WHAT IT ACTUALLY COSTS to Start Amazon FBA in 2021 - More Than You Think - Amazon FBA Startup Costs
Вставка
- Опубліковано 11 чер 2024
- Here’s a realistic breakdown of what it actually costs to start Amazon FBA in 2020. In this Amazon FBA cost breakdown, we look at various Amazon FBA costs 2021 which will make up the full cost to start fba in 2021. We look at what it actually costs to start Amazon FBA in 2021. If you’re looking to start Amazon FBA with no money or start Amazon FBA with $1000 you may need to re-evaluate your game plan. The number of units and sell price you choose will impact your own cost to start amazon fba and the cost to start an amazon store. The main objective is to answer the question of how much money do you need to start selling on amazon fba in 2021. We tally up the Amazon FBA startup costs in 7 areas for an Amazon FBA total cost estimate depending on your initial order quantity and sell price target.
▶ JOIN THE FormulaFBA WAITLIST: new.officialdanrodgers.com/wa...
// Links
▶ FREE RESOURCES: bit.ly/3r0CupQ
▶ COUPON CODES ON TOOLS: bit.ly/3r0CupQ
▶ MASTER VIDEO: bit.ly/3rKuBoP
▶ WHAT I OFFER: bit.ly/3OyhbGo
// Follow
▶ INSTAGRAM: bit.ly/3wYkOz9 or @officialdanrodgers
▶ FACEBOOK: bit.ly/35RItmY
▶ TWITTER: bit.ly/3LbFMPa or @Dan__Rodgers
▶ UA-cam: bit.ly/2Bp6amp
MENTIONED VIDEOS:
Find Higher Price Products - • How I Find Products th...
Compare Software Tools - • Best Amazon Product Re...
Understand FBA Cash Flow - • Cash Flow for Amazon F...
Learn about GS1 Codes - • How to get GS1 barcode...
MENTIONED SERVICES/TOOLS:
Fetcher - www.fetcher.com/
Xero - www.xero.com/
Quickbooks - quickbooks.intuit.com/#
EcommerceAccountants - www.ecommerceaccountants.co.uk/
👷🏼 SAVE ON TOOLS BELOW:
👌🏼 Get 10% off of Helium 10 every month with (RODGERS10)
👌🏼 Get 50% off the first month of Helium 10 with (RODGERS50)
1) Go here: bit.ly/2nmWLbO
2) Sign up free. Hover over your account icon at the top right. Click “Plan” or “Plan Details.”
3) “Upgrade” to your chosen plan and use your coupon code at the bottom of the “Plan Details” page to get that % off.
(Codes are CAP SENSITIVE and you can ONLY USE ONE.)
👌🏼 Get 15% Off Viral Launch for Life: bit.ly/351zcpX
👌🏼 Get 20% Off the AmazeOwl Product Research Tool with (DR118)
IMPORTANT: This is to be entered on the Amazeowl subscription page at the bottom right where it says "ENTER PROMO CODE", BEFORE you select which subscription you would like.
Steps:
1) amazeowl.com/
2) Download App
3) On Subscription Page, Enter Promo Code
4) Choose Subscription and Pay Voucher discounts:
-Established plan yearly 20% (recommended)
-Growth plan yearly 10%
-Established plan monthly 20%
This video is fitting to the Amazon FBA for beginners 2021 category and covers what it actually costs to start Amazon FBA in 2021. We go through a full Amazon FBA cost breakdown, considering Amazon FBA costs which, together, create the total cost to start fba in 2021. I saw a lot of search terms for start Amazon FBA with no money or, slightly better, start Amazon FBA with $1000 but these are not very realistic. The cost to start amazon fba or, put differently, the cost to start an amazon business is significant and often more than you think. The goal is to answer the question: how much money do you need to start selling on amazon fba in 2021. We add up all the different Amazon FBA startup costs for an Amazon FBA total cost. This will differ depending on your own order quantity and sell price level.
So, what is the cost to start selling on Amazon? How much money to start Amazon FBA? How much to start Amazon business? What’s the cost to start an Amazon business? How much capital to start Amazon FBA? This session covers what it actually costs to start Amazon FBA in 2020. Some have asked how to start Amazon FBA with no money. The answer: You don’t. A better question would be how much money do you need to start amazon fba in 2021. For that, I do have a more informative answer and this video breaks down the cost of starting Amazon FBA.
🟠 Follow us on Instagram @officialdanrodgers
what it the total cost? total investment to start selling on Amazon for beginner?
