How can you earn 7 thousand in a month on Amazon FBA

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Norbert is with me.
We welcome all of you.

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Today we’re going to talk
a little bit about Amazon.

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It’s going to be about Amazon FBA –
the section which I don’t operate.

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But it’s the one you often ask about.

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Today I have a guest – Norbert.

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Hi everyone, I’m Norbert.
Thanks for the invitation.

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I’m here today to tell
you what is Amazon FBA.

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If you already know,
I’ll provide you with more specifics.

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Me and Tomek are gonna talk
about what FBA is,

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we’ll compare FBA with
Tomek’s source of income,

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which are e-books
and what Tomek deals with,

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which is publishing books on Amazon.

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That’s what we’ll talk about.

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Yes. We’ll also answer
the questions from ours comments sections.

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Please, introduce yourself.
What do you do? Where do you come from?

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Okay, who am I and what I do?

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Honestly, right now
I’m not some well-known person.

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I lived in England for six years.
I went to work like everyone else.

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And at one point I just got bored of this.

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I worked from nine to six.

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The apartment was in London
and it took me 3 hours for commuting.

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It was just tiring.

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And one time,
while sitting with my girlfriend,

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I started looking for
other sources of income.

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We stumbled upon Amazon FBA,
which is very little known in Poland,

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as we don’t have Amazon here.

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But in the States and in Western Europe
it’s very developed.

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That’s when I wanted to try Amazon FBA.

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It was really difficult and took a lot of
sweat – sometimes even tears.

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But it was all worth it,
as I don’t have to work

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and I can deal fully with Amazon,
which became my source of income.

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Tell us, what is Amazon FBA?
Everyone heard of Amazon, but what’s FBA?

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FBA stands for Fulfillment by Amazon.

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That is, our entire order
is fulfilled by Amazon.

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You have your product which
you send to Amazon’s warehouse

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and like on Allegro –
if someone buys our product,

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you need to pack it,
go to the post and send it.

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While FBA is fully automated.

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You send product to warehouses
and Amazon takes care of everything.

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You just look if the product is selling
and Amazon ships it.

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Amazon charges you for it,
as they need to pack it and ship it,

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but you don’t need to do
a great deal of work.

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You just need to make sure
that your product is in the warehouse.

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This is a very cool situation
and similar to books.

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But Amazon takes care of its sellers
when it comes to easy selling.

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It’s very good, because generally
when you start with a product,

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you need to gain customers.

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While Amazon provides us
with a platform full of customers.

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It’s a big plus.

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Of course, they charge for it,
but it’s still profitable enough for us.

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So, it’s a cool option.

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OK. How did your adventure
with Amazon started?

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How did you start selling
on Amazon FBA?

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I was searching for a way of making money.

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There are a lot of YouTube channels,
but you need to filter them,

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because some of them are about
persuading people to buy something,

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but others are really substantive.

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You know this, as you must’ve acquired
knowledge at the start from them.

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There are very substantive channels
which I’ve watched.

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I began to learn a lot about this topic
and then I wanted to get a course.

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It’s because starting with Amazon
is not that easy

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as selling on Allegro or eBay.

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You need to invest
more skills and knowledge into it.

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So, I decided to buy a course
about selling on Amazon.

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It was my biggest step, because
I paid $4,000 for my course.

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I carefully considered
whether to actually invest the money,

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but I decided that I hate my job,
I want to change my life,

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so I’ll invest, as I have enough savings.

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That’s how my adventure began.

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Now, this course has already
returned tenfold, if not better.

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It was now at the end of October
when I started the course,

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and now it’s July.

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Yes.

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Selling on Amazon is going great
and I don’t regret any money spent.

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So, you started by investing
in yourself, in knowledge.

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Yes, of course.

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I also started years ago with courses
on Amazon and others.

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I also invested in the courses
about morning rituals, etc.

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We’re often afraid to invest
any money into anything,

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while, in fact, the investment –
often small, like a few hundred dollars –

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can change our lives.

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Give us the kind of knowledge
that we can’t acquire on our own.

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I agree with you that it’s worth
to invest through different channels.

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I think that if you’re not ready
to invest in yourself,

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to improve your skills, then you
can’t even think of starting a business.

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You must start from yourself,
from investing, education,

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gaining new skills.

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If someone doesn’t have this approach
and is afraid of it all,

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then there’s no way of life-improvement.

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That’s right. Many people in the comments
on my channel, and probably yours too,

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are afraid to start investing.

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And there’s such a panic,
a fear to spend anything, to do anything.

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But it’s the only way –
to overcome this fear, to act.

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I understand that these are
money gained by hard work

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and now you need to spend them
without the guarantee of success.

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That’s the problem.
But I think that if you just put

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enough hard work in it,
then there are chances of succeeding.

