 What's up everyone take down here welcome back to another video today I'm going to be giving you guys a nether updates on my amazon fba store I'm really excited for this because it has been a while since I've made a video about amazon because Nothing really has been moving on our amazon our products have not been selling until recently so If you guys haven't watched I have two videos about amazon fba for our amazon already on the channel The first one talks about us starting up our amazon fba accounts and our store and looking for products Our second video talks about and shares us shipping air our first shipment to them Our first shipment included for me one dash cam three bluetooth speakers and 20 folding knives which are for construction or whatever they had the replacement blades in them packages as well So that's what our first shipment was and explain all that in the first two videos So recently it has been about two almost two and a half months Since we shipped the stuff to amazon and we have not got any sales And then out of the blue we got sales all three of my bluetooth speakers sold I ended up getting 20 profit a piece for them. So a total of 60 dollars profit right there They sold for a total of 150 dollars. They were 50 dollars each Amazon did take a little bit out of it. So at the end of the day, we ended up getting 120 dollars But out of that 120 dollars that was 60 dollars profit for us because of the initial cost of the bluetooth speakers So already we sold our bluetooth speakers. That's 60 dollars profit right there And then we started to really look in to our other items. So my dash cam I've been lowering the price on it. So right now. I think it was at 139.99 I reduced it down to 119.99 and I plan on putting it down eventually to 99.99 If it doesn't sell soon if it sells at 1999 that's going to give us 50 dollars profit for that item alone Now for our knives, we had 20 knives go in And we started them off at 20 dollars a piece and then as soon as we purchased them People were selling them on amazon for 12 dollars. So if we were to have lowered our Price for these knives from 20 to 12 dollars, we'd be making no profit. We'd be just Basically Getting our initial money back and that's not including what we paid to have our account for those two and a half months that we did so We decided to Hold out wait a little longer. I ended up lowering them down to 18 dollars I believe and it stayed at that for over a month and then I basically have just been checking and updating and Continuously checking to see the other stores not only what they're selling them for But also how many they had left in stock Out of the ones that were selling it for 18 dollars Two of them only had one knife left each. We had 20. There's one person that had that were selling them for I think 20 dollars still and there's one person that was selling them at the time for 1599 or something like that So I ended up lowering our price down to 15 95 just to see what it would do That would initially give us a four dollars profit per unit that gets sold at that price And we were kind of okay with that. We all discussed it and we decided to set it at that So I did and We started to make sales right away. So far at that price We sold Four knives, which now that we're getting some moving. That's awesome to see Right now. I believe we have lowered it down to 1499 because as soon as we dropped our price and started to get a few sales One of the other stores that were at 1599 he dropped his down and We've been lowering one cent every day and they've been doing the same So right now we've decided to stop both of ours are at 1499 And that's where I think both of our stores are stopping at and we're just going to see how many we can sell Our goal is to sell all of our knives Sell out of them and will we invest again in the future? Possibly However Since it's kind of a race and it's a war to try to get profits and get sales with these items I do not see it myself or if we do it's not going to be 20 knives We'll probably do half of that maybe 10 But we'll see what happens in the future But the fact that our bluetooth speaker sold and we're starting to get sales on the knives Is starting to pick up our hopes for our amazon fba business our store because we have high hopes for it We want to keep doing more for our store And looking at new products. We've been trying to find new products in stores doing retail arbitrage for a while now For some reason we can't find anything. It's been a real struggle Or one of us will find something and the others will not like it So we end up not purchasing it because there's three of us doing this working on our store And we're all we all have to agree on something before we do it and that's the fairest thing that we do right now The reason there's three of us doing it as I've mentioned in previous videos Is to split the cost and to split the work up. So it's not overwhelming for one person So I am the Holder of the accounts, but I have a shared our accounts with the other guys So they can access it and they can view it anytime they need or if they're in stores They can scan products, but Recently I've been looking online trying to do some online arbitrage I came across alibaba And I've been looking at it every day trying to find products. I'm looking at that I'm looking at other sites as well trying to get thoughts and things that can Sell on amazon and updating you guys on the stats of our channel. Hopefully our knives will sell by the time I make my next video Hopefully our dash cam sells as well. That's my main goal right now But I just wanted to take a minute's update you guys with our amazon fba The products that have sold and how long it took for us to sell so over two and a half months of waiting And we're starting to get sales right now. So Hopefully we will continue We will find new products because my worry is If all of our products sell right now We're not going to have anything in the store and we're still going to pay the monthly fees to have the account Which is $30 a month which will add up very quick So we're trying to get right now The right products in our store that we can sell to make products and that we can hopefully sell faster than the products We already had or for our first shipment. So Hope you guys enjoyed this quick little update on our amazon fba. I'm gonna leave this video here Please take care if you guys have any questions on amazon fba I know we are new to it But just comment down below and if there's anything that I personally can help you out with I will try to respond and help you guys out with any questions you have. So hope you guys enjoyed. Please take care. Peace