Setting up an turnkey FBA Amazon shop

[[Something Cool]]

Have any of you brehs looked into this?

The company basically sets up your Store and has their employees run the admin on the supply chain process. You pick the products to sell with a desirable profit margin based on wholesale prices. Amazon takes care of the logistics of shipping.

You'll have to put up the capital at 15k per re-up. It's 10% ROI monthly at the onset. You don't make much for the first year, but after that, it's ideally an increasing passive income. 75/25 split.

Apparently, Amazon limits the amount a stores you can set up as one store per person (on the out set setting up LLCs may be able to get around that). I’m def not sold on it, but I figure it's worth looking into and maybe seeing if anyone has any experience with this.

 

[Menna]

My current Walmart Seller Central store is doing better than my Amazon store.

I am opeing another Walmart store and Amazon store this summer. Created the LLC added my friends name to it and will have his address on the documents and bank documents for when we apply for the stores and then I am added later as co signer and added later to the LLC so the stores don't flag us as I already have both stores...

This is where this ranks when considering cash flow...Preferred, Closed end funds and common dividend stocks are decent compound cash flow...Rental properties are faster cash flow than dividend stocks and E commerce stores are faster cash flow than rental properties without having to worry about all those bills and tenants..

I had to pay 30k buy in and then 15k for products for my amazon store its wholesale FBA meaning we buy products with cash and ship it to Amazon

I paid 15k for Walmart store and then have a 25k credit card limit for Walmart as Walmart right now is Dropshipping meaning orders come in then you u buy cheaper on another site

I have a VA for both stores its about a 35-40% split monthly out of the net...

Keep in mind if you do shopify you have to spend money on ads to drive traffic to your store but with Walmart and Amazon there are no ads to run the traffic is already there.

 

[Amerikan Melanin]

@Menna where can I find more details on the Walmart store?

 

[Menna]

I purchased an Automated Walmart store through a company for 15k after doing some research online. If you type in Walmart Sellers Central store and search around...From my experience with Amazon and Shopify I knew that Walmart was a good idea because you do not have to spend money on adds like you do with Shopify thus cutting down on an expense...The customers come to Walmart organically.

 

[Grizzly]

My current Walmart Seller Central store is doing better than my Amazon store.

I am opeing another Walmart store and Amazon store this summer. Created the LLC added my friends name to it and will have his address on the documents and bank documents for when we apply for the stores and then I am added later as co signer and added later to the LLC so the stores don't flag us as I already have both stores...

This is where this ranks when considering cash flow...Preferred, Closed end funds and common dividend stocks are decent compound cash flow...Rental properties are faster cash flow than dividend stocks and E commerce stores are faster cash flow than rental properties without having to worry about all those bills and tenants..

I had to pay 30k buy in and then 15k for products for my amazon store its wholesale FBA meaning we buy products with cash and ship it to Amazon

I paid 15k for Walmart store and then have a 25k credit card limit for Walmart as Walmart right now is Dropshipping meaning orders come in then you u buy cheaper on another site

I have a VA for both stores its about a 35-40% split monthly out of the net...

Keep in mind if you do shopify you have to spend money on ads to drive traffic to your store but with Walmart and Amazon there are no ads to run the traffic is already there.

Interesting. I'm gonna sign up for Walmart marketplace and see what it's about. Luckily, me and my supplier have built up a lot of trust these past few years so he'll ship products on credit with no problem. I can jump right into this without touching any inventory, pay my manufacturer his fee, and just collect profit. Also, I'll have to do thorough research on those automated stores. I remember people on Reddit and Aspkin calling them a scam so I wrote it off but some people actually claim to do good with them.

 

[Menna]

Not a scam you are selling on Walmart platform its arbitrage you list a product for $25 organically traffic comes to your store on walmart they purchase ur $25 product and you buy its for $19 or you have product that you purchased in bulk and ship it to customer. Amazon is harder than Walmart

 

[MasterOfAllHeSurveyz]

Turnkey?

Run!

 

[Primetime]

My current Walmart Seller Central store is doing better than my Amazon store.

I am opeing another Walmart store and Amazon store this summer. Created the LLC added my friends name to it and will have his address on the documents and bank documents for when we apply for the stores and then I am added later as co signer and added later to the LLC so the stores don't flag us as I already have both stores...

This is where this ranks when considering cash flow...Preferred, Closed end funds and common dividend stocks are decent compound cash flow...Rental properties are faster cash flow than dividend stocks and E commerce stores are faster cash flow than rental properties without having to worry about all those bills and tenants..

I had to pay 30k buy in and then 15k for products for my amazon store its wholesale FBA meaning we buy products with cash and ship it to Amazon

I paid 15k for Walmart store and then have a 25k credit card limit for Walmart as Walmart right now is Dropshipping meaning orders come in then you u buy cheaper on another site

I have a VA for both stores its about a 35-40% split monthly out of the net...

Keep in mind if you do shopify you have to spend money on ads to drive traffic to your store but with Walmart and Amazon there are no ads to run the traffic is already there.

I purchased an Automated Walmart store through a company for 15k after doing some research online. If you type in Walmart Sellers Central store and search around...From my experience with Amazon and Shopify I knew that Walmart was a good idea because you do not have to spend money on adds like you do with Shopify thus cutting down on an expense...The customers come to Walmart organically.

Regarding this part, are you saying you bought a walmart store that already had a product and supplier, and was already making business that was valuated at 15k?

It seems that to qualify/be approved for the Walmart store, you're supposed to already have a product you're selling and a supplier.. And then once approved you're basically selling that product on "Walmart", as opposed to whatever previous platform you were using..

..which would be a daunting task (finding a product and supplier) for people completely new to this like myself. But it sounds like you were able to sidestep that by buying a store that was already a well-oiled machine? Or am i misinterpreting? And you found the company to purchase it from, online?

 

[Menna]

Regarding this part, are you saying you bought a walmart store that already had a product and supplier, and was already making business that was valuated at 15k?

It seems that to qualify/be approved for the Walmart store, you're supposed to already have a product you're selling and a supplier.. And then once approved you're basically selling that product on "Walmart", as opposed to whatever previous platform you were using..

..which would be a daunting task (finding a product and supplier) for people completely new to this like myself. But it sounds like you were able to sidestep that by buying a store that was already a well-oiled machine? Or am i misinterpreting? And you found the company to purchase it from, online?

No I just applied for Walmart seller central was approved (mostly because my LLC was already selling on Amazon) and then the team I hired for 15k sourced succesful dropshipping products and list them in my store. I did not have an already existing established brand they didnt ask for proof of it. - If I didnt already have the Amazon store I dont think I would of got accepted though. I think you need a ecommerce website selling products or selling on another platform and show walmart evidence opf this OR already be an established seller. You cant just sign up and say I want to dropship on Walmart BUT if you get through the gates then that is what you can do

Right now I get about 30 orders a day and make about $125-150 a day on Walmart and I started this May...Faster money than any rental property or dividend stock as far as cash flow goes plus I get 3% cash back on my CC card AND I dont have to spend money on google or facebook ads like I did when I had a shopify store...I couldnt make shopify work for me but Walmart and Amazon is gravy so far....