Retail arbitrage: The bargain shoppers who buy just to resell

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With the start of the holiday shopping season, the National Retail Federation estimates 68.7 million Americans will shop online this Cyber Monday. But what shoppers might not know is that the items they buy online could have been sitting on their local store shelves for a cheaper price. Michelle Miller met the bargain shoppers who buy products just to resell them online.
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21 июл 2024

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Комментарии : 909

@Blitznstitch2 4 года назад

This is what yang means when he says that our data is worth more than oil

@compoundinterestinsights 4 года назад

Blitznstitch2 yang 2020 🇺🇸

@snowfall5171 4 года назад

I mean yang doesn’t understand basic inflation so :(

@ilikefoodcrazy 4 года назад

@EMPEROR ITYOPP’IS Ž £THIOPIA people won't be able to work when robot takes their job

@Alexander_l322 4 года назад

@Gravivector I'm pretty sure they will nuke everyone poor and not useful or rich once they've used us to build the robots who replace us.

@1848432 4 года назад

@@Alexander_l322 sounds like a plot from hunger games or terminator

@123idontcareok 4 года назад

Resellers love to talk about their success and invite more competition to the party.

@josron6088 4 года назад

Yeah if I was Him in all this is true I wouldn't do the interview

@nonons3ns340 4 года назад

Jos Ron well then you’re dumb since the guy said he makes more money from RU-vid and social media than buying and selling. This gets him more recognition and viewers to his videos which means more money...

@blixx87 4 года назад

Ryan Berg aka there ruining it for us other sellers, while they get upside from RU-vid.

@blixx87 4 года назад

J J at the expense of other resellers 😂

@123idontcareok 4 года назад

That Flippin Guy Nice try. Been doing this for 10+ years and increasing in sales year over year ever since. One thing I have never done is give my COMPETITORS a leg up to take food off of my family’s table. No business operating in any sector that I know of would do such a thing. But most resellers would rather impress their peers than put more money in their own pockets.

@seasonsremain 4 года назад

How is this any different than flipping houses or selling used cars? It’s literally the EXACT same thing.

@fucuszullanti7877 4 года назад

Jonathan Barnes It’s not the same at all... You’re taking products off of retail shelves and charging more for it, it’s actually illegal with a lot of products. A guy was recently banned from buying Krispy Kreme donuts because he was re-selling them 200 miles away. It becomes a risk for the larger legitimate business

@h_j_v 4 года назад

Jonathan Barnes In the case of house flipping there is actually value added, a creation of wealth. This is just buying low selling high, they aren’t altering the product or creating any wealth.

@seasonsremain 4 года назад

Hunter Voss Many houses are bought sold without ever touching them to add value. All I’m saying is at the core of this is good ‘ol capitalism. I understand if it’s illegal to buy retail to sell, but I think it’s pretty hypocritical as well since we have huge companies like eBay based on this very thing.

@seasonsremain 4 года назад

Lucus Assanti Which is highly hyprocitical considering Krispy Kreme sells in bulk for “fun-raising” as they call it. Illegal, yes. But theres nothing immoral about it to me. Krispy Kreme will gladly take a hundred grand from him, slap a sign on a building 200 miles away, then ship him donuts calling him a franchisee. He just figured out a cheaper way to do it so we call the man immoral? Not in my book.

@sandramarshall8127 4 года назад

Hunter Voss Umm, the wealth created is in his bank account!

@weylandyutani9622 4 года назад

I have noticed a lot of products online (particularly on Amazon) now cost more or less the same as what you can find in the stores.

@ChiselMouse 4 года назад

People don't mind paying more bc they're lazy af.

@exoressdelivers70 4 года назад

True. I just foolishly bought a soap dish off of Amazon for $3.00. Later I saw that same soap dish at Walmart for 99 cents.

@foxt.5043 4 года назад

Well shipping cost but yea. Atleast that's why my prices are higher than brick and mortar retail

@cable30 4 года назад

Yea, i have seen stuff at places i have seen variety stuff. i check ebay at random and i not a reseller at all. i see if i can get it myself then save alot paying extra for otehrs to bank. i have actually gone back to places and the goods was gone by chance either cause collector or resellers find and check as they shop, so they snag stuff as if a collector or fan of stuff. so if ever i see see stuff i want then i know to grab at time cause there no promise it gonna be there next time cause of collectors or resellers go to any place they can buy cheap and flip for profit. back in the day, it was flip houses to profit and now it shop places to flip any they can get for cheap and flip to profit any day of the week.

@connorbeckmann2981 4 года назад

Yeah but that’s why they drive to theses obscure stores that have that item at like half off.

@jrsoto8284 4 года назад

So it's more expensive online then the stores 'huh!

@krecikowi 4 года назад

When people got used to "cheap online" they forget to CHECK if you could actually get it cheaper. Monopoly of online stores will create high prices and then people will rediscover regular shopping experience...

@jackmartin2236 4 года назад

Add in the convenience of online shopping plus prime 2 day free shipping

@cable30 4 года назад

You can always check ebay as u shop to see how what u wanna buy may always cost more online cause places and people expect to profit from anything they sell. and as some say, they will buy it cause too lazy to check a store to see if got at time. i have learned to grab if can cause may not be there later.

