This episode breaks down the lucrative world of selling LEGOs on Amazon, revealing how one entrepreneur scaled his passion into a multi-million dollar business. It offers a practical guide to retail arbitrage for toys, focusing on seasonal buying strategies and identifying high-value products to maximize profit during peak shopping seasons.
Key takeaways
Leverage summer retail markdowns to source popular toys like LEGOs at significant discounts for resale during the Fall/Christmas season.
Identify "hot toys" with high resale potential by understanding market demand and seasonal trends, especially for collectible items like LEGOs.
Consider diversifying beyond Amazon by creating educational content or products related to your niche, as demonstrated by the guest's LEGO course and children's book series.
Join niche-specific mastermind groups to gain advanced strategies and network with experienced sellers in specialized product categories like toy reselling.
Optimize inventory sourcing by focusing on retail arbitrage during specific promotional periods to acquire products with high-profit margins.
On today's episode we have a guest who has sold millions of dollars of Legos on Amazon and WOW he comes loaded with practical tips! He's the creator of the LEGOS course we built a few months ago at ProvenBrickInvesting.com (We say "brick" because Legos doesn't want their name on any websites) FYI: the ProvenAmazonCourse.com library now contains the full ProvenBrickInvestimg course! RIGHT NOW - Summer, is a fantastic time to buy up all of the toys that are being marked down on retail shelves everywhere! These hot toys will almost certainly be worth a lot more as soon as the Fall/Christmas shopping season begins. Greg explains today what the hot toys are, where to find them and some of the exciting projects he's been working on like a new children's book series that helps the youngest entrepreneurs get started on the right foot. We also discuss bitcoin and some very useful business topics along the way. Watch this episode on our YouTube channel here: https://youtu.be/MVlkN-DSp1I Show note LINKS: Greg's toy mastermind : SilentJim.com/toytraining This group is limited to only 100 people at a time. As of the recording of our episode together there were 10 spots open. <a class="yt-core-attributed-string__link yt-core-attributed-string__link--call-to-action-color" tabindex="0" href= "https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa040djR5X3BQWDNTUzc0dDVlN1gtcDF3T2F1QXxBQ3Jtc0tuWkFCNXdIWHczeU1GY1hvbV9DcG5MaGtuMnJBQW8wY0ZpaTlXWjY3NHNNNVBuRlRmVS0yQ3ctdUlPNG9Ya0s0a3M5TlZHcFF0QTFCTE9oRH
Frequently asked about this episode
What does this episode say about amazon & marketplaces?
Leverage summer retail markdowns to source popular toys like LEGOs at significant discounts for resale during the Fall/Christmas season.
What does this episode say about supply chain & operations?
Identify "hot toys" with high resale potential by understanding market demand and seasonal trends, especially for collectible items like LEGOs.
What does this episode say about brand & content?
Consider diversifying beyond Amazon by creating educational content or products related to your niche, as demonstrated by the guest's LEGO course and children's book series.
What does this episode say about founder & leadership?
Join niche-specific mastermind groups to gain advanced strategies and network with experienced sellers in specialized product categories like toy reselling.
What does this episode say about amazon & marketplaces?
Optimize inventory sourcing by focusing on retail arbitrage during specific promotional periods to acquire products with high-profit margins.
