Buying stuff at Walmart and selling it on Amazon nets this guy millions of dollars

There may be untapped millions to be made in the clearance racks of your local Walmart.

That’s according to a 28-year-old former accountant who told CNBC that he makes six figures raiding the big-box store’s discount aisles and flipping the items on Amazon.

Ryan Grant told the site he simply browses the store, smartphone in hand, comparing the price tags to those listed in the Amazon Seller app to gauge potential profits. He then uses Amazon’s fulfillment service to ship items in bulk at cheaper rates afforded by the online shopping giant.

Grant, who lives in Minneapolis, first perfected this system selling textbooks in college. But it wasn’t until he quit his accounting job four years ago that he really ramped up the operation, eventually renting out a 725-square-foot warehouse to store the boxes upon boxes of products. Read more…

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Source: Mashable | Buying stuff at Walmart and selling it on Amazon nets this guy millions of dollars