326: Reselling on Amazon with a $1 Million Seller: Let’s Go Pick Up Profit!
The Side Hustle Show - Ein Podcast von Nick Loper of Side Hustle Nation - Donnerstags
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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.
