what's going on guys Brian here and today I want to talk about my March 2018
expenses how much I made with Amazon FBA and doing my online arbitrage I'm gonna
run you through all the expenses all the backend stuff and really give you an
important important lesson on building products up in FBA so that you can get
that big payout and we're gonna talk about this there's a lot of high
production value in this video coming so stay tuned but we're gonna jump right
through I'm gonna show you some of the expenses cuz literally the number one
question and as I you know pop up my both my business credit card and my
business bank account I'm gonna have to make sure that I block out some of these
you know some of my account numbers and personal information if it is there but
probably the number one question that I get asked across the board as you can
see down here we're starting in March is I can't find great products I can't find
enough great products I can't find whether you know that person spending
has a hundred bucks to invest in products and they think that they can
only find you know 20 great products that they can afford and then flip
online or if they have you know a lot to invest and they can't find enough
products to spend all their money on none of that's true but you just have to
you know you have to understand where to source them from you know how to get
more products and you know understand the the idea of buying a bunch and then
building them up in FBA because there's different receiving times when you send
your products into FBA into the warehouses and and so on and so forth
I'm gonna touch on a lot of that here in a second but I just want to run you
through some examples of stuff that I bought in March of 2018 so you
understand the entire back end of the business model how much I had to pay out
in taxes how much my actual take-home pay was and really what I made I feel
like this is a really valuable way to show you guys you know the back end of
the business because a lot of people don't talk about this stuff they just
say hey I made 10 grand but they're not telling you oh you know they had to pay
X amount of taxes or this what they had to spend on it I'm gonna show you all
that here today so we're starting at the bottom here and you can see March 1st is
when I started spending on my business credit card yeah this is my business
credit card I bought a four dollar profit before ninety four product the
dollar a dollar well I can't speak at the holiday 23 product to 93 199 190 and
then it looks like this probably was a couple of them at 34 27 it could have
been a big product sometimes I do like to buy big products like that if I can
flip them for like a hundred or two but that's more on the rare side the
majority the products that I like to teach and if you guys are interested at
any point during this this uh this I almost have lecture like this was the
course this YouTube video first link in the description is online arbitrage pro
there is through still only three only three claim codes left for the the fifty
percent off so use the coupon code Mary I'll pop that up on the screen that sale
is gonna end on Christmas Day and there is only three claim codes less so if you
want it 50% off you want online arbitrage pro 50% off first link in the
description use the coupon code Mary that's the last time I'm gonna say at
this video because I don't want to be you know spammy or salesy I just kind of
want to show you guys this business model like I said only three claim codes
left alright so that the majority of the products and we'll see here as I flip
through a little bit more of them for $26 for dollar 75358 een eight to one
eighty the majority of the products and as you go you know lower here it's like
one thirty one twenty four 121-125 two dollars sixty five cents the majority
the products that I'm gonna suggest that you buy that I take you through the
entire course is is really in that one two five dollar range and sometimes
you're gonna find products really twenty five cents or 65 cents like this one
right here but you're only spending a dollar or five bucks to make a ten
dollar profit margin back on your investment because every product that I
suggest that you buy and are running through countless examples of this and
how that you know basically source products that with a ten dollar profit
margin at least you know so if you have a hundred bucks to spend because another
question I get asked all the time is what do I need to spend or what do i
what do I have to have initially to invest into this this business model and
my answer is always anything you can start with twenty bucks you can start
with two grand you can start with fifty bucks you can start with five grand it's
a return on your investment business so hypothetically if you were to buy this
two dollar product with a profit margin of at least ten bucks let's say
hypothetically I had the profit margin of thirteen bucks well then you're
obviously gonna make that 13 bucks back now that is before shipping and before
fees but the shipping is kind of negated the way that I teach it because you ship
a bunch of products in at once so the shipping might be like 10 cents a
product it's practically irrelevant and obviously there's gonna be FBA fees on
that so maybe maybe you're losing another four bucks to five bucks
potentially depending on Radhika's differs product to product so
that's still like a margin of eight to nine bucks on that product that you're
making and you're only spending two dollars to get that now like I said
people say this all the time they can't find enough products here's proof that I
buy all these products literally on a day-to-day basis now I'm also gonna take
you through my bank account because I use both of them um it depends on the
month month which one I use more because this is a business credit card and I
opened this one of my credit was bad like a year and a half ago the limit is
only 2500 I checked that on last video because last video I said it was like 3
