how to make money online (2022) - Earn Money On Amazon in 2022

 How To Make Money On Amazon in 2022 (For Beginners)

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Hi guys mike vasil here and so we are going to review these websites where you will learn how you can leverage these websites to earn hundreds to thousands of dollars per day on amazon we are starting now guys mike fails here and in today's video we are going to talk about how to make money on amazon there are so many different ways to make money on

Amazon and it's not just like your biscuit cookie cutter you see on YouTube so the first way is really having an amazon partner literally just sign up for this it's free and you could refer anything on amazon and get a commission from that. one of the most lucrative ways is just cameras because they are very, very expensive things, so the higher the price of the product, the more

Money, I could actually go ahead and make a lot of people make a lot of money just promoting and recommending high-priced products like for example cameras, and like I said they don't necessarily have to be cameras just look around. your tv you have strollers if you have a baby you have your baby stroller there are so many ways if you just leave a review on amazon

Or on YouTube with your free affiliate link on Amazon you could go ahead and make money so that's the first way, the second way is actually direct publishing or publishing to Kindle or creating audiobooks. 20k to even 30k a month um promoting books that they don't even have to write themselves on the other hand I ended up writing

These books, but as you can see, I don't have to create the books, I don't have to ship the books, I don't have to store the books in bulk, I could go ahead and sell my own knowledge. here free with kindle direct publishing now it doesn't necessarily have to be a book that you write like there's a lot of people that write books like this that literally find a

Ghostwriter to do the hard work for them and they turned it into a business themselves. for a book, but if it does really well and you get a bunch of sales and that's pure passive income on your part, now the

The craziest thing is that I remember when I first moved to Chiang Mai, Thailand, which is a place in Thailand where there are many people who work online and they ended up letting you know, the united kingdom, Australia, and America to go live. In fact, I met a friend who actually did. good on this and I found out what books you actually sell do you really write these books yourself and he told me that he writes this style of books like they are

Vampire romances or you know, where some kind of wolf comes out of the mountains and goes and takes a woman and makes her fall in love. It's like the strangest of niches, but for some reason, that's where most of his money with kindle came from. direct publication of all this as romance-style stuff because when people really enjoy the first book, they continually buy more and more

And the craziest thing is he's not a writer he's just a British guy who hired someone else from the Philippines to write everything for him to make the most ridiculous story as far as romances and vampires and motorcycles go and it's really very interesting. of these people are making money and odds are most of these people didn't even write the book now the

The third way is dropshipping so a lot of people they're really doing right now is going and taking products from other places like for example Walmart or other products as overstock and they go ahead and just list it on Amazon now there. it's like some things where you have to do a lot of obstacles. I remember when I learned this tactic around 2013, I think, and just

It amazed me that I never understood why people would actually buy things that are cheaper at Walmart on amazon and it's literally because of the fact that Amazon is the marketplace in its own little universe of its own like when you go to Amazon you don't really go and buy around you just go there place an order and receive your order within a couple of days that's why many

People are taking advantage of the Amazon brand and realizing that I could actually go and sell other people's products here, which means it's very low risk for me. The only drawback is that the profit margins are very low. I think 2012 2013 and that's amazon for now this is going to be a much higher ticket you're going to have to

Taking a higher risk like what I did I ended up buying $3k to $5k worth of grill gloves and as you can see it's like a dollar to make dollars here it's like a dollar two dollars a pair here and we were trading them for 15 to 20 bucks on Amazon right here these were like the style of gloves that we were going to sell and these were

Actually my competitors in the past so it's really crazy that they're still doing really well they know they have 2000 views they're selling it for 17 bucks but its price is only about 2 bucks so after that Amazon collects its fees. they probably have between five and ten dollars each. If you can make this happen, it is

Quite a passive income, the only drawback is that it is a much higher risk than you think, the competition comes in when people see that things are going very well, they come and take you to like, for example, I sold these gloves and I was such as first-mover advantage. but then everyone started selling the exact same damn gloves as me and it turned into a big price war. I remember these guys were literally the best at the time.

And they just intimidated me. They charged from nine bucks to actually win me over reviews and I was a small person so I couldn't just give away all these products technically at breakeven to buy more because I didn't have the capital to buy more and more grilling gloves and, in addition, it takes between three weeks and three months to obtain them.

