Business
Private-label. Retail arbitrage. Wholesale purchasing. Online arbitrage. My primary focus here at The Online Rich is the private-label model because that is what I do, and it has definitely worked for me. But private-label is not the only way to make money on Amazon! In fact, Ryan Grant is leveraging several different strategies to build a successful business on the platform… But he got his start in retail arbitrage and that approach remains at the foundation of his team’s work. Today, Ryan joins me to discuss the retail arbitrage model, explaining his buying guidelines and the tools he uses to analyze potential profit. He speaks to the evolution of the Amazon platform as well as the enduring opportunity in the space. Ryan shares the most rewarding parts of owning an online business, the biggest misconceptions around selling on Amazon, and the value in networking with other sellers ON or ABOVE your level. Listen in for Ryan’s advice for aspiring entrepreneurs on ‘just in time’ learning and find out if the retail arbitrage model is right for you!