A STUDENT has earned £60,000 in one month.

Naglis Stankaitis is in his final year of his BSc(Hons) Business Management course at the University of Brighton.

He was halfway through his studies and was “fed up” with part time casual jobs when he came across a business idea that has since grown “much bigger than I ever thought possible”.

Naglis discovered the concept of selling private label products on Amazon and has since seen his annual turnover climb to more than £500,000.

He said: “In essence, the business is very simple.

“I use software to analyse demand for different products on marketplaces like Amazon.

“I source these products and find factories in China and other countries to manufacture them under my own unique private label brand.

“I sell through a third party so everything from start to finish can be outsourced and automated.

“All of this can be done using just a laptop, anywhere, although I do have help from one full-time employee in China and one part-timer employee here in the UK.”

Naglis sells around the world and has been so successful that he is now counselling others interested in the line of business, and writing a book.

He said: “I was always curious about how different businesses operated and how they create wealth and money, seemingly out of nothing, and greatly benefit their owners and shareholders.

“The question remained on my mind: how can I create something successful?”

He took on a variety of jobs including shop work, leaflet distribution and deliveries, joining apprenticeship schemes, and even commuting to London to work for large companies but he found all were unfulfilling.

Alongside his studies, Naglis continued searching for the right business – and found it when he attended a conference on selling products on Amazon.

At first, he suffered from returns and poor quality products but after improving standards, profits started trickling in.

Naglis launched more products and saw his revenue increase.”