This Amazon success story will leave you speechless.

Aymeric Monello made $700k in sales in his FIRST year selling on Amazon.

Previous to selling on Amazon, he had zero business experience. His entire life changed after going through The Wholesale Formula, which was his playbook for success.

Its founders, Dylan Frost and Dan Meador taught him how to build a profitable Amazon business using the reverse source wholesaling model.

There has never been a better time to take advantage of this business model. If you have the desire to grow an Amazon wholesaling business, listen to Aymeric!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/85e61140-55be-4eaa-8a90-da4a1f2cf2f2/stream.mp3″ background=”default” ]

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

This is Aymeric Monello's Amazon success story.

Amazon is one of the BEST opportunities for anyone to make money online. Almost 90% of consumers are more likely to purchase a product from Amazon than any other website. Aymeric Monello wanted to get his piece of the Amazon FBA pie and decided to take action with the Amazon wholesale model.

In our interview, Aymeric talks about how he got started with reverse source wholesaling. More importantly, he shares how he used this model to make $700k in sales in his FIRST year on Amazon. Let's dive in!

How did you discover reverse source wholesaling and what inspired you to start selling on Amazon?

Back in 2016, my girlfriend at the time came across a video about selling on Amazon using The Wholesale Formula. I've never done anything business-related. When I first learned about Amazon I was a web designer.

After doing some research, Dan and Dylan's model really resonated with me so I decided to take their course.

What does the reverse source wholesaling model involve? 

It's a pretty simple concept.

It involves looking at what is already selling well on Amazon and sourcing those products. Reverse source wholesaling is a reselling model whereas traditional wholesaling is a manufacturing model. There is no brand creation involved with reverse source wholesaling

When you first started, how much money did you invest? Did you sell one product or multiple products? 

In the beginning, I didn't have a lot of money so I started with a zero percent credit card. I'm not saying that everyone should do that. People need to assess their level of risk.

However, it worked well for me.

I sold everything from supplements and appliances to coffee. The range of products was very eclectic. There was nothing in the same category.

Do you mind sharing the successes that you've had with this model? 

During my first year, I made $700k in sales. In terms of volume, it was REALLY good. Selling supplements was a huge success for me. When you set up a relationship with a supplier, some of them can last a long time while some of them are just mid-term.

It depends on what's happening in the market. I've had connections with suppliers for years. As soon as you have solid connections in place, you can create a consistent stream of income.

My biggest order was around $20,000-$30,000 from one supplier. Of course, it depends on your capital and the velocity of your product. You can build it up over time. That's what I love about this business model.

Were you able to get exclusive partnerships with suppliers, or were you competing with other wholesalers on the same listing? 

I did both. Because I'm originally from France and English is my second language, I experienced some hurdles. In the beginning, it was a new venture for me. I wasn't familiar with all of the business terms.

Sales have never been my strong suit.

I still did it and was successful with it. My strength is diving into one supplier and one listing and making it better over time.

If you're competing for the buy box, how does Amazon determine how much you get paid versus other sellers on that same listing? 

There is a formula that they use to look at the listing and determine how many sellers there are. Also, they have tools that allow you to determine what your share of the buy box is or what the potential share of the buy box will be.

How much time did it take you to set up this business? How much time do you spend on your business now? 

I had a full-time job when I started my Amazon business. The only time that I could work was in the evening. Eventually, I started working on my business while I was working at my 9-5 job.

I took the Wholesale Formula course in Feb of 2016 and I quit my 9-5 job in August of that year.

At the same time, I bought a house. I did everything at once!

Once you are working full-time on your Amazon business, you can dedicate as much or as little time as you want. That decision is always dictated by money. If you don't have a lot of money, you'll want to spend more time researching products so that you have a higher margin.

Conversely, when you have more money, you want to spend it as fast as possible.

The goal is to make your money back and make a profit from it. Back in April of 2019, I had an exclusive brand relationship with a supplier. I ended up selling that relationship for over $400k. What's cool about it is that I retained a relationship with the buyer for business consulting in exchange for a percentage of the profit.

Today, I make $60-80k per year in profit from that consulting deal. My time commitment on that gig is probably 3-5 hours per week. Why? Because at the start of 2018 I started outsourcing and took advantage of virtual assistants.

By doing that, I was able to free up 80% of my time over 3 months. I got my life back. If you have a team of VAs to support you, you can work as little as 5-10 hours per week and still be successful with this business model.

What are some of the biggest challenges that you've faced in this business? 

For me, it has been the language barrier and doing sales. However, following the steps outlined in the Wholesale Formula allowed me to land plenty of accounts.

With regards to the business model, I had to learn what competition was.

More importantly, I had to learn how to handle competition when it arose. Also, I had to learn how to spread my risk and not dive too deep into one product. Keep in mind that I had zero business experience when I started so everything was new for me.

What was your experience going through the Wholesale Formula course? 

The Wholesale Formula changed my life. Dylan Frost and Dan Meador‘s step-by-step course explains how to utilize the reverse source wholesaling model to sell on Amazon and build a profitable business.

You can use it as a side hustle if you want, but it's designed to help you build a successful Amazon business.

What advice would you give to someone who has the desire to start an Amazon business?

As I said, I had no experience in business before I started with the Wholesale Formula. I had no idea how to sell on Amazon. What helped me is having mentors and a foundation to follow.

By learning from successful Amazon sellers, I was able to avoid the mistakes. I would have never come up with this business idea had I not found the Wholesale Formula. I would have wasted so much time and money figuring it out on my own.

This is how Aymeric Monello made $700k in sales in his first year on Amazon.

Whether you're a new seller or a seasoned seller who wants to scale your Amazon business, this model is a great way to make multiple streams of income by selling one product at a time.

Aymeric's story is proof that the Wholesale Formula system works. How would your life change if you made $700k in one year?

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

Ian Bower made $90,000 in ONE MONTH using Amazon wholesaling.

He started selling on Amazon FBA as a side hustle while working 60+ hours as an executive chef.

Ian grew that side business to $45,000 per month and eventually, he quit his 9-5 job to scale his Amazon business even further.

If you want to discover how you can leverage big brands through the power of wholesale and create your own lifestyle business, listen to Ian!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/32614676-cf32-4353-ba77-b3a342c95847/stream.mp3″ background=”default” ]

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

What is Amazon wholesaling? 

If you follow me, you know that I talk a lot about selling private-label products on Amazon. With private labeling, you work with a third-party manufacturer to create your own custom branded products.

Amazon wholesaling is a different model altogether. Whereas traditional wholesaling involves using wholesalers to find products that sell well on Amazon, with Amazon wholesaling you look on Amazon itself to find products.

In our interview, Ian talks about how Amazon wholesaling works. More importantly, he shares how he used this model to create a $90,000 MONTH selling on Amazon. Let's dive in!

How did you get started selling on Amazon, and how did you discover reverse source wholesaling? 

I've been a chef my entire life. I got a full scholarship to culinary school. My entire life I have identified as a chef. It was a huge part of my identity. I always knew that I wanted to own a business. However, I always imagined that I would own a restaurant.

Thank god that didn't happen!

I stumbled into Amazon FBA when I was looking for ways to accrue reward points.

I've always wanted to travel and see the world.

I learned about retail arbitrage and I thought it was a cool opportunity. However, I'm not someone who likes to shop so I suggested that my wife take it on. That's how we got started.

That being said, the moment that she had to create a spreadsheet or do things like bookkeeping, she was done. We started looking for alternative ways to supply inventory. That's when we came across reverse sourcing wholesale.

How does the reverse source wholesaling process work? 

The idea behind reverse source wholesaling is that you go on Amazon to find products that are already selling well.

You identify those products based on a set of criteria. From there, you reach out to the brand owners and ask them if you can buy their product wholesale and sell it on Amazon. Once the brand owners approve you, you can start making money on Amazon.

How would this process work if the products that you want to sell are already selling on Amazon? 

