we have a surprising story now about a
man who turned what he called his side
hustle reselling items from clearance
racks into a successful company Becky
Worley has his secret she's been telling
now hey Becky good morning George buy
sale items and sell them at a profit it
sounds so simple but one savvy shopper
turned that straightforward idea into
big business and he says you can - this
is Ryan grant former job accountant I
would say about six months into that job
I realized this wasn't the path for me
but he learned the basics of business
buy low sell high and with that idea
started a part-time job that he says now
generates almost four million dollars in
revenue the 28 year old who lives in
Minneapolis found sale items in Walmart
Target Toys R Us then used the Amazon
seller app to compare them to online
prices he buy low list on Amazon sell
high and repeat I was able to get that
to about $1,000 a month in profit
working about 10 hours a week and that
made him confident enough to quit his
accounting job now he says he has a
warehouse full of boxes a staff of 11
people and he says you can do it - okay
let's try it
I've already installed the Amazon seller
app it took me like five minutes online
so now all I have to do is go into the
store find some clearance items and then
take them home to sell them online
hopefully at a profit sure enough I fire
up the Amazon seller app and then it has
this camera using that I scan the bar
for this toy cost four dollars here in
the store online it's selling for nine
dollars and forty nine cents that's a
profit these pens buy it for ten dollars
sell it online and make over five
dollars profit finally tire chains
twenty-five dollars in store but listed
online for $59 even after take into
account Amazon fees and shipping costs I
profit about fifteen dollars after a few
months of learning what sells and how to
factor in those shipping costs Ryan
thinks you could make one to two
thousand dollars doing this part-time I
do think it's something that anyone can
do if you're willing to put in the work
Ryan says he's making about fifteen
percent profit on sales of roughly four
million dollars he only pays himself
sixty thousand and salary but I see how
you could make money in this I listed my
items right from my phone it took me 60
seconds per thing I'm selling I stand to
make thirty five bucks in profit in my
little small-scale test it's not four
million George but it's something now
and I guess it's this app must make all
the difference does we've had craigslist
and ebay around for a while people
didn't seem to do it no it's all about
that phrase you've read before when
buying fulfillment by amazon ryan buys
in bulk emails everything to an Amazon
warehouse they deal with all the
shipping to customers even in Craigslist
don't do that big difference Becky
thanks very much well hey there GMA fans
Robin Roberts here thanks for checking
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