[Moma]

(07-31-2012 02:08 AM)OGNorCal707 Wrote:  

This is kind of a stretch, but are you into the fashion scene in your country/city? If you know people that own clothing stores in London, say stores that cater to the hip-hop or possibly hipster crowd, you can buy clothes for cheap(er) in NYC with USD, then take those clothes maybe denim, t-shirts, hoodies, hats, etc., and sell them for British pounds upon arrival back in London. It might take a bit of leg work and risk a little money, you might have to try to hustle some to your friends/family or even through concerts/events, maybe try to hit some stores before and pitch them the idea.

From what I understand British pounds are worth much more than USD, last I heard the exchange rate was 1 pound = 2 USD. You invest $500 British pounds, which gets you $1000 USD, you take that money and buy up a bunch of clothes, you get the hook up from the young cats coming up with the screen print business, or the connects on the raw denim jeans. You get the t-shirts for $10 USD a pop which is only $5 British pounds (your money), you then sell those same t-shirts for $15 British pounds wholesale to the clothing stores (equivalent of $30 USD). So if we're thinking in things of USD you make a profit of $20 per t-shirt, if you get a hundred t-shirts for a $1000USD, and you make $20 dollar profit per shirt X 100, you make a net profit of $2,000....

This seems like quite a good idea. I had the idea when I first went to the retail outlets in Buffalo and saw clothes and shoes dirt cheap. I was thinking of getting a business going with my cousin or one of my friends.
Of course the exchange rate is not as high as before as Vorkuta says but I believe one can still get a decent markup.

I believe Timberland shoes cost about 100 quid or more in London and these are just the basic beige ones.

I bought my first pair in Buffalo for 35 dollars. Then I bought a second pair and sold them to some Jamaican guy at work for 100 dollars.

He was pleased with the purchase. Now that's what's up.