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Built by Business: Amazon FBA, E-Commerce, Brand Building

#22 - Fixed Costs for Starting an Amazon Business

Built by Business: Amazon FBA, E-Commerce, Brand Building

Andy Isom | Amazon FBA Seller & Agency Founder

Business, Entrepreneurship, Marketing

4.9816 Ratings

🗓️ 5 November 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

From Lesson #11 "Fixed Costs for Starting an Amazon Business". There are some fixed costs and monthly subscriptions you're going to want to be aware of when you start your Amazon FBA business. In this episode we will go over all those and why you need them.

 

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Transcript

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0:00.0

So if you think about it this way, when you start your Amazon business, you want to start

0:05.8

with enough capital, but the least amount of enough capital, if that makes sense.

0:12.1

You want to be lean.

0:13.8

You don't want to go throw $10,000, $20,000 out of business that you haven't proven, that you

0:19.2

don't know if it really works for sure. At least that's

0:21.7

not my philosophy.

0:30.1

What's up, guys? Welcome back to Selling on Amazon with Andy Isom. In this episode, we're going to

0:35.9

talk all about the fixed costs of starting an Amazon FBA business.

0:43.1

This comes from lesson 11 in my guide, $0 to $200,000 in our first year selling on Amazon FBA, 67 lessons learned.

0:53.0

You can grab this guide. I've got a link right below the description of this video

0:58.1

or this podcast, depending on where you're watching or listening, to get it at a discount.

1:03.3

And in this guide, of course, I talk about all the different lessons we've learned in our first

1:07.7

year starting and selling our Amazon business. It's a great place to get

1:11.5

started, a cheat sheet of sorts with literally all the strategies mapped out for you so you can

1:16.7

come back and reference it all the way along your journey. But let's talk about the fixed costs

1:23.0

of starting an Amazon FBA business. Because I want you to realize that when you start this type of

1:30.4

business, there are going to be some fixed costs, meaning there's going to be some costs up front

1:35.3

that aren't really going to change for you no matter what type of product you're selling.

1:41.4

Okay, these are costs that you're going to need to plan for and have some money saved up for,

1:47.0

I guess, in order to get started with your Amazon FBA business.

1:50.9

So let's start with the first fixed cost I want you to be aware of,

1:54.9

and that is to open an Amazon seller account.

...

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