Yes, you can get started with $3,000 selling on Amazon FBA. But scaling it to $10k a month in profits is a different story.
Your original $3,000 is going to get eaten up pretty quickly.
First you have to source inventory/manufacturer and get some product samples which will set you back about $50 - $100.
You will also have to validate your product and do some research, with a program such as Jungle Scout which is another $100.
Now you are in about $200 without even having a product.
Lets say you decided on a product from china that cost $5 each per unit. Starting off you will need 100 to 300 units. Hoping that this matches the MOQ you received from your manufacturer.
Now you are in $500 - $1,500.
It's time to ship depending on the weight and size of your product. This can be anywhere $300 to $500.
So far you invested about $1,000 to $2,200 on just the product and you haven't even opened an Amazon Account yet.
There is a bunch of different expenses that occur when starting out on Amazon and to keep things cheap you will have to bootstrap, all of your marketing strategy, marketing materials, product photos/videos and maybe even the product itself.
Find out the true steps of starting a Amazon FBA business with Kevin David free training.
Kevin David's net worth is estimated to be $4 million to $20 million. This valuation considers his multiple streams of income including affiliate marketing, Amazon FBA, Shopify, YouTube and training course.