1176 How this Developer Made $250k+ Selling Powertools He Didn't Own Via Amazon Ebay Arbitrage
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 13 October 2018
⏱️ 21 minutes
🧾️ Download transcript
Summary
Alex is an intellectually curious life-hacker, software developer, and small business owner based in downtown Austin. Formerly a Management Consultant with Accenture, he currently runs Austin Data Solutions, a five-person consultancy specializing in solving business problems with some of the latest technologies.
Transcript
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| 0:00.0 | Take calculated risks. It'll work out. He got sick of doing consulting for one of the big guys and said, you know what? I heard this weird arbitrage story on beats headphones. I'm going to go do it myself. He found a niche where basically said, okay, these power tools are selling for $250 bucks on eBay. I can sell them for $300 on Amazon. He built a script to basically help run that system and did many, many thousands and thousands and thousands of units across many |
| 0:21.6 | different industries, power tools, DVD cassette players, etc. Then some policy changes |
| 0:26.0 | happened on Amazon. He had to basically shut that down because he didn't want to deal with |
| 0:28.8 | the additional complexity. Now building a consulting business called Austin Data Solutions here |
| 0:32.5 | in Austin, Texas. This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn. |
| 0:45.5 | Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines. |
| 0:55.0 | We went from a couple of hundred thousand dollars to two point seven million. |
| 0:58.0 | I had no money when I started the company. |
| 1:00.0 | It was $160 million, which is the size of any IPOs. |
| 1:03.0 | We're a bit strapped. |
| 1:04.0 | We have like 22,000 customers. |
| 1:08.0 | With over 5 million downloads in a very short amount of time, |
| 1:12.6 | major outlets like Inc are calling us the fastest growing business show on iTunes. |
| 1:17.5 | I'm your host, Nathan Latka, and here's today's episode. |
| 1:21.8 | Hello, everyone. |
| 1:22.6 | My guest today is Alex Kilka. |
| 1:24.4 | He's an intellectually curious life hacker, software developer, |
| 1:27.2 | and small business owner based in downtown Austin. He's an intellectually curious life hacker, software developer and small business owner |
| 1:28.1 | based in downtown Austin. He was a formerly a management consultant at Accenture and he currently |
| 1:33.0 | runs Austin Data Solutions, a five-person consultancy specializing in solving business problems |
| 1:37.4 | with some of the latest technologies. Alex, are you ready to take us to the top? |
| 1:41.3 | I'm ready to take it to the top. All right, man. All right, so tell me what that means, |
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