Teenage dealer earns nearly $ 2 million from PS5 and Pokemon card sales
Two of the hottest items over the past year have been Sony’s next-gen video game console, the PlayStation 5, and the ever-popular Pokemon Trading Card Assortment. Both products were particularly successful in the resale markets, as many customers were looking to get their hands on the video game console and various collectible cards at almost any price. And to that end, a notable dealer was able to take advantage of the market’s desire to earn nearly millions.
In a new Wall Street Journal profile, a teenager named Max Hayden was able to pose as a villain when it comes to the PS5 and Pokemon card resale market. To date, Hayden, who is only 16 and still in college, has been able to earn almost $ 2 million in total from these sales. Specifically, Hayden’s total sales have amassed around $ 1.7 million with no signs of slowing down.
It’s worth pointing out that while Hayden totaled $ 1.7 million in sales, that’s obviously not the amount he actually pocketed. Hayden clearly needed to purchase several of these items in the first place before returning them to other buyers at a higher price. As such, he only made $ 110,000 in actual profit.
Yet Hayden’s story reflects how much things have changed in recent years. Resale markets, especially with niche items like this, have grown massive, especially in light of the global pandemic. As such, sellers like Hayden have been able to capitalize on buying trends in this way to the tune of literally millions of dollars.
So what do you think when you hear about stories like this? Does this drive you crazy, or do you agree with someone who is financially successful in this way? Let me know your thoughts in the comments or hit me up on Twitter at @ Mooreman12 if you want to chat further.