Every single time I have a question in my mind, I open UA-cam and there's Dan with his new video ... stop reading my mind
hahaha :) Thanks Ali
I'm enjoying your simple breakdown of the processes. Thanks Dan. Excited to get started.
I can listen to u all day! So direct, clean and smooth. Not like other utube who scream their lungs and shout for attention!
Very rare I click a video that delivers on its title.
Great content bro!
Glad to be a subscriber 🙌
Well done Dan. You are a wealth of information and you're doing a great job. Thank you!!
Sharp and precise!! I like it man!!❤
no words for you Dan.. thank you very much for such detailed vids
Thank you for going straight to the point! Very informative and concise
You got it Polina!!
I really like the fact that you like to do things the right way e.g. GS1 - so many UA-camrs suggest to buy from 2nd hand bar code companies etc... which is just cutting corners. Keep up the great content Dan. You share great knowledge and sound advice. Thanks PC
Thanks PC, I know many will want to hear lower numbers but I'd rather lay it all out and be conservative
Thanks for this Dan, very helpful
You are amazing man. Your Video was helpful. Thanks
once again great information DAN. specially i like the way you do that "like the video" thing in-between.
ahahaha thanks omer!!
I swear you and Dan Vass are some of the best teachers out there!
Thanks Dan, this information is great. All the other people coming here make it seem as if you don't need a whole lot of money to do this thing (Sigh). You're the best, great job man.
Hey Sherryllee, appreciate that! It definitely has a cost, there's a new video on this as well, let me find it for you
This one: ua-cam.com/video/68dqevKR3JI/v-deo.html
Thanks Dan. Appreciate the information
Amazing video dan thank you for the value my friend!
My pleasure kaimana, glad this helps 🔥
👍🏻& subbed great video, great explanation! Thanks brotha
excellent .very helpful info .you are the best
Love it! Quick on point
If I search something on Amazon and Dan Rodgers videos appears on that, its 100% sure that He is going to get my click. I really appreciate how much efforts you put into your videos and how easy, you make it for your audience to understand the concepts. Everytime a relevant question/ambiguity pops up in my mind during the video, I get my answer in the next 2-3 minutes.
A BIG THANKS to you. Keep doing what you are doing. Again, I really appreciate your teaching skills. I wish you success and peace!!
Thanks for you disponibility to teach us for free. It is very important for who want start. Success for you!
Thanks a lot bro ❤
I just want to say thank you so much for the information you put out. I did have a question on where to find the bookkeeping form you showed? It was simple and straightforward
Im from South Africa and viewing this in 2021, thank you very much for this video.
Excellent video!
Excellent video. Hats off
thanks man for every thing .till now i havent seen any one that can explain better than you. love you from pakistan haha
U the best brother. M learning alot from ur videos. In the proces to launch my first product. Keep up the gud work..and thanq
Thank you good sir!!
Great video! If you have your heart set on one product you’re hoping to do well. How important is it to have the amazon product research software starting with your first product?
Fantastic , Everything within 12min. great job. Cant wait for your next video. By the way, do you have any mentoring course from choice a product to final selling ? very cheap mentoring one? Thanks
Thank you!
This is what I was looking for
great video.!
Thank you! Great video! Dan, what do you think about ordering a product sample before buying a big batch?
You definitely should be doing that, not only does Dan advises to do this but not ordering a sample is a huge risk
I like your honest approach. One thing I'd personally add is forming an LLC and getting business insurance. That way should your product injure someone they can only sue the business not you personally, otherwise any real assets you own such as your home could wind up with a judgement on them.
Man this video have more info ,than any I saw.
I was super excited to start a store now my mind is just boggled lol. I need more information before jumping in!
Hey Dan , In your membership do you provide product review analysis to have another set of eyes , as well as any one on one consultation in the membership ?
You are a brilliant 🤩
Thank you for your useful info. I've found your own YT channel and do you think all current
info. in your YT channel covers everything for the AMZ fba process or else still ongoing?
Thanks.
Hi Dan,
Interesting video. However, you frogot to add the TAX cost that's matter alot and I think one of the important element under costing to be added.
Hello Mr. Dan .... thanks for you great videos because you explain to us in slow nice way and cover all points. I have one question please. I am from Egypt and non US resident and I will set up ( US Company , for billing method will use my Egyptian bank credit card and For deposit will us business Payoneer account for my US company ). So the Utility bill have to be ( for my home in Egypt or for my US company because I do not have an office in US ) and the banks statement have to be ( For my Egyptian bank or for my company Payoneer account ) thanks in advance.
Well put Content Dan! Quick question? 10 puc from GS1 can i use 10 different products or just the only one I'm buying for?
