A Hustler's Guide to the Fastlane - by Michael Grey.

[GuestUser140]

Hi guys,

This is going to be of considerable length but well worth it for many.

After reading on this forum, reading TMF and especially Ryan's killer topic "A Hustler's Guide to Buying and Selling Everything", I started out likewise 6 months ago with $1250 to my name.
The general Goal? To prove that hustling can be fastlane. Scale it.

This thread will document my journey, ask me anything you want.
- I bought all kinds of electronics below market value and flipped them on Craiglist. - Started focusing on particular high-end devices that sell well.
- Contacted wholesalers, kept flipping the products on CL at a mark-up. Much less hassle than buying separately from private individuals.
- Currently (6 months later) buying $18k worth of stock weekly, sell at 15-35% margin. Last week's net profit was $3000. Invest everything back into it. Next week will be a $20k+ order with around $3750 net profit. Got a wholesaler sales rep. who's willing and able to take me to $150,000+ orders/week, at which point I'd profit $30,000/week.
- Started putting ads up in a different city, allocating one day per week to bundle all deals in that city.

I spend 15-20 hours/week on this, but honestly don't count the hours. I'm currently making a pre-tax profit of $10,000/month with no signs of slowing down.
Good money and I'm grateful for it every day, but I'm hungry and nothing is enough till I'm free. Also, it's not fastlane yet (need SCALE & TIME).

My specific Goal? I'm 21 years old and I want to be worth $500,000 15 months from now.
At a $25,000 profit per month, the business would have made $375,000 profit in 15 months, and it should be worth $300k+ on its own. That's $700,000 before taxes.

The Next Steps?

1. I will put up CL adds in all the big cities in a 100 mi radius to make sure stock keeps selling fast. REALIZING THIS ISN'T A SELLABLE BUSINESS, I NEED TO OPEN RETAIL LOCATIONS.

2. Open a highstreet retail location. If it goes well, hire & train an employee (or 2). Keep selling on CL, I have nothing to lose.

3. Work ON the business instead of IN it, divorce it from my time. Open more retail locations. Reinvest everything. Ultimately, sell it all.

Long a$$ post, but may this become an inspiring journey and a thread filled with golden nuggets.
I consider myself a beginner, but ask me anything you want to know.

My question:
Any guys here who experienced success with a retail location? What are the pitfalls?
Any pointers on how to open one?

All the best,
Michael

 

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[GuestUser140]

Golden ideas for you:

$40 NOW > $65 TOMORROW
Why? A) Most people are unreliable at best, don't put deals off. B) $40 invested in new stock can yield another $40 tomorrow => This alone is worth a car at the end of the year.

-Don't get high on your own supply.
Yea, you love that shiny X-Box and since you have bought a few, why not use one for a week? Sell it, fastlaner. You're saving up for one hell of an expensive thing: FREEDOM.

-Demand FIRST, margin later.
Remember MJ's Book: units sold x margin x time? Work all 3 factors, but units sold & time are KEY. Your margin will get better as you buy more and more from your wholesaler.

 

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[GuestUser140]

I also do hand out business cards when I make a sale and ask their bank account number.

They're surprised at first, but then I tell them they get $25 cash back within 14 days if they refer a friend to us.
After all, many people are looking for the product that we sell, at a reasonable price.

Some customers have even started to buy my product in bulk at a discount, and sell it on to "friends & family".

Handed out 50 cards in the past two weeks or so, these made me an extra $1,000 in profit.

 

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[GuestUser140]

your progress so far is encouraging! well done. I'm 22 and I'm kicking my self in the butt for not taking the initiative to do something earlier!

You're selling tech items, that's something EXTREMELY difficult to sell in my country as the competition is RIDICULOUSLY high.

22 is young. Come on, you'll be working with $50,000 in no time.

I guess (is this correct?) Asia is prominent over there? What's people's opinion on Chinese goods? If I were you, sell brand items in used but great looking condition. I do the same. People don't care about a $2 or $5 iPhone accessory, unless they buy on eBay.

eBay is overtaken by the Chinese when it comes to products up till $15. It's pretty straithforward for a Chinese seller to appear Australian, even on a website with strict rules such as eBay. They can look like mom & pop stores selling from the Goldcoast, while they are packing up phone cases in foggy Hong Kong.

How did you find a supplier/s so quick with limited capital in the begining?

