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How to make money on amazon PART TIME! (do this before quitting your job)

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    Can you do Amazon
    part time?
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    Beau, you know,
    I'm running my job
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    I work 9 to 5, it's hard
    to contact suppliers
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    How can I manage myself?
    Do I need to quit my job?
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    And the answer is,
    you don't have to quit your job
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    You can do this
    part time
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    And actually,
    I recommend it at the start
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    And here's why,
    I'm all about being profitable
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    believe it or not
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    All about an ROI
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    If you are doing this
    business part time
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    where you still have income
    coming in from a job, right?
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    You probably don't want to give up
    an income source and tell, right?
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    And when people tell me,
    it's actually hilarious
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    And I want you to get this
    out of your mouth
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    Never say the words:
    "I want to replace my income"
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    You know,
    people always ask me
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    Beau, can I replace my
    income with selling online
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    And people see ads all the time
    from all these people that are
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    like flashing around
    their Lambos and saying
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    oh how you can replace your
    income with Amazon FBA
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    when in reality, they never
    even did themselves
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    But that's a really
    idiotic word
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    You know, I read
    books all the time
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    I just read some books
    by Warren Buffett
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    about being
    a value investor
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    And an investor like Warren Buffett
    would never wanna
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    replace his income
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    Replacing is another word
    of getting rid of
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    Why would you wanna get rid
    of an income stream?
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    Now, I understand, what you're
    saying to yourself is you
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    want your income
    to get replaced
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    Where now, you have
    more freedom
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    and your time is worth
    more in your business
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    That's when you
    go all-aboard
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    Right, so when
    someone tells me
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    okay, I wanna quit my job
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    Well now you have
    no income coming in
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    You still have expenses,
    you still have to eat
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    A lot of you still have a mortgage,
    you still have rent
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    you have kids, you have
    all these other things
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    Well let's say you have
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    Say your expenses,
    if you're frugal, $2,000 a month
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    Let's say you make 20%
    return on investment on a product
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    So for you, to make
    an extra $2,000
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    To break even,
    make $0 in a month
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    Work literally Amazon paycheck
    to Amazon paycheck
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    you have to invest
    $10,000 every single month
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    just to break even
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    So when people tell me, Beau,
    I actually have a warehouse
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    Why do I wanna spend
    $9,000 on a warehouse
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    and have
    employees do it?
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    If I'm making a 15%
    return on investment
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    I have to go shell out $60,000 extra
    every single month of inventory
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    I'd rather be
    efficient and lean
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    If you have a
    part time job
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    where now,
    your expenses
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    your living expenses are not
    getting eaten to your business
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    'Cause what you want,
    my goof friend Kael taught me this
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    You want your investments
    to never be interrupted
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    Like for example, if you go on like
    a compound interest calculator
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    I actually did this
    math the other day
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    if you're just taxed
    an extra like 20%
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    on investments
    growing by 50% a year
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    $50,000 will get like
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    you literally lose out on like
    3 million dollars in like 10 years
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    or something crazy like that
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    But when you are
    interrupting your investments
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    which means like you have
    your expenses coming in
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    that's where you're gonna
    start to lose a lot of money
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    So to recap this
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    1, can you do
    Amazon part time?
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    Yes, you can
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    100%
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    Now, when should
    you do it full time?
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    I would say to this,
    when you should do it full time
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    is when your passive income
    exceeds your expenses
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    So now you can go full,
    board into your business
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    and you have no
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    And then here's the third point,
    you have nothing being interrupted
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    for growing your business
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    So that's about it
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    If you like this video,
    give it a thumbs up
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    If you have any questions at all,
    comment down below
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    I'm here to help
    in every single way
  • 3:08 - 3:10
    And have a great day
Title:
How to make money on amazon PART TIME! (do this before quitting your job)
Video Language:
English
Duration:
03:10

English subtitles

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