I tried Amazon FBA for two weeks and made......
Ойын-сауық
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Hello Hello Hello! Welcome to my channel!
Like I said in the video, I'm getting fed up with people on KZread offering finance advice, expecting us to be able to follow when they don't give us the steps, they show us their profit but don't show us how they go there!
At First Hand Finances we're going to do everything FIRST HAND with NO BULLSH*T! It's simple we're going to try out every possible get rich quick scheme online, from stocks to dropshipping we're giving everything a go and creating our own guides for people to follow in the future.
I'm going to make mistakes so you don't have to!
If you need to get in touch drop me a DM over on Twitter!
Links :
/ financeshand
firsthandfinances.com
Music : www.bensound.com
Пікірлер: 246
Hands down the most real video I have seen on Amazon FBA. I love the transparency showing the actual products you have tested and tried, also the fact not a single time did you promote a software or a course. You’re doing something right, keep doing it and don’t become like the other guys.
@FirstHandFinances
Жыл бұрын
Thanks man I really appreciate it :)
@tomadamson3478
Жыл бұрын
Exactly this guy is amazing, I was about to skip it but I found it great saved this video
@davidlinneyphotography5046
Жыл бұрын
Just started fba and I’m gated for toys ..and all new sellers are? Great video btw.. just wondered how you got past that hurdle?
@FirstHandFinances
Жыл бұрын
I’m still gated in Toys too, it’ll just be some random toys that are not gated, so it can be a bit hard at first to find products you can sell
@stronghold8266
Жыл бұрын
Easy there
Loved this mate, there’s a lot of these videos on KZread, yours was really down to earth and honest thank you for this
An Information packed video from a top lad! i appreciate the in depth explanation of everything you’ve done and you have a new subscriber! keep up the great work mate
Absolutely brilliant video. I've been flirting with FBA for a while, just fancy making a bit of pocket money each month and this video genuinely has made me go for it. It definitely looks like it feels a lot more daunting than it actually is! Thank you for taking the time to make this and honestly set it all out. Much appreciated!
@FirstHandFinances
Жыл бұрын
Enjoy! It can be a bit overwhelming at first but after you've sent the products off and get into the swing of it it's easy :)
@ricks703
11 ай бұрын
Would you help someone by walking/talking them through email or something to help teach start up?
Thank you for this video, and I graciously appreciate your transparency!
Just tracking the expenses alone has been eating me alive, seeing your excel sheet inspired me, and now I am feeling a lot more confident about this!
One of the best, honest accounts I've seen with all costs included. Looking forward to seeing more 👍🏻🙂
@FirstHandFinances
Жыл бұрын
Thank you! I’m looking forward to making more
I like this tutorial. Straight to the point and simple 👏🏾
@FirstHandFinances
Жыл бұрын
Thanks :)
Great content, great transparency on the products you have purchased. I would be interested you doing a video on the process of printing labels and sending it to Amazon. :) looking to start a FBA account myself but just in research mode at the moment. Thank you
First Video that's actually been helpful nice work
yeah definitely would like a more indepth full process from finding the product towards the final sale. earned a sub
Great and genuine video. Thank you so much.
Excellent Video and Superb effort. Looking forward to updates
Thank you so much this is really helpful
I would def love a breakdown on how you did everything step by step to help out. Thank you for all this
@avadayoffwillyou3468
Жыл бұрын
Me too!
Great video mate!
Nice video mate. Nice to see real results 👍🏻
Good video man, would love to see the whole process from finding a product, sending it to Amazon and etc.
Interesting video, never interested me to try it myself so definitely interesting to have a look at it without spending a penny :)
Amazing video, really glad I came across this, would love to see more videos
@FirstHandFinances
Жыл бұрын
Thank you :)
Great video and information man! I would definitely like to see more of what you had to do to first getting started
@FirstHandFinances
Жыл бұрын
Thank you :) no worries I’ll definitely make a video on getting started!
