How To Get Started With Amazon FBA And Send Your First Box In!

How To get started on amazon fba

If you sell any physical products online then you may have heard of Amazon FBA. Basically like eBay it’s a platform for you to sell your goods, either as resellers, wholesale or even your own private label products.

It can be a very lucrative platform if you want it to be. Or, it can be a very nice side income stream as many people use it for. I know people who make a steady £200 a month using this, I also know people who are full time making £7000 a month.

I am somewhere in between 😉

For those who know me, or if you’ve ever visited the blog or follow me on Instagram you will know that one of my business side hustles is to resell goods I pick up for a lower cost elsewhere.

FBA means Fulfilment By Amazon, this basically means they take care of everything for you post sale. So, after its sold they will pick the item, pack it and dispatch it for you – all in Amazon packaging and also with the benefits that Prime members get.

Below is flow of how it works.

what is amazon fba

Throughout this blog post I aim to show you how to get started with Amazon FBA too and I will also provide a step by step guide on how to send your first box of goods in.

In this blog post we will cover:

  • What are the benefits of Amazon FBA?
  • How much does it cost?
  • How do I know if something will sell?
  • How to send your first box in?
  • Conclusion & Wrap Up

What Are The Benefits of Amazon FBA?

 

For many people the obvious perk of selling products through Amazon FBA is the fact that you don’t have to store products in your own home, also unlike eBay you don’t have to spend as much time listing your product. Often products on Amazon require no pictures at all as you essentially piggy back other listings.

Other perks include Amazon’s discounted shipping rates, if you do FBA you are available to all the Prime users on the platform. They get discounted shipping so you can capitalise on this too by selling your products to them.

So you can source your stock – however you want weather it be from charity shops, car boots or wholesale and then send it in to Amazon for them to sell it and take care of the rest.

How Much Does Amazon FBA Cost?

Obviously for all their efforts, the packing, shipping and storage they take a fee. This section will outline the costs to see if its for you or not.

For starters a pro account will set you back £30 a month. There is one other option, you can choose a basic option which rather than charge a monthly fee they charge a £1 per sale. This is in addition to the FBA fees per sale.

The FBA fees are broken down per category, weight and size of an item.

Here are two examples of the fees after a sale has been made:

(Both of these are purely random things I have been scanning recently, I am not suggesting you get these, although the board game is a nice seller!)

The first one here is a PlayStation game.

FBA fees

So, you can see if I sold this for £9.99 I would make a profit of £5.60 if I bought it for £1.00.

The total Amazon fee is £3.34. So that is about a 33%.

The second one here is a board game.

amazon fba fees

So here if I had sold this for £59.99 I would make £47.73 profit after paying £1.00 for it.

The Amazon fees would be £10.83. This works out at 18% of the sale price.

Note: On both they include a shipping to Amazon fee. This will be explained later.

So you can see that different categories and products have different fees. Some of you may think these fees are high but I will say this.

  • You are tapping into Amazon’s MILLIONS of customers.
  • They store all your stock for you.
  • They pack and ship your sales for you. No trips to the post office for you.
  • They deal with any returns.

For me, its a fair price considering all you need to do after you have sourced your products is put them in a box and send them in.

That is not all though. On top of the storage fees there are Long Term Storage fees. These are settled by the size of storage you are taking up x the length of time its been there.

I am not going to go into too much detail on this but be aware if your products stay in the warehouses for over 1 year will get billed for this. Hopefully the next section of the guide will help you avoid this fee.

How Do I Know My Products Will Sell?

Obviously for Amazon FBA to be successful for you have to make sure your products sell! This section will show you you can make sure you pick stuff that is going to sell and not fall into the trap like many people do (myself included ) make.

When I first started I would send virtually anything in! I am way more selective now.

So – I am assuming you have an account setup. If not head over to Amazon FBA and get setup when you are ready.

Next up you’ll need some form of app to scan your products. With books, media, toys and other electrical goods if they are boxed you can simply scan the bar code and this will give you a whole host of information.

There are a few apps you can use for this, but for the purpose of this guide and as it is intended for new starters we shall use the Amazon Seller App. This is a free download – go and grab it once you have setup your account.

Amazon seller app

So once you are all set up you can start to source products. Open up your Amazon Seller app and scan some bar codes, if you have never done this before you’ll probably go around your house first scanning everything to see if you can send it in to sell!