I didn't. Took my $1250 from stocking shelves at the supermarket and looked on eBay / CL. I bought individual items, it took me 3 months to get to $5,000. Contacted wholesale companies, bought $3500 worth of stock - limit your risk by exercising due diligence!
Have done business with three wholesalers, now stick with only one. Since my margin is +- 20% and I reorder weekly, 3500 became 5000 orders, then 6500, 7600, ...

Are you selling in large quantities or are you making a decent profit of each product sold in lower quantities?

I sell one unit at a time 99% of the time. I give people better prices if they are looking for 2, or if they bought from me in the past. There are 2 customers who've bought 10 items at a time at $50 profit, multiple times. I give them a serious discount as I have nothing to lose.
-> See Ryan's barter tricks: "he who names a price first, loses" NEVER name a price first if the guy wants a better price than advertised.

Why are customers purchasing from you instead of ebay where they can potentially find the same product for same/cheaper/similar price as well as have payment security?

They want to meet up in person and hand over money ONLY after having seen/tested the product.

I'm in Australia so our markets are different on what's in demand I guess.

Yeah, but still. People buy stuff all the time. Find out what they need/want, and go from there. Don't buy snowmobiles if you like them/can get them at a good price, but because THEY want or need them.

How's life in Australia by the way? Where are you based?

 

[GuestUser140]

Hi guys,

This will be an intermezzo, an update on all the important things I've learned since starting this thread. To me, this is solid gold.

1. Success is a crooked line, even little success.
​

In an ideal world, I sell out all stock weekly. I then buy more, using the profits from last week, and 3 days later my order arrives. Rinse and repeat, no limits.

However, opportunities are lost ALL THE TIME:
- Defective items have to be repaired under warranty, lose all profit on that sale.
- Shipments arriving after the weekend when weekend = selling time.
- Bank guy forgot to submit my credit line increase form. Just found this out 12 days later.

NEW opportunities come along, just like that:
- A few customers buy in bulk. After 5 months, $60/sale sucks. Now it's at times $30 x 10 units, same time investment (15 minutes).
-A customer of mine (woman, 40's) now buys in bulk: 15 units at a time and growing. I make 1000 USD per week off her. She has ambition to file for a business ID if it continues to go well. She's very customer oriented, much better with nagging people than I am. I might convince her to open her own store. Since she's not an employee as such, much less micromanagement than employees. Don't have to deal with the minutiae of customer problems.

Even little success is one hell of a bumpy road. There is no smooth sailing, never. Anyone experience desensitization to downs, but also ups? I seem to.

2. On happiness. Must read.​

I thought $10,000 / month would be the dream.
Now that I'm here, a $120,000 orange Lamborghini Gallardo Spyder still seems so far off. I have ZERO patience. I hate having to wait, sit around. I'm restless (in a negative way I think...) as long as I'm not financially free.

What do I do during down time (because I still don't have enough cash to buy all the stock I need weekly)?
I lift weights, and I write out the Facebook post I'm going to submit when I've "made it". A positive message directed towards my closest friends who think I took a one way ticket to Siberia this year. Figuratively speaking, of course.

Something that might help a lot of you:

Rob Dahm's story. Here you go:

Secret to Success - Rob Dahm | Secret Entourage​

The guy is living a great, happy life, and is in my eyes imensely successful making perhaps a $150,000 annual net profit? He's been doing that for 10 years now, was patient and finally bought his dream car. Makes you appreciate how much $150,000 actually is.
My impatience and restless got better by watching his videos:

What I do for a living to afford a Lamborghini. - YouTube​

How to buy a Lamborghini. Part 1 - YouTube​

Look, I intend to reach the $125,000 in-the-bank-mark by Dec. 31. I will feel genuinely confident and take a month long trip abroad, I don't want to burn-out. Seriously, it's a pretty tough life, and this is coming from a guy who's about to deadlift nearly 400 lbs. for reps tonight.
$125,000 (+- €100,000) will give me room to breathe and think what I really want to do business-wise. Direct customer contact is boring and makes one insensitive to new people after a while.

As said, I want something bigger. I want to go to the US in February and see if it's possible to do something similar: me being the teacher/wholesaler to stores / like-minded individuals who want to take this to the next level. I wouldn't even care about me taking only 25-30% of the profit margin. I know there are a lot of youngsters out there who have the dedication to build up success. Who knows where this could go?

