2100
5 min 5 sec

Q&A: “I bought and sold 75 Peloton bikes…”

Today’s caller took advantage of the “pandemic Peloton” trend and resold dozens of them! He’s got a story for us, and he’s also wondering how to figure out what comes next.

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What It's About

This pandemic reselling hustle isn't just spinning its wheels.

Notes from Chris

Episode 2100
Did you know there was such a thing as the pandemic Peloton? This refers to the many, many people who purchased Pelotons (and lots of other workout equipment) during the early days of the pandemic, especially in places that had extended lockdowns or other hardcore restrictions.

Naturally, some people continued to work out every day even as things loosened up, but there were a lot of Pelotons just sitting around for a while, even as demand continued to be high.

Today’s caller took advantage of this! He’s got a story for us, and he’s also wondering how to figure out what comes next.

“I started buying and reselling Pelotons during the pandemic, and it worked really well. There was a time when people would pay higher than retail, even for a used bike. Then of course, the price went in the other direction when there were a lot more sellers.

On average I made $250/bike, and I could move several of them a week. It was fun! I've backed off because the situation is different now, but I want to keep doing some version of this.

Do you think it's best for me to wait for another opportunity like this one, or more proactively search for something that can sell in any market? If I knew something big was coming, I'd rather wait, but of course there's no way to know for sure.”

Listen to today's episode to learn more...

 
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Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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To infinity and beyond,

Chris Guillebeau