459: Online Arbitrage: Make Money with Amazon FBA from Home

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 26 August 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Online arbitrage is the process of buying inventory from one site to resell on another (usually Amazon). To help school me on this side hustle is Chris Grant, a longtime Amazon seller and the founder of ClearTheShelf.com and OAChallenge.com. Chris has been involved in the online arbitrage space for the last 10+ years and is currently selling $75,000-80,000 per month. In this episode, Chris explains the systems he’s built and the tools he uses to help him find more “winners”, minimize the risk of losses, and how anyone can make money with this side hustle in just 1-2 hours a day. Tune in to The Side Hustle Show interview to learn: Where Chris finds inventory to sell on for profit The tools and tech he uses to automate and streamline his product sourcing How he minimizes risk on the downside and some hacks for finding discounts when buying in bulk Full Show Notes: Online Arbitrage: Make Money with Amazon FBA from Home

Transcript

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0:00.0	What's up? What's up? Nick Lopper here. Welcome to the side hustle show because your earning power
0:05.4	Doesn't have to stop with your paycheck
0:07.7	So you guys you already know they're buying low and selling high it can be a quick way to multiply your money
0:13.1	But what if you could go out and find that profit from the comfort of your home
0:18.3	That's the promise of online arbitrage in a nutshell
0:21.9	This is inventory that you ordered from one site to resell on another
0:25.5	Sometimes often Amazon and it's amazing to me that this is a thing
0:29.8	But it very much is and to help school me on this side hustle is a long time Amazon an e-commerce seller
0:36.8	He's the founder of clear the shelf.com and oaychallenge.com
0:41.7	Chris Grant welcome to the side hustle show
0:44.6	Thanks for having me Nick. I appreciate you man. All right. Well, I'm excited to dive into this and learn more about this business
0:50.1	The full text summary of our conversation and links to all the resources mentioned are at
0:55.1	Side hustle nation.com slash oh a that's oh a for online arbitrage
1:00.0	Chris, maybe you can kick us off with a glimpse of what is possible maybe a glory story a greatest hits or you know
1:07.7	Maybe a purchase of yours that really blew up that you went big on that turned out to be a really great ROI
1:13.9	One of the most recent ones that I can recall was not was actually last Q4 and
1:20.0	And we just happened across a product that you could find it if you were walking down the aisles of your local pharmacy of your local store
1:28.5	But of course we happened to find the item while doing online sourcing and
1:34.3	When we found this product we're of the mindset where you buy some product and you test it out and of course the first test
1:41.8	Did really really well and so then we went bigger and we actually did something called merchant fulfilling for this product where
1:49.9	It was actually selling so fast that rather than send it into Amazon and allowed them to fulfill the product
1:56.7	We actually fulfilled the product here from where we work which happens to be from home and send it directly to the customer and
	...

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