Current Events > 16 years old bring in $1.7 Million in Revenue as a Pandemic Reseller

(+) Yeah! (+)

Max Hayden, a 16-year-old New Jersey resident, reportedly pulled in $1.7 million in revenue flipping out-of-stock items online during the pandemic, including video games and outdoor heaters.
In an interview with The Wall Street Journal, the teen entrepreneur talked through his booming online resale business, now a taxpaying limited liability company.
Hayden made $110,000 profit in 2020 buying and reselling anything from video games and consoles to outdoor heaters and above-ground swimming pools for about double the retail price, according to sales records and accounts viewed by The Journal.
Hayden was quick to buy items that could go out-of-stock during the pandemic and resell them to willing customers for steep prices. This included dumbbells and hair clippers, which became hot when gyms and salons closed.
Hayden reportedly devotes 40 hours a week to his online business - the rest of his time is reserved for high-school studies, he said. He's reportedly outgrown the garage in his family home and now co-rents a warehouse space nearby. He also employs two friends for $15-an-hour to help with enquiries and pack-up orders, he told The Journal.
Hayden is one of many consumers from Gen Z - defined by Pew Research as anyone born after 1997 - that are finding new ways to make money online.
Many of these young consumers, including Hayden, are reselling items on sites such as Amazon or Facebook Marketplace or on resale apps such as StockX, Depop, and Goat.
Depop previously told Insider that some of its younger users were making as much as $300,000 a year selling secondhand clothes on its app, enabling them to buy houses and cars before they've even reached college age.



https://www.yahoo.com/news/16-old-entrepreneur-reportedly-brought-101413442.html

Fuck these people and fuck people that buy from them

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what a shitstain

Wow and he can only afford to pay his friends $15 an hour?

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Rich gets richer.

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brb, bout to steal his business model

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"Teen scalps"

wow gee

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Fucking asshole

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"Kids these days are lazy and entitled with no ambition. At 16 they should be employed and earning money and getting ready for the world!" - society

"Wait no not like that!" - bitter beards

Good for him lol. Price policing is the most annoying trend born in 2020, stay in your lane

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Good for him.

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PoundGarden posted...

"Kids these days are lazy and entitled with no ambition. At 16 they should be employed and earning money and getting ready for the world!" - boomers

"Wait no not like that!" - consumer conscious millenials

Good for him lol. Price policing is the most annoying trend born in 2020, stay in your lane

Doesn't make sense to make claims about things you don't know about.

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Daniel_Berkhart posted...

He also employs two friends for $15-an-hour to help with enquiries and pack-up orders, h

smh already raking in big bucks and giving his friends pennies

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Fuck scalpers, this teen is prick for acting like that. What a greedy little bastard.


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Guide posted...

Doesn't make sense to make claims about things you don't know about.

"Waaaah, I want thing but don't want to risk getting a deadly virus! People should shop for me and risk death for zero compensation!"
- entitled salty rando CEman

The fuck outta here

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There was a guy around here who was doing this with toilet paper and they arrested him

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I'm gonna laugh when this backfires someway. Karma will get him.

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this was possible pre-pandemic and after pandemic fyi

and I am not talking about scalping

I mean like, go to a walgreens, find some walgreens marvel legends exclusives

you can sell them for more online because not everyone has a walgreens nearby

of course, hold for a year and it sells for way more

Mr_Karate_II posted...

I'm gonna laugh when this backfires someway. Karma will get him.

Or you could move on with your life and not get your panties all atwist over how a teenager makes a living.


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capitalism at its finest

looks like a future leader for the dystopian hellhole we're speeding towards.

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Sounds like a leech

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PoundGarden posted...

"Waaaah, I want thing but don't want to risk getting a deadly virus! People should shop for me and risk death for zero compensation!"
- entitled salty rando CEman

The fuck outta here

Who are you quoting? Nothing I said even begins to imply any of that.

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Guide posted...

Who are you quoting? Nothing I said even begins to imply any of that.

