Selling Items on Clearance to Make Millions or Lose Thousands.

Good Morning America did a piece about Ryan Grant a former accountant that now makes a living from selling products on Amazon through Fulfillment¬†by Amazon. Ryan is doing what’s called “Retail Arbitrage”, buying goods on sale or clearance at a discounted price and then selling them in another place (in this case Amazon) at a higher price, the old adage¬†of “buy low, sell high.” The video does a good job of going over the basics of getting set up and starting but really glosses over the fees and costs and how to account for them. I also have a hard time picturing that he’d be able to source $4 million in goods to sell just from clearance racks, but that could just be because of my perspective of doing something similar in a small town. Otherwise, it’s a great success story and is kind of inspiring of something to aim for.

Daniel

Our Buys and Sells From Late October (2017)

The last half of October was really busy for us and included a vacation to California. So the time we needed to spend between getting ready for that and “recovering” after we got back, we made the decision not to purchase much inventory before then and haven’t had much time afterward to pick up much either. There’s still some stuff that sold that I want to talk about in this post. Continue reading “Our Buys and Sells From Late October (2017)”