Corey Yanem

Corey Yanem runs a wholesale business on Amazon that focuses on purchasing inventory from suppliers and selling it on the platform. His model allows him to tap into existing demand for products while minimizing risks associated with sourcing inventory.

Why It Works

The success of Corey’s business can be attributed to a unique approach to sourcing, focusing on wholesale relationships, and leveraging existing demand on Amazon. His emphasis on replenishable products and supplier relationships ensures consistent inventory flow.

Revenue & Traction

Corey generated $3.2 million in revenue last year, showcasing the potential profitability of the wholesale model on Amazon.

Founding Story

Corey started in late 2018, initially dabbling in retail and online arbitrage. He discovered the wholesale model through a YouTube video, which highlighted the compounding potential of buying and selling inventory. His background in IT sales helped him excel in negotiating and building supplier relationships.

Business Playbook

1. Join online communities where your target customers hang out. 2. Share valuable insights related to the problem Corey Yanem solves. 3. Create a small group or community of interested people to discuss the problem. 4. Develop your solution collaboratively with input from community members. 5. Launch to your community first, then expand to wider audiences.

Additional Information

Corey emphasizes the importance of maintaining communication with suppliers, being proactive in inventory sourcing, and leveraging software tools for pricing and sales analysis. He also suggests starting small and scaling gradually, focusing on what works best in terms of inventory management and supplier relationships.