@skybassofficial3224
Жыл бұрын
@@FirstHandFinances looking forward to it and subbed ;) keep up the good work 👍
Love the video bro helped me out a lot can you get us a video on the packaging and stuff you was talking about? Nice one😎
Great video. You seem like a genuine person compared to some other FBA KZreadrs.
@FirstHandFinances
Жыл бұрын
Thanks :)
Just found your channel, excellent video used to sell on amazon years ago just getting back into it, really helpful video, you def earned a sub, keep up the great work
@hawkinsemporium
Жыл бұрын
@whatsappmenow3427 get lost
@FirstHandFinances
Жыл бұрын
Nice! Thank you, you probably know more than me ahah!
You are amazing bro, because you are showing real niche ❤️❤️
Love that you are in the beginning of your journey, and that you are sharing things all the other sellers are being secretive about.. the sums of money you are operating with is closer to what I will be looking at.. My one question is: Why is it free to send your items to the Amazon warehouse? I live in Norway, and I’m pretty sure that excludes me from the arbitrage part of the Amazon game:o
Thank you! ❤
This is a very informative video. It’s much better than on tik tok when they sell it as a get rich quick scheme, it really does depend on how you research and find products and not just a money printer
@FirstHandFinances
Жыл бұрын
Glad you enjoyed it :) I'll try make a step-by-step video to show the full process
Thank you for this brotha
Thats what's up bro 💪 thanks for the info.
Good video man! I knew most of the information however I agree with the other comments, you aren't pushing products/services down your viewers throats, appreciate people like you Sir. +1 Subscriber xD
@FirstHandFinances
Жыл бұрын
Thank you :)
This was great, Ive been going back and forth this is going to make me take the jump
@FirstHandFinances
Жыл бұрын
It’s definitely worth a try, I’ve loved it so far
@Kpchow-jw4lg
Жыл бұрын
@@FirstHandFinances Did you make that spreadsheet yourself or did you find it somewhere?
Great video and I agree with other comments, very honest and transparent! Thanks. Have you had any issues with getting ugated? What additional supplies have you purchased for packing and shipping to Amazon? Keep up the great content. Thanks
Great video! I need to find the US equivalent of homebargains haha. I would enjoy watching a video of you picking your products to sell. It's easy to find what is 'profitable' by crunching numbers but how do you decide what you think will actually sell on Amazon's marketplace?
Hi mate I'm new to the channel. That was a really informative and brilliant video, thank you. I have wanted to do Amazon FBA but not had the confidence to go ahead. After watching your video I think I will give it a try. I would definitely be interested in knowing more about the rest of the process.
@FirstHandFinances
Жыл бұрын
Hey man, glad to have you onboard! I’ll be making more videos on it soon, hopefully we can all learn how to do it together :)
@canoestheone570
Жыл бұрын
@@FirstHandFinances definitely mate!
Love to learn more
Great video as always! Would definitely be interested in the application process and tips on how to get accepted, especially with the video interview steps which most other creator talks about (from what I've seen)
@winb_
Жыл бұрын
Also would be interested in a "Whole selling process" video of course
@FirstHandFinances
Жыл бұрын
I’ll get making the videos :) it’s all fresh in my mind too so hopefully haven’t forgotten too much
@robinandned3151
Жыл бұрын
@@FirstHandFinances be careful. its seriously not worth it
@Pete_M73
Жыл бұрын
@@robinandned3151 Would you care to explain?
@RolandDeschain1
Жыл бұрын
When I got my account the video portion was just a Skype call where the person on the other end gets you to show them your driver's license or some form of photo ID. It's very quick and painless. You just need to have Skype and a webcam.
Haven't watched video but i can smell a really good one, keep up the content man
@FirstHandFinances
Жыл бұрын
Thanks I really appreciate it :)
Loved this video defo interested in following vids
@FirstHandFinances
Жыл бұрын
Thanks man :) more vids are on the way
Awesome vid bro, I want to get into this soon once my current situation is more stable financially
@FirstHandFinances
Жыл бұрын
I’m going to try do a challenge in a few weeks where I try it with just £10, so might be one worth looking out for :)
Excellent video!
