In 1975, a guy created the "Pet Rock." Sold for $3.95 and it was a cardboard box, some nesting material, and a rock. In 6 months, the guy made about 15 million dollars. AND, the original "antique" rocks are currently being sold online to us old farts looking for our childhood for about $20.
@@Umbrella913You are wrong, you don't divide it but multiply the 2.5 dollars to 75,000 = 187,500, subtract the money spent (187,500) to the income which is 1,500,000, which then equals to 1,312,500
I believe him. I was sales manager for a wholesale business in the fidget spinner era and we serviced gas stations and convenience stores and we were smaller with around 150 accounts. We bought them for $1 and sold for $5 and got rid of at least 30,000 of them in 1 week than it died down pretty quickly. I made over $10k in commission that week lol
@@mattyy101fidget spinner era was real and his fan base was a ton of kids who didn’t understand upselling at the time. I didn’t buy from him but definitely spent a lot on fidget spinners. I also sold a few for $5-20 so don’t underestimate the power of a fan base of kids. They were social cred back in those days 😂
@@aaronaaron3003 75,000 units purchased upfront @ $2.50 = $187,500. 75,000 units sold @ $20 each. = $1,500,000. Subtract the $187,500 upfront cost from the total return of sold product $1,500,000, and you will be left with a profit of $1,312,500.
@@aaronaaron3003Can you even do basic math? 75k*20=1.5M, that’s the revenue. The cost is 75k*2.5=187500. The profit becomes 1312500 (around 1.3M). If you ever took the most basic econ class you would know what he said 💀
@@manuelruiz8163is was 1.3m u gotta minus what he payed for the fidget spinners it would’ve been 1.5 if he got all the 75,000 fidget spinners for free ur bad at math don’t ever invest in anything until u learn math
This is 100% what is wrong with our economy and society. He literally did nothing meanwhile the 3rd world citizens making all this shit getting paid $18 a day. And y'all see nothing wrong with this. Cancer and COVID need to do their jobs!
Exactly. If he actually did it, he’d either have a good idea of how much money he made or he’d actually be smart enough to do a little quick math in his head.
@@freshauthor24681some places in the world use commas, some use periods. It generally causes minimal issues because every knows exactly what is being said irregardless of which is used in most cases.
@@RecutCentralhis point is he made a 2 dollar toy put it up for 20 knowing full well his audience is full of underage kids thats gonna buy his shit up instantly cause their in love with the dude. Its a scummy thing to do, he could of made em 5 to 10 bucks but nope fucking 20 bucks dudes making 10x the profit on fucking little kids. That's why this is a scumbag move and so on.
@@zaksampson8445nation wide shipping would still cost him around 10 bucks a pop… so it doesn’t add up to much, bit still a around 525k profit for 2 months of work is like 5 years of salary… such opportunities are rare
Marketplace? Tf are you on. You think anyone actually sells 75k fidget spinners on Facebook marketplace? It also isnt anywhere near 30 percent. Its 8 percent on ebay. Like 10 percent on amazon. And none on mecari.
it's a therapeutic material to some people and reality is we get rip on almost everything we buy, theres always pros and cons on everything. nothing is perfect.
Bro, made $1,312,500… that’s extremely good. Just based on what he stated his profit: overhead ratio is 93%: 7% talk about smart decisions! Bravo, Tanner!!!
That math is so simple to do in your head. This new generation just uses calculator. Cost him $2.50 to make each one. He sold a total of 75,000. So take 75 + 75 = 150. As for the .50 cents take 75 in half to 37.5. 150 + 37.5 is 187.50 add the 0 back making it $187,500 cost. He sold them for $20 each at 75k sold.. Take 2 x 75 = 150. Add the zeros making $1,500,000.
Dude just realized why the music industry was so profitable in the cd days... 17 cents to produce a physical copy. Sell them for 20+ .. stupid profit margin..
