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A recent interview on YouTube with Luu Nguyen…
Luu is based in Houston, Texas and started an Amazon FBA business three years ago while still in medical school.
Nowβ¦
with my store, Iβm currently doing 150k a month.
Luu is a partner in five other Amazon stores, and says the minimum net profit margin they aim for is 8%.
So his main store should be earning him at least $12K profit per month.
Luu started with only $800, raised by donating plasma.
He focused on retail arbitrage to start: buying goods in physical stores then reselling them online for a profit.
Later he started doing online arbitrage (buying and reselling online) and wholesale (buying in bulk from wholesale suppliers).
Sounds like Proven Amazon Course (aff link, reviewed here) was a key resource for Luu.