@FirstHandFinances
Жыл бұрын
Thank you :)
Great video subscribed
I have just started on Amazon. I was totally confused on which side to go, where to start. I was thinking about quitting. Have been watching a ton of videos. They where like I made a million in 2 days come pay for my class BLA BLA... But you are the one who explained very clearly for beginners like me. Thank you very much. I am going to try for a while. All the best for you.
@FirstHandFinances
Жыл бұрын
Good luck! Glad you enjoyed, I’m going to make a step by step video soon so hopefully that’ll help too
@AmazingStoryDewd
Жыл бұрын
Lol who have you been watching. The one's Ive watched never made any outrageous claims like that. While some promoted a course the information they gave for free was still very valid.
@josephdaniel2097
Жыл бұрын
@James Roscoe a lot of them if not all just want to make money out of people selling dream that never gonna happen. It's all bullshit.
@destina3898
Жыл бұрын
Are you seeing progress?
I never like videos. But I liked this, the most realist guy on here. Top man
@FirstHandFinances
Жыл бұрын
Thanks I really appreciate it :)
Thank you for the excellent vid mate! Quick Question re Vat. In this vid, you said we didn’t have to pay VAT whilst showing the Amazon calculator however Amazon still charge you tax on their Fulfilment / Selling costs. I’m assuming this will be something we have to pay? Many thanks in advance
Yes please, complete video of everything to do with Amazon please
@FirstHandFinances
Жыл бұрын
Happily - they're on the way :)
A video on the application process would be great!
@FirstHandFinances
Жыл бұрын
No problem I’ll get onto that next :)
Loved it, I have started and am pretty much doing the same as you have. Where did you get that spreadsheet from to track finances etc?
Nice video mate ! For FBA Wholesale/Arbitrage need to have an LTD like for Private Label as well right ? In the Amazon Seller account need to put Independent for wholesallers ? in the buy box if are many competitors is bad or good ? What about any patent or certification issues ? Cheers
very good video
Definitely would like a step by step video
@FirstHandFinances
Жыл бұрын
I’ll get on it :)
Nate, your tutorial is great and informative but just like the taglines, it made for beginners only. I noticed all the KZreadrs are keeping the real methods to themselves. I understood that after reading an eBook. No body is talking on how to outrank competitor listings (Which is the most important thing), how to bring traffic outside AMZ, how to do proper off page SEO etc etc. One more thing I noticed is that lots of people are claiming that Amazon fba became saturated, the reason they claim it is because they do not want you to take a piece of the cake. I started two years ago and already crossed 130k\month. However, I do suggest to add more videos with more value instead of just the basic things that seen here on YT over and over again.
@riskyjake9416
Жыл бұрын
What would you recommend I read to understand more in depth about starting an amazon seller account?
this is some great content. doesn't feel like you want to market some scam guru class to us either
@FirstHandFinances
Жыл бұрын
Thanks :)
Great video. I am about to do my first launch. I am trying to account for every thing. I know that the first round seldom goes to plan, but we'll see...Thanks again.
@FirstHandFinances
Жыл бұрын
Good luck! :)
@bmoneybby
Жыл бұрын
Hey, how'd it go?
@hv9356
Жыл бұрын
@@bmoneybby I just got my merch from China last week. So 2-1/2 months I waited. Sending to Amazon next week. I'd like to find a domestic supplier next time...
@bmoneybby
Жыл бұрын
@@hv9356 Dayumm
Great info and very real, can I ask the Amazon revenue calculator is that only available if your a registered seller? 😊
Appreciate you boss 🫡
Thank you for this! Did you send the items to an Amazon warehouse? Was it easy to do this?
good feedback on this video made it very understandable. cheers! any chance of a video on shipping product etc
@FirstHandFinances
Жыл бұрын
Video tonight includes shipping :)
@Jameshoggarth
Жыл бұрын
@@FirstHandFinances Top man ! 💪🏻
That's a great, and honest video. Are you going to get involved with (say) SellerAmp and Keepa? Thank you.