@codythrive5154 4 года назад

th33 Smackdown you have to get unrestricted. Sellers like reezy are able to sell anything.

@alexcarter8807 4 года назад

Yep as a rule. That's the whole point of online. It will almost always cost more online. You're paying for convenience, or because you can't get it locally.

@jenleigh743 4 года назад

I have been a reseller for over 15 years. When I started NO ONE would discuss this business. It was all a well guarded secret. It is the reason that I could sell almost anything for great money. RU-vid changed all of that. So many resellers started doing videos and telling their secrets. The market has become so saturated now that there is more money in selling the information about how to resell. Although that is also saturated now. No need to buy the info that is available for free. Everyone is a reseller now it seems. I continue to change and adapt because I love this business even though it is MUCH harder to earn a living now.

@vogtrina 2 года назад

I just made 2k yesterday selling 3 items and today I made $600. Do you have a bad strategy?

@itsrelativ3967 2 года назад

RU-vid rewards content creators for selling information along with their egos. Not to mention it takes forever to trust whom ever is teaching

@anybody6426 4 года назад

He sounds like he vapes too much

@0389BA 4 года назад

any body 😂

@RyanLovesReds 4 года назад

Which he, theres multiple dudes yo.

@LookOutside... 4 года назад

@@RyanLovesReds the one that sounds like he's about to die. obviously

@haryguby5326 4 года назад

He probably screamed in a band

@thanksmisfortune 4 года назад

hary guby lmao the gauges

@alexcarter8807 4 года назад

I've been on Ebay for over 20 years and I can say, this is really cherry-picked. It's damned hard to make money online. To make money on anything you have to get it for pennies on the dollar.

@dropitstudio8759 4 года назад

You need a better sourcing strategy. My videos might help you.

@kmcl11 4 года назад

He mentioned the hard to find stuff. Hes right. There is a conair item selling well on Ebay Canada. The cosmetics do well also

@jmlewis435 4 года назад

Agreed, started on eBay 20 years ago selling my kids outgrown winter jackets. The market has drastically changed. I still sell on eBay on a small level, but it is very hard to source goods in my area that will actually sell for a profit online.

@oldtwinsna8347 4 года назад

This is true. There is still some one-off potential here and there but nothing sustainable unless you have that elite supply line. Cheap stuff you still have to compete with Chinese sellers who can sell the product less than what it costs you to buy. Also, watch out for the massive amount of scammers getting you to watch their videos or whatever bogus bs just so they can get ad revenue off your viewership.

@ExposedChannel247 4 года назад

If you look up any of the people in this video, they are on social media. Do what they do and you'll make some real money. Even one good in-demand item dropshipped from a supplier can make you a lot of money. I have one product I started selling in June that's sold 140 times on eBay. I've made a few grand from just that one product and I never even touched the product or shipped it myself.

@ZefTillDeath8878 4 года назад

I've been selling on eBay and Amazon for about 4 years now and this is misleading to anyone who thinks they can do this because these guys got in the game early so they are ungated to sell these items on Amazon which is why they have so little competition and can talk about selling this stuff without worrying about flooding the market. I've watched about 20 of Reezy's videos and unsubscribed because like most people I'm not allowed to sell what he is selling on Amazon.

@frty5dgreez 4 года назад

Exactly RU-vid and Amazon change algorithms to make it harder for new users to make money

@nasawalker7594 4 года назад

Yup. I started in 2001. It's nothing like it used to be. I'm tired of it all. It consumed my life.

@teamreezy1008 4 года назад

Anyone can sell on Amazon. But everyone cant sell all the brands like NIKE for example. Which I assume your talking about. But Amazons catalog is massive there are tons of brands you can sell.

@EternalLegionGaming 4 года назад

Well the way he mentioned it, he made it seem like he sold it to amazon himself rather then his own amazon store. If I remember correctly you can sell your items to amazon themselves, correct? He must've been talking about that.

@foxt.5043 4 года назад

@@nasawalker7594 did you take that money and invest it into another source of income. If not, I feel bad but don't get angry and them

@SirParcifal 4 года назад

I see this on ebay. This is why you have to pay attention. People are selling dollar store makeup for 8 bucks lol.

@jeremyh2728 4 года назад

That's Capitalism....those companies make it for pennys on the dollar, then they turn around and sell it for a huge markup. Exploitation of Workers,Resources and buyers for self gain...

@deathlarsen7502 4 года назад

@@jeremyh2728 lol "that's capatilsim" more like stupidity for broke idiots like these resellers. If people are stupid enough to buy .99cents crap for $8 then that's there dumb fault. Eventually people clue in. Reseller scam withers away by the day

@MrCleaN-ls6qz 4 года назад

@@deathlarsen7502 Broke? Hah. You have no idea how profitable reselling of any kind can be. The only thing making these guys idiots is yapping their mouth away and introducing more competition into the sphere.

@kimberlyy911 4 года назад

Death Larsen you’re the only idiot who doesn’t understand how retail works

@guillermogutierrez-santana4446 3 года назад

@@kimberlyy911 Reselling =/= retail. Learn basic economics.

@jedip0werz229 4 года назад

While CBS is only talking about this towards the end of 2019, Gary Vee has been preaching this for years!

