The Stairway To 7 Figures: Introducing
The Stairway To 7 Figures: Introducing
The Stairway To 7 Figures: Introducing
By Ryan Grant
Do you know the NUMBER ONE reason for
stress and financial failure among people who
try selling on marketplaces like Amazon?
If you want to build a profitable online retail business, it’s vitally important
that you understand this.
It’s the difference between actually enjoying your new business from Day 1
and finding yourself even more stressed than you are now.
(Hard to believe that’s even possible with all the stress 2020 has been
dishing out, but it’s true).
It all has to do with where and how you start, and this report is going to
make sure you don’t make the same mistakes that hundreds of aspiring
entrepreneurs make every day.
If you think you already know all this, you can stop reading now.
But if you want to make sure you don’t make this mistake and waste
THOUSANDS of dollars in bad investments, this short report could be the
difference between achieving your dream business and finding yourself
worse off than when you started.
It will also show you exactly what strategies you can use to start
successfully, even if you don’t have a dime to your name right now.
You should read this report because you can finish it in about 20 minutes
and reading it could dramatically alter your odds of success.
I will be straight to the point and will not be doing things to trick you into
trying something that is not in your best interest.
Rather than going long on my story right now, I’d rather you read the report
and make a judgement based on your own life experiences and reason. If
the information you learn makes sense and seems logical, use it. If it
doesn’t, don’t.
One of my main goals with this report is to show you that you can build a
successful business without having to invest thousands of dollars into
courses and strategies that you aren’t ready for.
The offer I will make to you at the end of this report is a discounted first
month in our most popular Q4 program - o ur Arbitrage Finds BOLO Group.
This will get you over 100 retail arbitrage leads a month from my business.
It is possible to earn thousands in profit from these leads, yet the cost is
just $99 a month.
It costs less than $100 to join and comes with a full 30-day satisfaction
guarantee.
So if you are worried that reading this report will be a waste of time
because it might just be a long pitch for something you don’t want or need,
hopefully knowing all this in advance will put you at ease.
Okay, so what is this thing that is so important
for me to understand?
There are some big benefits to online retail.
The long-term earnings potential is very high. The longer you stick with it
and scale your systems, the more you can earn. I’ve been selling full-time
since 2013 and my business has increased sales every single year. We’re
in the high 7 figures per year now and will pass 8 figures soon.
The automation potential is also very high. Over time, you can develop
systems and hire people to run them for you. I’m now minimally involved in
the day to day operations of the business, and I can continue to run it even
when I’m traveling overseas (which I’ve done twice now).
The big mistake aspiring entrepreneurs make is falling for the idea that they
can take a shortcut to these two benefits.
Gurus will promise to show you their secret strategies that will unlock these
benefits on impossibly short time frames, but they fail to tell you about an
unavoidable reality…
And there is no course in the world that can make up for a deficiency in
money.
If you are starting with anything less than a hundred thousand dollars, there
is no magic formula that is going to help you sell 7 figures in the next few
months.
● Flipping
● Arbitrage
● Outsourcing
● Wholesale
● Private Labeling / Brand Building
The top of the staircase is set by you. Whatever your goal is for wanting a
business – more time with friends and family, less time working, money to
invest in a passion project, all of the above, or something else altogether –
goes at the top of the staircase.
The higher you climb, the higher the earnings and automation potential.
That’s why people fall for the trap of trying to jump straight to the top with
wholesale or private labeling.
People will try to sell you on this idea by sharing stories about people
making hundreds of thousands or even millions within the first few months.
As discussed above, there is a big problem with this. Success with these
higher level strategies require a lot more of two things: experience and
capital.
That’s why the first steps on the Stairway - the steps most people should
start with - are flipping and retail arbitrage.
What are flipping and arbitrage?
Flipping is going out to thrift stores, garage sales, flea markets, and other
sales like this and buying USED things to resell for a profit on eBay,
Craigslist, Facebook Marketplace and other sites like this.
(One of my favorite all-time flips was buying a fur coat and selling it as a
Macklemore costume for Halloween during the peak popularity of the song
“Thrift Shop”.)
Retail arbitrage is going out to brick and mortar retail stores and buying
NEW things that can be sold for a profit on marketplaces like Amazon.
