Here's How To Get Rich Selling Stuff On Amazon
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- Опубліковано 21 гру 2018
- In 2011, Larry Lubarsky was $100,000 in debt and living with his mom in Brooklyn. Now, he's making millions of dollars a year reselling anything from shampoo to Nerf toys on Amazon.
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Nerf guns saved Larry Lubarsky's life.
Well, not just Nerf guns. But also lozenges, shampoo and cookies and the thousands of items he sells on Amazon as a third-party seller.
Seven years ago, Larry Lubarsky was a 31-year-old high school dropout who had no money saved and was $100,000 in debt. Today, he's 38 and running a company that has 10 employees and brought in $18 million last year selling thousands of different products on Amazon.
"I was living with my mom, I was severely in debt, I couldn't afford my phone, my car. I couldn't afford to, you know, take a girl out on a date, anything like that," Lubarsky tells CNBC Make It. "So, it saved my life financially."
Lubarsky buys products - like electronics, beauty supplies or toys - in bulk and then re-sells them on Amazon for a profit. For example, if Lubarsky sees Nerf gun selling for $20 a piece on Amazon, he will buy hundreds or thousands of the toy for $10 per unit wholesale, then sell them on Amazon and for a profit $5 per toy (after Amazon's fee's are taken out), he says. Of course, that's assuming it's a desirable product that people will buy.
"Basically, we're looking for that one percent of products from the thousands that you look at that actually sell well and have a nice profit," Lubarsky tells CNBC Make It.
At any given time, Lubarsky's business will have nearly 3,000 total products listed on the Amazon Marketplace and he sells, on average, anywhere from 1,500 to 2,000 orders per day between the US and Europe.
Last year, the business brought in $18 million in revenue, including a net profit of $4 million, and Lubarsky says he's looking to reach $20 million in revenue in 2018.
In 2011, Lubarsky "hit rock bottom," he says. "I was dead broke, I kind of felt that my life really wasn't going anywhere, and I was in a really bad place."
Born and raised in Brooklyn, Lubarsky dropped out of high school to become a stockbroker at 17 and had spent over a decade selling stocks, but the financial crisis of 2008 and its aftermath took a toll and left him over $100,000 in debt.
Without a dollar to his name, Lubarsky moved in with his mother and started looking for any work he could find at pizzerias and other local businesses, any 9-to-5 job where he could earn "500 bucks a week to just pay my regular bills and start paying off some of the debt," he says.
In 2012, a friend who owned an optical store in Brooklyn hired Lubarsky to answer the phone for about $500 per week. As it turned out, that same friend had a side-business buying sunglasses and eyeglasses wholesale and then selling them on Amazon as one of the site's roughly 300,000 third-party sellers in the US.
"I had no idea that selling on Amazon was even a thing," Lubarsky says of his first brush with the business. "I didn't even know that even existed."
But "When I picked up a product and saw that, 'Hey, I can buy this for $10 and I can sell it on Amazon for $20 and make 10 bucks in the process, and it's selling five [or] six times a day,' - that's when the light bulb went off for me. And, that's when I realized, you know, that I can scale this business out."
Lubarsky helped his friend expand his business to Amazon UK and run it in exchange for a "small cut" of the profits. Within a year, Lubarsky's piece of the business was bringing in "a couple of million dollars annually," he says.
The windfall from his cut of that Amazon business got Lubarsky back on his feet. He rented his own apartment in Brooklyn and in 2014, used his newly acquired expertise to launch his own Amazon business.
"I knew everything that needed to be done in order to get the business off the ground," Lubarsky tells CNBC Make It.
The only thing he needed was seed money. So, Lubarsky pitched his idea to a few friends before one (who Lubarsky declines to name for privacy reasons) believed in the idea enough to invest $60,000. Lubarsky spent $10,000 on shipping supplies and the rent for a small, one-bedroom house in Brooklyn where Lubarsky started working out of the garage.
Read more of Larry's story here: cnb.cx/2EAJXo9
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How this high school dropout went from $100K in debt to bringing in $18M selling stuff on Amazon | CNBC Make It.
This clip is the success story of his girlfriend...
chan ak Who is in need of Christmas money?no jokes 100% legit
The day I met him,he earned me $7500 in my PayPal Account,he is out there making millions of dollars every year,I thought it was scam but it turned out to be real.
