The UpFlip Podcast

172. His $15 Million Guide to Ecommerce Success - Retail Arbitrage 101

32 snips
Feb 3, 2025
Chris Koerner, Co-founder of Texas Snax and CEO of cofounders.com, shares his incredible journey of turning $3,000 into a $15 million e-commerce empire. He dives into the world of retail arbitrage, explaining how to identify winning products and master logistics. Chris emphasizes the importance of supplier relationships and effective negotiation techniques. He also provides innovative business ideas for the future and highlights customer validation methods. This conversation is packed with actionable strategies for aspiring entrepreneurs!
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ANECDOTE

Golf Ball Business

  • Chris Koerner's first entrepreneurial venture was selling used golf balls at age 9 or 10.
  • He collected them from a nearby golf course and sold them from a wagon.
ANECDOTE

Texas Snax Origin

  • Chris and his cousin discussed the potential of Buc-ee's selling online.
  • They decided to buy one of every Buc-ee's product, create a website, and sell the items online.
ADVICE

Identifying Resale Products

  • Start by checking discount stores like TJ Maxx and Ollie's for clearance items.
  • Use apps to compare prices on Amazon and identify potential arbitrage opportunities.
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