There are always alternatives out there, too. I would love to buy a house, rehab and sell I love interior design and know what it can do with the value of a house. I know of an established business owner (totally different industry than RE), who does this "as a hobby" with relatively inexpensive houses. He lets teenagers do 80% of the easy work as a summer job. Reading up on RE (books, fora), working together with him to learn the ropes, is something I see myself doing in a few years' time, if not next year. It requires less day to day (or should I say hour to hour) running around to make a buck.

This was long, and it helped me personally get to grips with a few thoughts of mine. You don't have to reply, and next time I'll keep it shorter :')

 

[InLikeFlint]

Your spacing made a seemingly long post easy to read, can't tell you how annoying it is to read a giant wall of text that lacks paragraphs.

First off, CONGRATS! You went from under two thousand to your name and are now rolling in the money at a substantial linear rate! That is nothing to scoff at, so take a moment to pat yourself on the back for coming this far!

Welcome to the forum!

Two questions I have for you:

How did you find a wholesale supplier?

What electronics are you selling?

I'm currently 17, but a little over a year ago my buddy and I got together and wanted to start a resale business for electronics - apple products, droids, xbox 360s, etc and we went through probably 20+ suppliers from wholesale websites and despite "official licenses" they all ended up to be fakes.

Glad to have you here, and I will definitely keep up-to-date with this thread!

 

[GuestUser140]

Welcome to the forum!

Two questions I have for you:

How did you find a wholesale supplier?

What electronics are you selling?

Thank you, I'd been reading here for a few months but frankly wouldn't post before I had done something.

No disclosures before I made it. It's not important anyway, it could be done with ANY high-demand product.

Second question, I'll walk you through in detail.

How to find a wholesaler?

YOU NEED/CAN USE extras that add $15-40 perceived value to you product, yet cost you $2-8/sale.
Go to Aliexpress. In short: don't buy fake, you'll be fined eventually. I'd rather spend $150 on pastries than on fines.
Don't buy chargers that don't meet your country's safety regulations. DONT buy "third party" batteries or chargers. You don't want a charger to burn up in someone else's house or your own. Enough said.

I'm going to save your time & money right here, these two pieces of advice used properly is 90% of the game:

1. Don't waste your life buying-selling in the same market.
An analogy: when you visit a farmer's market, would you buy flowers at $1 at one stand, then set up your own boot a bit farther to sell them at $1.20? YES, your sales skills and marketing might work.Use those skills, but buy wholesale a $0.65.
2. Don't look too far for wholesalers of premium products (aka Microsoft X-box, Sony Playstation, ...). I'm going to let you think first, then give the answer. Who is currently retailing them online, used? Where?

I'm not native in English, but I'll try my best to elaborate if you so desire.


Michael

 

[CPisHere]

I love your quest.

I own a B&M retail store. I would strongly recommend you NOT go that route with this business.

The costs are VERY high and the benefit is very small for the type of business you currently have.

I won't discourage you, but you will learn as you go and likely end up changing course in several ways (and recognizing that your projected #'s don't mean anything). That's okay. Focus on the path and providing the most value you can and the end will work itself out.

 

[Soulipsyz]

,
- Currently (6 months later) buying $18k worth of stock weekly, sell at 15-35% margin. Last week's net profit was $3000. Invest everything back into it. Next week will be a $20k+ order with around $3750 net profit. Got a wholesaler sales rep. who's willing and able to take me to $150,000+ orders/week, at which point I'd profit $30,000/week.

So if I understand this correctly, you're selling and moving around $18K worth of stock a week? What is the average base price you sell each product for? You also say you want to get up to $150,000K a week?

Maybe I'm missing something here but I don't see how anyone could sell $150,000K worth of electronics a week on CL. The time spent alone delivering each product seems like too much of a hassle.

Why wouldn't you go with ebay? You'll get slightly less profit, but you'll save a lot more time delivering products and dealing with no-shows/customer problems.

 

[DeletedUser394]

How would you divorce it from your time? Hmmm. Not sure if this can be done with physical products. BUT, an information product like an ebook would be divorced from your time once you write it.

What is with you and physical products.. Of course it can be done with physical product... you can outsource and automate anything. Now whether you should is a different matter, but obviously it can be done.

So if information products are the panacea, can you show us your latest offering and tell us how well it's doing? Gracias.

 

[GuestUser140]

Depending on what you are selling, it may be better suited to sell on the Internet as opposed to a B+M retail shop.

