It's great when you're already educated on a subject and you see a video like this. Wild camera movements and bright colors and mentions of millions of dollars. With a simplistic delivery that just draws dummies in.
I do Amazon wholesale. After everything was set up and the first batch of products arrived at Amazon's Warehouse I am making 5-6k in sales per month after 3 months of starting. This business is very capital intensive. I also have a team working for me so that's even more money. To grow fast you either need at least 10k of inventory or get lucky with a great product in small amounts.
@@bdizz1188 To sell on Amazon or Walmart it takes a lot. You have to know which products to buy and hope it sells. Or drop ship on Walmart but hardly any profit margin. I don't think it's a great business but it has the potential to be good. Most people aren't rich from it. It's not my main source of income even after two years of doing it.
For groceries yes easily cheaper. But for things like crafts and electronics and accessories they have ten times the options and usually same price or cheaper in my experience. Even protein shakes cheaper there than whole foods n GNC
As an Amazon Wholesale Seller I can say there is a BIG risk with this business model. Amazon just deactivated my seller account with +15k USD because another seller reported me for selling unauthentic products. Since my suppliet, out of confidentiality reasons, didn't want to give me the supply chain documents which amazon required in order to decide the authenticity, I had ZERO chance of getting my account reinstated and my money was stuck in my account for months. Finally I managed to get the funds released, thank god. With Amazon wholesale you can lose your entire account even if you have done nothing wrong. A competitor can falsley accuse you to eliminate you from the cpmpetition, a customer can say bad thibgs about you because the want free products and refunds, a supplier can lie to you and say they are authorized when they are not, etc. Amazon is extremely customer centered, and there is no mercy for the sellers. Be sure to consider this before starting with Amazon Wholesale. Don't make my mistakes
@@AK-fr8sy Was selling essential water, monster energy and toilet paper purchased in bulk from wholesalers, got reported many times for being knockoff even though I got direct from wholesaler. Amazon didn't even bother looking at my appeals, like many others too.
Do you think this kid actually does this? Kids are now just doing youtube and talking about acheivments they never had. It's modern televangelism, RUclipsCommerceProselytizing. Imthese people are the new Televangelists, mark my words
But the stores have the physical or duct so that’s the MAJOR difference. They have to pay for the storage and control the shipments of the bulk orders . Other than that the model is the exact same.
it costs 20$ per pallet of goods per month with 21$ of handling fees plus 7$ of wrapping and a 40$ picking fee per month. Then you also be responsible for coordinating shipping, LTL loads on local deliveries can run a minimum of 300$ if the package is large. limiting your shipping power. if you warehouse yourself you need around 60k a month operating revenue to break even
@@reflectionks you're still paying for the warehousing of the items. You think Amazon is supporting it for free? They're charging you 3x as much to store it as it costs a store with their own warehouses. You're just paying that storage on each item instead of paying to buy/maintain our rent a warehouse.
No he's a genius because he managed to figure out how to do exactly what Amazon intended. People think Amazon came up with these ideas, no, it was this guy. This guy came up with the very concept of profit itself. Pretty amazing.
My friend went into wholesale on Amazon. Lost 60K. Now is in debt. People, this guy is the exception not the rule. It’s not as easy as he leads it to be.
@@austenyates1464 wholesale products. Toilet paper, wipes, deodorant, shit that people are too lazy to go get at a store near them. Him and 4 others took out loans and did it as a team with this “professional company” that manages your store for you. I told them not to do it as I did drop shipping and Amazon in 2016 and it was incredibly hard to turn even a small profit. Took a lot of time. It’s not as instant and easy as these people make it out to be.
I’ve tried dropshipping in the past a couple of times. Never worked for me. It might work for you, but I believe it’s way too saturated now. Those that hopped on the train back then are reaping the rewards of it and those that didn’t missed out.
There’s always opportunity, you just have to understand where the market is going. The benefit of the current day market and customer trends is that there’s always the next hot product, always a new wave of interest, especially with tiktok and other social media apps being to prevalent. Marketing a product has never been so easy, so in turn, selling a product has never been this easy. And it’s only going to get easier, what takes time is finding the right formula
I’ve been an Amazon seller for 10 years. I promise you that fiji will not give you a wholesale account if you’re an Amazon seller. If you’re a grocery store, maybe. Gas station, maybe. Amazon seller? No. Big brands hate amazon sellers. Good luck.
Yup, dropshipping was one of my options but soon as I started researching it more I figured I wouldn't be doing a good service to anyone by inflating prices just for the opportunity to sell low ticket items. There's already too many people doing it driving prices up and profits down. I highly doubt the wholesalers give you great deals anyway.
Fiji was already going to ship the water, you just took all the risk and filled the paperwork, and everyone else involved made more money.......wow so smart guy.....
