Meet The 21 Year Old Amazon FBA Entrepreneur Making $1,000,000 Per Year | CEOCAST EP. 88

[@ceocast]

I don't know about you, but I am CERTAINLY starting Amazon FBA on the side! - LIKE this comment if you want me to make a video on it and have Jake teach me!

[@kylewashbourne8819]

Been waiting for a video like this, should definitely have more people who do this would be great help

[@aemvisuals]

gg

[@betamen]

top g himself ceo caaaaast

[@cityboinyc]

Cooked tht content up with jake !

[@KA-hw4ec]

Loved watching this Podcast Rahim! 🤩

[@raalaa121]

Anyone can do this, put down the playstation controller and spend your time making a habit of searching for items to buy low and sell high. Couldn't be easier. It helps if you have a passion for what you're selling as well as you can add value to the item via other angles. I've been doing it for a decade now, not on this scale but I make enough to not have to go to a 9-5 job and it feeds my family.

[@MrDottley1]

Is it specifically Amazon FBA you do ?

[@zainamazonfba6804]

@@MrDottley1 probably yes you can also do this. We have 2 ways on this journey. 1. We invest our money and time. It means we learn ourselves and start our journey which consumes our time as well. Probably we will make mistakes. 2. We start our journey just by investing. It means we hire someone who is already learned and consumes his/her time, not ours. He will make you rich.

[@AA-kc5ce]

Great to hear! Any advice?

[@quranicverses.2394]

@@zainamazonfba6804 can I reach out to you privately. I've some questions

[@Millz5231]

Exactly

[@amztok8591]

I'm into Amazon Fba for 2 years now and I can relate to this guy's talk. I've some clients who're doing more than M$ a year and I'd say Amazon Fba is definitely a business that can make your fortune but it doesn't come the easy way. You have to have a lot of patience along with enough cash flow and great strategies.

[@ayres6727]

but which one? wholesale or pl?

[@amztok8591]

@@ayres6727 Private Label

[@ayres6727]

@@amztok8591 but he's doing whole sale.

[@surbjitsingh3261]

its not worth imo. invest your time into building something thatll be sustainable over a 5-10 year period. Amazon will crack down and this stuff as it is leeching money from its own revenue streams: amazon is not your friend.

[@michaeltaylor1553]

How much cash would you say to start

[@amazonfbauniversity]

Amazon FBA is the most accessible side hustle that anyone can jump into. You can literally resell anything and make money. Of course, you need to know what you're doing first, but groups can help you.

[@OneMillionGBPBusinessOnl-jn6dk]

This is the BEST video I have seen about UK Amazon FBA so far. Thank you very much both of you. Wage

[@MikeSmith-rd9fi]

He's doing so well, he's decided to teach now....

[@Chakidaki]

Haha classic :) if you cant do. Sell course 😂

[@oxidizednb8023]

he's doing so well, hes got the time. more time than you. jealousy breeds resentment - sort yourself out

[@dannyn3809]

Very knowledgeable and clearly hard working guy - great interview 👍🏻

[@sellercircle]

Thankyou for the kind words!

[@djxboss1]

@@sellercircle my nephew is interested in Fba, I heard you was setting up your course around end of October. How much will your courses be costing ?

[@TravelosophyTV]

I do not understand why people don't wanna tell their revenue. I've made $320k Revenue since I started 14 months ago.

[@guyhamiltonyt]

One key to this is this: “Cashflow is King” make sure you have a cash float guys and girls, before embarking, have 100x the value of the initial product and holding fees plus taxes, to ensure you can buffer returns, bank holds, and amazons fees.

[@johnblaze4464]

Guys deffo asking the right questions

[@0x-a]

Did you ask in the video how much profit in the $1M minus cost of goods, marketing etc? Edit: Timestamp 19:00 + Answer: multiple 6 figures profit

[@djxboss1]

Nice one guys 👌🏾⬆️⬆️⬆️Another Good Podcast 👏🏽💯👌🏾👌🏾👌🏾

[@kartikgupta5692]

Become so successful that people don’t believe that you started so small!

[@rumanahmed2402]

What's the issue with Facebook ads mentioned briefly at 9 minutes?

[@macroecomafia]

Did i miss it or did he forget to mention tue amazon labelling service. So you dnt need to store pallets and label urself. Or you get ur supplier to do it and send directly to amazon

[@ik5967]

Any1 who sells courses ain’t making £

[@surbjitsingh3261]

exactly !! wake up people. they sell courses because it has a higher gross profit margin.

