#138: Thrift Shop Arbitrage

Join Eric Schleien with the founders of Alluring Oddities, as
they share stories about their income-generating passion for
thrift shopping and what it took to make this side-project grow
and continue growing.


More than just a business, the founders treat their passion as a
venture wherein they can cultivate experiences for their friends,
loved ones, and Buffalo's whole community. Community over
competition is a general outlook that they endorse.


Learn more from their experiences as you tune in further to what
the founders have have to share.


 


About Alluring Oddities:


Alluring Oddities is a curated and cultivated gallery of mostly
60s or 70s offbeat thrifted treasures in Buffalo, NY. 


 


Outline of the episode:


[07:45] The fascination towards everything timeless in
condition.

[09:53] Make money out of it, not: get rid of it.

[11:03] More than just a business, it's a lifestyle.

[13:22] Alluring Oddities: a thrift store's gross margin.

[14:37] Set your brand different from others.

[15:30] The resurgence in Buffalo's market.

[17:03] Why interact with your audience? Why research? Why
benchmark?

[19:44] Connecting to peoples' stories through their
belongings.

[25:43] On price tagging.

[26:34] "Community over competition."

[29:22] What your venture will mostly need from you.

[30:06] Putting everyone's strengths at work.



 


Resources:


 


Bounty Hunter TK4 Tracker IV Metal Detector


Value Investing 2nd Edition


Principles Of Power


 


Thrift at or Donate to Goodwill


 


Thrift at or Donate to Salvation Army


 


 
About Eric Schleien

Over the past decade, Eric has trained thousands of individuals
including board members of public companies as well as several
Fortune 500 CEOs. Eric specializes in organizational culture and
has become a leading authority on organizational culture in the
investment industry.


Eric has been investing for 15 years and has been using
breakthrough coaching methodologies for over a decade. Eric had
the insight to combine proven coaching methodologies with
shareholder activism techniques to create an entirely new model
for shareholder activism that was more reliable and created
greater sustainable results in a rapid period of time. On
average, Tribal Leadership produces a 3-5x increase in profits of
culturally troubled companies within an average of 24 months or
less.


Eric currently resides in Philadelphia, PA.
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