He tops Up bank accounts,bitcoin,all types of crypto currency wallets,even WU...believe me he is a genius,contact him at Hackerxino@gmail.com and on WhatsApp +2348158685575
chan ak 🤣
True Story XD
When she kicked him out, I was like stupid ho probably regrets it now.. * Watches until the end * WTF!?!?!?
Lol. The gf is the best motivator.
So the girlfriend kicks him out of the house when he is 100k in debt but when he creates a million dollar business she marries him. HUH WHAT A COINCIDENCE!!! WHO WOULD HAVE THOUGHT!!!
Ctfu!
xSayllusx who cares his worth 18m I bet his got models for Monday Tuesday wed thur frid sat sun 🌞
Oh she's a gold-digger
Bruh she aint all that they were probably still hooking up while at hims moms
maybe if she ddnt kick him out he wouldnt be a millionaire- motivation comes in many ways
Lol, why would you get back together with your gf who dumped you when you had no money? Be sensible... 😑
jasondrm15 that’s not why we broker up not the reason we got back together.
Watch Me Amazon Dude it’s OK to date gold diggers. Don’t be ashamed 😂😂
@@WatchMeAmazon So she's your broker now? plot twist....
@@WatchMeAmazon this should not matter for u bro. Everyone says anything. Just ignore them
Abdul saboor Qadeer it doesn’t. I’m just replying to generate engagement and get this video more exposure lol
If my gf kicked me out for being broke then I’ll probably won’t want to have anything to do with her when I have money.
You are wrong, what if she did for you more than the kicking out....dont forget 1000 good things that a person did for you over one bad thing.
@@spreadpositivityandlove.9849 you are probably a gold digger girl 😂
@@tiffany3652 She gives him motivation. It could be the same case with this guy.
Fack that betch. She should have learned a lesson, but he's blue pilled as fack..😭🤯😫🤦🏾♂️
Never gets old hearing someone build a successful business.
Didn't like the part of getting back with his girlfriend xD
I swear these days every "MILLIONAIRE" is a high school drop out.
Sparrows world what does that say about the education system
It's called survivorship bias, just look at the percentage of drop outs who didn't make it...
ⵉⵜⵔⵓⵏⴰⵓⵜ very true
spend time doing what's necessary to actually make money!
They actually all are
😂😂comment section is just the best!
His story reminds me of a song by Jamie Foxx & Kanye.
😂😂😂
Well done
Wow. Flawlessly stated
You deserve this: 🏆
🤣🤣🤣🤣
idk man it reminds me of an old saying going something like 'now i ain't saying she a gold digger'
She Kicked you out when you were poor and got you back when you got rich😂 good luck with that kind of wife
If you buy $10 and sell on Amazon for $20, you don't make $10. You have to pay Amazon up to 20% commission fee depending on what the item is. You have to advertise it, and you have to pay for shipping to your customer.
I love watching normal people realize what drug dealers realized when they were 15 😂. Like I can buy this for 100 and sell it for 150? Yup
Girlfriend kicked me out when I was at a loss and then got back together when I made millions lol...daaam bro wake up
Bro she kicked you out when you were broke 😂😂😂
I pick up form this young guy(30’s) from a little garage warehouse unit. Strictly Amazon seller, has a website there. Literally tells me he goes to Costco and Sams daily and buys pallets of stuff and resales them on Amazon. He’s got like 5 employees. Drives a new Escalade, wife a Porsche. He does very well.
My father started this like 3 years ago, and now I see the potential
Only 0.3% of Amazon Sellers have a revenue of greater than $1million per year. This is considered the amount to be sustainable as an Amazon only seller.
Like he says in the article "but much like any business, it's a real business"
Yes and many FBA sellers routinely get banned
When we started dating I was beyond dead broke. And it was like that through most of our relationship.
Lack of funds was not why we broke up, nor the reason we got back together
Watch Me Amazon can you help me to start my business ?
lol... But the way you said it in the video made it sound like that .
daishi15 he just did help you. With the information he said in the video you can easily start up your business.
Abhāy ! That’s how it’s edited
i bet she left you again after seeing this video LOL
comment section became about trolling his gf. dude what a legendary place the internet is hahahahaha
Subverting my expectations more than Game of Thrones and Shyamalan!
