Nov 06, 2017 13:30:00

What is the key to success that the 30-year-old who succeeded in selling a supermarket bargain on Amazon and earning a lot of money talks about it?

When a man who worked as an accountant

started a side business of selling bargain items purchased at the world's largest supermarket chain Wal -Mart on Amazon, he became able to earn salaries equivalent to his main job and resigned as an accountant. After that, I continued to make steady profits, and at the age of 30, I got a monthly salary of 17 million yen. He tells CNBC Make It how he succeeded in making money and what are the tips for success.

30-year-old's company makes millions selling Walmart buys on Amazon
https://www.cnbc.com/2017/11/02/28-year-olds-company-makes-millions-selling-walmart-buys-on-amazon.html

Ryan Grant, who worked as an accountant in Minneapolis, Minnesota, USA, said one day he felt he wasn't on the career he wanted. So, when I quit my job and looked for a way to control my time and schedule myself, I remembered that when I was a college student at Winona State University, I had a textbook repurchase event twice a year. .. At that time, Grant posted a list of textbooks on Amazon and shipped them to buyers, earning $ 10,000 a year.

At the time, Grant used an app called Amazon Seller to predict the profits and time required for textbooks and buy them back. However, when I actually tried it, shipping and packing work was difficult, so it seems that the event was held only for one semester. To do the same thing again, Grant decided to sell something other than textbooks and use Fulfillment by Amazon (FBA). With FBA, products can be delivered and managed in Amazon's warehouse, and Amazon will ship them according to the order, eliminating the need for sellers to process items such as packaging.

Grant headed for Wal-Mart 's clearance sale and resold it after confirming in Amazon's app that several products such as toys, games and appliances could make a profit.

By using the app, you can see how much profit you can make by selling the product like this.

Grant who makes a lot of shopping.

“I was able to generate $ 1,000 a month just by spending 10 hours a week,” Grant said. Grant quit his accountant in September 2013, when he continued to generate revenue in a similar way, earning as much as his income as an accountant. And as of December 2013, three months after starting full-time repurchase as a job, total sales reached $ 25,000 (about 2.9 million yen) and profits reached $ 9,000 (about 1 million yen). I did.

In 2014, Mr. Grant rented a warehouse himself and embarked on full-scale business expansion. However, it required him to shop 30 hours a week and prepare for shipping 15 hours a week, so he decided to hire a friend as his first employee. Gradually getting the hang of it, Grant realized that 'seasonal products are very profitable.' The business seems to have boosted by knowing the fact that some people buy sweets after Halloween and unsold Christmas cakes.

The warehouse that Grant moved to in July 2017 due to business expansion is five times as large as the first warehouse. As of November 2017, the business is run by a team of 11 people, with monthly sales of $ 200,000. Of course, most of the profits will be directed to reinvesting in the company, but even after deducting the expenses, Mr. Grant will have about 150,000 dollars (about 17 million yen) as salary.

Of course, there were some failures in the business, and when the nail file for dogs was defective, the sale on Amazon was stopped, and we paid a fine and had a large inventory. However, Grant sees the business itself as a success, saying, 'Anyone can succeed if they can find a job that they are happy to do.'

Grant is currently spending his time reducing his salary by $ 60,000 and communicating his message to people by taking e-commerce classes and consulting. Grant hopes that people who want to be as independent as they are will be as happy as possible.