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Abraham Mussio - The a to Z of Amazon FBA: A Step By Step Guide to Building a Profitable Amazon Business

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Abraham Mussio The a to Z of Amazon FBA: A Step By Step Guide to Building a Profitable Amazon Business
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The a to Z of Amazon FBA: A Step By Step Guide to Building a Profitable Amazon Business: summary, description and annotation

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This comprehensive guide spans 30 chapters across 8 sections. Section 1 introduces you to Amazon FBA and our business. Section 2 dives right into setting up the business. In this section, you will choose a business structure, start buying your tools and setting up your workspace as well as sign up for your FBA account. Section 3 will show you how to effectively B2B source (sourcing from business vendors such as manufacturers, distributors and wholesalers). Section 4 will show you how to increase your sourcing potential by adding retail and online arbitrage to the mix, as well as thinking outside of the box when it comes to sourcing. Section 5 takes you through sending in your first shipment into an Amazon warehouse. From preparation to packing to shipping, we walk you through each part step by step. Section 6 covers the key operations involved with running an FBA business such as repricing, monitoring inventory age and handling returns & reimbursements. Section 7 takes a look at how to keep up with your accounting & financials. And lastly, Section 8 discusses how to streamline and automate parts of your FBA business to put time and money back in your pocket.

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All rights reserved No part of this publication may be reproduced - photo 1

All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

ISBN: 9781543914290

A Note from The Author

First and foremost: Thank you for buying our book!

Before we get started, lets get the legal disclaimers out of the way:

Earning & Income Disclaimer

Any earnings or income statements presented in this book are examples from our business and do not represent an assurance that you will do as well. If you rely upon our figures, you must accept the risk of not doing as well.

There can be no assurance that any prior successes, or past results, as to income earnings, can be used as an indication of your future success or results.

We do not guarantee or imply that you make any profit at all.

Amazon businesses and earnings derived therefrom have unknown risks involved, and are not suitable for everyone. Making decisions based on any information presented in this book should be done only with the knowledge that you could experience significant losses, or make no money at all. Only risk capital you can afford to risk.

Use caution and seek the advice of qualified professionals before making any business decisions. Check with your accounting, lawyer, or other professional advisors, before acting on any information in this book.

Readers are advised to do their own due diligence when it comes to making business decisions. You agree that we are not responsible for the success or failure of your business decisions relating to any information presented in this book.

Whew! That was a mouthful Where were we? Ah, yes: thank you for buying the book!

By doing so, we have entered into somewhat of an informal contract: you have spent your hard-earned money in exchange for the knowledge to start an Amazon FBA business. We plan to hold up our end of the deal.

This book will show you how to replicate what weve done with Amazons FBA program in clear, black and

white steps while helping you avoid the pitfalls we made along the way. We sincerely hope you extract

exponentially more value from the book than what you paid.

See you on Amazon!

Abraham Mussio

P.S. Feel free to email me if you ever want to talk FBA

Section 1 First Things First

In this section, we will introduce you to our FBA operation, explain what Amazons FBA program is and help you evaluate whether starting an FBA business is right for you.

Chapter 1 Our Story

In August of 2014 my good friend, Kamel Atarieh, had a dilemma. Like many other hard working nine-to-fivers, his job just wasnt providing enough money to make much of a dent in his student loans after all his living expenses had been paid. Having been an avid movie collector, he decided to sell his collection to generate some side income.

So here we are in August of 2014 and Kamel has approximately 600 movies (a mix of DVDs and Blu-Rays) to sell; many of which were still new and unopened. So where to sell them?

eBay? Too much work creating individual listings for each movie and then having to ship them one by one as they sell. Craigslist? Too many scams and you run the risk that comes with dealing with strangers face to face. Eventually, after much research, he discovered Amazons FBA program.

Simply send the movies in as inventory against the existing product listings on Amazons website and they take care of the fulfillment and customer service when it sells? Sounds easy enough So he dived head first into the Amazon FBA program using a spare room in his house as an office/workspace.

Theres no way around it, the first few months were nothing short of sloppy. Just look at this photo of his original work space:

He was working off a single monitor on plastic picnic tables and had exactly - photo 2

He was working off a single monitor on plastic picnic tables and had exactly one inventory shelf (a repurposed IKEA bookshelf). There were boxes, supplies & inventory strewn about in no coherent order. If youre like me, the workspace would make you anxious just walking into it due to the sheer clutter!

And yet it worked He was up and running on Amazon in less than a week and by the middle of September, a mere month after starting, had all of his movies at an FBA warehouse and listed on Amazon.com. By the end of September, he had sold $2,223.47 worth of his movie collection and made $1,663.90 after Amazons fees:

As his movie collection dwindled and having experienced some success selling on - photo 3

As his movie collection dwindled and having experienced some success selling on Amazon, Kamel decided to reinvest the proceeds and expand into retail arbitrage: the practice of buying items from retail stores and selling them for a higher price on Amazon. Unfortunately, retail arbitrage is much harder to get into nowadays, but there are still opportunities to make money on Amazon using this method (more on that later in the book).

By the end of the fourth quarter of 2014, Kamel had sold nearly 80% of the movies he sent in and was making a few hundred dollars a month from selling items he sourced at retail stores through Amazon. Here was his last payment from Amazon in 2014:

But things were starting to get messy supplies inventory started to creep - photo 4

But things were starting to get messy: supplies & inventory started to creep into his living spaces, he was spending long hours at retail stores looking for the next item to sell, and finagling his way through spreadsheets to keep up with various business reports and financials. The business he bulldozed his way into was starting to take up too much of his time

This is where I come in. My name is Abraham Mussio and I am the one writing this book. Where Kamel prefers to brute force his way to results, I prefer finding the most efficient way of doing something. Suffice to say, our skillsets were a perfect match. And so, in February of 2015, Kyles Corner was born.

Thats the name of our FBA store. We each contributed $1500 to the business, formalized it under an LLC and began working on growing it: Kamel focusing on finding inventory to sell and I on streamlining operations. Fast forward to today and we have been using Amazons FBA program to bring in a healthy side income for years.

How successful is our FBA business? Thats up to your opinion. Here are our last months figures (July 2017):

We made 422998 in profit working about 10 hours a week on the business Not - photo 5

We made $4,229.98 in profit working about 10 hours a week on the business. Not get rich quick money, but an extra $2,000 a month for each of us doesnt hurt.

The business currently brings in about $4-5,000 a month year-round with upticks to about $8,000 during the busy Q4 season (when holiday shopping is in full effect).

August is shaping up to be another $4-5,000 month in net profit (we still have 4 days left in the month):

So Why Disclose Our Business Operations A fair question There are 4 main - photo 6

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