In this episode of the My Wife Quit Her Job Podcast, Steve Chou interviews Charles Chakkalo, an expert in retail and online arbitrage, about his strategies for building an eight-figure business. Charles shares his journey from selling on Amazon as a high school student to running multiple warehouses, emphasizing the importance of relationships with distributors, owning logistics, and using repricers effectively. He discusses the challenges of retail arbitrage today, including Amazon's crackdown on UPC codes and the need for a robust paper trail. Charles also touches on the benefits of owning a warehouse versus using a 3PL, and offers advice for newcomers, suggesting they focus on private label unless they already have established distributor relationships. He also promotes his newsletter, Just a Seller Newsletter, where he shares insights and resources for sellers.
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