Inside Amazon Wholesaling: Corey Ganim's Path to $3.2 Million (MU Classic)

Jun 2, 2025

Corey Ganim, an Amazon wholesale expert and host of The Amazon Wholesale Podcast, shares his journey to a seven-figure business. He discusses the importance of strong supplier relationships and navigating Amazon's listing system. Corey emphasizes targeting 'unsexy' products and mastering logistics with FBA versus FBM. He shares insights on financial management, optimal profit margins, and effective hiring in the Philippines. Additionally, he highlights the value of long-term thinking in entrepreneurship and balancing organic growth with content creation.

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ANECDOTE

From Books to Online Arbitrage

Corey began selling used books at thrift stores to build capital for Amazon selling.
This low-capital start evolved into online arbitrage to scale his Amazon business.

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ANECDOTE

First Wholesale Sale: Baby Strollers

Corey's first wholesale product was the Black Nano stroller, bought directly from the manufacturer.
He cold-called the manufacturer, impressing them despite his inexperience, to start the supplier relationship.

insights

INSIGHT

Amazon’s Buy Box Explained

Amazon listings combine all sellers of the same product to one listing.
Winning the buy box depends mostly on price and delivery speed, crucial for sales.

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From Books to Wholesale: The Amazon Selling Journey

02:22 • 9min

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Mastering Amazon Pricing Strategies

11:43 • 7min

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Mastering Supplier Relationships in Amazon Wholesaling

18:49 • 11min

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Understanding Profitability Tools and Supply Chain Dynamics in Wholesaling

30:10 • 4min

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Navigating Amazon Logistics

33:59 • 5min

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Effective Hiring Strategies: Sourcing Talent from the Philippines

39:05 • 3min

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Mastering Profit Margins and Cash Flow

41:43 • 14min

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Maximizing Efficiency: Profit First and Content Growth Strategies

55:40 • 2min

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Balancing Organic Growth and Content Creation in Wholesale Business

57:31 • 2min

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The Importance of Long-Term Thinking in Entrepreneurship

59:17 • 3min

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Profit First for e-commerce sellers

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Cindy Thomason

Cindy Thomason's "Profit First for E-commerce Sellers" adapts the core principles of Mike Michalowicz's "Profit First" to the specific challenges and opportunities of online businesses. The book provides practical strategies and tools for e-commerce sellers to improve their financial management, focusing on proactive profit allocation and cash flow optimization. It emphasizes the importance of separating bank accounts for operating expenses, inventory, and profit, providing a clearer picture of financial health. The book also addresses common challenges faced by e-commerce entrepreneurs, such as managing inventory, hiring staff, and planning for growth. It offers a step-by-step approach to implementing the Profit First methodology, empowering sellers to build more sustainable and profitable businesses.

Profit First

Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Mike Michalowicz

In 'Profit First', Mike Michalowicz introduces a behavioral approach to accounting that flips the conventional formula from 'Sales - Expenses = Profit' to 'Sales - Profit = Expenses'. This system involves taking a predetermined percentage of sales as profit first and then allocating the remainder for expenses. The book provides practical, step-by-step advice and case studies to help entrepreneurs manage their businesses more effectively, ensuring early and sustained profitability and long-term growth.

#436 In this episode of the Millionaire University Podcast, Brien Gearin interviews Corey Ganim, an Amazon wholesale expert who shares his journey to creating a seven-figure business by reselling products on Amazon. They dive deep into the intricacies of wholesale on Amazon, touching upon product selection, sourcing strategies, logistics, and the importance of strong supplier relationships. Corey also discusses the operational aspects of his lean team and key lessons in managing a capital-intensive business.

(Original Air Date - 7/8/24)

What we discuss with Corey:

+ Introduction to Corey Ganim and His Business Model

+ How Strollers Got Him on The Millionaire Path

+ Navigating Amazon Listings and the Buy Box

+ Finding the Right Products and Suppliers, Don't Overcomplicate It

+ Why He Leans Towards the Unsexy Products

+ His Process For Working with Distributors and Manufacturers

+ FBA vs. FBM and Logistic Strategies

+ Financial Management and Profit Margins

+ Operating a Lean Team and Expanding with Content

+ Favorite Resources for Amazon Wholesaling

+ Advice for Entrepreneurs

Links and resources from this episode:

⁠SmartScout.com⁠ - Find product opportunities no one else can on Amazon

⁠OnlineJobs.ph⁠ - The Job Board for Virtual Workers in the Philippines

⁠Seller Snap⁠ - The most advanced AI Amazon repricer and business intelligence software on the market

⁠Repricer.com⁠ - Maximize Sales and Profits with the World's #1 Repricer

⁠Profit First by Mike Michalowicz⁠ - Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

⁠Profit First for Ecommerce Sellers: by Cyndi Thomason⁠ - Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine

To listen to these books on Audible for FREE, click ⁠here⁠.

Thank you, Corey!

To learn more about Corey Ganim, check out his Podcast, ⁠The Amazon Wholesale Podcast⁠ and follow ⁠Corey Ganim⁠ on YouTube, where he shares valuable insights and content related to Amazon wholesale.

For more information go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MillionaireUniversity.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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