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Post by Pantlandia on Nov 7, 2017 17:20:26 GMT
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Post by chapeaunoir on Nov 7, 2017 19:08:55 GMT
I've haunted those stores (save for Walmart which we don't have) for years myself and its been a long time since anything has been cheap enough to sell on the new cheap eBay (I've got a bunch of clearance stuff right now I can't get rid of), if it even sells. IAC it's also getting harder to find, but that's just here. Maybe Amazon.
He's stupid, anyway, to reveal his 'hustle'. Sure, people pick up on that stuff on their own, but really, he's spoon feeding it.
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Post by Desire on Nov 7, 2017 19:30:44 GMT
She said she sold her items she purchased - how did she get approved so fast to sell on Amazon? And her items sold, just like that? No waiting - just list and sell right off the bat?
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Post by Pantlandia on Nov 7, 2017 19:37:51 GMT
She said she sold her items she purchased - how did she get approved so fast to sell on Amazon? And her items sold, just like that? No waiting - just list and sell right off the bat? It depends on the category. Not all of them are restricted. If she was selling in a restricted category, her Walmart purchases won't qualify her to get accepted. In CDs and DVDs, I can't even get accepted because I buy my stuff from a dude who has boxes in his garage. He gets them from a guy who used to own a music store. I am required to submit receipts from distributors and manufacturers to prove my stuff is legit. I have been able to list balloons and some toys tho without any restrictions. When you scan items on Amazon's sellers app, it will tell you if you're able to sell it based on your seller account (because you are logged into the app on your seller account). |
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Post by thekloset on Nov 8, 2017 12:06:47 GMT
::shrug::
I believe it.
first of all, it says gross, not net. the story said he only pays himself $60,000/yr out of his "gross millions". sounds to me like he has some hefty coin tied up in inventory...things aren't always what they seem.
I personally think he would do better at other stores...it seems to me that walmarts clearance is still on the pricey side, but what it does have going for it is that its obscure harder to find junk that someone might need.
places like target, kmart, tru and home depot tend to have more severe markdowns and more current merchandise with better chances for much more of a profit margin.
I don't think he reinvented the wheel or anything like that, but its a nice story. more power to him.
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Post by chapeaunoir on Nov 8, 2017 18:53:54 GMT
Every time I've tried that scheme lately, I get stuck with merchandise that nets me about $2/piece after all the hassle and trouble of obtaining it, listing it, packing it, etc. Sure 60k a year is nice (it'll just about feed you and keep a roof over your head around here), but I'd have to make it $2 at a time, meanwhile having millions in overhead? Ugh - he's got better nerves than I have.
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Post by Deleted on Nov 9, 2017 0:31:09 GMT
He's stupid, anyway, to reveal his 'hustle'. Sure, people pick up on that stuff on their own, but really, he's spoon feeding it. He has a blog and a bunch of e-books on how to make money using his "method" - my guess is that is where most of the money is coming from. My favorite comment from the article:
I worked at a house where the homeowners did this same thing using eBay. It was packed full of #$%$ that they could not sell. This sort of thing is far from a sure bet. |
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Post by chapeaunoir on Nov 9, 2017 0:40:20 GMT
He's stupid, anyway, to reveal his 'hustle'. Sure, people pick up on that stuff on their own, but really, he's spoon feeding it. He has a blog and a bunch of e-books on how to make money using his "method" - my guess is that is where most of the money is coming from. My favorite comment from the article:
I worked at a house where the homeowners did this same thing using eBay. It was packed full of #$%$ that they could not sell. This sort of thing is far from a sure bet.That's pretty much what happens. I've known people who do this and whereas they made money, they lost more in unsalable stuff that they ended up having to get rid of and write-off. Or, they made money but it was a grinding chore. On a small scale I think it's more workable. |
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Post by Pantlandia on Nov 9, 2017 2:34:03 GMT
Sadly, 60K is almost 59% more than what I make now. I wish I could do it...
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Post by chapeaunoir on Nov 9, 2017 2:37:58 GMT
I think there's a lot of that going around. I remember the days when I made just under 60K - that was back in the late 90s, then things started going on the skids in my profession - now I'm job hunting and if I'm lucky I'll make $12/hour on contract. And these firms BRAG about it.
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Post by Deleted on Nov 13, 2017 4:01:06 GMT
His story is sketchy. So you buy some crayons at Walmart for $10 and hope to sell them for $15. But I guarantee you that there are sellers on Amazon that sell them for $12. And honestly, him selling those "get rich on ebay" books makes me wonder...
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Post by chapeaunoir on Nov 13, 2017 4:37:26 GMT
The whole thing about going to various stories and 'finding' the closeouts/clearance only works if (a) you find enough and (b) anybody else wants the stuff. Friends of mine who did that, and they went everywhere and lived in a much better area for that kind of stuff than I do, gave up and went to purchasing skids from these places (Rite-Aid, etc.). The stories they told made me think there is no way I could do that (not enough house room - those skids are huge, like two gaylords worth). Once they ended up with some insane number of ugly candles or something. They were a pair of real hustlers, though, and I really admired them.
A lot of close-out stuff here ends up being shipped out and loaded onto those skids and sold on the wholesale.
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Post by Pantlandia on Nov 13, 2017 5:19:31 GMT
I'm going to scan some stuff at Fred Meyer next time I'm there. Not buy it, but just see how much it's going for on Amazon. I wish you could see sold items there. It would make it so much easier to figure out if the item should be bought or not.
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Post by chapeaunoir on Nov 13, 2017 7:37:44 GMT
I'm going to scan some stuff at Fred Meyer next time I'm there. Not buy it, but just see how much it's going for on Amazon. I wish you could see sold items there. It would make it so much easier to figure out if the item should be bought or not. I've been scanning stuff and find that comparing prices on Amazon and generally online tells a good enough story, though - it gives an idea at any rate. I've gotten some items on clearance down through the years and managed with them, but it's really small change and you can get stuck with the stuff, and with more and more people doing that it soaks up more and more time trying to stay ahead - it's an interesting game if one wants to spend the time at it (I do not - I once did but burnt out on in about 2012 and ended up in clothing). And the Personal Care market is as twitchy as hellz. I used to sell makeup. I still rove around at thrifts looking for perfume and the like. One place won't sell me ANYTHING like that until they've checked it out on both Amazon and eBay. And they never check completeds on eBay. |
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