My name is Mike Roscoe and I help people start build and grow their own online retail businesses, also known as Amazon FBA wholesale, whether you’re, essentially selling big name-brand products, popular name-brand products, buying them at a lower cost and selling them at a higher price and profiting So what our big name brand products is simply products like Hasbro Mattel, Disney Microsoft, Sony Procter & Gamble, all those huge popular brands.
Now, in this article I’m going to be answering one of the most common questions, which is how much money do you need to start all right so before I answer that question, if you have yet to subscribe to my blog make sure to hit the subscribe button. If you have yet to sign up for my free course, it’s in the description below so make sure to sign up for that. So subscribe free course. Now how much money do you need to start selling popular name-brand products? Now this question is debatable and it depends on your patience level right now there you can potentially start with as little as $ 500, but I highly don’t recommend that, because once you start getting sent deals most of the time, those deals will be, they will cost Them more than that $ 500, but there are some distributors that that will sell you.
You know one box of this one box of this one box of this, so some distributors do not have an moq, a minimum order, quantity or a minimum order amount. But there are some distributors, wholesalers that require you purchase product. You place an order that is worth more, that costs more than $ 1,000 $ 2,000 $ 3,000 $ 5,000 $ 10,000. Some huge ones are even $ 25,000 right now, keep in mind, you can start with $ 500, but do you have the patience to not only find deals but to take that $ 500 in capital and grow it slowly because keep in mind if you find a Product, if you purchase a hundred units of whatever product it sells out, but it makes you 10 % ROI, that’s $ 50 profit in a month.
Most people see that at all. This is a complete waste of time right and that’s why I recommend you know based on just what I see with everybody. I’Ve worked with and people. I know that are in this business. I recommend like $ 5,000, is like perfect, because, because think about this, a lot of products sent will give you a 20 percent ROI 10 percent ROI. Now 10 % of $ 5,000 of a $ 5,000 deal is 500 Allah’s prophet a month.
That’S noticeable that $ 50 is not noticeable. Do you kind of see what I mean, but 20 percent of 5000 is $ 1,000 profit a month. If you could find normal stock a product, that’s replenishable, that’ll net, you $ 1,000 a month. That’S noticeable! That’S four figures! Right so just based off of basic human psychology, emotions right, I would recommend $ 5,000, but but but but you could definitely get away with $ 2,000 $ 3,000 or even $ 1,000 right, but, like I said, if you’re going to start with $ 500, do you Have the patience to slowly build up right, so if you purchase something for $ 500, make 10 % fifty bucks profit right in one month.
So now you’ll have $ 550, the second month to work with. Do you have the patience to slowly grow, or are you better off just doing retail arbitrage on eBay? Are you better off or just working two jobs and building that capital up fast and then starting and learning in that process? It’S all up to you! If you personally have the patience who can say wow, I just made $ 50 extra for the month. Okay, that’s fine! But from what I’ve seen from my experience, I will say you know emotionally a lot of people can’t take that right.
So, that’s why I like to recommend like five grand just because if you hit that four figures on your first month, your first product or two products, we brought us whatever. It is to get you to $ 1,000 profit a month or even $ 500 profit. In a month, that’s noticeable that pays the bills right. So that’s why I recommend that, but again, 1,000. 2,000. 3,000. 4,000. All that that’s fine, but it’s all to me.
It’S more personal preference! There’S going to be a lot of deals, you’re going to have to pass up on. If you don’t have the cap now keep in mind with this business, the more capital you have, the better, the more deals you can afford: more buying power. You have to negotiate. Okay, so I just want to make this quick article. I hope this answers everybody’s questions, because this is one of the most common questions I get asked, and you know it’s kind of its kind of tough telling somebody hey.
I have $ 500. How do I start? It’S kind of tough saying: oh, you know it’s going to be a little bit tough on you. You know, I would recommend you know getting a second job or flipping products on eBay or building some sort of side income and grow your capital. It’S tough. You know denying people I mean you can start with that 500. But you know it’s a little bit tough. You know I’m not going to sit there and say: Oh perfect start with $ 500, but you know just want to answer this question.
I know it’s a shorter article. I hope this answered your question and, if you have yet to sign up for my free course, no perfect time to sign up then right now and while you’re learning the information make sure you’re building your income, your initial investment for the business. Ok, so it’s not! It for that free course, it’s in the link in the description below. Ok, if you have yet to hit the subscribe button, if you like this article like it any questions or comments, put them in the comment section below so hope.
This answered your question. Thank you. So much for reading – and I hope to see you in the next article – have a productive day. Guys talk to you soon. What is up online retailers so short clip here, I’m going to be running giveaways and what I chose to do was on every single article. I want you guys to comment below and guess which professional athletes Jersey I am wearing in that article now remember only one player per comment now.
Why am I doing this? Because for those of you who know my story, I started way back. In the day I used to flip NFL NBA MLB jerseys at my friends that I was getting from China seldom in school, and then I used to sell them on eBay as well with my friend, and made a lot of money off the a lot of profits. So the reason why I’m doing that is because it kind of matches up with my story, so I wanted to give back run some giveaways, whether it’s giving you a free supplier, free, coaching, free course, access whatever it may be, I’m going to be running giveaways and For the person who guesses the most amount of players, most of our articles, we will be giving you a prize in return.
So again, whatever article you’re reading comment below guess, which professional athletes Jersey I am wearing and I have tons of jerseys so make sure to guess them, and hopefully you’re in this giveaway. So thanks for reading and I’ll see you in the next article I get up is barely outside. I don’t always love the stores which ISA leading us. Love is all will ever trust through wastelands through the highways summer, shadow through sun rays and
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