The Side Hustle Show
604: How to Make $3.2M/Year Reselling Products on Amazon
Apr 18, 2024
Entrepreneur Corey Ganim shares how he made $3.2M/year reselling products on Amazon. He discusses the advantages of wholesale business model, importance of supplier relationships, maximizing profits through product selection strategies, negotiating effectively, calculating product prices and profit margins, assessing competition, managing risks, optimizing pricing with third-party tools, and building a successful Amazon wholesale business.
01:02:07
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Quick takeaways
- Transitioning from retail arbitrage to wholesale model is key for Amazon success.
- Selecting niche products and building strong supplier relationships are vital for Amazon sales.
Deep dives
Entering Amazon's Profitable E-commerce Space
Exploring the lucrative world of e-commerce on Amazon, the podcast delves into strategies to carve out a niche in this domain. The guest shares insights on transitioning from retail and online arbitrage to a scalable wholesale e-commerce model. By leveraging wholesale strategies and supplier relationships, individuals can tap into sustainable income streams on Amazon.
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