Hey guys Make Money On Amazon In 2021


that we're going to go over these websites where you are going to learn how you could leverage these websites to make a hundred to a thousand dollars a day on amazon and we're starting now hey guys mike fasil here and in today's video we're going to go talk about how to make money with amazon there's so many different ways to make money on amazon and it's not just like your cookie cookie cookie cutter way that you see on YouTube so the first way is really amazon associates you literally just sign up for this it's free and you could recommend anything on amazon and get commissions from it one of the most lucrative ways are just cameras because they're very very expensive things so the more higher price point the product is the more money you could actually go ahead and make a lot of people make a lot of money just on the side promoting and recommending high ticket products like for example cameras and like I said it doesn't necessarily have to be cameras you just look around you have your tv you have strollers if you have a baby you have your baby carriage there's so many ways that if you just

leave a review on amazon or on YouTube with like your free affiliate link on amazon you could go ahead and make money so that is the first way the second way actually is direct publishing or kindle publishing or creating audiobooks now 



I actually have friends that make anywhere from like 10 grand to 20 grand to even 30 grand a month um promoting books that they don't even have to write themselves me on the other hand i ended up writing these books but as you guys can see i don't have to actually create the books

I don't have to ship out the books i don't have to store the books in bulk i could just go ahead and sell my own knowledge on here for free with kindle direct publishing now it doesn't necessarily have to be a book that you write like there's a lot of people that write books kind of like this that they literally find a ghostwriter to do the hard work for them and they turned it into a business

themselves a lot of these books that you see not a lot of the authors themselves actually write them and they get someone else to ghostwrite them for for maybe like 500 bucks i guess for a book but if it does do really well and gets a bunch of sales and that's pure passive income on your part now the craziest thing is i remember when i first moved to chain main Thailand it's a place in Thailand where there's a lot of people that work online ended up leaving you know the up Australia and America to go and live in

I actually met a friend that did really well on this and i found out what books do you actually sell do you actually even write these books yourself and he told me that he writes these style of books where like they're vampire romances or you know like where some type of wolf comes from the mountains and goes and like takes a woman and makes her fall in love it's just like the weirdest of niches but for some reason that's where most of his money was coming from with kindle direct publishing all these like romance style things because when people really enjoy the first book they continually buy more and more and the craziest thing is he's not a writer he's just some British guy that hired somebody else from the

Philippines to do all the writing for him to make the most ridiculous story when it comes to romances and vampires and motorcycles and it's just really interesting a lot of these people are making money and odds are most of these people didn't even actually write the book now the third way is drop shipping so a lot of people what they're actually doing right now is they are going and taking products from other places like for example Walmart or other products like overstock and they go ahead and they just list it on amazon now there is like some things that you have to do a lot of hurdles on i remember when i learned this tactic around 2013 i think and it just blew my mind that

I  never understood why people would actually buy things that are cheaper on Walmart on amazon and it's literally because of the fact that amazon is the marketplace in its own little universe in itself like when you go to amazon you don't really go and shop around you just go there make an order and get your order within a couple of days that's why a lot of people are taking advantage of the amazon brand and realizing wow 

I could actually go and sell other people's products on here meaning it's a very low risk to me the only downside it's very very low profit margins now the fourth way which is what i did back in i think 2012 2013 and that's amazon fad now this is gonna be a lot more higher ticket you're gonna have to have a higher risk like what i did is i ended up buying like 3 thousand to five thousand dollars worth of grill gloves and as you guys can see it's like a dollar to do dollars here it's like a dollar two dollars per pair here and we were flipping them for like 15 to 20 bucks on amazon right here these were kind of like the style of gloves that we were gonna go ahead and sell and these were

