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.
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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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