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You're confusing the salary he pays himself with the success of the business.
by eli 9y ago
You're confusing the salary he pays himself with the success of the business.
- tyingq 9y agoThere's this: "Grant says the business is on track to top $8 million in total sales by the end of this year" But, the actual net margin is unclear. At least $150k, since he paid himself that. But it's not clear that it's millions.
- ssanders82 9y agothe article says "his business is making seven-figure profits"
- tyingq 9y agoHmm. Seems unlikely given the manual nature of shopping at WalMart, shipping costs, returns, etc, on an $8M revenue base. Edit: He contradicts himself..."four years later, we're a team of 11 and we're doing well over $200,000 in sales per month" $200k/month isn't even close to $8M/year. And you aren't netting 7 figures with $200k/month and 11 employees. Now I'm thinking this is just a puff piece for his get-rich-quick lecture series. Too bad, as it's probably still a decent story with the actual figures. Just not a rags to riches one. I'm also having trouble visualizing 11 people buying $8M (retail) worth of stuff from WalMart in shopping carts. That's $2k per day, per employee, every day.
- bayesian_horse 9y agoThis "company" may be doing something else, additionally to these flipping schemes. Seminars are mentioned. Consulting may be something else. Or some other form of ecommerce.
- tyingq 9y ago"Seminars are mentioned" Ahh, yes, of course.
- Mz 9y agoSo, if you knew how to make money doing x and genuinely wanted to share that info, how would you do so effectively without being perceived as a scam artist?
- tyingq 9y agoHere's his landing page: https://ose.teachable.com/p/how-to-make-your-first-1-000-selling-on-amazon https://ose.teachable.com/p/how-to-make-your-first-1-000-sel... Your call on whether it's a genuine desire to share his success.
- Mz 9y agoThat in no way answers my question.
- sliverstorm 9y agoDo it for free, perhaps
- Mz 9y agoI am trying to do exactly that. One establishment would not post the flyer "because it might be a pyramid scheme." So simply being free seems insufficient. But, thank you.
- sliverstorm 9y agoWell and of course free sometimes begs "so what's the catch" In which case very cheap sometimes works. Like, "I'm not looking to make money but help me cover gas and venue rental"
- 9y ago
- jaaames 9y agoThis is exactly spot on. The article is just content marketing for him to sell his "get rich with an FBA business" course.
- astura 9y agoNot only that but, I don't know about Walmart specifically, but retailers tend to ban high volume resellers.
- mcphage 9y ago> $200k/month isn't even close to $8M/year. It doesn't say $8M/year, it says $8M total sales by the end of this year. So from the founding of his company, to the end of this year.
- deleted 9y ago[deleted]
- coldtea 9y ago>$200k/month isn't even close to $8M/year. He said $8M total (over 4 years), not $8M a year. If one is going to discredit the article, at least they could read it carefully.