As a student at Winona State University, Ryan Grant used to scour Walmart, Target and local stores to find books on discount, and then list them on Amazon for a higher price. He used to ship the books to customers around the US and make some money to pay for his college expenses. A few years late, Grant got into a grueling accounting job which he didn’t like. After a few years of hanging in there, Grant struck an idea: what about reviving his old business model of flipping sales on Amazon by buying cheaper items from brick-and-mortar stores. Grant resigned from his job and started working. But this time, his items list was spanning every category.
Grant’s business model is simple: walk in Walmart or Target, pick up items and scan their barcodes through apps to find their prices on Amazon. Calculate the price difference and if Amazon prices are higher, buy all the items from the physical stores and list them on Amazon for reselling.
But why would people buy items from Amazon when they could save money by spending less on the …read more