Niche is smartphones, GPS, tablets, laptops. I sell only the 4 top sellers so far because I work with limited capital and want to make the most out of it. There's room for more, though.

I just listen to my customers. Most people want to try out the device in person, and ask questions before they hand over the cash.
I guess in the US, people are OK shopping online and spending $300-400 before they receive anything, but I people's mental limit here is like $150.

B+M retail = presence = higher sales volume.
I make good money listing as a private person on CL, though most people react "more people should know about this" when I explain it all during a transaction. I'm not known by more than 200 people atm. Imagine if 3.000.000 people knew about our business, which is a reality if I have 8-12 stores.
Nobody's doing the same in my country, I can see how retail operations selling new smartphones & tablets would buy up the business. If not, it should cash flow a lot. I would pay employees a low base salary, but generous commissions. Kind of makes us both happy.

1) I sell CL only - the alternative in my country, but it's entirely similar.
No eBay = less profit x more time to sell stock (2 things we all hate)

Have a neat website that's informational. Made a few sales on there, but that's been mostly through friends-of-customers & word of mouth. Still, they prefer pick-up.

 

[GuestUser140]

I'd like to share everything I've learned so far, but here a couple of questions I'd like to ask the community:

 

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[GuestUser140]

I'm going to send out some emails to these sites to see if they give up any information, I'll keep you updated.

In response to your reply earlier, if you are insinuating CraigsList or eBay then that is great but the prices are pretty exorbitant and they are nowhere near wholesale suppliers, it would be one product at a time, at a minimal discount

Ryan made $70,000 buying lots and/or from motivated sellers on Craigslist and reselling them on that same website
Follow his way of finding deals and you'll get there too.

Ebay is similar, although products sell for their market price. eBay is great to research prices though. I hear it all the time:

"I put it online for $xxx since I think it's worth that amount." Well, guess what, the market doesn't care.

One tip though:
Your $70,000 will depend on:
75% of you finding a good deal
25% of taking great pictures and writing compelling descriptions. Write as a private seller, act likewise on the phone. Especially in the beginning, people won't be offended at all if they find out you're a business. They love to hear they can always reach you in case they ever incur problems with their product.

Oh, and another one:
Buying on eBay: myibidder.com is a great automated bidding tool. Find deals, set your price, go. If you're strict about prices, you'll win 5% of the auctions.

 

[yaleinnovator]

Best of luck, where are you based in the US, and what are you doing exactly?

3-4 years from now? Impossible to predict.

Ideally, 10 B&M stores, $100,000/month. Set up more in a neighbouring country. Make it hands-off, set enough personal money aside, use it as an ATM or sell it.

But then again, when I have 1-3 stores making $20,000 total x 15 months and someone would offer $300,000+, I wouldn't hesitate. Unless I see much more growth potential.

Honestly, $500,000-750,000 would do it for me. I'd be able to live slow, enjoy life and travel around with that black '67 Mustang fastback I've always dreamt of having - among other things. I'd be able to pursue photography and not give a damn about the income. Same thing with organising local parties/events. I wouldn't lose sleep over profitability - of course it matters, but 500K in the bank can make one think things through slowlier.

You know what would make me feel great? Have a successful business (20k/m hands-off) here about 10 months from now, come over to the US and do the same thing there. Starting with little to show it can be done, taking everyone aboard who's got the passion and drive.

Optimistic approach, it sounds like a nice plan. I would keep it going and who knows how much you can make this grow. It all depends on you. Money is nice but the drive to succeed in your business, expand, and reach higher can be just as nice, while still allowing time for photography and travel. You seem level headed and I wish you luck.

I'm in the NYC area and in the Electronic Dance Music industry. Starting a major record label and event company, we launch U.S wide in two months with never before attempted talent and an uncontested market space.

 

[GuestUser140]

Are you talking sony/samsung real

Is Sony the first brand that comes to mind when you ask yourself what people buy a lot? Focus on what people want first, than go source it.

Never buy branded products over Alibaba. I'd love to be proved wrong on this one, but it's all fake. The Louis Vuitton, the HTC, the Omega Speedmasters, everything.

 

[GuestUser140]

TAKING IT TO THE FASTLANE.... IDEA, STRATEGY & ACTION BUCKET

To simplify it, there are two sides to analyze.

THE BUYING SIDE
If you look at it from a distance, one would say buying these things cannot be made fastlane other than buying from wholesalers.
I currently buy my electronics from wholesalers, but honestly, many are a joke. The sales rep of the company I order from told me he could supply in excess of $150,000 worth of stock, every week.

