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I Confronted The 19-Year-Old Amazon FBA Millionaire

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I Confronted The 19-Year-Old Amazon FBA Millionaire

Mark Tilbury 08.10.2020 220 487 просмотров 9 313 лайков обн. 18.02.2026

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To get free fractional shares worth up to £100, use the promo code TILBURY or visit https://www.trading212.com/join/TILBURY. Terms apply. *This is an affiliate link. Get a FREE AI-built Shopify store in less than 2 minutes: https://www.buildyourstore.ai/mark-tilbury Get a FREE weekly email from me filled with money tips, and access to my personal inbox: https://www.marktilbury.com/newsletter Welcome to my new series 'The Secret World Of Passive Income Millionaires' in todays episode Jack talks about Amazon FBA. Jack gives an crash course tutorial into Amazon FBA for beginners. We go step by step through concepts like retail arbitrage, product research, private label, amazon fees and whether or not you need a amazon FBA course. ________________________________________________ TIME STAMPS: 0:00 The Mystery Of Amazon FBA 1:19 Amazon FBA Explained 2:19 The Challenge! 2:36 My Concerns With Amazon FBA 4:09 Meet Jack Damz 4:52 Why Jack Won't Work A Normal Job 5:20 How Much Money Jack Makes 5:30 Amazon FBA Starting Cost 6:03 When You Can Quit Your Job 6:42 FBA As A Long Term Business 7:32 Find The Winning With Product Research 8:35 Amazon Fees & Bad Products 10:08 Amazon Stealing Customers 11:55 Buying An Online Course 12:43 Jack's Future FBA Goals 13:49 My Opinion On Amazon FBA ________________________________________________ Disclaimers: This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance doesn’t guarantee future results. Images used throughout the video are for illustrative and educational purposes only, not indicative of past or future performance. Pies & AutoInvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. *Trading 212's terms and fees apply - https://www.trading212.com/terms/invest. Some of the links in this description are affiliate links that I get a commission from. ________________________________________________ GET IN TOUCH: For business inquires only, please use this email: mark@marktilbury.com *Some of the links in this description are affiliate links that I get a commission from*

Оглавление (16 сегментов)

0:00 The Mystery Of Amazon FBA 220 сл.
1:19 Amazon FBA Explained 195 сл.
2:19 The Challenge! 69 сл.
2:36 My Concerns With Amazon FBA 305 сл.
4:09 Meet Jack Damz 146 сл.
4:52 Why Jack Won't Work A Normal Job 121 сл.
5:20 How Much Money Jack Makes 45 сл.
5:30 Amazon FBA Starting Cost 153 сл.
6:03 When You Can Quit Your Job 167 сл.
6:42 FBA As A Long Term Business 199 сл.
7:32 Find The Winning With Product Research 275 сл.
8:35 Amazon Fees & Bad Products 389 сл.
10:08 Amazon Stealing Customers 455 сл.
11:55 Buying An Online Course 190 сл.
12:43 Jack's Future FBA Goals 251 сл.
13:49 My Opinion On Amazon FBA 215 сл.

The Mystery Of Amazon FBA

this circle represents how much money amazon generated last year 232 billion dollars this circle shows how much money was generated by people like you selling on amazon 53. 7 billion dollars this little dot represents the share of the profit you would need to claim in order to become a millionaire when you zoom out it looks like a drop in the ocean but is it actually that easy well if you believe the majority of the online gurus then you would think yes they like to sell you the dream of escaping your nine to five and living on a beach watching the money roll in all by starting something called amazon fba i want to get to the bottom of this is it a legitimate way to make money or are these gurus making money just by teaching it now it's no secret that over 40 000 people generate over 1 million dollars per year on the platform but are they making any profit more to the question is this something anyone can do and your golden ticket to millionaire status or is it all just a pipe dream that's exactly what i'm going to be uncovering in the first episode of the secret world of passive income millionaires hi guys it's mark so recently i can't