Lol dropshipping days are beyond done. Get your own brand. It is way to hard to sell other brands now, if you do. Save money for lawyers to fight Amazon. Most times you can win but don’t let that be your only income stream. Working a crap job just to make it ATM. Messed my own brand because I wanted more money selling other brands. Now I got lawyers and it will be fine but I almost ruined my life because I didn’t stack enough back. Excellent reviews, no issues with customers just another seller making accusations and cost me a crap ton.
And that's the reason you can't be 100% sure that what you're buying is actually what you're buying. One can buy wholesale from legitimate companies and not so legitimate companies.
He forgot to mention the daily charges from Amazon per cubic foot of warehouse space you take up storing all those cases of water while you wait for them to sell. Amazon doesn’t just store your stuff for free lol they charge for every step of the process.
Yeah, how much does it cost to house it at a fulfillment center. Better hope it sells quickly. You also have to buy in large quantities. So many ppl lose there ass doing this.
You gave a great summary of Fba but its not as easy as you described it. Amazon Fba is very diverse. Your product can be cataloged as #1 top selling because you have high quantities , cheapest price,etc then a day later you can be on page 5. You’re with a pool of millions of products. You also have to make sure your seo skills are top notch with keywords or else you’ll never see the first page
Correct. This is why sometimes companies will not give you the best customer service possible. Especially with overseas companies. You technically bought it from the middle man and any issues with the product aren’t their fault. It’s the middleman’s fault.
Do not do this. Amazon changes rules and fees in the blink of an eye. I tried doing this on a smaller scale and it did not work. You need a TON of money to MAYBE work and for it to work you need to be in the buy box and in most cases be the lowest price which means razor thin profit margins. Small sellers with little to no overhead and auto price adjustments to always be the lowest will kill your profit. Amazon will charge you for storage at their warehouse while you compete with the other chumps on who is the lowest price. Then you will randomly receive emails that certain products cannot be sold anymore and you have to claim it otherwise they will “dump” it. Then you have a higher rate of return from “prime” buyers. I am seller fulfilled and I went from an 8% return rate while do that to less than 1% now.
I only go through Amazon prime I try to never go through the 3rd party sellers. Amazon has great returns and the 3rd party sellers never do and always make it a huge hassle . Many items I got from the 3rd party dealers are not what's advertised.
I’d wager that everything you’ve bought through Amazon prime comes from a 3rd party seller. 58% of Amazon’s revenue comes from 3rd party sellers who have the ability to put their products up for prime shipping
@@iDropPhats whenever I ordered through Prime they accept my refunds if something's broken or there's any type of issue! If It's from a third party seller they tell me they will not refund and I need to speak to the third party seller! So I'd wager that you're wrong! Especially since they just built an Amazon Packing House not far from us about a 2 years ago!
@@roundone7954 To be fair, not all third-party sellers use the FBA model. For those who don’t, it’s much more prevalent for them to not accept refunds, because Amazon is not the one managing that, it’s the third party seller themselves. The FBA model outsources all order and refund fulfillment on the back end to Amazon, so, even though there are third party, sellers using the FBA platform, Amazon still has that control over the level of customer service that its customers receive. That can’t be said about non-FBA sellers. In the case that someone is a 3rd party seller that isn’t using FBA, they take on all of the responsibility of back end fulfillment and customer service themselves, which most of the time is complete bullshit. There’s a massive difference between an FBA verified seller and a normal 3rd party seller on Amazon…
Warranties aren't honored with third party sellers. Yeah, the saving on Amazon are gone these days. I also know this was going on, because these "Amazon Sellers" are not Amazon. So if you buy something with a 10 year warranty. Like let's say a $200 power supply for a PC. The warranty is not honored, because they are not authorized sellers. Amazon is an authorized seller most of the time. But a third party on Amazon is not! Keep this in mind when you shop for anything expensive.
Let me translate exactly what he said. You are essentially paying for The product to be sold at Amazon in your name. You are also paying Amazon real estate fees to house your product and to sell it in their platform. It's no different than a big box store
They’re not doing anything proprietary. That’s how many selling platforms operate. Amazon also ships so it’s a bit different than ebay, for example, but both platforms rely on sellers as much as buyers
@@noobovsky420 the middle man is a dealer. Whether people look at prices or not is the customers problem. Suppliers typically only offer dealers wholesale prices whereas the general public get retail prices. This video could’ve been summed up in a sentence.
Amazon is the middle man. He has the product, you go to Amazon, and you get the product. He's highlighting how Amazon is screwing you, and just explaining how he's profiting from it.
Aren’t most mainstream brands sold exclusively or only by Amazon only? You also have strict guidelines on what pricing you’re allowed to use with these brands, so Amazon will always appear above your listing
That’s a data extraction company. And he knew that’s what it was when he started it. It just started with books, where they make the most money is selling your data to other corporations and the government.
