He crossed $10M in Amazon sales in 2025. Almost entirely online arbitrage. Just sourcing, scaling, and staying in stock.Stephen Reinhard (https://www.instagram.com/stephendoesbusiness/) started flipping Nike cleats at Ross in middle school for $20. By college, he was running a $75K/month retail arbitrage operation and flying home once a month just to shop. Today, he runs a lean OA business doing $3M+ in a single month with 12-15% net margins and a team of 7-8 VAs.In this episode, we break down how he treats online arbitrage like wholesale, why he thinks most Amazon AI tools are a waste of time, the $150K gift card mistake that almost slipped through, and the Q4 story where he raised $1M on friends' credit cards to keep scaling.TIMESTAMPS:00:00 - Intro00:35 - Meet Stephen Reinhard: $10M Amazon Seller02:33 - From $20 Cleats at Ross to $10M on Amazon06:06 - Why He Treats Online Arbitrage Like Wholesale09:20 - The Numbers: $3M+ in a Single Month11:46 - $464K in Sales from $6,700 in Ads (PPC Breakdown)13:42 - "OA Is a Video Game. I Just Get Dollars."15:48 - Buying Out Entire Websites to Block Competition18:26 - Do You Always Stay in Stock on Winners?21:36 - How He Lost $150K in Unreconciled Gift Cards24:44 - Building a VA Team That Runs Without You27:15 - The VA Who Begged to Learn and Became His Right Hand31:23 - How Many People Does It Take to Run $10M?35:46 - Why Most Amazon AI Tools Are a Waste of Time37:56 - Protecting Margins at Scale Behind Hard-Gated Brands40:46 - He Raised $1M on Friends' Credit Cards in Q444:35 - Lightning Round: Real Estate, Mentors, and What's NextGO DEEPER WITH OAC+Want the full Keepa Academy training used by 7 and 8-figure sellers? It's included with OAC+, our private community of 200+ Amazon sellers.OAC+ includes:- Full Keepa Academy course- Sourcing courses and SOPs- Amazon to Amazon flip leads- Live coaching and Q&A- Suspension supportJoin OAC+: https://www.oachallenge.com/plusOA CHALLENGE LIVE - MARCH 2026Join us for our next live cohort where we build your Amazon business together over 14 days.Learn more: https://www.oachallenge.comCONNECT WITH USTwitter: https://www.x.com/cleartheshelfWebsite: https://www.cleartheshelf.comTwitter: https://www.x.com/ChrisRacicWebsite: https://www.oaleads247.com