Juston, 30, and Kristen, 28, estimate they can reel in $150,000 this year from their newest gig: retail arbitrage. The basic idea is to buy up a bunch of the same item — from water bottles to vacuums to Monopoly boards — and then resell them online for a handsome profit.For some, this is just a lucrative side hustle — perhaps to climb out of debt or save up for a Disney World vacation. For others, it has become their primary way of earning a living. And beyond that, the Herberts say, this work is helping them save $50,000 so they can adopt a child.
“If we’re showing that you can come up with big money for an adoption,” Kristen said, “you can come up with big money to get yourself out of a hole, credit card debt or a house payment.”
While the idea to buy something cheap and sell it at a higher price is age-old, the concept of retail arbitrage has emerged in the digital age.
Chris Green wrote one of the go-to how-to books on the topic, titled “Retail Arbitrage.” And he’s helped popularize the moniker.
Source: https://pressfrom.info/ca/news/money/-118998-flesh-and-blood-robots-for-amazon-they-raid-clearance-aisles-and-resell-it-all-online-for-a-profit.html
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