I think the part that most people downplay is the market research that makes this successful. You can buy and try to resell things but you also might end up with a storage unit full of various inventory that will never sell. Might be good product but you just never find that one guy thats willing to buy it. Also don't just put it all on credit without considering the negative outcomes. That's pretty dangerous if you cant pay it down someday because its some ridiculous amount of money that they cant make back. I'm glad this worked for you and some of the information was good but seems like drop shipping with a fancier title. Same exact pit falls as drop shipping as well.
Another interesting video! Useful too. Retail arbitrage isn't my business model but occasionally, i come across something that jumps into my cart en masse!
I recommend you make it about 10% of your biz at least to help you thru tough times. Big box rarely runs out of product and you can continue to bank on their backs year after year. Just trying to protract you as best as I can from this shit economy. Thx for watching! 🤠🇺🇸👍🏼
Hey fantastic video thank you for your info , do you sell all different items in a single store ? I see you sold different categories and explain me how works for you
The Ewing shoes probably sell for more in October, which is Breast Cancer Awareness month. Also, the Ugg rain boots sell for more during fall and winter when it's raining more often. 😉
For sure, but I never wait for sales. Even if I get less I’d rather turn the product faster because I know that I can always find new and better product. Thx for watching! 👍🏻👍🏻
Is there a website or something to know what to go buy from walmart? Mine is 30 mins away and I don't wanna spend 5 hours scanning everything in the store. Plus I don't understand why people buy something that sells at walmart (online?) on ebay..
First, Below is a link to an app that does the work for you, but it's not cheap. It does work though. Secondly, people buy things from Walmart and sell them on ebay and that model of business works because the general public wants convenience. You going to find products that they can't get and making them available easily to them is what they want. They pay for that. Consider yourself a personal shopper to the 130M subscribers of eBay. It's the same reason why people pay $4 for a pair of twinkies at the corner store when they cost less than $3 for a 12 pack. It's all about convenience. Always think about business from the lens of feelings and not logic. That will get you to buy better products. whop.com/marketplace/deal-soldier/
I have a question please, does the customer see the sku label or is it unseen for them, cause sometimes I want to put a remark on how much I bought the item so I can calculate my profit?
I always remove pricing, but leave all other skus and barcodes. I keep the COGS (cost of goods sold) in the backend so that I know how much I paid to calculate profits. Unfortunately, people are greedy and if they see what you paid vs what they paid they get green with envy. It’s always best to keep them in the dark. They actually understand that you must pay less and sell for more to have a legitimate business, but what they don’t see their brain denies. We humans are weird AF. Thx for watching! 🤠🇺🇸👍🏼
Hell yeah. Those were awesome. Now time to prepare to buy summer stuff like toobs for the river, water skiing things, etc…let’s get this money 💰 Thx for watching! 🤠🇺🇸👍🏼
You go the wrong shoes buddy. As far as retail arbitrage working or not, my sales would say otherwise. Wishing you a better outcome for the rest of 2024. Thx for watching! 👍🏻👍🏻
u hate tht term race to the bottom ...why would i want to race to the top price or middle price ..im who you all hate when im comping trust me my price will be listed the lowest ...i turn and burn my inventory ..im sitting around for top dollar sales ....i also buy cheap bcuz i know the profit is made in the BUY not the sale ...ive been reselling for 50yrs
Definitely works brotha. It’s not sustainable though. The market will eventually crash. Jeff Bezoz said this himself. This is why he cashed out. Good on you though. Make your money and to hell with everyone else. That works well also. Glad you’re making money. Thx for watching! 👍🏼 👍🏼
All you do by racing to the bottom is lowering the price of the brand. Some brands will sell above what the original store sells the item. Be in the middle and you’ll always get more. Racing to the bottom does nothing for you…no profit or small profit.
![How To Make $5,000 Every Month With These Big Postcards | [Podcast] Side Hustle](http://i.ytimg.com/vi/diF3S-BC_DY/mqdefault.jpg)
I think the part that most people downplay is the market research that makes this successful. You can buy and try to resell things but you also might end up with a storage unit full of various inventory that will never sell. Might be good product but you just never find that one guy thats willing to buy it. Also don't just put it all on credit without considering the negative outcomes. That's pretty dangerous if you cant pay it down someday because its some ridiculous amount of money that they cant make back. I'm glad this worked for you and some of the information was good but seems like drop shipping with a fancier title. Same exact pit falls as drop shipping as well.
Most definitely pitfalls in everything, but you can’t win if you don’t try. Thx for watching! 👍🏻👍🏻
Another interesting video! Useful too. Retail arbitrage isn't my business model but occasionally, i come across something that jumps into my cart en masse!
I recommend you make it about 10% of your biz at least to help you thru tough times. Big box rarely runs out of product and you can continue to bank on their backs year after year. Just trying to protract you as best as I can from this shit economy. Thx for watching! 🤠🇺🇸👍🏼
@@resellutions happily I'm a hobby reseller and don't rely on it to pay my monthly bills.
