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I replied to a thread about making money during the coronavirus pandemic, but decided to create my own thread to share what I did.
I have been making a killing selling freezers... those little chest freezers. I have already made $780,000 in profits in 6 weeks. They are pretty much sold out across the country. People have been buying them to store food, especially after the lockdowns started.
I have a contact at an appliance manufacturer. She has been holding stock for me for weeks. I have been buying freezers and immediately flipping them to appliance stores that are completely sold out and cannot order more because most manufacturers are backed up until May or June.
Once I sell my shipment, I turn around and buy more. I sell them to appliance stores close to the manufacturer's warehouse so they are shipped and delivered quickly.
I am about to order one last batch of freezers. If anyone wants to get in on this, let me know and I might be able to increase the order. I already have appliance stores waiting on my last batch.
The entire country is pretty much out of chest freezers for the next 3 or 4 months. Home Depot doesn't get any more until June. Lowes gets some in May. Even longer for smaller appliance stores.
In case you thought it, no I didn't price gouge the appliance stores.
Here are a few articles about this:
I replied to a thread about making money during the coronavirus pandemic, but decided to create my own thread to share what I did.
I have been making a killing selling freezers... those little chest freezers. I have already made $780,000 in profits in 6 weeks. They are pretty much sold out across the country. People have been buying them to store food, especially after the lockdowns started.
I have a contact at an appliance manufacturer. She has been holding stock for me for weeks. I have been buying freezers and immediately flipping them to appliance stores that are completely sold out and cannot order more because most manufacturers are backed up until May or June.
Once I sell my shipment, I turn around and buy more. I sell them to appliance stores close to the manufacturer's warehouse so they are shipped and delivered quickly.
I am about to order one last batch of freezers. If anyone wants to get in on this, let me know and I might be able to increase the order. I already have appliance stores waiting on my last batch.
The entire country is pretty much out of chest freezers for the next 3 or 4 months. Home Depot doesn't get any more until June. Lowes gets some in May. Even longer for smaller appliance stores.
In case you thought it, no I didn't price gouge the appliance stores.
Here are a few articles about this:
People in the Denver area are buying freezers faster than appliance dealers can restock them in coronavirus-related rush
Sales volume for freezers is particular has been up four or five times over a normal week
www.denverpost.com
https://www.woodtv.com/health/coronavirus/its-insane-C0VlD-19-response-leads-to-run-on-freezers/
Freezers selling out at appliance stores as people stock up on food
Manny Rovithis said his store recently got a negative online review from someone who came in for a freezer and was told the floor demonstrator wasn't for sale
www.masslive.com
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