Which is a great deal, but guess what... now I'm ordering $20,000 weekly and I'm having problems getting enough stock. I have that wholesale company reserve stock in advance and even then it's getting difficult. It's hard to believe I'm just a small customer of theirs at this point in time.

I feel like I'm making them too much easy money. Come on, they know if they find stock a little cheaper than they charge, I immediatly jump on it and pay them. Their prices are the best around, but still. I feel like I want to get closer to the source and cut out the middle men.

My idea: a service that buys back electronics from the public. Exists in many countries, but not here. I know that my wholesaler gets 70% of their stock this way. They buy back at $60 below the price they give me, while I make $65 on my side when retailing them. Imagine me buying directly from the public and making $60 + $65= $125/sale.

Maybe I should build an online platform where people can get a price quote on their used smartphone / tablet / laptop, then they send it in, we pay them fast.
Dealing with stolen items wouldn't be a problem as we can access the necessary legal databases to check up on serial numbers that are blacklisted. Would this work?

One thing: I don't think people would accept the "low" prices we would give for their used stuff. If they put it on Facebook or CL here, they average my selling price. Does it make sense to offer $125 less to save them from the inconvenience of putting up an ad online / dealing with strangers / negotiating with friends about price?

I know you guys have brighter minds than I have. Let your ideas flow!

 

[adamhenry]

Here's my summary of this thread. @MichaelGrey or someone please correct me if I'm wrong.

Step 1: buy x on ebay and resell on craigslist, where x is an electronics item with a price point around $300, and profit per sale is about $60
Step 2: find a wholesaler for used (maybe refurbished?) x, and start buying in large quantities to sell on craigslist, also start selling multiples at a discount

Also in there somewhere is buying inexpensive add ons via aliexpress to increase resale value.

Let me know if this is right!

 

[pickeringmt]

How would YOU scale Craigslist selling?



How would YOU divorce it from your time, even if only partly?

Hey dude, just a thought - you should go eCommerce first.

Most people don't look at eCommerce as a viable channel for LOCAL business, but this would allow you to keep your overhead low while consolidating a your business into a "space" for people to find you.

You could start driving customers to your site. Even local PPC is cheaper, as are FB ads.

I think local eCommerce business is a big opportunity, and perhaps the future for many businesses.

 

[TopChef]

Inlikeflint: I was thinking the same thing while I was reading this. Very easy on the eyes. Well done Michael.

I would wonder why you need a retail location? If this is only so you can sell your business further down the line I would say this may not be a good enough reason to go B+M retail. Depending on what you are selling, it may be better suited to sell on the Internet as opposed to a B+M retail shop.

The negatives would be the added cost of the business lease, the cost of employees, the cost of benefits, equipment, theft, the loss of time training and monitoring your employees, etc. All of these things have a cost associated with them in terms of eating away at your profit margins as well as taking away your time to expand the business.


I have two questions:

1) What sales channels do you use? Are you solely selling through CL? Or are you doing Ebay too?

2) How broad is your niche? Are you selling just a few products in a targeted niche or do you sell many different niches at the same time?

 

[TK1]

speed+ given so you re not parked anymore

kudos for your actions and this amazing thread!!!

 

[GuestUser140]

Next tip:

Leverage Other People's Money to buy more stock

Business credit line > credit card


Not sure if this applies to the US

Business credit line (NOT a straight loan) allows you to go negative on your checkings account. You pay only interest on the amount you went under zero x days you did it.

- You DONT have to pay it back every month (<-> credit card)
- You pay 10% interest (<-> credit card 20%)*

Work with your own hard earned cash first, document everything (have an accountant help with this), then talk to your bank.

 

[GuestUser140]

How would YOU scale Craigslist selling?



How would YOU divorce it from your time, even if only partly?

This is difficult. You want to be the brains of your operation, because if you'd teach the whole process to someone else, you violate the commandment of ENTRY.

Still, you need your time to work ON your business instead of IN it after initial experience.

My thought: I source and buy stock, I advertise, I make the phone calls, someone else assists the buyer while he comes over and pays. That someone takes a commission per sale. You don't pay him by the hour, so negative cash flow is impossible.

Other ideas?

 

[GuestUser8117]

How would YOU scale Craigslist selling?



How would YOU divorce it from your time, even if only partly?