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OK, so the question is how much
can you earn on Amazon FBA

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by selling your products?

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You can earn a lot and a little,
depending on the needs.

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Some people want to earn extra
while working full-time.

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Others want to quit their jobs
and just make a living from it.

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And, to be honest, it’s extremely easy
to earn at least £1,000 a month net

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or €1,000, or $1,000.

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This is an amount
which is very easy to gain.

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It depends – if you’re fine with it,
you can earn 1,000 without any problem.

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But in my case,
while I’m constantly developing,

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at this moment,
it’s $7,200 net a month.

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But my plan is at least
$36,000 net a month.

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It’s a matter of time, of development,
but I see the potential for it.

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It won’t be a problem, but it simply takes
time, willingness and more work.

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But the amounts from $1, 2 or 3
thousand a month are really achievable.

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There won’t be a problem with this,
if enough work is put into it.

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So, there’s no such thing
as a limit on a full-time job

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that you can earn from $500 to 2,000.

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The amount depends on
your work and approach.

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As it’s business,
there’s no upper limit of earnings

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coming from your business or Amazon.

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On a day job you have 8 hours
and you get paid a certain amount.

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But if you decide that you
want to work for 12 hours a day,

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as it will enable you to do more
and give more from you.

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And earn more money.

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As in any business – if you work more,
then more comes back to you.

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Yes. I also encourage to it.

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To take responsibility and not to rely
on a day job, but just act,

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because in this way you can
earn a lot more and do a lot more.

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People often ask me
how to get started.

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As Amazon is difficult, it’s in English.

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Can anyone start?
Is it a platform for everyone?

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Honestly? Yes, everyone can start,
but I don’t want to generalize

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that everyone can drop everything
and start on Amazon.

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First of all, before we start on Amazon,
you have to learn to be motivated,

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to be hard-working
and require more from yourself.

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I wasn’t a motivated person at all.

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I could’ve spent my entire life
playing video games.

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But I needed to grow up,
so I started working full-time

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while I was learning Amazon.

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So, I’d get up
at half past 6, go to work,

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come back at half past 7
in the evening, eat,

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sit at the computer and learn,
and deepen my knowledge.

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So, my day looked like this –
I’d go to work before 7

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and I’d end my day before 12
in order to start again.

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Also weekends,
which I used for learning about Amazon.

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I’d get up in the morning
and spend the whole weekend on studying.

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So, I wouldn’t say that anyone can start,
but rather anyone with the willingness.

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If you can’t force yourself to hard work,
then it won’t make sense.

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It’s like any business – If you
don’t give it all, it will collapse.

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So, first of all, motivated people
who want to change something.

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In addition, English language is needed
as the platform is in English.

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Also in German, French and Spanish.

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However, English is a must-have.

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But again, I also know people who
started with Amazon using a translator.

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These were the people
from the course I took.

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Now, these people know English,
but they didn’t at first.

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But now, their turnover
is $2 million a year.

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So, there’s nothing you can’t do.

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You just have to give a lot from you.

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I often say that an investment
in an Amazon course

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and releasing a first product,
even a cheap one,

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costing $100,
will give us such profits in English

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that we’d spend a lot more
on English language training.

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Exactly.

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You should bear in mind
that you can brush up your English

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in one to three months
and change your level completely.

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Of course. First of all,
if we need something,

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then we’ll learn it very quickly
or find a way to learn it.

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So, the investment in business is also
an investment in English training.

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My language changed 2 years ago
when I started using Amazon.

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It was a very drastic change, when
I published my first books in English.

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But it’s a cool way of learning
by publishing your products.

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So, I think that even if you don’t know
something, you can learn a lot.

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Yes. It’s a passive learning.
You learn the language in practice.

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You don’t sit with books,
but learn it in addition.

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You can learn language by accident.
Such a good investment.

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Anyway, how much capital do you need
at start for publishing products on FBA?

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Frankly speaking, you should have
$2,500 to 3,500 at the beginning.

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But it depends what product
you want to sell.

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You can’t sell everything on Amazon.

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You need to find a product that sells well
and start selling it.

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To be honest, I have
invested in some of my products £3,000,

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that is, around $3,800.

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But I also have a product
in which I invested £800

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and it brings me profit.

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Everything depends on the product,
but it’s safe to start with $2,500-3,500.

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So, you need to invest a bit.
Not millions, but not $100 either.

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Exactly, it’s not a $100 business.

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I will give an example of my
product, the one for £800.

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I invested £800
and after the first month of selling

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the product paid off
and earned another £1,000 for me.

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So, I was able to order it again,
even order more of it,

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as I earned on it
and have something in my pocket.

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The same next month – it was sold
in total for £1,000 and I had 1,500.

