
20. Flip Products for a Profit While Unemployed
Retail arbitrage is when you buy low to sell high, not unlike trading on the stock market except dealing with tangible products. And for introverts who enjoyed working from home before the 2020 crisis, retail arbitrage was a favorite field.
Retail arbiters may buy products cheaply at auctions, sometimes for pennies on the dollar. They may also find their products at yard sales, store liquidation sales, even pawn shops! They then sell them for significant markups on platforms like eBay and Amazon. If you think you might want to try this method of making money while unemployed, make sure you pay attention to how you will pay taxes.