUTH ABOUT AMAZON FBA!
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Wasn't it free?
3:21 the first mistake was that you shipped each sample individually which cost you around as you say 150$.
Prevention: whenever you are ordering a lot of samples from different suppliers always and i repeat always hire a consolidation company and send their address which they will provide you to the suppliers.
Then the company will place all your samples in one box and then ship that to you which will save you alot of money.
@@TravisMarziani no i one day i hope so but for now i am a VA for Amazon
Sorry for the misunderstanding, when I type consolidation companies near me, it typically refers to debt collectors. Do you mean the same shipping company?
@@trayanhristov hey where are you sourcing from?
I don’t get it. Why supplier cannot ship it in the same box to you but rather to consolidate company?
@@BEASTNYCwhen we are sourcing a product from lets say Ali Baba all the manufacturers are from China and we ask almost 5 to 6 manufacturers for their sample of the product so we can test and decide which one is the perfect. So if we ask each of the manufacturers individually to send the sample to us it typically cost not so much but when 5 to 6 samples combined and sent individually it sums up to more money whereas if we consult a consolidation company it collect all these samples put then in one box and ships that box to us which costs less money cuz they have to pay the fees only one time instead of paying the fee for shipping for every single sample. I hope this clears your doubt. If you have any other queries about any Amazon related stuff feel free to ask.
What a fantastic, honest video. Troy, thank you for being vulnerable and sharing all of the numbers and learnings you had. Travis, thank you very much!
I started 8 months ago and doing really good I quit my 9-5 and continue to grow my business
Travis Marziani I’m selling used books
@@Yessirdo Might I ask if you are doing FBA on used book and wholesale , or FBM? Thanks
Kawai Y I only do fba
Kawai Y always list as used and for shipping I’m paying on average $0.70 per book shipped in 50lb boxes to amazon
@@Yessirdo sounds reasonable. Do you also have new upc code or gs1 code for each used book? Sorry I'm quite new to this. Appreciate your time explaining.
One of the best genuine videos I've seen on youtube with real lift example!
I really liked this video because it is a refreshing, transparent look at ecommerce that a lot of youtubers gloss over to show the get rich quick schemes instead. Learning that the long haul is a business like any other and requires the same investment of effort is a great wake up call!
@@TravisMarziani I'm a student researching potential online business ideas for my class project, I haven't done anything yet lol!
Literally one of the best A-Z tutorials on e-commerce that I've seen so far. Love the simple, but comprehensive format. Thanks!
I'm glad I found this video. I've been selling FBM retail arbitrage for a year now. I've been told religiously to stay away from FBA, but I'm researching it now. I realize now that I research my inventory much more than the people telling me to stay away from FBA. All my products typically sell within 2 months of listing whereas the family members advising me against it have had certain products on their shelves for over 3 years. I immediately steered away from branding my own product because of the really high startup costs of my passion products. I'm about to take my business in another direction.
Wait till amazon screw you for all you have lol!!
This was helpful! I registered a business and signed up for Amazon FBA a week ago I was planning on just finding wholesale products that already exist and have a name/ratings but you have me curious about branding my own products now.
What’s great is by the 6th month he’s doing great with just 1 product and at that point he knows what to expect and has a feel for it and would be a lot easier to add new products
@@TravisMarziani Isn't what he did called private labeling?
Watch the full tutorial by Dan Vas, it really helped me
@@TravisMarziani yes they do still work.
Troy, congrats with your first product, and thanks for sharing your story. That 1.6k mistake was painful, but good you was able to recover and keep going!
Out of all those so-called Amazon Gurus flashing their Lambos, it's so refreshing to discover content like this. You guys are the best ♥♥♥
There are other people that give good advice you know.