Could you explain the inbound transportation fee on 16:50? Did you say you used UPS? Why and how was it free to send in your product to them?
Please make step to step guide mate, enjoy your videos 🙌
@FirstHandFinances
Жыл бұрын
Just had one go up :)
What an amazing detailed and straight up video. Any way you'd share your spread sheet?
@FirstHandFinances
Жыл бұрын
Yep it's on my website on the spreadsheet section :)
Would be nice to see you do Retail Arbitrage in stores. I did about 6 hours of it this week and found 0 products to sell. Because RA is much more work than OA, the profits need to be much higher to make it worthwhile. I was gated in any profitable products, or they just weren't a good enough deal. Hopefully you do better.
@FirstHandFinances
Жыл бұрын
No problem - I'm going to the shop in about an hour to get some footage :)
@markspiers4992
Жыл бұрын
@@FirstHandFinances thank you mate. Just make it genuine. Not one of those videos where they walk in and find £500 worth of profit like it's easy. Hopefully you have a good day. I'd never to able to go at the weekend it's too busy!
When you sign up for an Amazon Seller account, it asks if you are a business or a sole trader/Individual, if you sign up as an individual, do you get to have a shop name? Or is your shop name that the public see when they shop, the same as your real name. So if you signed up as Fred Smith, your shop name is Fred Smith, or do you have an option to have a shop name, for example, Star Bargains, or Blue Sky Deals, etc.
Can you tell me what app you use to scan the products in Costco for example. Thanks Jamie
Where is your inventory stored at your personal storage or at the Amazon warehouse?
Great video mate. One question... You said gps is free delivery how does that work?
great video very informative. Quick question: was your spreadsheet provided by amazon or did you get the template from somewhere ?
@FirstHandFinances
Жыл бұрын
Thanks! I made the spreadsheet myself, it’s available on my website!
@nousername1806
Жыл бұрын
@@FirstHandFinances thank you mate
I Can’t find any websites to buy from to start. Maybe I just suck at this. I live in the us
Hi what printer did you buy? thanks D
It would be great if we could get a video that shows the whole process. Thanks
@FirstHandFinances
Жыл бұрын
No worries - it's on the way :)
more in depth video would be great to see
@FirstHandFinances
Жыл бұрын
No problem I'm going to have step-by-step videos coming out in the next few weeks
Do you feel like your storefront on Amazon needs to sell items only catered to one specific niche? I noticed that your products seem random as far as category but are ultimately still selling. I appreciate your informative and realistic explanation on how it all truly works!
@FirstHandFinances
Жыл бұрын
I don't think it'll matter too much while just re-selling from other stores but I think if you make your own product then it would be better to find a niche
Do you ever work with brands directly or do you go to these wholesalers every time?
Step by step video please
As this is earnings I take it you going be paying tax on what you are selling so have to keep records and submit them ?
So how do you send it to Amazon ? Do they send you a postage label or something
could you tell us how we record sales for the tax man? accounting profit/loss is by far the hardest part of business
How do I make it so I can see all the details at the bottom on the revenue calculator?
How much money would be necessary to get started?
I’m super interested in this! Do you offer any help?
Great video! Just wondering how your sorting out taxes? Most of the videos on KZread are Americans and say they don't have to pay tax but UK sellers do and not much more information is given on that. What is your knowledge? Thanks :)
@FirstHandFinances
Жыл бұрын
At the moment I'm just keeping track of everything I sell and buy, in the UK you don't have to declare for tax purposes until you've generated over £1,000. So when I get closer to that I'll start looking into it more :) but just keep track of everything and you should be fine when you need to start doing tax documents
please make video how to list products for amazon fba
@FirstHandFinances
Жыл бұрын
No problem! I’m going to do a step by step video soon
so how did you get approved to sell in that category, im sure amazon will not aacept receipts from home bargains to get ungated in that category, nor will they accept them as proof of purchase. but im guessing things have changed since posting this video.
