Do you enjoy hunting for bargains that you can buy low and sell high?
Charlie William does, and his book flipping business is proof that this business model still works.
He’s become a master deal-hunter, selling more than $9,000 worth of used books last month on Amazon.
The best part? Anyone with access to thrift stores, yard sales, and local charity shops can get started with this side hustle for just a few bucks a month.
Amy Feierman and Kristin Ostrander of MommyIncome.com have generated over $2 million in sales on Amazon over the last 12 months – not through retail arbitrage, not with FBA, but with a unique strategy that has high margins and lower costs per sale.
What are they selling on Amazon?
Bundles — Think shampoo and conditioner, peanut and butter, or any 2-6 products that compliment each other and provide some added value and convenience to the buyer.
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.
John Cavendish of FBA Frontiers started his FBA business three years ago and has become an advocate for the e-commerce and FBA scene in Europe.
If you already have experience with Amazon FBA in the US, expanding into Europe is easier than you’re probably thinking and opens up a much wider customer base.