Matt Colvin was an early adopter of online sales and entrepreneurship. He was one of my first Freelance Domination students and he has taken the message of empowerment to heart. He uses online apps to analyze the profit margins of retail clearance items, buys the items in bulk to receive the lowest price possible and uses Amazon Fulfillment Services to sell the products online at a significant profit. He says the most important aspect of getting your business started is to find a group of like-minded people to learn the secrets of success from.

Key Takeaways:

[1:32] How Matt created a successful online sales business.

[8:57] The tools of the trade are apps that analyze profit and sales rank.

[12:30] Retail Arbitrage takes advantage of a retailer’s clearance sales.

[22:13] Online retail versus brick-and-mortar stores, who is winning?

[28:15] The basics of using Amazon Fulfillment Services.

[41:43] The importance of finding like-minded people.

Mentioned in This Episode:

Rich20Something

[email protected]

Rich20Something on YouTube

Under 30 CEO

Rich20Something: Ditch Your Average Job, Start an Epic Business, and Score the Life You Want, by Daniel DiPiazza

Matt Colvin

FBA Master Blog

Profit Bandit

Keepa

Inventory Lab