actually my competitors back in the day

so it's actually really crazy that

they're still

doing really really well you know they

have 2000 views they're selling it for 17 bucks

but their price is only about two dollars right

so after amazon takes their fees they're

probably keeping anywhere from like five

to ten dollars a pop if you are able to make this happen it is

pretty passive income the only downside

is it's a lot higher risk than you think

um competition comes in when people see

things are doing really really well

they come and take you like for example

i sold these gloves and

i was kind of like the first movers

advantage but then everyone started

selling the exact same damn gloves as me

and it turned into a giant price war

i remember these guys were literally

like the top dogs at the time

and they just like bullied me around they charged

anywhere from like nine dollars to

really beat me from like the reviews

and i was a small person right so i couldn't just give

all of these products away technically

at break even to just buy more because i didn't have the capital

to buy more and more grill gloves and on

top of that it takes anywhere from like

three weeks to even three months to get

these products from china

and then sent over to amazon that's not

also talking about the different

negotiations that you have with the

Chinese because all these are Chinese

manufacturers a lot of them are really

interesting when it comes to

english you speak via skype it's it's

literally negotiation

so even though it says a dollar to three

dollars per piece they're open to negotiation and

another downside is you need to place what is called an mow

which is a minimum order quantity so if

you do not like high risk things

even though this you could get passive

income it's it's still one of the most

high risk things especially if you were

just getting started expect anywhere to

spend two thousand to three thousand

dollars just for the product

and then you have to go and figure out

how to optimize this specific listing

so that it actually can be seen on

amazon you know you have to learn how to write

the right descriptions the right words

that get people to buy and not only that

but the right titles as well as well as

a lot of the search engine optimization

that's a whole nether skill

i wouldn't actually recommend this to

get started with amazon there's a lot less riskier ways

like if you look at the amazon

associates and with this the only

downside with this is it's not as

profitable as some other ways that i'm

going to share with you pretty soon now the fifth one

is starting to learn all these things

but then selling it as a service

there's like this little gold rush where

a lot of people are realizing that it's

very hard to make money with amazon

because of the competition

and because of the barrier of entry like

you need anywhere from like five

thousand to ten thousand dollars to

actually go ahead and succeed with this

i have a friend here in bail that does

really well on amazon and he said mike

the reason why beginners fail at this is because we bully them out

we literally launch anywhere from like

three thousand to ten thousand dollars worth

of money that we use to launch each one of these products

and we expect many of them to fail but

the ones that do succeed are the ones that make up for the losses

the problem with beginners when they

come into this is like i said they don't

have the experience and the knowledge

and the expertise actually grow this

right so a lot of people are doing now

instead is they're leveraging the people

that already have the money

they go to people that want to invest

into certain things into certain assets

or whatnot and they said hey

what if i just build all this for you so instead of you

actually investing your own money you go

up to somebody it's called a high net worth

individual and said hey i'll literally

build your amazon band for you you

literally don't have to do anything

and you just have to upfront the the

capital that's really it

it's a smarter way because you guys got

to realize that when you get started in

online business especially amazon

it doesn't necessarily have to be your

own money why do you think people in

silicon valley raise millions of dollars

they have like a lot of people have the money themselves

to actually go and you know build their projects

the thing about these entrepreneurs

though is they're very smart and they

don't invest their entire life savings into things

that's why they raise capital and that

way they mitigate the risk

by having higher people with more money where

if they lose their money it's a very

very small fraction of their net worth

compared to most people that get started

in amazon they're like oh my god let me

just take my entire life savings

just throw it in there and they mitigate

their risk by turning this into a service

while also getting a percentage of the upside you see

you probably see the ads over and over

again they're like oh we'll build an

amazon store for you

and what that service essentially is is

they're gonna build all this for you

they're gonna charge you ten thousand dollars up front

and they're gonna charge you anywhere

from twenty percent to forty percent of your profits

they're probably wondering well why

would investors actually want that well

they don't have to do anything

and all an investor thinks is okay where can i park my money

where i'm going to get more than 10

return of my investment right

so if could if it could be index funds

or real estate you know

that's that's going to be in their

higher risk class of investments

you don't they don't want to learn all

these things so all you got to do is

literally learn by watching a bunch of free videos

you don't use your own money maybe get a course or two but then

when it comes to investing in products you partner with people

who are already looking to sell on

amazon this is literally what i

could have done back if i decided to stay in amazon

i i was getting anywhere from like 10 to 20 sales a day back in like

i don't know like several years ago and

i was like man this is like too complicated i don't have enough cash flow

to really invest in more but people were

seeing that i was getting 10 to 20 sales

a day with the grill gloves that i was

selling so i had a friend that owned a

bunch of tanning salons and he was like i want to get into amazon

and we were going to make a deal but

then i ended up leaving America to go to Asia and then to

get my entire fantasy so then i never

pulled through but it is a good

opportunity especially if you are

willing to put in the sweat equity

which is pretty well if you're just

getting started in entrepreneurship you

have somebody front the money but it's your time and your sweat equity

and your learning curve that you have to figure out and

make sure that you don't lose that

person's money as well now the six way which is a lot

you know less of a stress thing because

you're technically kind of like an

employee for somebody else

and that's becoming a freelancer for six

seven and eight figure

amazon businesses I'm talking about

existing businesses

now i have a really close friend here in

bail this is his main business he

started off as a freelancer

um really helping out people with amazon businesses