@weeyums 4 года назад

Countless others were "preaching this" YEARS before Gary Vee even knew about it.

@carsnob 4 года назад

This was possible before any of us were born...

@thingsido8695 4 года назад

@@weeyums well yeah. It's business 101. Buy low sell high.

@eyeslo4206 4 года назад

Awe... cute. They made their own little America using Walmart as China.

@BEERLIGHTBROKER 4 года назад

Lol......I call them vulchers.

@jennyl.2689 4 года назад

Everything is from China lol...

@BEERLIGHTBROKER 4 года назад

@That Flippin Guy I'd rather send it all back by boat and close all wal marts. TRAITORS TO AMERICA. Without freedom money is worthless.

@shizzle7642 4 года назад

BARLIGHTBROKER everybody including yourself I know wants to buy stuff cheaper. How and why do you suppose American company’s CHOSE to give up production and jobs in exchange for China? If consumers would of continued buying expensive American made (due to our higher wages, expenses, taxes) we wouldn’t be needing China right now and no way is it ever coming back not because of Wal-Mart, hard to blame one company for the spending preferences of buyers. Next company to “blame” will be Amazon, who will be the biggest retail that uses robots to fill orders not employees. It’s called change and historically that’s what happens like it or not. You still have choice where you buy but they’re only offering what America has demanded for... overall cheaper prices period.

@joelhinojosa6838 4 года назад

@@shizzle7642 U.S. buys from China, and Japan buys from U.S., actually all the countries buy from U.S. they consider it a luxury. It is a world economy. Even our best food from agriculture goes to other countries because they get a better price. That's called capitalism. We can't have it both ways.

@waynepetersen9082 4 года назад

Lets be honest, he did not set up a youtube account with the primary interest to help other people. Its always about making money

@juice8549 4 года назад

That’s right. “People don’t care about you, all they want is your money.”

@baskets8429 4 года назад

Money is for sure the motivator but still helps people

@the_traveling_man4284 4 года назад

A lot of them sell "courses" for thousands

@jt9544 4 года назад

Finally someone with a brain! Every single person bragging about oh look what I found or sold on amazon or eBay ETC is really just saying oh please watch our video and make us money.

@DV-ou1yu 4 года назад

@@jt9544 Omg As soon as this man said that I rolled my eyes. Bro we all knos RU-vid is nothing, but people hustling. He's like that guy who buys all the stocks then makes a video telling you how to make money from stocks....BUT HE BOUGHT ALL THE DAMN STOCKS 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Helping ppl my a**. Helping his pockets which I can't hate. Reselling is fun.

@yungwun619 4 года назад

Too bad everything on the amazon seller app, majority of the items are blacklisted.

@dropitstudio8759 4 года назад

Sell it on eBay or on Facebook marketplace

@ano070602 4 года назад

Why not. They are doing the work to find things that others don't want to go looking for it.

@candysubstance1633 4 года назад

It's a waste of gas. So much gas used w t f.

@ano070602 4 года назад

@@candysubstance1633 I agree with you that is a lot of gas wasted. My husband was like when you factor in the gas, time, and price to post the ads how much are they really making. He also said the people who are buying all this stuff must have money to burn.

@DV-ou1yu 4 года назад

@@ano070602 the reason why "people have money to burn" is because your husband has forced their hand. The supply decreases, consumer believes product inventory more valuable (quick seller, "rare" item, etc) thus demand increases. You jump at the first suggested reseller price because you fear someone will buy it which is usually the case because their hand was forced as well. His profit is someone elses lost. I know this market as both a reseller and buyer. It's a competitive and fair trade, but also a messed up one. People lose out on things they want at retail to resellers then have to pay them 100-300% more for said product. Fair for the hustle, messed up for the buyer.

@ano070602 4 года назад

@@DV-ou1yu so true. Its is a mental game everyone plays with themselves.

@missy3505 4 года назад

@@ano070602 you really have no clue 😜🤭..

@enigmathegrayman2953 4 года назад

They can tell people how to do what they do, but look at the comments below.........obviously many won’t bother.

@HustleMillennial 4 года назад

It’s an amazing opportunity. We have been full time for a year now and won’t ever look back to the 9-5 grind.

@streetlifetv13 4 года назад

Hustle Millenial what’s some tips on when you start for first time?

@HustleMillennial 4 года назад

OTown 530 If you’re doing Amazon, spend time scanning everything when you get the app. Scan 100 items in a Walmart trip to learn the system and see what sells.

@streetlifetv13 4 года назад

Hustle Millenial I’m selling on eBay, what is a good item scanner app to use?

@HustleMillennial 4 года назад

OTown 530 when it comes to eBay specifically, the eBay app has a built in scanner. Then simply filter listings to sold for comps.

@Jake_Diego 4 года назад

yessir! Just went fulltime in June so can't wait for my 1 year mark. Freedom

@beast11135 4 года назад

The internet is where the money is at right now, that's for damn sure.

@wackzingo 4 года назад

The dirty little secret none of these guys tell you is that the margins are so small that most barely make enough to live. They love to showcase their huge revenues and talk like they are super smart and rolling in the money but in reality most of them have like 1-2% margins if they're lucky. Then they put themselves out there as experts that can show you how to do a million in sales. It's like cotton candy, looks big and delicious but as soon as you take a bite it just melts away into almost nothing.