Like who?@@AmazingStoryDewd
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Most shipping agents in China offer consolidation, basically when you hire a shipping agent to transport goods to they have a warehouse where goods can be sent to, ask the agent for this address (usually in Chinese) and pass it on to the suppliers who have the products you want to source. They will quote you the fees, insist on receiving a tracking number and the courier company name to pass to the shipping agent. The fees for local courier services in China are generally very cheap but it does depend on the size and weight of the package, as there are numerous services that can be used depending on your need, such as time sensitive, bulk goods and so on.
The shipping agent will then consolidate the goods into one shipment or package and this will save a ton of costs, I've been sourcing products for MNCs and SMEs for over a decade and I'm based in China so my info is solid.
I think there are category specific online forums Troy could've joined to ask questions when he first started out but there needs to be a big, engaged, active number of participants on said forum for good resulting answers to his questions. Otherwise, he could've hired a consultant I suppose. Seems he's a go getter and it worked out and is still working out which is encouraging for all of us newbies... Yay! ;)
I am new to eCommerce, and I'm in my preparation stage, glad I found out about your channel, I will come back and comment on your video when my eCommerce career is successed! Your video solved all of my questions and the issues that I am facing right now, Thank you, Travis!
hows it going bro? hope all is well in your journey
What is your product? Good luck!
Have you solved, i am starting if possible can you help me ?
thank you so much for showing us a real normal case, I am so tired of seeing people making 10,000 a month, with 25% profit, like magic lol that discourages me so much, but then I see people that are also learning like me but staying positive and perseverant. Thanks so much!
Thank you so much for these words, I really needed them : "The people that win,.. They're the people that are in it for the long run".. Yes, I was about to just quit, I am in my second month with FBA paying PPC, I'm still breaking even, kinda discouraged, finding new ideas to improve.
@@TravisMarziani Thanks Travis, I'll check it out
The business model here is for Amazon to profit and not you, just look at how Amazon treats and pays its employees, you can't expect Amazon to treat the "entrepreneurs" getting on their bandwagon.
Stick with wholesale instead of private label. Less headaches
@@ironhorsegladiator5034 Amazon pays its employees more than any other comparable warehouse company, with top of the line benefits, and better treatment than I’ve seen at any of the 6 previous industries I’ve worked in. The 2% of the population that complain don’t speak for the other 98%.
Truly inspirational! Young kid who did it all by himself with little start up costs. Your parents should be so damn proud. Your experience is teaching people older than you how to do Amazon sales right 👍
So interesting to hear these very detailed aspects to kicking things off on Amazon. This comments section is also crazy helpful.
Maybe one of the better videos I’ve seen. Good job. Being transparent about the costly mistakes really is so helpful and it’s the questions asked that are the best content. Can he use Wilson or other name brand products in his keyword to help put his product in front of those potential buyers?
Who was coaching Troy since day 1? Good job. Im always inspired by seeing such young people do business.
I always watch these CZcams videos of people talking about their experiences but the first fck up is they hide their product and sure I understand their worried but it’s still not genuine so to show my gratitude for your honesty I just ordered red tennis grips from this brand. Thankyou for being very open from the get go. Now I shall learn to play tennis. Lol
Haha love this so much!
I can't agree more with you, people hiding their product like it's a big secret.
Really appreciate the transparency. Almost everything related to making money on Amazon are people trying to sell you a formula
Thais where the real money is
Loved this video and how raw it was, but loved how you came back and created success.
I am just starting into this and my previous mistakes led me to this path. I have a brick and morter store and I made the mistake of purchasing too much inventory and now I am going to Amazon route to eliminate my inventory surplus but have decided to sell some products on Amazon - in the process of determining what that is currently. Enjoyed your videos - feel like you just want to help people and you are an honest person.
Hey, I'm a newer channel, Also doing some Facebook marketplace content. Feel free to check it out.
@@TravisMarziani how much does your training cost?
This is actually the first video that I’ve watched and was given real information
The irony is, the coupon fiasco probably skyrocketed your conversion rate, which boosted your organic ranking (and PPC placement), and ended up boosting your sales in the long run, which is why your sales increased afterwards.
