#138: Thrift Shop Arbitrage
02/15/21 • 34 min
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
Thrift at or Donate to Goodwill
Thrift at or Donate to Salvation Army
About Eric SchleienOver 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.
Help Out The PodcastIf you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!
You can subscribe to the podcast on the following platforms:
CONTACT ERIC SCHLEIENFacebook | LinkedIn | Twitter | YouTube | GSCM | Instagram
Email: [email protected]
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
Thrift at or Donate to Goodwill
Thrift at or Donate to Salvation Army
About Eric SchleienOver 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.
Help Out The PodcastIf you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!
You can subscribe to the podcast on the following platforms:
CONTACT ERIC SCHLEIENFacebook | LinkedIn | Twitter | YouTube | GSCM | Instagram
Email: [email protected]
Previous Episode
#137: Eric Schleien & Rafael Resendes discuss how to value and measure the intrinsic value of Tesla (TSLA) and GameStop (GME)
Join Eric Schleien & Rafael Resendes discuss how to value and measure the intrinsic value of Tesla (TSLA) and GameStop (GME). Rafael Resendes is the portfolio manager & co-founder of Applied Finance Capital Management. To watch this on YouTube (which for this one, I would recommend) - you can click, here. Resources
- For listeners interested in some of the research presented on the show today, you can sign up for the monthly newsletter, The Valuation Edge.
- For listeners interested in actually modeling companies they can join the waiting list for the Intrinsic Value Tool.
- Value Investing 2nd Edition, on Amazon.
- Eric Schleien's Book: Principles Of Power: The Art & Wisdom of Badassery, on Amazon
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.
Help Out The PodcastIf you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!
You can subscribe to the podcast on the following platforms:
CONTACT ERIC SCHLEIENFacebook | LinkedIn | Twitter | YouTube | GSCM | Instagram
Email: [email protected]
Next Episode
#139: Eric Schleien & Norma Belenky Discuss Finance Podcast Week
Join Eric Schleien with his guest Norma Belenky, the Head of Events of Podbean, as they talk about the evolution of media, Podbean’s exciting podcast features, and most especially the upcoming Finance Podcast Week.
In this episode, Norma shares her story on getting into podcasting and the facet that sets apart a podcast. She also gives us a brief of the stimulating discussions, guests, and perks we can expect from Podbean’s event that every entrepreneur, investor, and alike will gain from.
Stay tuned to their talk to catch a glimpse of Finance Podcast Week’s exciting lineup for everyone.
About Podbean:
Podbean is a podcast publishing and monetization service, providing free and premium hosting packages for individuals and businesses. Podbean offers a user-friendly interface that integrates publishing, management, syndication, and analysis tools into an easy-to-use podcasting package.
Facebook: https://www.facebook.com/NormaJeanBali/
Instagram: https://www.instagram.com/normajeanlovesdoodles/
Outline of the episode:
- [01:12] What is Podbean, and what does it bring?
- [02:32] The upcoming Finance Podcast Week: Guests, Topics, and Program.
- [05:26] Elements of media changed by today’s podcasts.
- [08:54] The freedom in Podcasts.
- [09:41] Live features on Podbean’s Finance Podcast Week and what to expect.
- [13:08] The technology, integrations, platforms, and accessibility of today.
- [15:39] Ask the hosts, join in the conversation – Podbean Finance Week.
- [18:23] Live podcasts + Pre-released episodes of participating podcasters.
- [19:23] The dates to save...
- [22:03] On getting into podcasts and becoming a part of Podbean.
- [25:20] The community, collaborativeness, and openness that is in podcasting.
- [26:37] What needs to be a part of podcasting?
- [27:32] In the age of information overload, to stand out, you need to have...
Resources:
- For tickets, got to Finance Podcast Week
- More info about the Finance Podcast Week
- Podbean Live
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.
Help Out The PodcastIf you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!
You can subscribe to the podcast on the following platforms:
CONTACT ERIC SCHLEIENFacebook | LinkedIn | Twitter | YouTube | GSCM | Instagram
Email:
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