How Tanner J Fox Makes $80,000 Per Month On Amazon FBA

1. Exploring Online Money-Making Strategies with Amazon Entrepreneur Tanner Fox
2. Amazon's Marketplace Dominance and Future Growth Potential
3. Success Stories and Potential Earnings with Amazon FBA
4. FAQ

Exploring Online Money-Making Strategies with Amazon Entrepreneur Tanner Fox

With Amazon, if I know how to manipulate their algorithm to get ranked, I'm getting millions of people a day. It's up, guys. You're with my bulletproof and Tanner Fox. Don't forget the gin, Tanner J. Fox. Okay, so we're talking about what is currently making money online right now. Tanner's an Amazon entrepreneur; he has some passive income businesses, really cool cars, is a cool pad down, and like a binder Newport or wherever around that sofa. So we're in Orange County, and we're just hanging out today, kind of masterminding, talking about the internet and stuff. He's gonna fill you in on what's currently working online right now. So, in the last video, you were talking about how you came about becoming an internet entrepreneur. You said you were looking, you know, basically figured out your goal. You wanted a Lamborghini, you wanted nice cars. You look for what worked, then you followed somebody who was making it work. So how, first of all, how do you figure out what works, or how did you go about that process? Were you like affiliate, or there's Amazon, or there's drop shipping, there's real estate, stock trading? How did you go about that full process? Because I'm sure a lot of other people are kinda confused. Yeah, the hardest part for me was finding what works. That took the longest amount of time, and there's so much uncertainty because as you get farther along in your entrepreneur journey, you learn it's not what works, it's, "Oh my god, there's so many opportunities. How do I narrow down what's gonna be the most effective use of my time and money?" But they all work, pretty much. That's the thing, drop shipping and Amazon FBA, affiliate marketing, being a YouTuber, investing, it all works if you know what you're doing. It's not like, "Oh, it's a scam." So I was just looking, my thinking was, find something that a lot of people are doing that's working and see how I can do the same thing. And that's how I stumbled upon Amazon. Just from there, I watched people on YouTube, and then it seemed a little because with Amazon, it's a little all over the place. Where in order to understand this part, you have to understand this, but to understand this, you need to know a little bit about this. And it's a lot of things like that. So, it's hard to learn straight just from YouTube alone, which is why I ended up getting a course on it, learning and going from there. Cool, cool. Is there a way decided on Amazon versus some of the other stuff? Was it just like kind of godlike or did you see like it wasn't saturated as much? Is it just, it was just, you picked a random thing and you're just like, "I'm just gonna go"? I just started seeing videos on that and watching it more than anything else, so I just stuck with it. I originally started for a month or two publishing Kindle books, ranking them and selling off, and I was making like fifty dollars a month, which wasn't the goal, and it cost like 60 bucks to write each one. I made like 10. I'm an author too. I just went from there, accepts Amazon's platform as well. I was like, "Okay, I tried that a little bit, I'll stick with this Amazon thing since I saw the guy I was watching did that." And then started and so on. It was originally but that's not who... I learned Amazon Prime at, so I learned Kindle publishing front, but Amazon, it was some other small YouTuber who's not around anymore, right, of course, but was all from there.

