CASH IN
‘None left for those struggling’ people cry as man brags about clearing Asda shelves so he can pocket £40 profit an hour
Scroll down to find out whether retail arbitrage is legal in the UK
A MAN has been slammed for clearing the shelves in four different Asdas, to sell products on for £40 an hour profit.
Known only as online, he urged people to "stop working for minimum wage" and to "get off" their "a**".
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In a video shared to TikTok, the reseller shared with viewers how he makes money from retail arbitrage.
Retail arbitrage just means reselling a product on for profit.
It is completely legal in the UK, as, once you own an item, you have the right to resell it.
In the video, the man can be seen heading into his local Asda, and making a beeline for the clearance aisle.
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Using an app called BuyBotGo, he scanned some pans, and the app told him how much they are selling for on Amazon, and how many times they have been sold in the past month.
After discovering that he could make £15 in profit for each pan he resold on Amazon he completely cleared the shelves of the product.
The man then headed to three more Asdas and repeated the process, piling his trolley high with the discounted pans.
After four hours, the reseller had calculated that he had bought enough pans to make £165 in profit, meaning that he had earned £40 an hour.
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The reseller will make a profit on the items by reselling them using Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storing, packing and shipping of your products.
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So all he will have to do is send the products off to Amazon and wait for the money to roll in.
The video has likely struck a chord with many people, as it has racked up over 1.8 million views on the video sharing platform.
TikTok users raced to the video's comments section to share their thoughts, with many branding the reseller selfish.
One person said: "There's none left on the shelves for the people struggling in the economy right now."
What is retail arbitrage and how does it work?
Retail arbitrage just means reselling a product on for profit.
It is completely legal in the UK, as, once you own an item, you have the right to resell it.
Using an app called BuyBotGo, resellers scan items they find in the supermarket, and the app tells them how much the products are selling for on Amazon, and how many times they have been sold in the past month.
The reseller will make a profit on the items by reselling them using Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storing, packing and shipping of your products.
So all the reseller has to do is send the products off to Amazon and wait for the money to roll in.
A second person said: "Your attitude stinks".
A third person said: "Oh brilliant, just clear all of the shelves".
A fourth said: "The people who need the deals can’t get them because you have cleared the shelves in all of the nearby stores".
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A fifth chimed in: "You shouldn’t be allowed to bulk buy like this, I think it’s selfish".
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