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.
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)”
When you’re just starting out selling on eBay it might be unlikely that you’ll generate enough listings to justify forking over the money for an eBay store. One issue, however, is that eBay stores offer something called “Vacation Mode” for when you need to take a few days off. Personal accounts don’t have the same setting, but I figured out a way to mimic the functionality with my personal account. Continue reading “Setting my Personal eBay Listings on “Vacation Mode””
Early October mostly seemed a bit like “cruise control” for The Husstle. We had some life stuff that we had to do and wanted to limit any buying that we did. So it came down to mostly selling with just a few pickups. Here’s some noteworthy stuff from the first part of October.
Continue reading “Our Favorite Buys and Sells from Early October (2017)”
I think I might have mentioned that I’ve wanted to get into Amazon FBA. So I was walking through a local Target’s clearance section working on getting started with FBA by doing some retail arbitrage. I found a bunch of Qixels glow-in-the-dark design creator on clearance for about $5 each. I looked up the Amazon listing, and it was a little crazy at the time around $40. I figured even at the regular price of about $15 to $20, I’d get a nice little profit out of them so I bought the 9 units I could find on the clearance shelf. Now, I had just set up my seller account (as an individual account to get started) a few days ago and while I had the Amazon seller app on my phone I didn’t sign into it yet and couldn’t remember my password at the time, and that’s where I made my mistake. Continue reading “My first run in with Amazon’s gated categories, aka, the Qixels Conundrum.”
September for us was mostly about acquiring inventory and selling some of our things we don’t need anymore for “seed capital.” Here are some of the things we bought and sold that we found interesting, cool, or special in some way. Continue reading “Our Favorite Buys and Sells from September (2017)”
Welcome to the start of The Husstle (it’s misspelled, we know). I’m Daniel, and my wife Susan and I came to realize that we had some goals that we wanted to work towards, but we weren’t going to get close to accomplishing them by just saving what we were putting away from our paychecks. So we started coming up with some ways that we could put away some extra money towards our goals. After we started a couple, I jokingly started calling the little lockbox that we were keeping the extra cash in “the hustle fund.” From there I took the liberty of the stylized spelling (similar to our last name) and all this is starting to go off from that. The plan is to share our experiences from our efforts to put some of our goals closer in reach.
Continue reading “The Start of Something New…”