Originally Posted by
jdhnyc
Hi everyone. I've been looking into buying groups as an easy, legal way to generate spend with reselling, similar to PFS Buyers Club but on a larger scale. I haven't seen any posts on FT, except for one by one of the companies. I'd like to hear about people's experiences- success/failures, best groups, how taxes work on reselling, etc. Any and all comments welcome. Thanks!
interestingly enough, I’ve been buying and selling for the gray market for years now. Business has slowed down due to these buying groups and people accepting less than retail as payment for the sake of points.
Using some of the strategies in this forum, I’ll be creating a buying group soon enough. Payment will be made in vgc from Simon but that’ll allow us to build in a margin so we can at least pay above retail. For the time being we will take delivery to our office in Virginia and pay on the spot. If anyone is interested they can dm.