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How Long Does It Take To Turn a Profit From Day 1?
Typical Cycle:
- Place 30% Down - For this example let’s say your total product cost for the whole order = $4,000.
- 30% = $1200 up front. Disregarding 1-time expenses like images, custom fees, inspection fees, wire fees, etc… (and software)
- Time To List - You now have 30 days to play with while your product is in production.
- After 30 days, you pay the remaining 70% = $2,800. Plus an extra $1,000 for shipping.
- In first 30 days, you’re down $5k.
- Now time to start the launch promo. Giveaway 200 units.
- Total FBA fees per/unit sold = $6.95. ($6.95 x 200 = $1,390)
Now you’re down $6,390 and you haven’t even made an organic sale
- Need to re-order! Another 30% = $1,200
- Down $7,590
- NOW you start making organic sales and sponsored ads sales for a net profit of around 30%. You sell 200 units at a 30% margin over next 30 days.
- 200 units w/sale price of $24.99 = $4,998
- $4,998 x 0.3 = $1,499.4 in profit
Now Only Down $6,090.6
- Now it’s 30 days later and you must pay your remaining 70% & shipping for the second order!
Do you see how this works??
- Most efficient way I’ve ever seen is my own system which I call the “mimic system”
SUMMARY - WHAT TO MAKE OF THIS
1. Pick a product that has a solid profit margin and ROI. It makes this positive cash-flow process SOO much easier and faster
2. Don’t Panic - This cycle is completely normal for any private label, physical products business.
3. Your GOAL! - If you have limited funds, don’t spread yourself too thin by reinvesting into new products. FIRST make your initial product profitable. Realistic goal to start turning profit is 90-120 days.
Best Way To Execute Positive Cash-flow For Your FBA Biz?
1. High profit margin product
2. High ROI product
3. Evergreen product (not seasonal)
4. Not overly competitive and the sponsored ads bid prices are reasonable
5. Use the “mimic’ system (taught on YT for free, as well as in my course (in more depth)
6. Focus heavily on making your first product profitable before investing into product #2
7. Don’t run out of stock
8. KNOW YOUR NUMBERS! Don't play blind archery...
Disclaimer: These are simply the views and opinions of Pete Coulis, not financial advice. Pete Coulis is not a lawyer or financial adviser, nor is he liable for any misinterpretation of the messages conveyed in the videos. These videos are for entertainment and educational purposes only. You must accept all risk and responsibility for your own actions. Also... some of the links above may be affiliate links; meaning Pete may get monetarily compensated in some way if you make a purchase.
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