GNC's BIGGEST GLITCH of ALL TIME 🤯
This is how one user profited $36,000+ on a $650 investment due to a massive pricing error on Amazon 🧵
On March 21, we posted a link to the GNC store on Amazon where numerous items were mistakenly priced at $1.
Most of these items were sold and shipped by GNC. However, there was one specific item that was sold by GNC but shipped by Amazon, increasing the chances of delivery due to faster shipping times.
One user, @Flyingg__, managed to order 630 units of this item.
These items resell for $75-$80 on Amazon at an average rate of 266 sales per month, according to @SellerAmp.
Mr. @Flyingg__ just sold out of inventory last night.
In total:
- He spent $643.58 on these supplements
- He sold them for $75.99 each
- He brought in $46,470 in REVENUE
- He PROFITED ~$36,000 AFTER all fees
This guy turned $25 into $22,300 from a price mistake... 🧵
On February 14, we alerted our members that Home Depot mistakenly listed 2,500ft spools of Electric Wire for only 25¢. Each spool was supposed to cost $920.
One member in particular ordered 100 units. He goes by the name @Emanuelm716. 100 units x 25¢ = $25.
Est. arrival was only 10 days out, however at the time of the alert, our group cleared out ~1,300 units in less than 90 seconds. This caused Home Depot to put majority of the orders on backorder. Time went on. They ended up shipping 5 months later. They arrived on July 13.
Where do you sell 100 rolls of wire?
Each roll weighs 100 pounds. 100 rolls × 100 pounds = 10,000 pounds. Emanuel was looking for a quick sale as he didn't want to store these for long for obvious reasons. He found a local company that buys copper wire at $2.22/lb. Do the math.
Could he have got more? Probably. But for a $25 investment, it was good to let it go & roll profits into the next big thing.