Amazon is not cheaper..BUT..me leaving home..paying for a train/bus or driving using petrol to find parking on a red route highstreet or pay meter/carpark?..makes amazon worth it
“I already had, like money, in my account, you can’t see it though cause it lives in Canada and I go up there on the weekends to hang out with it and when I see all my money I say ‘wow! That’s a whole lot of money from drop shipping and then having money to make more money on Amazon wholesale money money’ and it was totally money too”
@@ekklesiast not everyone can get a loan and even if you can get a loan you still proved my point you need capital for this business model I’m not stupid
@@drebandx vast majority of Americans are in debt. people get loans all the time, they just use them for the wrong purposes. your point was you can't get capital to start a business. you can, business do that all the time.
@@ekklesiast how you gonna tell me what my point was when im the one who said it make your comment make sense worry about yourself my point was no one mantions you need capital for this business go play with yourself not with me
All of business is middlemen buckle and dimers. The Mercedes at the dealership didn’t cost the dealership the 80k they’re charging you. In most cases, they didn’t even pay the 50k that it costs. They pay after you buy it. This guy at least pays first.
Yeah the only problem with this is now we’re being charged more and more for the basic shit when we shouldn’t so we’re less likely to actually buy it online and instead we’ll just go get it from the store cause it’s cheaper and faster than it used to be on Amazon
Yes everyone is middleman. The supplier will just let you buy from them direct and forget the middleman. Haha who wants to make middlemen rich? Use your heads people.
because the suppliers business model is not selling directly when they need huge sales volume. Its common sense, noobs Btw, I work in this industry so dont try to argue to me lol @@Jotomoz
I worked for a company that functioned under this exact kind of work. It was a cool gig, but I didn’t see any personal growth in the company so I left.
Amazon sux, you order a name brand product but receive a cheap knockoff. The price point is what you'd pay for name brand product. Even books, I ordered a hardcover book but what I got was a cheep knockoff. The photos in the book were photocopied. The pages looked like they had been printed on a copy machine that was running out of ink. Done with Amazon. Walmart is jumping on the band wagon too. These companies grew buy people purchasing there products and now they don't care who rips you off as long as they are getting their cut.
How? Manufacturer can up their price when ever and its usually some mega corp with next to no competition. Pushing new brands would be increasing competition, this is just increasing the price, but then again i never buy anything from amazon so its not major issue.
How is Amazon not a monopoly? This dude isn’t even the middle man..he’s the sub middleman making the products 10x more expensive for the average consumer. He just admitted he makes no effort nor does any legwork aside from ordering things to Amazon warehouses. It’s not technically a scam, but it helps drive inflation up on consumer goods
Nah... Amazon literally sells directly from wholesalers... You can literally see 90% of sales on Amazon are wholesale. It literally makes no sense that most companies would have a random middleman vendor just to lose profit...
Moved from Dallas recently to a strip of beach off the coast of the Gulf of Mexico. There’s one large store that upscales retail to make their economy from tourists, and I’ve found the locals use specifically Amazon for daily needs with their prime accounts. And if you’ve got the time and a little less money you can make a day out of going to Houston or Galveston to pick up large quantities of food for a whole lot cheaper than conveniently down the road.
The key folks is that for this guy to make the leap to a $10k per month wholesale Amazon platform he had to raise (what he states) is $100ks worth of income from drop shipping… which to make that kind of money doing drop shipping he would have had to have $1000s of dollars of purchasing power to sustain that drop shipping venture through lean times. Long story short… privilege needs privilege … money needs money… or at the very least some luck.
We figured this shit out in college when we were ordering books we didn't want to pay full price for. Why pay $200+ at your school's bookstore when you can find it online for $50 and keep it in your personal library? Lol
This is why Amazon will rule the world. People like him think "it's okay as long as I make money." I get it, but it doesn't make it any less stupid. Money is poison.
@@blissseeker4719 think of it like Walmart. They buy things for whole sale price like tv’s and laptops, then sell them to people for a higher price than they paid. The reason they can do that is because the manufacturer doesn’t sell their products one at a time. You have to buy a certain amount. Now, your average person isn’t going to buy 50,000 bottles of Fiji, so Amazon wholesalers buy it in bulk for a lower price and sell it for regular price just like Walmart, convenient stores, and pretty much every store to ever exist. The only difference is Amazon will deliver it to your door, and they have automatic delivery. And automatic delivery will automatically buy something every 2 weeks (or however long you set it for) and have it delivered without the customer actually ordering it
@@blissseeker4719 their profit margins are already so high, spending the time and money on advertising and small shipments isn’t really worth their time when they’re delivering millions of units a day
So, the company is okay adding a middle man (wholesaler) and increase thr cost for the customer, instead of maintaining the inventory themselves? There is no value to have the middleman. You're adding cost for the customer. You're not selling the product. You're not marketing it. Then, why are you there? The business model makes no sense. Something's missing here.
