How to Make Money on Amazon: Retail Arbitrage, Private Label [Video]

Selling products on Amazon can be a lucrative side hustle, and there are a couple of different ways to go about it.

One of the most low-cost and low-risk ways to start is retail arbitrage: buying products from retailers like Costco and Walmart, thrift stores, or dollar stores, and reselling them on Amazon for a profit.

That’s how college student Sahaj Dhingra got involved in e-commerce. He started with $3,000 of his own savings and did $125,000 worth of sales on Amazon in seven months. He resold Costco goods, primarily beverages like sparkling water and energy drinks.

“There’s a low barrier to entry,” the 20-year-old told Business Insider of the main reason he started with retail arbitrage. “The only money you need upfront is $300 to $400 for your LLC and your licenses, and after that, how much you need is how much you put into inventory. So you can really get started …