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If you find a good product,
the return on investment is very fast.

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So, it’s not that you have this 10,000,
spend it and you don’t know

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when it’s going to pay off.

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They should pay off after a month,
up to 2 months,

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with a bonus for further investments.

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That is, you have to invest a little bit,
but you can have a quick return

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and start earning.

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It’s obvious that
when you invest more,

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you can also gain more.

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Of course. That’s how it works.

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I invested more,
but the returns are much higher.

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And how about economic activity?

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In my case, as I teach
and publish books or e-books,

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you can do it without economic activity,
just as an author.

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That’s how Amazon operates
with printed books and Kindle books.

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However, in case of physical products
abroad or in the US,

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you have to have an economic activity,
if you sell from Poland?

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Yes, Amazon requires
the economic activity.

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Fortunately or not.

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Revenues are such big
that you must tax them

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and that’s when
you need an economic activity.

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Frankly speaking,
as we’re in the EU,

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I highly encourage everyone
to set up an economic activity in England,

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as there the tax system
is very friendly to a human being,

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in contrast to the Polish tax system.

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And then your sales
and your incomes have to be taxed.

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If you want to sell in the US,
you need to set up a company there,

220
00:15:11,400 –> 00:15:17,639
do the accounts there, so it’s more
complicated than just publishing books.

221
00:15:17,640 –> 00:15:22,300
But the profits are different,
also other things come into play.

222
00:15:22,301 –> 00:15:27,471
So, if somebody is afraid of setting up
their own company and in addition

223
00:15:27,472 –> 00:15:34,079
thinks about the fact that they’ll need to
do the accounts in other countries,

224
00:15:34,080 –> 00:15:36,300
then it can be frightening.

225
00:15:36,301 –> 00:15:40,414
But more that 2 million people
currently sell on Amazon,

226
00:15:40,415 –> 00:15:44,229
so if they could’ve done it,
then anything’s possible.

227
00:15:44,230 –> 00:15:46,657
But you don’t have to do it alone.

228
00:15:46,658 –> 00:15:50,543
There are accountancy companies
that help entrepreneurs.

229
00:15:50,544 –> 00:15:54,529
Of course, I don’t even recommend
doing it by yourself.

230
00:15:54,530 –> 00:16:00,700
I’m not good at taxes, so I decided
I need an accountant for this and that.

231
00:16:00,701 –> 00:16:05,100
I’ll just provide invoices
and I want to be settled.

232
00:16:05,101 –> 00:16:08,529
I don’t want to know
anything about taxes.

233
00:16:08,530 –> 00:16:13,457
Exactly, because many people ask me
“how to do the accounts,

234
00:16:13,458 –> 00:16:17,214
how to set a company,
is it that difficult?”.

235
00:16:17,215 –> 00:16:21,971
You just need to outsource everything,
leave money to an accountant

236
00:16:21,972 –> 00:16:24,329
and focus on doing business.

237
00:16:24,330 –> 00:16:29,700
Long time ago, the same thing was
keeping me from opening my own business.

238
00:16:29,701 –> 00:16:31,814
It was this kind of fear.

239
00:16:31,815 –> 00:16:35,943
What’s the solution?
Outsource the work to the accountants.

240
00:16:35,944 –> 00:16:40,543
That’s right. I can’t answer people
these kind of legal questions.

241
00:16:40,544 –> 00:16:43,929
If you have such doubts,
go to your accountant.

242
00:16:43,930 –> 00:16:48,286
I can only tell you
how it looks from my perspective.

243
00:16:48,287 –> 00:16:50,986
I just trust my accountant.

244
00:16:50,987 –> 00:16:53,140
So, what products do you sell?

245
00:16:53,160 –> 00:16:56,642
Which products are worth selling
on Amazon?

246
00:16:56,643 –> 00:16:59,340
And on which Amazon do you sell?

247
00:16:59,341 –> 00:17:05,429
I started the sale on European Amazon,
specifically the UK one,

248
00:17:05,430 –> 00:17:10,586
as I lived there, so it was
easy for me to start selling there.

249
00:17:10,600 –> 00:17:15,614
Now, I’m also selling in the US,
because there’s a good market.

250
00:17:15,615 –> 00:17:20,057
In general, the US is the best
and the biggest market.

251
00:17:20,058 –> 00:17:23,900
There’s the biggest number of products.

252
00:17:23,901 –> 00:17:29,413
Of course, there’s also more competition,
but there’s such a mass of products

253
00:17:29,414 –> 00:17:35,371
that you can easily find something
to start selling without competition.

254
00:17:35,372 –> 00:17:39,843
What am I selling?
Currently, I’m selling 3 products.

255
00:17:39,844 –> 00:17:44,257
I won’t say which ones yet,
but I’m selling 3 products.

