326: Reselling on Amazon with a $1 Million Seller: Let’s Go Pick Up Profit!

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 14 March 2019

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jessica Larrew and her husband Cliff have been reselling on Amazon for years. And though it started as a part-time side hustle, it turned into a serious business--they've sold more than $1 million worth of stuff on Amazon! What's surprising – and I think exciting – is that they’ve done this is by finding profitable products to resell primarily in nearby retail stores. How Reselling on Amazon Works Jessica takes advantage of Amazon’s FBA program, or Fulfillment by Amazon. This is Amazon's way of crowdsourcing its inventory, and letting regular people like us tap into its world-class logistics network. That means this Selling Family doesn't have to ship anything to the end customer, handle returns, or write up product descriptions. How the business works is like any other retail business: you profit on the spread between the cost of your product and what it sells for. Now you have to account for Amazon's fees and shipping costs, but it's basically buy low, sell high. And the best part of this side hustle is that you can get started today with whatever initial inventory investment you're comfortable with. Full Show Notes: Reselling on Amazon with a $1 Million Seller: Let’s Go Pick Up Profit!

Transcript

Click on a timestamp to play from that location

0:00.0	Side Hustle Show, 326. Let's go pick up profit. How to make money reselling stuff on Amazon.
0:07.0	What's up, what's up, Nick Loper here? Welcome to the Side Hustle Show because there's
0:14.6	profit everywhere. You just have to know where to look. One surprising and I think
0:20.1	exciting place to look for that profit is just in nearby retail stores where my
0:25.0	guest today has found more than a million dollars worth of stuff to resell
0:28.3	specifically Jessica Lourew and her husband make money buying low locally and selling higher on Amazon.
0:36.2	They take advantage of Amazon's FBA or fulfillment by Amazon program so they don't have to ship
0:41.4	anything to the end customer and they've built a pretty
0:43.9	substantial business doing this. They've even got their eight-year-old son in on the action and you can
0:48.8	learn more about them at the Selling Family.com slash . . . . . . .
0:54.0	to hear how Jessica sources profitable inventory to flip, the tools and buying criteria she
0:59.9	uses, and how you can literally get started with this today.
1:03.7	I'm a fan of this side hustle because it's so simple to understand, it's
1:07.3	repeatable, and you can see results from it quickly.
1:10.3	Notes and links from this episode, plus the free downloadable PDF highlight reel are at
1:14.8	Side hustle nation.com slash Jessica. Now Jessica is about to share some of the tools
1:19.9	she uses to run her business and one cool tool I think you should know about is our
1:23.9	sponsor skill share.com skill share is like Netflix for entrepreneurs
1:28.4	officially it's the online learning community for creators but with more than 25,000 online on-demand
1:35.8	classes in marketing, business, and tons more, you're sure to find the exact
1:40.9	material you need to take your skills and business to the next level.
1:44.8	Side Hustle show listeners can get two months of free unlimited access to this knowledge
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nick Loper, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick Loper and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.