The product needs to be selling on Amazon and should be selling well. If a product is not already selling it won't meet your criteria.

However, if other sellers are selling at the same time as you, you'll need to calculate what your buy box share will be. The buy box will rotate amongst the sellers who are prime eligible. So if there are four sellers you'll get 25% of the total sales, for example.

When you're first getting started, what does the process involve? 

Getting started is pretty simple. You want to scrape Amazon, do a bunch of research, and go through the different products on Amazon.

You're looking for a set of criteria. You'll want to insert all of the products that match the criteria you're looking for into a spreadsheet or CRM software.

When a brand owner agrees to sell you their product, a negotiation process will ensue.

They will send you their price list and have you fill out a new account application.  Typically, brand owners have a minimum order that they want you to place. It could be as little as $250-$500. However, some will be $3,000-$4,000.

If those numbers are too high for you, simply find a new brand owner. In the beginning, I recommend that you order as little as you possibly can. When you're doing this process, the initial step is an estimate. You're using software that guesses what the sales velocity will be.

You don't want to get stuck with inventory that you can't sell. In the beginning, we placed test orders and sent them in, which gave us sales data that helped us confirm if our estimates were correct. Once that is good, you'll want to order one month of inventory at a time.

It took me about one 1-2 months to land my first wholesale account. They are still my wholesale account to this day. That's one of the benefits of the reverse source wholesaling method. Once you find a wholesale account, as long as you're providing value to them, you can keep that account.

Did your success all happen at once or did it take some time? 

Reverse source wholesaling is an inventory-based business model which means that some of your primary restrictions are always going to be your available capital. If you're starting with $1,000 on a credit card, you're going to be able to grow it into something big.

The best month I ever had on Amazon was $95,000.

It took me about 3 years to get to that place. Most months my business settles in at $50-$55,000 in revenue. Once you grow to that point, you can reinvest or start taking a paycheck.

How much time does your business require from you?

It depends on the trajectory and the goals that you have for your business. Initially, I was spending less than 5 hours per week because I was a full-time chef. I was pulling 70-hour workweeks. When I wasn't working, I was spending time with my wife and children. I just didn't want to spend that much time on this business.

The moment that I was able to hire virtual assistants to work for me, the game changed. This proved to be rocket fuel for the growth of my business. They started working 40 hours per week on my business. I quit my full-time job in 2017, which allowed me to invest even more time as well.

Today, I spend 5-10 hours per week working on my business. I'm not actively growing my business right now. Rather, I am going deeper with the accounts that I already have and providing better services so that I can hold onto them, long-term.

As Amazon continues to grow, do you think that the Amazon wholesaling model will be of value to sellers?

It is getting more competitive, but that has always been the case. The rate of competitiveness is not meeting the rate of Amazon's expansion. Most Amazon sellers don't stick around for very long, so that competition falls off.

Persistence pays off. Also, brands are always coming to the Amazon marketplace. They don't know what they are getting into sometimes.

Thus, there is a tremendous opportunity to provide value to them.

I manage five brands in total. You don't need to have a gigantic slice of the Amazon pie. It's your job to carve out a place for yourself. If you get a handful of great brand accounts, you could potentially replace your income.

What is considered a good profit margin with the Amazon wholesaling model?

I'll assume that your business is up and running and you've already got a few brand accounts. When you're at this place, you can expect to see 15-20%.

This profit margin will depend on how much PPC advertising you're running, the rate you negotiate with the brand owner and shipping costs. When you're first starting you have to absorb some fixed costs. The more revenue that you have, the smaller your software subscription percentages become and the bigger your margins are.

How did you come across the Wholesale Formula and what has been your experience with it? 

I first came across the Wholesale Formula inside of a retail arbitrage group that I was a part of. At the time, I was complaining about how I disliked retail arbitrage. Someone inside of the group introduced me to Dan Meadors and Dylan Frost, who are the founders of the Wholesale Formula.

They taught me everything that I know about reverse source wholesaling.

Everything from the criteria that you need to look for, how to identify great products and brands, and how to land great accounts. However, it goes a lot further than that. The model teaches you how to build relationships with brand owners so that you become more valuable to them.

Ultimately, the goal is to have an exclusive right to sell a brand's products on Amazon. Getting to this place in your business means that you've eliminated other Amazon sellers on a listing and you now have 100% of the buy box sales. The Wholesale Formula teaches you how to do that.

What advice would you give to someone who has a desire to make money on Amazon, but isn't sure how to get started? 

I came across a study that said small business owners who start a business while working full-time have an incredible advantage over those who start without a day job. There has never been a better time to start a side hustle.

Amazon FBA presents a huge variety of opportunities. Of those opportunities, I believe in the power of the Amazon wholesaling model. It's the least risky way to start, in the sense that it doesn't require a huge time or monetary commitment.

What was your driving motivation to create success with this business model?

I don't like working for other people. That was my strongest WHY.

I'm very possessive over my time. I want to use my time in my life the way that I want to use it. I always felt that I had a boss that felt entitled to my time. Ultimately, this is why I decided to quit my day job and pursue this business opportunity, full-time. It was the best decision I've ever made.

This is how Ian Bower made $90,000 in ONE MONTH with Amazon wholesaling.

I hope Ian's success story inspires you to take action with this business model. If you want to learn more about reverse source wholesaling, watch my interviews with Dan Meadors and Dylan Frost who are the founders of the Wholesale Formula.

Whether you want to build a side hustle or replace your income altogether, Amazon wholesaling is a great way to make money on Amazon.

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

This is how he built his eCommerce brand to $2M per month in 2 years.

Recently I interviewed my good friend Matt Clark. He is the co-founder of Amazing.com and the co-creator of the Amazing Selling Machine (ASM).

ASM is an 8-week training program that teaches you how to build an Amazon FBA private-labeled online business.

Back in 2014, my fiancée, Tatiana, and I joined ASM. Since going through the training, we have both gone on to build a 7-figure Amazon business.

If you want to learn how to create financial freedom from an Amazon FBA expert, listen to Matt Clark! This is an interview that you don't want to miss.

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/95e42e63-0385-4f1f-9c9d-9a06fa23afd2/stream.mp3″ background=”default” ]

Do you want to discover the secret to creating financial freedom in the new economy? CLICK HERE to register for Matt Clark and Mike McClary's FREE upcoming ASM Evolution webinar! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Selling on Amazon is a life-changing business opportunity.

Despite the COVID-19 pandemic, Amazon still managed to experience massive success in 2020. They made $108.5 billion in net sales in the first quarter of 2021. That’s a 44 percent increase from the $75.5 billion reported in the first quarter of last year.

Amazon is one of the fastest-growing industries and its growth is only beginning. There is no better time to leverage the power of Amazon. Matt Clark knows how to make money on Amazon. By the age of 26, he had already built three multi-million dollar companies.

In our interview, he talks about the steps that he took to build his eCommerce brand to $2M per month in 2 years. Also, he shares details about the new and improved ASM training program called ASM Evolution. Let's dive in!

How did you start your eCommerce business and what kind of results have you achieved from it?

I sell a healthy brand of coffee called LifeBoost. I've been doing eCommerce since 2009. Over the years, I've sold a lot of different types of products. Eventually, I started teaching people how to build 7-figure eCommerce businesses.

That's where Amazing.com originated from. That business grew really fast. A lot of lives were changed from the Amazing Selling Machine. As a result, I didn't have time to start my own eCommerce business.

Finally, when I got some more free time I decided to pursue it. I love drinking coffee, and I'm also really health conscious. I had the desire to develop an organic and healthy coffee option that I could sell. At the time, a good friend of mine had a coffee business.

I tried his product and I loved it.

However, he wasn't driving a lot of new sales to his business. That being said, the people who were buying his product kept buying from him every single month. I told him that I wanted to help him grow his business.

We agreed that if I was able to get the business to a certain point, I would own a certain percentage of the company. At the beginning of 2019, we started working together. At the beginning of 2019, we were making $ 17,000 per month in sales.