grand but it's actually only 2500 on this business credit card um I guess I
could file for you know an increased credit limit but I just haven't done
that so sometimes I do use my business bank account because I don't always like
to run this up and I do pay it off twice a month so let's run through this a
little bit here so March 10th 206 180 we got an $8 product an $18 proc this
might have been multiples I might have bought like like a quantity of 5 I don't
always suggest buying fond of these of more than one and the majority of time
you're going to only be buying one you know quantities of one for each product
but it's a $10 profit margin so just imagine if you could buy $20 or $20 20
items a day and if we look at you know March 11th that looks like I bought and
this was a big one right here so 77 94 that might have been a multiple quantity
product or it might have been just a big product that I made a huge return of my
investment from it's hard to it's impossible sakes it's 2018 and you know
it's so long ago but I also did that on my business bank account as well so you
can imagine if you got 20 products a day and a 10 dollar profit margin
well that's $200 profit obviously for the sticklers out there before Amazon
fees so let's assume that it's only $150 profit that's a hundred and fifty
dollars profit a day just sourcing products from online arbitrage right
from your house right from the computer wherever you want to do it so I just
wanted to run you through a couple examples let's go down the list here
March 15 look how many I spend on March 15th just a shitload right here we have
five nineteen five bucks twenty five forty five two bucks one thirty one
twenty two dollars five dollars three dollars one fifty one fifty two twenty
so for the people saying out there that they can't find good products you maybe
just haven't looked enough maybe you're not sourcing from the right websites and
there are 22 courses in my or twenty two courses too
22 websites in my course that you can source products from if you're doing it
right and you have enough to invest obviously if you have 500 to a grand you
can scale up to that 5k to realistically like 10k ish mark if you only have a
grand but if you have 500 bucks if you have if you have 50 bucks you can still
start with that as well it's a return on your investment business so start with
50 flip that and make like 250 300 because it's gonna differ from product
to product like I said before and then use that 300 that 250 to flip it to like
a thousand or 1200 and then use that 1200 or that thousand to flip it to like
five grand it's a return on your investment business and one of the
things and I'm going to show you my expenses and exactly what I made here in
a second this is exactly what Amazon paid me out in March of 2018 two
different payments because they pay you in a two-week period the whole idea
behind this business model before we get a little bit more into it and here's
where the high production value comes from there's three bases the basic
overall business model that I like to teach is you know the majority of time
and I do online arbitrage into many many forms and fashions but the the main one
that I like to do is Amazon to basically FBA and that's basically the business
model in a nutshell is you buy from Amazon right so super high production
value here guys um and it comes to your house or your apartment or wherever and
then you ship it from your house into FBA it's that simple people buy it from
FBA that's the overall business model in a nutshell it's super super simple so
the whole idea here is you're gonna buy from Amazon maybe you made a purchase
and a one day of like five items then maybe the next day you've made the
purchase of twelve items and then finally you know seven of those items
got delivered to your house but then you made another purchase of you know twelve
items again and then you know you know maybe 15 of those total got delivered
your house the next day the whole idea is you want to start building up your
FBI inventory the more you can inventory you can get into FBA the more you're
gonna start to see those reoccurring high grand payouts so if you can get you
know maybe I finally packaged all these up and I sent 22 in well then there's 22
items in FDA that have the potential to sell as soon as they're fulfilled and
fully received so then obviously maybe you want to keep ordering you order five
more let's it's uh
boom-boom-boom so then finally 22 or an inventory but maybe you know let's let's
say maybe you know five of them sold didn't mean to do that what's going on
here maybe five of them sold so now you're left with what 17 left an
inventory but then you order five more then you order you know 20 more then you
order ten more and then maybe 30 of those come to your house so then in the
meantime while when thirty of those came to your house you sold five more in FBA
so then now you're sitting at twelve an FBA totally mess that up
and you sent thirty more in let's erase this so I don't lose you here I'm all
over the place right now like I said guys high production value today so then
you know maybe you send thirty more of those in really fast and you sold five
in the meantime so and then finally you're sitting at 32 in FBA inventory
and let's erase all these and that's the over business overall business model in
a nutshell you're gonna order from Amazon Prime most of the time get it
delivered to your house you're gonna repackage it back up send it an FBA the
whole idea here is to start banking all your inventory in FBA so that when it
sells you're gonna start racking up your seller account money right and then
you're gonna start to see those high recurring payouts and that's exactly
what happened here when I go into my March 2018 payout I got two different
payouts totaling twenty one thousand six hundred and twenty two bucks and eight
cents because a lot of my inventory was in the filming centers and it just
started selling like crazy now I'm also gonna talk about a lot of
