U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-12-2017, 02:32 PM
 
482 posts, read 215,044 times
Reputation: 1182

Advertisements

Guys like this make me feel stupid for not being rich. He shops, re-sells his stuff, generates several million dollars in annual revenue. Easy day ...


https://www.youtube.com/watch?v=vzrtdUCsYTQ

Piece of cake, right? What zany but shockingly successful businesses do you know of?
Reply With Quote Quick reply to this message

 
Old 11-12-2017, 03:23 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,746 posts, read 37,388,497 times
Reputation: 20721
often nothing is EZ as it looks... (Millions? I don't have a silver bullet)

Several co-workers started High tech companies (with the blessing of our high tech employer) (Circa 1970 - 1990) several sold back to parent company or others for $10m - $100m

two-coworkers left the same day to start companies (20 yrs ago)
1) had capital intensive factory + employees (struggled, still struggles)
1) Used contract workers and leased equipment - now employs 200+ and is very high cash flow (Basically offering engineering workers / solutions to large companies who don't want to hire their own employees)

a Friend does high net worth financial management, he gets a lot of perks from his contacts
Some realtors can make millions / yr and find lots of bargains for their 'friends' / silent investment partners. (Many realtors STARVE)

BIL ~$60k / yr does ebay (buys unique mechanical parts in bulk and sells individually

Our homeschool group had 10+ businesses run by jr and high schoolers. Some have run for over 20 yrs (passed on to siblings) A couple of the businesses are in the $2m-$5m/ yr range.

It all takes work... (From my background)
Reply With Quote Quick reply to this message
 
Old 11-14-2017, 03:01 AM
 
400 posts, read 146,547 times
Reputation: 490
What the guy in the video is leaving out are the piles of unsold items he has and all of the man-hours wasted in failing to sell them, past and future. Walmart knows a thing or two about how to price items. The window in which one can resell one of their discounted items for a profit is pretty small. I'd liken this story to a professional blackjack player who happens to be up for the year. I'd still put my money on the casino to come out ahead. And I bet sales went up after this video was posted, while the shoppers' net worths went down...

Having said that, I know dozens of people who make great livings selling on Ebay. They have the guts and know-how to buy from live auctions, Craigslist, and Ebay itself though.
Reply With Quote Quick reply to this message
 
Old 12-07-2017, 01:13 PM
 
362 posts, read 211,271 times
Reputation: 818
If you are looking for ideas, there's lots of them in some of Chris Guillebeau's books, especially $100 Start UP and 27 Day Side Hustle. (Not exact names but close.)

Free at the library.
Reply With Quote Quick reply to this message
 
Old 12-08-2017, 06:10 PM
 
5,375 posts, read 3,358,770 times
Reputation: 20255
Quote:
Originally Posted by dallasgoldrush View Post
Guys like this make me feel stupid for not being rich. He shops, re-sells his stuff, generates several million dollars in annual revenue. Easy day ...


https://www.youtube.com/watch?v=vzrtdUCsYTQ

Piece of cake, right?
Nope.

Many, many brands are restricted on Amazon now and unless you're authorized to sell the product, you can't offer it there. I see videos like this with out-of-date information and I know they're just trying to sell me their system.

If you get caught selling something you're not authorized to sell, Amazon will ask for manufacturer's invoices. Receipts from retail stores or liquidators will NOT be accepted. You lose your Amazon selling account.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:48 PM.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top