By the end of 2019, we were making $600,000 per month. As of last month, we made $2.1 million in sales on Shopify alone. 

For people who are looking to build an eCommerce business from scratch, would you suggest that they sell on Amazon, Shopify, or both?

I would pick one platform to start with. My business partner and I have been doing eCommerce selling for a combined total of 20+ years. We had to pick a battle. At the time, my partner was only selling on Shopify.

Once we started getting consistent results on Shopify (18 months), we transitioned over to Amazon.

If you're just starting, I recommend starting on Amazon. You get access to hundreds of millions of their customers. Amazon takes care of so much in your Amazon business. However, I still suggest that you start a brand. When you do that, you can successfully sell on Amazon, Shopify, and your website.

Why do you believe in the power of building a brand?

The kind of approach that a lot of people take when it comes to selling on Amazon is to make short-term money. From the beginning, I adopted the mindset that I wanted to build a business that produced consistent cash flow that could one day be sold.

It never made sense to build something that would only make me short-term money. Our approach has always been to teach people how to build a consistent long-term business. In the eCommerce world, the best way to do that is by building a brand that you own and control. We've proven that this path works.

On June 1st, one of our ASM members sold their brand for millions of dollars.

They did this by following our model and building a brand. I don't think they could have accomplished this goal had they not followed the path of building a long-term brand with high-quality products. An acquirer wants predictability. 

Which marketing channels have allowed you to scale to $2M per month?

The main ones that have allowed us to scale have been Facebook and Instagram ads. We spend $400,000-$500,000 per month on ads. It's our main source of new customers. With Amazon, you are targeting keywords. Conversely, on your website, you're doing interruption marketing.

Essentially, someone is scrolling through their feed on Instagram or Facebook. You are trying to grab their attention and convince them to click on your page and buy from you.

Before we marketed our product we had to figure out why people would buy from us. We all had theories. Once we determined which ideas were the best, we designed a landing page and matched that with our ad so that we could test our different ideas.

Once we figured out which idea was performing the best, we tested different headlines or angles within the theme that we chose. That allowed us to figure out how we would convince people to buy. Also, we had to determine what offer would get the most money out of the right kind of people. 

Recently, my good friend, Ezra Firestone, shared a really powerful point with me. He believes that no matter how good of a job that you do selling a product on the first go, 75% of your customers are never coming back.

Thus, you've got to make as much money as you can from them the first time that they buy from you.

We had to figure out what would allow us to get a high enough conversation rate and a high enough average order value that would make our product successful. We tested 20-30 different combinations. Once we figured out the main angle, the main headline, and the main offer combination, that's when we were off to the races. 

That's been the main way that we've gotten new customers. We back all of that up with great email marketing after people buy. We want to nurture those relationships and reinforce their buying decisions.

Lastly, we also provide a subscription, which is 40% of our sales. Our model is to get people in the door, once. The right kind of person will love our product and want to buy from us again and again.

We are constantly adding new products to increase revenue. Apart from Facebook and Instagram, recently we've added a lot of other channels, like Amazon, Google Adwords, YouTube, Snapchat, and Pinterest.

Can you share some details about what people can expect from the latest version of Amazing Selling Machine, ASM evolution?

As I expressed earlier, our goal has always been to help people build a long-term business. A lot has changed since the launch of ASM in 2012. The long-term approach has stayed the same, but how you get there has changed.

The reason why we created a sub-name for ASM called ASM Evolution is that we think that is necessary to evolve the Amazon business model. We reached out to our members who have experienced massive success on Amazon.

On those calls, we asked them if they had been adopting different strategies than the ones we taught.

We started to see commonalities. Based on what we learned, we decided to redesign the ASM training program. ASM Evolution is focused on building a tight-knit brand. It's not about selling a lot of cheap or expensive products.

Rather, it's about selling 2-4 tightly-knit products. This version of the program is focused on helping you build a brand from the onset. All of the training is 100% new. We include a lot of cool software.

Also, we've got amazing mentors who are there to help people inside the ASM community. Some of these people have sold millions of dollars on Amazon. They are answering peoples' questions 24/7.

What can people expect to learn if they attend your upcoming free webinar? Also, can you tell us about the crazy prize that you're giving away?

At the training, we are going to provide you with our best information. We will talk about how to find the best products to sell on Amazon, and how to market and rank those products successfully.

Also, we are going to show you how you can build the kind of business that massive companies who have raised billions of dollars in capital are looking to deploy.

We will answer any questions that you may have about ASM Evolution.

Furthermore, we are trying to work on getting a few special guest speakers to talk at the training so stay tuned for that info!

We have a $20,000 prize that we will randomly give to one person JUST for showing up on the webinar training. As part of that prize money, we will also give you everything that you possibly need to build your Amazon business successfully. 

What advice would you give to someone who is brand new to online business and wants to get started selling on Amazon?

First, dive in and learn as fast as possible. Don't be somebody who decides to do everything on their own. I recommend learning from other peoples' experiences, as well as your own. That is how you will achieve results faster.

When I first started my business I had a little bit of savings. Thus, I was able to take the full leap into my business, even though I had no idea what I was doing. However, if you don't have this luxury, that is OK.

There are a lot of Amazon success stories of people who didn't start with a lot of money.

It took them longer to achieve the success that they desired, but they did it. If that's your situation, do it! There is no way to get the results that you want without putting in the time and effort to learn and take action.

Secondly, don't stress too much about the outcome. Have a general idea of how much you want to make, but don't get attached to that number. Show up every day and do the work. Keep learning and working hard.

Finally, get around other people who are either more successful than you or as motivated as you. If you surround yourself with entrepreneurial minds who want to be successful, you'll become that person as well!

This is how Matt Clark built his eCommerce brand to $2M per month in revenue in 2 years.

If you have a desire to create massive wealth in the new economy AND be entered to win a $20,000 price package, don't miss this free webinar training! It's on Thursday, June 10th @ 11 am CST/12 pm EST.

This is your opportunity to learn from multi-millionaire Amazon sellers who want to help YOU build a business leveraging the #1 e-commerce company in the world.

Do you want to discover the secret to creating financial freedom in the new economy? CLICK HERE to register for Matt Clark and Mike McClary's FREE upcoming ASM Evolution webinar! 

If you've been thinking about becoming an Amazon FBA seller, read this first.

Inside this blog, Tatiana and I talk about what it ACTUALLY costs to start selling on Amazon in 2022.

Tatiana and I have both built successful Amazon businesses. On top of that, we've worked with thousands of people to help them build their own Amazon businesses.

We want to help you avoid unexpected Amazon costs and set you up for success from the onset.

Keep reading to get a detailed breakdown of the expenses involved in setting up an Amazon FBA business!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/d2daf2d9-e66a-4285-a873-03474c1e655a/stream.mp3″ background=”default” ]

Do you want to know what the criteria are for finding profitable products to sell on Amazon FBA? CLICK HERE to get instant access to my FREE 4-part Amazon FBA training series!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Let's talk about the cost of selling on Amazon FBA.

Oftentimes, cost is the one thing that holds a lot of people back from selling on Amazon. When you're first building an Amazon business, there are a lot of unknowns. Tatiana and I have been in the Amazon game for a long time now. Based on our experiences, we know what works and what doesn't.

We want to help accelerate your success as an entrepreneur so that you don't have to make the same mistakes that we made. Tatiana and I have a good grasp of how much money it will cost you, on average, to build an Amazon business. However, keep in mind that there are variables that come into play.

Thus, we can't give you an exact amount. How much it will cost will be based on the product that you choose, how much inventory that you order, and/or how much money you want to invest into marketing.

That being said, we can still give you a rough estimate of what we would recommend. Let's dive in!

Mandatory costs for Amazon FBA

1. Amazon Membership Fee

The first expense will be your membership fee. If you want to sell on Amazon, that comes at a cost. There are two options when signing up for an account – individual or professional. An individual account means that you're still going to be paying a per-item fee for every product that you sell on Amazon.

