307: Online Arbitrage – How to Find Amazon FBA Profit from Home

Can you find Amazon FBA profit from the comfort of your couch?

Amit Desai of CreditCard101.us has built a business doing exactly that, and now he’s on track to sell $250k worth of stuff this year – all on the side from his day job.

We’ve covered Amazon FBA and retail arbitrage before on the Side Hustle Show, but Amit has a unique angle in that he sources most of his inventory online.

Full Show Notes and PDF Highlight Reel: Finding Amazon FBA Profit from Home

Amit’s side hustle background is actually as a travel hacker. He’s one of those guys that racks up a bunch of points and frequent flier miles, so he can go on awesome trips for free.

It was at a travel hacking conference where one of the speakers presented about his Amazon business, and how he was racking up tones of credit card points by buying inventory for his business that a light bulb went off for Amit.

Flipping Items for Profit on Amazon

Amit realized that if he could figure out a way to flip items on Amazon and breakeven he could step up his travel game. However, he soon found out there was real profit out there, not just from credit card cashback offers and free flights.

He shares some interesting examples of how he’s stacked cashback and other discounts on the items he’s flipping to effectively increase the ROI on his products while being able to sell them at a competitive price.

You’ll hear where you should be spending your time if you’re starting out in the FBA space, loads of cool apps, websites, and tools that have helped automate most of his business, and the criteria he uses when sourcing goods.

Tune in to hear Amit’s favorite tools for sourcing profitable inventory, his buying criteria, and how you can stack different discounts and rewards offers to improve your margins and get a leg up on the competition.

306: How to Start a Business You Care About — With No Business Ideas and No Money

From no business ideas and no money, to making your first sales in 2 weeks.

It’s not a far-fetched goal according to this week’s guest.

Alan Donegan from PopUpBusinessSchool.co.uk specializes in guiding people through this transformation, and he says that everyone has a profitable business idea in their heads – and he knows how to find it.

He does this through in-person workshops that are free to attend by forming partnerships with government bodies in cities across the UK, and he’s bringing his workshops to the US soon.

Alan is adamant about bootstrapping and not taking on a load of debt to start a business because he saw his family go through a multi-million dollar bankruptcy and doesn’t want anyone else to have to experience the same fate.

He preaches starting a business around a passion or something that excites you. Because running a business you’re passionate about sets you apart from the competition and makes the process so much easier.

He shares how he teaches his students to pre-sell and validate their ideas before putting down cash for stock that might end up collecting dust in the garage, and he outlines what makes a successful pitch.

Alan also shares how he practiced what he preaches when he sold his first PopUpBusiness workshop to a housing authority in the UK selling his highest priced package right out of the gate, and his business has been gaining momentum ever since.

Tune in to hear how Alan pulls business ideas out of people who don’t think they have any, how he has his students quickly and cheaply validate those ideas, and what makes for a successful pitch.

Full Show Notes and PDF Highlight Reel: How to Start a Business You Care About — With No Business Ideas and No Money