He’s not doing this as simply as he is stating. Trust me. In fact, don’t trust me. Go around to your local warehouses and ask them. You have people doing it for real right in your neighborhood and they will put you on game, some may even pay you hourly to learn the business from within.
This has to be a way for Amazon to make more money by not having to front the money for the product itself but still having it available to be sold (from which they surely profit from as well) in this FBA scheme
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Wish I could make money selling etc
@@lilape4L
You can see this when you make a purchase and the name on your bank statement will say who you paid
So he is the problem.
RESPECT BRO.
It's great when you're already educated on a subject and you see a video like this. Wild camera movements and bright colors and mentions of millions of dollars. With a simplistic delivery that just draws dummies in.
I do Amazon wholesale. After everything was set up and the first batch of products arrived at Amazon's Warehouse I am making 5-6k in sales per month after 3 months of starting. This business is very capital intensive. I also have a team working for me so that's even more money. To grow fast you either need at least 10k of inventory or get lucky with a great product in small amounts.
I would like more information on this please if possible!
10k to start and where house?
@@bdizz1188 To sell on Amazon or Walmart it takes a lot. You have to know which products to buy and hope it sells. Or drop ship on Walmart but hardly any profit margin. I don't think it's a great business but it has the potential to be good. Most people aren't rich from it. It's not my main source of income even after two years of doing it.
Amazon golden days for customers are long over. Just yesterday I bought products in the local store instead. It was 40% cheaper.
EXACTLY. People don't realize they are getting fleeced nowadays. Detergent SO much cheaper at brick and mortar.
Cheaper doesn’t always matter. It’s convenience. 40% is pretty extreme though.
For groceries yes easily cheaper. But for things like crafts and electronics and accessories they have ten times the options and usually same price or cheaper in my experience. Even protein shakes cheaper there than whole foods n GNC
@@Twoyutes74 The thought of ordering detergent from Amazon never crossed my mind , although majority of car parts are far cheaper on Amazon .
Amazon has been flooded by cheap FBA and Dropshipper chines crap that makes it hard to find quality articles. I barely order there anymore.
As an Amazon Wholesale Seller I can say there is a BIG risk with this business model. Amazon just deactivated my seller account with +15k USD because another seller reported me for selling unauthentic products. Since my suppliet, out of confidentiality reasons, didn't want to give me the supply chain documents which amazon required in order to decide the authenticity, I had ZERO chance of getting my account reinstated and my money was stuck in my account for months. Finally I managed to get the funds released, thank god.
With Amazon wholesale you can lose your entire account even if you have done nothing wrong. A competitor can falsley accuse you to eliminate you from the cpmpetition, a customer can say bad thibgs about you because the want free products and refunds, a supplier can lie to you and say they are authorized when they are not, etc. Amazon is extremely customer centered, and there is no mercy for the sellers.
Be sure to consider this before starting with Amazon Wholesale. Don't make my mistakes
Thanks for this. Would you still say it’s worth it?
This happened to me as well, $32k and Amazon is refusing to release it, had to just cut my losses.
@@CreditWithColin 32k! How....why...
@@AK-fr8sy Was selling essential water, monster energy and toilet paper purchased in bulk from wholesalers, got reported many times for being knockoff even though I got direct from wholesaler. Amazon didn't even bother looking at my appeals, like many others too.
Do you think this kid actually does this? Kids are now just doing youtube and talking about acheivments they never had. It's modern televangelism, RUclipsCommerceProselytizing. Imthese people are the new Televangelists, mark my words
This guy is literally just decrbing what stores do😂
But the stores have the physical or duct so that’s the MAJOR difference. They have to pay for the storage and control the shipments of the bulk orders . Other than that the model is the exact same.
it costs 20$ per pallet of goods per month with 21$ of handling fees plus 7$ of wrapping and a 40$ picking fee per month. Then you also be responsible for coordinating shipping, LTL loads on local deliveries can run a minimum of 300$ if the package is large. limiting your shipping power. if you warehouse yourself you need around 60k a month operating revenue to break even
let me guess, you’d rather own a physical store than drop ship or do amazon FBA😂😂.
@@reflectionks you're still paying for the warehousing of the items. You think Amazon is supporting it for free? They're charging you 3x as much to store it as it costs a store with their own warehouses. You're just paying that storage on each item instead of paying to buy/maintain our rent a warehouse.
No he's a genius because he managed to figure out how to do exactly what Amazon intended. People think Amazon came up with these ideas, no, it was this guy. This guy came up with the very concept of profit itself. Pretty amazing.
Never trust a person trying to sell you a business strategy.
I missed the part where he was selling anything? He was just sharing info.