A professional account has a recurring monthly fee of $39.99. You have to pay this regardless if you are making sales on Amazon or not. We recommend that you opt for a professional account.

If you do the math, it doesn't make sense to pay the per-unit cost. It ends up costing you more than $39.99 per month. Also, when you sign up as a professional you receive a lot of benefits.

2. Purchase Samples

Once you've decided on the product that you want to sell, you need to contact your suppliers and purchase samples from them. Make sure that you get the samples. It's not enough to just view the product online, even if you see a video of the product.

You need to inspect the product to ensure that it is high-quality. If you're planning on selling a low-quality product on Amazon because it costs less you're not going to be around for long. There is a lot of competition on Amazon. Successful Amazon sellers have the best quality products.

We recommend getting samples from three different suppliers.

Once you've narrowed down your list to the top 3 suppliers, request one sample from each supplier. Sometimes suppliers will give you a sample for free. However, you will still have to pay for shipping. Conversely, some suppliers may charge you for a sample, and you will also have to pay for shipping.

If suppliers charge you, you can expect to pay roughly $150 for 3 samples. However, you can negotiate with the suppliers. In addition to this, we suggest that you buy your competitors' products on Amazon. Choose the best sellers for the product that you wish to sell.

This will allow you to inspect their products, which you can then compare to the samples you receive from suppliers. Ultimately, the goal is to compare your samples to what is already selling well on Amazon.

3. Purchase Inventory

When it comes to purchasing inventory, it's hard to give you an accurate estimate of how much that will cost. It all depends on the product that you choose to sell. If you source a product for $25 per unit, your inventory will cost you more than a product that sources for $2 per unit.

With our experience, on average, we have found that $5 per unit is what you can expect to pay. With every supplier, they will have something called an MOQ, which stands for Minimum Order Quantity. This is the minimum inventory order that you can make. It ranges from 100 to 500 to 1,000 units. This is something that you can negotiate with your suppliers.

As a beginner, you don't want to order a lot of inventory. You haven't yet proven your concept. It's risky to spend thousands of dollars on inventory when you have yet to make a sale on Amazon. Typically, you want to order a smaller quantity of units.

However, not so small to the point where you run out of stock on Amazon before you can even get a new inventory order. As an example, if your minimum order is 500 units, at $5 per unit, your inventory would cost $2,500. If you're going to start with less than that, it will be a lot harder to grow your Amazon business.

4. Design Your Product Artwork

Next, you want to think about artwork, in particular, your product packaging and your logo. You can go inexpensive or high-end. It all depends on what your budget is. There is a great website called Fiverr where you can find inexpensive, high-quality designers.

For example, you can get a designer to do your product packing for $25, and that will include revisions. For your logo, you can get 3 logo concepts for $15. Tatiana uses this website for all of her product packaging designs.

The key with Fiverr is that you have to have a clear idea going into it. If you can tell designers exactly what you want, it will help them create a higher quality result. On top of that, it will require fewer revisions.

5. Create Your Amazon Product Photos

Your Amazon photos for your listing are equivalent to the packaging of a retail product. This is why it's so important to have high-quality photos. In retail, people can use their hands and senses to fully experience the product.

However, when people are making a purchase online, they are losing a part of the experience. If you decide to go low end, you can take the photos yourself and send those photos to a graphic designer on Fiverr. You can have the designer photoshop your photos to make them look perfect for Amazon. That will cost you roughly $100 for 5 photos on Amazon.

Conversely, you can go high-end.

This would mean ordering the products from a manufacturer and then sending them to a product photography service. They can create lifestyle photos and hire models to model your product for you. That can cost you roughly $1,200. When it comes to photography, we wouldn't suggest that you cheap out.

Your main image is the first thing that people see when they are scrolling through listings. Make sure you add text to your images. If there is anything that you want to convey to your prospective customers, make sure it's there. A lot of people don't read the description or the bullet points, but they always look at the images.

6. Purchase A Barcode

To set up your Amazon listing, you will need to get a barcode inside Amazon Seller Central. In their terms of service, Amazon only approves barcodes from one platform called GS1. For 1-10 barcodes it costs $250.

7. Ship Your Product

When it comes to shipping your product, the cost will depend on where in the world you are manufacturing your product. If it's local, the shipping cost will be less. You will just have to pay for tracking charges. However, if you're shipping your product from overseas, the cost will be more.

It's less expensive to ship a product by sea (60 cents/kilo or 27 cents/pound). However, it will take you longer to receive the product. Anywhere from 1-3 months.

Conversely, if you ship a product by air, it will be quicker (one week) but more expensive (anywhere between $3.18/pound or $7 per kilo). We would recommend shipping by air because time is money and there are fewer logistics involved.

8. Turn on PPC-Sponsored Ads

Amazon has a built-in advertising platform. We highly recommend that you take advantage of this and turn on the PPC-sponsored ads. When you first launch a product, you will be ranked on page 15 or 20 of the Amazon search. Most people don't browse past the first two pages of results.

Sponsored ads help your product get seen in different ad placements. This will help you gain exposure. How much advertising will cost will depend on what your strategy is. The only way to figure that out is by playing around.

Throw some money at different keywords and figure out which ones work and which ones don't. That can cost you hundreds, if not thousands of dollars. Roughly, $200 is the bare minimum to play around with your ads.

Amazon gives you a boost right of the gate with your first product. This is why you want to take advantage of your product launch and put some money into the marketing of it. You could have the best product in the world, but if nobody sees it, then nobody is going to buy it.

Taking all of the above costs into account, the total mandatory cost would be around $3,680.

Optional costs 

1. Purchase A Product Research Tool

There are a lot of tools online to support Amazon sellers. These tools didn't exist when we first started our Amazon journey. Two of the most popular product research tools that we would recommend are Jungle Scout and Helium 10. Their filter system allows you to find very unique products.

If you don't have a tool for this part of the process, you'll have to do it manually. This means that you will be more prone to human error. Furthermore, the process will be more time-consuming and you will be less likely to find the golden nugget products.

I have a 25% discount if you purchase Jungle Scout. You'll pay roughly $149 for a 3-month Jungle Scout membership. Conversely, you can get 50% off your first month with Helium 10.

To be honest, I wouldn't consider starting an Amazon business without using a product research tool.

2. Purchase An Amazon Training Program 

Tatiana and I accelerate our success by investing in ourselves. We would recommend that you find a program that can teach you, step by step, how to sell on Amazon. I can't imagine starting an Amazon business without any kind of direction.

The Amazon business process is simple, but the devil is in the details, so to speak. There's a lot that you don't know. A high-quality Amazon training program can cost anywhere from $1,000-$5,000. Yes, you can build a business without a program.

However, it will be a lot more challenging and time-consuming. Oftentimes, this is the reason why a lot of people give up. When you have guidance, direction, and a blueprint for success, it gives you unwavering confidence.

3. Get An Amazon FBA Inspection

When you are sourcing with a supplier for the very first time you have yet to establish a level of trust with them. It's important to have your products inspected by a third-party inspection company.

This company will go to your manufacturer and inspect the order themselves to ensure that it meets your standards. They can inspect 10%, 50%, or 100% of the order. It's up to you. The order will either pass inspection or it will fail.

If it fails, you will have leverage because the products won't have left the manufacturing facility. On top of that, you won't have paid the remaining balance.

When you're placing your order with the manufacturer, you only want to send a 30% deposit. This is enough for them to get started with the manufacturing. Once they're done manufacturing and they've passed the inspection, you can pay the remaining 70% balance before they ship the products to you.

Keep in mind that you don't have to get an inspection every single time that you place an order. Rather, it's just for the first couple of times. It costs roughly $300 to get your products inspected by a third-party company.

4. Hire a Freight Forwarder

A freight forwarder will help you organize your shipment, from A to B. It will give you peace of mind that your products will arrive safely. Whether you are using them for a sea or an air shipment, they will handle all of the logistics of that process.