Thanks
Good question! Each code can be used for a different product. So although you might not need 10, 10 is the minimum but will allow for another 9 products in the future.
Hey there Dan
Anyway we can get an updated version of this?
how do you get product customized if you only buy 300 units and most sellers want you to buy 1000 units?
Hi bro I really appreciate your videos is very helpful, but I have some questions that I hope to answer me as a beginner
1 I just open my new amazon FBA account and I have only 2500 dollars in the budget so it's possible for me to start right now?
2 you know with coronavirus pandemic can I source products now from china easily or not?
3 you can do more videos about listing your first products step by step?
please help I need that, thank you very much for your experience that you share with us in your videos
Very helpfull. did not know we can get our fee back. Hopefully soon I can start to order too. getting more close every day. But still need to save some more money for the investments
He is the best
Dan your the best
Can you explain more about directors loan account and how to start/open one?
what about the cost of a freight forwarder to get the product from where the product is shipped to from the supplier to the amazon warehouse
I am very happy to have a senior guide like you. Kindly send us a download link for the book keeping tamplet, which is shown in the video.
Hi Dan, any updates on this info for this part of 2021 onwards, with all the changes to the shipping costs and chinese manufacturers charging more because of all the current issues? Cheers
Could you please make fba versus fbm?
Where can I please buy best cheapest different packaging materials and preparing thanks!
Hi Dan! I honestly find your videos very useful especially for a newbie like me. Regarding 5:44 about GS1, I have a question. I'm a Canadian who is hoping to sell in Amazon US. Everytime I go to GS1 website, it always sells me GS1 Canada barcodes. Will that be useful for me when I sell in Amazon US? Thanks and more power to your channel!
100% yes and good question, the codes are universal and when listing on Amazon there is a drop down showing all code types, select your one and it works just fine
you are an awesome .
Dan , Thanks you so much for the video .as always informative however I am struggling to agree with shipping cost these days .
I launched 2 products recently and both my products I paid shipping cost almost same as product cost ..they not very heavy and around 0.6 kgs. .
So May be someone one needs to take into account of higher shipping cost in the current scenario
100% Sowjanya, it is much higher than when this video came out, I am working on an updated video!
@@DanRodgers Thank you Dan ..your insight on shipping price would definitely help new sellers as it big % of the total investment ..
I have a question, if I found a product that exist a different presentation and amazon has only another presentation, do I need the gs1 code or can i use the back barcode in the product as well??
Dan, you are amazing. Your channel has helped me a lot. I have a question, what is the difference between using amazon's UPC or GS1 barcode? is amazon's UPC free or do I have to pay for that? is GS1 necessary for FBA?
Awash Amazon does not provide UPCs, you can go with GTIN exemption (NO UPC) but I recommend you use a UPC as the Product ID. You can buy one from GS1, $30 for one.
@@DanRodgers Okay, Thank you Dan
So, I found a product I wanna sell. It has 300 sales/m, over $40, and low competition on amazon, I only saw 3 people selling the product and I have other aesthetic options than them.
I tried to order the product in Ali baba but I have no idea what to do with the shipping. I thought I just order and ship but I’m new to this and they asked me a bunch more questions for shipping.
Do you have a video on that?
brother make any video regarding UAE Market or give your point of view on it! Is It a good time to starting in that region or should wait for COVID-19 Situation?
Muhammad, I am not well versed with the UAE and don't sell there yet, so I can't do a video on it from that perspective but I could do a video on evaluating the UAE market for sure, I will add it to the list.
Regarding CV, I would not put off selling, I actually think it is a great time to start.
Really Nice , Thanks for the tips! Just a question : do you use H10 ? If you use it how do you do track the product? Thanks and i hope you and your family are good
Hey Yas, I do!
I use the product database BLACKBOX to find ideas and then I check those ideas as per this video here:
ua-cam.com/video/b4leu02-dtg/v-deo.html
Often using the XRAY chrome extension
@@DanRodgers Thanks for your reply. So you don t track the products? You just follow the estimations of x Ray? Thanks for your time
@@yasab9032 the market tracker is also useful using your top 5 keywords and top five competitor ASINs but I like doing this manually on Amazon first for sure, get a good feel of the market on the Amazon platform and then you could also use this. I just don't like giving too much of the decision to software, it creates uncertainty.
Dan Rodgers Thanks a lot for your reply
hi there Dan,
why do we need a monthly subscription with an Accountancy Service?
can't we hire someone when it's time for filing year-end accounts and everything?
isn't it cost effective that way, esp. when you are starting out with 2-3 products?
thank you!
