In one of my previous posts about Dan Lok’s High Ticket Closer Program, you must have seen in it where I mentioned that I would be doing Amazon FBA to add as another source of my income.
Well, today is the day that I am going to share with you how I got started in this lucrative business by following Youngjoon Sun’s advice to really understand how to be successful using the wholesale method of selling on Amazon.
Even though this is another great business model, I must also tell you that it is definitely not for everyone.
If you are thinking that it is easy and does not require work, effort and a lot of time, then it is not the business for you.
It will require that you fully understand that it takes a lot of learning, persistence, ACTION, and it can seem to be very frustrating especially if you have no prior experience.
But if you are a very serious business person who understands what it takes to succeed and is able to follow Young’s coaching, then you will be well on your way to being successful at it.
And it doesn’t matter where in the world you are located…
How it all started…
So, before I got contacted on Facebook messenger by Young, I was just getting my Shopify business off the ground.
Things were going decently at that point.
The screenshot you see below shows that I was making sales in just over a month since I started.
To be honest with you, Shopify is a great business model that I personally like.
The main issue I had with it is that the fees for advertisement can become quite expensive especially in the beginning.
So let me break down how it works for you in a nutshell:
Basically what I was doing is setting up a store, uploading images/inventory using the Shopify Oberlo app, advertising the store on Facebook – then whenever someone makes a purchase I would then go to Aliexpress, purchase that same product at a lower cost, have it shipped out to the customer, then keep the difference in profit.
It’s quite a simple process once you have the proper education and guidance, have money to advertise and to buy those products from Aliexpress.
And just so you know, I learned everything about selling on Shopify successfully by following the Shopify Ninja Masterclass course by Kevin David.
So having said all that, let us now get back to YoungJoon Sun’s Amazon FBA wholesale coaching…
First of all, it’s good for you to know that there are other ways besides Young’s method for you to sell on Amazon.
You can choose to do private labeling – this is where you buy a product directly from a manufacturer and have them place your own logo/label on it.
This method is also more widely taught by many Gurus out there, and I can tell you that this is the most expensive method of selling on Amazon, with some courses on the market going for upwards to $4000 US dollars and inventory costing at least $2K + shipping.
You can choose to do retail arbitrage – this is where you find low priced items in retail stores such a Walmart, then flip them for a profit on Amazon.com
Then you have online arbitrage, which is basically retail arbitrage – but strictly online.
Both these two arbitrage methods are less expensive to get into, however, it is not a long-term business strategy, plus there are many risks associated with it which can get your account suspended by Amazon.
Youngjoon Sun teaches the BEST way to sell on Amazon
In my opinion, YoungJoon teaches the sustainable and most proven long-term way to sell on Amazon.
This method is known as wholesale or online retail.
What you are basically doing is
- Reaching out to suppliers who sell name brand products in bulk quantities
- Setting up an account with them
- Getting a list of their products with UPC codes, as well as their wholesale prices
- Buying the products when you find something profitable
- Listing those items in your Amazon store and let Amazon handle the selling (FBA)
- Keep repeating the process to find more profitable products…
Young pretty much shows you step by step how to get set up in the business and I can tell you that what he teaches absolutely works.
Is Youngjoon providing support?
Yes, he does.
Whenever time I have a question and reaches out to him, he has never failed to provide an answer.
He is available on Facebook messenger, Skype and we have also spoken on the phone.
It is encouraging and reassuring to know that he is there whenever support is needed.
He also ensures that he provides me with the right tools and resources needed to succeed with this method on Amazon.
What I like/don’t like about YoungJoon’s Coaching.
In this section, I will discuss the things that I like and also that things that I dislike about Youngjoon’s coaching.
First I will list what I like:
- His teaching is clear, to the point, and simple to understand
- He provides real-time one-on-one support via FB messenger, skype or phone
- He provides over 4 methods on how to find legitimate and authorized brand name distributors
- He provides expert advice on how to negate certain brands which result in less competition.
Now, here are some of the things that I do not necessarily like.
This is not a fault of Young, but just a real truth about the wholesale model of selling on Amazon.
It is not a fast method to start earning money online.
For me, it took over two months before I got my first winning product shipped over to Amazon.
It takes a lot of time to research, find and create a list of authorized distributors/suppliers to contact. (Young recommends a list of 200 supplies to start)
What’s also important to understand is that you are building relationships with these companies/people so that you can potentially get the best and lowest price deal possible.
This is by far the most frustrating part for me so far in this business.
That is why I will be outsourcing this part of the business and making sure to maintain a positive mindset along with patience.
This is key to the success which I am projecting for the coming months and years ahead.
Do I Recommend Youngjoon’s Coaching?
I can wholeheartedly recommend Youngjoons’s coaching to anyone who wants to be successful with the Amazon FBA business using the wholesale method.
Young is a patient, honest and detailed coach who provides in-depth training, resources, and support.
I am happy that he reached out to help.
If you are skeptical about him, I can assure you that he is a real person who is always there.
He has never left me alone since I started my journey and I would encourage you to follow his advice.
If you have been through Youngjoon’s coaching like myself, It would be helpful if you also shared your experience so that others will be able to learn about your journey and see if it is for them or not.
If you are here doing your due diligence because you may be skeptical about Youngjoon Sun’s coaching, feel free to leave a question/comment below and I will get back to you with an honest answer and/or feedback.
Thanks for taking your time to read and I hope you will find success in whatever business you choose to pursue.
I am always looking to help out others as much as I can, connect with me on Facebook or send me a message here if you would like to connect.
Create your destiny