Don't expect good faith posting from him lol.

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PoundGarden posted...

Or you could move on with your life and not get your panties all atwist over how a teenager makes a living.

Found the scalper.

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justaguy3492 posted...

Don't expect good faith posting from him lol.

I don't, but I'll always be direct and honest in response.

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So he's a scalper. Fuck him.

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Guide posted...

Who are you quoting? Nothing I said even begins to imply any of that.

I mean I get being abbrassive and unpleasant for like no reason is your thing, but my point, which soared majestically over your head, was that people aren't factoring in many were unwilling to go shopping in 2020. Thus, if you want a luxury item during a literal fucking pandemic, it's gonna cost you if you're not willing to go out and get it yourself.

Not hard stuff, Greg. Try and keep up, or maybe take your own advice:

Guide posted...

Doesn't make sense to make claims about things you don't know about.

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Blame the people buying his products. How do you even fall for this?

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DirkDiggles posted...

Found the scalper.

"Found the adult that doesn't fall to pieces over how other people make money"

FTFY

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The fact he's paying his friends $15 an hour is fucking hilarious >_> What a dick lol

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PoundGarden posted...

"Found the adult that doesn't fall to pieces over how other people make money"

FTFY

Uh huh, Scalper.

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Most of the stuff was likely purchased online and many using bots, so fuck him and people like him who purposely created the shortages by buying everything up.

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PoundGarden posted...

I mean I get being abbrassive and unpleasant for like no reason is your thing

Is this, like, a meta joke, or do you not realize how you post? What about my response to you was abrasive*?

but my point, which soared majestically over your head, was that people aren't factoring in many were unwilling to go shopping in 2020. Thus, if you want a luxury item during a literal fucking pandemic, it's gonna cost you if you're not willing to go out and get it yourself.

You didn't make that point, though. You attributed a quote to me that had nothing to do with what I said, in response to what I said.


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This teen more than likely caused a lot of shortages, which is a dick move and makes him look like an asshole. Instead of helping people out during a pandemic, he chose to be a dick and be a scalper.

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Where'd he get the initial capital to even start buying up so much stock? Doubt he had the cash. Do banks give 5 or 6 figure loans to 16 year olds?

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UnlikedMonkey posted...

Where'd he get the initial capital to even start buying up so much stock? Doubt he had the cash. Do banks give 5 or 6 figure loans to 16 year olds?

Probably his mommy or daddys money.

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UnlikedMonkey posted...

Where'd he get the initial capital to even start buying up so much stock? Doubt he had the cash. Do banks give 5 or 6 figure loans to 16 year olds?

sell a few things

use all money to buy more

rinse and repeat and the number of money keeps growing

With that kind of markup, he better offer free shipping!

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Guide posted...

You didn't make that point, though. You attributed a quote to me that had nothing to do with what I said, in response to what I said.

You're right, that's my fault for assuming you'd be clever enough to understand. You tell me to stop talking about things I don't know about when you obviously don't grasp the simple concept of luxury items delivered to your door are gonna cost ya during a pandemic? The fuck outta here

That's on me, Greg. I should know better than to expect price police to recognize the irony of their whining.

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Mr_Karate_II posted...

Probably his mommy or daddys money.

You sure you want to be the guy throwing that accusation around?
Pots and kettles and all that

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Hes outsmarting the original sellers of the items

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GregShmedley posted...

Nothing about this is admirable or should be encouraged.

Funny, that's how I feel about grown men whining about a kid making money. Reeeeeeeks of jealously

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GregShmedley posted...

Read the room, dude. No one takes you seriously.

Oh no, a bunch of grown men upset at a teenager for doing better than them don't like my take. The horror.

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GregShmedley posted...

And I really can't believe you thought I was Guide. I knew you had a thing for me with how often you start shit, but that's just pathetic...unless his name is actually Greg.

Auto correct. But hey, don't flatter yourself, I honestly can't recall ever interacting with you. You're not memorable, is what I'm saying.

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Fuck scalpers.

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