Dtube Vlog #42
LivinThatLife On Dtube: https://d.tube/c/livinthatlife
Update: 🚀 ANNOUNCING MY COURSE: 📈📚💸
AND YES, if you are looking for a full step-by-step online course on our whole process from Research to Launch, my Amazon course is now live. You can find it at https://TheAmazonMethod.com 🚀
#amazonselling #amazonfba #privatelabel
Trying to decide if FBA is right for you? 💥MINI CRASH COURSE! ▶️ http://livinthatlife.com/minicourse/ 👈🌴 5 quick explainer videos to help you to decide if FBA is right for you. 🌴
A breakdown of what's entailed, what working in this business really looks like, and realistic TIME and MONEY investment expectations going in... and 2018 updated! 🙏
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Amazon FBA 101! Exactly how we make $4,000/mo (Profit!) Online with the Private-Label Importing Method.. Relatively Passively! Or as I call it, The Amazon Method! 😝
From Batu Ferrenghi beach in Penang, Malaysia :)
Check out the blog post here: http://livinthatlife.com/amazon101
Short summary:
In 2014 we quit our jobs and moved out to Chiang Mai, Thailand (digital nomad capital) to attend the first Dropship Lifestyle Retreat / Conference. There were speakers giving talks about all kinds of commerce strategies, from drop shipping, to content marketing, to email marketing, to facebook ads, to Private-Labeling (the "Amazon Method"). With the goal of making Passive Income Online! To free our time and live life to the fullest.
Why Asia? Read the full story here: https://livinthatlife.com/2015/04/23/...
After a few months, Amazon was working really well for one of our friends, but drop shipping wasn't profitable for us or most people who were at the conference. So we took our existing savings and got started with a test order of our own product - 300 units for $2000. After a few weeks in stock, it hit 10 sales a day. Boom.
For weeks we pitched our idea to friends and eventually got an inventory loan for $16,000 for 1000 units. We're on our 6th order of 1000 units now from Alibaba, and just made a new order of 3000 units for the holidays. In the first 12 months, our product did $209,000 in sales volume (about 50k profit), and averaged 16 sales per day, at $39.99 on Amazon.com.
Two months ago our third product launched in the biggest store in the world (..Amazon!!😜) (the second was a dud), and last week it crossed 10 sales in a day. And today hit 13. Boom.
We work a few hours a day, on average 4 days a week on this business. But it's a full time grind starting out with research. Once it's up and running, it's relatively passive income compared to most jobs.
Welllp, there ya have it folks. Keep your questions coming in the comments!
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