A K 100% you can do it that way and it will often be around $300 - $500 once a year. You will just need to keep everything in order so you can give it to them.
Can any one tell me how much cut amazon takes for fulfillment?
Great video however let say an item sells 300 items a day - how are you able to maintain the month if you only purchase 300 items ? I am ready to order my first product but what scares me is I can afford 300- 500 items to start but on average this product sells 297 .... hope this makes sense and you can help me ❤️ thank you
8:57
$4520 for a product with a cost basis of $10 and sale target of $30 to $40
$6370 for a product with a cost basis of $15 and sale target of $45 to $60
How much for a product with a cost basis of $1 and sale target of $10? Is it even worth doing under these conditions?
This might sound like a dumb question but, when i source product, im not physically handling the product right? Im basically finding the product i want to sell then sell on Amazon? And the rest is fulfilled by amazon? Do you have a video on that? Im getting lost in the information. Thanks in advance
I see he hasn't answered so I'll try. 90% of the time you won't ever touch the product. You can have a 3rd party inspect your products to make sure they are in great condition while the product is in China. From there your supplier or you(I recommend the supplier) will ship it to which ever amazon warehouse. Amazon handles everything from there. All the customer service. All the picking and packing. Returns. Blah blah. Your only job is to make sure you're in stock so you don't lose any money.
I recommend checking out Amar B, Kevin Pak, Adam Fisher & Crescent Kao. They break it down really simply.
One question. Why do I need a pro account before making any sales? Can't I just keep it as an individual account and then when the items get to the inventory, switch it to pro?
You could do that, but it creates 'potential' problems when it comes time to switch. You can switch but the ease with which that will happen or how quickly would be my concern. Additionally, because you can often get those fees back later and also get to know a full set of seller central features with the pro account while waiting, I would choose that.
Are we keeping all 300 units at home? Or is this drop shipping
You have to ship it to amazon fba warehouse
forgot to mention - your figures are spot on. Pretty much exactly what I paid (11k)
PC and how much profit you make now?
@@RichHandsome hey Rich - struggling with my first product, running at a loss at the moment. My 2nd product is due into AMZ any time now - so I've put my first product down to a learning experience (a very expensive one at that) but I hope now I'm better prepared for the next product. 3rd product is in the negotiation stages with the supplier ... but hope to have it at AMZ before the end of April. I never expected this journey to be easy - and I'll take the rough with the smooth. I hope you are having better luck. All the best Rich - PC
PC what do you think the main problem was with the first product ?
@@RichHandsome too specific - it was a kit of various items and some of the items narrowed down my potential customers. i think I ran before I could walk. i also spent too much on PPC when I should have been a little more cautious in my spend. although I had professional images taken - I've virtually changed them all since launch. I've now found another photographer for my 2nd product - and the difference is night & day. one last thing - I started off with my price too high - and spend a lot of money on PPC (as mentioned) at this high price. what I should've done is started at break-even and worked my way up slowly, and whilst doing so increased my PPC spend during the process. I had a lot of views but low conversion rate - and if I had the same amount of traffic now I think I would sell more - now that I've changed images, copy etc. having said that - I'm not prepared to plough loads of money back on PPC to see if my theory is correct. I'm just running a couple of low PPC campaigns to keep my toe in the water - but if nothing happens I'll be looking to get shut of my stock before long-term storage fees kick in. Bit of brain dump of what happened - I hope you can make sens of it.
Can we get an update Rich?
how do you get such a low shipping cost
Hey Arian, it's volume-dependent, but with a shoebox type sized item at between 500 - 1,000 units, you can expect to pay between $1 and $2 shipping cost per unit, as a general guide.
Amazon have not refund fee jet :(
Can you discuss Amazon's fees?
Hey J, yes, here's a video on them: ua-cam.com/video/s7008xg0cVo/v-deo.html
@@DanRodgers Thanks Dan! Subbed so I can catch the latest. Thanks again man
does he have a course?
The one dime thing in the description seems to be from another guy?
Hey soppan! I don't have my own course but I help develop the Just One Dime course you see in the description.
@@DanRodgers
Cool 😎
Ill check it Out!
Some of my clients want to start selling on amazon now That it launched in Sweden so looking for a good source to learn and honestly your video was the first and Only One Ive seen But You seem knowledgeable and honest.
@@lindisopaj thank you, I appreciate that!
Yes, awesome on Sweden, I saw that too!
you basically sayin dont fkng start
INERESTING!!
bro dont get so close to your mike your voice is realy bad
Great video!