 What's up everyone takedown here welcome back to another video and today I'm gonna be sharing with you a new journey that I'm gonna be getting into and that is Amazon FBA. Let's get right into this So I've recently been looking into Amazon FBA and basically what that is is I will become an Amazon seller And all my items are gonna be fulfilled by Amazon So if I was just a normal seller I would post my stuff on Amazon and it would charge a small fee and then whenever it gets sold if a customer comes and Purchased them off the Amazon websites, then I would be the one that would ship my product straight to the customer With Amazon FBA, which is Amazon fulfilled by Amazon Basically, I take all my products and I will ship them straight to Amazon And then whenever a product gets sold on Amazon's websites, then Amazon will send that product and Fulfill it they will pick and pack and ship it straight to the customer So it's less hassle for me, but with that they charge a little bit more of a fee But with that there's still profit to be made with Amazon FBA as long as you purchase the right products And you have the patience and you try to find what works So since I'm just starting out it is gonna be harder for me to try to find what products will work for me What products will sell better what products will have more of a profit? And there is certain products as of right now that I've been scanning that are restricted for me Maybe because I'm a new user and some products are like name brand like Marvel Disney nerf products like that are Needing to be approved before I can sell them so by doing that I either have to get a letter from the company or I have to go and purchase an invoice of Over 10 units of that but by buying them off name brands instead of the clearance shelf It's gonna cost me a little bit more money, but at that point I'd be able to sell them. So with this Fortunately, I'm not going in it alone. I am going to be doing it with two co-workers at my job We discussed it and we're deciding to split the costs three ways and Then with whatever profit there is we're gonna be splitting that three ways that is as well So it's less risk for each of us all three of us wanted to do it solo Anyways, but by us combining it and combining our business as one We're gonna be able to outsource more products because I live farther away So I'll be able to scout products in my area They're gonna be able to scout products in their area and we're gonna be able to combine them Take all the products ship them all to Amazon We're gonna be splitting all of the costs and then one of those products sell on Amazon We're gonna be splitting all of the profits. So we have kind of a business profile of how we want things to be and How much money we're spending a month. We're basically gonna be as of right now Doing $50 each and that's gonna be a total of hundred and fifty dollars every two weeks or every month depending on how it works Since we were just starting out. We kind of want to taste it and see what works what doesn't work what products sell what products don't sell and Try to go from there. So how we get our products is Simple, but it is still a hustle. It's still a grind. We have to try to find those products So number one one thing that we do is retail arbitrage. That's one thing. We've been starting That's you physically going to stores stores like Walmart Target buying clearance items items that are reduced price or sale items and With Amazon FBA there is the Amazon seller app So you basically become a seller you're paying $30 a month to have access to the app and to be able to post stuff on Amazon With that $30 a month you have access to their app where you can scan barcodes and It will tell you what your profit will be all you have to input is how much it costs you and it will tell you if There's good profit or not now online arbitrage is something else. We're looking into an Online arbitrage is basically you're going on websites and going on their clearance tabs or sale tabs and scanning items You can scan them online. You don't just have to scan the barcodes. You can scan the image Hopefully it will show you the right product and it will tell you if there is room for Profits so what we like to do and what we're focusing on is smaller items the smaller the item the more we can buy and send in in a box and Lighter items so the smaller and lighter it is That's what we're focusing on because the lighter it is the less Shipping cost it will be and the smaller it is less of a shipping cost there will be we're going to be shipping all of our items together All in the same box instead of having a few things and shipping them We're going to be trying to ship everything at once all together And that's going to make things a little bit easier like it said for us our business model right now is going to be We're splitting the cost three ways that's shipping That's the cost of the products and then whenever they sell we're going to be splitting the profit three ways as well So that is just a little bit easier for us That's a little bit more of a weight off our shoulders by splitting it three ways and Splitting the profit and splitting the cost three ways It's less risk for us each Individually then if we were to go in and do it on our own and have to pay the full amount for the costs We would have the full amount for the profit But it's less of a risk for us if products that we purchase don't sell It's less of a blow for me individually splitting it three ways with my two friends then to do it on my own So that's why we're doing it this way We've been finding a couple products and we haven't shipped anything yet So the first item that we bought is this dash cam this dash cam was on clearance for $50 and it should give us a profit of $100 every item that you sell Amazon FBA. It's going to charge you a fee So whenever this