Seems like a clip about an Amazon entrepreneur. PLOT TWIST: actually a story about a successful gold digger.
Awesome story Larry! If that's not motivating I don't know what else is $4 million profit in 4 years that's incredible!
Cardboard companies be like "New gold rush? I will sell you boxes! " $$$-->Billions
Nothing about this clip was a “here’s how”
Buy products from the providers at low prices and sell them on Amazon, it was pretty clear
Golddiggerrrrrrrrrrrrrrrr
Even if she is who cares hes rich and could replace her easily whenever he felt like it lol.
What?...maybe she cared for him while he was broke for years before kicking out...
Inspirational! Well done, Larry!
Ken Yap thanks ken
Good job! Good luck with everything!
That's a great success story sir! I too dropped out of HS and done pretty well.
Great story bro. It’s definitely easier to sell big brands than trying to build one
How was he able to work as a stockbroker without a hs diploma?
K 2 You never know maybe because he is White , he might get that opportunity. Just saying 🤷♂️
@@princeataya4167 haha well, I'm not white. So, I don't understand.
K 2 lol same bro
@@princeataya4167 It's called CONNECTIONS you racist fool..lol
A lot of places do not require a diploma of any kind to get them to sponsor you to get a FINRA license. As FINRA it’s self does not have any formal education requirements.
The girl is clearly a gold digger
She looks like one too! LOL
Ofc
Great marketing strategy by Amazon 👌👍
Great story mate 👍👍👍
The only difficulty is finding a good wholesale company.
daveheel if it was easy, everyone would be doing it and making millions
@@WatchMeAmazon whats stopping amazon or that wholeseller to make thier own store ? and cut you out>?
hollywood 899 nothing.
@@WatchMeAmazon i'm sure there is something. any business knows about amazon.
I really admire this guy. whatever he is now is because of his hard work. I wish him the very best for the future.
Amazing story 👍🏻😃
So you want to be an online store and play with the big boys ? 🤔 I give you props for doing that. All this big boy stores have to much power.
forrest gump in real life... 😁
I thought I was saving more money by shopping on Amazon! I could buy it for cheaper from somewhere else !
Yes but they won’t sell you a single item, it’s wholesale. You need to buy like hundreds of the same items
He has a youtube course that teach you how sell but it cost like 300 or more. I think it kind of scam in a ways.
Dung Ho obviously. He makes money from courses
Just writing to express my appreciation and gratitude for *MyOnlineSelling. Com* rendering of good service and I also enjoyed learning techniques and methods to run an eCommerce business online.
Alot of these courses have generic information that the average person would already know, or can find out if they do some research. Plus, why would anyone give away all the juicy secrets of their business success, if they want to stay in business. I'm not convinced by alot of these paid courses.
Big brand Wholesalers HATE, absolute HATE, amazon sellers. Idk how he does it. The moment they know you’re an amazon seller, you might as well be a criminal
Maybe you to invest in an Electric Pallet jack.
My thoughts exactly. Not only that if you have a shipping/storage department located in what seems to be a basement. You just don't have it in a basement. Come on. Real bad in choice of location regardless of how cheap rent might be. If it takes 5 minutes to get product up every time you can figure it takes the similar amount going down. That's an average of 833 hours wasted which is 34 total days. That's just a ball park estimation depends on how many workers and that would be with 20 workers. If he has less which I'm assuming he does you'd look at 2 months of wasted time due to that location 🤣. That's millions hemorrhaging just because of a bad location. Don't get me started on possible accidents that occur due to that.
Ebay is another good platform to start
18 million in one year is amazing
He better have a good prenup. At least hell have some left after paying child support, if his wife kicks him out again.
Does every person this channel interviews also happens to be a UA-camr?
Passion always above money seeking
Dude lost his job so she kicked him out. Dude becomes a millionaire she takes him back. 🙂🙂🙂🙂
Great story
Started on 2014. did the same thing, But it never picked up for me ..
Well then why don't the wholesalers sell directly to amazon. You're service is not unique. They can cut you out anytime. Please reply.
Anwit Mondal many big distributors don’t want to set up a whole amazon e-commerce business. It’s a totally different model.
Of course some do/might
@@WatchMeAmazon thanks for replying
@julio1c1saga , Yep, sounds like Amazon.
where he get the wholesale?
