For the last five years, the 28-year old has been growing his business inAfter scaling his business for a few years while balancing a job at a major insurance company, Brown made the decision to put all of his energy into resale. He went part-time at his insurance job in March of 2018 before ultimately quitting 12 months later.to pursue his side hustle as an Amazon arbitrageur full-time. Today, he runs his arbitrage business with his partner and long-time friend, Michael Herbers.
Since 2015, Brown has sold more than $1.2 million worth of goods on Amazon, according to 1099-K tax forms and screenshots of his Amazon seller dashboard viewed by Business Insider. In 2020 alone, Brown has sold more than $300,000 worth of goods., which has more than 7,500 followers and helps inspire novice resellers to learn more about the industry.
Right now, Brown said he's holding onto to a couple hundred units of a Black Panther board game. Since this item will likely never be made again — and with Christmas approaching fast — Brown believes he'll be able to make a sizable profit by waiting to list his items until other sellers deplete their supply.
stories like this are insidious because they devalue the amount of effort and turnover you need to find real monetary success. 1.2 mil is peanuts for a product business - assume a (very) optimistic net margin of 10% - that’s only 120K.
No, I will not subscribe. Thank you.
Mate toyfolio is this you?
How much did he pay to Amazon in fees though?
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