Great observation! I think so too. I'll have it in mind and even apply when the right time comes :)
Doesn't sound like a mistake to me
Yeah sounds like a good strategy to boost your sales in the long run. $600 “lost” for so many reviews and boosting your store its worth it.
yeah, this actually could be a great way of thinking outside the box and helping yourself in the long run
@@KlaudiaTucker 1600$
Good luck. I am glad that you found a product that you can be passionate about.
This is an amazing video! Very generous and transparent. Big Thanks!
Thank you for your honesty. Most people sell the dream. I love the fact that you took us month by month. Thank you thank you
Trav I've heard there are many amazon sellers that lie about thier revenue etc. to try and sell courses. You seem like a nice, sincere, genuine person. If that's the case you'll always be ok!!!
Great video guys! A realistic picture of selling on Amazon and thats a good result for having done it on your own. Totally agree, having a experienced mentor is key if you are going to ride the Amazon beast to the top.
Hey, I'm a newer channel, Also doing some Facebook marketplace content. Feel free to check it out.
I've slowly started delving into dropshipping and had interest in FBA and honestly this was one of the most helpful and easy to understand videos about it all. Thank you!
Damn, so it really is more profitable to teach people FBA than it is to actually do FBA. You got it figured out Travis 🤫
I followed this channel because of the format, the likeability of the guest, and how well the host listens.
Great video, thanks! I am planning to start soon and I would like to know what do you think about amazon profit calculator. Can we rely on it? Should I just add the PPC cost? I am confused about the product I just found since it cost me £8 DDP delivery. Do you think is too expensive as a first product? Thanks Travis
This is great info. FBA Logistics professional here 🙋♀️ and just wanted to add a helpful tip regarding potential shipping delays. The import market from Asia is very bottle-necked right now and freight forwarders are experiencing up to 3 - 4 weeks for a booking confirmation with a steamship line. That could add another est 21 - 28 days to your 45 day window. Not to mention, the Chinese New Year - most everything is shut down for a couple weeks. When space is tight, cost go up, which may cause a slight freight increase. Supply and Demand.
@@Skins4497 Actually this was from a year ago when it wasn't so obvious for everyone, and right before container prices sky-rocketed. Not only that, after this comment, new shippers were on the back burner and had delays up to 4 months. Valuable info for those who were just getting started with imports at that time.
@@jeaneenscharfman7131 Hi are you open to helping and giving tips to someone who is trying to start with FBA? I’m trying to get started but not sure what steps really need to be taken first.
hello my account keeps going negative & idk why can you please help , i can give u my #
The 99% promotion probably lead to a higher rank in Amazon, great reviews, and therefore increased sales.
@@TravisMarziani no that's why I'm at this channel!😊
I was thinking the same thing, their views comes from us, and their increase
Yeah that's probably why he did it on purpose and claims it was an accident hahaha
If you're lucky with your keyword.
I love the information from your videos. It all seems overwhelming at first until i go back and rewatch them. I hope to start up soon.
This video out all the FBA videos i have watched. Is the most sincere and believable . Great vid guys
Hi Travis, Thanks for a great video! I think I made a wrong product choice. My product's become me-too product, and no sales for a week since I launched my product. I will do my best as much as I can, but I started to realize I should think of a case removing my inventory from Amazon warehouses. The thing is, I am in the states, but in other country. It would be much easier if I am in the U.S because I would just simply have Amazon deliver my products to my house, but not in my case. Do you have any suggestion?
I watched your video. I’ve watched several from people offering courses. Yours was easier to follow and my attention was completely engaged with you. When will you have another session opened for classes? I can’t joined for this one. For the moment I will follow and study your content.
Thank you.
Lizet
Your videos are amazing! Full of information and value. Thank you for creating and sharing
Thank you a lot for this video , I learned and enjoyed a lot watching both of u talking about your experience
That is literally why I haven't completely started because I wish I had someone going through this with me so I know what I'm doing and avoid mistakes!
did you start yet?
