This 30-year-old's company makes millions buying from Walmart and selling on Amazon

NEWS

It seems too easy to be true that you could make millions by raiding the clearance aisle at your local Walmart or Target and then selling your haul on Amazon. But that's exactly what 30-year-old Ryan Grant is doing.

Less than six years after quitting his accounting job in Minneapolis to flip purchases full-time, his business now employs 10 people and is making well into the six figures in profits per year on revenue that he says nearly reached $6 million in 2018.

That money comes from buying everything from toys to household appliances on sale from retailers like Walmart or Target and flipping them online — mostly on Amazon, where Grant says "the bulk" of his company's sales come from, though his business also makes money selling items on eBay and Jet.com, among other sites.

"Pretty early on I realized I wasn't in the career path that I wanted to be on," Grant tells CNBC Make It about his former accounting job. "That experience really had me looking for other options and I was starting to explore ways that I could basically leave that job and have my own schedule and be on my own time."

To do that, Grant turned to the side hustle he had used to make ends meet in college.