Really Great
Good
Could you do this but with Dropshipping?
The Big Lubarsky
He Probably Realized , After He Made a Good Amount of money , That his Ex Was the last person He knew That was into him Before the money So Any Girl afterwards He'd Have That Insecurity Of her Being With Him , Other than his Ex Or Priors, is with him BECAUSE of his money lol IdontEven Know Him Like The Rest of You So Imma STFU Now 😂
Great story!
Nils Smith thank you 🙏
I got a amazon ad on this video
I wonder if he sells through Amazon’s FBA or advertises the products
CHACE FBA
A stripper told me one time "easier to forgive 6 figures than 4 figures" 😂
If all the dropouts on the East Coast, produced and sold a pipeline for water to the West Coast, then all who invested would be millionaires..
This is a video on "How to get your ex girlfriend back and make her love you".
This is very inspirational and informative. The only thing I would not of done is got back with the old girlfriend but that is my opinion. Thank you for your story and congratulations.
So inspiring
That was unfortunate ending
How did you get into wholesaling? Isn't that difficult?
Girlfriend came back... Of course she did
I can imagine during the pandemic!
So am I right when I say that one would need extreme inventory skills?
Jake Knelsen extreme? No
Biggest mistake to get back together with a gold digger he will regret that she’s going to clean him out 😂
Technically network marketing ecom
I wouldn’t get back with that girl after she left me and now I got money
If she didn’t kick him out.. he would’ve never pushed himself to earn this money
Revenue - operating & admin expenses = profit/loss. So what was your actual profit/loss, aka cashflow? lol
What’s your connection with TMT?
Cherrelle Weaver fan
Yea the ex would’ve never seen another dollar lol
Bruh, so busy stacking paper he lost sight of things
First step is to drop out of school lol
Hello
I wouldn't have taken her back.. sheesh. What happen to I love you through thick and thin .. don't go broke. She will be gone....
Sorry. I wouldn’t have married her. She throws you out when you’re at rock bottom and then takes you back when you have money?
This is a vlog about his GF's success story entitled "how to get you ex back when he becomes rich"
Congratulations! I want to have such a business. I've already been working on it. Trying to find good products to arbitrage.
I just want to thank *MyOnlineSelling. Com* for being a good wholesale and dropship directory. I've found the directory very useful and have been able to find a number of good dropshippers and wholesalers. And more importantly to me have been the frequent tips given out to subscribers which have been very very valuable to me. and I want to thank them for doing that job.
How's it going so far?
Nobody:
Larry:
S T O N K S
eBay has left the chat
I don’t understand how he got back with his wife who kicked him out.
Did you take out a loan for the initial investment of 50K? Would you recommend getting a loan to start and Amazon wholesale Arbitrage business?
Steve Wilson no, the 50k is not necessary. I would’ve started w 5k had I not had investment
@@WatchMeAmazon thanks for the response!
@@WatchMeAmazon I like your analogy of Amazon FBA becoming compounded interest on steroids. I'm already seeing the beginnings of this
It didn't work out well for him but he did it for 10 years? Right. You mean you got greedy and didn't manage your money well. Let the people know the real so they can learn it's not about making money, it's about what you do with it.
Drop out of amazon and became successful in High School
That gold digging B is the real MVP!!
So clever in business then yet so dumb in love relationship. Stay rich my friend if you want to keep her.
3:20
I wonder if moving out wasn't more for legal reasons.
3:20 You not only got back with the ex-girlfriend who kicked you out when you were down with no job, you went ahead and married her and gave her a child. Mind boggingly stupid. Good luck when she really puts the screws to you in divorce and family court. Smh. These men never learn.
Only negative part of this story is him getting back with that hypergamerous betch!! Should have gotten a new one..🤦🏾♂️🤷🏾♂️🤯😫
Wow. So what I got from this is: get dumped when you need help the most, become a millionaire then marry the one who kicked you while you were done. Got it.
Nice
His gf is good at brokerage then him did leave and investment at right time 😂😂😂😂
You got back together with the same chick that booted you out when you were broke? 🤦🏻♂️
People who made big money selling on Amazon was before 2016, nowdays only Amazon make money !!
DayTrader4life incorrect
DayTrader4life He's 2017. Maybe this is why you're not a very good day trader, can't really read anything