256
00:17:44,258 –> 00:17:48,686
Two of them is from
Home & Kitchen category

257
00:17:48,687 –> 00:17:52,086
and the remaining one is Office product.

258
00:17:54,057 –> 00:17:57,514
What are the most profitable
categories on Amazon?

259
00:17:57,515 –> 00:18:01,286
First of all Home & Kitchen,
all children’s categories

260
00:18:01,287 –> 00:18:08,829
and Health & Beauty,
so primarily conditioners and supplements.

261
00:18:08,830 –> 00:18:13,214
Incredible money waits for you there,

262
00:18:13,215 –> 00:18:16,943
but there’s also
an incredible competition.

263
00:18:16,944 –> 00:18:20,400
But if you manage
to publish the right product,

264
00:18:20,401 –> 00:18:23,271
then you’re about to get rich.

265
00:18:23,272 –> 00:18:28,086
OK, so that’s the categories
worth investing in.

266
00:18:28,087 –> 00:18:32,329
But there are plenty of other categories.

267
00:18:32,330 –> 00:18:34,029
Of course.

268
00:18:35,760 –> 00:18:39,143
It’s not that you can’t earn
in other categories,

269
00:18:39,144 –> 00:18:42,660
but that’s the main ones
with mass of consumers.

270
00:18:42,680 –> 00:18:46,943
People will always need stuff for
home, kitchen and children.

271
00:18:46,944 –> 00:18:51,100
Also, supplements and
that kind of health stuff,

272
00:18:51,101 –> 00:18:56,529
as now the world is crazy about
eating healthy and living healthy.

273
00:18:56,530 –> 00:19:01,743
Now, this niche is simply thriving
and you can earn a lot there.

274
00:19:03,429 –> 00:19:08,757
For sure. When I publish a book,
I see the amount of categories in books.

275
00:19:08,758 –> 00:19:12,171
There are a lot of them
and also subcategories.

276
00:19:12,172 –> 00:19:16,100
The amount is enormous
and it’s only related to books.

277
00:19:16,101 –> 00:19:20,014
You can’t even imagine
how many categories there are.

278
00:19:20,015 –> 00:19:23,714
In case of physical products,
there’s several hundred

279
00:19:23,715 –> 00:19:26,129
or thousand times more categories.

280
00:19:26,130 –> 00:19:30,643
We don’t know all the categories
which appear there.

281
00:19:30,644 –> 00:19:35,871
Also, new categories, ideas and products
appear all the time.

282
00:19:35,872 –> 00:19:38,757
So, you can always find your niche.

283
00:19:38,758 –> 00:19:43,071
Of course. When I’m looking for
a new product that I can sell,

284
00:19:43,072 –> 00:19:46,530
I come upon the ones
I didn’t know they existed.

285
00:19:46,560 –> 00:19:50,743
I’m surprised that people want to buy
something like this,

286
00:19:50,744 –> 00:19:54,071
but it turns out that
half of the world uses it.

287
00:19:54,072 –> 00:19:57,929
I’m not surprised that
it’s the same in case of books,

288
00:19:57,930 –> 00:20:03,170
because in physical selling there’s
plenty of categories and subcategories.

289
00:20:03,171 –> 00:20:07,429
Were you interested in
Kindle and selling books at the start?

290
00:20:07,430 –> 00:20:09,429
Did you consider it?

291
00:20:09,430 –> 00:20:13,057
Yes, when I started,
I looked through the channel,

292
00:20:13,058 –> 00:20:15,319
which I can share with you.

293
00:20:15,320 –> 00:20:17,686
This is the Stefan James channel.

294
00:20:17,687 –> 00:20:21,286
– I think you know this one.
– Yes.

295
00:20:21,287 –> 00:20:28,242
He’s in FBA now,
but he started from e-books and Kindle,

296
00:20:28,243 –> 00:20:31,286
so I considered doing the same.

297
00:20:31,287 –> 00:20:34,757
I had a friend who was doing it
and still does.

298
00:20:34,758 –> 00:20:38,800
But I decided that
I want to start with something bigger.

299
00:20:38,801 –> 00:20:41,314
That’s because I had a capital.

300
00:20:41,315 –> 00:20:46,557
Without it, I would have started
from smaller things to gain it.

301
00:20:46,558 –> 00:20:50,400
But I decided to
go straight into physical products.

302
00:20:50,400 –> 00:20:55,714
At the time, he was doing the same,
so I could use his knowledge.

303
00:20:55,715 –> 00:21:00,157
I can’t say that I didn’t think
about starting with e-books,

304
00:21:00,158 –> 00:21:04,199
but I decided to start from
the bigger stuff.