First you do 20 times 75,000 which is 1.5 million then you do 2.50 times 75,000 which is 187,500$ then you subtract that from 1.5 million giving you around 1.3 million🤓
2.50 x 70,000 = 175,000 but he’d have to buy bulk and he wouldn’t have sold all of them, so let’s say he bought 100,000 means he spent $250,000 on fidget spinners. 70,000 sold at $20 each equals 1,400,000. Minus the $250,000 initially spent means he turned a $1,150,000 profit. My point is that anyone can become a millionaire when you have $250,000 dollars lying around that you can afford to spend on a fad investment and an existing loyal audience to sell to 😑
I cant even get an amazon account to sell on , never mind get a get 187.000 loan to buy fodget spinner , lol that's why i joinedmthe jasmy crypto community ❤❤❤❤
So again, needed money to make money. That was almost a 200k investment not including taxes and shipping.. so probably right at 200k to make 1.5 million
1,312,500$ is the math👍🏻 Cost of product-2.50$ Price on website-20.00$ Return-17.50X75,000=1,312,500$ Plus all shipping taxes and other fees so a ton of money😂
-2.50 x 75,000 = -187,500 20 x 75,000 = 1,500,000 1,500,000 + -187,500 = 1,312,500 So bro made $1,312,500 without shipping expenses, unless he charged the consumer the shipping fee
Well here’s the math: $2.50 X 75,000 = $187,500. Sold for $20.00 each X 75,000 = 1,500,000. Nice return on investment. Good for you. Wish I had $187k laying around lol #the Rich get richer 🙌🏻
Little kid became a millionaire in just a few months off fidget spinners 👍👍👍 dude I haven't made 1.3 million in my entire life and I've been working full time for 28 years 😢😢😢
Just based on those numbers his revenue was 1,500,000. His gross profit was 1,312,500. If he lived where I live, his take home would be 789,032 dollars total
Gross = 1,312,500$ but that’s not including taxes, drop shipping, marketing accidental/replacements etc. he’s easily below a mil profit but still a great flip
When someone uses the word "probably" it means it was made up. They cost "like probably 2.50". OK buddy. You really can't remember something so crucial to the whole decision making purchase.
Fidget spinner era was crazy
It was cringe but I miss it
Taykay era lmao
Was it?
Remember silly bandz?😂😂
Bs. What a fckng nonsense😂 era was crazy he said😂😂😂
The fact that people bought those for $20 is laughable
I must’ve got mine for no more than $9
they were kids begging their moms for them😂
Dudes capping. 100% daddys money
In 1975, a guy created the "Pet Rock." Sold for $3.95 and it was a cardboard box, some nesting material, and a rock. In 6 months, the guy made about 15 million dollars. AND, the original "antique" rocks are currently being sold online to us old farts looking for our childhood for about $20.
Never bought but somehow I always had one 🫣😂
1,312,500 profit is hitting a lick 😅
@@Umbrella913You are wrong, you don't divide it but multiply the 2.5 dollars to 75,000 = 187,500, subtract the money spent (187,500) to the income which is 1,500,000, which then equals to 1,312,500
@@anasdzzzzyes you are correct
@@Umbrella91320-2.5=17 17x75,000=1,312,500
Where the hell did you learn how to do math? @@Umbrella913
@@Umbrella913u failed math??
I believe him. I was sales manager for a wholesale business in the fidget spinner era and we serviced gas stations and convenience stores and we were smaller with around 150 accounts. We bought them for $1 and sold for $5 and got rid of at least 30,000 of them in 1 week than it died down pretty quickly. I made over $10k in commission that week lol
$20 hmm I doubt 75k are buying them for 20$
@@mattyy101honestly in highschool People were buying these for about 20$
@@mattyy101fidget spinner era was real and his fan base was a ton of kids who didn’t understand upselling at the time. I didn’t buy from him but definitely spent a lot on fidget spinners. I also sold a few for $5-20 so don’t underestimate the power of a fan base of kids. They were social cred back in those days 😂
Congratulations on a helluva week!!!
@@mattyy101does ur brain work?
The IRS peeking from the corner like 🕵️
I wanted to ask who does their t@xs
Not illegal to have a profitable business, he simply paid the taxes as he went.
He bought them all for 187,500
Sold them for a total of 1.5 million
Made a profit of 1,312,500 dollars
Shipping and taxes. Maybe $500k in the end.
@@Dirtytankerthey paid 20+ shipping
@@aaronaaron3003
75,000 units purchased upfront @ $2.50
= $187,500.
75,000 units sold @ $20 each.
= $1,500,000.
Subtract the $187,500 upfront cost from the total return of sold product $1,500,000, and you will be left with a profit of $1,312,500.
