Ryan Grant’s idea seems too good to be true, right? But after 4 years and $8 million in sales, he’s proving that anyone can make a living from flipping Walmart stock on Amazon. What started out as Grant’s side-hustle is now a fully-fledged business in e-commerce with 11 employees.
“My Own Schedule and My Own Time”
Despite attending college and getting a good job as an accountant, Ryan Grant was left feeling unfulfilled.
“Pretty early on I realized I wasn’t in the career path that I wanted to be on,” he tells MSN. “I was starting to explore ways that I could basically leave that job and have my own schedule and be on my own time.”
So, he thought back to his college days and remembered how he would make money with a side-gig. When he was a student at Winona State, he ran twice-yearly textbook buyback events. Then, he would flip the second-hand books on Amazon making $10,000 per year. You could say he was always destined to be an entrepreneur.
Use Amazon to Your Advantage
It was as easy as using the Amazon Seller app to see how much money he could make from each book, and how quickly. His business started to boom, and there weren’t enough hours in the day to process and package each order.
“From there forward I did Fulfillment by Amazon the rest of the way,” Grant explains.
By using Amazon Fulfillment, Grant shipped all the books directly to an Amazon warehouse, where the retailer would the pack and ship all orders for a fee. Grant uses this same simple business model to make millions for his business, today.
At first, Grant started prowling the clearance aisles in Walmart. Scanning items with the Amazon Seller app to see how much profit he could make. From working just 10 extra hours per week, his side-hustle would bring in $10,000 per month.
He soon matched his salary from his main accounting job, and quit to pursue the business full-time. “I was confident that if I had full-time hours to dedicate to selling online that I would be able to more or less scale that up,” Grant says.
Aside from Walmart, Grant was also finding new stock at Target and Toys R Us. And items started filling up his house. With the need to expand, he started renting a 725-foot warehouse and employed his first worker.
“I went from just me in this business doing around three-to-five thousand dollars in sales per month and now, four years later, we’re a team of 11 and we’re doing well over $200,000 in sales per month.”
Thinking of Becoming an Amazon Seller?
Grant now largely allows his team to run the business, as he’s found a new purpose. Grant consults and teaches e-commerce classes via his online blog, and hopes to inspire others. “I think anyone can do it if they’re willing to put in the work,” he says.
If you’re inspired by Grant’s story, you can check out his blog, here.
Additionally, if you’re looking for a side-hustle of your own, read our list of 11 Side-Businesses That You Can Start for Less Than $100.
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