Amazon FBA Explained

escape the phrase amazon fba i'm a massive fan of youtube as you all know and on nearly every video i watch and everett pops up saying it's the key to becoming a millionaire and fast so of course i was intrigued as i made my millions through running traditional businesses the way i've always done it is to have warehouse in and i buy the stocking in containers bring it in from china or america or europe and we stack it out and we're pretty much sold out of the mail we're waiting for containers to come the way amazon fba works is a little different fba stands for fulfilled by amazon meaning instead of having warehouses like me you can just ship all the items off to amazon and they deal with all the storage the packaging and the sending out of all your items so on the surface it sounds pretty great yeah i mean less worries lots of customers what's not to like maybe it's something you could do as a side hustle and maybe make a little bit of money but is it a long-term business i'm just not convinced

The Challenge!

if you're doing amazon fba successfully then i want to hear from you i want you to persuade me that this is more than a side hustle mark i'll take you up on that offer i'll show you how these online businesses are taken over and how they can be so sustainable as you can see we don't play around with stuff here are my concerns imagine them as

My Concerns With Amazon FBA

bowling pins in order for me to change my mind they're all going to have to be knocked down number one is the startup costs can anyone really start this business or do you need a huge amount of cash to buy in products and then test them out number two is over saturation and competition can it really be profitable in 2020 on one hand the marketplace is massive but also millions of people are selling similar products on amazon number three is actually finding a winning product that sells well with lots of other people searching for the next best thing it must be incredibly hard to actually strike gold and find that one product that makes you millions number four is the amount of money amazon takes as they're sending out all the orders for you i imagine they take a pretty big slice of the profits i don't have this expense so i'm really interested to know if this is a problem number five is picking bad products my worst nightmare would be storing lots of products in amazon's warehouse and not being able to sell the stock as time goes on i imagine the fees are going to really add up number six now this really is the big one lack of control i've always been in control of everything from manufacturing all the way through to shipping the product to my customer's door but as amazon take all the control of the selling and shipping i would be concerned about losing all the information about my customers i wouldn't want amazon to shut me down and have to build up all those customers all over again from scratch all right so now all the bowling pins have been set jack i'm on my way jack is an obs young

Meet Jack Damz

entrepreneur who has amassed nearly a hundred thousand followers on his tick tock account and eight thousand on instagram where he gives straight to the point business advice as well as recently even carving his quote stay loyal to your goals and they'll stay loyal to you into his porsche so quite a character so you've had it all repaired now then yeah he's in there now four by four in a minute jack what's your age and um what do you do so uh i'm 19 years old or 19 years young and i do amazon fba it's a business that you can get into at a very entry level you can you know it's you don't need too much money for it and you know the numbers you can build up with a lot of effort and determination are very impressive so what inspired

Why Jack Won't Work A Normal Job

someone of your age to get into this and be an entrepreneur i tried out full-time work personally i didn't think it was for me a lot of people you know are better at it um for me i don't fit the norm people thoroughly believe that the way to get rich is to work work put money into a pension and when you're 60 you've got a million pounds i personally don't want that and that's not the road i'm taking if that's what people want that's fine yeah but that's not the path i'm taking i want it sooner so i'll get it sooner if that makes sense you know it's possible so if i can be a bit

How Much Money Jack Makes

cheeky what are your numbers so first year we did and forty hundred fifty thousand pounds uh this year the last twelve months here pushing on nine on two hundred thousand pounds that's a working business and that's good so for someone watching this video

Amazon FBA Starting Cost

what do they need to invest into this to really get going uh i always recommend fifteen hundred pounds um which as you know is a very entry-level amount of money to start a business especially a retail business what that'll get you is good software that you need for amazon selling um it will pay for your first amounts of stock you don't need a certain amount of money for stock you can start with a hundred pound and you can make your money on that you can start with a thousand pound it is just a case of ratios you know and scaling it up just please think of it as an investment in yourself yeah don't expect that money to come back very soon it's not going to start paying you soon you know it's a long term game um but for long term gain and at what point you