Love the positivity coupled with honesty
Travis Marziani No. Tomorrow I will be receiving my first pallet that I bid on and won. My plan is to sell those items on FB marketplace.
Thank you for sharing your experiences, good luck for the future
Thanks for being so candid and honest
What a great video. Thanks for sharing your story, Troy. Trial and error, and then comes success, as you have shown.
@@TravisMarziani Hi Travis...I have been learning a lot over the past few weeks from you and others. I will soon be selling on Amazon. Wish me luck!
Hey, I'm a newer channel, Also doing some Facebook marketplace content. Feel free to check it out.
@@zafwarsi3238 hi bro
Great video, bud! Always nice to see new sellers overcoming FBA obstacles and becoming successful!
That was awesome! Very well done video, thank you Travis!
Nice one! Hope all is well.
Great video. Love the honesty and transparency. I'm also in West L.A. great place to live if the $$$ roll.
Imagine he got success in his first product. some people don't see success in their products. Keep that in mind before starting FBA.
Loved how you were honest with your expenses and profits. I'm also thinking of starting the amazon business so this video def gave me an insight to what to expect.
@@TravisMarziani Nope. Still working a corp job and now, i really want to quit and start my own thing.
@@marri142yrs after. .. How did it go?
@@Make_a_Splashwho knows how it went.
Great Video! Thanks for the Humbleness to share this video for Growing your business 😌
Just came across this video. Great content! Keep up that great work of helping people and in the long run you'll be rewarded.
@@TravisMarziani Hi Travis, thanks for asking. No right now but I want to. I'm in contact with Alibaba chinese companies reviewing samples of product for private labeling. I know is not your preferred method 🤭🤣. Regards!
Great informative and entertaining video. I am considering fba startup as well. Is delivery by air ever feasible or only the long sea shipping? Thanks.
1 year in, 6 figures of revenue the first year, 5 figure months started around 7 months in, which made for a nice PPP, which made for a super boost for 2021! Stoked!
do you have a DBA or LLC?
How long did you plan before going in?
This was the most helpful business video I have seen on CZcams. I'm going to share this across all of my social media. Thank you so very much for making this video.
@@TravisMarziani I am currently in the research phase. There are so many different side hustle options out there and I want to know about all of the pros and cons associated with each of them. Your videos have been incredibly helpful for determining next steps for Amazon FBA and beyond.
Great Job 👏 Troy 👍. And a special thanks to Travis for putting out the free tutorial on how to get started with Amazon. I was just turned on to your website by my grandson two days ago. My wife and I are retired and very much looking forward to beginning our Amazon business. Thanks again two both of you.
Great video! You guys talk about real business not just profit before tax,
I"m still trying to recover from my first product. I still have 50% of my units after 2 years and had several hundred disposed of by Amazon. I never did conquer PPC. All told my 2 year 1st product launch has been at a negative of about $10k (but still have inventory). Need more $ and time to turn it around or find product #2.
This video was amazing….as a person that has sold on Amazon…its not easy and becomes very discouraging…this video has explained the process so well.
Thanks! Very clear information. I learned a lot. Cool product too
instead of just popping deduction numbers up, it would have been nice to see them labeled.
business success requires learning and learning is expensive …don’t think of it as a failure think of it as education …no one really kills it out of the gate…
watched so many videos about fba.. this is a really good video with small details!! THank you!
My partner and I opened an Amazon account and added a product. It was poorly done. So our next iteration, we removed the product and added the product again with the proper information. Now, though we have paid our monthly $39.99 the product page does not show. an error shows that multiple sellers sell the same product. We tried to contact Amazon, but with no resolve.
Wow, so much just to get started. Didn't even expect all of that.. Thank you both for explaining this.
