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