When You Can Quit Your Job

um work out that you can quit your site you quit it as a side hustle and make it your main business where do you think that breakover point is i'd say three solid months that's what i was so you know i speaking i remember speaking to my dad and i said dad i would quit i'm gonna quit i had one good day i think we did like 800 pounds in profit i'm going i'm leaving no he said you need to speak if he said if you want to do that and he said you need to make sure your business is going to support you um so i waited three months for three good months of sales and where it was you know doing two three four five six times what i've done at a job and then i was like okay that's now that's time it's definitely something not something that should be rushed into so i've always seen drop shipping and

FBA As A Long Term Business

fba really is just a stepping stone just a starter type business can you persuade me otherwise i see massive longevity not with what i'm doing now what i find is this is the cash cow so it's building up the cash for what i want to do which is private label you're building a story you're providing top quality products where you can control the quality of the product the packaging the branding the customer relation you know with nice cards and appreciation stuff like that which is huge because what you've then got if you've got an established brand on amazon you're not just getting money from sales your brand is being featured on the most visited website on the planet by google which they'd find it on anyway private label you're creating a sellable asset a long-term business that is going to tip one keep ticking over if you know if you boost it to the first page and you keep ads on it that product is going to make you money for three four five six years however long and keep it there for and how do you go about finding your products because a

Find The Winning With Product Research

lot of people will write to me and they say you know how can i find that niche product and how long does it take you as well could take me 20 minutes it could take me 15 minutes 20 minutes that's impressive yeah or it could take me two three four months it is totally a case of sitting down there how my mentality is going towards it um i think you know finding that that key product is tough however they all have an expiration date for sure it's not you never ride off just one product you need to keep on pushing and keep on finding more um but for me it is a case of sitting down in my zone and i will not get off my desk until i find one i'll be picking up the phone quite a lot um dealing with a lot of rejection you know how are you i'm 19 you know how old your business well just over a year you know the second it's a no or the second it's showing that it's not happening just phone down onto the next you know really detach emotions from it yes it's the constant contact speaking to people and the networking as well the networking's huge like meeting people who know other people or companies just getting in touch with them you know going around there's so many roundabouts you know but it is about going over them and going around them and not being scared to do so um but it is hard work so obviously amazon take quite a cut out of this from

Amazon Fees & Bad Products

you so is that a set percentage on every item you sell is that a variable percentage it varies a lot on uh size and weight as well so something for example uh a pen they're not going to charge you very high fees on that's probably about the lowest band of fees um so it depends on the weight and size and how much it's going to cost them to ship it and move it around say you've sent a lot of product to amazon and it's not selling how do you handle that situation i've had two types of products two products that have just been a loss i've had to accept that they're just doing nothing that was t-shirts and there were these also these uh they were called juicy lucy picture frames basically they didn't go well at all they were not as anticipated and it was a bit of a kick you know it's a lot of money to expect to lose that's how that's my instant oh it's not working damn it what i did was i put ads on them which i don't usually do which i kind of stay away from because then when you start doing ads it cuts your margins and that would have been my profit so i'd work out that actually i'm doing that and i'm making no profit but then i sat back i thought that's amazing how wonderful was that because i was beating myself up while i do that how did i get the product wrong then i'm like hang on i tried it out it didn't work did i lose it no did i get my money back yes and learn a lesson and took lessons from that so i think to myself for me going forward i don't see much going wrong for me but you know if i find something that's not going to sell i have the ability to get rid of it whether it be tempe loss per unit it's not drastic it's not going to kill my business you know which was a very amazing eye-opener so to think to myself actually that didn't work but i still got rid of it at breakeven and i got my money back okay so you're afraid of the fact that

