So this guy has 17-18k of hand sanitizer with no way to sell it.
On March 1, the day after the first coronavirus death in the United States, brothers Matt and Noah Colvin set out in a silver SUV to pick up some hand sanitizer. Driving around Chattanooga, Tennessee, they hit a Dollar Tree, then a Walmart, a Staples and a Home Depot. At each store, they cleaned out
www.yahoo.com
He first started out in Feb selling "pandemic kits" for 40-50 each.
He bought 2,000 of them for 3.50 each.
So that 7,000 buy-in got him 80-100K in sales. Don't know what his net was after fees and shipping. These kits contained 50 masks several small bottles of sanitizer and a thermometer.
Then he decided to go into the hand sanitizer business. He and his brother drove 1300 miles to clean out all the stores, in small towns, of all their hand sanitizer. He was trying to sell on amazon and ebay when, complaints about gouging banned the sale of selling
sanitizer.
This guy still thinks he was performing a public service.
"Current price-gouging laws “are not built for today’s day and age,” Colvin said. “They’re built for Billy Bob’s gas station doubling the amount he charges for gas during a hurricane.”
He added, “Just because it cost me $2 in the store doesn’t mean it’s not going to cost me $16 to get it to your door.”
But what about the morality of hoarding products that can prevent the spread of the virus, just to turn a profit?
Colvin said he was simply fixing “inefficiencies in the marketplace.” Some areas of the country need these products more than others, and he’s helping send the supply toward the demand.
He thought about it more.
“I honestly feel like it’s a public service,” he added. “I’m being paid for my public service.”
