I actually just picked up, about one or two weekends ago, a bunch of light bulbs. If you have a little bit of that knowledge, you’re going to have a leg up on everybody else trying to make money online.Ĭan you tell me about some of your more recent retail- arbitrage endeavors?
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I know a lot about inventory systems and stuff like that. I learned a lot of this business through retail, and I just apply it as retail arbitrage. I actually have a retail background - I worked in retail management for nine years, and I was also an executive manager for Target. To answer these questions, and to get a better sense of how retail arbitrage actually works, I sat down with YouTuber and retail arbitrager Shane Myers, who also made a killing flipping the same ‘Monopoly for Millennials’ game.įirst things first: How’d you even get into retail arbitrage? Then, within less than 24 hours, he managed to sell 131 of them on Amazon for $77.29 each, which leaves him with an impressive profit of $2,500, even after deducting shipping costs and fees (he presumably sold the remaining 51 board games on a later date for even more profit).Īfter watching this video, I had so many questions - namely, does this actually work for most people, and if so, why aren’t more people doing it? I also couldn’t help but wonder whether employees (and other customers) get upset when you walk out of the store with 182 ‘Monopoly for Millennials’ board games. Here’s an example: In one video that I stumbled upon, an arbitrager purchases 182 ‘Monopoly for Millennials’ board games from several local Walmarts, for $19.82 each.