Nikonomics - The Economics of Small Business 246 - Costco's Big Secret: How to Buy Everything 90% Off with Shannon Jean
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Oct 22, 2025 Shannon Jean, a serial entrepreneur and auction reselling expert, reveals his secrets to profitable reselling through liquidation and auction deals. He shares the essential commandments for success, emphasizes the importance of building credibility before diving in, and suggests using Costco liquidation for great bargains. Tips on seasonal arbitrage, spotting low-risk pallets, and effective live selling strategies make this an invaluable guide for aspiring entrepreneurs. Shannon’s insights could transform how you think about buying and selling!
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Play Seasonal Arbitrage
- Use seasonal arbitrage: buy out-of-season items cheaply and sell in season.
- Example: buy paddle boards or outdoor toys in winter and sell when demand returns.
Avoid Overcrowded Categories Early
- Avoid hot, highly competitive categories like consumer electronics and vacuums when starting.
- Prefer bulky, boring, or commoditized items where margins and buyer pools are steadier.
Exploit Retail Acquisitions And Clearance
- When retailers are acquired or clear inventory, watch for deep liquidation lots.
- Work backwards from a realistic sell-through estimate and set a max bid you'll be happy with.
