I’ve always dreamt of opening my own store when I was young.
Back in the day, it was very difficult for the average Joe to enter the retail space and compete with giants such as Walmart, Kmart and Target who dominated the space.
There was no Amazon, no Shopify and no eBay.
I always felt that if I had my own store, there was no way that I couldn’t become a millionaire.
All I needed to do was stock my store and let customers come in and buy stuff.
The most important factor would be what products I offered, having the best customer service and offering the best value.
E-commerce is the biggest opportunity available for most of us.
The retail apocalypse still hasn’t come to an end, and businesses who have yet to embrace the future of shopping are bound to die out eventually.
In-person businesses are starving for sales and traffic, while online stores such as Amazon are booming.
Why is this happening?
We are in a period of innovation and change.
The old will die and the new will rise.
Those who embrace change will win in the end.
I’ve tried and failed at e-commerce many times.
Each failure taught me valuable skills that I now use to win.
Giving up is for pathetic losers who lack a vision and the determination to succeed.
Instead of giving up, I continued to learn and push through.
I knew e-commerce was the future of shopping, just as I know cryptocurrency is the future of money.
The key is to be early to the trend and to seize opportunities before it is too late.
What is happening in the world today?
Ever since the dawn of the iPhone, the world has been technologically innovating at incredible speeds.
Especially since the pandemic, online shopping has become a way of life for most Americans.
People would rather order from Amazon then leave their house and go to the store.
Furthermore, more people work from home today and have come to depend on the convenience of Amazon.
What is going on beneath the surface that most people cannot see?
Retail stores are dying out.
It’s not just a slump in sales.
It’s a mass exodus from the old way of shopping to the new way.
Retail stores are unable to sell most of their inventory and are forced to liquidate inventory that is perfectly fine.
Most people believe that the clearance aisle is full of damaged and defective goods that the retailer could not sell.
While that is true for some clearance items, the reality is that nowadays many products are going straight to clearance for no reason.
They are in brand new condition and are merely on clearance because there is no demand for them in the store.
The way you can get rich from this is through a business model called arbitrage.
The method I utilize the most is called retail arbitrage.
There is also online arbitrage and wholesale arbitrage.
In arbitrage, you are rewarded for increasing the efficiency of a marketplace.
When inventory cannot be sold by a retailer and is marked down, but could be sold for retail on Amazon, that is an opportunity for arbitrage.
The arbitrager is rewarded with profit for fixing the deficiency in the market.
Let me make it even simpler.
You are moving items that cannot be sold in a store due to lack of local demand to online marketplaces where there is a shortage of supply.
Because everyone is buying online and the number of buyers far outnumbers the number of sellers, this is possible and repeatable.
In fact, it is highly scalable.
For the next 5-10 years we will likely see the complete collapse of the entire retail sector.
Stores will move to online and smart hustlers who can see the writing on the wall will make millions.
If you want to be one of the few who make it, read my blog and begin taking action immediately.
Get rich and create generational wealth.