However, not so small to the point where you run out of stock on Amazon before you can even get a new inventory order. Typically, you want to order a smaller quantity of units. It's risky to spend thousands of dollars on inventory when you have yet to make a sale on Amazon. This is something that you can negotiate with your suppliers.Īs a beginner, you don't want to order a lot of inventory. It ranges from 100 to 500 to 1,000 units. This is the minimum inventory order that you can make. With every supplier, they will have something called an MOQ, which stands for Minimum Order Quantity. With our experience, on average, we have found that $5 per unit is what you can expect to pay. If you source a product for $25 per unit, your inventory will cost you more than a product that sources for $2 per unit. It all depends on the product that you choose to sell. When it comes to purchasing inventory, it's hard to give you an accurate estimate of how much that will cost. Ultimately, the goal is to compare your samples to what is already selling well on Amazon. This will allow you to inspect their products, which you can then compare to the samples you receive from suppliers. Choose the best sellers for the product that you wish to sell. In addition to this, we suggest that you buy your competitors' products on Amazon. However, you can negotiate with the suppliers. If suppliers charge you, you can expect to pay roughly $150 for 3 samples. Conversely, some suppliers may charge you for a sample, and you will also have to pay for shipping. However, you will still have to pay for shipping.
Sometimes suppliers will give you a sample for free. Once you've narrowed down your list to the top 3 suppliers, request one sample from each supplier.
We recommend getting samples from three different suppliers. Successful Amazon sellers have the best quality products. If you're planning on selling a low-quality product on Amazon because it costs less you're not going to be around for long. You need to inspect the product to ensure that it is high-quality. It's not enough to just view the product online, even if you see a video of the product. Once you've decided on the product that you want to sell, you need to contact your suppliers and purchase samples from them.
Also, when you sign up as a professional you receive a lot of benefits. It ends up costing you more than $39.99 per month. If you do the math, it doesn't make sense to pay the per-unit cost. We recommend that you opt for a professional account. You have to pay this regardless if you are making sales on Amazon or not. An individual account means that you're still going to be paying a per-item fee for every product that you sell on Amazon.Ī professional account has a recurring monthly fee of $39.99. There are two options when signing up for an account – individual or professional. If you want to sell on Amazon, that comes at a cost. The first expense will be your membership fee. Let's dive in! Mandatory costs for Amazon FBA 1. That being said, we can still give you a rough estimate of what we would recommend. How much it will cost will be based on the product that you choose, how much inventory that you order, and/or how much money you want to invest into marketing.
However, keep in mind that there are variables that come into play. Tatiana and I have a good grasp of how much money it will cost you, on average, to build an Amazon business. We want to help accelerate your success as an entrepreneur so that you don't have to make the same mistakes that we made. Based on our experiences, we know what works and what doesn't. Tatiana and I have been in the Amazon game for a long time now. When you're first building an Amazon business, there are a lot of unknowns. Oftentimes, cost is the one thing that holds a lot of people back from selling on Amazon. I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support! Let's talk about the cost of selling on Amazon FBA. If you purchase a product through one of them, I will receive a commission (at no additional cost to you).
Do you want to know what the criteria are for finding profitable products to sell on Amazon FBA? CLICK HERE to get instant access to my FREE 4-part Amazon FBA training series!