Secret Academy Episode - Sam OhThere's a time when a lot of us want to make a few extra bucks on the side and usually one of the ideas that pops in your head is to flip items from buying low and selling high. While browsing Craigslist for items to buy and resell, Sam Oh came across the unlocked mobile phone market. His fascination with automation made this business venture a very streamlined and lucrative one while earning five-figures a month in passive income by selling unlock codes. After generating hundreds of thousands of dollars in that niche, Sam sold his business and transitioned into selling various products that would be fulfilled by marketplaces like eBay and Amazon. While running these businesses, Sam also teaches aspiring entrepreneurs how to follow his footsteps on his Money Journal website.
- How Sam came across his first venture with unlocked phone codes
- Creating a website and fulfillment system with no experience
- How to charge more money for the same product
- Why content marketing is a huge factor in online marketing
- Personalization and branding when it comes to content marketing
- The ranking algorithm factors for eBay results
- How to identify a golden niche to tap into
- Buy It Now vs Auctions on eBay
- Knowing how much inventory to stock
- How to acquire leftover unsold inventory from retailers
- Automating the whole customer inquiry to purchase experience
