Ryan Grant said raiding the discount aisles at big box stores and flipping the items on Amazon started as a side hustle but has since become a booming business. LEARN MORE: gma.abc/2WsYKqj
I was worried about replacing my high-end older oasis with this one ru-vid.comUgkxCgPI5O2AtmcHq9SJhgsCGbpAzJAJfrJp but it is surprisingly light and the screen resolution is just as good. I never had the warm light on my old kindle, but i do not use it on the ipad so I will probably not need it. I think the only thing I'll miss is the self-adjusting light, but this is so worth it!
He buys in BULK. He’s not reselling clearance items off the shelf. No way. That’s just how he STARTED. He’s buying pallets at pallet auctions so the guy really didn’t give away all his secrets.
Trevor D search google for the name of a store with the words “pallet auction”. Popular ones are Home Depot and target pallet auctions. Most big box stores sell off pallets of overstock for cheap. Problem is some pallets may be in another state so transportation is expensive.
Prices on EBay and Amazon are so terrible high for used items that i don't do any buying anymore. Reason is that there are so many fucking resellers and not people who want to get rid of their shit and then the algorithms are kicking in.
Both Walmarts by my house no longer have the clearance aisle anymore, I wonder if this guy messed it up for us. It was perfect to pick up a cheap gift for a birthday party, not anymore.
I tought i was the only one who think this way ! I sell 20 on ebay and pay 12 shipping and PayPal 2 ebay 1 i paid 3 for whatever im reselling, without counting tape and shipping supplies i have to buy
This is fucking crazy I remember years ago when he started the blog, I'm still on his newsletter getting his emails.. and I go on RU-vid & see him on "GMA" that's amazing congrats!! on the continued success Ryan
Roberto Rivera you just have to consider gas, taxes, shipping and Amazon fees really. It's not rocket science but it won't happen over night of course..
This grill Is not a home lol I wish you were right, but I sold over 5000 items on eBay and a few on Amazon.lets not forget TIME, and DESIRABLE ITEMS,and CASH PLENTY OF IT , so you can buy the whole lot and let it sit., there so much more but I’m tired and trying get a bite here at this slow ass. Denny’s here in St. Augustine
Amazon is an incredibly difficult selling platform. They restrict many items that you can sell because those huge multi-national corporations don't want the competition. Kind of sad because individual sellers can ship faster and we help move product that would otherwise sit around not getting bought
A friend of mine sells on eBay and Amazon. He simply reposts pictures of stuff that other people are selling, describing them in fancier words, and prices them higher. People will buy a higher priced items if it appeals to them. That guy makes thousands having the other vendors ship to his customers, and still keeps his high-dollar day job.
I use to do that with eBay and made about $2k a month buying and selling used items through thrift stores. You can buy a stroller for $15 and sell it to consignment for $40. Or antiques for $7 and sell online for $250. You just have to research, be good at marketing, take photos and be able to store/clean/ship the items. Things sell while you are going about your day. It really helped supplement my income being a stay at home mom and putting my kids thru private school. It's hard work though, physically demanding and not alot of respect from others was the downfall. But time with my kids and not working away from them made up for it!!
Rafael Ceballo There are shipping fees for these services. You can pay them yourself, or you can ship all these items for Amazon to do for you, but it comes at a gross percentage of sales.
My friend picks up free WOOD ONLY furniture from graigslists. Learned how to sand and paint it. Sometimes just paint job and new knobs. Makes alot of money doung this. Also wood furniture from secondhand stores. Sells to upper jiddle class and so called hipsters or yuppies
There is a minimum amazon fee of about $4 for FBA and it costs money to ship it to them AND to store it at their facility. So a $4 product that sells for $10 will not make you any money. On top of that, people also return about 15% of purchases on Amazon.Retail arbitrage does work but it's a very calculated business. You can't just buy any clearance item and expect to make money just because it costs more on Amazon.
This is why you ship everything yourself. I don't buy clearance shit from Walmart but thrift stores and I ship everything myself for years. It's only if you're dealing with tons of items and heavy sales and you can't keep up with them does it make sense to use fba or ordering bulk from china
15% of purchases are returned on Amazon? That seems incredibly high. I think I've returned 2 things in the last 10 years and I purchase all non-clothing and food items on amazon.
The secret to success is never reveal the ropes. The very people you inspire are the ones who will take over you. If they are endorsing esthetically then that means they are rooting you to buy their book and crap. Kudos to him, but revealing success will only lead to more competition.
Yes I can, please watch my videos and then if you are still looking for help, I offer personal coaching! I have 7 figure revenue from eBay and Amazon combined!
Journalism is so pathetic these days. She didn't even mention the FBA fees on that first item. They clearly don't know many of the basic things about flipping and she hasn't made any money if she still has the items with her in the studio. She would have to sign up for an Amazon FBA account and send the items....then wait likely months for the stuff to sell. People are catching on and Goodwills and thrift stores are being cleaned out by resellers daily. Now there's gonna be even more people to compete with.
