3 Mistakes Amazon FBA Sellers Make Keeping Them From Reaching $10K

3 Mistakes Amazon FBA Sellers Make Keeping Them From Reaching $10K



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Like I always say, there are thousands and thousands of amazon fba sellers joining the fba platform each and everyday. Well there are also thousands and thousands of amazon fba sellers failing and quitting each and every day.

Now This is for a ton of different reasons but I will break down three of the biggest mistakes new amazon fba sellers make. Make sure to stay until the end so you can know one of the biggest reasons why new sellers fail, so you don’t make the same mistake.

As always make sure to hit the like button to let me know you’re enjoying the videos on here. And also, let me know what videos you would like to see, and hopefully that will inspire more video ideas.

Reason number one – is they do not know there numbers. Now this is common for a new seller to join the platform and be so eager to get started that they overlook one of biggest components of the business which is, the numbers. If you don’t know your profits every month, your return rate, your losses, then you’re already destined to fail. You need to know your business inside and out if you’re planning on sticking around for the long haul. Like I always say, if you’re just here to make a dollar here and there, that’s all you’ll ever make, is a dollar here and there. So treat this like the business it is and track your numbers. Another extreme case of this, is a new seller not realizing there are amazon fees such as fulfillment fees and referral fees. With all of the information on youtube about amazon fees this should never happen, but sadly it does. So know your numbers from the start, you can get information on this within your seller central account, and you can also use inventory labs to help you out with this. Remember treat this like a business because that’s what it is, not a hobby.

Reason number two – They do not re-invest back into the business. This is crucial, especially in the beginning and if you’re starting with a smaller amount of capital. If you are constantly taking money out of the business then how is it going to grow. If you’re taking your profits out each and every month then you’re business literally has nowhere to go, it will stay exactly the same assuming you have replenishable products and you aren’t pulling more money out than just your profits. You need to re-invest your profits in order to grow the business and then down the road when you are making a good amount of money, start pulling it out if you need to. But not re-investing at all is setting up your business to fail. So re-invest as much as you can so that you can grow this business to 6 or 7 figures as fast as possible.

Reason Number Three – I think this is the killer of dreams right here. False expectations. Everyone that starts wholesale and thinks well I’m going to contact five suppliers, and get too many profitable products to count, is sadly mistaken. If you’re joining amazon fba and think that you’ll make money by not investing time and effort then you’re in for a rude awaking.

The only place where you can get rich overnight is, But this is what a lot of people think. They think they are going to sign up for a seller central account and boom, money is going to start pouring down from the heavens, and it leads to a lot of people quitting because they wanted it to be easy.

Wholesale is a very simple business model, you buy things for less and sell them for more, but simplicity doesn’t mean easy. I wouldn’t say it’s hard, but it does take time, effort, and consistency to make it work. Anyone who’s actively doing wholesale, will tell you the same thing. Just make sure you put in consistent effort every single day and you have nothing to worry about.

Now that you understand how NOT to fail at wholesale, then check out this video right here where I show you step by step how to get into wholesale on amazon.

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Inspired by Adam Fisher, check out his video here:
https://www.youtube.com/watch?v=L3_aEDWV53Y

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8 Thoughts to “3 Mistakes Amazon FBA Sellers Make Keeping Them From Reaching $10K”

  1. Don't forget to LIKE and COMMENT below! 😁😁😁Let Me Know What You Want To See Next 👇🏻

  2. Good insight and informative video. I plan on starting this type of business and I like your simplicity in delivering your message.I got 2 questions and hope you will please help with the answers. When you purchase from these suppliers, do they ship the products to you to be shipped to Amazon personally or they ship it there for you at a cost? and also if they ship the products to Amazon, how do you list them for selling?

  3. bitconneeeeeeeeeeeeeeect!!!!

  4. What's up ML I was just going to shoot your email to ask you what's the holdup on the next video 🤣🤣🤣🤣. Great information as always my question to you is how do we Implement Excel on Amazon FBA business

  5. love ur honest nd value content..

  6. Thank you, sir! As always.. great content.

  7. Can you do a video about inventory lab and how to actually keep track of your profit and losses.?

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