Buy low, sell high. It’s a simple idea that a bored accountant used to create a multi-million dollar business, and one that he says you can replicate as a side-hustle. Ryan Grant graduated from college, pursed a career in accounting and quickly found himself wanting more in life. It started while in college, Ryan started shopping for sales in popular retail stores and buy items in bulk. But instead of purchasing what he liked, Ryan came armed with a secret weapon…an Amazon seller’s account and his phone.
Ryan would find sale items in Walmart, Target and Toys R Us, then used the Amazon seller app to compare them to online prices.
Eventually In 2013 Ryan quit his full-time job paying over $50K per year to pursue making a full time income selling online. His business now does over 7-figures in sales per year and he sits down with the Marketplace to discuss just how he did it.
Online Selling Experiment
Scoutify—App used for aiding online arbitrage.
Keepa—Amazon price tracker
Camel Camel Camel—Amazon price tracker
Oaxray—Scouting reports for Online Arbitrage
Tactical Arbitrage—Scouting reports for Online Arbitrage
Coinbase a secure online platform for buying, selling, transferring, and storing digital currency