@@lkysvn - stick around long enough, I promise you, there is a catch. Always someone scheming.
@@fluffybunnyzpretty much anything in life you acquire to obtain will result in a catch. You gotta play to win
@@marc2682 somehow I feel like you’ll have a better chance of success if you go to a casino, and that’s not smart either.
Enjoy your day guys!
This is part of his business model, building the social media following to drive sales and also create it's own profit
"I'm a professional Middle man"
Using that logic, Amazon is also a middleman
He's an online shopkeeper.
@@jaykeys1 Amazon provides a unique service and infrastructure
It’s not the only thing he’s middle manning
@@jaykeys1 ah so he's a middle man for the middle man, got ya.
My friend went into wholesale on Amazon. Lost 60K. Now is in debt. People, this guy is the exception not the rule. It’s not as easy as he leads it to be.
what product did your friend buy?
@@austenyates1464 wholesale products. Toilet paper, wipes, deodorant, shit that people are too lazy to go get at a store near them. Him and 4 others took out loans and did it as a team with this “professional company” that manages your store for you. I told them not to do it as I did drop shipping and Amazon in 2016 and it was incredibly hard to turn even a small profit. Took a lot of time. It’s not as instant and easy as these people make it out to be.
absolutely, I've invested in it my self and also 5 figure lost, I am now making a slight profit so hopefully I'd be able to get my money back
That’s why he said to start with drop shipping…
Your friend probably didn’t watch this guy’s content though
Don't forget To mention the storage fees if you don't sell all of your products
Having a store without running costs, so why not. But please be aware that most dropshippers fail as well as the most store owners fail.
I’ve tried dropshipping in the past a couple of times. Never worked for me. It might work for you, but I believe it’s way too saturated now. Those that hopped on the train back then are reaping the rewards of it and those that didn’t missed out.
There’s always opportunity, you just have to understand where the market is going. The benefit of the current day market and customer trends is that there’s always the next hot product, always a new wave of interest, especially with tiktok and other social media apps being to prevalent. Marketing a product has never been so easy, so in turn, selling a product has never been this easy. And it’s only going to get easier, what takes time is finding the right formula
Bro said over half of America has a prime account. That’s incorrect as hell
Provide value. Stop chasing the n3xt thing
I’ve been an Amazon seller for 10 years. I promise you that fiji will not give you a wholesale account if you’re an Amazon seller. If you’re a grocery store, maybe. Gas station, maybe. Amazon seller? No. Big brands hate amazon sellers. Good luck.
Now you see inflation isn't why prices are up, there's just more middleman
Yup, dropshipping was one of my options but soon as I started researching it more I figured I wouldn't be doing a good service to anyone by inflating prices just for the opportunity to sell low ticket items. There's already too many people doing it driving prices up and profits down. I highly doubt the wholesalers give you great deals anyway.
😂 Well played….damn well played!
@@Mikesmeyer88 saturation means its profitable. Iv had that thought raising prices but if u can find deals u can use a fair market price.
Fiji was already going to ship the water, you just took all the risk and filled the paperwork, and everyone else involved made more money.......wow so smart guy.....
Lol dropshipping days are beyond done. Get your own brand. It is way to hard to sell other brands now, if you do. Save money for lawyers to fight Amazon. Most times you can win but don’t let that be your only income stream. Working a crap job just to make it ATM. Messed my own brand because I wanted more money selling other brands. Now I got lawyers and it will be fine but I almost ruined my life because I didn’t stack enough back. Excellent reviews, no issues with customers just another seller making accusations and cost me a crap ton.
@Peter S. So are you making bank drop shipping?
@Peter S. you drop ship name brand items’
And that's the reason you can't be 100% sure that what you're buying is actually what you're buying. One can buy wholesale from legitimate companies and not so legitimate companies.
He forgot to mention the daily charges from Amazon per cubic foot of warehouse space you take up storing all those cases of water while you wait for them to sell. Amazon doesn’t just store your stuff for free lol they charge for every step of the process.
Dropshipping is a much safer business but both are incredibly oversaturated
Yeah, how much does it cost to house it at a fulfillment center. Better hope it sells quickly. You also have to buy in large quantities. So many ppl lose there ass doing this.
Basically amazon is the only fans of the retail world.
Elaborate
You gave a great summary of Fba but its not as easy as you described it. Amazon Fba is very diverse. Your product can be cataloged as #1 top selling because you have high quantities , cheapest price,etc then a day later you can be on page 5. You’re with a pool of millions of products. You also have to make sure your seo skills are top notch with keywords or else you’ll never see the first page
Correct. This is why sometimes companies will not give you the best customer service possible. Especially with overseas companies. You technically bought it from the middle man and any issues with the product aren’t their fault. It’s the middleman’s fault.
