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

  1. #1
    Rewind is offline
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    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
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    When you sell things on Amazon, doesn't Amazon take a big percentage of the profit?

  3. #3
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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. #4
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    Look what I found on Amazon. I'm thinking of ordering this book along with the 2022 World Almanac and the 2022 Guinness Book Of World Records.

    Knocked: A Regan Reilly Mystery Hardcover – Apr 1 2022
    by Carol Higgins Clark
    This title has not yet been released.
    You may pre-order it now and we will deliver it to you when it arrives.

    https://www.amazon.ca/Knocked-Myster.../dp/1476710511

  5. #5
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    Where I work (at the post office) we deliver a lot of parcels from Amazon but we heard they're going to build a new facility in Culver City and start using their own drivers. Amazon sells almost everything and they will even deliver groceries and put them in people's refrigerators. I think they're trying to take over the country.

  6. #6
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    As Walmart shifts away from building new stores and focuses on competing with online giant Amazon, Wal-Mart Stores Inc. is shortening its name to Walmart Inc.

    Wal-Mart's new name: It's not just a store anymore

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

  7. #7
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    Business Insider calls Walmart vs. Amazon "the clash of the titans." Walmart lost 3 cents today to close at $97.11. Amazon rose $4.88 to $1,179.14. (And then there is Sears/Kmart at $3.85 and JC Penney at $3.09.)

    Walmart and Amazon's long-simmering feud exploded in 2017 — and it's redefining retail
    Business Insider, Dec 15 2017

    Amazon and Walmart competed more fiercely in 2017 than ever before. It has quickly become the biggest feud in retail — and possibly all of business. With all the new features that have been unveiled, consumers are the clear winners.

    http://www.businessinsider.com/walma...e-year-2017-12

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