305
00:21:04,200 –> 00:21:08,186
Many people ask me and you
what to start from –

306
00:21:08,187 –> 00:21:10,971
books or physical products?

307
00:21:10,972 –> 00:21:16,629
So, the answer is – it depends on
what we want and on our capital.

308
00:21:16,630 –> 00:21:22,529
I think that you should start by
gaining knowledge from books, e-books

309
00:21:22,530 –> 00:21:25,843
and then move to the physical products.

310
00:21:25,844 –> 00:21:29,357
That’s because
we’ll make mistakes at the start.

311
00:21:29,358 –> 00:21:33,357
You also made them and I did –
by investing and losing.

312
00:21:33,358 –> 00:21:36,900
Especially before I started
investing in knowledge.

313
00:21:36,901 –> 00:21:40,729
It’s good to learn by
publishing e-book or book

314
00:21:40,730 –> 00:21:43,714
and then move to the bigger things.

315
00:21:43,715 –> 00:21:45,686
Don’t you think?

316
00:21:45,687 –> 00:21:48,086
Of course, I agree.

317
00:21:48,087 –> 00:21:54,129
To be honest, nothing will teach you
better than making a sell on Amazon.

318
00:21:54,130 –> 00:21:58,800
No matter which course you’d take,
there are always some details,

319
00:21:58,801 –> 00:22:01,186
something which comes up in time.

320
00:22:01,187 –> 00:22:05,386
So, the sale on Amazon
will teach you more than any course.

321
00:22:05,387 –> 00:22:10,243
However, the available courses
will prevent you from

322
00:22:10,244 –> 00:22:14,971
making basic mistakes
that could be disastrous.

323
00:22:14,972 –> 00:22:19,129
First, you must learn
the basics from these courses

324
00:22:19,130 –> 00:22:22,286
not to make
these simple beginner mistakes.

325
00:22:22,287 –> 00:22:27,642
The course won’t prevent you from
making practical mistakes while selling,

326
00:22:27,643 –> 00:22:31,499
but these mistakes
won’t eliminate you from business.

327
00:22:31,500 –> 00:22:34,314
So, I think that
if you want to start,

328
00:22:34,315 –> 00:22:37,443
selling a product
will give you experience,

329
00:22:37,444 –> 00:22:40,271
but you need to have a proper knowledge.

330
00:22:40,272 –> 00:22:46,079
I doesn’t matter whether you start from
e-books or physical products.

331
00:22:46,080 –> 00:22:50,986
Yes, because I’ve made a lot of mistakes
before investing in knowledge.

332
00:22:50,987 –> 00:22:54,257
I wasted a lot of money and time.

333
00:22:54,258 –> 00:22:58,600
Did you also made some mistakes,
even after taking the course?

334
00:22:58,601 –> 00:23:01,943
Yes. I’m still struggling with
one mistake now,

335
00:23:01,944 –> 00:23:05,686
because even though I took
this very expensive course,

336
00:23:05,687 –> 00:23:11,329
which is advertised as the best
and is even recommended by Amazon,

337
00:23:11,330 –> 00:23:16,229
it then didn’t include
a certain subject matter,

338
00:23:16,230 –> 00:23:20,071
which is now included in the reissue.

339
00:23:20,072 –> 00:23:24,514
Namely, the fact that
Amazon causes major problems in Europe –

340
00:23:24,515 –> 00:23:30,042
not in the US, but in Europe –
i.e., once you registered an account

341
00:23:30,043 –> 00:23:35,043
and wrote some data, e.g.,
I started as a one-man business,

342
00:23:35,044 –> 00:23:39,500
but now I’ve developed
and I changed it to a company.

343
00:23:39,501 –> 00:23:44,386
That’s because it requires different
type of taxation and everything.

344
00:23:44,387 –> 00:23:50,171
But it turned out that the European Amazon
won’t allow me to simply change data.

345
00:23:50,172 –> 00:23:54,243
It requires weeks or months
of waiting for their decision

346
00:23:54,244 –> 00:23:56,586
whether it can be done.

347
00:23:56,587 –> 00:24:00,129
That’s because Amazon
operates on a very old system

348
00:24:00,130 –> 00:24:03,600
and any change in data
can cause problems.

349
00:24:03,601 –> 00:24:07,957
So, they say it’s legally difficult
for them to change data.

350
00:24:07,958 –> 00:24:13,657
That’s what I’m currently struggling with
and it can end up with Amazon saying:

351
00:24:13,658 –> 00:24:18,999
“We cannot change your data in the system,
so you must create a new account”.

352
00:24:19,000 –> 00:24:23,357
It’d mean that I’ll lost
everything I had on the old account.

353
00:24:23,358 –> 00:24:27,600
All the reviews, products –
I’ll need to start from scratch.

