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London-based Daniel Sarpong started his Amazon business in mid-2020, after COVID put an end to another side hustle he’d been working on.
In a recent interview on YouTube, Daniel shares how he’s built his Amazon business to £13,000 in monthly revenue (about $16,000 USD) 💰…
But don’t get too excited just yet: Daniel is still in the scaling phase, with a profit margin of 13-14%.
So his monthly profit ends up being around £1700 ($2000).
He reckons he can get to £35,000 in revenue and 20% in profit in the next few years in the UK 🇬🇧 before expanding his business to Amazon in the USA 🇺🇸
Daniel uses something called the “replens” strategy for selling on Amazon. He basically focuses on sourcing and reselling items that people order regularly (replenishables) rather than novelty or clearance items.
Typical replens products would be items like disposable razors, grocery items, pet food, shampoo, etc.
Daniel has built up his business despite working full-time as a real estate agent in the UK.
His schedule makes me want to take a nap 😴
I now get up at 4 in the morning, work till probably about 8 when I leave [for my job], and then do the same in the evening from 6 till 9. And that gives me enough time to essentially source the products that I need and do all the admin behind it.
With that kind of work ethic, I wouldn’t bet against him getting to £35k/month and beyond.