Amazon Stealing Customers

amazon can find the same products as you if you're doing really well with them and go you know what we're going to re-label those as ours and sell them and stop you selling them is that a fear with it or do you think you can ride through that for me yes that can happen i've heard it happening but personally hasn't happened to me by one product actually recently um but for me it's part of the game business it's a stepping stone you need to get over yes you know they'll throw blockades in there but again you work harder you find another product you keep pushing it um and keep working on the profits that's all is there ever a problem if you're out of stock do amazon put the pressure on you to keep that stock flowing will they cut you off if you're not supplying what was the arrangement there in regards to that amazon have like a a process where they'll say to you they'll recommend a certain amount of stock you should be sending in so yeah they are kind of they prefer it when you have constant levels of stock they will favor you as a seller yeah and for sure if it's too sporadic they'll just be like obviously they want they would encourage you to get more stock in they'll put widgets on your screen saying source this get this product in you know we need more of this in your customer base is amazon's customer base how do you um how do you make contact with those customers how do you retain that information i'm not allowed to take information from amazon and email them it's not that's not what they signed up for you know people don't want that when buying on amazon they just want to buy on amazon get the products and that's it that's their journey it is part and parcel of it so in regards to you know retention of customers and keeping the information amazon take that that's fine but then amazon will pay me and sell my products for me and send them to the customers and do all the customer service that's fine they can have that side of the business you know they can give me my profits that's how i see it has it has got its pros and cons it has um you know in regards to keeping them on an email list and stuff like that but again amazon's impulse buys people just go on there and buy you don't with the size of the customer base you don't need returning customers so did you learn from a course or did

Buying An Online Course

so did you learn from a course or experience i learned from experience and a few losses um school of hard knocks though yeah that's it really so um yeah my first shipments it was quite a lot it was huge um was basically a whole loss um it was you know my money out my personal savings you know two thousand three thousand pounds gone um so it was pretty brutal but again i was paying for those lessons you know i could have bought a course for 500 pound which probably would have saved me that two and a half thousand pounds or three thousand whatever it may be um so yeah i mean i know personally i didn't take a course i just went in head first i just went head first and that was that's one of my biggest strengths and my biggest weaknesses because i just get it done i go for it and i learn quickly but as you can see obviously you know you can slip up and make a few mistakes which you learn from so you're starting to persuade me here

Jack's Future FBA Goals

so what's the future for jack it's very funny i i've got huge goals massive so obviously i'm 19 now by 21 i would like 10 businesses doing 10 000 pounds a month in net profit each which i think would be unbelievable um i think amazon fba will carry most of that maybe 20 30 40 50 60 of it i want to retire by the time i'm 30. now when i say retire physically i don't have an obligation to get up and make more money to work and go forward the catches are quite a lot of hard work a lot of uh you know research long days um down days a lot of rejection you know amazon fba it really is you know putting in the work first but you're doing that for long-term cash long-term money which is what everyone goes into business for anyway no one's in it for fun so overnight success is a good few months of work it's before you start seeing profit i don't see that as a success if you see success as making 100 next 100 200 300 pound a month absolutely success for me is big numbers and big numbers do not come for a little while yeah i don't even believe my numbers are big yet i want i would say millions i want to see seven figures on the board that's success to me and that doesn't come for imagine two three years so did jack

My Opinion On Amazon FBA

change my opinion is what i think i have no doubt that jack is going to be a multi-millionaire in fact i see a bit of me and him when i was at his age i really liked it when he talked about building his own brand through private labeling this wasn't something that i'd initially thought of and it definitely seems like a great way to build a saleable long-term business so he's really done a good job at persuading me but my only bowling pin left standing is the heavy reliance on amazon now jack doesn't see this as being a problem but maybe this is because of his age and amazon of course has always been around for him so my view on amazon fba is that if you're selling other people's branded products then it can be a great side hustle however don't bank on it lasting forever so i'm going to leave this next video for you right here but don't click on it just yet if you want to grow your wealth then consider subscribing to the channel ring that old bell and smash that like button and leave a comment below on what you want to see on the next passive income millionaires i'll see you over there

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