This is important because there is paperwork, bonds, and duties that need to be paid. The broker fee is minimal. It's usually around $120.

5. Paying For Additional Product Launch Costs

Once you launch your product on Amazon, there may be additional costs that you will need to take into account. An example of this would be Facebook ads.

Taking advantage of ads is a great way to get additional exposure off of Amazon. You don't just want to rely on your Amazon PPC. Plus, Amazon likes it when you send traffic to them from other platforms. The cost will depend on what you are willing to spend.

6. Trademark Your Product

This is optional. You don't have to trademark your brand, but it could be favorable for you to do so. It protects your brand name so that others can't use it. Moreover, there are benefits on Amazon to trade marketing. In particular, you can apply for a brand registry.

On Amazon, you will notice that some products have beautiful and well-laid-out listings, with photos and videos. Those people have “enhanced brand content.” They get that because they have a brand registry. Not only is it going to give you a nicer-looking listing, but it can also help protect you from highjackers.

If you live in the U.S., you can file a trademark yourself. It costs $225 per official class. However, if you live internationally, you may have to hire an attorney to file it for you.

Keep in mind that you can hire an attorney on Fiverr to create the trademark for you and then submit it on your own! If you want to take things one step further, you can set up an LLC for your Amazon business. Of course, there will be additional costs associated with doing this.

This is how much it ACTUALLY costs to sell on Amazon FBA in 2022.

I hope that the knowledge that we shared inside this blog has helped you determine whether or not an Amazon FBA business is the right fit for you.

Tatiana is an Amazon expert. She specializes in helping people create financial freedom through building epic eCommerce businesses on Amazon & Shopify. If you're serious about building an Amazon business, I highly recommend that you subscribe to her YouTube channel and follow her on Instagram.

Selling on Amazon is the best opportunity to create financial freedom. Don't wait. Make 2021 the year when you take action and start building your dream life.

Do you want to know what the criteria are for finding profitable products to sell on Amazon FBA? CLICK HERE to get instant access to my FREE 4-part Amazon FBA training series!

Are you curious how Tatiana James built a multi-million dollar stock investment portfolio in only a few years?

I interviewed Tatiana on my YouTube channel about how she got started investing.

Investing is one of the most powerful ways to build long-term wealth. I believe that anyone can build a multi-million dollar portfolio, but there are no shortcuts to doing so.

Tatiana adopted a long-term investing strategy and mindset. As a result, she has been able to grow her stock investment portfolio faster.

If you're a beginner investor and you're ready to start building financial security, read about Tatiana's inspiring investing story!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/13ca1732-611e-4756-9db4-6e5c3eb78ca3/stream.mp3″ background=”default” ]

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Should you start investing during the pandemic? 

Tatiana and I get asked this question a lot. If you have an emergency fund and you have set long-term financial goals for your future, now is a great time to start investing your money. The sooner that you start investing, the sooner you can achieve financial freedom. It's that simple.

If you've been thinking for a while that you want to grow your savings but you don't know how to go about doing it, you'll want to listen to Tatiana. Here is a sneak peek of some of the questions that I asked her in our interview together. Let's dive in!

Can you share how you got started with investing?

I had money set aside from my business that was not doing anything for me. In short, I wanted to make my money work for me because I know that's how you accumulate massive wealth. You want to use the money that you earn to make more money.

Before I started investing it was important to me that I studied the habits of the wealthiest people in the world. The common denominator amongst all of them was that they were investors. I read as many investing books as I could and watched YouTube videos on investing. Doing so helped me learn the basic principles of investing.

The more I learned, the more I realized that there was so much more to learn!

This reality made me feel even more intimidated. However, I quickly snapped out of this thinking trap and reminded myself that time is money. When I got started I understood that investing would be a life-long journey of learning.

I opened up a brokerage account and sent a lump sum of money there. From that point, I had to decide how I was going to invest that money. As a younger person, I know that I can make riskier decisions with my investments because I have time on my side.

I decided to start investing in index funds. With index funds, I was able to invest in a whole fund of companies and diversify my money. One of the first investments that I made was in the Vanguard S&P 500 (VOO). I like this index fund because it is comprised of the top 500 companies in the U.S.

The money that I invest into this index fund is spread out amongst all 500 companies. This is a smart way of mitigating your risk. I also decided to invest in individual stocks, like Shopify and Tesla.

In terms of the investments that you've made over the last few years, what were some of the best ones?

The S&P 500 was a great investment to make. I make good dividends from that. However, the dividend-paying stocks are my favorite. This is truly passive income.

Every month I'm making thousands of dollars in passive income.

The money that I make from those dividends is set up on a drip so that I'm reinvesting back into those stocks. This ensures that my money continues to grow. In my investment portfolio, my highest returns have been from Tesla and Shopify. That's because I invested a lot of money into those stocks when we experienced the stock market crash back in March.

What is your investing strategy?

I used to check the markets daily but I've been slacking as of late because the markets are so high. For now, I am holding onto cash. I'm expecting that the market is going to drop at some point because a lot of companies are overvalued.

What are some companies that you invest in?

I invest in Amazon. Not only did I get to benefit from building a business on Amazon, but I also get to take part in their growth by investing in the company itself. Netflix, Google, and Alibaba have also been great investments.

I like to invest in banks, especially Canadian banks, as they pay out dividends, as well as waste management companies. If there is an economic collapse, I know that these kinds of companies will be stable, long-term.

What are your thoughts about cryptocurrency and investing in Bitcoin?

I started investing in cryptocurrencies back in 2018. Recently there has been a surge in the price of Bitcoin. This is why I've been investing more money into growth ETFs, like the Purpose Bitcoin ETF (BTCC-U.TO). Also, I recently started investing in Coinbase.

I don't invest a huge percentage of my portfolio in Bitcoin.

This is money that I am okay with losing. However, I also know that investing in Bitcoin could make me a fortune. Either way. I'm comfortable with the risk.

This is how Tatiana James built a multi-million dollar stock investment portfolio!

If you want to learn more about Tatiana and her work, I encourage you to subscribe to her YouTube channel and follow her on Instagram.

Everyone that we know who is now an avid investor says that they wish they started investing sooner.

Regardless of how much money you have to invest, the key to making money with investing is to adopt a long-term strategy. In the words of the billionaire investor Warren Buffett, “If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes.”

What will your first investment be?

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This Amazon seller makes $300 per day selling on Amazon.

I recently had the opportunity to interview a walking success story who goes by the name Khabeer. He is a fan of Project Life Mastery and my fiancée Tatiana.

After watching all of Tatiana's Amazon videos on her YouTube channel, and was inspired to start an Amazon business.

He took massive action and decided to sign up for Marketplace Superheroes. This a step-by-step program that teaches you how to find simple, low competition, high-profit products and sell them globally on Amazon.

Since going through the program, his business has taken off and he's never looked back.

If you want to discover how Khabeer makes $300 per day selling on Amazon, check out this interview!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/8280218-plm-858-how-he-makes-300-per-day-selling-on-amazon.mp3″ background=”default” ]

Are you ready to build a 5-7 figure global Amazon business? CLICK HERE to discover how Marketplace Superheroes can help you achieve this goal!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

I have been witness to so many inspiring Amazon success stories.

The Amazon marketplace has 9.8 million total sellers worldwide. These are normal people, just like yourself who have been able to transform their lives using the power of Amazon.

The more success stories that I share with you, the more inspired that you will be to start your selling journey. If they can create massive success, so can you. Let's dive into Khabeer's inspiring Amazon story!

How did you discover selling on Amazon? What has your journey been like?

I discovered selling on Amazon in December 2019. At the time, I was doing contract work. However, with the onset of the COVID-19 pandemic, a lot of my contracts were coming to an end. I wanted to take the opportunity to focus on something new and create a passive income stream.