different expenses that I had I didn't net all this profit obviously you know
there were FBA fees there were expenses there were cost of goods and that's
something I'm talking about here in a second but that's still a great amount
of money and I took home a good amount of that now let's I just showed you the
for the people that say I don't actually do this and I just teach this here's yet
another month another example of me sourcing a shitload of products from out
on honestly from Amazon right here we got March 15 2023 six dollars for ninety
five fourteen eighteen for fourteen eighty four fifty eight twenty three to
twenty four dollars on March 16th March 7
18th March 17th March 18th March 19th you can see the proofs in the pudding I
sourced from Amazon all the time and I flipped products like that all the time
ideally you're gonna want to do about 10 to 20 a day if you can source a little
bit more you have more to invest then that's you know obviously ideal it's a
return on your investment business now let's hop into the the business bank
account I'll show you even more so 3-1 this is March 1st we have even more from
the business bank account 5351 which is another big purchase 23 24 3 3 2016 59
$9.99 $15.99 247 20 let's move on more from the 1st then into the 2nd then
looks like I skipped a bunch of days and went to the 5th 191 up here we got a 250
a 399 a 225 and all of these products that are low I guarantee you I was
sourcing at least a $10 profit margin so all these are coming to my house which
I'm then repackaging back up and shipping into FBA where they're gonna
sell and make me money and that's the overall business model in a nutshell I
don't want to look how many outsource on three five Jesus I went crazy on 35 a
lot of products and let's see if it keeps going so that's yeah three six
three seven three eight three nine so you guys get the picture I'm not gonna
waste your time by showing all the expenses I just wanted to show a little
bit yeah well a little bit of the proof because a lot of people try to say that
I won't do this or that this is an illegitimate business model and and the
proof is in the pudding guys there's a million people not a million there's
there's maybe you know twelve thousand people I think in my original retail
arbitrage Pro course all very happily the course I'll flash some reviews up on
the screen right now in the top right so you can see you know some of the happy
feedback on top of that there's about sixty people in the online arbitrage Pro
course right now and like I said guys Mary coupon code Mary there's only three
claim codes left to get at 50% off first link in the description but it's super
super easy and anybody can do it I'm not the only one that does that I teach
people to do it on a day to day basis let's talk about the numbers here in a
second so I got two payouts in and I wrote them down just make sure let me
make sure that these are right we go 129 for the payout 869 55 and 7800 instead
me too that should be 72 72 all right there we go so we have 21 620 1622 bucks
and 8 cents is the two payments total the Amazon paid me out in March 2018
then for commissions and fees that could be anything along the lines these are
expenses guys so I want to talk about the backend of the business model and if
I scoot over a little bit you can see up here I plan on actually creating because
I got a lot of questions on it I plan on creating you know my whole overview of
how I approach this because a lot of people were asking how do you set up the
business bank account how do you make sure that you take out enough for taxes
I plan on talking about that in a couple of days I just haven't got around to it
I want to show you yet another expense video but I will make that video as you
see on the whiteboard behind me we'll talk a little bit more about that but so
I some of my expenses consist of commissions and fees and this is a
template and you know basically it kind of just the ducks and and tallies up and
I give this away at the end of my course for people that are getting into it that
could be like jungle Scouts Chrome extension that could be like you know
literally anything like that software wise that I use for my business it could
also be like you know potential prep centers if you're for contract labor now
I didn't use a prep Center and anybody can do this from anywhere in the in the
entire world if you want to use a prep Center you just simply ordered if the
prep center instead of your house so that would become Amazon and we'll take
house out and we'll write prep center so you just order to a prep center instead
and they're gonna do all of it for you for about 50 cents to a dollar fee per
item so it takes a little bit of your profit margin but it saves you a bunch
of time and you can do it from anywhere in the world and you can still make a
great profit doing it to a prep center so Amazon to a prep Center to FBA same
overall business model now contract labor was a big one I had a lot a lot a
lot of products in FBA and so I didn't I actually was the one that packaged and
resent them back into March but I didn't manage any my listing so I didn't drop
any the price I didn't make sure that I had the buy box on any of the listings I
hired somebody I might have done at the beginning of March but I traveled a lot
of March and I was I think I was moving at the end of February in the beginning
of March so I literally didn't have time to do any of this I simply hired a VA to
manage my listings for me that's the 869 55 ended up being and then I
obviously I saw I was making good money so I think I expensed a bunch of office
things I think I got like a desk I got like a new chair I bought well I
think I'm on a laptop too which is this laptop that I'm talking to you right
here on so I obviously use you know my laptop over there for my e-commerce most
of the time and my home computer but this laptop Amazon paid for and so that
those are the overall main expenses which came to two thousand seven hundred
thirty six dollars and ninety three cents for a grand total net income wise
