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Tuesday, May 5, 2020

How Much Money Can You REALLY Make Selling On Amazon? 🤔 #Best Education Page #Online Earning

How Much Money Can You REALLY Make Selling On Amazon? 🤔

hey everyone this is Stefan James from
project life mastery and I'm here right
now with my beautiful fiancee Tatyana
today we're gonna answer your burning
question which is how much money can you
really make by selling on Amazon so it's
a great question because if you're some
that's watching this right now and
you're considering to build your own
business by selling on Amazon then it's
great to know what's the potential
what's the opportunity that this can
present to you in your life if you do
decide to get started selling on Amazon
so we're gonna dive into this question
and answer it in depth for you in this
video
yeah and it's an exciting question
because the answer is exciting and my
opinion is that right now the sky is the
limit you know like whatever it is that
you set your goal - as long as you're
committed to working hard - being smart
being strategic you can achieve that and
I'll just share with you a quick little
story about myself when I first started
learning about this Amazon opportunity
and I say okay I'm gonna start selling
products on Amazon private labeling
products and selling them on Amazon it
was kind of like a side thing for me
because I didn't really have much
expectations I was just hoping to you
know make a few hundred dollars per
month just to have some extra freedom
and and then once I launched my product
I started to see those sales come in and
it was not too difficult I mean yes
there were strategies yes there was work
that I had to put in but in comparison
to all the other jobs I've had in my
life had been working since I was 12
years old
that was a piece of cake in comparison
and the amount of time it was so quick
you know I got those sales relatively
quickly so then I started making those
few hundred dollars and they said wow
what if I could replace my income what
if I could replace you know make as much
money as I on Amazon as I'm making right
now at my job which I was working as a
server and I was also working at a bank
so I just wanted to make a couple
thousand dollars a month and then within
a month of setting that goal I achieved
that and so then I started to think wow
maybe my limitation is
my mindset maybe I just need to shoot
higher and so man I wanted to make
$10,000 a month and I think actually you
remember the story when I said we were
at a Nordstrom and there was a pair of
sunglasses to your mother there's a pair
of sunglasses that I wanted and they
were $500 and I had never purchased
anything for that amount you know single
luxury item like that and I said to
myself well if I make $10,000 when I'm
when I make $10,000 a month in revenue
on amps and I'm gonna buy those
sunglasses and I made that I thinking
like maybe a month or two months after
that and so I just kept on increasing my
goals and the sky is the limit it truly
is as long as you're willing to work
hard and put in the effort and you know
think outside the box because a big
portion of this is marketing then you
have the freedom to earn as much as you
want so it's just an amazing opportunity
yeah and just to give you an example
last month she did $140,000 in sales and
that's just not on Amazon it's also on
Shopify with their own website girl an
online store so a few things I want to
kind of point out and share with you
guys is you know Amazon is massive
in fact to Amazon I think by now is a
trillion dollar company Apple was the
first trillion dollar company through
history and I think Amazon's at
trillion-dollar you know value now it's
not very close to that so Amazon is huge
they have hundreds and hundreds of
millions of customers that use Amazon
every single day they buy products the
u.s. is the biggest Marketplace on
Amazon but then after that they're
growing internationally of course in
Europe in India and Australia and Canada
so as long as Amazon continues to grow
which they're not slowing down every
single year they're growing by Delta by
double digits and sales that gives more
potential opportunity for everybody that
decides to sell on Amazon because a
rising tide raises all hips so all the
sellers benefit as Amazon continues to
grow now also and we're gonna do a
little training for you guys to show you
on our computer just more potential and
actually show you some what some of
these products are making on Amazon
an important thing to understand though
is also it is based on the category or
the type of product or selling so
obviously some products have higher
potential than other products right and
some categories some types of products
you know we're going to show you some
sellers that are doing five hundred
thousand dollars a month by selling that
one one product right other products
maybe don't have as much of that
potential so it does depend on the niche
and the product that you're getting into
but also not just limiting herself to
Amazon okay a lot of people they just
look at selling on Amazon and that's a
big mistake
you want to start on Amazon okay so the
best place to start you want to make
money on Amazon maybe first in the
United States or in the UK and then you
expand to the other platforms on Amazon
which provides more potential for you to
make more money from your product but
beyond that you also want to build your
brand you want to build your own you
know your own online store where you can
then also sell your product on Shopify
for example and now you can drive
traffic from Google or YouTube and
Facebook and all these other places on
the internet so really the sky's the
limit in the sense of not just thinking