@teamreezy1008 4 года назад

Depending on your business model, margins can vary greatly. My margins are higher than that.🤷‍♀️

@wackzingo 4 года назад

@@teamreezy1008 then you are the exception because that certainly isn't normal. Buying retail items at a 50% discount, Amazon's fees will increase your cost 30-50% right off the top and that doesn't even include other businesses expenses, taxes, and additional money to purchase new inventory.

@mikenicholson7465 4 года назад

The margins are shrinking and shrinking as everyone enters into the competition. I used to do arbitrage a few years back and would get 50-100% profit on most investments. Then with all the new competition the profits have slipped horribly. I had to admit it was time to move on unless I was willing to work 80 hour work weeks with 15% profit on most items.

@oldtwinsna8347 4 года назад

Not to mention, just takes one or two scammers on higher priced items to put you into the red. Law enforcement won't do jack for you.

@TheCodEliteKiller 4 года назад

Why can’t we have a black Friday all week it would give more Americans to shop the deals

@samdelunasd 4 года назад

Sub To pewdiepie & mrbeast it’s coming. The ‘cyber Monday’ is turning to ‘cyber week’ already

@msr1116 4 года назад

@goduskychris Chris Godusky .....Or, the good stuff sells out within an hour and the shopping experience turns into an exercise in disappointment.

@RyanJanelle 4 года назад

Should get paid for all that work. He’s doing nothing wrong.

@kylekotecha153 4 года назад

This isn't news lol. Plenty of people do this.

@kmcl11 4 года назад

These major outlets know little about the ecomm world. They're always late. I remember an anchor asking what PayPal was.

@katietrotter9374 4 года назад

But you still watched, commented and received a lot of thumbs up on your comment. Mission accomplished. Doesn’t have to be “news” to get people to engage.

@PatrickDavidson 4 года назад

Kyle Kotecha must of been a slow day

@bngr_bngr 4 года назад

Kyle Kotecha I like when the anchor said, its hard, it might take allot of time.

@kaibaCorpHQ 4 года назад

The big news networks need to let their main audience boomers who don't know what a smartphone does know.

@CJohnson19121 4 года назад

I knew it, he makes more money on youtube than selling

@teamreezy1008 4 года назад

He is open about that.

@rodasolar9297 4 года назад

Of course, they display their success to attract viewers on youtube, some will even teach others how to flip lol for a fee. There is money to be made flipping but it's damn hard, I can't see how they would have time to hunt for deals, list the stuff on amazon, ship the sold items and make daily videos for youtube. It's almost like they exaggerate their success to look good in their videos lol

@minivanlinda1762 4 года назад

And you're still poor, trying to find your next heroin fix. You don't even use clean needles anymore.

@oldtownorchard1280 4 года назад

But so many of the bloggers are not honest about it, will even argue with you when you challenge their motives, I could give plenty of examples, but those of us in the reselling business know exactly who these youtube content providers are.

@Salesman 3 года назад

Of course he does, but he had to work to get to the point were he is able to monotize on RU-vid. It's not easy.

@sandyxloredo 4 года назад

Can’t be mad at that hustle, only respect it

@JM-ip7hf 4 года назад

Elizabeth L thanks 👍😎

@Romes007 4 года назад

naa, lame

@rrogers5077 4 года назад

🔥🔥🔥

@washablejunk281 4 года назад

Nothing wrong with this. My weed dealer buys from a guy than resales for a profit.

@guillermogutierrez-santana4446 3 года назад

Did your weed seller buy directly from the farmer, or from a dispensary? In the scenario that your Weed Dealer purchased it directly from the farmer, he did good because he is doing the work of selling the product to the end-user, so that the farmer can focus on just creating the product on a macro level. In the scenario that your weed dealer just purchased your weed from another dealer, or from a dispensary, that is morally and economically wrong. He has added a cost to the weed without adding any value. You would be able to purchase the weed from his source at his cost if he didn't create an artificial shortage. You are not able to walk into a multi-million dollar weed greenhouse and ask to walk in to buy $10 worth of weed, they can not provide such small sums to you at an economical price, whereas retail is able to. Do you believe that people who buy medicine from manufactures at $0.10 per pill, then jack it up to $15 per pill for no reason other than to profit over their unfair advantage, who then sell it to the Pharmacy, who charge a fair 10% surcharge, is ok? There's nothing wrong with somebody who did no work to create a product, and who did no work to find the end-user themselves, deserves to make substantially more money than anyone else in the supply chain? No, this is not how a free market works. That is called price fixing, cartels, crony capitalism, and arbitrage.

@o0Avalon0o 4 года назад

10 years ago it was the opposite, you'd find a store item selling for cheap online.

@vondahe 4 года назад

Nowadays it's even worse. Chinese sub-standard fake rubbish selling at near retail prices and when you want to return the item, postage costs about as much as you paid.

@SecondTake123 4 года назад

These are some smart business people! As long as they are selling authentic items at a good price let them make their money!