These products from China and then shipped to Amazon are not referring to the different negotiations that you have with the Chinese because these are all Chinese manufacturers, many of them are really interesting when it comes to the English that you speak on Skype, it is literally negotiation. so even though it says one dollar to three dollars apiece they are open to negotiation and

Another drawback is you need to put what's called a mock which is a minimum order quantity so if you don't like the high-risk stuff even though this could earn you passive income it's still one of the higher risk things Especially if it was just to start with, expect to spend two thousand to three thousand dollars just for the product and then you need to figure out how to optimize this specific list.

To really get seen on Amazon, you know you have to learn how to write the right descriptions, the right words that make people buy, and not only that but also the right titles, as well as a lot of search engine optimization. which is a completely different skill actually I wouldn't recommend this to get started with amazon there are much less risky ways like if you look at amazon

Associates and with this, the only drawback to this is that it's not as profitable as other ways that I'm going to share with you very soon, now the fifth is starting to learn all these things but then he sells it as a service. little gold rush where a lot of people realize it's very hard to make money from amazon because of the competition and the barrier to entry like

You need between five thousand and ten thousand dollars to go ahead and be successful with this. I have a friend here in Bali who does very well on Amazon and he said Mike the reason beginners fail at this is that we bully them. literally throw anywhere between three thousand and ten thousand dollars in money that we use to launch each of these products

And we expect many of them to fail, but the ones that succeed are the ones that make up for the losses. The problem with beginners when they get into this is like I said, they don't really have the experience, the knowledge, and the expertise. grow this right so a lot of people are doing it now instead they're taking advantage of people who already have the money going to people who want to invest in certain things in certain assets

Or whatever, and they said, hey, what if I build this whole thing for you, so instead of you investing your own money, you go up to someone called a high-net-worth individual and say, literally, I'll build your Amazon band for you? literally, you don't have to do anything and you just have to advance the capital that's really it's a smarter way because you guys have

To realize that when you start in an online business, especially Amazon, it doesn't necessarily have to be your own money, why do you think people in Silicon Valley raise millions of dollars? you know, they build their projects. However, the thing about these entrepreneurs is that they are very smart and do not invest their life savings.

In things that's why they raise capital and in that way they mitigate risk by having taller people with more money where if they lose their money it's a very small fraction of their net worth compared to most people starting out in Amazon are like oh my gosh let me take my life savings just throw it in there also, they alleviate their gamble by transforming this into a

Service while you get a percentage of the lead you see you probably see the ads over and over again they're like oh we're going to build an Amazon store for you and what that service is essentially is they're going to build all of this for you they're going to charge ten thousand dollars in advance and they will charge you between twenty and forty percent of

You're probably wondering about your earnings, why would investors really want that? Well, they don't have to do anything and everything an investor thinks is fine, where can I park my money? right, so if it could be index funds or real estate, you know that's going to be in your highest risk class of investments

It's not that they don't want to learn all this stuff so all you have to do is literally learn by watching a bunch of free videos you don't use your own money maybe you get a course or two but then when it comes to investing in products you partner with people who are already looking to sell on amazon this is literally what I could have done had I decided to stay on amazon

I was getting 10-20 sales a day several years ago and I was like man this is too complicated I don't have enough cash flow to really invest in more but people were seeing I was getting 10-20 sales a day with the grill gloves that I was selling, so I had a friend who owned a bunch of tanning salons and he told me he wanted to get on Amazon.

And we were going to make a deal, but then I ended up leaving America to go to Asia and then get all my fantasy, so I never got off the ground, but it's a good opportunity, especially if you're willing to sweat. it's pretty good if you're just starting out in entrepreneurship, you have someone who fronts the money, but it's your time and your sweat capital and your learning curve that you have to do

Find out and make sure you don't lose that person's money too now the six-way which is a lot you know is less stressful because technically you're like an employee for someone else and that's becoming a freelancer for six businesses of amazon seven and eight figures I'm talking about existing business now I have a very close friend here at

Bali is their main business. He started out as a freelancer. He was really helping people with the Amazon business. He first started selling on Amazon. Selling it as a service to you, like people who want to invest money, is essentially like being a service provider for an existing business.