Amazon but the entire internet there's
billions of people that use the internet
every single day that you can tap into
these markets that are massive and and
make as much money as you want from it
so when I when I first started I started
my brand on Amazon I didn't have a
branding nobody knew me so Amazon was
the best platform to start on because I
had access to their millions of
customers with one click buy now
memberships you know so I was able to
build a brand on Amazon if it weren't
for Amazon I don't think my brand would
be as popular as it is today so it was
thanks to Amazon Amazon was necessary
however Amazon does come at a cost you
do if you're using FBA fulfilled by
Amazon you do have to pay them and they
charge you you know it's not cheap to
sell on Amazon it's necessary to get
started but you don't have to stay there
so what I did is as soon as I started to
get brand recognition consistent sales I
said to people listen I'm opening up a
Shopify store you can come follow me
there I'm
have a wider variety of products for
sale there and within that first year
starting that Shopify store I did a
million dollars in sales and that
million dollars in sales I profited way
more than I would have if I was just on
Amazon so I continue to be on Amazon
today but the majority of my sales are
made on Shopify because I want them to
be made on Shopify I have higher profit
margins I get to keep customers emails I
get to customize things brand messaging
all of these things but again I had to
have started on Amazon yeah that's a
great point so how about now we take out
the computer and we'll actually do a
screen capture for you guys so you can
be over our shoulders and we'll actually
show you how much money some of these
products are making on Amazon and these
are real figures this these are real
accurate digits so whoever selling these
products this is how much they're making
in revenue yeah ok so right now we're on
Amazon coms website this is primarily
United States and really what we're
gonna do is I pulled up a few categories
here on Amazon and I'm gonna use a cool
tool called Jungle Scout that's gonna
show us how much some of these products
are making on Amazon so the purpose of
this we just want to show you right now
the potential how much these products
are making how much these sellers are
making these are real people and real
companies that are selling on Amazon and
making this amount of money so we pulled
up a few different categories the best
sellers in kitchen and dining I pulled
up the best sellers in sports and
outdoors
this one is Pet Supplies I don't think
this is the bestseller list it is okay
and I could pull up tons of categories
and pages on Amazon and we both use this
tool called Jungle Scout
it's our favorite tool for product
research on the Amazon must-have tool
for anyone that wants to sell in Amazon
because it's gonna give you so much data
and help you with your research to know
which products to pick which ones to
avoid the competition all of that but
right now I just want to kind of show
you the potential and how much some of
these products are making so jungle
Scout is an extension for your browser
or they have they have a web-based
software as well but I just click here
in the browser and what it's going to do
is actually going to pull up all the
data some that most important data
rather of all these products that are
right here on this page on
Masson so the main thing I want to look
at here is the revenue so this is
revenue over a 30-day period okay
this is more of an estimate it's not a
hundred percent accurate but it's fairly
close you know they obviously take the
price and the number you know the
ranking that it has on Amazon and you
know determines the number of sales all
of them so this product here is making a
hundred and fourteen thousand dollars in
the last 30 days on Amazon here's one
that's dead seven hundred ninety three
thousand dollars in the last 30 days
it's amazing right it's just
mind-blowing
it is a thermos stainless steel food jar
it's a premium thermos right most
thermoses I'm gonna be $69 $70 yeah and
that's a actually fairly easy product to
private label now obviously these people
you know they worked at it for maybe
years they you know went maybe went to
trainings they they got to this point
over a period of time right some of
these are bigger brands and other brands
as well but it's interesting so the one
below it this the same I think company
this one they're selling at thirteen
ninety nine versus the premium one at
$69.99 so they're selling both so for
the people who don't want to pay that
much money they have an alternative
option but you can see how much more
significant at the $69.99 one is yeah
we're not saying that you're ever gonna
do that amount maybe you will who knows
that you know like I said these
companies might have built themselves up
for a long period of time but even if
you do a fraction of that that's still
pretty incredible this one five hundred
twenty two thousand five hundred twenty
three thousand hundred and forty eight
thousand and one thing you can do also
is you can click on revenue so that it
sorts it by revenue so right now the
lowest I'm the smallest amount of
revenue is earned by this listing over
here thirty five thousand dollars a
month
mm-hmm that's good to know yeah yes yeah
so just gonna you know can help you find
products but also see the potential of
some of these products let's head on
over to another one so this is sports
and outdoors and I'm gonna just press
jump the button the jungle Scout and let
jungles go do the work okay so here we
have you know products 145,000
thirty days eighty five thousand four
hundred ninety two thousand so look at
this one the eight thousand you know
because maybe that's something a bit