Do not do this. Amazon changes rules and fees in the blink of an eye. I tried doing this on a smaller scale and it did not work. You need a TON of money to MAYBE work and for it to work you need to be in the buy box and in most cases be the lowest price which means razor thin profit margins. Small sellers with little to no overhead and auto price adjustments to always be the lowest will kill your profit. Amazon will charge you for storage at their warehouse while you compete with the other chumps on who is the lowest price. Then you will randomly receive emails that certain products cannot be sold anymore and you have to claim it otherwise they will “dump” it. Then you have a higher rate of return from “prime” buyers. I am seller fulfilled and I went from an 8% return rate while do that to less than 1% now.
I only go through Amazon prime I try to never go through the 3rd party sellers. Amazon has great returns and the 3rd party sellers never do and always make it a huge hassle . Many items I got from the 3rd party dealers are not what's advertised.
I’d wager that everything you’ve bought through Amazon prime comes from a 3rd party seller. 58% of Amazon’s revenue comes from 3rd party sellers who have the ability to put their products up for prime shipping
@@iDropPhats whenever I ordered through Prime they accept my refunds if something's broken or there's any type of issue! If It's from a third party seller they tell me they will not refund and I need to speak to the third party seller! So I'd wager that you're wrong! Especially since they just built an Amazon Packing House not far from us about a 2 years ago!
@@roundone7954 To be fair, not all third-party sellers use the FBA model. For those who don’t, it’s much more prevalent for them to not accept refunds, because Amazon is not the one managing that, it’s the third party seller themselves. The FBA model outsources all order and refund fulfillment on the back end to Amazon, so, even though there are third party, sellers using the FBA platform, Amazon still has that control over the level of customer service that its customers receive. That can’t be said about non-FBA sellers. In the case that someone is a 3rd party seller that isn’t using FBA, they take on all of the responsibility of back end fulfillment and customer service themselves, which most of the time is complete bullshit. There’s a massive difference between an FBA verified seller and a normal 3rd party seller on Amazon…
Like what ebay turned into. What a scam ebay became.
Makes sense, less stores, less shelf space, less over stock, 0 employees at least from the producer side. Yet they make all the profit if not more.
So that's why items that are supposed to be in their true packaging come in zip lock bags with parts missing.
Warranties aren't honored with third party sellers. Yeah, the saving on Amazon are gone these days. I also know this was going on, because these "Amazon Sellers" are not Amazon. So if you buy something with a 10 year warranty. Like let's say a $200 power supply for a PC. The warranty is not honored, because they are not authorized sellers. Amazon is an authorized seller most of the time. But a third party on Amazon is not! Keep this in mind when you shop for anything expensive.
"You don't have to spend a dime on ads, it just sells"
I've been using FBA for 7 years, I wish it was that easy lol
But… but…. He snapped his fingers and everything!
@@AlexXanderMarketing so sorry bro
Once I made 100s of thousands in Monopoly money. I went in the Internet and immediately started lying to the public for 30k/yr!
Let me translate exactly what he said. You are essentially paying for The product to be sold at Amazon in your name. You are also paying Amazon real estate fees to house your product and to sell it in their platform. It's no different than a big box store
This is Amazon’s genius way of having employees that aren’t even on their payroll that sell things for them
They’re not doing anything proprietary. That’s how many selling platforms operate. Amazon also ships so it’s a bit different than ebay, for example, but both platforms rely on sellers as much as buyers
@@Nick-ze4fw cool story
FYI... outside of the manufacturers.. everyone flipping products on Amazon are wholesalers.. everyone knows this already..
"Type YES in the chat if you're trying to get scammed!"
How much did you spend to start? What if the product doesn’t sell?
Remember when we used to shop online because it was cheaper 🤣
Ahh middle men. The people in the way just because they can.
yup YOU NEED MONEY. they gurus dont tell you that shit at all. FEES like crazy so you better be buying 20k items per product
Basically.. you’re a dealer and they’re a supplier.
No. He’s a middle man scamming people who are dumb enough to not do any looking into pricing.
@@noobovsky420 the middle man is a dealer. Whether people look at prices or not is the customers problem. Suppliers typically only offer dealers wholesale prices whereas the general public get retail prices. This video could’ve been summed up in a sentence.
Shit like this is why amazon isn't that golden goose anymore. You can buy things cheaper in store again.
"if it was easy, everyone would be doing it". theres a key to dropshipping that no one wants to talk about
whats the key??
and what is it
To dropship from a US warehouse only?
Basically everyone wants to do it, so now it's over saturated.
Like a shortcut, it no longer works when everyone is using it
Wow. This kid just figured out how business works
The down side if your inventory doesn’t sell. You have to pay for shipping cost to your warehouse or pay Amazon to destroy your inventory.
So he’s actually the “ man in the middle “, that every company advertisement tried to get rid of.