@lilyresells3469 4 года назад

You get it! 🙌🙌

@contactpq 4 года назад

seriously ... smartphones have changed the world...smh...I grew up in the finger in the hole dialer days and I'm still playing catch-up

@mr.puppet9928 4 года назад

Old head 💀

@miner88847 4 года назад

ok boomer

@gazaalley3862 4 года назад

@@miner88847 was waiting for this

@MrstealYoWifi 4 года назад

Lend me your senior citizen discount

@gazaalley3862 4 года назад

@@MrstealYoWifi lmao

@resellersdictionary5616 4 года назад

Reezy is such a good guy..great dad and his wife Rosa is a sweetie. Rock solid family!

@youtert 4 года назад

Nice to know that food you buy on Amazon is coming from the back of some weirdo's van, and from God knows who before him.

@ryangreen7592 4 года назад

Reezy is a local homie of mine, so stoked to see him killing it and landing on CBS. Keep up the good work man!

@thatflipthoo6997 4 года назад

Im a reseller also. 2 weeks ago i bought a 400 blu ray disk player for $15 bucks sold it for $750.

@snacksy7754 4 года назад

Buy low, Sell high. advanced tactics indeed

@jaxxie 4 года назад

Arbitrage

@jimd1617 4 года назад

@5:14 Selling the dream is more profitable. Dont forget to buy his course LMAOOOO

@teamreezy1008 4 года назад

He doesn't have a course.

@ceezgeez1793 4 года назад

yes he does...

@teamreezy1008 4 года назад

@@ceezgeez1793 he has a free course

@ceezgeez1793 4 года назад

@@teamreezy1008 told ya

@XKillerX25 4 года назад

At the expense of people not searching and finding the best deal online

@j.riffney7939 4 года назад

Some people actually don't care. They just like the convenience of pressing a button for what they want and getting it the next day.

@daniellove162 4 года назад

Bryan Abad - People vote for candidates based off of commercials and don’t do the research either. It’s the American way. Corporations buy a candidate cheep, resell them to the American public and make a fortune in favorable policy and tax laws.

@r.d.9399 4 года назад

They're vultures just like any other corporation

@msr1116 4 года назад

Sometimes it's a matter of the time spent searching----not everyone has it or believes the effort is worth it. For an increasing number of people, time is a precious commodity, especially those with children, elderly parents, stressful jobs or long hours.

@msr1116 4 года назад

@@daniellove162 .....Best thing I've done is vote by mail. I take my time to choose based on research, particularly lesser known candidates and local judges who may not have the best reputations. As a result, I feel much better about my choices in recent years.

@Cutekid69 4 года назад

In Asia, we call this scalping...

@stephaniemckelvy4934 4 года назад

Who’s buying all that soy sauce 😩

@tonyfffuuu 4 года назад

Sodium 😋

@abrahambaker5085 4 года назад

Asian restaurants, everyone is looking for a bargain

@IcECreAm-sv2qv 4 года назад

Stephanie Mckelvy it’s not like he’s selling it all at once, on amazon I’m sure he’s unloading it 1 at a time

@Bekssss 4 года назад

Soyboys ( 70% male population in US)

@fazdoll 4 года назад

More accurately, who's buying all that soy sauce at a price high enough to give thsee double-middlemen a profit? This stuff is like a buck 89 at the grocery store. And Asian restaurants may as well order in bulk themselves.

@JetSkiBuyFixPlaySellChannel 4 года назад

They're like ticket scalpers for retail items.

@msr1116 4 года назад

I've noticed clearance and seasonal closeouts from the cosmetic depts. of Walgreens, CVS and Target reappear on Ebay for many years now. In fact, I myself have bought items when I got a good deal. I always knew at least some customers had no intention at all of keeping their purchases for their own personal use.

@libakerotvbisdak154 4 года назад

Mannn, you're spilling the beans.

@TeamDeAngelo 4 года назад

I made it to the news, only for a few seconds haha but still pretty cool. Retail arbitrage is amazing and a lot of fun, and it's easy but it is time-consuming. If you have a typical job working 40 hours a week, it can be tough trying to get into RTA, you have to look for products, label them, package them up etc. It's easy to work, you are literally just putting products in a box and taking it to ups. I started RTA on amazon a few months ago. I bought my house and my cars cash, so I don't have any bills except for utilities and I am an affiliate marketer so my main businesses are on autopilot. So I pretty am free 7 days a week with nothing to do, RTA is a few extra $1,000 a month for a hobby not bad. This hobby makes me more than my old job a few years ago working 40 hours a week and it gets me out of the house. Thanks for having me in the story CBS

@teamreezy1008 4 года назад

🙏

@Hector.... 4 года назад

How did you start if you don't mind me asking?

@jefe3047 4 года назад

Team DeAngelo *IRS enters chat*

@davidshen5742 4 года назад

That’s why u gotta only buy electronics and luxury goods high margins

@melvinharrison3453 4 года назад

Bandupbid 😂😂😂😂😂😂

@phillyliverpoolfc4079 4 года назад

He’s probably a nice guy and all but that van with toys just seems creepy. Just saying

@deathlarsen7502 4 года назад

Totally

@blixx87 4 года назад

LOL gotta respect the hustle tho

@svetamakoveeva318 4 года назад

John Edwards van

@RC.41 4 года назад

Hey kids come look at the toys in my van 😂

@Haybaybay7 4 года назад

Especially in a white van lol

@throttleblip1 4 года назад

For all the lazy folks out there to overpay for....

