Recently a friend of mine posted about how he sold his 2.5-year-old Amazon FBA business for over $400k, which I thought was incredible.
The twist was it turned out the buyer was a familiar face as well. Spencer Haws of NichePursuits.com was the seller, and Ace Chapman of AceChapman.com was the buyer.
They are both previous guests of the show. Spencer was on episodes 18 and 70 of The Side Hustle Show talking about niche sites and software, and Ace was a guest on episode 182, talking about investing in digital real estate.
It’s no secret that Amazon FBA is one of the hottest side hustles going right now, and it shows no signs of slowing down anytime soon.
FBA is Fulfillment by Amazon, the program that allows you to list your own products for sale on Amazon, tap into their giant audience of customers, and have them handle all the shipping when orders come in.
The trick is figuring out which which products to sell, and that’s where Greg Mercer comes in.
This week’s episodes is a, “Where are they now?” show as I revisit with Ryan Grant of OnlineSellingExperiment.com.
Ryan first appeared on the show all the way back on episode 61 in 2014. Back then he had just quit his $50k a year job to sell online full-time using retail arbitrage.
In this episode Dustin lifts the lid on a business he invested a large chunk of time and money into, only to pull the plug on it a year and a half later.
He designed a great product that solved a pain point for people in the fitness community.
So, what went wrong?
From the spare bedroom to $15k in monthly recurring revenue, Sam Gonzalez has grown the subscription style service UrbaneBox.com all on the side from his day job as a police officer.
He noticed his wardrobe was getting pretty outdated and with family and work life, he didn’t have any time (or desire, really) to go shopping. So he decided to do something about it and create an online subscription box business with a cool value proposition: $120 worth of designer clothes for $60.