This is difficult. You want to be the brains of your operation, because if you'd teach the whole process to someone else, you violate the commandment of ENTRY.

Still, you need your time to work ON your business instead of IN it after initial experience.

My thought: I source and buy stock, I advertise, I make the phone calls, someone else assists the buyer while he comes over and pays. That someone takes a commission per sale. You don't pay him by the hour, so negative cash flow is impossible.

Other ideas?

How would you divorce it from your time? Hmmm. Not sure if this can be done with physical products. BUT, an information product like an ebook would be divorced from your time once you write it.

 

[Kopp]

Thank you, I'd been reading here for a few months but frankly wouldn't post before I had done something.

No disclosures before I made it. It's not important anyway, it could be done with ANY high-demand product.

Second question, I'll walk you through in detail.

How to find a wholesaler?

YOU NEED/CAN USE extras that add $15-40 perceived value to you product, yet cost you $2-8/sale.
Go to Aliexpress. In short: don't buy fake, you'll be fined eventually. I'd rather spend $150 on pastries than on fines.
Don't buy chargers that don't meet your country's safety regulations. DONT buy "third party" batteries or chargers. You don't want a charger to burn up in someone else's house or your own. Enough said.

I'm going to save your time & money right here, these two pieces of advice used properly is 90% of the game:

1. Don't waste your life buying-selling in the same market.
An analogy: when you visit a farmer's market, would you buy flowers at $1 at one stand, then set up your own boot a bit farther to sell them at $1.20? YES, your sales skills and marketing might work.Use those skills, but buy wholesale a $0.65.
2. Don't look too far for wholesalers of premium products (aka Microsoft X-box, Sony Playstation, ...). I'm going to let you think first, then give the answer. Who is currently retailing them online, used? Where?

I'm not native in English, but I'll try my best to elaborate if you so desire.


Michael

Im still waiting for the answer xD it is almost impossible for me to find a legit cellphone,vidoe games,etc.. wholesaler, no fakes...

 

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[InLikeFlint]

Im still waiting for the answer xD it is almost impossible for me to find a legit cellphone,vidoe games,etc.. wholesaler, no fakes...

I second this, near impossible to find legitimate dealers for high end products

 

[GuestUser140]

How would you divorce it from your time? Hmmm. Not sure if this can be done with physical products.

A brick and mortar that is operated by employees, but managed by you (shouldn't be underestimated) divorces you partly from each sale that's made.

I'm trying to think in this direction... how can I, with a physical product, distribute more?

I've also been thinking about selling online, but these types of electronics ($300+) require a decade long golden reputation before people around here would trust them.
On the other hand, I could contact daily deal websites to get rid of this "surplus" stock and set up an agreement.

 

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[InLikeFlint]

On the other hand, I could contact daily deal websites to get rid of this "surplus" stock and set up an agreement.

THis ^^

You should contact sites like QuiBids or something similar and offer to sell them your products at a slight (very slight) discounted price and offer a bigger discount when they buy larger orders. They go through auctions daily so I'm sure they need stock.

Just typing this out made me wonder where they get their current stock? Anyone have any ideas? I wonder if they would tell someone who asked...

 

[GuestUser140]

Im still waiting for the answer xD it is almost impossible for me to find a legit cellphone,vidoe games,etc.. wholesaler, no fakes...

I second this, near impossible to find legitimate dealers for high end products

Come on guys, you don't need to reinvent the wheel. It's probably right in front of your nose multiple times a week.

Think this way: "Which websites do consumers use to buy games online?"

A consumer does not type in "buy retail Fifa 2012" in Google. Instead, he visits websites he knows he can find used stuff on. Which ones?

 

[GuestUser140]

You should contact sites like QuiBids

Checked it out. We don't have it over here, but we have iBood.com

Quibids seems to be BIG. With such a warehouse, and even their own wholesale service (maybe a source to buy from?), it's probably better to buy from them than to sell to them.

Just typing this out made me wonder where they get their current stock?

My guess? A) Consumer buy backs à la "CASH FOR YOUR OLD GAMES/PHONE/...". B) Retail customer returns that cannot be sold as new anymore in stores.

 

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[InLikeFlint]

I'm going to send out some emails to these sites to see if they give up any information, I'll keep you updated.

In response to your reply earlier, if you are insinuating CraigsList or eBay then that is great but the prices are pretty exorbitant and they are nowhere near wholesale suppliers, it would be one product at a time, at a minimal discount