In this live stream Stefan and his girlfriend, Tatiana share with you the tips and tricks on how to start an Amazon FBA ba with little money
Stefan’s girlfriend is a superstar on Amazon. She is living proof that you can start an Amazon FBA business with little money and achieve massive success.
She went from not owning a computer to making $15,000 this month alone from selling one of her online products. Don’t sweat it if something seems confusing. Remember that support is one click away, and Amazon support agents are normally very good and eager to help you get moving.
How Much MONEY Do You NEED To Start Selling On Amazon FBA
Often I’ve found a bunch of Amazon “gurus” underestimate the costs involved in starting an FBA business in order for you to leave enough room in your budget to buy their courses. That way you haven’t really factored in all the costs if you intend on buying a course as well. I do not barter my course on this post, I’m not even linking to it so you know I’m not screwing you around.
Product Cost is The first cost involved which is also one of the biggest costs is the product manufacturing. You’re going to having to drop a load of cash here as this is the base of your entire business, without a product you have nothing to sell.
I often talk about the types of products you should be selling in order to maximize your profit and guarantee sales like Has to be lightweight, Physically small, Sells for between $20 and $50 on Amazon, Decide on want VS need products, Low number of ratings (less than 75) and high sales velocity on Amazon at least 7–10 units per day.
Create Company, Brand Name & Check Trademarks
Next, you’ll want to set up your company and brand. You’ll also want to check trademarks. You can do most of this character. But if you want to incorporate your company, for example, expect to pay a few bucks to do it. And, trust me, you don’t want to operate this in your personal name. You’re literally exposing yourself to liability by doing that.
Get an LLC or incorporate a standard corporation before you move forward. Obviously, this depends on your location. If you’re in the US, setting up a company to do business under is fairly easy. Use BizFilings or LegalZoom and others to do this. Expect to pay in the range of $150 to $250 to set this up. More if you’re outside the US.
You’ll want to pick a company name that’s indicative of what you’re selling, for the most part. That name is generally going to be on the label of your product. So pick a name that makes sense. Potentially one that is keyword-rich for higher discovery. But at the end of the day, this is going to be your brand. So choose wisely.
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