So if you can see here, this person optimizes the listing, so it literally helps the seller, someone who's already selling on Amazon, build everything right because the thing with all these products is there's a businessman behind it that doesn't want to do. all these things, the problem with most people is that they think that when they start in the business world they have to do

Everything except them you can do is literally specify a certain set of skills that you are good at. You could learn it on YouTube, there are a ton of free videos and then you could sell it as a service that this person charges. 75 an hour has earned over two hundred thousand dollars and he is from the United States this person is from the United Kingdom he earns fifty dollars an hour

Time to make a hundred thousand dollars and the craziest thing is like I said you could use this to start you know maybe if you have a job start quitting your job just a little bit start making money online and then you have like the net where you can then start to focus on learning about other different business ideas and you can check them out on upwork.com and last but not least

This is my favorite because when it comes to a gold rush, the people who make the most money aren't the people who find the gold, they're the people who sell the shovels and that's joining the courses that actually sell on Amazon. what you see all the demand is a lot of people are here and trying to figure out how to make money on amazon which means if you really think about it

It's exactly the same in the gold rush, a lot of people go to California the same way to find gold, a lot of people go to Amazon to make money because it's like the biggest company in the world, so a lot of people. are doing is skipping all of this and just going straight to email marketing by creating a

The audience on your email list doesn't have to make videos and then promote high-priced deals as I remember when I built a small email list back in the day before YouTube even started, right? and I remember for some reason. we were using money, uh, we were running ads on Facebook ads and my Facebook ads were completely destroyed. I was banned from running Facebook ads for some strange reason ii

I ended up getting it back but for a couple of months, I was scared because all my income was gone and all I had was a very small email list and a group of people who wanted to learn how to make money online. that at the time, uh, this company started, you know, creating high-priced products, they were like five thousand dollars a course or whatever, right and you can

Look at something like affiliates, you can tell this guy has a great YouTube channel and all these other people who also promoted this product or worked with them in the past, and what they're essentially doing is teaching regular people how to get started. a business on Amazon, although the crazy thing is that this product costs like five thousand dollars, the good news is that they do all the

Selling for you so when I was like literally like all my income was gone I had this I didn't have any products to sell but I had a little email list I just asked them what they want and they're like I want to learn how to sell on Amazon, but even though I was getting 10-20 sales a day on my Amazon business in the past before I gave it up just because of the competition, headache, and hassle.

I was like, you know what I'm not the expert, let me go find and associate with the expert and that's when I ran into these guys and a lot of these people that you know you get half or I think 40 percent of the sale. so imagine this I just sent similar emails to my email list saying people say oh wow I want to be in on this they made all the sales for me by doing

Webinars for me doing video sales letters for me doing email marketing for myself on their end and if someone ended up buying I'd get a two thousand dollar commission so the first month I only got five people to buy well just got five people to buy but that was a ten thousand dollar profit in my pocket now you have to compare that to how long

It will lead you to a ten thousand dollar profit here, you have to trade your time for money, so it's essentially a job. five thousand dollars of money that you might not have that you could put on a credit card and that's what makes it scary to earn ten thousand dollars

Let's say you sell like 20 products a day at I don't know five dollars profit so that's like a thousand what the hell am I talking about that's like a hundred dollars profit a day so that's like a three thousand profit dollars and you have to get 20 sales a day, okay? Compared to five sales per month, then you have this: profit margins could literally be as low as two percent.

Just in some cases, when I was doing drop shipping, my markup because I was doing it this way, from Walmart to eBay or Walmart to amazon, was literally as little as two percent. I may make most of my money with travel rewards credit cards. and cashback sites like racket on where you'd get like two percent for every hundred dollars you'd pay

Spend and this does quite well. I have some friends who do it very well, but because the barrier to entry is very low, the competition comes in, so what people make the most money now is not even from ebooks anymore, but it's from audiobooks, but it was like that several years ago, e-books were one thing, then they became paperbacks, and then they became audiobooks, but

Then, as the barrier to entry is very low, more and more people are going to enter the competition, the same thing arises that happened with Amazon associates. The problem, the most surprising thing about this, is that you don't need such a large audience. I don't need such a large email list and this is like affiliate marketing in pure essence, you build an audience and then sell a product you don't own.

You have to create, you don't have to deliver, you can be a one-man or one-woman person, you don't have to do any customer service and you can grow this pretty well, and this is just one form of affiliate marketing. We even have faster ways to affiliate marketing if you check out the free workshop below where people go from zero to a thousand dollars a day with this cool

One little thing that is going on right now especially during the lockdown as well is if you need to help do this yourself with email marketing or build your own website to start building a brand if you don't want to be on video. Check it out in the link below love you guys I'll see you guys later peace of mind