It takes courage to quit your job and do something completely else. One man was brave enough to quit his accounting job in Minneapolis and then start a new business on his own. Believe it or not, he is now making millions by buying items from Target and Walmart and then reselling these on Amazon. Twenty-year-old Ryan Grant quit his job more than four years ago and says his new business is providing him with more than six figures in profits each year. Too good to be true? Here is his story.
As a matter of fact, Ryan says that his business is on track to exceed 8 million dollars in sales this year. It wasn’t like that when he first started, though. The entrepreneur who also consults and teaches e-commerce classes was reinvesting in his business heavily even when he started making some serious money, putting around $60,000 from his $150,000 annual earnings back into the company.
In an interview with CNBC Grant said: “Pretty early on I realized I wasn’t on the career path that I wanted to be on.”
“That experience really had me looking for other options and I was starting to explore ways that I could basically leave that job and have my own schedule and be on my own time.”
Ryan started by organizing textbook buyback events and then selling those textbooks back to customers across the country. He got up to 10,000 dollars a year doing just that.
Soon, he began using Amazon’s fulfillment services which meant that he should ship in bulk from an Amazon warehouse at a lower UPS rate.
But as time went by, he realized that this can involve more than just textbooks. He began going to clearance aisles in Walmart and scanning a few items on Amazon’s app, focusing mainly on reselling toys.
In this way, he was able to see how much could he resell the item for and the timespan as well. He began buying all sorts of toys from Barbies, to LEGO sets an much more.
The products started piling in his house and Grant rented out a 725-foot warehouse where he could store all of his merchandise.
His team now has 11 members and the new warehouse is more than five times bigger than their first one.
He explains in an interview: “I went from just me in this business doing around three-to-five thousand dollars in sales per month and now, four years later, we’re a team of 11 and we’re doing well over $200,000 in sales per month.”
It turns out that according to him, “anyone can do it if they’re willing to put in the work.”
Ryan Grant teaches people an important lesson
You shouldn’t stay doing a job that you hate
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