@mitzisells 4 года назад

Don't think it's easy. It's not. It's work.

@o0Avalon0o 4 года назад

A guy like these sellers lived near me & just closed his warehouse, sold everything. I didn't even realize this is what he was doing but I'm glad I checked prices before buying anything from him.

@saltyapostle44 4 года назад

Lots of hard work involved in this. It's not easy.

@stressfreepaperchase3215 4 года назад

How did reezy get on cbs!!!

@carsnob 4 года назад

Making a personal brand and becoming an online presence. If he didn't start his channel CBS wouldn't have found out about him.

@nasawalker7594 4 года назад

I've been doing this since 2000. It's fun for a while but it can consume your entire life and end up not being fun at all. It's repetitive and boring and unfulfilling. Sure, you can make good money but in the end I would say it's not really worth it honestly.

@FaithandNova 4 года назад

For you it might not be but to another person you might enjoy it

@nasawalker7594 4 года назад

@@FaithandNova I realize that. I'm not saying it wasn't fun for a while but as you get older it takes its toll. I'm glad I went hard at it before it became mainstream and was able to get to the point where I'm basically retired. For many years people would always say "you can actually make a living doing ebay?" and I would just say "yeah, you sure can."

@big6n4 4 года назад

Its not worth it I'm right with you. All the people that enjoy their life doing this ended up getting big enough to pay a team to do all the work for them they are just providing the money and training and profiting. Your average seller is wasting their lives away for regular job pay and truly many jobs you wouldnt work as hard or be as stressed out. If someone wants to ruin their life have fun I'm going back to selling used cars I've wasted enough of my time doing this

@cable30 4 года назад

I have read or saw video saying there are more resellers then there are buyers now days as well. i seen videos where utube show u can score stuff cheap even if on clearance can get it even cheaper at stores. i by chance saw a shirt i wanted on clearance and went to self check out and saw it came up cheaper then tag price it was stamped lol. so u can try resell in ur free time and still work if want, but if u trie of reg job can try do resell as ft if u not mind the hassles of try sell what u got anytime. there are pro and cons, but i rather deal with reg job bs and avoid hassles of try sell anything that does not sell cause others may try under cut u just to move product at anytime.

@germanbarrera125 4 года назад

The hoarding of possessions will stagnate energy in your life.

@3_up_moon 4 года назад

Just what we need, middle man squared.

@sarikagoode1505 4 года назад

Don’t knock the hustle. If a working class person has used his or her intellect and ingenuity to make a good living, that’s a great thing. They pay their taxes and keep the economy rolling. Focus on the corporate freeloaders like Amazon and Walmart who benefit from the taxpayer handouts and make them participate in the betterment of the community. Starting by paying their taxes.

@holdmybeer123 4 года назад

When the money is cheap, all kinds of bubbles appear. But the party will end soon.

@miriamhavard7621 4 года назад

@MK_1Ultra 4 года назад

This has actually helped me. Not only am i actually saving money from these dipshit tips, but i also save on products for myself, discount shopping for dollars on end, saving thousands and flipping the sell and making some change as well. Take the hints people, it works.

@MiKroXL 4 года назад

This exactly why all of those are struggling stores to keep up with Amazon, but kudos to the people who are working hard to keep some of that cheese

@jeanpearson7856 4 года назад

I wonder how many of these resellers are paying their income taxes on what they sell. Some day the IRS will be after them.

@zang9147 4 года назад

They all receive 1099-MISC forms from the online platforms. If they don't report the income, the IRS will send a notice automatically.

@CLINT-THE-GREAT 4 года назад

If they sell on eBay or amazon they both report to irs. So they can’t get around not paying taxes unless they do like anyone else would do and just not file

@taxandbusinesszone 4 года назад

@@CLINT-THE-GREAT all reported income needs a filed tax return Otherwise IRS and State tax agencies do them for taxpayers themselves and bill as if a tax return was files. IRC 6020 (b) Substitute for Return procedures.

@thebeststooge 4 года назад

Here all of the sale items at WalMart never made it to our local stores and when you asked various managers they said because they were snatched up by resellers before they even got a chance to be shipped. We lost out on a lot of stuff we wanted.

@nicolerobinson6294 4 года назад

I really like Mike's channel. I'm a subscriber. He comes from very humble beginnings and he does this to take care of his family. I was thinking about starting to do this because I'm in student loan debt and I'm tired of the sleepless nights.

@PatrickDavidson 4 года назад

I’ve been doing this for a few months, You have to be dedicated to it because it’s not life changing money but it does put a few bucks in my pocket when I need it. I haven’t really discovered how to sell stuff from stores like they do I’ve just been selling mostly used items on eBay

@deathlarsen7502 4 года назад

Yeah and how much have you made

@meilimccannsayles3374 4 года назад

Patrick Davidson do u also use the app if u do just wondering what all it is

@PatrickDavidson 4 года назад

Death Larsen my goal was to make 1000 in 3 months I may be at like 7-800 I have to look but then there’s costs for shipping and eBay/PayPal take their cut too

@PatrickDavidson 4 года назад

MeiLi Mccannsayles i yes use the eBay app to scan bar codes I haven’t really got familiar with amazon and they restrict what you can sell more than eBay does

@javierjaime9386 2 года назад

You need to sell new not used to make the big bucks

@toobglued 4 года назад

There is ALOT more to it than meets the eye. Lots of computer time and mistakes. Barcodes, trade bonds, freight forwarders, product photography, and of course, obtaining reviews landing on page 1.