Hey fantastic video thank you for your info , do you sell all different items in a single store ? I see you sold different categories and explain me how works for you
I use a single store and it works just fine. It’s best if you focus on one niche but this has worked well for me. Thx for watching! 👍🏻👍🏻
This was quite enjoyable to watch. Subscribed :)
Thank you for that. I try not to be boring. I know it's hard sometimes to watch content that's similar over and over again. Thx for watching! 👍🏻👍🏻
The Ewing shoes probably sell for more in October, which is Breast Cancer Awareness month. Also, the Ugg rain boots sell for more during fall and winter when it's raining more often. 😉
For sure, but I never wait for sales. Even if I get less I’d rather turn the product faster because I know that I can always find new and better product. Thx for watching! 👍🏻👍🏻
Hi do same I just wondered if u pick something doesn’t move what are u doing with it thanks
Usually let it go at a loss or just give it away or donate it. I get them out of my life quick so they don’t drag me down. Thx for watching! 👍🏻👍🏻
I went to Walmart and found those dr quatch soaps for 3 bucks a piece I’m lot em up see how they do thanks for all you do ❤
Awesome…lot them up in packs of 4 if you have enough. I tried, 2,3 and 6 and 4 seems to be the magic number. 🤞. Thx for watching! 🤠🇺🇸✌🏼
Is there a website or something to know what to go buy from walmart? Mine is 30 mins away and I don't wanna spend 5 hours scanning everything in the store. Plus I don't understand why people buy something that sells at walmart (online?) on ebay..
First, Below is a link to an app that does the work for you, but it's not cheap. It does work though.
Secondly, people buy things from Walmart and sell them on ebay and that model of business works because the general public wants convenience. You going to find products that they can't get and making them available easily to them is what they want. They pay for that. Consider yourself a personal shopper to the 130M subscribers of eBay. It's the same reason why people pay $4 for a pair of twinkies at the corner store when they cost less than $3 for a 12 pack. It's all about convenience. Always think about business from the lens of feelings and not logic. That will get you to buy better products.
whop.com/marketplace/deal-soldier/
Great info. Thanks
No problem. Thx for watching! 👍🏼 👍🏼
I have a question please, does the customer see the sku label or is it unseen for them, cause sometimes I want to put a remark on how much I bought the item so I can calculate my profit?
I always remove pricing, but leave all other skus and barcodes. I keep the COGS (cost of goods sold) in the backend so that I know how much I paid to calculate profits.
Unfortunately, people are greedy and if they see what you paid vs what they paid they get green with envy. It’s always best to keep them in the dark. They actually understand that you must pay less and sell for more to have a legitimate business, but what they don’t see their brain denies. We humans are weird AF. Thx for watching! 🤠🇺🇸👍🏼
The custom sku on your listing is not seen by the customer.
@cassfonnesbeck8057 it is not. It’s internal only. Great way to sort of keep books 😂 Thx for watching! 🤠🇺🇸👍🏼
Hello!great video!What software do you use in-store to compare prices?
Hi there. I use seller amp SAS, Amazon app itself, eBay app, terapeak (now product research) and brickseek. Thx for watching! 🤠🇺🇸👍🏼
Thank you!🤝
@andreya8205 you’re most welcome!🤠
We need to know where you are buying this stuff
All kinds of places. Check your local big box stores and see when their items go on clearance. Thx for watching! 🤠🇺🇸✌🏼
Minilights score!
Hell yeah. Those were awesome. Now time to prepare to buy summer stuff like toobs for the river, water skiing things, etc…let’s get this money 💰
Thx for watching! 🤠🇺🇸👍🏼
I got $900 of new brand shoes nobody wanta to buy them😂😂😂😂😂
This does not work
You go the wrong shoes buddy. As far as retail arbitrage working or not, my sales would say otherwise. Wishing you a better outcome for the rest of 2024. Thx for watching! 👍🏻👍🏻
I got shoes too!
You have to be in tune with styles and trends.
Good content but not a how to video
Thx for watching! 🤠🇺🇸✌🏼
u hate tht term race to the bottom ...why would i want to race to the top price or middle price ..im who you all hate when im comping trust me my price will be listed the lowest ...i turn and burn my inventory ..im sitting around for top dollar sales ....i also buy cheap bcuz i know the profit is made in the BUY not the sale ...ive been reselling for 50yrs
Definitely works brotha. It’s not sustainable though. The market will eventually crash. Jeff Bezoz said this himself. This is why he cashed out. Good on you though. Make your money and to hell with everyone else. That works well also. Glad you’re making money. Thx for watching! 👍🏼 👍🏼
All you do by racing to the bottom is lowering the price of the brand. Some brands will sell above what the original store sells the item. Be in the middle and you’ll always get more. Racing to the bottom does nothing for you…no profit or small profit.
@DebM122 for damn sure. That’s always my plan and it has worked well for years. Greed is what makes people go out of business. 😎
Great info. Thanks
No problem. Thx for watching! 👍🏼 👍🏼