A man has been criticised for emptying the shelves of four different Asdas before selling products for £40 an hour profit.
Only known as @resellrepublic Online, he urged people to “stop working for minimum wage” and “get off their asses.”
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In a video shared on TikTok, the reseller told his viewers how he makes money with retail arbitrage.
Retail arbitrage simply means reselling a product for a profit.
In the UK it is perfectly legal, once you own an item you have the right to resell it.
The video shows the man going to his local Asda store and heading straight for the sale.
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Using the BuyBotGo app, he scanned a number of pans. The app told him how much they were selling for on Amazon and how many times they had been sold in the past month.
When he discovered he could make £15 profit on every pan he sold on Amazon, he cleared out all the shelves.
The man then walked past three more Asdas and repeated the process, loading his shopping trolley with the discounted pans.
After four hours, the reseller calculated that he had bought enough pans to make a profit of £165, which meant he was making £40 an hour.
The reseller makes a profit on the items by reselling them through Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storage, packaging, and shipping of your products.
So all he has to do is ship the products to Amazon and wait for the money to roll in.
The video has likely touched many people, as it has already been viewed more than 1.8 million times on the video platform.
TikTok users rushed to the video’s comments section to share their thoughts, with many calling the reseller selfish.
Someone said, “There’s nothing left on the shelves for the people who are struggling economically right now.”
What is retail arbitrage and how does it work?
Retail arbitrage simply means reselling a product for a profit.
In the UK it is perfectly legal, once you own an item you have the right to resell it.
Using the BuyBotGo app, resellers scan items they find in the grocery store. The app then tells them what price the products are selling for on Amazon and how many times they’ve been sold in the past month.
The reseller makes a profit on the items by reselling them through Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storage, packaging, and shipping of your products.
All the reseller has to do is ship the products to Amazon and wait for the money to roll in.
A second person said, “Your attitude stinks.”
A third person said, “Oh great, just clear all the shelves.”
A fourth said: “The people who need the offers can’t get them because you’ve cleared the shelves in all the shops in the area.”
A fifth responded: “It shouldn’t be allowed to make these kinds of big purchases, I think it’s selfish.”
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