I started exploring different business models. Eventually, I came across Tatiana's YouTube channel. I watched all of her videos and became very inspired to start an Amazon business. Because I was already an avid Amazon seller, I knew there was a lot of demand on Amazon.

With people being stuck at home because of the pandemic, the decision to start an Amazon business was a no-brainer. I knew that more people were shopping online because they were forced to. Initially, I was looking at doing retail arbitrage.

In the end, I resonated most with the Amazon FBA model.

I like the idea of private labeling. When I was watching Tatiana's Amazon FBA videos, the one thing that stood out to me was when she spoke about Marketplace Superheroes' amazing scoring system. Knowing that this resource was available gave me more confidence in my Amazon journey.

I haven't looked back since I started in December 2019. In April of 2020, I joined their coaching program. My coach gave me a kick in the bum and I launched three products all at once! Since then, it's been manic.

On average, I'm making about $300 a day selling 3 products in the U.S. Recently I've expanded into the UK. I plan to eventually sell in Australia and Canada. I've got 4 more products on the way. I'm excited for the second half of this year.

How has Marketplace Superheroes helped you get to where you are now?

Marketplace Superheroes has a lot of great content, but the one thing that has benefitted me the most is the amazing community that comes with it. There is a Facebook group that you get access to as part of purchasing the program.

Within that group, all of your questions are answered.

If there is anything that changes with Amazon's terms, policies, or shipping details (which happens regularly), Marketplace Superheroes are the first to communicate those changes. If you invest in them, they invest in you.

What was your mindset around starting with three products? Did one product take off more than the others did?

At the time, I was working with my amazing Amazon coach who gave me the confidence to launch all three products at once. I knew that if I wanted to achieve my financial goals quicker, I had to invest more at the onset. One of the three products flew off the shelves.

At the time, I was getting 80-90 sales per day. As a result, I ended up neglecting my other two products. The irony is that the product that wasn't selling as well ended up giving me more longevity because it was selling more evergreen. At the end of the day, you need to look at the bigger picture.

Marketplace Superheroes encourages you to sell as many products as you can. Naturally, if you only have two products, you will stress out if one isn't doing well. However, if you have 10-15 products, it won't be as much of an issue if a few don't do well.

What advice would you give to someone who is just getting started?

Marketplace Superheroes encourages people to sell on as many marketplaces as they can. At the moment, I'm selling in the UK and the U.S. However, moving forward all of my products will be selling in Canada, Europe, and Australia. As part of Europe, you get access to seven countries.

There are more and more marketplaces that are opening up all around the world.

With more and more businesses going online due to the pandemic, I feel that Amazon is the best eCommerce business to invest in. Amazon has over 60 million products in its catalog.

You are guaranteed to find a product there that you can sell and make money from. It's the best thing that I've ever done. I hope that a lot more people get to experience the success that I have.

This is how Khabeer makes $300 per day selling on Amazon.

Ideally, the best time to start selling on Amazon was yesterday! Don't wait one day longer. The eCommerce world is booming. Now is the time to capitalize on Amazon's ever-growing platform.

Are you ready to build a 5-7 figure global Amazon business? CLICK HERE to discover how Marketplace Superheroes can help you achieve this goal!

Do you want to know John Lee Dumas‘ keys to becoming a successful entrepreneur?

Recently, I had the opportunity to interview my friend. He is the founder of the award-winning podcast, Entrepreneurs On Fire.

In our interview, he talks about the common traits of successful entrepreneurs and shares insights from his new book, The Common Path To Uncommon Success.

Ready to discover what it takes to truly embody success? Listen to John's advice!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/8128696-plm-851-how-to-become-a-successful-entrepreneur-with-john-lee-dumas.mp3″ background=”default” ]

Want a 17-step roadmap to financial freedom and fulfillment? CLICK HERE to pre-order John Lee Dumas' new book, The Common Path To Uncommon Success!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

John Lee Dumas has built a multi-million dollar podcasting business.

John hosts an interview with a successful entrepreneur, seven days per week. On his podcast, John has interviewed over 3,000 of the world's best-known entrepreneurs. Some of these people include Tony Robbins, Tim Ferris, Barbara Corcoran, Jack Canfield, and Gary Vaynerchuk.

John's new book, The Common Path To Uncommon Success, is based on thousands of interviews from his podcast. Inside, he outlines a 17-step roadmap that entrepreneurs should take if they aspire to achieve financial and lifestyle freedom. In our interview, John talks about what it takes to become a successful entrepreneur. Let's dive in!

Do you mind sharing a little bit about your story and how you get started with Internet marketing?

I was born and raised in a small town in southern Maine. My upbringing was very traditional. I went to college on an Army scholarship and spent 8 years as an officer in the U.S. army. When I was 23 years old I went to Iraq and did a 13-month duty as a tank platoon commander.

I was in charge of 3 tanks and 16 men in a time of war. Those were pretty intense times. After my time in the army, I tried law school thinking that was the next logical move. I hated it from day one and dropped out after the first semester, so I took off for a little Eat, Pray, Love moment.

I traveled the world with the intention of “finding myself.”

When I came home I thought I was ready to get serious so I tried corporate finance with John Hancock in Boston. That lasted for one year before I quit, After that, I tried real estate, both residential and commercial. Overall, my 26-32 year range was what I call “the 6 years of struggle.” Frankly, I wasn't finding any success or happiness.

I started my Internet marketing journey when I was 32 years old. During that time, I started reading self-help books, like Think and Grow Rich and The Four-Hour Workweek. I was also listening to a lot of podcasts and audiobooks. Podcasting was a medium that I clicked with right away.

I planted a seed that eventually led to me launching Entrepreneurs On Fire. This was the first daily podcast that interviewed successful entrepreneurs 7 days a week. The uniqueness that I was able to acquire within the daily podcast world led me to get some momentum, authority, and influence.

I ended up hosting 2,000 episodes in 2,000 days!

To date, I've hosted over 3,000 interviews with the world's most successful entrepreneurs. There have been over one hundred million listens of my podcast, and one million listens of the show every single month.

This is my passion project and something that I've been able to turn into a great financial machine. We just crossed our 91st month in a row where our net profit has been over $100,000. It's been quite the journey.

After interviewing over 3,000 incredible entrepreneurs, who have been the most impressive people that you've interviewed? What were the key lessons that you've learned from them?

I've learned from every single one of my guests. These interviews have allowed me to build friendships and grow my network. Equally as important, these interviews have given my audience the ability to learn from these amazing mentees of mine.

If you are an entrepreneur who is on fire, you've been on my show.

People like Tony Robbins, Barbara Corcoran, Tim Ferriss, Gary Vaynerchuk, Jack Canfield, and Brian Tracy, to name a few. Such a slew of inspiring people. I have found three commonalities that exist amongst all successful entrepreneurs.

First, they are productive individuals. Being productive means that you are producing the right content. You are giving a real solution to your audiences' real problems. If you're doing that, you're being productive. Conversely, if you're doing what 99% of people do every single day, you're just being busy.

Second, they are disciplined. As an entrepreneur, you have to be disciplined. This means that you are a disciple of a plan of action. Entrepreneurs on fire do the right things within that plan of action.

Finally, successful entrepreneurs can focus. That is an acronym for “follow one course until success.” If you can focus, you will win. Those who focus go one inch wide and one mile deep. Because of this, they become the best at that one thing.

People want the best. They don't want the second best. Although I was a terrible podcaster back in 2012 when I first started, I was still the best. I focused on my daily podcast until I was successful.

From all of the interviews that you've done thus far, what have you found drives a lot of successful entrepreneurs?

Back in 2015, I was doing financially well with the podcast. I interviewed someone during that time who said something that has always stuck with me which is, “You have to find a way to go from success to significance.” At the time, I had achieved the success that I thought I had wanted. However, I knew that something was missing.

For the last six years, I've been focused on creating significance in my life.

When you ask a lot of people what they are working towards, they respond with, “I want to make more money.” I get that, but when does more stop? Unfortunately, for some people achieving more never stops until it's too late.

