A man revealed how he earned a whopping £180,000 reselling household items in just 12 months.
Luke Williams, 23, started selling old phones on eBay while working on a building site which didn't cover his bills.
He branched out to source household items from wholesalers and sell them on Amazon in June 2021.
READ MORE: Cost of living payment warning as Brits must act now to receive free £301
At first, Luke made £1,000 before it increased to £30,000 a month which led him to quit his job in January 2022.
In just 12 months, he racked in £180,000 of profit, reselling household products like meat grinders and air fresheners.
The re-seller, from Bristol, said: "I started out by buying old phones from Facebook and reselling them on eBay.
"I only wanted to make an extra £1,000 a month as it would help me with the extra payments I had.
"I went to university, studied building and surveying and went to work on a building site. I did that for about a year.
"I started selling on Amazon in June 2021. I made £180,000 in profit with most of that coming from the last six months."
Luke graduated in June 2020 and started working on a building site.
But he quickly realised he wasn't earning enough money to pay for all his bills and started selling on eBay.
'I compared Heinz beans to Tesco, Aldi, Lidl, and Asda options to find the best'
He added: "I just wasn't making enough money.
"I came across Amazon FBA and realised I could buy from wholesalers and sell on the app too.
"What I sell ranges from air fresheners, meat grinders, phones, kids' toys and changing mats.
"Thornton's chocolate are really popular at the minute."
He claimed most of the £160,000 profit came from the past six months and said the cost of living crisis played a role.
"It's not just food prices that have rocketed, so have petrol prices," he continued.
"People don't want to be leaving the house and driving to the supermarket.
"If you buy things on Amazon, you can get them cheaper as you don't have to pay to get to the supermarket either."
'I'm lucky my husband is self-sufficient – I didn't have to train him to do basic tasks'
Luke's earnings means he's been able to pay off his £17,000 Mercedes Benz and fly business class to Abu Dhabi.
Since starting the business, Luke has hired two members of staff – to prepare and source the products.
Want all the biggest Lifestyle news straight to your inbox? Sign up for our free Daily Star Hot Topics newsletter
- Half of Brits say cost-of-living crisis has changed their attitudes towards saving money
- Thousands of Brits have days left to apply for free £125 cash into bank accounts
- Thousands of Brits could receive £300 free cash directly into bank accounts
- Money saving hacks that could save you fortune in 2023 – like Smarties trick
- 'I dominate men by taking their money – they love being controlled by me'
Source: Read Full Article