Is It Worth Selling On Amazon In 2024?
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- Опубликовано: 10 июн 2024
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Hi jatz, I am Just wondering do you need to pay the 20%VAT when selling a products on amazon UK , as I heard someone said that you can ask amazon not charging you the VAT by emailing them if you are registered as a sole trader to limited company. Thanks
I really want to know that too
@@Dailyinspiration1400jat has no interest in answering real questions as he probably doesn't even know himself as he's a farce.
This is correct. You need to open a case with support and attach your uk limited company documents requesting removal of mandatory vat from your account. This is usually done within 48 hours aslong as the documents requested are in order.
You will only need to pay VAT once you get over the threshold of £85k which has now changed to £90k, so no you won’t need to worry about paying VAT until you get over that threshold
Bro does arbitrage products in supermarkets provide invoices??
Doubt they would. Invoices are usually only given when you buy large quantities from a wholesaler.
@@superx8299 so how can we list products to ungate ??because we can’t fulfill the criteria to other sellers, isn’t it?
This guys selling a unrealistic dream unless you have serious money to invest which 99% watching this video wont. Let me explain. Amazon FBA net profit margins are generally within the 20 - 30% range. Therefore in order to make £100k profit a year you would need to have made annual sales of around £350,000 for the year at a average of 30% net profit monthly throughout the 12 months. In order to make 350k sales a year you would need minimum 2/3x that total sum in stock listed in your amazon shop front. So yeah around £700k - £1mil worth of stock in your amazon fba inventory. Who amongst his 250k subscribers has that kind of cash to put in to amazon! And those who do... are not sitting watching youtube vids. Its all a farce!
this is not true, i sell on amazon myself and i spent 3k on inventory which returned me 8k within 8 months
@@milanisti22xireally
Although we don’t buy stock at the beginning of the year, drop shipping would be more you make money first and then sell. So it’d be like 13-8 every time, doesn’t matter how many 8s there are if we make the 13 every time.
Since you’re selling products you get more than 100% of your money back.
In short you make money as you go & It’s not all purchased in one day
@@milanisti22xi People love talking by doing the "math" and not actually experience
only flawed example in your argument is that no one ever has that stock in inventory rule of thumb is 10-15% inventory at any one point compared to year sales on a monthly basis ( apologise if im not being clear ) but your right about needing serious amount of money