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Thread: Buy from Walmart, sell on Amazon, get rich

  1. #1
    Rewind is offline
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    Joined: Oct 2017 Location: Los Angeles Posts: 319

    Buy from Walmart, sell on Amazon, get rich

    As a college student, Ryan Grant bought used textbooks from classmates and resold them -- the textbooks, not the classmates -- on Amazon. He now runs an entire company, buying clearance items at Walmart and selling them on Amazon. This year's sales should top $8,000,000 and profits will be around $2,500,000. Golly gee!

    This 28-year-old's company makes millions buying from Walmart and selling on Amazon

    https://www.cnbc.com/2017/11/02/28-y...on-amazon.html

    In a podcast on his Twitter page, Grant explains "How to start selling on Amazon."

    https://twitter.com/walkaway50k

  2. #2
    Penguin is offline
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    Joined: Nov 2017 Location: San Fernando Posts: 25
    When you sell things on Amazon, doesn't Amazon take a big percentage of the profit?

  3. #3
    Rewind is offline
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    Amazon's profit percentage on third-party sales varies, depending on the item. On items with typically high markups, such as jewelry, Amazon keeps 20%. On most electronics, Amazon keeps 15%. And, speaking of Amazon.......

    Amazon CEO Jeff Bezos just sold $1.1 billion worth of his stock

    http://www.msn.com/en-us/money/marke...D=ansmsnnews11

  4. Ad Fairy Senior Member

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