Are you sure you want to delete this post?
So I was talking with a friend the other day about what people used there stimulus money on. He said most everyone he knew used the money on something frivolous and not what you'd think when considering what was going on at the time it went out. He couldn't recall anyone who used it on bills or necessities, which is a good thing in my opinion. I'm glad they didn't have to.
On the other hand, I have a another friend who used his stimulus to purchase a good amount of gaming counsels to flip for a profit online. I won't go into detail as to which counsel or what he was charging, but it wasn't a scalper price. It was fair considering supply and demand and the luxury of delivery. All in all, he made about $400 in profit off the deal. He then took that money and began purchasing other items offline (mostly from china at a low cost) and selling them at a profit as well. He now has a somewhat sustainable business running out of his living room. Cheers to him for taking the opportunity and making it more than what it began as.
Stimulus money aside considering it's such a rare event, this has me curious. I have done my fair share of online shopping through eBay and always see a ton of sellers doing this exact same thing. I've even sold a good amount on there as well and know for sure there's money to be made. So why don't more people do it? Purchase items in bulk at a discounted rate, then sell them at a profit. Even if it takes a while there's still equity you'll get in return at some point. It's not hard to do. All it takes is a little preparation and a bit of extra time to plan for packaging and delivery dates you must stick to. All of this can be done right from your house.
Does anyone do this? As I said, I've done it many times before, but it's been a while since I thought about it prior to just the other day.