I can’t emphasise this enough. Go and scan some bar codes to get a feel for the app. You need to click the camera icon in the top right corner to open up the scanner. (You also need a scanner compatible phone, most are these days)

Certain categories like clothing, jewellery and many others need approval before you can sell on them. Stick with the ones that are open to everyone to begin with.

If you want to sell clothes, you may like my post on How I Sell Trainers on eBay.

But just because it has value does not mean it will sell. Each category has a rank of all the products within that category. This changes all the time – every time a product is purchased the rank will change.

I am not an expert in Amazon rank but I have a few rules I follow. I tend to aim for the top 1% of any given category. Let me explain that a minute – books for example at the time of writing this has 59,531,361 titles in the category. I usually won’t buy a book over 600,000 rank, this is roughly 1%….

But – even with sticking with this method you are not full proof. Obviously the lower the rank the better chance you have of something selling.

If you want to go one step further you should analyse the product on other websites which will give you far more sales data.

For this I use a website called CamelCamelCamel.

An alternative to this site is a site called Keepa – both do the same thing.

For this example and tutorial i will use Camel.

Lets use the two examples above to show you the data of sales.

Lego Lord of the Rings on the PlayStation 3

Here is the 3 month data screenshot.

lord of the rings ps3 3 month data

If you have never seen one of these shots of the data before I can tell you this is a very good sales chart. It shows that the product is still selling very well.

Lets narrow down even further and go with the 1 month data chart.

lord of the rings ps3 1 month data

Here we can see a bit clearer. Essentially what you are looking for is a spike in sales rank. Look at the chart, the figure on the left is sales rank, so this game has a rank which jumps between 5000 and 1000 roughly. Each “jump” or spike in rank is a sale. So you could say from looking at this chart that this game sells about 13 copies a month. It is difficult to put an exact number on it but that is the major spikes I see roughly.

Like I say, I am not an expert but this is how I follow them and I know it is there or thereabouts.

You will see the difference in the next chart.

Harry Potter Scene It Board Game

Here is the 3 month data screenshot.

harry potter 3 month data

This is a much easier chart to read. You can see exactly that is has sold 7 copies of the game. Some may say only 6 but I think on July 10th plot and just after there are 2 sales there.

So – would you send this in?

Of course you would. Its selling 6 copies every 3 months. So, even if your copy sits in the warehouse for a month or two if it is priced correctly then you know it will sell eventually.

Here is the 1 month chart.

harry potter 1 month data

As expected really – the 1 month chart shows a couple of sales. But, if you have picked this up for cheap and you are going to sell it for £50 are you willing to let it wait for a while until it sells?

Yes, you will. You have done your work, your work was to put it in a box and send it in. Just wait now until it sells.

In this particular example I would expect this rank to go even lower (more frequent sales) as Christmas approaches.

I could write a whole book on sales rank alone and what to sell and what not to sell but I can’t go into it here in too much detail. This is meant to be an entry level blog post (or mini course) and this at least will give you an insight into sales rank.

In a nutshell if you are unsure of sales rank, then check it on the website I have suggested above.

Plenty of people I know use different apps and products than the two I have mentioned above. If you prefer a different setup please mention it in the comments below.

How To Send Your First Box In To Amazon FBA?

So hopefully by now you have scanned a few products and you are familiar with sales rank a little and now you want to get a box sent in! Well, this section will show you exactly how to do it.

After you have logged in to your Amazon seller account open your inventory.

Click on manage inventory.

Note: The products used in this demonstration are not guaranteed to sell quickly or at all. I have used my best knowledge to ensure they will sell for me for profit but there are no guarantees. Do not copy these products thinking just because I am selling them that they must sell. Do your own research prior to sending anything in.

how to get your first box into amazon fba

Then click on “Add a Product”

how to send in a box on amazon fba

Here is where you can enter the bar code number of your product. If you are going to make a serious go of this you will want to get yourself a USB bar code scanner to speed things up. Here is a link to the one I use….

Esky 2.4G Wireless Handheld Barcode Scanner

add products to amazon fba

Once you have entered the bar code click on the “Sell Yours” button.

sell your products on fba with amazon

Here you can enter the price and condition. This product is new and sealed so I can list it so.

Warning: Do not list items above their current condition. If something is used do not list it as new. Sounds obvious but people still do it. Especially books, even if you have purchased a book from a shop I personally would still not list it as new.

Amazon has a full page document on how to list your items as per their condition. You can read it here.

