How a 19-Year-Old Made $100,000 in 6 Months with Amazon FBA
Are you tired of working a nine-to-five job and barely making ends meet? Do you dream of financial independence and being your own boss? Look no further than Amazon FBA. In this article, we will explore the journey of a 19-year-old college student who went from making £1,500 a month to over $100,000 in just six months with Amazon FBA. We will cover everything from product research to finding suppliers, and how you too can achieve success with this business model.
📈 From Zero to 10K: The Beginning
Starting out with Amazon FBA can be daunting, especially when you see others succeeding and wonder how they are finding profitable products. Our 19-year-old entrepreneur, Dev Patel, faced the same challenge. However, he quickly realized that the key to success was putting in the work. Every day, he sourced products and called distributors, even when most of them said no. He made a list of 20-25 distributors to call every day and kept at it until he found the right suppliers.
📊 Product Research: Finding Your Go-To Method
Product research is the backbone of Amazon FBA. Without it, you won't find profitable products to sell. Dev's go-to method for product research is to reverse-engineer a product. He looks at other sellers' listings and finds products with a high number of reviews. From there, he does a Google search and goes down the rabbit hole until he finds a profitable product. He also recommends looking at local suppliers, as they can provide quality products with quantity discounts in the future.
🤝 Building Relationships with Suppliers
Building relationships with suppliers is crucial for success in Amazon FBA. Dev recommends finding local suppliers and establishing a good relationship with them. This way, you can have unlimited products and quality assurance. He also suggests using prep centers to help with packaging and shipping.
💰 Making Money with Amazon FBA
Dev's biggest month so far was in April, where he made $28,000 in revenue with a 30-35% ROI. He has made over $112,500 in the last 12 months, starting with a test product in August. He emphasizes that Amazon FBA is not saturated, and there are still plenty of opportunities to find good products. He advises taking action and putting in the work, even if you don't have a passion for it. Once you make the money, you can go live your passion.
🌟 Highlights
- Amazon FBA can provide financial independence and be your own boss.
- Product research is crucial for success in Amazon FBA.
- Building relationships with suppliers is key to quality assurance and unlimited products.
- Amazon FBA is not saturated, and there are still plenty of opportunities to find good products.
- Take action and put in the work, even if you don't have a passion for it.
❓ FAQ
Q: Is Amazon FBA saturated?
A: No, there are still plenty of opportunities to find good products.
Q: How do I find profitable products?
A: Reverse-engineer a product by looking at other sellers' listings and finding products with a high number of reviews. From there, do a Google search and go down the rabbit hole until you find a profitable product.
Q: How do I build relationships with suppliers?
A: Find local suppliers and establish a good relationship with them. Use prep centers to help with packaging and shipping.
Q: How much money can I make with Amazon FBA?
A: The sky's the limit. Dev made over $112,500 in the last 12 months, starting with a test product in August.
Q: Do I need a passion for Amazon FBA?
A: No, you don't need a passion for it. Once you make the money, you can go live your passion.
🌐 Resources
- Amazon Beginner's Guide: [link](https://www.amazon.com/gp/help/customer/display.html?nodeId=201808430)