354
00:24:27,601 –> 00:24:29,943
– That’s a major obstacle.
– Yes.

355
00:24:29,944 –> 00:24:33,543
And it’s a big error
that I wasn’t informed about.

356
00:24:33,544 –> 00:24:38,029
That’s why I start my own course
from telling people to determine

357
00:24:38,030 –> 00:24:42,270
whether you just want to moonlight
or make a lot of money.

358
00:24:42,271 –> 00:24:46,514
If a lot, then you
need to start a company.

359
00:24:46,515 –> 00:24:50,330
Otherwise,
you can lose everything later on.

360
00:24:50,331 –> 00:24:54,929
So, I’m still dealing with consequences
of this simple mistake.

361
00:24:54,930 –> 00:25:00,371
I needed to make an extensive research,
as people don’t talk about it much.

362
00:25:00,372 –> 00:25:05,257
When you know what you’re dealing with,
you’ll find the specifics.

363
00:25:05,258 –> 00:25:11,014
But it’s not clearly stated anywhere that
you should watch out for this situation.

364
00:25:11,015 –> 00:25:15,186
Doing business on Amazon
is challenging for sure.

365
00:25:15,187 –> 00:25:19,414
But many people would like to start.
The question is – how?

366
00:25:19,415 –> 00:25:23,257
How to start doing business
on Amazon in Poland?

367
00:25:23,258 –> 00:25:27,014
Because people want to
find out about this from us.

368
00:25:27,015 –> 00:25:33,471
First of all – I’ll smile, as I don’t
want to be accused of self-advertising –

369
00:25:33,472 –> 00:25:37,443
but I really recommend
starting with the course.

370
00:25:37,444 –> 00:25:41,143
No matter whether
you choose mine or any else.

371
00:25:41,144 –> 00:25:44,286
Really – start with the course.

372
00:25:44,287 –> 00:25:48,180
This is the basic investment
you should make.

373
00:25:48,200 –> 00:25:52,243
That’s because you can make
so many mistakes at the start

374
00:25:52,244 –> 00:25:56,529
that you’ll waste time, lose money
and get nothing out of it.

375
00:25:56,530 –> 00:26:01,186
If you buy a course, you can gain
knowledge and then start with it.

376
00:26:01,187 –> 00:26:05,600
That’s most important –
buy course and learn about Amazon.

377
00:26:05,601 –> 00:26:10,486
It’s not Allegro or eBay,
it operates completely different.

378
00:26:10,487 –> 00:26:15,029
And then, above all, you have to
invest in setting up a business.

379
00:26:15,030 –> 00:26:18,986
Not as much investing money
as investing yourself in it,

380
00:26:18,987 –> 00:26:22,714
so that you invest your time –
that’s what’s needed.

381
00:26:22,715 –> 00:26:26,114
That’s the basis for starting with Amazon.

382
00:26:26,115 –> 00:26:30,257
And then, obviously, finding
a product, selling, marketing.

383
00:26:30,258 –> 00:26:33,900
There are plenty of issues,
but these are the ones

384
00:26:33,901 –> 00:26:36,400
that should be taken at the outset.

385
00:26:36,401 –> 00:26:41,956
I agree. As I often say,
my first book was a total flop.

386
00:26:41,957 –> 00:26:47,742
After buying a course,
my second book was a bestseller.

387
00:26:47,743 –> 00:26:53,171
So, you can clearly see the difference
that someone’s knowledge gives you.

388
00:26:53,172 –> 00:26:58,614
It doesn’t matter if the course will be
about Amazon or business in general,

389
00:26:58,615 –> 00:27:01,986
but you shouldn’t be afraid of
investing in it,

390
00:27:01,987 –> 00:27:04,857
as knowledge
accelerates your progress.

391
00:27:04,858 –> 00:27:10,886
For $100 or 500 you gain knowledge from
somebody who has done it for a few years.

392
00:27:10,887 –> 00:27:16,614
The question is – do you have a few years
to learn or is it better to buy a course?

393
00:27:16,615 –> 00:27:18,757
How do you think?

394
00:27:18,758 –> 00:27:21,057
I also make this assumption.

395
00:27:21,058 –> 00:27:26,719
I’m not saying that the knowledge from
my course cannot be found anywhere else.

396
00:27:26,720 –> 00:27:30,886
Of course, this knowledge
can be found everywhere.

397
00:27:30,887 –> 00:27:34,998
But the time you need to spend
on search and preparation,

398
00:27:35,000 –> 00:27:38,943
as it is already arranged in the course,
is priceless.

399
00:27:38,944 –> 00:27:42,443
You’d have to invest
lots and lots of time.