He’s driving up costs for everyone
@@libra8993 that’s inaccurate, he’s selling at retail price. Meaning his case of Fiji water would be the same price as ur brick and mortar store.
Amazon is the middle man. He has the product, you go to Amazon, and you get the product. He's highlighting how Amazon is screwing you, and just explaining how he's profiting from it.
@@therandom58 WRONG
@@libra8993 Explain it then. If he is selling his items at the designated retail price, explain how he is then driving prices up.
Aren’t most mainstream brands sold exclusively or only by Amazon only? You also have strict guidelines on what pricing you’re allowed to use with these brands, so Amazon will always appear above your listing
I still remember when Amazon was known as an online bookstore. Now they are an online everything store.
a shitbox basically
That’s a data extraction company. And he knew that’s what it was when he started it. It just started with books, where they make the most money is selling your data to other corporations and the government.
Remember when amazon was in constant debt and never made money for a decade
99% of brands are selling directly on Amazon, why would big companies want a third party?
What I don't understand is why Amazon can't do this themselves? These are name brand products not rebranded items.
And Amazon didn’t pay the taxes you did. They get to write off the shipping, storage, and wages cause it’s your business! 😃
They're essentially a storage unit.
Amazon is not cheaper..BUT..me leaving home..paying for a train/bus or driving using petrol to find parking on a red route highstreet or pay meter/carpark?..makes amazon worth it
Thats a solid thought process! Make the money from dropshipping so you get the experience & have the money in the bank, to do wholesale. I like this!
“I already had, like money, in my account, you can’t see it though cause it lives in Canada and I go up there on the weekends to hang out with it and when I see all my money I say ‘wow! That’s a whole lot of money from drop shipping and then having money to make more money on Amazon wholesale money money’ and it was totally money too”
I like how you clarify you need capital for Amazon selling 🙌 most people try to pretending it get rich quick so they call sell you their tutorials
banks can give you capital. ever heard of loans?
@@ekklesiast not everyone can get a loan and even if you can get a loan you still proved my point you need capital for this business model I’m not stupid
@@drebandx vast majority of Americans are in debt. people get loans all the time, they just use them for the wrong purposes.
your point was you can't get capital to start a business. you can, business do that all the time.
@@ekklesiast how you gonna tell me what my point was when im the one who said it make your comment make sense worry about yourself my point was no one mantions you need capital for this business go play with yourself not with me
Notice nobody ever speaks about the actual information on costs for warehouse storage and shipping.
Woo. Middleman nickle and dimers. What a inspiration.
All of business is middlemen buckle and dimers. The Mercedes at the dealership didn’t cost the dealership the 80k they’re charging you. In most cases, they didn’t even pay the 50k that it costs. They pay after you buy it. This guy at least pays first.
Yeah the only problem with this is now we’re being charged more and more for the basic shit when we shouldn’t so we’re less likely to actually buy it online and instead we’ll just go get it from the store cause it’s cheaper and faster than it used to be on Amazon
This guy just explained why nobody with common sense should buy in Amazon
Yes everyone is middleman. The supplier will just let you buy from them direct and forget the middleman. Haha who wants to make middlemen rich? Use your heads people.
@@Jotomoz they will continue to make everybody rich but themselves, they are to lazy
because the suppliers business model is not selling directly when they need huge sales volume. Its common sense, noobs
Btw, I work in this industry so dont try to argue to me lol @@Jotomoz
Why does Amazon need this guy in their business chain?
I can’t see you reading the script, but I can hear and feel it
Yeah he’s a guru crook
I worked for a company that functioned under this exact kind of work. It was a cool gig, but I didn’t see any personal growth in the company so I left.
i’ve been thinking about drop shipping what’s some good items to start out on
Do your own research. Any advice is gonna saturate a market.
Sell the trends
Amazon sux, you order a name brand product but receive a cheap knockoff. The price point is what you'd pay for name brand product. Even books, I ordered a hardcover book but what I got was a cheep knockoff. The photos in the book were photocopied. The pages looked like they had been printed on a copy machine that was running out of ink. Done with Amazon. Walmart is jumping on the band wagon too. These companies grew buy people purchasing there products and now they don't care who rips you off as long as they are getting their cut.
And thank God for you guys. Definitely keeps the prices competitive.
How? Manufacturer can up their price when ever and its usually some mega corp with next to no competition. Pushing new brands would be increasing competition, this is just increasing the price, but then again i never buy anything from amazon so its not major issue.
Thanks for telling us to stop buying your overpriced items!!😂
I work at a Amazon sorting center. Figi water and Logitech keyboard are like 1/15 packages. We typically sort and ship out 16000 in a 4 hour shift.
Yep same at the Amazon warehouse I work at. Earbuds too
Perfect example to buy products from the source. Thanks.
