260: From Flipping Textbooks to $4 Million in Sales: How to Scale Your Amazon FBA Retail Arbitrage Business

Published: Dec. 7, 2017, 10 a.m.

b'A lot has changed in Ryan\'s "buy low, sell high" business built on Amazon\'s FBA program.\\nThis week\\u2019s episode is a \\u201cwhere are they now?\\u201d show as I catch up with Ryan Grant from\\xa0OnlineSellingExperiment.com.\\nRyan first appeared on the show back in 2014 on episode 61. Back then he had just quit his $50k a year job to sell online full-time using retail arbitrage.\\n(He\\u2019d started out flipping textbooks in college and then got into Amazon FBA retail arbitrage; buying low from stores locally and re-selling on Amazon.)\\nFast forward 3 years and Ryan\\u2019s business has grown at an incredible pace.\\nHe\\u2019s had some pretty impressive media exposure off the back of a Reddit AMA and is on track to sell more than $4 million worth of stuff in 2017.\\nWhat were the driving forces behind this accelerated growth?\\n\\u201cI wanted to make it a true business,\\u201d Ryan said.\\nHe now has a team of 11 people working for him, has put processes in place to find more items in retail stores, has started buying at wholesale, and can now use his own time more efficiently to work on growing his business and finding expansion opportunities.\\nRyan\\u2019s success is proof that retail arbitrage is still a viable side hustle. In this episode he explains what he\\u2019s learned over the last 3 years, and how the retail arbitrage landscape has changed for new sellers.\\nTune in to hear Ryan explain how he grew his business into a multi-million-dollar operation, how he grew his team and developed processes to scale up, and what he\\u2019s focusing on in 2018.\\nFull Show Notes and PDF Highlight Reel: From Flipping Textbooks to $4 Million in Sales: How to Scale Your Amazon FBA Retail Arbitrage Business\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'