157: Amazon FBA: Retail Arbitrage on Steroids (Six-Figures in Year One)

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 4 February 2016

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Assad's a Finance Director by day so he's got some street cred when it came to offering consulting, and quickly built that business up to around $1000 a month. In April, he mentioned he'd also started selling products on Amazon FBA using the clearance arbitrage model Travis Scott shared on the show. Nine months later, that little experiment had grown into a six-figure side hustle. Check out our conversation to learn how it happened.

Full Show Notes and PDF Highlight Reel: Amazon FBA Retail Arbitrage Tips

Transcript

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0:00.0	Side Hustle Show 157. This is Amazon FBA retail arbitrage on steroids.
0:04.8	How my guest went from zero to six figures in less than a year.
0:08.0	Welcome to the Side Hustle Show.
0:11.0	Where aspiring part-time entrepreneurs learn how to turn their side hustle dreams into reality
0:16.7	Because your 9-to-5 may make you a living, but your 5-9 makes you alive
0:21.8	And now your host, Nick Loper.
0:25.6	What's happening, Nick Loper here?
0:30.2	Welcome to the Side House show,
0:32.0	where it's all about ideas, action, and results.
0:34.2	Some crazy ideas and results for you in today's show.
0:36.8	Now we talked about the Amazon FBA business before, both on the private label side
0:40.9	with Andy Slammons and Will Mitchell and on the retail
0:43.4	arbitrage side with Travis Scott and those are some of the most popular
0:46.9	episodes in the archives. This business if this is your first time hearing
0:50.8	about it it's a variation on the old age-old
0:54.2	buy-low-sell-high business model only you tap into Amazon's giant
0:57.8	built-in marketplace of buyers to find your customers. It's just on you to find
1:01.5	profitable inventory to list for sale.
1:04.0	Now today we're going to dive into just what kind of scale is possible in an Amazon
1:09.1	FBA business without importing, without private labeling products, all on the retail arbitrage side.
1:14.4	My guest is Assadidki.
1:16.8	He's a finance director by day at a Boston hospital, and he's a master side hustler by evenings and weekends. He's grown this
	...

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