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Million-Dollar Idea: Reselling Grocercies

[ 0 ] Nov. 14, 2013 | SBO Editor

Entrepreneur Suzanne A. Wells buys groceries, marks them up, and turns them around on Amazon. “This business model works on the concept of scarcity: The less there is of something, the more people will pay for it. I sell things like specific, hard-to-find flavors of Crystal Light drink mix, hard-to-find gluten-free products, or specialty baby formula,” she says. “We scout out our local stores to find products we can sell for a profit on Amazon.” Last year, she sold 100 boxes of limited edition candy corn Oreos for $25 per box. Her cost at the local grocery, $3 each.

Thanks to the NFIB for this info.

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Category: Features