604: How to Make $3.2M/Year Reselling Products on Amazon

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 18 April 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ever wish you could get a piece of the Amazon pie? Corey Ganim of coreyganim.com did just that, banking $3.2 million in sales by selling other people's products on the e-commerce giant's platform. And he didn't have to deal with the massive upfront costs and headaches of manufacturing his own products. Corey got started in early 2019 and went full-time with his unique wholesale business model by mid-2020. He's since built a multi-million-dollar business buying brand-name inventory at wholesale prices and reselling it on Amazon at a profit. In this episode, Corey shares his best tips and insights featured in his book, The 5 Pillars of Amazon Wholesale and his free Wholesale Challenge training. Full Show Notes: How to Make $3.2M/Year Reselling Products on Amazon New to the Show? Get your personalized money-making playlist here! Sponsors: Ladder – Get instantly approved for term life insurance—no doctors, no needles, no paperwork! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! Airbnb - Start an Airbnb business and earn money as an Airbnb Host! Cantaloupe — Join the 30,000+ entrepreneurs who rely on Cantaloupe to run and grow their vending businesses!

Transcript

Click on a timestamp to play from that location

0:00.0	3.2 million dollars last year selling other people stuff on Amazon.
0:06.0	What's up, what's up, Nick, all over here?
0:07.6	Welcome to the Side Hustle Show part of the entrepreneur podcast network,
0:12.0	where we've been making day jobs optional since 2013.
0:15.0	Now one of the core ideas of the show over the last 600 episodes is to go where the cash is already flowing.
0:21.0	And nowhere, arguably, is it flowing and nowhere arguably is flowing faster than on Amazon.
0:25.6	The eCom giant hosted an average of a billion and a half dollars a day in revenue last year.
0:34.0	1.5 billion dollars in revenue a day in 2023.
0:37.0	And today's episode is about how to carve out a piece of that for yourself.
0:42.0	And it's not even going to take a big sliver of that pie to make a meaningful income stream for you.
0:47.2	Today's guest has done just that over the last five years starting as a side hustle
0:52.4	with a unique lower risk e-commerce approach from
0:56.5	koryganam.com kory ganyam welcome to the side hustle show thank you nich yeah man
1:02.1	looking forward to chopping it up and
1:03.7	giving your audience a lot of really good insight into how the wholesale business
1:07.2	model works on Amazon. Well I am looking forward to learning alongside the
1:11.7	audience as well.
1:12.6	Stick around in this one.
1:13.8	We're talking niche in product selection.
1:16.7	We're talking about how to find reliable suppliers
1:19.4	and the logistics and marketing best practices here that come into play when you're moving millions of dollars in physical inventory around the country.
1:28.0	If you're new to the show, welcome. We've got hundreds of killer case studies just like this one. Of course, we'd love to have you
	...

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.