Today, I live in Puerto Rico. I work hard 5 days per month. The other 25 days of the month I am working on my health, my relationships, my wellness, and exploring the world 75-90 days a year with my girlfriend.

We prioritize other aspects of our life, other than just work. Our business could have hit $10 million last year if we sat down and did nothing other than 30 days of hard work. However, even though we only do 5 days of work out of the month, we are still able to hit $2-3 million per year. We have enough.

I don't want to stop making money, but my lifestyle is important. That's my version of uncommon success — financial freedom, and fulfillment. I know what that looks like because I've created it.

Why did you decide to write your new book, The Common Path To Uncommon Success? What is the core message of your book that you want to share with people?

When I came up for air from my season of working hard I started to design the lifestyle that I wanted. I've learned so much from interviewing 3,000 uncommonly successful entrepreneurs. In 2019, I sat down and started writing down all of the similarities that they had in common with one another.

When I boiled it down, I was looking at 17 core foundational principles.

Every single entrepreneur that I've interviewed has gone on this exact same path within their life and their business. I decided to create a 17-step roadmap to financial freedom and fulfillment.

I've never written a book before, but I saw 17 chapters staring back at me. I knew that it needed to be written so I took the traditional publishing route and got Harper Collins to spot me a $350,000 advance. In 2020, while we were quarantined, I got to work writing.

My version of work was spending time writing my book during the first two hours of every day. It took me 8 months and 480 writing hours to write 17 chapters. I'm so proud of the final result.

Of the 3,000 people whom I've interviewed, I thought about who best exemplified each of the 17 steps. I reached out to those people and they ended up contributing an amazing section to the step that best embodies their Zone Of Fire.

What are some of your favorite steps from the book?

Step 1 is identifying your big idea. This is a sad truth… so many people are going to die never even knowing what their big idea was. It was inside of them all along, but they chose to not share it with the world. When you know what your big idea is and you embody it, you live inside your Zone Of Fire.

This is when you're living every day doing what you should do, where you should do it, with whom you should do it.

Step 2 is about discovering your niche. Find a void within your big idea that is not being met. Another way of saying this is to find a problem that has yet to be solved within your big idea. That is how you will get the ball rolling.

And skipping ahead a bit, step 7 is creating a content production plan. The reason why I am such a prolific producer of content is that I once sucked at content production, but I fixed it. I work 5 days out of the month because I have perfected my content production plan.

Do you aspire to become an entrepreneur on fire?

There is no reason why you can't have financial and lifestyle freedom. However, you must be willing to work hard for it and strive for significance.

I highly recommend that you read John Lee Dumas' new book, The Common Path To Uncommon Success. I'm halfway through and it and it's nothing short of amazing. When you pre-order John's book, he gives you 5 once-in-a-lifetime bonuses, valued at over $1,300!

To give you a sneak peek… one of the free bonuses that he will give you is his Freedom, Mastery & Podcast Journals. For those of you who live in the USA, he will ship the journals directly to your door, free of charge. Those of you who live outside of the USA will receive digital packs.

I'll leave you with one of John Lee Dumas' favorite quotes by Albert Einstein, “Try not to become a man of success, but rather try to become a man of value.”

As you move along your entrepreneurial journey, make sure that you don't fall into the trap of chasing success. Rather, find ways to add value to peoples' lives, create an impact, and share your message with the world. That is a testament to true success in life.

Want a 17-step roadmap to financial freedom and fulfillment? CLICK HERE to pre-order John Lee Dumas' new book, The Common Path To Uncommon Success!

He lost his job… then went on to do $30 million in Amazon sales.

The guy I'm talking about is Dan Meadors. He and his partner, Dylan Frost, are very successful Amazon sellers.

They are founders of The Wholesale Formula, a training program that teaches people a step-by-step system for how to sell wholesale with Amazon FBA.

To date, their students have sold over $500 million on Amazon. Results don't lie. Their method is the real deal.

Here's the unique part about Dan and Dylan's story… they did not make their money in the way that most people on Amazon do. 

Curious how they were able to make $30 MILLION using the power of Amazon? Listen to Dan!

Watch the video below:

(Click here to watch on YouTube) 

[smart_track_player url=”https://www.buzzsprout.com/9299/7820527-plm-842-he-lost-his-job-then-went-on-to-do-30-million-in-amazon-sales.mp3″ background=”default” ]

Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Amazon wholesale vs. private label

If you're familiar with the content that I publish on my blog and YouTube channel you know that I talk a lot about private labeling for Amazon FBA. A private label product is one that a retailer gets produced by a third-party but sells under its own brand name. This is one way to make money on Amazon. It's one of the most popular and common ways to sell on Amazon.

However, it is not the way that Dan and Dylan made $30 million in Amazon sales. They discovered a way to sell on Amazon that is less risky, requires less money, and is more beginner-friendly. If you're a private label seller, you can still implement this method in your Amazon business or replace it altogether. It sounds too good to be true, but it isn't.

In our interview, Dan shares his story and goes into detail about the method that he and Dylan used to make $30 million in Amazon sales. Let's dive in!

Can you share how you got started selling on Amazon and how you came to develop this method?

It was a long road. I think that is the case with a lot of businesses. You get in and the field clears as you start moving along. That was the case for Dylan and me. I've always been interested in selling things, regardless of what they are. I started selling on eBay when I was in college. That's how I paid for school.

Eventually, I had a video game store on eBay.

I was selling $80,000-100,000 per year on eBay. When I graduated, I got started with a company that sold toys and games online. I did that job for years. One of my good friends was the CFO of the company. He had started a side project where he would sell stuff on Amazon. 

I had no idea that this was a thing. Six to eight months later he came into work and said, “Yeah man, I'm going to turn in my notice today.” I couldn't believe it! He had a 6-figure job at the company. It was a great position. However, he admitted to me that he was making more money sitting at home in his underwear selling on Amazon than he was at work.

He educated me on retail arbitrage. I remember the first product that I sold on Amazon. Back then, I was in Walmart scanning the various toys. I came across a pack of Disney cards that were selling in the store for $2.75, but they were selling on Amazon for $15. 

I bought the cards and resold them on Amazon. From that moment onward, I knew that I had to learn more about Amazon. If you actively look for opportunities, opportunities will find you when you need them most.

We started our business in July 2011. By September, we were doing $50,000 in sales.

Keep in mind that I started the business with a $600 credit card. Unfortunately, disaster struck in December. I got fired from my job, I had a brand new baby girl and a lot of bills to pay. 

It's fair to say that I was overwhelmed. I went to my office that I was renting at the time, sat there and I cried for 3 hours. What can I say, I was terrified to tell my wife. I went home and told her that I quit my job and that I was going to take on the Amazon opportunity, full-time.

At the time, I didn't necessarily believe that it was possible, but I really wanted it to work. I worked 70-80 hours per week on my Amazon business. Over the next year, Dylan and I did $850,000 in sales with retail arbitrage. The next year we did $920,000 in sales. I couldn't work more if I tried. It was during this time that it hit me… I was hardly spending any time with my family.

I knew that we had to make a change.

We started a retail store to sell specialty games. That business failed. Eventually, we sold it. After that, we got into private labeling. I think private labeling is great, but there is a subset of skills that you need to have to be good at it.

Our first product was great. It took off and did really well. However, as soon as other Amazon sellers came in, we couldn't fight back.  That's when we found wholesale. 

Can you share more about how the reverse sourcing wholesaling model works?

Wholesale is incredibly common. There are 1,000 ways to do it. The more traditional model involves going to a distributor or a wholesaler, buying products at wholesale prices, and selling them retail. That method didn't work for us.

What we do is the reverse of what has always been taught in the industry. We start with finding a product that we think will perform well or that we can do well with. After that, we take action to find out who makes it. From there, we set up a relationship with a brand owner. 

The focus of our business is to develop a relationship with someone, based on value.