@TheFatblob25 4 года назад

What a sad existence. Buying new stuff & reselling. Buy & sell used goods I'm all for.

@jamesni4498 4 года назад

The news anchor has a point at the end..A lot of these guys don't do JUST retail arbitrage. They diversify with youtube videos, online courses. They are also diversifying what products they sell, how they source products (garage sales, flea markets, storage units, rummage sales). These people also recognize the importance of networking and creating relationships. A lot of variables in being successful in this kind of thing, not just flipping items

@NHSSHINOBI 4 года назад

I usually like to buy electronics and shoes and other high priced items from the manufacturer, not sure how that works.

@cable30 4 года назад

Find out who makes the stuff, then go direct to their site and contact them and see what u can do at time.

@NHSSHINOBI 4 года назад

by yes but most of the time those seller don't offer the manufacturer warranties or coverages, and half of the time your not really saving anything cash, it's a risk for sure

@RomeOpalec 4 года назад

It’s legitimate why not.

@PleaseNoMoreFarmhouseDecor 4 года назад

Correct.

@YouTube_stole_my_handle 4 года назад

If you report it to the irs

@douglei4413 4 года назад

@@RU-vid_stole_my_handle . True, but even if they don't, they already paying the sale taxes forward when they purchased the item. Corporations doesn't pay taxes on these item when they acquired them.

@Js14561 4 года назад

Anybody remember the Christmas episode on the office when Dwight buys up all the dolls and then sells them for like 200 bucks each 😂😂😂😂

@behindtheplate 4 года назад

Reezy Resells ONLY STARTED “OFFERING ADVICE AND TIPS” Because of GARYVEE!!

@MazBringsby 4 года назад

The dead end game of America's avaricious consumerist anti-culture. R.I.P.

@realaudioreviews 4 года назад

MazBringsby can u please explain thanks

@thanksmisfortune 4 года назад

MazBringsby um, what?

@TheRazorTongue 4 года назад

Can a billion Ferengi be wrong?

@marcykeeley7709 4 года назад

I also got some unusual looks while me and my buddy were sorting through children's clothes and toys

@jasinbiggs7189 4 года назад

Pervert

@umad3592 4 года назад

Chester......😂

@crnkmnky 4 года назад

"We're foster parents. Mind ya business!"

@SecondTake123 4 года назад

People need to mind their business

@KevinHansen70 4 года назад

I’m glad that Reezy started up his RU-vid channel and I’m glad that he is making multiple 6 figures. Learning from him and a few others, changed my life. There isn’t too much competition, many people quit. The ones that stick with it, many go into wholesale and other opportunities. For the negative people that say its not right to charge more for an item..no one is forcing the customer to buy the products. When I was broke, I was negative too.

@rugpull500 4 года назад

1st dude is a genius much success to him

@paulden3158 4 года назад

Too much work selling all this nickel and dime stuff

@PubStarFlash 4 года назад

Its the volume that makes him the money. If you nickel and dime thousands of items it adds up

@Deliriation 4 года назад

Don't worry about it just stick to your 9 to 5.

@KS-wk6uk 4 года назад

Some people actually steal a lot from stores and sell online cheaper but with 100% profit

@buckfuddy489 4 года назад

Flaming Falcons back in my "not so moral/drug addict" days, we used to have this guy who sold stuff online..we would go to the store n get whatever he told us was selling..needless to say, he went to jail for that..(that was about 20years ago..before amazon n all the resale sites came about..old skool) I don't steal or do drugs anymore, thankfully

@buckfuddy489 4 года назад

He barely gave us 1/3 of the price tho,chinsey fugger

@inthevault9603 4 года назад

What app are they using to run the products through Amazon on their phones?

@Ibhenriksen 4 года назад

What they DON'T tell you is the taxes you need to pay at the end of the year. It can be anywhere from 22-51% tax depending on how much you made. (What tax bracket you fall under) And in the end you pretty much have to pay a lot of it back. Your annual earnings isn't much. Just around 5% if you are lucky. This is the wrong business. If you open up a restaurant for example, you'll likely pay little to no taxes because there's so many write -offs!

@doghouse8365 4 года назад

I mean I respect the hustle, but at the same time that seems like a super soulless "career"

@Rsmith420 4 года назад

You want money or a soul?

@sdsumiguel5937 4 года назад

Its exactly what Walmart, Costco, Sams Club do; buy low and sell high for profit.

@hYBRYDcOBRA 4 года назад

R Smith why not both?

@Rsmith420 4 года назад

@@hYBRYDcOBRA idk why, but that just seems to be the way things go in this world. Broke people seem to have "souls", rich people seem to have money.

@upholsteryartistry102 4 года назад

Capitalism my friends.

