Let’s check out Hobby Lobby as a retail arbitrage source….
Let’s check out Hobby Lobby as a retail arbitrage source….
Retail Arbitrage at Hobby Lobby for Product to Resell
Entrepreneur Girl Tracy takes us along for a trip to Hobby Lobby for retail arbitrage to find product to resell on Amazon and eBay.
Tracy mentions that Hobby Lobby isn’t a great place for retail arbitrage for the regular priced items they sell; however, they do have good sales with heavy discounts that can make it worth the retail arbitrage trip.
In the video she shows what types of products Hobby Lobby offers as Tracy walks up and down the aisle. Her reminder is to use a scanning app on your smart phone along with a scanning fob that connects to the smart phone if you have one that makes scanning faster and easier.
Hobby Lobby has sales every week, so if a product is not on sale one week then chances are it will be soon that it is on sale. Be sure to check their online sales ad to see what is on sale so you will know what to look for when you visit Hobby Lobby for retail arbitrage. You can also print coupons to bring in for regular priced items. You can even download the Hobby Lobby app on your smartphone and can pull up a coupon code on the application to show the cashier for the discount.
Always check the clearance racks, you never know what will be there. Tracy found an item on the clearance shelves that had a $6.50 profit on it. Even though it wasn’t the $10 profit minimum that she is looking for but since there was 15 of them there, it made it worth her time to go ahead and get them because it was $6.50 x 15 = $97.50 in profit.
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part 4- http://www.podcastchart.com/podcasts/selling-on-azon/episodes/soa85-entrepreneur-girl-interview-part-4-tracy-discusses-how-she-balances-her-retail-arbitrage-business-with-her-family-life
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