Author Topic: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?  (Read 1359 times)

CashFlowDiaries

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Hey everyone,  thought it would be cool to share this with you guys.    About 9 months ago I started looking into alternate ways to side hustle and make extra income.   I came across selling selling products on Amazon FBA and thought it would be a fun and exciting venture to start out.    So I started the process which included finding a product to sell, finding chinese suppliers/manufacturers to mass produce, shipping them to the united states via a sea cargo vessel, then shipping them to amazon fulfillment warehouses.

It has been a long, EXPENSIVE, and crazy journey but I have now been selling my product on Amazon prime going on month #2 right now and have sold over 200 units.  I had my best selling day yesterday in which I sold 11 units which makes me very giddy.   At the end of the day I put in a total of about $17k to startup (expensive product, selling it just under $40 a unit on amazon right now) and when all my items are sold, i should be clearing about $8k in profit.   That is $8k in profit after getting all my initial investment back plus expenses (amazon fees, etc).      That is over 40% ROI which is great.   Now I just need to see how long it takes to sale all my inventory.  If I can go through two cycles in one year of inventory then that is some nice extra money right there.   My first production count was 1000 units, this part of the reason why my start up costs were so high to begin with but I wanted a quality product and wanted to stand out from any competition.

So I have never seen anyone talk about this business venture on the forum and am curious if any of you are doing it as well?  Would love to hear about it.
Passive Income earner.  Creator of  www.cashflowdiaries.com

l2jperry

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #1 on: October 06, 2016, 07:24:28 AM »
I also sell on Amazon, but I manufacture and fulfill my own orders daily. I do sell more popular items through FBA. Amazon is a great resource to make money, but you have to be very careful and play by their rules.

CashFlowDiaries

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #2 on: October 06, 2016, 07:34:56 AM »
I also sell on Amazon, but I manufacture and fulfill my own orders daily. I do sell more popular items through FBA. Amazon is a great resource to make money, but you have to be very careful and play by their rules.

Cool, I would love to be able to manufacture my own items.  That would really help prevent competition.  Competition is fierce on amazon and all the rules are scary.   Its scary trying to do this with all the horror stories I keep reading about suspended accounts, reviews being deleted, hijackers and all that stuff.

Ill keep my fingers crossed that it continues going well for me.

How long have you been selling on amazon and is it your full time gig or just a side hustle?
Passive Income earner.  Creator of  www.cashflowdiaries.com

LiseE

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Hi there ... I've been researching doing an Amazon FBA side hustle for the past month.  (I suffer from analysis paralysis!)  ... either that or I'm just chicken!  Was wondering how your Amazon business is going?  Hope you are doing well.

- Lise

mustache you a question

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Hi there, I have a quick question for you.  When you first decided to sell on Amazon, how did you go about finding what product to sell?  I decided that this would be a great way for me to make some extra cash as a side hustle and I've done some research on it but still haven't been able to come up with an idea.

Thanks.

CargoBiker

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Competition is fierce on amazon

It is if you sell competitive products.  i.e. the ones the gurus preach that you should sell. There is lots of money to be made "under the radar".

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and all the rules are scary.

What's scary about rules?  Read them. Follow Them.  You won't get suspended.  The horror stories you hear are mostly people trying to bend the rules and get around things. Doing so, because they are trying to sell products that are too competitive, with no real difference between their product and the next guy's, and the only way to compete is to try and get a rule-bending edge. 


For every 1 horror story you hear, there's 1,000 people who are doing just fine.


That being said, I do acknowledge the lack of control you have over your business if you sell exclusively on Amazon, and I would always recommend people to develop off-Amazon sales channels.
« Last Edit: April 18, 2017, 09:55:57 PM by CargoBiker »

Fairviewite

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Hey guys,

I've been selling on Amazon FBA since last July and have been having a great time with it. The company has been averaging approximately $2,000/month profit after paying for writers and our social media manager.


BrandonFI

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I've been selling a private label product using Amazon FBA for over 12 months now averaging 2-3K profit per month. I've mentioned this before but member here on MMM and the ERE forums don't seem interested. Not really sure why, I literally spend 1 hour on this per month, 99% automated.

To the OP, keep up the good work!

« Last Edit: April 20, 2017, 11:17:10 PM by BrandonFI »

CargoBiker

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I've been selling a private label product using Amazon FBA for over 12 months now averaging 2-3K profit per month. I've mentioned this before but member here on MMM and the ERE forums don't seem interested. Not really sure why, I literally spend 1 hour on this per month, 99% automated.

To the OP, keep up the good work!

Members of this forum aren't really interested in anything to do with starting a business, in general. 

An Amazon-based business model is a bit more involved upfront, compared to your typical side hustle, but the end result, as you said, is thousands a month, with almost no work required.
« Last Edit: April 21, 2017, 10:07:07 PM by CargoBiker »

texxan1

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My brother does this, and brings home an extra $2000 a month. It has allowed him and his wife and kids to move to a LCOL area, build a brand new home and work part time.... They are quite happy, a lot more than before

His problem is finding new niche things for amazon... He only sells one item, but as baby boomers pass out of the corporate world his sales will go down


Clean Shaven

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #10 on: April 22, 2017, 08:07:40 AM »
This sounds interesting. Could someone PM me a link to your FBA product? I think I'll look into this some, and am wondering what sort of items you are selling this way. (Or just post a link, but am not sure if that's OK with the forum rules.)

FarmerAl

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #11 on: April 22, 2017, 09:00:05 AM »
Would one of you mind sharing how you started this process, how you decided which product to sell, startup costs, etc.?

I am very interested in this but I am not sure where to start. It obviously sounds like this can be profitable if done correctly.

Any insight would be appreciated.

bwall

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #12 on: April 22, 2017, 01:29:49 PM »
So I started the process which included finding a product to sell, finding chinese suppliers/manufacturers to mass produce, shipping them to the united states via a sea cargo vessel, then shipping them to amazon fulfillment warehouses.

What's to keep your Chinese supplier from getting an Amazon account and shipping to the fulfillment warehouses themselves? Then they can cut out the middleman (you) and capture your profit as well.

xfactor9600

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #13 on: April 22, 2017, 04:39:26 PM »
Would one of you mind sharing how you started this process, how you decided which product to sell, startup costs, etc.?

I am very interested in this but I am not sure where to start. It obviously sounds like this can be profitable if done correctly.

Any insight would be appreciated.

Second this.


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CowboyAndIndian

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Re: Selling on Amazon Prime via fulfillment (Amazon FBA) - Anyone try this?
« Reply #14 on: April 22, 2017, 06:22:36 PM »
Spencer Haws has quite a few articles on his blog

http://www.nichepursuits.com/tag/amazon-fba/

Lots of information for those looking.