@@Dirtytankeryea those were my calculations as well
@@aaronaaron3003Can you even do basic math? 75k*20=1.5M, that’s the revenue. The cost is 75k*2.5=187500. The profit becomes 1312500 (around 1.3M). If you ever took the most basic econ class you would know what he said 💀
This video got everone pulling their calculators out 🤣
Omfg 1.5 mil is crazy from fidget spinners 🙅🏽♂️🚫🧢
@@manuelruiz8163is was 1.3m u gotta minus what he payed for the fidget spinners it would’ve been 1.5 if he got all the 75,000 fidget spinners for free ur bad at math don’t ever invest in anything until u learn math
I can let the comments do the calculation
Yep I did...1.5 mil.
Nope, I had math in school!
Bro the investment in total was 187,000 the return is crazy lol
187,500*
he didn't even need to invest that much, he could of just got the orders and then made them and shipped em
@@p9ndauh342that's what he did for sure.
This is 100% what is wrong with our economy and society. He literally did nothing meanwhile the 3rd world citizens making all this shit getting paid $18 a day.
And y'all see nothing wrong with this. Cancer and COVID need to do their jobs!
The return is 1.3 mil so yeah crazy
For those wondering, if these numbers are accurate… He made $1,312,500
No do your math , think about it again.
1.5 million
-187,500
In total he made 1,312,500 dollars
1.3 mil ..dayum
1.5 mill actually lmao
@@brentbrowning2041 spent $2:50 on the fidget spinners so no, 1.3 mil
@@brentbrowning2041 ur wrong
1,312,500 is yes he is correct
@@Kobe_solosProdzur bad at math btw
$1.3m is insane, that’s an incredibly smart move
75.000 x $20 = $1.5m
@@Charles-d3f8cor you could add the production cost and calculate profit instead
@@Charles-d3f8cbuddy dont think ur smart
@@Charles-d3f8cand then deduct the amount spent…
@@Charles-d3f8c-187,500 = 1.3
"I don't even know what the math is" tells you everything you need to know
Exactly. If he actually did it, he’d either have a good idea of how much money he made or he’d actually be smart enough to do a little quick math in his head.
Uncle Sam would like to know
Oh he knows.
@@ChrisJohnson-ww4vsyou sound jealous Christine.
@@RevealedFilms Do you struggle with reading?
who would buy a fidget spinner for $20 😭
Congrats on taking full advantage of the craze! Well done Brother! 😎👍
Almost better margins then Pablo Escobar🤣
Forgot about Tanner for a hot minute there, great throwback
He disappeared
@@johnnieduke95 he’s actually back now, posted a video like 2 days ago you should check it out
@@johnnieduke95 hes back now
Is that roman
20-2.50=17.50×75,000=1.312.500
You’re Forgetting that 12% tax he has to pay, for him self. 1.16mil
So it’s one dollar, three 312 thousandths, 5 millionths. Or is it $1,312,500
@@freshauthor24681some places in the world use commas, some use periods. It generally causes minimal issues because every knows exactly what is being said irregardless of which is used in most cases.
@@brodog0018 i know this, it’s just I’m being funny and making it american
@@freshauthor24681in different countries it's different ways
😂😂😂come on man you know how much you made 😂😂😂the check hit your bank 🏦 and your eyes was wide Open 😮😮😮😮
My guy can't do math, but he can make money. The moral of the story: you don't need to be intelligent to be astute.
This excludes a lot of other costs....
And doesn’t include all of the other shit he was selling as well. So it evens out to be about….. still shit load of cash
He was running a scootering channel. Didn't realize he was also hustling hard asf
What other costs?
Yeah still banged out a m off the couch. Most of us idiots are out here slaving for pennies then hash out half of it on taxes
@@PenCo91ohsad but true brother, I’m right there with the humps out here.
Imagine buying a 20$ fidget spinner … oh wait 100% of his consumers are under the age of 10
What exactly is your point in commenting this
Hey I was eleven when I bought one
@@RecutCentral imagine
@@RecutCentralhis point is he made a 2 dollar toy put it up for 20 knowing full well his audience is full of underage kids thats gonna buy his shit up instantly cause their in love with the dude. Its a scummy thing to do, he could of made em 5 to 10 bucks but nope fucking 20 bucks dudes making 10x the profit on fucking little kids. That's why this is a scumbag move and so on.
