American made millions by reselling Walmart products on Amazon - ForumDaily
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American earned millions by reselling goods from Walmart on Amazon

An 28-year-old American who previously worked as an accountant spoke about his impressive earnings for buying discount goods in hypermarkets and reselling them to Amazon.

Фото: Depositphotos

Ryan Grant through the smartphone looks at the offers of retailers, comparing prices with those specified in the application Amazonto evaluate potential profit. Then he uses the service Amazon for delivery of bulk purchases at lower prices.

Grant, who lives in Minneapolis, bbe a student in Winona state university, twice organized events for the purchase of textbooks on campus. He exhibited books on Amazon and sent them to customers throughout the country, making a profit of up to $ 10 thousands per year.

The process is quite simple: using the application Amazon Seller, he could see exactly the expected profit from each book and the timing of its receipt. But the time spent processing and packaging each order did not justify the profit. Through the semester, he no longer wanted to do this.

But thanks to the services Amazon he could send all the books to the company's warehouse, where, for a fee, the online store processed and sent each individual order. As a result, the process has become more time-controlled.

It was only after he worked as an accountant for 4 for the year, without receiving any pleasure from it, did Grant start selling goods over the Internet, improving the system. To do this, the businessman rented a warehouse with an area of ​​67 square meters, where he kept boxes of products.

After work and on weekends, he looked at the offers in Walmartand then compared them in the app. Amazon. The first items he tried to resell were toys, games and household items.

“I spent about 10 hours a week and made about $1000 a month,” he recalls. Once he was able to earn as much as he did as an accountant, he quit his job in September 2013.

“I realized pretty early on that I wasn’t doing what I wanted to do,” Grant said. “This situation really forced me to look for other options, and I began to explore ways to quit my job and create my own work schedule.”

He hired employees and calculated the intricacies of the resale strategy. For example, immediately after the holidays, he bought discounted goods, and then a year later he sold them at a festive price.

Grant was surprised at how quickly the business went up. The team had to move to a warehouse that was already 5 more than the amount rented initially.

Not without errors. The team was at a loss of $ 6 000 when the dog accessories were defective. Then the account was temporarily blocked. In addition, Grant had to pay commissions. Amazon for goods that were not sold and lay in warehouses.

Nevertheless, Grant believes that he has found an easy and effective formula for success. He claims that by the end of this year, the value of his business will reach $ 8 million, although most of the money will be reinvested in the product. His own salary is $ 60 000 per year.

In addition to running his business, an American businessman teaches e-commerce lessons, blogs on sales strategies, and also deals with consulting.

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