How is Amazon not a monopoly? This dude isn’t even the middle man..he’s the sub middleman making the products 10x more expensive for the average consumer. He just admitted he makes no effort nor does any legwork aside from ordering things to Amazon warehouses. It’s not technically a scam, but it helps drive inflation up on consumer goods
Thanks for raising the prices🤑
Which interview is this one ?
Nah... Amazon literally sells directly from wholesalers... You can literally see 90% of sales on Amazon are wholesale. It literally makes no sense that most companies would have a random middleman vendor just to lose profit...
I like the part where it pans to his shoulder.
nice
Take a shot every time he says Amazon and see what happen 🥴
😂yeah somebody better take my car keys I’m way to wasted at this point
12
how many middlemen we need? shipping from asia already ups the price of our goods massively..
Cap. Big brands don’t send to Amazon. It goes to you or 3PL first
Incorrect, you have to option to send it directly to Amazon but it comes with storage fees etc.
@@elijahneel8398 that guy thinks he knows everything😭
100k in sales a month, 400 dollars of profit. Knew at least a dozen of dudes with these numbers.
Thankfully, Amazon discloses this info. I never buy from 3rd party sellers.
Moved from Dallas recently to a strip of beach off the coast of the Gulf of Mexico. There’s one large store that upscales retail to make their economy from tourists, and I’ve found the locals use specifically Amazon for daily needs with their prime accounts. And if you’ve got the time and a little less money you can make a day out of going to Houston or Galveston to pick up large quantities of food for a whole lot cheaper than conveniently down the road.
So how exactly do you become a whole seller with name brand companies?
I swear everybody on the Internet think they are business savvy
basically get as much money as you can, then do wholesale
This guys a scam dont trust!
You can tell this guy has ZERO business knowledge
So you're the guy who owes me..Twice I've ordered and never received. 🤨🤨
This guy is a faker
sounds like instead of learning how to fix your problem u end up making the same mistake again😂.
The key folks is that for this guy to make the leap to a $10k per month wholesale Amazon platform he had to raise (what he states) is $100ks worth of income from drop shipping… which to make that kind of money doing drop shipping he would have had to have $1000s of dollars of purchasing power to sustain that drop shipping venture through lean times.
Long story short… privilege needs privilege … money needs money… or at the very least some luck.
We figured this shit out in college when we were ordering books we didn't want to pay full price for. Why pay $200+ at your school's bookstore when you can find it online for $50 and keep it in your personal library? Lol
Not the same lol
This is why Amazon will rule the world. People like him think "it's okay as long as I make money." I get it, but it doesn't make it any less stupid. Money is poison.
Damn bro how does it feel to be useless?
Sounds like a monopoly
I like the part where he can’t sell to retail and has 100k worth of useless items
Sounds like an MLM
Imagine cutting off the only means to self defense a deer has just to get to keep a bigger one's antlers
Racks fall off and regrow annually lol
Buying products on Amazon is really expensive. Nike air forces that Nike sells for $93 right now are $130 on Amazon.
Look bro it's easier said than done and I'm not seeing the money he's talking about. Like the editing good but just look at the guy saying it
Obviously it’s easier said than done. Stop thinking making money is easy because it simply never is easy
@@gripnrip5633 why don't the suppliers sell themselves? Why a middleman that buys cheap from them and sells for profit?
@@blissseeker4719 think of it like Walmart. They buy things for whole sale price like tv’s and laptops, then sell them to people for a higher price than they paid. The reason they can do that is because the manufacturer doesn’t sell their products one at a time. You have to buy a certain amount. Now, your average person isn’t going to buy 50,000 bottles of Fiji, so Amazon wholesalers buy it in bulk for a lower price and sell it for regular price just like Walmart, convenient stores, and pretty much every store to ever exist. The only difference is Amazon will deliver it to your door, and they have automatic delivery. And automatic delivery will automatically buy something every 2 weeks (or however long you set it for) and have it delivered without the customer actually ordering it
@@robertcalifornia3267 in that case why doesn't a wholesale supplier market their own products through a platform to like Amazon themselves?
@@blissseeker4719 their profit margins are already so high, spending the time and money on advertising and small shipments isn’t really worth their time when they’re delivering millions of units a day
So, the company is okay adding a middle man (wholesaler) and increase thr cost for the customer, instead of maintaining the inventory themselves? There is no value to have the middleman. You're adding cost for the customer. You're not selling the product. You're not marketing it. Then, why are you there? The business model makes no sense. Something's missing here.
He’s not doing this as simply as he is stating. Trust me. In fact, don’t trust me. Go around to your local warehouses and ask them. You have people doing it for real right in your neighborhood and they will put you on game, some may even pay you hourly to learn the business from within.
Dudes descrubing walmart lol
This has to be a way for Amazon to make more money by not having to front the money for the product itself but still having it available to be sold (from which they surely profit from as well) in this FBA scheme