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MONEY SELLING
ON AMAZON
NO EXPERIENCE
NEEDED!
HOW TO MAKE MONEY SELLING ON AMAZON
1. Scale It Down
The first thing you’ve got to do is For this guide, let’s just say this is the
scale things down. net profit figure.
So, you’re probably wondering… And let’s imagine, for the ease
of calculation, you’re going to be
“Stephen, why do you always tell me making $5 in net profit, before tax,
to scale things down when I want to every time you make a sale.
get to this mythical five figures?”
So we take our $333, we divide $5
Well, we scale down because other into that, and we get 66.
people are making a mistake.
What does that mean?
They say things like...
It means we need to make 66 sales
“I want to make 10,000 dollars, or per day with a $5 net profit to get
euro, or pounds a month, selling on $333.
Amazon.”
But they leave it at that!
Now, some of you might be
thinking...
You need to get more specific! “that sounds like a lot of sales!”
You need to get real about your But you have North America, AND
business! Europe!
You need to scale it down! So you can actually divide that
number in 2!
When you divide approximately 30
days a month into $10,000, you’re That will give you the amount of daily
going to get a much more realistic sales for each continent to get to
figure. $10,000 per month, net profit.
So let’s do that right now...
If we’ve got $10,000 as our goal, and It really is that simple!
we divide 30 into it, we’re going to
get $333, every single day. I mean, if you take 66 and divide by
2… you only need 33 sales from each
continent.
Now, if that’s going to be net profit, Not each country…
that’s the net profit figure you’ve got
to get to... Each continent!
Obviously, if you’re talking about
revenue, that’s the revenue figure
you’ve got to get to.
HOW TO MAKE MONEY SELLING ON AMAZON
3. Multiple Markets
The next point? So, that’s something you should really
think about...
You want to be selling in multiple
markets! Selling more products in more
countries.
This is going to speed up your rate of
sales faster than anything else. It’s really a thing of beauty because,
as we talked about with continents
Why? earlier on, you have many more
It just makes sense! options to expand your business.
If you only sell your products in one You really want to be selling in all
country… countries possible!
Like on Amazon.com, let’s say… Some people say they want to sell in
Europe, and while they might choose
You can only ever sell to Amazon.com one country to start, they don’t
customers. continue to translate their listings to
And that’s extremely limiting! sell in more countries...
They’re cutting off the amount of
sales they could so easily be making!
So, if you really want to have a
successful Amazon business, you’re Don’t make this mistake!
going to want to get your items into
more than one country.
Translate your listings and make
them available in more countries
And the great thing about Amazon is (we even provide this service for
that they make it very simple for you members to make it simple and
with Amazon FBA, which, as you know, seamless!)
means Fulfillment By Amazon. You’ll pick up more sales and get a
Essentially it means we send our lot closer to that goal one hell of a lot
items en masse to different places, faster than anything else!
our products are held in stock on our
behalf, and then we make sales...
4. K
now Your Numbers
The next point is to know your So, knowing your numbers starts
numbers! with the understanding that the size
and the weight of an item is very
Now, let me tell you, my business important...
partner Robert is an incredibly smart
numbers guy! So we put that into a calculator.
And me? Now, what is the duty rate going to
be?
Well…
What will Amazon’s fees be now?
Not so much…
Because obviously, depending on the
So, because we can’t all be a hotshot size and weight of your item, you can
numbers whiz like Robert…we at have different Amazon fees...
Marketplace SuperHeroes have
created lots of different helpful apps
that you can find in our ecosystem!
In which category is the product
selling?
These apps are extremely helpful in Because you’re going to have
calculating the profitability of the a different commission rate
products you are researching. depending on the Amazon category...
Be sure to use a profitability tool that
calculates your inward shipping cost!
All of these things are really
Meaning... you want something that important!
will calculate the cost for you to import
a product, including your duties and
taxes. And that tool is really important also...
Including knowing that your product But you don’t want to use something
is a certain size and weight... like Amazon’s profitability tool.
Use a proper tool that will calculate
all of these different things!
Why?
It does not include anything to do
You have to make sure you have it all with inward shipping costs!
covered so that whenever you bring in
an item, you know exactly how much So you’re not going to get the true
money you’re going to be making. profitability of an item.
HOW TO MAKE MONEY SELLING ON AMAZON
You also want to make sure that you’re I mean, let’s say that when you start,
including things like sales taxes, or you don’t have to collect VAT…
VAT in Europe.
Well, there will come a day when you
Even if you don’t have to pay them do!
straight away…
And if you haven’t allowed for that in
your pricing at the beginning... will
you find out later that you are no
Because there are a lot of different longer profitable?
factors for whether or not you have
to collect and remit things like VAT, That’s a terrible way to run a business!
which are all in our program, of
course… So that’s why it’s really important to
understand your numbers.
But even if you’re not paying them
right away, well, that doesn’t really
matter!
You have to allow for that percentage
anyway!
HOW TO MAKE MONEY SELLING ON AMAZON
Wrapping Up
So just wrapping up today, how do Especially if you’re selling in multiple
you get to that five figures? Let’s do a countries!
quick recap…
You have to understand the different
duty rates…
Scaling Down How much it will cost to import
something…
Figure out your daily numbers so you
can understand exactly how many And everything in between!
items you want to be selling.
Remember, if you’re interested in
And that’s something you can literally learning more about getting started
do right now. with your own Amazon FBA business,
we’re putting on a new LIVE training
You can sit down and say, I want to very soon!
make $5000 a month, OK, let me
divide 30 into that, and so on... Full details should be in your inbox
(we’ll send some reminder emails out
That’s the first thing. too once we’re getting close to going
live!)
Offer Volume It’s going to be one of our biggest and
best trainings yet!
Then we talked about increasing
your offer volume. Don’t miss it!
Now you know that, ideally, you will I hope you enjoyed today’s guide,
launch with more than one product, and I hope you’re starting to see how
and will continue to add more possible it is to achieve $10,000 per
products as time goes on. month in net profit.
Is it easy?
Multiple Markets No.
We talked about selling in multiple Will it happen overnight?
markets, not just selling on Amazon. No.
com.
But it is absolutely possible when
Get your items translated, and get you stick to the process!
them into more countries!
Stephen
Marketplace SuperHeroes