Amazon's Marketplace Dominance and Future Growth Potential

I think I heard somewhere Amazon is gonna be the first trillion-dollar company, by the way. It's pretty probably, with it's a pretty freakin big, it surpassed Walmart last year for how big of a marketplace it was. I think it's the biggest, I don't want to say in the world. I think there's one in China that's bigger, but other than that, I need the biggest market place in the world next to that and just how they're acquiring... like they just acquired Whole Foods, they're gonna try and dominate every single market if they can. So, I see it happening, just how much they've grown. I was looking at statistics and it was Amazon did... it was 74 billion in revenue in 2014, two thousand sixteen hundred and like 42, so they nearly doubled their revenue in two years, which is insane. That's unbelievable. But about Amazon in a second. By the way, what type of business do you run on Amazon? Because I'm sure like people don't know what Amazon. Oh, yeah, what is Amazon FBA like, what you know like how does this work? How does that work? So what Amazon FBA is is fulfillment by Amazon, that's what it stands for. It's not like drop shipping, it's e-commerce, it's not drop shipping, which a lot of people think it is. It's pretty much researching product. Drop shipping is where you have books at your house and you go to the post office every day, then you ship, that's retail arbitrage. So dropshipping is I post something, let's say on Shopify, run an ad to it, you buy it, I then order the product, so you hold no inventory. Okay, that's the difference with Amazon. Yeah, that's kind of the only negative. But there's way more positive hold over that month, okay. But with Amazon, it's I find a product sells well, it meets my criteria, and I then order it from a supplier in China, just through email, very simple. I have them send it to an Amazon warehouse directly so I never touched the product, I never do anything. Once it's in there, I make my listing, I do my marketing, I try and get it ranked using different techniques, and when it sells, Amazon ships it, does everything for me and packages up, that's my customer service. So I do zero work once I've found my product, ship it in other than maybe mess around with marketing campaigns or ordering more inventory. So, it's a little bit of work upfront to find what products so well, and doing product research. Once you're up and going, I say it's about an hour a month of work once you're set up and going, just reordering the inventory so you don't run out. What I'm hearing is one, you're not getting the product to you, and you're not, you're just gonna, your business is running right now, like you know. Yeah, yeah. So that's the cool part, like what, what's kind of cool being internet entrepreneurs is we're literally making money right now as I mean, it's just the Internet's running. Yeah, exactly. But so what I'm hearing though is you find a product you like, let's say you like these little notebooks, right? You order it, and you have it go from China to an Amazon warehouse. Yeah, so Amazon offers to hold all your inventory for a fee per unit, it's not too high, and I just have my supplier send it directly to them. Okay, and that's how an item qualifies for Prime. So if you're looking on Amazon, you're shopping, and you see, "Oh, it's Amazon Prime," that means that person is using fulfillment by Amazon, and that's how it gets the two-day free shipping. So you're in turn going to get a ton more sales if you're doing that and then fulfilling it yourself. I love Prime. Yeah, exactly, and so does my wife. We recently had a child, and let's just say we're getting lots of baby supplies. Well, Amazon knows that too, because they lose two to three billion dollars a year from losing money with prime shipping, but they know it's such a driving factor in their company that they're willing to lose that in order to capitalize somewhere else. So it's huge. The upfront work you're talking about is you're finding a product you like, and I imagine you think it's gonna sell well. Yeah, and that's kind of going into, you're gonna go into that in a second, how do you find products that are gonna sell well, then you order some of it from China, I'm guessing you don't have to spend too much money. No, I think normally starting is around a thousand dollars. Okay, so you can get started for it, that's super reasonable, and then you're having that go to Amazon, and Amazon does all the rest of work. The people want to do that Amazon, the people buy it through Amazon, so it ships it. So all the back-end stuff, all you do is you create the listing, yeah. Once the inventory's there, I can adjust my prices, mess with my listing if I want to, I can mess with Amazon's pay-per-click, which is their advertising method, so I bid on a keyword, that depends, so if I'm the highest bid, I show up at the very top of page one, and Amazon's algorithm is all based off sales volume, a little bit of reviews, and some other things they don't share it all the way, but the whole goal is to try and rank high for certain keywords. So if I'm selling whiteboards, I want to rank as high as I can for whiteboards, or maybe the dimensions, and then the whiteboard, or just different long and short-tail keywords of it, and just try and rank as high as possible for all those because you're taking advantage of all the free traffic on Amazon, which is why I like Amazon FBA so much more than drop shipping. Drop shipping, you have to bring all your customers to you. If you're doing it on Shopify, you have to pay for every single customer, you have to run ads. With Amazon, if I know how to manipulate their algorithm and get ranked, I'm getting millions of people a day. That's why I like it. Yeah, biggest marketplace in the world. Why would I not take advantage?

Success Stories and Potential Earnings with Amazon FBA

Let's. What's been your best month so far on Amazon? My best month, how much, like how much can people just, just listening to you, how much can people make? It's just, it's endless. I mean, I've had people start and go straight to 30,000 a month their second month of doing it, since taking the course already nihilism, but in one product, one month or two months? Well, I got first month setting up, getting it going, and then they're like eight, and then now it can expect out everyone now, of course, not. Course, what's reasonable though for a product based off the criteria I use is anywhere from two to four thousand profit a month, okay, which is still great, and then just stock up multiple products like that, and you build it, and that's what I did. I mean, I started three products. Didn't know how to do the research, which is 100% the most important thing. Once I learned it, I went from zero to eight thousand my first month, second month went to fifteen thousand profit, ten to twenty, and then so on. Oh, and going back to the biggest month I had, I think it was about 80,000. 80,000. I had a three thousand dollar day, have a picture of book. I was probably my best day. That's sick. Yeah, it's crazy. I can tell you that, you know, like money isn't everything. You know, money's not gonna make you happy, but, uh, you know, I make, I never make less than three thousand dollars passive a day right now, and yeah, it's pretty cool. Haha, you enjoy your cars, obviously bring a smile to your face, so that's awesome. So, we're gonna get into this, but let's do that in the next video because we've spoken long enough about this. So, first of all, guys, creaking, you mean like give me comments about how awesome this is having Tanner J Fox here like what I do, not yeah, calm adduced, whatever, you know I make fun of my haircut, but guys let me know how awesome this is because he's really going deep. I mean, this is real deal stuff from other successful Internet entrepreneurs I'm bringing you. So let me know if you guys enjoy this. Subscribe his channel, links are in the description. Subscribe to my channel because we'll be releasing the next video very shortly on going over all the search criteria I want to give it some time though because this is the nitty-gritty, so this is what you guys want to see. Awesome stuff. See you guys in the.

FAQ

Q: How did Tanner Fox stumble upon Amazon as an online money-making strategy?
A: He stumbled upon Amazon by watching YouTube videos and noticing that many people were successful with it. He then decided to learn more by taking a course on Amazon FBA.
Q: What is Amazon FBA and how does it work?
A: Amazon FBA stands for Fulfillment by Amazon. It involves finding a product that sells well, ordering it from a supplier in China, sending it directly to an Amazon warehouse, creating a listing, marketing the product, and letting Amazon handle the shipping and customer service. The seller does minimal work once the product is set up.
Q: What is the potential for earnings with Amazon FBA?
A: The potential for earnings with Amazon FBA is significant and can vary greatly. Tanner Fox mentioned that one can make anywhere from two to four thousand dollars profit per month with one product, with the possibility to scale by adding more successful products. He shared personal success stories of making up to 80,000 in a month and having three thousand dollar days.