We want people to get a return on working with us like we want a return on working with them. The products that we are looking for are ones that are ugly, meaning that their listing has a bad title or bad images.

Yet, the product is still selling on Amazon. Wholesale is a winning model if you're willing to work hard and help people. There are so many opportunities in the marketplace that don't have sellers who care about their products.

If someone were to start this business, what is the average amount of money that they would need?

A typical minimum order is $250-$500. We suggest that people have a $2,000 budget to get started. This allows you to place multiple orders with different suppliers and get familiar with the process.

That's the big difference between wholesale and private label. With private label, you have to be really invested in a single product. In the case of wholesale, you are starting with a product that already has sales and trying to optimize it. Your carrying costs aren't as high.  

What can people expect if they attend your upcoming free training?

Our training will be a full-on workshop. We have three, 4-hour days planned to go over everything from how to find great wholesale products to how to communicate with brands and win accounts. If you're interested in selling on Amazon and want to know the ins and outs of how our model works, you won't want to miss our training!

Dan lost his job and then went on to do $30 MILLION in Amazon sales.

I'm currently going through Dan and Dylan's course and I'm blown away by it. I wish I knew about this model when I was first getting started selling on Amazon. It seems like a much simpler model, yet one that can still make you great passive income.

If you're interested in Amazon wholesale, I encourage you to join their free training! I know I'll be there. This is the perfect opportunity to learn what is involved with this model and how you can take advantage of this amazing opportunity.

Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!

This “weird” Amazon method made Dylan Frost & Dan Meadors $30 MILLION in Amazon sales.

It's highly likely that you've never heard of this method before. I'm learning about it right now and I'm blown away by its simplicity.

It's called reverse sourcing wholesaling. In comparison to other Amazon sourcing strategies, there are fewer logistics involved and the potential is just as great.

Inside this blog, I interview Dylan Frost about reverse sourcing wholesaling and how this model can help you grow a successful Amazon business.

Keep reading to find out how Dylan used reverse sourcing wholesaling to build an Amazon empire!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/7766491-plm-841-this-weird-amazon-method-made-30-million-in-amazon-sales.mp3″ background=”default” ]

Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Dylan Frost and Dan Meadors are wholesale experts.

Together, they have made well over $30,000,000 in sales selling on Amazon. What's even more amazing is that they started with an investment of only $600.

Dylan and Dan have also created an amazing step-by-step online training program called The Wholesale Formula that shares their blueprint for Amazon success. To date, their students have sold over $500 MILLION on Amazon. These guys are the real deal.

Watch the video above where Dylan shares his computer screen and shows you product examples that you can sell wholesale on Amazon using the reverse sourcing wholesaling business model.

If you're ready to build a successful Amazon business or scale your current one, Dylan and Dan's teachings will help you do so. Let's dive in!

Do you mind sharing your story and how you discovered reverse sourcing wholesaling?

When I was fresh out of high school, I wasn't able to attend a big university because I couldn't afford it. I attended community college. When I got my diploma, I started a decent-paying job making $40,000 per year. I thought I was rich at the time. After 2-3 years, I started getting resentful about my job.

I wasn't getting paid what I deserved and I felt smarter than some of the people who were making way more money than I was. At the time, Dan, my now business partner, reached out to me and told me how excited he was about an Amazon opportunity that he came across.

After 30 minutes, I was sold on the opportunity.

Dan started his Amazon business with an investment of $600 and I eventually partnered with him. That's how we got started. In the beginning, our Amazon business was arbitrage-based. This means that we would drive around the southeastern part of the U.S. and stop at every Walmart we could find.

We would go to the clearance section of the store while browsing Amazon on our phones. The goal was to find things that we could buy on clearance, and then resell those products on Amazon at a profit. Believe it or not, we made $1 million in sales per year doing this.

The problem with the arbitrage model is that you have to work a lot and spend a lot of time on the road. Ultimately, we found a better way, known as reverse sourcing wholesaling. Instead of traditional wholesaling which uses wholesalers and distributors to find products that may be selling well on Amazon, we look on Amazon to find our products.

We created a simple mathematical formula where we can determine with very good accuracy how much money we can make if we are selling a product on Amazon. With that information, we go straight to the source. This means that we reach out to the brand owner or legal rights owner of the product itself.

We get approval from the owner to be an authorized reseller of their product on Amazon.

Once that happens, we improve their sales, to the point where they want to work with us in an exclusive capacity. This means that we are the only person who is selling their product on Amazon. That is when you see the power of our business model in action. Some of our wholesale contracts are worth $1 million.

What kind of success have you experienced thus far?

Within six months of starting, our Amazon business was one hundred percent wholesale. We had completely replaced the income that we were making from our arbitrage business. By the end of our first year, we had more than tripled our revenue.

In our first year of wholesale, we made $3.5 million in sales. The next year, we made $6 million in sales. In total, we've made well over $30 million in sales on Amazon. It's been a wild ride.

When you find a wholesaler that wants you to sell their product on Amazon, what are the next steps?

The way that eCommerce has traditionally worked is that you have two different kinds of people – those who make a product and those who sell a product. Very rarely are they the same person. That is the relationship that has always existed, and it still does. We work with successful brands and manufacturers of products.

They don't sell their products. Rather, they rely on people like us to retail their products. That's the way their business has always worked. They have a set amount of money that they are willing to work with as an Amazon seller or retail partner. If you know what to say to brands and what value you can offer as a retail partner, you will be one of the few people who have access to them.

Let me give you an example of how we add value to brands.

There are endless examples of well-established brands that have huge customer bases, but they have really bad listings. We convert listings that may get 1,000 sales per month into a high-converting one that gets 3,000 sales per month.

That's basically what we are offering to brands. We are showing brands all of the simple things that they can do better. A lot of brands don't know anything about Amazon. That's why they need people like us.

Is this a good model for people who want to make some passive income on the side?

You can get into this version of wholesale with as little as $2,000. You can buy as much inventory as you want. You're not forced to buy a certain amount. Private labeling has a higher ceiling for success. However, it's also riskier.

Conversely, wholesale has a lower ceiling in terms of your margins. However, your floor is higher in that it's less risky. With wholesale, you're only selling established products. A product may already be selling hundreds of times per month.

Thus, you know you'll be able to sell it.

The worst-case scenario is that other people on the listing may under-cut your price to the point where you have to sell, break even or take a 10% loss. For example, if you invest $2,000 but you only end up bringing back $1,800, you don't lose your shirt over it, so to speak. That's what makes wholesale pretty easy to get into.

Do you have to live in a specific place in the world for this business model to run efficiently?

It doesn't matter where you are in the world. As long as your country allows you to create an Amazon seller central account, the reverse sourcing wholesale business model works. The reason why you can do this from everywhere is that you never have to see or touch a product.

When I open up a wholesale account, 80% of the time the company is able to ship the product directly to Amazon. In the rare instance where they can't do that, you can get it sent to a prep center, and then they will send it to Amazon for you.

You've created an amazing course called The Wholesale Formula. You're doing a FREE 3-day live event soon. Do you mind sharing what people can expect if they register for it?

Once a year we do a free 3-day live workshop. You get the opportunity to work with us, live, as we teach and train our model and method for selling on Amazon. We are very transparent throughout our workshop. You will learn, from start to finish, how our business operates, how you can copy our method, and start doing implementing it in your Amazon wholesale business. And we'd love for you to join us!

This “weird” Amazon method made $30 MILLION In Amazon sales.

Selling on Amazon is one of the biggest money-making opportunities that exist online. Amazon brought in $75.5 billion in sales revenue in the first quarter of 2020, and their sales continue to grow today. There is no doubt that selling on Amazon is a smart business move.

Dylan and Dan grew up poor. They didn't have much, nor did they attend university. However, they are taking advantage of opportunities when they were presented to them.

With the right support, you too can become a successful Amazon wholesale seller. Take advantage of this opportunity. Trust me, from the research that I've done thus far and what I've learned from Dylan, it's too good not to!

Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!