How Much Money Do I Need To Start An Amazon Business?
Updated: May 1, 2019
Have you ever wondered; How Much Money Do I Need To Start An Amazon Business?
Well, if you have a computer and a credit card you can pretty much "start" and Amazon business for $0.
If you want to start the right way, you will probably want at least $2,000 and up to $10,000 would be a good starting amount. Remember, you're starting a business that should produce income for you greater than your investment... this is not a hobby!
$40 per month (optional)- Professional Level Amazon Seller Account (optional as Amazon has a pay as you go plan but we recommend professional)
$120 per year (optional)- Amazon Prime Membership (optional but good for research purposes)
$100 (required)- State Re-Seller Licence (required to buy products from authorized US suppliers)
$500 (optional) - LLC (optional but highly recommended if you want to make this a business and not a hobby)
$1,000 to $10,000 (required) - Inventory
$1,000 to $5,000 (required) - Specialized tools and training
$0 for advertising, $0 for warehouses, and $0 for employees!
So you need a Total of $2,000 to $10,000 to start a proper Amazon business.
For more info on this topic, check out this video on YouTube: https://www.youtube.com/watch?v=Vn4crr4ob8U
Compared to franchise opportunities (like McDonald's, Subway, or Dunking Donuts ) where you leverage a proven business model and brand to build a your own business, an Amazon business is by far the most cost effective option. While traditional franchises can cost $100,000's to start, you can build a proven business model leveraging Amazon's brand and infrastructure for just $2,000!
Want to learn exactly how to Start and Scale and Amazon business? Our team will be hosting a FREE online workshop within the next 7 days!