@@joegrignon792and that makes the point stand even stronger
That’s a lot of ‘attention deficate hyperactivity disorder’
1,312,500 off a dumbass toy in 2-3 months
If you ever paid 20 for a toy at dollar tree you my friend might be redacted
Marketplace cut is around 30%, plus shipping and packaging. Take home at the end of the day is about 30%
He runs his online store not selling on a marketplace. 30% way too much, more like 10-15%, zero fee for his own store.
@@zaksampson8445nation wide shipping would still cost him around 10 bucks a pop… so it doesn’t add up to much, bit still a around 525k profit for 2 months of work is like 5 years of salary… such opportunities are rare
maybe for modern day drop shippers. not so much in 2016, completely different ball game.
Marketplace? Tf are you on. You think anyone actually sells 75k fidget spinners on Facebook marketplace? It also isnt anywhere near 30 percent. Its 8 percent on ebay. Like 10 percent on amazon. And none on mecari.
Dude just sat here getting his ass kissed for ripping off children, y’all sad asf
Welcome to the real world where that is the jist of many many businesses
But that’s business. All the toys and video games we bought as kids was the same shit. Someone has to make money from it right
A kid buying a 20 dollar tanner fox fidget spinner is worse than that
Every amazon product is the same thing
it's a therapeutic material to some people and reality is we get rip on almost everything we buy, theres always pros and cons on everything. nothing is perfect.
Can’t trust anything these type of people say
You made $1.3 million buddy, start learning that math.
That's only a $1,312,500
20×75000-(2.50x75000)=$1,312,500
Bro made about 1.5 million
he profited 1.3m
1.5mil dang u were hella rich😂😂😂
@@youthinkyouknowitallhave u ever heard of estimating?
@@MazevGhave u ever heard of actually doing the math?
Its only 150k income not revenue 😂
1,312,500 dollars profit
Now he’s buying fentanyl for 30
That beard line is wild 😂
1.313 mil is INSANE
Yes I did the math that's what siris for
1.3 million and after taxes like 650,000-750,000$
What taxes
Haha taxes bet he didn’t pay it
After taxes it’s still over a million 🤦🏻♂️
@@TankedFarms5151 idk what taxes you’re paying but where I’m at it’s 40 percent
1.312m. Math people. Learn it.
yeah guys math. learn it. 🤓🤓🤓
1,500,000 is what he made 75000 at 20 a pop
1,312,500 you forgot the cost of 2.50 for each on his end.
@@revoltncock anyways still crazy af
17.50 times 75000 😮
nooe 1.3 mil
$1.3M
This guy made 1,312,500 that’s is insane
Bro, made $1,312,500… that’s extremely good. Just based on what he stated his profit: overhead ratio is 93%: 7% talk about smart decisions! Bravo, Tanner!!!
$17.50 x 75,000 = $1.3M … not bad for 3 months work
1,500,000$ on fidget spinners bro
Bro made 1,500,000 m 💀
He made 1.5 mil dollars from selling FIDGET SPINNERS????????
1,500,000 that’s a lot of money he made on fidget spinners
People who did the math
👇
1.5 million dollars
That math is so simple to do in your head. This new generation just uses calculator. Cost him $2.50 to make each one. He sold a total of 75,000. So take 75 + 75 = 150. As for the .50 cents take 75 in half to 37.5.
150 + 37.5 is 187.50 add the 0 back making it $187,500 cost. He sold them for $20 each at 75k sold.. Take 2 x 75 = 150. Add the zeros making $1,500,000.
Dude made 1.3 million off of fidget spinners 🤯
That’s 1,312,500 btw
He made 1.5 mill
$1,312,500
... going on the pure maths alone.
Transport, etc...
75,000 would cost him $187,500. Selling then for $20 would make him a profit of $1,312,500.. NICE
That's 750k after shipping and seller fees but not including income tax.
Bro made 1.5 million in 3 months of autistic toys for kids 🤦🏾
Are you like blaming the autistic kids or something for someone making money?
@@zortelno8951 yeah off there disability
75,000 idiots bought something for $20 instead of buying the same thing for $2.50 because marketing.
Dude just realized why the music industry was so profitable in the cd days... 17 cents to produce a physical copy. Sell them for 20+ .. stupid profit margin..
$1,387,500 roughly in net profit (excluding tax) and about $1.5M gross
People are forgetting taxes State local and Federal homie Bank roughly $652,000
First you do 20 times 75,000 which is 1.5 million then you do 2.50 times 75,000 which is 187,500$ then you subtract that from 1.5 million giving you around 1.3 million🤓
You don't know the math....ok..Don't disrespect and play dumb. No respect bro
2.50 x 70,000 = 175,000 but he’d have to buy bulk and he wouldn’t have sold all of them, so let’s say he bought 100,000 means he spent $250,000 on fidget spinners.
