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Owned by Anthony
Amazon FBA community built for Canadians. $1.8M in sales from Montreal. Canadian sourcing, Keepa, taxes, ungating. Free to join.
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171.3k members • Free
314 contributions to FBA Canadian Academy
8h •
I was doing around $20K/month on Amazon and I still couldn’t quit my job.
When you hear someone say they’re doing $10K, $20K, $30K/month, it sounds like they’re rich or ready to quit their job. But Amazon does not work like that. Revenue is not profit. Profit is not always free cash. Inventory eats money. Replenishment eats money. Amazon payouts lag. Credit cards have to be paid. And if you want to keep growing, a lot of the money goes right back into more inventory. So in this video, I break down why even hitting around $20K did not automatically mean I could leave my job. Not to discourage you, but to give you the real version of the business. Because the goal is not just to make sales. The goal is to build a loop that actually becomes strong enough to support your life. If you’re new, I really recommend watching this before you start thinking every Amazon seller doing decent revenue is secretly printing cash. Watch it here
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2d •
Questions
Hello everyone, I'm new to Amazon FBA and I have a few beginner questions. I've watched a lot of your videos and I noticed that you mainly show Online Arbitrage. However, I also watched another Amazon FBA YouTuber who does IRL sourcing vlogs in grocery stores in the United States. He seems to be very profitable just by scanning products directly in stores and analyzing them with SellerAmp. - My first question is: can this strategy be just as profitable in Canada? Is it realistically possible to find products with 100%+ ROI on a regular basis by spending hours scanning products in grocery stores, or is the Canadian market very different from the U.S.? - My second question is about BSR. I know sales speed depends on many factors, but can BSR alone give a rough idea of how quickly an item will sell if everything else looks good? Is there any rule of thumb that experienced sellers use? - My third question is something I don't really understand. How is it possible that some people struggle for months to become profitable, while others seem to find 100%+ ROI products during their first weeks or even their first month (worst case)? Is it mostly because they are not sourcing correctly, not putting in enough work, or is there something else I'm missing? I watched a lot of Amazon Trapper's videos, and in his vlogs he makes it look almost easy to find profitable products. That's why I'm wondering if the same thing is possible in Canada if I spend hours on stores or if the opportunities are much more limited. Thanks for any insights!
0 likes • 10h
Yeah at the end of the day, most people making content aren't giving you the real deal. They're probably not ungated in those magic products and/or there just not showing you the red flags Everybody starts small and struggles. I havent met someone that goes 0-50k inside 3 months
2d •
FBA
How many products do you need to sell before you start to get ungated in diffrent products ?
0 likes • 16h
@Krystal Massey @Aleksa Jak timing plays a role. Account health plays a role but how much you sell also does play a role. No one knows for sure. Numbers I've seen floated around were your first 10,000 in sales. I know every 200 or 300 units sold increases your account health by a few points, which I also believe increases the brand pool. Like you said time and your account's existence also play a role. It's a big mix but selling more definitely helps you get more brands.
4d •
Tax registration questions
1) Are we required to submit how much tax we paid quarterly one tax registered? 2) if we are sourcing / delivering products to both Ontario AND Alberta ( different sales tax)…..At the end of the year does Seller central show us all taxes paid together in both provinces? 3) Where exactly is that info in seller central found? 4) The fear of tax registration is around taxes being so much more complicated and costly if not filing myself. Where would i find ALL info needed in seller central to give to a preparer? Thanks for putting the number of the question you are answering!
0 likes • 3d
I will try to make a video answering all this in depth tomorrow. But quickly 1. Yes 2. Yes you collect taxes based on the customers province, therefore collecting a wide variety of % 3. Reports>tax library (this is where il make a vid)
0 likes • 3d
@Levi S again with the goal of getting you an answer before I even make the video: Simply put: Yes you must track how much taxes you paid on your inventory every time. If it went to AB = 5% If it went to ON = 13% But wait it gets even more complex lol Sometimes companies will charge 0% tax, that must be tracked Sometimes companies will only charge the 5% gst even if they're shipping to you in ON. There is no "easy" way to get this info outside being well organized and proper documentation. I understand the stress, I went through it in my early days and was lost. I strongly suggest working with an accountant who can help you set up your systems. And this isn't something you can choose to do or not by the way. The Gov allows you to go unregistered below 30k of total sales. The minute you cross that 30k total sales, you are legally required to be tax registered. If accounting and book keeping is far from your thing, I would 100% spend the money on a consultation with a CPA. Does it cost money? Yup... but how much is your inner peace worth, you dont want to know how much I pay for my accounting/book keeping lol
3d •
Opening a Business and a Business account
Hi, do I need to open a business before opening a seller account?
0 likes • 3d
No! You can absolutely be an individual. I just suggest picking the professional plan over the individual. That being said, you do not need a business account
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