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Very hard to believe, you'd have to be very naive to reveal your arbitrage like this.
by Blazespinnaker 9y ago
Very hard to believe, you'd have to be very naive to reveal your arbitrage like this.
- cJ0th 9y agoIt seems he is already moving on by entering the self help/motivational speaker industry. > As his business is increasingly run by his team, Grant has reduced his salary down to $60,000 a year and now dedicates much of his time to getting that message out. He consults and teaches e-commerce classes through the same blog he has been using to track his performance.
- cjensen 9y agoIn other words, his business isn't working out very well and he has a lot of inventory risk. So he's "pivoting" to self-help.
- interestingcpp 9y agoIt may have been working fine, and he simply chose to pivot careers rather than scale what he had.
- deleted 9y ago[deleted]
- robryan 9y agoRetail arbitrage is already very popular on Amazon. It might not have much of a future though with Amazon heading towards not accepting those invoices when reviewing an account. I think the opportunity is probably too small and time consuming for big business to come in and destroy the opportunity. Similar to how small eBay sellers are able to import stuff straight off alibaba and make a profit.
- WalterBright 9y agoBack in the 80's, it was practical to buy software packages in the US and resell them in Europe at a substantial markup. After a while, more and more businessmen started doing this until the price differential disappeared. Classic arbitrage.
- cjsuk 9y agoMy father did this. Also he imported stuff from Taiwan and crudely ported the software for European market for a 200% markup. Literally unpack, throw a floppy disk in it, pack, sell.