he first started selling on amazon and

he's like oh this is too much I'm just

going to turn this into a service

but the the difference between selling

it as a service to you know well like

people that want to invest money this is

essentially like you're a service

provider for an existing business

so if you can see right here this person

does listing optimization

so he literally helps the seller

somebody who's already selling selling

on amazon create this entire thing

right because the thing about all these

products is there's a businessman behind

it that doesn't want to do all these things

the problem with most people is they

think when they get started in

entrepreneurship they have to do

everything but they don't what you can

do is you can literally

specify specify a certain skill set that you are good at

you could learn it on YouTube right

there's a bunch of free videos

and you could then sell that as a

service this person charges 75

an hour has made over two hundred thousand

dollars and he's from the us this person

is from the uk charges fifty dollars an hour

a hundred thousand dollars earned and

the craziest thing is like i said

you could use this to start you know

maybe if you have a job

start leaving your job just a little bit

start making money online and then you

have like the safety net

where then you can start focusing on you

know different other business ideas

and you can just check it out on

upwork.com and last but not least

this is my favorite because when it

comes to a gold rush

the people that make the most money

aren't the people that find the gold

it's the people that sell the shovels

and that is becoming an affiliate for

courses that actually sell on amazon

you know what you see the entire demand

is a lot of people are going on here and

trying to figure out how to make money on amazon

which means if you really think about it

it's the exact same thing in the gold

rush a lot of people are going to California

same way to find gold a lot of people

are going to amazon

to make money because it's like the

biggest freaking company in the entire world

so what a lot of people are doing is skipping all of this

and just going straight to email

marketing building an

audience on their email list they don't

have to make videos and then promoting

high ticket offers like i remember when

i i built like a small

list of uh emails back in the day even

before i started YouTube right

um and and i remember for some reason we

were running money uh we were running

ads on Facebook ads

and my Facebook ads were just completely

destroyed i was banned from running ads

from Facebook for some weird reason i i

ended up getting it back

but for a couple of months i was scared

because all of my income was just gone

and all i had was a very small email

list and a

a group of people that wanted to learn

how to make money online now the thing

about that at the time is

uh this company started you know

creating high ticket products they were

like five thousand dollars

per course or whatnot right and you can

see kind of like the affiliates

you might notice this guy he has like a

big YouTube channel and all these other

people that also

kind of promoted this product or worked

with them in the past

and what they essentially do is they

teach normal people how to start a

business on amazon

the crazy thing though is this product

is like five thousand dollars

the good news is is they do all of the

selling for you

right so when i was like literally like

all my income was gone

i had this i didn't have any product to

sell but i had the small email list

i just asked them what it is that they

wanted and they're like i want to learn

how to sell on amazon

but me even though i was getting 10 to

20 sales a day on my amazon business in

the past before i stopped it because of

just competition and headache and hassle

i was like you know what i'm not the

expert let me go find and partner with

the expert

and that's when i actually bumped into

these guys and a lot of these people you

know you get half

or i think 40 percent of the the sale

so imagine this i just sent similar like little

like emails to my email list that people

are like oh wow i want in on this

they did all the selling for me by doing

webinars for me by doing video sales

letters for me by doing email marketing for me

on their end and if somebody ended up

buying i would get anywhere from like

two thousand dollars

commission so that first month i only

got five people to buy right i only got five people to buy

but that was ten thousand dollars profit into my pocket

now you got to compare that to how long

it will take you to do ten thousand

dollars profit here

right you have to trade your time for

money so it's essentially a job uh if you look at here

you're you're trading a lot of money up

front so you're literally spending five

thousand dollars of money that you might

not have that you might put it on a credit card

and that's what makes it scary to make

ten thousand dollars

say you sell like 20 products a day

20 products a day at i don't know five

dollars profit so that's what like a

thousand what the hell am i talking

about that's like a hundred dollars a day profit

so that's about like three thousand

dollars profit and you have to get 20 sales a day

okay compared to five sales a month then

you have this the profit margins could

literally be as low as like two percent

right in some cases when i was doing

drop shipping my profit margin

because i was doing it this way from

like Walmart to eBay or Walmart to amazon

it was literally as little as two

percent i may made most of my money from

the travel awards credit cards and the

cash back sites like racketing

where i would get like a two percent for

every single hundred dollars that i would

spend and this it does pretty well i do i have some friends

that do really well this but because the

barrier of entry is very low

the competition comes in so the thing

that people are making the most money

now isn't even from ebooks anymore but it's from audio books

but it was like that several years ago

ebooks was a thing then it turned into paperback books

then that turned into audiobooks but

then as the barrier of entry is very low

more and more people are going to come

in competition comes up same thing that

happened with amazon associates

the problem the most amazing thing with

this is you don't need that big of an

audience you don't need that big of an email

list and this is like just affiliate

marketing in pure essence

you build an audience you then sell a

product that you do not own you do not

have to create you don't have to fulfill

you could be a one-man person

or one woman person you don't have to do

any customer service and you can grow

this pretty damn big

right and this is just one form of

affiliate marketing we even have faster

forms of affiliate marketing if you

check out the free workshop below

where people are going from zero to a

thousand dollars a day with this interesting

little thing that is happening right now

especially during lockdown

as well as if you need to help with uh

doing this yourself with email marketing or building

your own website to start building a

brand if you don't want to be on video

check it out on the link below

love you guys I'll see you guys later