sells Amazon is going to be taking a small fee for fulfilling this and More expensive products. It could be more money So this is about $10 that Amazon is making off of us, but we're making about $100 profit for this unit It's not that's big anyways. It's not going to take much to ship So we're going to toss that in the box as well The next thing that we purchase This is the next thing that I sourced out is this Bluetooth speaker now These were on clearance for $20 and it should give us about $20 profit each So I bought three so that's what it's $60 profit for these So that's not too bad for having a couple products that we purchased right off the bat We're going to be shipping these all together. I bought these two things These three bluetooth speakers and this dash cam about a month ago And the next product that we sourced out in retail arbitrage Is this mastercraft knife now this here is it was on sale for black friday for four dollars And we're going to have each units. We're going to have about $8 and 70 cents profits With these here we bought 20 of them So each person should be getting around $60 profit on these knives alone Not including the dash cam or the bluetooth speakers So these items that we got It took us a long time this just these items here the 20 knives the three bluetooth speakers and the one dash cam Just to find that stuff was about a month of searching going to retail stores Scanning hundreds of items and finding what we decided to go for So there is a couple other things that we're going to be looking at in the future But this is going to be our first shipment 20 knives three bluetooth speakers one dash cam The next step for us is to ship all this stuff to amazon post it on amazon and wait to see What sells so this is going to be the first video that i'm sharing with you guys talking about amazon fba talking about retail arbitrage online arbitrage There's a couple things we're looking on online right now liquidation centers and other reduced Items that are basically reduced price that are going to give us a little bit more of a profits And we're going to have to see what we want to Narrow down on and purchase because we want to try to get as much profit as we can Especially as we're just now getting into the holiday season In my opinion, we're kind of starting late, but at least right now since it's holiday season These knives here alone were on black friday We're going to be able to find more deals like this in stores and then flip it and sell it on amazon for profit so One good thing about amazon fba or amazon selling on amazon to begin with Is people don't necessarily look to see what things are At different locations near them and what's on sale on stores Some people just go on amazon purchase items because it gets shipped right to them and they want that ease So but another thing we're going to be getting into one of our niches that we want to try to dive into That might be easier cells are going to be toys kids toys So i'm going to be sharing that with you guys in the future Of what else we're going to be doing with amazon fba How we're doing once we ship this stuff off to amazon I'm going to be sharing with you guys what sells what doesn't sell i'm going to be sharing with you guys How to ship uh your items to amazon how to post it on amazon and anything else along the way So we are just starting out too. I know a lot of people are starting out and most people that are going to be watching this video Are people that are starting out amazon fba have a lot of questions and want to know What to do where to outsource? products what Products to look into and we're going to be trying at least me I'm going to be trying to help you guys along the way with the help of my channel and share This journey with you so you're not alone. We're just starting out too So we can bounce ideas off and try to help each other with amazon fba Amazon fba is something that in my opinion anybody can do Uh, you just have to have the hustle you have to have the grind you have to want to do it You have to put in the efforts to make profits You can't just do the minimal work And expect amazon to give you profit you have to outsource you have to find your products that you want to sell on amazon and products that are going to give you the most profits and Work hard find those products post them ship them sell them So it is a hustle. It is something I've had the mindset a business mindset for a while now You guys know that because I've talked about it with my online store with my t-shirt store With other things like that before I sell on ebay right now So this is going to be another outlook for me So I hope you guys are interested in seeing what happens in the future I'm going to update you guys in the future And if you guys have any questions on amazon fba comment them down below And I'll try to see what I can do to help answer any questions you guys have Or if there's anything that I find out along the way if you have questions for and if I have the answer for it I will share that in a future video So I'm going to leave this video here I just wanted to explain that we're getting into amazon share a couple of the products that we're purchasing What our profit margin is for these products so you guys know kind of what to look for What to do with amazon with the app anything you scan it will tell you the profit profit It'll tell you what it sells on amazon. It'll tell you what amazon's fees are It won't tell you the shipping but if you ship everything together That's going to be a lower cost for your shipping anyways, and that's what I suggest to do Hope you guys did enjoy this first look into amazon fba I'm going to be continuing this series in the future and try to help you guys out as much as I can With amazon fba while we are doing this journey ourselves. So hope you guys enjoy. Please take care. Peace