You have to think about what overhead would cost at a brick and mortar. You could easily be paying thousands a month in rent so $40 is a steal. As long as you have your business model and niche product figured out you have nothing to complain about.
You can't even sell on Amazon through FBA during the 4th quarter unless you're an established seller. The majority of items new sellers scan will be gated or against ToS to sell as new. (You can't sell Belkin, Netgear etc as new without facing their legal team) You can't sell Disney, Lego, Nike, health and beauty, grocery, clothing and the list goes on. It is not as simple as this video makes it out to be. Last i checked to sell Nike you have to pay an upfront fee of THOUSANDS of dollars just to become partnered to sell their product. It's not impossible but it has become much harder to enter the scene due to Amazon restricting new sellers more every year. Good luck to anybody that's thinking about giving this a shot, just make sure you do your research! Also, Jesus Christ is our lord and savior, get to know him. God bless.
magic mojo but people are always flipping Nikes and Jordans and selling them on ebay for triple their worth. Same thing with Adidas, yeezys for over a grand and nobody's doing anything about it...or are you only talking about amazon?
magic mojo you gotta love this guy very informative about the cons which is what ppl end up failing cause of or running away from the idea this gives a nice view of what you should expect. God bless you sir, stay informative that's being ahead of the game.
Did she say he profited 15% of 4 million with $60,000?? It’s actually 600,000. unless she meant he only paid himself 60,000 and reinvested the other 540,000 back into the business or elsewhere.
He claims 60,000 in salary in order to reduce his tax liability. 15% of 4,000,000 is 600,000, but if he were to claim that as salary he would pay a ton more in taxes. He takes 60k, then the remainder (assuming he does not reinvest in the business) of 540,000 he can take as a “shareholder distribution” at lower tax rate
awanil84 you have to sign up to be a seller before you can use the feature. She counted time for that too. If she said it took 30 seconds then it wouldn't be fully accurate as it takes more than just downloading the app to get the app to work.
$1000 a month at 10 hours per week. Ramp that up to 40 hours per week, not taking into account that you get better by learning what sells, and you make at least $48,000 per year. Not too bad for a start.
They are forgetting the shipping charges when they calculate a “profit”. A corporation with commercial discount shipping rates would be hard pressed to send a box of air anywhere in the us for less than $8-10.
I've listed my cookbooks and magazines (brand new) that I don't want to clog up my apartment, on Amazon for many months now, and I had managed to sell only a few items. Amazon charges very high listing, commission fees etc, yet it puts a limit on how much shipping I can charge... Even though I didn't take into account on how much I paid for my books when I bought them brand new, I still didn't make money after the Amazon fees and shipping. I can't imagine shipping to Amazon all my books and magazines that I want to get rid of and having to pay them the rent for storing and the extra processing fees when they sell. So I'm still chained to my cubicle job as of now.
Ya, I did this for about a year and a half, I made about $4000 in profit. It's called Amazon FBA (Fulfilled By Amazon) You ship your items to MANY different warehouses all over the USA that Amazon owns and they take care of all the shipping TO the customer, customer service and returns. It's not nearly as EASY as they make it look.Factor in; -- Gas money for searching (If you don't have a fuel efficient vehicle, FORGET this right now!) -- Vehicle maintenance / oil and filter changes (it's negligible, but it still costs) -- Taxes (Ya, more like TAXES!!) -- Amazon Fees (Amazon ALWAYS has their hand out wanting MORE money in the form of FEES!!!) -- Amazon Storage (Amazon charges a STORAGE fee even if it's been there for just a month on EACH item!) -- Shipping (Even though you get Amazon shipping rates, which are the least expensive ANYWHERE, it still is taking away from your profits) -- Shipping supply's (Yes you can ship in already used boxes, but where are you going to get all the tape, bubble wrap and shipping labels? This costs $$) One thing to know also, Amazon doesn't just allow you to sell ANYTHING right from the start. Nooooo, you gotta prove yourself for quite some time if you want to sell like, clothes, performance vehicle parts and thousands of other things!! Is this impossible? Nope, it CAN be done but the above is MY personal experience. Trust me, Amazon is doing this for THEIR benefit, NOT YOURS!! If you sell them something and the customer just "Claims" that it's fake, you're FINISHED. They will CLOSE your account and send you back ALL your stuff and YOU pay to get it all sent back to you!! (This has never happened to me, I just know the rules) My 2 cents, stick to being a customer, they love you then!
I sell at Amazon for many years and there are a few things they did not mention. 1st is that Amazon fee is up to 30% of Product selling price depending on the item category. 2nd is that the shipping might cost you more than what you get. The heavy tire chains might cost $20 to ship but you only got $3.99 from Amazon to ship it. 3rd is the time to look for the item, checkout, package and ship the items out. 4) If going this route with such slim profit margin, each return is going to eat up more than the profit of 10 sales. You can still make money but have to buy and selling things with a higher profit margin with things you know like in garage sales. Got games for $.50 that sold for $40+, $.25 hard drives that solve for $50+. Don't buy something that you don't know and good luck.