400
00:27:42,444 –> 00:27:46,914
And also, as an example,
you’re talking about your beginnings

401
00:27:46,915 –> 00:27:50,986
and a flopped first book –
I also talked with some people

402
00:27:50,987 –> 00:27:55,719
who decided not to buy
my course and learn on their own.

403
00:27:55,720 –> 00:27:58,957
I said that I have no problem with it.

404
00:27:58,958 –> 00:28:02,429
After about a month
some of them reached to me,

405
00:28:02,430 –> 00:28:07,486
saying that they have issues,
can’t do something or their sales dropped.

406
00:28:07,487 –> 00:28:12,243
“How to deal with it? My product
is a total flop. What can I do?”.

407
00:28:12,244 –> 00:28:17,114
And now it turns out that
these people have incurred a bigger cost,

408
00:28:17,115 –> 00:28:21,800
as they’ve invested in their product
which is not selling at all.

409
00:28:21,801 –> 00:28:28,286
So, I think a course is the basis and
I encourage you to invest in yourself.

410
00:28:28,287 –> 00:28:33,186
My last question is – how to achieve
success on Amazon FBA?

411
00:28:33,187 –> 00:28:36,800
You said a bit about it,
but how to succeed

412
00:28:36,801 –> 00:28:41,330
when selling products on Amazon FBA?

413
00:28:41,360 –> 00:28:44,671
Above all – benefit from
someone’s experience.

414
00:28:44,672 –> 00:28:48,256
There are a lot of people
who’ve already done this,

415
00:28:48,257 –> 00:28:52,000
so if they succeeded,
just do what they’ve been doing.

416
00:28:52,001 –> 00:28:55,757
That’s the simplest advice –
if you want to succeed,

417
00:28:55,758 –> 00:28:57,671
follow in their footsteps.

418
00:28:57,672 –> 00:29:02,157
Don’t try to reinvent the wheel.
Make use of what’s available.

419
00:29:02,158 –> 00:29:05,243
And – above all –
work, work and work.

420
00:29:05,244 –> 00:29:11,643
It’s not that once you buy a course,
you start selling, gaining lots of money.

421
00:29:11,644 –> 00:29:14,757
No. You need to make a lot of effort.

422
00:29:14,758 –> 00:29:19,214
A few years later, you’ll be able to
spend 1-2 hours a day on it.

423
00:29:19,215 –> 00:29:23,429
But at the start, you’ll need to devote
10-12 hours a day.

424
00:29:23,430 –> 00:29:29,157
You need to be prepared for
hard work and sweating blood.

425
00:29:30,657 –> 00:29:35,871
This business is no different
from any other business.

426
00:29:35,872 –> 00:29:41,128
It’s the same as if you’d have
a construction company or anything else.

427
00:29:41,129 –> 00:29:44,300
The company’s boss gets up,
work, boss around

428
00:29:44,301 –> 00:29:48,143
and put their time,
their money and their effort in it.

429
00:29:48,144 –> 00:29:51,014
You also need to put your effort in it,

430
00:29:51,015 –> 00:29:53,986
or else you won’t get anything out of it.

431
00:29:53,987 –> 00:29:55,557
I completely agree.

432
00:29:55,558 –> 00:30:01,257
I often get messages or see opinions
that it’s enough to buy a course,

433
00:30:01,258 –> 00:30:05,014
read a book
and you already know everything.

434
00:30:05,015 –> 00:30:08,057
But you still don’t earn money.
Why is that?

435
00:30:08,058 –> 00:30:12,050
That’s because you need to work all day
or after hours,

436
00:30:12,080 –> 00:30:16,086
as at the start you often combine it
with your day job.

437
00:30:16,087 –> 00:30:19,800
You need to sacrifice afternoons,
weekends, Sundays,

438
00:30:19,801 –> 00:30:23,471
when everyone go for a beer
and you need to study.

439
00:30:23,472 –> 00:30:27,571
It’s up to you whether
your business will be successful.

440
00:30:27,572 –> 00:30:30,957
It’s not up to a book
or course that you bought.

441
00:30:30,958 –> 00:30:35,329
I want to warn everybody
that while you should gain knowledge,

442
00:30:35,330 –> 00:30:39,857
you also have to put in
a lot of hard work – and that’s the key.

443
00:30:39,858 –> 00:30:43,657
It’d be too easy,
if you just got some pieces of advice

444
00:30:43,658 –> 00:30:48,914
and suddenly you’d make as much
money as the big fishes of this business.

445
00:30:48,915 –> 00:30:52,871
They also weren’t sitting
on their asses, doing nothing.

446
00:30:52,872 –> 00:30:56,029
They also put in incredibly hard work.

447
00:30:56,030 –> 00:31:00,485
When I bought a course,
I was prepared not to earn

448
00:31:00,486 –> 00:31:06,100
as much money at the start
as the person who sold me this course.