70,000 sold at $20 each equals 1,400,000.
Minus the $250,000 initially spent means he turned a $1,150,000 profit.
My point is that anyone can become a millionaire when you have $250,000 dollars lying around that you can afford to spend on a fad investment and an existing loyal audience to sell to 😑
I cant even get an amazon account to sell on , never mind get a get 187.000 loan to buy fodget spinner , lol that's why i joinedmthe jasmy crypto community ❤❤❤❤
That scammy dude interviewing desperately tried to jump on that train and that was when I blocked that 💩 channel. Cant even remember his name now 😂
For those wondering… Cost him $187,500.00 sold $1.5M =$1,312,500 in profit. Not to bad. 🤷♂️ your welcome.
$187.5K from fidget spinners alone… had he sold them for $3 he would’ve made $225K, and for $5 he would’ve made $375K….
Let's say shipping was 5 bucks then that's a lil over 900k...DAMN BIG MONEY
So again, needed money to make money. That was almost a 200k investment not including taxes and shipping.. so probably right at 200k to make 1.5 million
Hes defo lying who would be paying 20 bucks for a fidget spinner??
Bro earned $1.53 million for the total cost of buying them was 150,000 and with the markup of $20 is $1.53 million
1,312,500$ is the math👍🏻
Cost of product-2.50$
Price on website-20.00$
Return-17.50X75,000=1,312,500$
Plus all shipping taxes and other fees so a ton of money😂
Imagine making $1.3M selling toys to adults
Roughly 1.3mil if you say he sold them for 17.50 after buying them for 2.50 and selling for 20
So 75,000x$20=$1.5M divided by $2.50=$600,000 and it’s probably more than that but that’s the information I got from the video
I made about 500k in a year from selling fidget spinners online for 6 months. I was late to the game but I still made some money.
Bro made 1,312,500 million after the deductions of making them 🐐
Probably would’ve sold 500,000 of them if you made them 10$ each JEW
He made $1.5mil and only purchased them for $187,500. A genius!
Just scammed his audience then basically…. Idc what you’re selling a 20x is insane, cocaine is a 2x, crack is a 4x just to put things in perspective
-2.50 x 75,000 = -187,500
20 x 75,000 = 1,500,000
1,500,000 + -187,500 = 1,312,500
So bro made $1,312,500 without shipping expenses, unless he charged the consumer the shipping fee
1.5M total labour/ total
187K for the 75K made spinners @ 2.50$
Dude profited 1.2M easily when all.saod and done. After marketing etc..
$1,321,500 That's with the deduction, but of the cost of each fidget spinner
He would’ve made around 1.3-1.5m 2.50-20=17.50x75,000=1,312,500
1.2M 🤦♂️🤦♂️
Well here’s the math:
$2.50 X 75,000 = $187,500.
Sold for $20.00 each X 75,000 = 1,500,000.
Nice return on investment. Good for you.
Wish I had $187k laying around lol
#the Rich get richer 🙌🏻
17.50 (profit each fidget spinner) times 75000 = 1.312.500 dollars.
I know the math. Like this comment please.
Little kid became a millionaire in just a few months off fidget spinners 👍👍👍 dude I haven't made 1.3 million in my entire life and I've been working full time for 28 years 😢😢😢
He really made 1,500,000 dollars off of spinners I’m in the wrong business
When I was 12 I convinced my local library to buy 500 and sell them. Went back a year later I don’t think they sold a single one :/
he made 1,312,500 not including shipping if he charged that
Just based on those numbers his revenue was 1,500,000. His gross profit was 1,312,500. If he lived where I live, his take home would be 789,032 dollars total
Gross = 1,312,500$ but that’s not including taxes, drop shipping, marketing accidental/replacements etc. he’s easily below a mil profit but still a great flip
1,312,500$ on fidget spinner is crazy
When someone uses the word "probably" it means it was made up. They cost "like probably 2.50". OK buddy. You really can't remember something so crucial to the whole decision making purchase.
You made 1.3 million dollars off the figgit spinners!?!? Smart mofo!
Bro made 1.312.500 dolars from fidget spinners goddamb