Thanks for the information. Why don't you sell bigger things or things that will scale higher? from my point I can't see it's value for selling cheaper products. It's not a lot of money sorry that's my opinion. I think the margins need to be bigger, but hats off for you for trying 🙂
@FirstHandFinances
Жыл бұрын
Thanks :) at the moment I just don’t have a big enough budget for bigger items, but I’m slowly working towards it
could you maybe make a video/clip explaining your excel sheet?
@FirstHandFinances
Жыл бұрын
I'm going to make some changes over it in the next few weeks to make it more user friendly - I'll get a video made once it's a bit cleaner :)
i am looking to set up a amazon seller account and im wanting to do retail arbitrage but i dont know which account to choose and if i need to make a bussiness account or not, anyone got any suggestions
Hi mate, did you produce that cost spreadsheet yourself?
@FirstHandFinances
Жыл бұрын
I did! It's on my website for download :)
hi, your video is very good, I was wondering if the FBA spreadsheet you have made is available to download? as this would be a big help as I am not a wizard on them haha. thanks
@FirstHandFinances
Жыл бұрын
Thank you :) and no problem I’ll tidy it up a little bit and I’ll upload it onto my website in the spreadsheet section!
@ethanchurchill7761
Жыл бұрын
@@FirstHandFinances okay sweet thank you, when will this be available?
@FirstHandFinances
Жыл бұрын
I’ll try get it sorted for tomorrow :)
@ethanchurchill3000
Жыл бұрын
@@FirstHandFinances thank you so much
When you speak of the VAT allowance for companies, does this mean you have to register as a company outside of Amazon?
@FirstHandFinances
Жыл бұрын
Yes you'll have to register a company, but you can do this when setting up a business account with most banks, it's not as complicated as you may think
how come it did cost you to ship that item through ups
Hello mate, how do you send the items to Amazon did you say UPS how much does this cost and did you take it into account. i am very interested in this and found your video very informative
@FirstHandFinances
Жыл бұрын
I believe there's a promotional offer with UPS so at the moment it hasn't cost me anything to send through them, but even after the offer I think they're still the best value as they have a partnership with Amazon
Hi, I was wondering how long it took you to get verified and accepted as an amazon seller and is there any issues with selling on amazon and not having a registered business? Great video, Thanks
@Dominantredpillwarriors
Жыл бұрын
About 3 days and you don’t need a llc
Honest opinion do you think it’s worth learning this through a mentor by buying there course or is it easy enough to pick up
@FirstHandFinances
Жыл бұрын
I think it's best just to get started and try it out with a small budget, if you start to struggle or lose alot then maybe get a mentor for advice but there's plenty of free online sources and videos you can use
@harryh268
Жыл бұрын
@@FirstHandFinances thank you mate
Why does nobody ever mention that prices go down constantly due to so many sellers. If that 1 product says it'll make you £2.94 by the time youve shipped it to amazon and they've got your stock online (around 2 weeks) there will be 100 other sellers with the same stuff. They all lower prices to win the buy box and you end up selling £5 less just to compete meaning you've made a loss. That's why you use a spreadsheet and not the actual seller accounts page
Hello man! Great video! But have one question I believe you did not address. How did you send your goods to Amazon warehouse and how much did it cost?
@FirstHandFinances
Жыл бұрын
I’ve got a video on the step by step, but I used UPS so it was free to send it to them, and then it’s around £0.02 per month per item to store (depending on item size)
Where you not gated on any of these items? Or did you have to buy 10 and supply an invoice from Home Bargains?
@FirstHandFinances
Жыл бұрын
Thankfully I wasn’t, I don’t have the biggest budget yet so I can’t afford the ten for an invoice so I’ve just been sticking to ungated categories but I have bought one or two small items that I couldn’t sell
@pepsimac
Жыл бұрын
@@FirstHandFinances ah ok. I thought new sellers were gated on most things to start with, that's good to hear you weren't. Look forward to seeing more videos on fba
When I tried to join - it takes me to the page for professional account -and I want the individual account 🙈
what a g
Do you provide the spreadsheet you used in this video at all?
@FirstHandFinances
Жыл бұрын
It’s over on my website :)