In this edition of The Side Hustle Show I’m joined by Ryan Grant, founder of OnlineSellingExperiment.com, and a guy who turned his online selling side hustle into a full time gig.
Ryan and I connected on Twitter after I published a post from Travis Scott on how he earns $500 per month with Amazon’s FBA program.
I’m pretty fascinated by this opportunity, both by how smart Amazon is to crowdsource their inventory, and by how real people are making real money with this side hustle.
During our conversation, Ryan and I cover how to get started and how he’s planning on ramping up his business.
Learn:
- How Ryan got his start selling online.
- How much he was earning part-time, when he felt comfortable quitting his job, and how his income has grown since then.
- The start-up costs and strategies for sourcing inventory today, including the criteria he uses when shopping.
- Ryan’s favorite items to flip.
- How to deal with product returns (hint: Amazon takes care of it for you).
- Our thoughts on the future and risks of “retail arbitrage.”
- Ryan’s #1 tip for Side Hustle Nation.
Links:
- OnlineSellingExperiment.com
- Ryan on Twitter
- The Amazon FBA episode on Smart Passive Income
- Travis’ guest post on earning $500/mo part-time
- How to make money in college
- The Amazon FBA program
- Flipping books for profit
- ProfitBandit app
- Amazon seller app
- ScanPower app
- ThriftingforProfit.com
What do you think? Is this a viable side hustle for you? Is there a risk in it getting overplayed?
I’m intrigued by it, since the start-up costs are so low. Some people I’ve talked to are making good side money doing this! What say you? Let me know in the comments below.