Trader Joe’s is a favorite shop for those who like high-quality foods at a great price. However, one family loves Trader Joe’s from a “retail arbitrage” standpoint, meaning they buy an item from Trader Joe’s and resell said item for more money, thus earning a profit. In fact, the Herbert family made a whopping $30,000 reselling a single Trader Joe’s item.
Juston and Kristen Herbert wanted to ditch their 9-to-5 jobs to raise their two kids and save for future adoption fees. The Herberts turned to reselling secondhand items from thrift stores via Amazon. They then created private-label brands for yoga chairs, baby headbands, and cosmetics.
In a now-deleted YouTube video on their channel Flipping Profits, the Herberts explain why Everything But the Bagel became their cash cow. The demand is always high, Trader Joe’s is always selling it, and the seasoning always costs $1.99 in store.
Since the Herbert’s Trader Joe’s video came out in December 2018, and was viewed over 100,000 times before being taken down, the market for Everything But the Bagel on Amazon has been saturated now that people are trying their hand at retail arbitrage.
Anyone can resell online, according to the Herbert’s media relations spokeswoman Andrea Sims, who spoke to The Kitchn.
Favorite #Whole30 breakfast this week: baby spinach and mushroom omelette with Trader Joe's everything but the bagel seasoning. Felt like I was eating at a hotel! pic.twitter.com/RZ198kJdBd
— Stephan Hovnanian (@stephanhov) February 22, 2019
“A lot of my friends sell [multilevel marketing] products like Rodan + Fields, Young Living and Doterra, but I wanted to show that there are other ways to make money in your everyday shopping,” Kristen told Money.
I went to Trader Joe’s to buy three avocados and lettuce. pic.twitter.com/jyeddiIJAK
— Danny Deraney (@DannyDeraney) February 26, 2019
Kristen urges her followers to think outside the box. What’s something else from Trader Joe’s that everyone loves?
me: 🙁
— Cool Gay Aunt (@thegaycatalyst) February 20, 2019
Trader Joe’s:
* * . * . * . *
. * . * . . *
* * 🌻🍎🥑🍌🥦 * .
* . * * . . *
. * . * . . *
me: 🙂
I mean…
trader joe’s pomegranate green tea is elite
— . (@bfkese) February 18, 2019
watching bojack, eating trader joe's brand spaghettios, and grappling with my mortality instead of studying pic.twitter.com/bofQnGmeLU
— jár (@jarodzsz) February 19, 2019
But if you’re willing to commit yourself to an interesting side hustle, the Herbert family has all the info you need to get started.
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