A MAN has been slammed for bragging about making £100 in minutes from clearing the shelves of children’s toys.
Known only as @resellrepublic_ online, the self-proclaimed “entrepreneur” took to social media to share details of his retail arbitrage.
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Retail arbitrage just means reselling a product on for profit.
It is completely legal in the UK, as, once you own an item, you have the right to resell it.
In a TikTok video, the reseller showed viewers how he makes cash, by heading to the clearance section of his local children’s toy shop.
“Here’s an unethical but completely legal way to make £100 in minutes”, he said.
Using an app called BuyBotGo, he scanned each item, and the app told him how much they are selling for on Amazon, and how many times they have been sold in the past month.
The reseller piled his trolley high with Spider-Man toys, Pokemon games and even toys made for newborn babies.
“It’s like taking candy from a baby”, he cruelly joked.
He explained that he would then resell the products online for triple the price and said he would make around £100 from just a few minutes of work.
The reseller will make a profit on the items by reselling them using Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storing, packing and shipping of your products.
So all he will have to do is send the products off to Amazon and wait for the money to roll in.
The video has likely left many open-mouthed, as it has gone viral, racking up over 97,000 views.
TikTok users raced to the video’s comments section to share their thoughts, with many suggesting that the reseller’s actions were selfish.
One person said: “You’re genuinely a horrible person”.
What is retail arbitrage and how does it work?
Retail arbitrage just means reselling a product on for profit.
It is completely legal in the UK, as, once you own an item, you have the right to resell it.
Using an app called BuyBotGo, resellers scan items they find in the supermarket, and the app tells them how much the products are selling for on Amazon, and how many times they have been sold in the past month.
The reseller will make a profit on the items by reselling them using Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storing, packing and shipping of your products.
So all the reseller has to do is send the products off to Amazon and wait for the money to roll in.
Another person said: “You’re stealing from impoverished children”.
A third said: “Wow….. just when you think people cant get lower.”
A fourth added: “You could just get a job.
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