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Coronavirus made me $780,000 in profit in 6 weeks

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MattR82

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It's unfortunate we can't hear more about the nature of the hookup you managed to get! Totally understand why you want to keep it private but that's kinda the secret sauce to your success here isn't it? That, and the fact that they honoured their agreement with you in the face of orders from the big players.

Says a lot for the power of networking and people skills! Nice job.
 

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BrandonL

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It's unfortunate we can't hear more about the nature of the hookup you managed to get! Totally understand why you want to keep it private but that's kinda the secret sauce to your success here isn't it? That, and the fact that they honoured their agreement with you in the face of orders from the big players.

Says a lot for the power of networking and people skills! Nice job.
Half of it is definitely the power of the relationship they have with my friend's company who does A LOT for their company.

The other half is what I offered them - obviously monetary compensation was part of it. A "big player" as you describe would actually cause him to make less profit for two reasons:

1. I added to his profit right away by compensating him for holding product.

2. Big players want a bigger discount than me, so the final price I paid was higher than the big boys.

In the end, it made more sense financially and non-financially to work with me. And because of the unique situation with the virus and the economy, he is not at risk of losing any big customers because the big customers clearly understand demand is through the roof right now and that all suppliers are out of inventory.

It was kind of a perfect storm. The manufacturer was more focused on profits right now because he knows his revenue will dry up soon and for how long no one knows.

So the smartest decision was to work with me.
 
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mikeyjd

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Hey MJ,

I'm not selling the remaining freezers. If anything I would connect someone with the manufaturer, but not many people have $375k laying around ;-)

But I agree - the forum should not be a source for a freezer.
I'll take the rest :somber:
 

Venn

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That sound insane! Really great job. I wouldn't even think about something like that.
 

Kak

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Adaptation! Nice!

Coronavirus is actually brought us into a new chemical class... Alcohols. We have a couple of trucks of of product and a couple of trucks worth of demand at our price. I don't like to count the chickens before they hatch, but this looks good.
 

DavidIonesi

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making a killing selling freezers
LoL! Ha! Ha! Ha! I didn't expect that. I was really curious to see through which avenue you made that profit. I didn't expect freezers to be a thing. I might consider buying stocks from companies that produce freezers Ha! Ha! (I'm joking on the last one, most probably the stocks already went up so there's no point in buying them, they'll drop after this recession)
 

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