Amazon FBA: How Ryan Built A $20K/Month Business From Scratch (Student Success)

This video is about a student named Ryan who built a $20K/month business on Amazon using the strategies taught in the econ freedom course.

This video by Dan Vas was published on May 18, 2022.
Video length: 28:21.

This video is about a student named Ryan who built a successful Amazon FBA business.

Ryan shares his journey, starting from when he first started selling on Amazon in 2018 with a business partner. They had success with an eco-friendly tablecloth product but had to stop selling it due to issues with Amazon. Ryan then came across the YouTuber's channel and decided to join the econ freedom course in June 2021. He talks about how he wanted to take his time and follow the course exactly to avoid cutting corners. Since joining the course, Ryan has not experienced the same stress level he had with crypto trading.

He got his first product up and running in February 2022.

• Ryan started selling on Amazon in 2018 with a business partner.
• They found success with an eco-friendly tablecloth product.
• Due to issues with Amazon and the impact of COVID-19, they had to stop selling the product in 2019.
• Ryan discovered the YouTube channel of the course creator and decided to join the econ freedom course in June 2021.
• He wanted to take his time and follow the course exactly to avoid cutting corners.
• Ryan had a stressful experience with crypto trading in May 2021.
• He found it difficult to make decisions and it negatively affected his health.
• Since joining the econ freedom course, he has not experienced the same stress level.
• Ryan learned the importance of sticking to something low-stress and dedicating oneself to it.
• Ryan already had experience and success with Amazon in 2019, despite the product ultimately not being sustainable.
• He recognized the need for a skill set in e-commerce, unlike the speculative nature of crypto trading.
• Ryan joined the econ freedom course in June 2021 to further develop his e-commerce skills.
• The student emphasizes the importance of following all the modules and checklists in the course.
• He credits the course for helping him navigate challenges and reduce stress.
• He compares the course to other more expensive options in Australia and highlights the value it provides.
• The student launched his business in February 2022 and has generated approximately $26,000 in revenue within six weeks.
• He ran out of stock sooner than expected due to high demand.
• His first order consisted of 300 units.
• The profit made from the sales was between $6,000 to $8,000.
• The student is selling on Amazon US because the market in Australia is slow.
• The goal for the first order is to break even, considering launch costs.
• The student's product sells for around $120, allowing for a profit margin of $30 to $40 per unit.
• He had a budget of $30 to $35 for PPC advertising before breaking even.
• Choosing a higher-priced product with a larger profit margin helped increase profitability.
• The student took his time to find a unique product with a unique selling proposition.
• The student's product had limited reviews, but he still achieved a profit of $6,000 to $8,000 in six weeks.
• Having multiple products in stock year-round demonstrates the scalability of e-commerce.
• The student's average price point for his product was $86.
• Ryan plans to build his product into a brand.
• He learned this strategy from the econ freedom course.
• He initially faced rejection with his product ideas, but the course helped him limit the risk.
• He trusts the course's guidance and believes in building a brand.
• He sees potential for expansion and adding more products to his brand.
• Ryan has already ordered his second batch of products.
• It takes about a month to get the product put together.
• His product comes from multiple manufacturers and is a unique kit.
• No one on Amazon has copied his product yet.
• The projected arrival of the second order is around the end of May or the beginning of June.
• There are always challenges with shipping, such as longer shipping times or potential trade wars.
• Ryan advises starting early in e-commerce to overcome these challenges.
• He believes it's better to move forward and take action rather than waiting for the perfect conditions.
• Shipping times may vary in the future, but it's important to keep moving forward.
• Ryan has taken action and is waiting for his second order to arrive.
• Ryan plans to focus on building his brand on Amazon for now.
• He is comfortable with Amazon and wants to grow his brand within the platform.
• He will introduce an additional product within his brand with the second order.
• He plans to add 5 to 10 more products to his brand in the future.
• His niche has potential for significant expansion.
• Once he reaches his limit on Amazon, he may consider expanding to other areas or platforms.

Amazon FBA: How Ryan Built A $20K/Month Business From Scratch (Student Success) - YouTube

Ryan's Journey on Amazon

• Ryan started selling on Amazon in 2018 with a business partner.
• They found success with an eco-friendly tablecloth product.
• Due to issues with Amazon and the impact of COVID-19, they had to stop selling the product in 2019.
• Ryan discovered the YouTube channel of the course creator and decided to join the econ freedom course in June 2021.
• He wanted to take his time and follow the course exactly to avoid cutting corners.

Comparison of E-commerce and Crypto Trading

• Ryan had a stressful experience with crypto trading in May 2021.
• He found it difficult to make decisions and it negatively affected his health.
• Since joining the econ freedom course, he has not experienced the same stress level.
• Ryan learned the importance of sticking to something low-stress and dedicating oneself to it.
• He compared the skill set required for e-commerce success to the unpredictable nature of crypto trading.

Transition from Crypto Trading to Amazon

• Ryan already had experience and success with Amazon in 2019, despite the product ultimately not being sustainable.
• He recognized the need for a skill set in e-commerce, unlike the speculative nature of crypto trading.
• Ryan joined the econ freedom course in June 2021 to further develop his e-commerce skills.
• He got his first product up and running on Amazon in February 2022.
• Ryan followed all the course videos and instructions to ensure a successful launch.

Amazon FBA: How Ryan Built A $20K/Month Business From Scratch (Student Success) - YouTube

Importance of Following the Course

• The student emphasizes the importance of following all the modules and checklists in the course.
• He credits the course for helping him navigate challenges and reduce stress.
• He compares the course to other more expensive options in Australia and highlights the value it provides.
• The student appreciates the way the course is presented through YouTube videos.

