The basic concept is you go around to retail stores looking for items that are on sale or possibly discontinued so you can buy it at a good price to re-sell on Ebay, Amazon, a flea market or your own boutique.
What is the reality?
- The "sale" price is still fairly high, you will be lucky to get it at a wholesale price but rarely below wholesale.
- Because of this high price your investment risk is greater and you must turn your items very fast to make a profit.
- Let's say you find a great item. The store you find it at may just have a few, so to really make money you end of driving to 10 other Target, Walmart, K Mart, CVS, Rite Aid stores etc. Time is money and gas is not cheap either!
- There are lots of online groups focusing on retail arbitrage and they will post "BOLOs" meaning "be on the lookout". What it means to you is everyone and their mother will be buying the same items you are trying to re-sell, driving the price down on Ebay and Amazon!
The secret formula:
Find a place where you can buy better high end, designer items at below wholesale prices to re-sell. They must be desirable items that have relatively little competition in the market.
Let me give you an example:
PrAna yoga tee, Retail: $55
Photo: Natalee Outz
This tee is the "Renee" butterfly tee by PrAna (Yes, there is a capitol A in the middle). PrAna is a highly sought after yoga clothing company. Retail on this tee is $55.00. Currently there are no Renee tees on Amazon. Zero competition!
The burning question..........................
What's the price? Below wholesale closeout price is $5 each!
Ready to make some money? Check out our exclusive wholesale closeout deals here.
Click here to buy wholesale PrAna tees.