of eighteen thousand eight hundred and eighty five dollars and fifteen cents so
that's what that's what I made before or that's what I made after the expenses
now you have to talk and factor in your cost of goods now I did lie to you guys
I said that I spent over eight thousand in the last expense video I thought that
for whatever reason I tallied it up and could have sworn that it was like eight
thousand one hundred but i retaliate it up just to make sure that I had it all
right for this video and it is actually only seven thousand eight hundred
seventy two dollars and forty-one cents so it's it's pretty close to eight
thousand that I spent but it didn't go over eight thousand like I said in the
last video so if you factor all that in let's see what I have to pay taxes on
because a lot of people and this is the number one mistake that I see
entrepreneurs making especially with this business model but really with any
business model and this is backers into this business bank account and the taxes
that we're going to talk about next in one of the lecture and one of the
lectures I'm so set on like creating courses that I'm talking about lectures
here and one of the next YouTube videos so let's see what I have to pay taxes on
what might take home money is because I didn't make twenty one hundred I didn't
make twenty one thousand six hundred and sixty two dollars or sixty six hundred
twenty two dollars and eight cents i expense a lot of this so I didn't net
that I didn't even make eight thousand eighteen thousand eight hundred and
eighty five dollars and fifteen cents because I spent seven thousand eight
hundred twenty two dollars and forty-one cents on products to make that so let's
see what I made and let's see let's see what I can actually keep because I have
to pay taxes on that so if we factor all this in eighteen thousand eight hundred
and eighty five dollars and fifteen cents - let's make sure I have that
right yeah and fifteen cents you have - seven thousand eight hundred seventy two
dollars and forty-one cents for a grand total of what I actually
made but I don't get to take this home guys remember that eleven thousand and
twelve dollars and 74 cents is what I made on Amazon after expenses and after
the cost of goods so that's what I made eleven thousand twelve dollars and 74
cents pre-tax cuz this is important lesson you have to pay taxes on that so
whether you want to set up a business magnet counted the Ducks 30 percent
automatically for your taxes we're gonna take a conservative estimate and assume
that you know because it depends from state to state depends from person to
person and different business situation to business situation um and also guys
you don't have to spend eight hundred sixty nine dollars on contract labor you
don't have to drop seventeen hundred on office expenses so you can net more
money if you're smart with it you don't expense that much and obviously you know
seven thousand eight hundred bucks is a lot for your cost of goods but this just
shows you my experience so you get a better feel for the business model and
if you guys like this video to please hit the like button and I plan on going
into April May June July so you can see different expenses and different
examples that I'm using to spend on my business to make more money so let's
take 40% of that out of that eleven thousand twelve dollars and seventy four
cents to make sure that you know what I actually got to take home after taxes
now forty percent is kind of what I'm a conservative end you know sometimes it's
lower and it might even be higher but I'm just gonna assume that I only took
sixty percent of that home so let's multiply that by point six and that
means that I only took home so after taxes I had to pay out a portion of that
in taxes that I made obviously six thousand six hundred and seven dollars
in sixty four cents is my take-home money so still pretty good you know
pretty good penny but I did have to spend seven thousand eight hundred
seventy two dollars to make that initially which is obviously an expense
that you expense from your your overall margin but that's a little bit beyond
the scope of this video so I want to give you guys an overview of the entire
business model I want me to give you a back-end overview of the business model
like I said if you have any questions drop them in the comment section I would
love to answer them for you I plan on going over the actual bank account set
up and how you kind of automate this so you'll have to
worry about it but if you guys want this business template I also give this away
in my course so if any of you are in the course just simply email me and ask for
it if you haven't seen the last lecture that I added on but that's basically you
know what what the backend of the business is that's how much I spent
that's how much I spent on cost of goods these were the other expenses and that's
when Amazon paid me out for that grand total of whatever it was six thousand
six hundred and seven bucks and sixty-four cents and so if you guys want
to do this if you want to learn how to make five to ten grand doing online
arbitrage just like I'm showing you with this business model right here right
from your computer then first link in the description online arbitrage pro
there's only three coupon code three coupon claim codes left at this when I
was starting this lecture I didn't check this morning but at the time of last
night I think at like 11 o'clock there was still three left so I believe that
there's still three left but I'm not 100% sure how many there are left if
there's those three are claimed that's it that's it those are the last claim
code so go ahead take action now guys I'm telling you I'm telling you I'm
telling you there's a lot of money to be made and I honestly cannot buy all the
products so hope you guys like this lecture remember to give it a thumbs up
and I'll see you in the next one so let me
taking that crown from you break it on
taking that crown from you


Không có nhận xét nào:
Đăng nhận xét