People are quitting their jobs to make thousands selling everyday items on Amazon. Here's a look inside one exclusive resale group, where members have sold over $400,000 worth of good since May.
, a messaging and audio communication platform. Membership to the group costs $50 a month and there are nearly 500 members, according to the founders.
"The biggest thing we try to preach very hard is don't listen to a lot of the people that are telling you no, because there's going to be a lot of nos," Charles said. "And the people that overcome those nos are the people that do really well and are still making money on Amazon today." From persevering through the initial learning curve to figuring out the best items to sell, here were their top tips:Retail arbitrage is only profitable when the product can resell for more than the price a person pays in the store. Learning what items will do well in arbitrage takes some trial and error.
"What people don't realize is that the prices in stores, they're flexible," Charles said. "You can walk into a store, see a $100 price tag, and you can get that price down a decent amount just by talking to store managers."Arbitrage Ops has specific channels on Discord that advise members on current flips that are seeing success.
Charles said that it got to the point where his members were purchasing pools for around $400 in stores and then flipping them for between $1,000 and $2,500 on Amazon. Some members even said they rented U-Haul trucks to pick up dozens of pools to resell them online.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Gigi Hadid and Zayn Malik’s First Date Night as Mom and DadInside Gigi Hadid and Zayn Malik's First Date Night as ‘Mom and Dad’
Read more »
Inside The Palm Springs Hotel That’s The Location For ‘The Bachelorette’ 2020Get a tour of La Quinta Resort & Club, A Waldorf Astoria Resort, Clare Crawley’s Palm Springs love nest.
Read more »
'The Bachelorette' Star Clare Crawley on Filming Inside the Bubble — and Those SpoilersThe lead of season 16 — which was filmed in isolation to meet COVID-19 safety protocols — tells The Hollywood Reporter 'there's never a formula' when it comes to finding love on the franchise.
Read more »
'The Crown' Season 4 Trailer Takes Us Inside A Fairytale Gone WrongThe show uses real words from Charles and Diana's 1981 wedding sermon.
Read more »
Starz docuseries 'Seduced' goes inside NXIVM cult in new trailerOn the heels of HBO's 'The Vow,' Starz teases 'Seduced: Inside the NXIVM Cult' with a new trailer for the docuseries about the purported sex cult.
Read more »
'The Crown' Season 4 Trailer Takes Us Inside A Fairytale Gone WrongThe show uses real words from Charles and Diana's 1981 wedding sermon.
Read more »