@@TravisMarziani Im just think about it. But Amazon takes a lot of fees, and there's a lot of people saying they started as well and failed fast.. So that's keeping me a bit worried and out of it for now
My biggest mistake and I still don't understand the why even after I asked amazon, is using FBA I was selling about the same on FBA as I was on FBM but my profits with FBA was about 3-400 a month but Before FBA and after FBA when I returned to FBM my profits were 2-3K same amount of sales the person I talked to from amazon said that was wrong and I should have had more Profit than FBM,but I told them I'm looking at the checks amazon sends and those are the numbers.
Great video guys!!! This was so unbelievably helpful.
I haven't done a mistake but planing to do in the very near future :) Thanks for great sharing!
Hey Travis, I just watched this video and have a question on his inventory, when he was running low on inventory how did he solve that problem. Also is it not better to have 4 months inventory since it takes minimum of 2 months to have new inventory shipped. One month to observe how the market is reacting to your product. And 2 months to have it safely in Amazon.
Great video, I am still waiting to make my big one... would be interesting to be doing a video with you via zoom or duo discussing about it!!
Awesome! Feel free to visit my channel. I have a lot of tips to offer.
Troy and Travis, you guys are amazing thank you! Im on my way to financial freedom thanks to you guys help.
@@TravisMarziani no that’s been the challenge for me sadly. I know everything I need to know I just don’t know what product to sell :(
Thank you both guys for sharing this experience, I'm learning a lot and is very useful information.
@@TravisMarziani haven't start yet , just setting up the company, learning from people..
hey bro, i have recently sign up for amazon affiliate program, the catch is need vat registration which i dont have, since i did own a company, any solution? pls. revert thanks
So my wife and I are getting into Amazon FBA and we have been calculating costs with Amazon‘s Calculator and it tells us approximately how much we will make after fees that are there for using Amazon. Now if you have a company that you created for this, you also have to take out the additional 30% for taxes for the end of the year , correct?
You can write off all expenses. So basically you can at the end of the year when they send you a 1099 form, when you file your taxes you put all your expenses (the 70%). I believe with this you will probably pay
Your self employed you can pay what you want because of all the write offs.
@@Caliprospecting WRONG! Self employed people who are a 1 person business pays the MOST in taxes over EVERYONE!
@@EliteOnTheBeat clearly shows you don’t know how to do taxes with all the loopholes provided.
I really like these dudes, very genuine ppl!
I love everything about your videos, right now I'm at cross rods betwen trying to create my own branding or do the wholesale products.
I was born into a family with no money. But I'm so happy. It's like this ... Now I'm making $10,000 per month ! Thankyou !
good for you, can you be my mentor?
I think some of my mistakes include - 1) not differentiating myself enough. So I ended up competing with lots of similar products which were often cheaper than I could sell mine for. This example was with the detangling hair brush that was popular for a brief time. 2) Not actually knowing how much inventory to order and when, so you mentioned the 45 days lead time. I basically ran out of stock and then had to wait months to restock and in that time, all the money spent to get my ranking up on Amazon , had to be spent again. Strangely the 2nd time of advertising was less efficient and ultimately the advertising costs were just too much to get the products back to where they needed to be - to be seen and sold. 3) The pay per click has a flaw I think, I’m sure competitors click on the ads because they know this will use up your budget. I am not sure Amazon provides protection on this. I am yet to make a profit from selling on Amazon - I think I mainly lose money, around £2k from the last venture
@@TravisMarziani I tried / started back in 2019 by listing a product under another listing of the same item. I didn’t know about brand registry then, so it wasn’t long before the seller complained and my account got locked. I swear it took almost 7 months of back and forth with Amazon to get it unlocked. I then went through the whole Brand Registry / Trademark application which also took a few months. So I didn’t officially get started until 2020. I only survived about 3 months. I wasn’t rich enough to sustain the losses 😭- I just didn’t understand the numbers around what Amazon were charging. Their invoices just seemed unpredictable. I recently decided to try again, but I think I am on the verge of making the same mistakes, especially around the product I’ve chosen and then the logistics of restocking if it goes well.