more realistic within your reality right
now the seen those five hundred thousand
dollars a month it might seem like two
out of your reality out of your grasp
but eight thousand dollars a month
that's yeah and then what you'd want to
do is let you know these are a number of
products kind of each separate types of
products under this category so you'd
actually want to take you know narrow in
on a certain product and type that in in
Amazon the key word for it and then use
jungle Scout to pull up all the other
products in that you know that one
specific niche for that keyword so that
way you can kind of get an idea based on
whatever product that you might want to
sell how much money at that product
could be making you but what are some of
these products this is like a lantern
this is a like LED lights a water bottle
flasks flashlights and you can see these
are all very simple everyday products
you know there nobody's inventing
something new it's not about that it's
about private labeling products that
people are gonna use you know people
that's what commerce is it's exchange of
value right so if someone sees value in
a mug then they're gonna buy it from you
and that's how you make your revenue so
the more value that you add the more
value you create the more revenue you'll
earn and that's where that creativity
comes in if you can get really creative
with your Amazon products your business
that's how you'll really scale fast yeah
and I love finding these ones that are
here that I only have three reviews you
know it's still doing almost $5,000 a
month so it's just pretty cool to you
know see that as well you don't
necessarily have to have the top product
the most reviews to still make a good
amount of money and let's just dive over
to pet supplies and the great thing
about Amazon is you know I always
recommend it people try to find like a
product or a niche that you at least at
least have an interest or passion for
because then you're gonna enjoy the
process of building your business and so
there's so many categories and
departments and types of products you
can sell on Amazon I mean if you love
pets and dogs or cats or birds or horses
there's you know categories that you
could research the potential of and see
how much those products are doing
yeah and you might think oh well I love
horses but that's so nice like how am I
gonna find a product on Amazon for that
but in fact some of the best products
are the products that are a niche so if
you are narrowing it down to not just
pet supplies but pet like horse supplies
there's going to be less competition and
if you find a good product that has
demand that's the secret spot that's
where you want you want the high demand
low competition yeah yeah so just tons
of simple products that I'm seeing right
here this dog collar ok this dog colors
did 1.2 almost 1.3 million in the last
30 days this one here is 1.5 is that
right 1.5 million
that's insane so this one is like
basically a tray cat litter yeah yeah so
this is a litter tray refills just a
refill packet which is great when you
have a product this is like subscribe
and save so people they buy it on an
ongoing basis so you get repeat
customers which is always great and this
one is a dog collar yeah so this one was
also doing like over a million dollars a
month this is so pretty and look what
you can learn on this listing they have
a thousand plus answered questions you
know what so one thing that people don't
realize is on Amazon anyone can ask you
a question not just people who buy your
products but potential customers and you
as the seller have the opportunity to
answer those questions a lot of sellers
they don't answer the questions and
you're missing out so this listing they
answered over a thousand questions and
that differentiates them from other
listings who don't do that yep yeah so
hopefully this video has been helpful
for you guys I mean we could dive into
more categories more products I mean
it's just so fun sometimes we do spend
hours just kind of searching around on
Amazon and you know we each kind of have
our own products and businesses and
we're pretty busy with that but we come
across products and you know sometimes
it could be like exciting because we're
going off that's a great product and I
can make so much I could do so well with
that but we're just so busy with what
we're trying to do so I'd recommend to
get jungle Scout if you're looking to
build your Amazon business you know I'll
link to it below or go to Debbie
project life master comm slash jungle
Scout and just spend a bit of time on
Amazon look at some categories that
might interest you that might be a
passion that you might have and look to
see the potential of it how much these
products are making is always great when
you find multiple products that are
doing well not just one or two but
there's many that are doing well because
then it also shows how much room an
opportunity there is for you that if you
also decide to sell that product or
getting that same niche or category then
you can also have you know a piece of
that as well so we want to thank you
guys so much just for taking the time to
watch this video hopefully we answered
your question and you see this
opportunity to protect the potential
that's available for someone that wants
to sell in Amazon I also want to
recommend you guys to follow Tatiana on
YouTube she has her YouTube channel
called Tatiana James we'll link to that
below for you guys as well otherwise if
you enjoyed this give it a thumbs up
comment below and share anything you'd
like we'll answer some of your questions
for you and we'll see you again in the
next video okay take care
#Best Education Page #Online Earning

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