[@AslamDuToit]

So....someone like Russell Brunson from Clickfunnels ain't making money? That's why he sells 10k courses and $1m mentorships? It's called Information Marketing and it's a GREAT business model. I have made money in Real Estate. And it took me over 10 years to learn what I know. Why on earth should I give away for free everything I know? Not a wise use of my time. Selling info is great because you can create something once and sell it repeatedly. Rather see the OPPORTUNITY of being an information marketer.

[@henryoscar4217]

I will forever be indebted to you, you’ve changed my whole life, I’ll continue to preach about your name for the world to hear. You’ve saved me from a huge financial debt with just little investment, thank you so much Mrs. DonnaElizabeth

[@juliazakariah4537]

I’m surprised you know her too. I’ve been making lot of profits investing with her for a few months now.

[@nianatunen6885]

Mrs DonnaElizabeth changed my life, she has been amazing, ever since I met her, my life took a positive turn because of the passive income i earn through her, she really is a professional trader and awesome person

[@elizabethpotter3819]

[@henryoscar4217]

You can communicate with her on telegam, with the username below.

[@henryoscar4217]

DonnaElizabeth

[@ssb8344]

Impressive at 21

[@cosmeticscameo8277]

just by clearing $300,000 a year in profit (assuming he profits at 30% out of 1 million dollars) if he were in america he's in the top 5 % of income earners.

[@giftydankwah3784]

One thing i don't hear from those doing Amazon FBA, when they started did start from fulfilling the orders themselves or did they start by sending it off to Amazon to fulfil, and also there's like two subscriptions; one that's £25 and one that's over £30.. Would be great to know what to do as a beginner. If you can help that would be awesome

[@adamkhan5968]

Great work and very informative however cannot seem to find the correct sellers circle online. Are you able to drop a link for it please

[@SS-go4wi]

I thought you was already selling stuff using crep chief notify? Didn't you say you make £700 - £1500 per month?

[@SS-go4wi]

@@wewantpips yes but if its bs you are influencing people into subscriptions ? I bet this guy was paid for it.

[@ADT_9]

you can't trust anyone that's affiliated with crep chief notify. load of waffle

[@jimmythompson8919]

@@SS-go4wi I joined the group from this video back in October. While I can say I learnt a lot and there has definitely been value provided, they are very deceptive. The ignore certain complaints and are deffo in it for the money. I’m gonna leave the group soon as I’ve exhausted what I can from it. All in all it’s been a good learning experience but I’m using their platform to learn to source myself as their leads are useless as everyone just tanks them

[@SS-go4wi]

@@jimmythompson8919 what kind of money did you actually make, no bs?

[@AbuZak14]

​@@jimmythompson8919 they shouldn't be tanking, everyone should be holding

[@Zak_99]

Really enjoyed this podcast. Deffo worth looking at

[@Evo-el9og]

Inspiring

[@stevyz]

Humble dude

[@TaranVirk.]

Seller circle sounds like HU2.0

[@lloydbanks2k6]

Does Raheem not listen to what these people say. He clearly said he has made the lower end of 6 figures and had a revenue of 7 yet Raheem is saying he’s made 7

[@cosmeticscameo8277]

let's say average profit margin for amaazon sellers is 30% if he just id 1 million in sales he would've netted $300,000.00 he's only 21... he's achieved more than at least 90% of people in general...

[@lloydbanks2k6]

@@cosmeticscameo8277 not putting down what he’s made but Raheem is saying it incorrectly

[@surbjitsingh3261]

@@lloydbanks2k6 lol youre spot on buddy. people like to talk revenue but the only thing that matters is gross profit and growth year on year.

[@lloydbanks2k6]

@@surbjitsingh3261 literally bro

[@JoeBloggs-ss7vb]

Raheem is pretty dumb. He doesn't do nearly enough research when interviewing his guests. He makes basic comprehension mistakes. Basically in this video, he's come to learn about FBA himself.

[@TejTalks]

Great episode

[@Brandon-Wayne]

Question, I noticed Jake made a comment about the UK versus the US Amazon market. If I’m in the US, would the seller circle still benefit me?

[@angelachanelhuang1651]

technology is great

[@sellercircle]

Wicked!

[@LW-ny7vl]

How can I join and you can teach me? Thanks

[@lukeayliffe2914]

Did you watch the Video ??

