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Amazon FBA
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If you're from Canada and you're struggling financially, watch this video all the way to the end. So no surprise right now, most Canadians are suffering because the cost of living is just so high. Food prices are so high, inflation is going up, everything is just a mess right now. So most people I've spoken to, they're pretty much trying to find a side hustle they can start and they're taking on another job or they're doing something that they can bring in extra income because it's almost impossible to survive off of a normal 9 to 5. Now, if this is you, so you're from Canada and you're struggling and you're trying to find something that you can do on the side to start earning some extra cash, start making some income and start doing something more that you want with your life, then keep watching this video. The business model I'm referring to is Amazon FBA. But before you scroll away and you know, you say I already seen this, no, no, no. It's not what you're thinking. It's not the business model where you go to Alibaba, you slap a logo on there, you invest $10,000, you lose all your money and then you're out the door, you stop business. No, no, I'm not talking about that. Now, everyone knows that Amazon is pretty much the biggest platform out there for shopping. You're probably on there, your mom's probably on there, everyone is on Amazon nowadays, which means a lot of things sell other than just private label products. And that includes brand name products. So basically what I do is I find brand name products that are already selling, right? So I have some tools that I use, I find out if it's selling, where I can purchase it from, what price point, and what profit I can make. And then I can just order 10 units of a product, send it into Amazon, make my profit, and then reinvest that money. That's how I started this, right? So three years ago, I started this, I did $1,400 in sales my first month. And in the last 30 days, I've done $90,000 in sales now. And it's my full-time thing. And it's honestly like such a low barrier to entry because you can start off with little cash because all you have to do is buy a few products, for example, if you have this JLab product, for example here, maybe if I can see this sells for 90 bucks on Amazon, I purchased it for $45, let's say. And I make $15, $20 profit. Purchase 10 of these, send them in, make my profit, and then reinvest that money. Right? So you can start off with the small capital, slowly increase, right? So you have 10 different types of products, 50 different types of products, 100 different types of products. So you understand how that snowball effect happens. The concept is fairly simple. If you think about it, you gotta put in a little work, you gotta put in a little consistency, figure out how it works. And then, you know, the initial stages where it's a little hard, but once you get through that, you start connecting dots and all that. It's definitely one of the best ways, in my opinion, to start, you know, getting into the business world, e-commerce world.