That shouldn’t be an issue with PPC. It sounds like you just had a conversion issue. Good on you for trying, but please look at it as a learning opportunity so you can adjust and improve your conversion rate in the future.
@@noodlebrains i certainly agree with your mistakes... i think im making them too and i feel kind of stuck selling at amazon at this moment, so im curious how has it gone to you so far, did you change like the strategy in advertising or something like that?
@@ricardobriceno8805 I asked Amazon to help set up the advertising for me. They offer this service for free. I’ve stopped for a while until I can think of a good product and build a proper brand.
@@ricardobriceno8805did things improve? What r u selling? Did u make any money?
Entreprenuership is a noble persuit , but there isnt really a substitute for getting a education in something, or a trade. So many people fail and its really true to have a backup plan
Such a great value of contents. You have found a subscriber.
What is your formula or criteria when picking a product where you can actually have some liquidity ? Most people I know say "I made this much !", but really they just keep putting that profit/money into buying more merch to resell and they hardly put anything in their wallet meanwhile all the time they put into it. Thanks.
That's the power of a good "mistake". You could actually replicate in a more controlled way in order to generate tons of traffic that will benefit in the long run. Social media promo codes are the best way to go.
So many great tips! Well done 👍🏼
I love that you guys are putting us out there at the same the same time I guess everybody's trying to talk about alibaba but like I'm afraid that it's just gonna ruin it for everybody's guess there's gonna be no chance it's gonna be so drowned it that there's no chance
Thankyou for the honesty 👍
Imagine trusting a YT video made by your competitor telling you to stop competing against him.
In half a year he made almost $2000 profit! Definitely lots of lessons, good advice and shows risk within the industry.
Nice and honest video!! love it! Thanks for such a nice info
I started in 2018, used jungle scout found a fairly well selling product and made a bunch of sales, maybe like 1200 revenue first month, unfortunately I was using dropshipping and the morons sent out the wrong style items that the people ordered and a bunch of people gave me bad reviews all at once and my account was suspended for 6 months at which point I just said F this. Luckily however the rest of my inventory amazon LOST and they covered the cost so I broke even over all lol.
@@TravisMarziani I remember people saying in 2018 the competition is getting fierce and probably only a few years left before its not even worth most peoples time, I suppose they were just talking about selling products from China lol.
I did have a few products of my own through FBA which sold. They didn't sell very fast and they were seasonal. I guess I was pretty skeptical about the whole thing and never wanted to put down too much on any single product because the products I WAS selling were selling so slow that If I got hundreds of something I was afraid it would just sit there and never gain rank. I also didn't like the idea of paying 35 dollars each for samples and then possibly not getting anything worthwhile after like 10 samples and ditching that product then trying again and losing more and more money. There are plenty of ways to lose money in this and you have to be very careful. Maybe I am just to scared of losing that I defeated myself before I started. Bottom line though I never did find a product that I had enough faith would sell to invest thousands of dollars on.
Travis, my BIG question (even after taking a course).. How do you bundle products from different manufacturers (like if his grip was packaged with another accessory from another manufacturer)? I realize I could have everything sent to my house, then ship to FBA. Is there a more streamlined approach? Thank you!
@@TravisMarziani that would be awesome. The added value listing thing I see so many sellers doing, I just have thought there’s got to be a straightforward way to put that together. I’ve also heard “just have the supplier of the lighter weight product ship to your main product supplier and add it to packaging”. Seems like a lot of room for error
Yes. Name called Amazon FBM
@@TravisMarziani Is there a video which answers this particular questions Travis?
love it, keep up the great content!
Aww poor Troy! But I am glad he made it back with a vengeance!! All the best 💪🏼
I’d like to know how much time you put into learning ? and how much time you put into your amazon everyday ?
That "mistake" actually created brand awareness and led directly to the following month's increase in sales. You should call it a Great Mistake!
i Subbed cause this was such good conmtent and inspiring! im looking at starting amazon fba! So thankyou for this!
great video, soooo charming the both of you. and i learned a lot!