Here are some of the Big Box stores people frequently target for retail
arbitrage:
● Walmart
● Target
● Home Depot
● Lowes
● CVS
● Walgreens
● Costco
But keep in mind that nearly any retail store offers opportunities.
Online arbitrage is doing the same thing, only you are doing it all online.
Frequently this means buying from a brand’s website to sell on a
marketplace, but there are many marketplace to marketplace opportunities
as well.
If you are brand new to selling, flipping and arbitrage are where you will be
starting.
When you first start your business, you'll be responsible for everything - or
maybe you and a partner will be sharing responsibilities.
As you gain experience and streamline the work you're doing, you'll be able
to develop systems that reliably produce results - and once you have
systems you'll be able to hire other people to do that work.
This is important for several reasons. First, it allows you to increase total
output by increasing the amount of labor and hours that are being invested.
But even more important is the fact that outsourcing the most repetitive
tasks will free your time to be spent on the most important activities and
focus on growth.
In this way, the total gains from hiring people tends to have a greater effect
than just a linear increase from the addition of extra hours.
The other great thing about outsourcing is that in the long term, it unlocks
one of the main reasons many people want a business in the first place - a
lot more free time.
What about wholesale?
This surprises many people, because they incorrectly assume that it's "too
late" to do wholesale.
This incorrect assumption stems from the way wholesale gained popularity
on the internet when sites like eBay first launched - people were buying
and selling wholesale supplier lists for cheap and it was very easy to get
accounts set up.
While it has become much harder to get an account if you don't know what
you are doing, it would be a huge mistake to assume that means people
are no longer doing wholesale.
To this day, it remains the main way the majority of brands distribute
products.
They just don't hand accounts out to anyone that wants them anymore.
If you want an account, you have to have something to offer - and that's
what we call your "value prop".
To greatly simplify the process, the idea is that you identify a way that a
brand or product’s presence on an online marketplace is less than optimal,
then you call their attention to it and position working with you as a solution.
For example, you may find a product with bad product photos or a bad
description - you would then reach out to that brand and explain how you
could help them fix those issues if you were a partner and how that would
lead to an increase in sales.
If you can do this, you can get a lot of accounts and make a lot of money.
Here are some free resources if you want to learn more about the
wholesale strategies we’re using to get these results:
If you decide to keep expanding your business, the next step is to start
developing your own brands and products.
This has been a very popular strategy over the last decade, but there are
problems with private label.
The main one is that since you aren't offering anything new or unique, it is
very easy for competitors to replicate your success and drive profits down.
Private label can work - but you'll enjoy more sustained success if you are
able to differentiate yourself from competitors and offer something that
other people aren't able to easily replicate.
How to Take Action and Make
These Strategies Work For YOU
There is no reason why you can’t be successful with these strategies. Your
biggest barrier to success at this point is making the commitment to do the
work.
If you make that commitment and follow through, you can be successful.
Don’t forget - these are not get rich quick schemes. You will need to invest
time and energy into these strategies if you want to see a return.
But if you do that, you can see PROFIT in your first month.
The only things you truly need to get started are some accounts on the
marketplaces and some products to sell.
You don’t even need to invest any money to get started if cash is tight.
Commit to what we call the Flipping Challenge and sell 5 items you already
own to get your first $100+ to invest in more inventory. It’s a fun way to get
started and most people can easily find things to sell.
When you are ready to try arbitrage, you have two options.
The first is to use the information we make available for free to learn the
basics.
This guide will go into detail about the strategies we use to buy and sell 7
figures worth of products via retail arbitrage each year.
Once you understand the basics of retail arbitrage, you can check out the
Arbitrage Finds BOLO Group I told you about at the start of this guide.
This gets you access to over 100 retail arbitrage leads from my business
every month.
As you’ll soon learn if you try retail arbitrage, sourcing is the most time
consuming part of the process. Joining this group will help you save time
and get more from your sourcing excursions by giving you qualified leads to
target.
On top of the leads you’ll get from my business, there is also a more
traditional community BOLO group that you’ll get access to when you join.
There is huge value and profits to be had by joining, especially if you want
to make the most of Q4.
