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Side Hustle School

#1824 - Q&A: Can you import contact lenses for resale?

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Small Business, Careers, Entrepreneurship,, Entrepreneurship

4.73.3K Ratings

🗓️ 29 December 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

A listener thinks he’s found the ultimate arbitrage market—right before his eyes! Can he import contact lenses from outside the U.S. (where the price is much lower) and resell them at home? 

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

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0:20.7

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0:25.6

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0:34.8

There are some things that are much more expensive in some countries than others.

0:39.1

Simply because industries have lobbied for monopoly control or price protection for the government.

0:45.8

There are a lot of examples of this, and if you have traveled abroad a bit,

0:49.4

you might have noticed this yourself. One of the best examples is glasses and contact lenses.

0:56.1

I wear contacts, and when I was traveling abroad, much more regularly, I would always need to plan

1:00.7

to buy them when I was overseas. Inevitably, it was cheaper. I didn't need a prescription. It was

1:06.3

just easy, simple, and a listener discovered this recently himself. He saved a lot of money,

1:12.3

and it also got him thinking. Because I encourage you, listeners, always to practice the power

1:17.9

of observation and ask, what could the business opportunity be here? Why are things this way?

1:25.0

Might there be some way to profit from it? Maybe help some other people at the same time?

1:29.2

That's the ideal world. It got him thinking since the price is so much lower outside the US,

1:34.9

and a lot of Americans wear contacts, could he buy them in bulk while he's traveling,

1:39.5

or perhaps even pay to have them shipped over, import them, and start his own resell business?

1:44.4

You might be thinking there are a couple of problems here, and indeed there are. We're going to talk

...

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