A British subscription service for scalpers also promises very high profits with graphics cards – and makes a large monthly profit from the subscription income alone
Hardware such as graphics cards and consoles are scarcer and more in demand than ever due to the lack of chips. In this environment, so-called scalpers do good business. But you can also earn very well from the scalpers themselves, as Jack Bayliss’ subscription service makes clear.
Those who use it for around 36 dollars a month are always informed when new goods are available for purchase on one of the more than 300 monitored shop sites. The package also includes assistance for automated purchases via bots. A service that will probably arouse some interest.
Over 500,000 dollars per year
Like Bayliss in one Interview to Sky News At the end of 2021, he has around 1,500 customers. Even if they all use the annual subscription with a discount of 17 percent compared to the monthly payment, he would already have sales of over 500,000 dollars per year with that alone.
In the interview he also explains his point of view and why he doesn’t feel bad about helping scalpers to get the goods they need. So if you don’t believe in such practices, don’t read any further – parts of Baylis’s answers might annoy you.
The founders of the Falcodrin service explained more about the background of how exactly such a service works in an interview with The Verge:
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Scalping turns young people into entrepreneurs
Bayliss states that many of his service subscribers are young people who thanks to him can take off as entrepreneurs. It all started with sneakers, but now customers can also buy hardware such as graphics cards and consoles at comparatively low prices and then resell them at a higher price.
So, according to Bayliss, they’re doing something that 90 percent of the population wouldn’t want to do, with great benefits. Some members have even been able to quit their full-time job to become a reseller:
They spend more time with their families, with their children. We have members who have been able to renovate their homes, buy their children a jungle gym, buy their wives new cars, buy themselves new cars.
At the same time, Jack Bayliss is not worried about the price increases of scarce goods. In his opinion, goods like the PlayStation 5 are not a necessity, but a luxury good. If someone is willing to pay £450 for it, Bayliss says the extra £100 going to the scalpers is marginal.
PlayStation 5 and Xbox Series X are stored here to be sold again at expensive prices. Source: Jack Bayliss via Sky News
Bot purchases are a thorn in the side of many
British Member of Parliament Douglas Champan sees things differently, according to the Sky report. The bottom line is that this is a question of consumer fairness, which also has an impact on the economy:
This is a situation where buyers are treated badly and they charge high premiums for goods that don’t even come with a guarantee or the right to a return or repair.
According to Sky, a spokesman for the British government has indicated that talks are being held with trade organisations. The aim is therefore to ensure that end customers are protected from automated purchases on a large scale. But if you consider how long these practices have been carried out in many countries around the world, including with regard to graphics cards, there is little hope of a serious improvement in the situation.