449
00:31:06,101 –> 00:31:08,586
You must work your way to it.

450
00:31:08,587 –> 00:31:12,486
That’s why you shouldn’t be
so afraid of competition,

451
00:31:12,487 –> 00:31:16,014
as everyone can buy a course
and start business,

452
00:31:16,015 –> 00:31:20,028
but a few of them will be able to work
8 or 6 hours a day

453
00:31:20,029 –> 00:31:23,029
and move up in any kind of business.

454
00:31:23,030 –> 00:31:26,871
Remember that your hard work
can elevate you on top.

455
00:31:26,872 –> 00:31:29,486
You’ll earn money and enjoy it.

456
00:31:29,487 –> 00:31:32,057
You can even leave your day job.

457
00:31:32,058 –> 00:31:37,043
Don’t be afraid of competition.
Just act, because it can be achieved.

458
00:31:37,044 –> 00:31:41,371
We’re both the examples of this
and I want everyone to know

459
00:31:41,372 –> 00:31:44,386
that it’s possible,
if you really want it.

460
00:31:44,387 –> 00:31:47,457
Exactly.
Competition will always be there.

461
00:31:47,458 –> 00:31:54,129
There’s always someone two steps ahead,
but there’s also somebody one step behind.

462
00:31:54,130 –> 00:31:58,100
We just need to try being
at the front of the pack.

463
00:31:58,101 –> 00:32:02,614
I hope that we’ve answered
the most important questions

464
00:32:02,615 –> 00:32:04,814
about Amazon FBA.

465
00:32:04,815 –> 00:32:08,871
For further questions,
use comment section below.

466
00:32:08,872 –> 00:32:12,500
We’ll answer these questions
on this topic.

467
00:32:12,501 –> 00:32:15,529
Tell viewers
where they can find you.

468
00:32:15,530 –> 00:32:20,357
You can find me on YouTube
by my name.

469
00:32:20,358 –> 00:32:26,914
We also have a Facebook group
dedicated to Amazon FBA.

470
00:32:26,915 –> 00:32:32,839
The links will be available
below this video.

471
00:32:32,840 –> 00:32:38,600
Many people have already gathered there.
A thousand or so.

472
00:32:38,601 –> 00:32:42,214
You can ask questions there.

473
00:32:42,215 –> 00:32:47,000
Members of this group
will gladly provide you with answers.

474
00:32:47,001 –> 00:32:51,214
Those are the main 2 places
where you can find me.

475
00:32:51,215 –> 00:32:53,771
YouTube and the Facebook group.

476
00:32:53,772 –> 00:32:58,443
I also encourage you to check out
Norbert’s channel, group

477
00:32:58,444 –> 00:33:00,500
where you can learn more.

478
00:33:00,501 –> 00:33:05,557
Thank you very much for providing
my viewers with information.

479
00:33:05,558 –> 00:33:09,086
I hope it’ll be a nice supplement
for my channel,

480
00:33:09,087 –> 00:33:12,271
which is mainly about books
and now also FBA.

481
00:33:12,272 –> 00:33:16,100
– Thank you a lot for a meeting.
– Thank you.

482
00:33:16,101 –> 00:33:19,529
We’ll surely meet again,
maybe in person.

483
00:33:19,530 –> 00:33:23,090
If not, we’ll do another interview.

484
00:33:23,091 –> 00:33:26,271
Of course.
I’m in Poland, so I’m available.

485
00:33:26,272 –> 00:33:31,129
My work enables me to meet with
anyone anywhere in Poland everyday.

486
00:33:31,130 –> 00:33:36,200
– Are you going to stay in Poland?
– Yes, for 2 years at least.

487
00:33:36,201 –> 00:33:40,428
But then I think I’ll try
moving to the US.

488
00:33:40,429 –> 00:33:45,243
– We’ll see how it goes.
– I’m keeping my fingers crossed.

489
00:33:45,244 –> 00:33:48,486
I hope you’ll upload
some videos from there.

490
00:33:48,487 –> 00:33:52,599
California is my destination,
so they can be interesting.

491
00:33:52,600 –> 00:33:56,000
That’s why I’m in Poland
to develop my business,

492
00:33:56,001 –> 00:33:59,886
because the cost of living
would be higher in England.

493
00:33:59,887 –> 00:34:04,229
So I decided to come back to Poland,
develop business properly

494
00:34:04,230 –> 00:34:08,919
and then move to the US,
but we’ll see how it turns out in 2 years.

495
00:34:08,920 –> 00:34:12,157
– I’m keeping my fingers crossed.
– Thank you.

496
00:34:12,158 –> 00:34:15,186
Thanks to everyone for watching. Bye.

497
00:34:15,187 –> 00:34:17,400
– Bye.
– See you.