This “Weird” Amazon Method Made $30 MILLION In Amazon Sales

This “weird” Amazon method made Dylan Frost & Dan Meadors $30 MILLION in Amazon sales.

It's highly likely that you've never heard of this method before. I'm learning about it right now and I'm blown away by its simplicity.

It's called reverse sourcing wholesaling. In comparison to other Amazon sourcing strategies, there are fewer logistics involved and the potential is just as great.

Inside this blog, I interview Dylan Frost about reverse sourcing wholesaling and how this model can help you grow a successful Amazon business.

Keep reading to find out how Dylan used reverse sourcing wholesaling to build an Amazon empire!

Watch the video below:

(Click here to watch on YouTube)

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Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!

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Dylan Frost and Dan Meadors are wholesale experts.

Together, they have made well over $30,000,000 in sales selling on Amazon. What's even more amazing is that they started with an investment of only $600.

Dylan and Dan have also created an amazing step-by-step online training program called The Wholesale Formula that shares their blueprint for Amazon success. To date, their students have sold over $500 MILLION on Amazon. These guys are the real deal.

Watch the video above where Dylan shares his computer screen and shows you product examples that you can sell wholesale on Amazon using the reverse sourcing wholesaling business model.

If you're ready to build a successful Amazon business or scale your current one, Dylan and Dan's teachings will help you do so. Let's dive in!

Do you mind sharing your story and how you discovered reverse sourcing wholesaling?

When I was fresh out of high school, I wasn't able to attend a big university because I couldn't afford it. I attended community college. When I got my diploma, I started a decent-paying job making $40,000 per year. I thought I was rich at the time. After 2-3 years, I started getting resentful about my job.

I wasn't getting paid what I deserved and I felt smarter than some of the people who were making way more money than I was. At the time, Dan, my now business partner, reached out to me and told me how excited he was about an Amazon opportunity that he came across.

After 30 minutes, I was sold on the opportunity.

Dan started his Amazon business with an investment of $600 and I eventually partnered with him. That's how we got started. In the beginning, our Amazon business was arbitrage-based. This means that we would drive around the southeastern part of the U.S. and stop at every Walmart we could find.

We would go to the clearance section of the store while browsing Amazon on our phones. The goal was to find things that we could buy on clearance, and then resell those products on Amazon at a profit. Believe it or not, we made $1 million in sales per year doing this.

The problem with the arbitrage model is that you have to work a lot and spend a lot of time on the road. Ultimately, we found a better way, known as reverse sourcing wholesaling. Instead of traditional wholesaling which uses wholesalers and distributors to find products that may be selling well on Amazon, we look on Amazon to find our products.

We created a simple mathematical formula where we can determine with very good accuracy how much money we can make if we are selling a product on Amazon. With that information, we go straight to the source. This means that we reach out to the brand owner or legal rights owner of the product itself.

We get approval from the owner to be an authorized reseller of their product on Amazon.

Once that happens, we improve their sales, to the point where they want to work with us in an exclusive capacity. This means that we are the only person who is selling their product on Amazon. That is when you see the power of our business model in action. Some of our wholesale contracts are worth $1 million.

What kind of success have you experienced thus far?

Within six months of starting, our Amazon business was one hundred percent wholesale. We had completely replaced the income that we were making from our arbitrage business. By the end of our first year, we had more than tripled our revenue.

In our first year of wholesale, we made $3.5 million in sales. The next year, we made $6 million in sales. In total, we've made well over $30 million in sales on Amazon. It's been a wild ride.

When you find a wholesaler that wants you to sell their product on Amazon, what are the next steps?

The way that eCommerce has traditionally worked is that you have two different kinds of people – those who make a product and those who sell a product. Very rarely are they the same person. That is the relationship that has always existed, and it still does. We work with successful brands and manufacturers of products.

They don't sell their products. Rather, they rely on people like us to retail their products. That's the way their business has always worked. They have a set amount of money that they are willing to work with as an Amazon seller or retail partner. If you know what to say to brands and what value you can offer as a retail partner, you will be one of the few people who have access to them.

Let me give you an example of how we add value to brands.

There are endless examples of well-established brands that have huge customer bases, but they have really bad listings. We convert listings that may get 1,000 sales per month into a high-converting one that gets 3,000 sales per month.

That's basically what we are offering to brands. We are showing brands all of the simple things that they can do better. A lot of brands don't know anything about Amazon. That's why they need people like us.

Is this a good model for people who want to make some passive income on the side?

You can get into this version of wholesale with as little as $2,000. You can buy as much inventory as you want. You're not forced to buy a certain amount. Private labeling has a higher ceiling for success. However, it's also riskier.

Conversely, wholesale has a lower ceiling in terms of your margins. However, your floor is higher in that it's less risky. With wholesale, you're only selling established products. A product may already be selling hundreds of times per month.

Thus, you know you'll be able to sell it.

The worst-case scenario is that other people on the listing may under-cut your price to the point where you have to sell, break even or take a 10% loss. For example, if you invest $2,000 but you only end up bringing back $1,800, you don't lose your shirt over it, so to speak. That's what makes wholesale pretty easy to get into.

Do you have to live in a specific place in the world for this business model to run efficiently?

It doesn't matter where you are in the world. As long as your country allows you to create an Amazon seller central account, the reverse sourcing wholesale business model works. The reason why you can do this from everywhere is that you never have to see or touch a product.

When I open up a wholesale account, 80% of the time the company is able to ship the product directly to Amazon. In the rare instance where they can't do that, you can get it sent to a prep center, and then they will send it to Amazon for you.

You've created an amazing course called The Wholesale Formula. You're doing a FREE 3-day live event soon. Do you mind sharing what people can expect if they register for it?

Once a year we do a free 3-day live workshop. You get the opportunity to work with us, live, as we teach and train our model and method for selling on Amazon. We are very transparent throughout our workshop. You will learn, from start to finish, how our business operates, how you can copy our method, and start doing implementing it in your Amazon wholesale business. And we'd love for you to join us!

This “weird” Amazon method made $30 MILLION In Amazon sales.

Selling on Amazon is one of the biggest money-making opportunities that exist online. Amazon brought in $75.5 billion in sales revenue in the first quarter of 2020, and their sales continue to grow today. There is no doubt that selling on Amazon is a smart business move.

Dylan and Dan grew up poor. They didn't have much, nor did they attend university. However, they are taking advantage of opportunities when they were presented to them.

With the right support, you too can become a successful Amazon wholesale seller. Take advantage of this opportunity. Trust me, from the research that I've done thus far and what I've learned from Dylan, it's too good not to!

Are you ready to discover how to build a 7-figure Amazon wholesale business? CLICK HERE to join Dylan and Dan's upcoming FREE Live Wholesale Formula workshop!