"So people buy those items online."
An entrepreneur has created a £500,000-a-year business by spending hours in shops like Poundland looking for bargains and selling his purchases at a higher price.
Zain Shah, originally from Pakistan, also searches for bargains in Argos and charity shops after discovering he could resell many items at a higher price.
He first spotted a gap in the market after a customer asked for a specific set of earphones with a particular zip.
Instead of buying one pair, Zain decided to buy 20.
He quickly realised he could make a five-fold profit on them by advertising them for £9.99 rather than the £2 he paid for them.
Things snowballed and suddenly he found himself grabbing more deals and flipping them for larger profits.
Eventually, Zain generated enough revenue to kickstart his own business and in 2022, he made a handsome profit, earning £500,000.
This is in comparison to a decade ago when Zain was earning £7 an hour at a telecom company.
He says you cannot achieve anything without throwing caution to the wind.
Zain said: ”People might wonder why those people can’t go straight to Poundland.
”If somebody is living in a countryside, they don’t have Poundland close to them. So people buy those items online.
“The rule of business is if you’re not willing to take a risk you will always be working for someone who is willing to take a risk.”
In addition to his business, Zain has launched a YouTube channel to allow people to take helpful hints from his success.
In 2022, he revealed how one eBay user made £513 in the space of just seven days by reselling hanging baskets from Poundland.
Zain explained:
“That person has sold 86 of them within one week, he managed to make £513.42 profit, which is a very, very decent profit.”
The hanging baskets sell for £1 each in stores but the seller has been selling them online in packs of two for £13.10.
In total, the seller has sold 86 units.
Zain explains that selling the baskets in packs of two is a good idea as the postage costs remain similar but you can charge a higher price.
He then used a free eBay/Paypal online calculator to work out what the seller would have made in profit after shipping costs and eBay fees.
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