If you are unfamiliar with the condition guidelines then I highly recommend you give it a read.

setting your condition for amazon fba

After you have entered your condition and price you can click on “Advanced View” for more options to add to your listing. These are not compulsory, but it will allow you to add more information such as your own notes should you want to.

enable amazon to list and sell for you

Make sure the bottom button as pictured here is enable. You want Amazon to dispatch and provide customer service for your items.

Then click “Save and Finish”.

Save and finish for fba listings

On this next page it will ask you if you want to convert to Fulfilled by Amazon. This is a little confusing as it thinks you are ready to send them in here. You are not ready yet as you want to list multiple products for one box to send in.

So just click “Back” here.

back to inventory on fba

This will take you back to your inventory. Here is where you can simply rinse and repeat the steps above. Do this for all the items you want to send in. This will load up your inventory so you can then move on to the next step.

Don’t worry, nothing is for sale yet.

So – repeat the steps above and do this until all your products are listed in your inventory.

Then when you are ready “select” all the products in your inventory using the tick box on the left hand side of your dashboard.

listing in your inventory amazon FBA

Then click the drop down menu with your selected products.

manage your fba inventory

Next click on “Send/Replenish inventory”

send and replenish inventory

Make sure here the default settings are selected then click on “Continue to shipping plan”

fba box 13

Next is where you enter the quantity of each product you are sending in. Enter 1 into the box shown below.

fba prep

Then click continue.

fba continue

The next section is where you prepare and label your products ready for shipment. You have the choice here of having Amazon do it or you can do it yourself. I have always done it myself but i also know people you choose Amazon to do it for them. For Amazon to so it they charge £0.15 per item. For the purpose of this tutorial I will select “seller” (you) to do it.

Once you have selected “Seller” you can select “Apply to all”

prep labelling for fba

Now you can print your labels by selecting the “Print labels for this page” button.

I use a 27-up sheet. You can buy these from Amazon here.

print and prepare labels for amazon fba box

The video below shows the next few steps in the process. Essentially just labelling your stock.

After you have labelled your products pack them into your box and if necessary use filler paper to pack it out a bit like I have shown here in my box below.

fba box prep

Prepare box for shipment in to amazon fba

Once you have all your products securely in your box, tape it up and in the video below I will show you the next step which is the box labels.

When you have done the box labels and taped them to your box click on “Complete Shipment”

So – after this step you are all done to send it in.

box ready for shipment to fba via ups

I always use a UPS access point. Which means you can drop it off at any of these and UPS will pick it up and deliver it for you. You do not have to pay anything here – the £5.04 will be deducted from your Amazon account.

Payroll is every two weeks so after your first box hits the warehouse and some products start to sell you will more than cover this cost.

ups access point

I have not arranged for boxes to be collected from my house but I know you can do this too for no extra cost. You have to arrange this on the UPS.com website.

I am sorry but I cannot advise on this as I have not done it but I am sure its quote straight forward.

Conclusion and Wrap Up

I hope this tutorial will inspire you to get your first box in. Amazon can be a very rewarding place if you are willing to put the work in.

Whether its just a nice part time boost income stream or a full blown full time income you can achieve it with Amazon FBA.

The real players in the game all started off like this. That first box, learning how to do it. This is by no means the perfect process, the perfect way to do it but it works and its a simple process if you follow the steps.

It gets easier – this may seem like a bit of a headache at first but once you do it you will be knocking out boxes and sending them in now time.

There are many tools of the game which you can use which I will write about in future posts. These can help speed up the process.

For now though its time to master the basics.

I really hope you get on board with this. Trust me – that first sale will put a smile on your face.

If you have any questions or comments I’d love to hear from you. Drop them in the comments box below.

 

Make £1000 Risk Free This Month With Matched Betting

my oddsmonkey matched betting account

Matched betting is nothing new really, broken down its simply a way of moving money from one platform to another.

The best part is you get to keep the money and use it as you wish.

It is completely legal, completely tax free and completely safe.

You will need to know some basics of how it all works though. Once you get your head around it, it is straight forward.

I have personally done this and I can confirm 100% that the method works and I got paid pure profit of close to £1000 with no problems at all.

So, What Exactly Is Matched Betting?

Some people like to think of matched betting as a form of gambling, I guess is sort of is but it’s entirely risk free. So, think of it as gambling, but without the gamble part.

Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance Wikipedia

You are using the bonus offers that bookmakers like to give as an incentive to new customers. If you have ever placed a bet online before then I am sure you would have seen these offers.

If you are completely new to sports betting then you most likely would have not. (But this is nothing to worry about and in actual fact means you can take advantage of more of the new sign up offers!)

