Ask a guy who started an Amazon business in late April and has made $490k (Gross) anything UPDATE

Discussion in 'General' started by oh you mad, Sep 30, 2014.

  1. oh you mad

    oh you mad

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    I will not disclose my amazon store name, or specific products. 

    No PMs, someone else might have the same question as you. 

    I am 24yrs old, College drop-out. We Import directly from Chinese manufactures. I have a Chinese partner and we work from a 5,000sq ft warehouse. His father in China helps us get the inventory for CHEAP which allows us to sell it on amazon for big profits. 

    100% of our amazon inventory is "Fulfillment by amazon" 

    I probably won't be able to help answering the "getting in contact with Chinese factories" because thats my partners job. 

    I am doing this because NT has given a lot to me and I want to give back and help some of you guys out.

    My inspiration was these guys:

    http://www.inc.com/profile/yagoozon

    UPDATE:

    A year later, 

    I am very proud to know that I was able to create something from scratch and grow it into something I never imagined. 

    Of course this is gross and our net is much lower but I don't care. I grew up having nothing and working my way up to this point is a incredible feeling. 
     
    Last edited: Oct 20, 2015
    ondiiish, whatcanisay, iYen and 36 others like this.
  2. offbad

    offbad

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    congratulations!

    how many hrs/week do you devote to maintaining the store

    what's your staff like (positions and number)

    what's included in your overhead
     
  3. lamekilla

    lamekilla

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    Congratulations!
     
  4. tsamshox

    tsamshox

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    Do u use alibaba?
     
    hank scorpio likes this.
  5. dh1water

    dh1water Banned

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    [​IMG][​IMG]All the spinoff threads tonight are [​IMG][​IMG]
     
  6. bendover

    bendover

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    How many people work for ya?
    What do you sell?
    Why you never at the NT Summits?
     
  7. oh you mad

    oh you mad

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    Thanks

    First couple of months we were putting in 70+hrs 7days a week, Now we do about 30 a week (50 if we receive a container).   

    It is 3 of us, 1 Full time employee

    Overhead- Warehouse lease, 1 employee, our salaries, inventory, and transportation. Oh and of course amazon fees.  
     
  8. oh you mad

    oh you mad

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    No, we deal directly with manufacturers. 
     
  9. executive76

    executive76

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    .
     
    Last edited: Sep 30, 2014
  10. AZwildcats

    AZwildcats

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    My friend does the same thing selling laptop batteries and phone accessories on Amazon. Makes good money doing it to. Keep it going OP
     
  11. oh you mad

    oh you mad

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    1 full time employee

    We sell anything high rank and generic/unbranded on amazon

    I was gonna go to the last ben baller/dodger game summit in 2011 but my car broke down that weekend. [​IMG]
     
  12. lamekilla

    lamekilla

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    Interested in some Internet marketing. My boy does something similar but generates revenue with website traffic. He's the cheapest mofo on the planet though. Should've posted about him in the cheap friends thread :smh:
     
  13. TheGodFresco

    TheGodFresco formerly gsdoubleu

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    How much do YOU make after all the overhead? Are these electronic items?
     
  14. tsamshox

    tsamshox

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    How did you link up with your Chinese partner?
     
  15. tay1

    tay1

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    Read post, looked at sn, and slowly nodded

    anywayz how much of a percentage does Amazon take from you?
     
    Last edited: Sep 30, 2014
  16. oh you mad

    oh you mad

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    No electronics. A lot of wall art, kitchen/restaurant supplies, Toys, Wedding decor, seasonal items, 

    We have made appox 170k so far. Initial investment was 30k plus 60k owed for the first container. 
     
  17. oh you mad

    oh you mad

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    It depends on weight and size of the item, since Amazon Fulfills our orders the fees are much higher because they include shipping in the fee. (Amazon's deeply discounted shipping rates)
     
  18. Ox.

    Ox. formerly oxpenguin

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    you hiring?

    I need a job.
     
  19. tupac jordan

    tupac jordan

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    I overslept 5 minutes today & lost $3,000,000 going back to Android alarms.
     
    Last edited: Sep 30, 2014
  20. TheGodFresco

    TheGodFresco formerly gsdoubleu

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    How does one go about finding a partner like this to import all the chinese items? this is something ive always wanted to do but never knew where to start