@aloaloalo8142 4 года назад

Good days were 2013-2017

@mikenicholson7465 4 года назад

I get what you're saying. Then Amazon threw some roadblocks around. They starting gating people from whole categories and from certain brands. If you were grandfathered in, great. If you weren't, like myself, than you lost a big chunk of opportunity. So I moved from RA to flipping textbooks on AZ but guess what? I (and most others) got gated out of many popular textbooks then too! I'm exhausted and feel depressed about it all.

@Mr0erick0 4 года назад

All I need are Monday’s for finding inventory 🤙

@CrowdPleeza 4 года назад

How are some of you able to identify profitable arbitrage products outside of the clearance products?

@oonioomphs9440 4 года назад

They are just one bad buy from bankruptcy.

@electroluxray_560 4 года назад

I thought that was Vsauce in the thumbnail at first

@djpuplex 4 года назад

A bunch of scammers sell courses on how to do this.

@rstscott 4 года назад

Reezy is a good guy. He helped me out a lot in the beginning, even answered direct messages even though he didn’t know me.

@joesphsmith2370 4 года назад

It’s not that easy . It’s freaking hard

@dropitstudio8759 4 года назад

You can also do online retail arbitrage. It comes with a learning curve but you don't need to leave the house 🛋️

@teamreezy1008 4 года назад

It is def not easy.

@KevinHansen70 4 года назад

Its not easy but easier than my last job. Doing more wholesale now and online retail arbitrage, much easier for sure.

@jonathannoble7657 4 года назад

All these people learned this from playing the auction house on World of Warcraft

@Scottyyy777 4 года назад

Some of these people been doing this before wow was a thing, so no.

@outlawjodiewales9295 4 года назад

Scottyyy777 pretty sure he was joking... lol

@Scottyyy777 4 года назад

@@outlawjodiewales9295 Nowadays you never know, and it's worrying.

@aaroncardenas9062 4 года назад

Does anyone know the apps these guys were using?

@kicapanmanis1060 4 года назад

Looks pretty hard. Transporting all the stuff, driving all over, taking the risk that it will sell at the price he needs, etc.

@MakingMovesMajor 4 года назад

"I make more from the RU-vid and social media than I do actually selling stuff." 5:20 Don't let that be lost on you.

@Thedrizzlestick495 4 года назад

This man needs to do drop shipping

@zachinthehat1707 4 года назад

Yoboydrew That’s basically what he’s doing right?

@Thedrizzlestick495 4 года назад

@@zachinthehat1707 not the first guy cuz he has his own warehouse and then sending it too Amazon once someone buys it when it could already be there which would cut shipping time

@SamplaysMC12 4 года назад

Yoboydrew true. Drop shipping is doing it all through the computer. Getting the store to ship it and you sell it through the website.

@foxt.5043 4 года назад

Dropshipping is really money efficient but it's not the most stable thing. I do it to be build up capital so then I can expand into other parts of retail.

@SamplaysMC12 4 года назад

@@foxt.5043 How often do you have to research and find new products to sell?

@Ja90mi 4 года назад

What is the app they are using to check the stats that fast?

@libakerotvbisdak154 4 года назад

BTW, what's the app are they using? SELLER CENTRAL?

@leekines2210 4 года назад

I consider my self an eBay expert I have sold over 500 things on there. eBay has gotten to the point there are so many of a particular item on there it is hard to make a profit espically after all the fees. Plus I have hard horror stories about customers complaint about items and automatically getting there money back. eBay does not give a damn about sellers

@BEERLIGHTBROKER 4 года назад

500 items is nothing.

@jasonvelasquez5551 4 года назад

That's a lot of gas being used and a lot of his time and lot to organize. Hope they dont charge him with so many taxes. I wish him the best.

@dropitstudio8759 4 года назад

You can also do it between different online marketplaces. Example buy cheap on Walmart or Amazon and sell high on eBay or Facebook marketplace. I show how to compare products online on my channel.

@XR650L_GUY 4 года назад

That's right drive up costs ! Just what's destroying America !

@PinoyFlavor 4 года назад

Amazon should be more restrictive about this. This will start lowering the quality of things bought at Amazon!!

@JM-ip7hf 4 года назад

Pinoy Flavor I agree & I sell products myself on the platform. Amazon takes a cut out of everyone’s sales & still charge you a monthly fee to use their platform. Either way, they win big time

@gg3675 4 года назад

This is literally their whole business model lmao

@mikenicholson7465 4 года назад

Actually, a few years back Amazon allowed China to sell on their platform. That is what killed quality on Amazon. Not these guys doing RA.

@carriea.2467 4 года назад

This is what u call a stressful job.

@ElevationNationCONVERSATIONS 4 года назад

What is the APP they use to see how much the products are selling for ???

@teamreezy1008 4 года назад

Scoutify 2 but the amazon seller app is free

@FourEyedHustler 4 года назад

Not all sunshine and rainbows! Join the HUSTLE!

@michaelmccuin1157 4 года назад

Some People Even Do this With WEED! 😎

@bmarie8965 4 года назад

better get in this game before retailers set up their own warehouses for this !

@planetcave 4 года назад

I offer free warehouse space in the center of Las Vegas for a small percentage of the net. I've worked with a number of online buy/sellers- some make it but a lot don't. It's just like anything else, you have to know your market.

@Salesman 3 года назад

It's cool seeing this getting some news time, but hopefully people understand that this is basically a full time job for these people as they are professional resellers.