How To Make Money With Amazon Fba In 2024 (For Beginners)

in this video revealing how to make money with amazon fba what it is and how complete beginners earning 100 to 700 a day with no experience more at that after the intro [Music] hey guys how's it going mike fasil here welcome this video before we actually remind you that several spots have opened up for this week's free workshop where it's the fastest and easiest way to make money online we literally have a 62 year old woman go from zero to 160 grand profit in 90 days to sign up for now so one of the reasons why i got started in amazon fba was because i just wanted more freedom in my life right and i wanted to have the ability to go ahead and make money online without showing my face on camera and literally just selling physical products that i never had to see touch or even like do all the back end stuff right which is why amazon fba is a really good model because if you think about it amazon fba literally has millions of people going to the website every single month and they have millions of buyers meaning if someone just goes ahead and makes like a simple search like for example grill mat and then they see all these recommendations that pop up you know when you rank for a specific keyword like grill mat and someone goes ahead and clicks on this and buys amazon does the shipping they're handling the customer service literally creating passive income for you where you literally get paid every two weeks but what not a lot of people understand when it comes to for example making money with amazon is there's actually levels to these things right and what no one really understands is they do the hardest thing that takes the most time effort and skill to actually make money with amazon which is essentially buying a bunch of products from china and then shipping over the amazon now that method does work i've met people that i've interviewed here in bali uh where you know we're surrounded by a lot of epic entrepreneurs like for example this 11 year old girl that turned on 30 million dollars or this guy that makes a million dollars a month profit that i interview on my podcast but many of those people that make money with amazon fba do so because they sell the business right because if you think about it like that traditional way of making money with amazon face you would have to go ahead and buy inventory sell it then you take the profit and then you buy more inventory right so the downside with traditional amazon fba business models are the big money comes from selling it but you shouldn't be discouraged because there's actually levels to things where you could actually get started with amazon fba for free right in the way that i'm gonna share with you and level up gain some profit gain some cash flow and then going over for like the bigger uh businesses right but until then you can literally do low risk but high reward businesses as you move up there does that make sense but for you to understand that and you understand making money on amazon you gotta understand why it's so lucrative right because if you think about it what is amazon fba amazon fba is not essentially the money is in the product no it's finding a low competition keyword right what are people searching for that there's not a lot of products already existing in right number two ranking for that keyword and number three getting amazon to do the shipping handling and the customer service you can actually create ultimate freedom for yourself does that make sense none of those things are actually required in terms of buying and investing money in your own product now that was the biggest uh mistake for me right because when i first got started in amazon i was like oh i have to be the one that spends my own money right so if i invest my own money and it fails guess who lost the money me right but what if i don't have that much money to begin with do you see why traditional ways of doing amazon fba is really risky especially if you don't have any skills but if i really think about okay what are some low competition keywords uh how can i rank for them and how can i get amazon to do all the hard work plus without me investing a dollar in inventory so it's even low risk so there's many ways to actually get started remember number one you gotta understand that amazon is a search engine right and if you could rank for their search engine and have them do all their hard work they could do all the shipping handling and customer service so what's one way that people are making money with amazon fba well one thing that me and my dad did before we did the risk your way that kind of like got our ropes with amazon and started building our comfort is we realized that we didn't actually have to create our own product like literally if i type in the word red lobster you already like went to red lobster and like you had like those really good red lobster like biscuits in the beginning right these were really popular we would eat here all the time right but what some people were doing is you know on the weekends they would go to costco and they would download this amazon seller app right and this app is very interesting because it's free and it lets you scan things from stores which could see how much you could profit if you were to buy it on that spot right there and just ship it over amazon now you don't need to buy thousands of units of those products you can literally buy one ship them over to amazon and see if you could actually make a sale because a lot of these products if i literally go ahead and click on one of these things a lot of these people literally go ahead and just sell on these existing mixes does that make sense so you could see that you know this one is for sale right here but if we go ahead and click on this here's another one right here you can see that people sell on amazon but if these people run out you know other people can actually sell like similar items right um because they go ahead and take the buy box but you can see that there's multiple one of these things you don't actually have to go ahead and create your own like for example buy box right like you could see this is temporarily out of stock but what some people do if they actually have this one to sell they could actually sell on amazon have one to sell sell on amazon and you can even just buy one thing from like for example costco ship it over to amazon rank for this keyword because it's already existing and then make money with it there's literally people in our community that did half a million dollars in sales last year doing this method starting off small just literally like for example like what me and my dad would do every single sunday we would go to walmart in costco and we would just scan things and especially after holidays when things are a lot cheaper you can literally buy it on the spot ship just that one or two or three units send them over to amazon and literally amazon does all the fulfillment for you does that make sense so th