[@LW-ny7vl]

@@lukeayliffe2914 who you 🤷🏾‍♂️🤦🏾‍♂️

[@LW-ny7vl]

@@sellercircle I’m on the discord and nothing gwarning

[@LW-ny7vl]

@@sellercircle so being on your discord don’t make a difference

[@zainamazonfba6804]

We have 2 ways on this journey. 1. We invest our money and time. It means we learn ourselves and start our journey which consumes our time as well. Probably we will make mistakes. 2. We start our journey just by investing. It means we hire someone who is already learned and consumes his/her time, not ours.

[@dellasandoval8985]

do you need a business license to start an amazon fba?

[@zainamazonfba6804]

No, you don't need it.

[@1brunoveiga]

​@@zainamazonfba6804 but you don't have to pay taxes?

[@thomascan09risk83]

No u don’t

[@zainamazonfba6804]

@@1brunoveiga In the US market Amazon deducts the sales tax automatically and file it on your behalf, you are not required to register it.

[@abdisaiddahir2369]

@@zainamazonfba6804 how about uk? At what point do you register as a Ltd to handle the taxes

[@winnersclub6836]

Bring on GOD NAT

[@backyardbbqz]

Damn who knew you could kill it off Amazon

[@othienoburton5432]

Get the right product you’re laughing

[@clikclikboom123]

His courses and ‘mentorship’ are a scam though 🗑 🚩

[@inbeatdjacademy6291]

What a boy

[@xXxPurplePillxXx]

I know I am being rude to the host here but man this is such a dumb question to ask. “How much money can be made on it being a part timer”. My answer would be ZERO! If you are asking such a question then you are not serious about business or you don’t have understanding about businesses on Amazon or elsewhere. Business cannot be just part time or else it will fail. I think you getting the wrong idea from your guest, it isn’t easy. Especially in 2022. If you want to make part time then you can go and work at McDonald’s part time. Amazon requires serious effort , cash flow and luck.

[@InfamousJYD]

I do it part time for just a few thousand profit per month. So yeah you can do it part time and make some solid money on the side of your job

[@chelstoncontent]

LISTEN TO ME: When you’re editing, the person that’s speaking, do a crop zoom on their face sometimes, it will enhance your content. I came here to tell you that.🧿

[@0x-a]

His content is engaging enough.

[@redmed10]

Has he not got a surname?

[@albertodeulofeu5277]

Selling a million on amazon is easy. I’ve been doing it for 10 years. Being profitable is not

[@chazhernandez6933]

Does this class take a % of the sales. Some courses do.

[@nousername1806]

9.75K units

[@JS-ft2zq]

His company financials definitely do not reflect what he's saying

[@sidehustletoceo]

Why? Where did you get the information?

[@trading-university.]

Good point, if anyone searches for seller circle on companies house they can find the other companies he has and none of them have any accounts or money. Probably why he is now selling courses online. Having tried fba wholesale I spent massive time on it and getting good wholesale accounts (and products priced well) was the hardest part, the margins I was getting on Amazon after my costs were diabolical. Dont believe everything you hear is my advice.As an established wholesaler and you stand a better chance. Maybe I gave up too soon but I found there was easier ways to make money. For me private label is a better route if you have a unique product and good branding

[@surbjitsingh3261]

@@trading-university. lol exactly, you cannot hide from companies house. even KSI doesnt have as much money as people think. but god damn... go check out pewdiepie's accounts, I was mind blown. the dude has over 60 million GBP cash in bank... wtf.

[@InfamousJYD]

Most businesses don’t keep that much cash in house unless you’re mega big or mega stupid. It’s not making money sat there is it

[@mystichalaly8083]

9:30

[@jonjunior6995]

😂 make it sound so easy, talk about returns… how fast Amazon will pull the plug if you do something they don’t like, mate they close people down for fun.

[@RyanRigney]

1m isn't the "king," would consider that entry level per yr. I know some people doing that every few days

[@victoriancu7358]

Every dollar of revenue you sell on Amazon, Bezos gets 15% and every dollar of profit you make your government takes 35-45%. Great to be Bezos, great to be an amazon customer, sucks to be a seller lol.

[@surbjitsingh3261]

lol just wait in a year or 2, its gonna get worse for sellers! Amazon owns all of your asses and you lot just made it so so easy for them to dominate consumer buying.

[@InfamousJYD]

35-45% lol sounds like your governments robbing you. The uk is something like the first 85k profit is tax free. After that it’s around 15% tax on the business.

[@panashephiri1912]

In 2 years, that’s grafting. Respect 🫡

[@joedodd8429]

Apart from the fact this kid was taught by jacksamazonclub…

[@corriepatterson2674]

My thoughts exactly hahaha can tell with the way hes been taught! Jac is goat

[@flippingcarsrepairs]

Has he how do you no that🤔🤔🤔