Revenue and Profit

• The student launched his business in February 2022 and has generated approximately $26,000 in revenue within six weeks.
• He ran out of stock sooner than expected due to high demand.
• His first order consisted of 300 units.
• The profit made from the sales was between $6,000 to $8,000.
• The student is selling on Amazon US because the market in Australia is slow.

Breaking Even and Profit Margin

• The goal for the first order is to break even, considering launch costs.
• The student's product sells for around $120, allowing for a profit margin of $30 to $40 per unit.
• He had a budget of $30 to $35 for PPC advertising before breaking even.
• Choosing a higher-priced product with a larger profit margin helped increase profitability.
• The student took his time to find a unique product with a unique selling proposition.

Scalability and Product Price

• The student's product had limited reviews, but he still achieved a profit of $6,000 to $8,000 in six weeks.
• Having multiple products in stock year-round demonstrates the scalability of e-commerce.
• The student's average price point for his product was $86.

Building a Brand

• Ryan plans to build his product into a brand.
• He learned this strategy from the econ freedom course.
• He initially faced rejection with his product ideas, but the course helped him limit the risk.
• He trusts the course's guidance and believes in building a brand.
• He sees potential for expansion and adding more products to his brand.

Ordering Second Order

• Ryan has already ordered his second batch of products.
• It takes about a month to get the product put together.
• His product comes from multiple manufacturers and is a unique kit.
• No one on Amazon has copied his product yet.
• The projected arrival of the second order is around the end of May or the beginning of June.

Dealing with Shipping Challenges

• There are always challenges with shipping, such as longer shipping times or potential trade wars.
• Ryan advises starting early in e-commerce to overcome these challenges.
• He believes it's better to move forward and take action rather than waiting for the perfect conditions.
• Shipping times may vary in the future, but it's important to keep moving forward.
• Ryan has taken action and is waiting for his second order to arrive.

Expanding the Business

• Ryan plans to focus on building his brand on Amazon for now.
• He is comfortable with Amazon and wants to grow his brand within the platform.
• He will introduce an additional product within his brand with the second order.
• He plans to add 5 to 10 more products to his brand in the future.
• His niche has potential for significant expansion.
• Once he reaches his limit on Amazon, he may consider expanding to other areas or platforms.

Staying in Stock and Revenue Goals

• Stick to Amazon and expand as much as possible.
• Have a revenue goal for the end of the year.
• Goal is to reach $50k in revenue in the second month of selling.
• Wants to do this full-time and quit his 9 to 5 job.
• Importance of having a source of income while building the business.

Inventory and Cash Flow Issues

• Running into inventory and cash flow issues.
• Staying in stock is not easy, especially with a successful product.
• Advice to stick to Amazon for the next two years.
• Focus on keeping the first product in stock year-round.
• Can work on building a Shopify store and other revenue channels in the background.

Building a Brand and Social Proof

• Amazon is the cash cow, but building a brand requires other channels.
• Shopify model is important for building a brand and social proof.
• Amazon is for maximizing revenue, while Shopify is for building a brand.
• Questions for Ryan about the hardest part of his journey.
• Hardest part is staying in stock and dealing with Amazon.

Problem Solving and Determination

• Need to have the mindset and determination to find solutions to problems.
• Passion and motivation are crucial for success in this business.
• Perfectionist mentality can be both a strength and a challenge.
• Drive and problem-solving skills are necessary to overcome obstacles.
• Without the drive and passion, it would be easy to give up.

Is it a get rich quick scheme?

• Treating Amazon FBA as a get rich quick scheme will lead to failure.
• Copying trends or other people's strategies will not work.
• Building a successful business on Amazon takes time and effort.
• The course teaches strategies for long-term success, not quick profits.
• Success on Amazon requires brand building and careful planning.

The challenges of running an Amazon business

• Running an ecommerce business is not a get rich quick scheme.
• There are challenges and obstacles to overcome.
• Dealing with Amazon itself can be a challenge.
• Communication with Amazon is necessary and part of the routine.
• Small challenges are part of the journey and should be expected.

The importance of perseverance and investment

• Challenges and obstacles are part of any business.
• Investing time and effort is necessary for success.
• Living lean and reinvesting profits is crucial in the early stages.
• Flashy distractions should be avoided in favor of business growth.
• Investing in the business separates successful entrepreneurs from others.

The value of investing in education and mentorship

• Investing in courses and mentorship is worth it for long-term success.
• Remote businesses and the ability to work from anywhere are desirable.
• The cost of the course is reasonable compared to a university degree.
• Traditional education does not teach money-making skills.
• The course provides mentorship and valuable resources.

Section 1: Benefits of the Econ Freedom Course

• The course provides tangible materials that can be used for studying and taking notes.
• Initially, the student was hesitant to use the materials because they were beautifully presented, but eventually realized they were meant to be used.
• By reading and studying the materials repeatedly, the student discovered new information and solutions to problems.
• The student believes the course is undervalued and offers a great opportunity to limit risks in starting a business.
• The student expresses gratitude for the course and its impact on their life and family.

Section 2: Joining the Econ Freedom Course

• The student expresses appreciation for the entire team behind the course.
• The student credits the course for their current experiences and financial goals.
• A seven-day free trial is available for those interested in joining the Amazon course.
• The student thanks Jeff and encourages others to subscribe to the channel for more student interviews.
• The video ends with a thank you message and music.

Watch the video on YouTube:
Amazon FBA: How Ryan Built A $20K/Month Business From Scratch (Student Success) - YouTube