Mentor---Seth Kniep

Channel: Seth Kniep
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FBA Fees on Amazon - Amazon Fees 2018



There are 3 primary fees:
1 Storage Fees - It's a monthly fee, a 6 month fee and a 12 month fee.
2 Amazon Fulfillment Fee -- every time you make a sale, for them to take the product, ship it to the customer, and deal with customer service.
3 Referral Fee for being able to be list on Amazon.

and there's 3 other fees that most people don't talk about...

1. Storage Fee is by cubic feet.  The rates fluctuate by season.
Example:                        (per cubic foot)
Month                            Standard Size           Oversize
January - September      $0.64                        $0.43
October - December      $2.35                        $1.15

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Amazon FBA for beginners - 4 steps to selling on Amazon - Part 1

The 4 most important steps to making money on Amazon:
(there's a lot more to it, but this is where to start)
#1 Understand Amazon FBA process
Buy products, send them to the Amazon warehouse(s), Amazon ships it out for you.. 
#2 Find product with high demand and low competition
Use BSR... The competition and demand can be determined through BSR.
#3 Find a supplier who can build the product for you. And also differentiate that product.
Look through negative reviews of competition to find what is not liked about the product and find a more desirable product by making one. Be very detailed to the factory to make sure they make it correctly by fulfilling all the details. Be specific.  Alibaba has suppliers.
#4 Send the product into Amazon and start making money!


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