Bookies these days are desperate to get new customers and there is a lot of competition for you.

So, let me try and break it down as a simple example.

Let’s say Bookmaker1 has an offer for new customers where when you sign up with your first deposit of £10 you get £30 in free bets.

So, you deposit £10 (usually a minimum) and sure enough they credit you with £30.

Unfortunately, you can’t just withdraw the free £30, it has to be used as free bets.

They will often have restrictions on the type of bets you can make with them.

But what if I said you can bet the £30 in free bets which guarantees you recoup most of it as pure profit? Remember, this is FREE money.

Interested? Good, I shall continue.

Let’s continue with the above offer as an exact example.

You first have the bet your £10 (that you deposited to open the account) but you also have to place a bet called a “lay” bet on the same match using an exchange. (Don’t worry, I will give details of a site which explains all these terms later on)

This effectively cancels out the bet. So, either if you win on the bookie you lose on the exchange or if you lose on the bookie you win on the exchange.

After the first transaction you are still sat at £10 as one would have cancelled the other out effectively.

Now you are eligible to use the free £30 bets and you haven’t lost anything yet.

You simply do the same. You place a bet with the bookie for your £30 and lay the same bet with the exchange. This way whatever the outcome you are going to get about 85% of your £30 back as FREE CASH.

The reason it is only 85% is taking in to account that the odds don’t always exactly match and the exchange takes up to 5% commission for each bet. Only the exchanges take commission not the bookies.

What Are The Exchanges?

The betting exchanges are effectively a platform where you can become the bookmaker. Again, nothing to worry about and ANYONE can do this.

The two most popular exchanges right now are Betfair and Smarkets. You will need an account with at least one of these, I recommend getting set up with both.

Smarkets offer a lower commission at 2% and Betfair use 5%.

The reason I say get both is sometimes the odds match on one but not the other.

Do I Need To Do My Own Calculations To Work This Out?

I must admit having just reread my explanation it does sound a little confusing, especially if you have never placed a bet before. Please bear with it.

Going back a few years you would have needed to calculate all your own matched bets. Whilst it is straight forward you no longer even need to calculate your own bets.

There are many programs and platforms on the internet now that will do this for you.

But, hands down the best platform for matched betting is a website called OddsMonkey

They have on-site calculators that DO ALL THE HARD WORK FOR YOU.

They even go one better and show you the EXACT BETS to place.

The structure of the website is amazing, they have video tutorials on every bet to get you started. The first matched bet you will do will earn you about £16 in about 10 minutes “work”.

What Do I Need To Do Next?

I totally understand if you are a tad sceptical, I was at first. We are taught that if it sounds too good to be true it must be right?

Not the case with this. I can assure you that this is genuine and many thousands of people are doing this. You can trust me.

Like I say with all the tutorials and posts on the site either I personally do them still or I have done them in the past, or at the very least I know some one that is doing it.

With this I personally am doing it.

Here is a snapshot of my own account.

my oddsmonkey matched betting account

I HIGHLY recommend heading over and setting up an account with them. It costs £15 a month but you will make that back on your first bet.

You will obviously need some investment on your own part to get going. This is all explained in detail on the site.

You will see from the picture above that I have only just scratched the surface with this method and there are tons still to go through on the site.

I personally have made close to £1000 using matched betting and after doing one or two bets I found it very straight forward and you will too.

There are people in the OddsMonkey community earning £2000 a month doing this. Some people have even hit insane jackpot offers buts that’s another story.

Please watch this short video from OddsMonkey where they explain in a bit more detail.

Even after the new sign up offers have been used the bookies will keep on sending you offers. You just have to play them correctly using the exchange so you can’t lose. One way or another your money will be safe and you will profit either via the bookie or the exchange. Its win-win!

I will let you decide but please if you want a second income (or third or forth!) then this is really worth checking out.

If you decide to go for it then that’s brilliant news! I wish you all the best with it and please keep in touch so we can share stories and bets!

If you sign up through my OddsMonkey link here then I will earn a small commission from them which will help with my site running costs etc. Totally up to you of course.

You are in really safe hands with OddsMonkey. Their support group is amazing and they have a dedicated forum for users to share their success and help each other out.

Thank you for reading, I really wish you the best of luck (which you don’t need!) in your matched betting journey.

If you have any questions or just liked the post then please drop a comment in below!

Do you think any of your friends would like this? Feel free to share it with them. There is enough for all to go round! A truly excellent side hustle!

You can click the banner below to get started.

OddsMonkey