Revenue =/= Profit Not only that but if you try retail arbitrage with items that're protected(aka you need to be an authorized reseller of them from the manufacturer) all it takes is ONE fake/counterfeit claim from a buyer to trigger Amazon and possibly the item manufacturer to completely destroy you. Easiest way around that is to sell those items USED but put 'factory sealed' or 'new' in the item description. Between that and the fact that the Amazon phone/net reps seem to love to open ridiculous A-Z and/or return claims for the most absurd returns and that they'll ding your account if you don't at least acknowledge them, reselling on Amazon is NOT the way to Easy Street like this guy may want you to believe. An example of a ridiculous return request I've seen mentioned on Amazon's seller forums: a lady who ordered a circular tablecloth from a listing for a circular tablecloth but who expected it to magically be the square/rectangular tablecloth she actually wanted. Then there was somebody trying to send back a worn out pair of running shoes after something like 4 years. Even if you sell items during the Christmas season when the return period extends into January sometime you shouldn't have to be abused by ridiculous requests like the ones above. Yet many resellers on Amazon will refund such ridiculous requests rather than face fighting an A-Z claim or in some cases having the rep(s) handling the requests for these customers do it for them by force. So again, enjoy attempting to resell on Amazon by following this guy's model. Just don't be surprised when you run into customers who are still brainwashed into thinking 'the customer is ALWAYS right' because they're NOT always right.
The thing is how do you know you're going to even get the item(s) back? Some 'customers' are just looking for free or nearly free items by filing BS claims against sellers. Thing is, many sellers have that same attitude that you do of 'give them their money back and resell the item again'. But all that does is train them to expect everybody to do it EVERY TIME. Yeah. Not happening. You can call me petty if you want, but I got into the reselling hustle to MAKE money not give stuff away to people wanting something for nothing.
Free Man Me? No. I would fight tooth and nail to prevent being scammed by 'customers'. I guess that's why I stopped selling on there, since I decided I'd rather sell face to face with a set in stone return/exchange policy than let Amazon's wishy washy bend over backwards for the 'customers' policy screw me out of money.
Too many of you mixed martial key board warriors. The topic is how someone took an idea and realized success using his idea. I would infer this is to inspire some, to try to thoroughly research this subject and possibly duplicate this young man's success. This man is describing a business and all business, should be taken very seriously, storefront or not. I read the comments, hoping to be inspired by what I assumed would be possible brain stormed ideas and examples of others success. Those of you that are able to boast your success in this area, please continue to out pace the silliness of those who obviously see nothing wrong with their efforts, followed by excuses.
"even with shipping and fees I profit $15!!" NO! you still have the items which mean you wasted money and now you are hording random items. the true winner here is walmart who sold you those "noneone buy items"
Someone, somewhere will eventually buy most things, eventually. I can't tell how many times I found clearance stuff that I like. It might be niche product, and doesn't see well in mass.
Maybe they are oversupplied. Shelf space is precious real estate for shops. If it doesn't turn into profit fast enough they have to empty the warehouse.
There is no money glitch... i my self have learned this long time ago because i dont want to end up a slave to the system and live a normal life accepting things that i dont want and want to evolve as a human being and not remain low.)
They make it look so easy. They dont show you that most businesses fail or take a long time until they succeed. If there are people that succeeded straight away theyre either extremely lucky or lie about the fact that it took 6-12 months of struggle to achieve this.
Few points: If you buy in bulk, you risk no selling it and it ends up in your basement. If you buy large quality items, you need to sore them, so you need a warehouse to store, that costs mega money. If you use fulfillment by Amazon, you have to ship your inventory to Amazon, which costs money to ship, then Amazon charges you storage fees for storing the inventory, and the fees continue if you don't sell the item. Amazon also charges you commission for any sales made on the Amazon marketplace. Amazon also charges you a monthly prime membership. What about the employees you need in your warehouse to handle the logistics. What about the employee cost of going to wall marts and finding cheap items to sell......
This is fake, buy the toy for $5 sell for $9, but you end up paying amazon 10% commission, and like $4 for shipping. So your total cost is $9.90 but you sell for $9 lmao
Grossing a million is not the same as netting a million. He could buy 4 million gross worth of junk and sell 4 million gross--/ and be makes zero. The story is bullshit.
haha. there's a lot they don't tell you. storage fees, oversize fees, returns, pro seller fees, etc. i don't do much retail arbitrage any more. and they're dealing with small profit margins.
It's not pretty stupid to tell everyone. There are people that share business knowledge all the time. What he's sharing is no different, and in fact it pales in comparison. He is making the money he makes due to his organizational skills and not everyone has or will take the time to learn thorough skills. You can't make a living selling clearance items anyways, that's just how he started.