And right now you can use the code Q42020 to save 50% on your first
month!
BONUS: Home Depot Sourcing Report
In this short guide I’m going to share the full details of what an actual retail
arbitrage trip that I did looked like. I’m going to share the exact store, the
exact items, how the items sold, and what the overall profit was. Let’s dive
in!
There were 4 items that I purchased on this sourcing trip that fit the profit
and return on investment guidelines I had set. These are all listed on the
receipt, but I will share them in an easier to read format here.
Item #1: Camo Knife / Free Fastback Knife
UPC: 045242487936
Buy Cost (pre-tax): $7.54
Post Tax: $8.13
Quantity Purchased: 6
Sales Rank when listed for sale: 113,850
Sales Price on Amazon when listed for Sale: $22.30
UPC: 885612157485
Buy Cost (pre-tax): $3.26
Post Tax: $3.51
Quantity Purchased: 4
Sales Rank when listed for sale: 67,501
Sales Price on Amazon when listed for Sale: $9.95
UPC: 820909977247
Buy Cost (pre-tax): $2.52
Post Tax: $2.72
Quantity Purchased: 7
Sales Rank when listed for sale: 248,490
Sales Price on Amazon when listed for Sale: $19.99
Side note: I don’t even know what a candelabra is or what it’s used for. In
reality this hardly matters for selling on Amazon. The main thing I’m
concerned with is what the item sells for on Amazon compared to the price
I can buy the item for.
UPC: 081077006744
Buy Cost (pre-tax): $14.97
Post Tax: $16.13
Quantity Purchased: 3
Sales Rank when listed for sale: 90,216
Sales Price on Amazon when listed for Sale: $26.97
At the time my business was listing these products for sale, the expected
net profit was $131.26. Here’s a screenshot from my InventoryLab account,
which is what I use for help with accounting and listing products for sale on
Amazon, showing the expected profit:
I listed these products for sale on July 7th, 2017. So, it was a couple
months before I was able to get the items listed as the bag of these items
got buried at my warehouse with all of the other product we had. We have
been buying so much product and always prioritize shipping out the highest
value product first, so this batch of items slipped through the cracks for
longer than I planned. So, make sure you ship your product in right away
when you put this process into place!
All the items fit in a single 16”x16”x12” box which can be purchased from
Uhaul.com for $0.73. Then it took a little bit of tape as well.
So between the shipping costs paid to UPS, the box, and the tape, the total
cost was about $7.
So now we’ll get to the part you’ve been waiting for and share what the
profitability looked like on each of these items. We’ll go in the same order
that the 4 items were listed above originally.
-----------
In case you can’t read that, the last of the 4 units sold on July 20.
-----------
-----------
The last unit of this item sold on July 26. I was a bit more aggressive than I
needed to be on this product, and it sold for a slight loss. If I would have
been more patient, it’s possible I could have held out for a profit.
This was a pretty average sourcing trip and the results came out about as
expected as well. When I listed the products for sale on Amazon I was
expecting a profit before shipping costs of about $131.26, and this ended
up being $121.47. So, there was a decrease of about $10, but this is fairly
normal.
When you are doing this type of business model, it’s quite common to have
prices change on a few items over time. As you can see on one of these
items it was actually a slight loss, but the profit on the other 3 more than
made up for it.
I spent around 30 minutes in Home Depot buying these items. Then the
process of getting them listed for sale took about another 30 minutes. In
total I invested about an hour into buying this product and getting it shipped
to Amazon’s warehouses.
So $114.4 net profit in 1 hour of work. I’m very happy with that.
This level of profit per hour won’t happen on every sourcing trip, but it more
than makes up for some trips that don’t go as well.
Should you take the next step???
On the other, it doesn’t look or feel like the “dream” job they had
been telling themselves they would find.
If you are struggling with a similar feeling, I’d like to point you to a
quote from Tim Ferriss:
So if you follow the model I’ve been talking about, here are the
benefits you stand to unlock:
If you have a better plan, go for it. If you don’t, I encourage you to
try this one and see if you aren’t in a better place a month from
now.
Best Regards,
Ryan
www.onlinesellingexperiment.com
[email protected]