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Two of the sources linked the increased Russian interest directly with reported Turkish plans to crack down on the transit of sanctioned goods. Some Russian firms have sought to establish long-term sanction-busting partnerships, the sources said. Under Russian law, it is an offence to comply with the Western sanctions and sanctions-busting has become a profitable boom industry for some entrepreneurs. Ankara also said it would not allow Western sanctions to be violated in or via Turkey and was taking steps to prevent this. Kazakh exports to Russia rose by a quarter to $8.8 billion last year and sales of some items surged.
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In addition to caregiving, she had to get a part-time job to help support her family. She's among the millions of Americans choosing to work part-time due to burnout, childcare obligations, and to earn extra income. Her solution involves a part-time job and two side hustles, but at least she feels some ownership over her time. Megan is one of the over 22 million Americans working part-time voluntarily, according to Labor Department data. "I can spend the rest of my life working if I want, but my kids are only kids for so long."
A deeper look at the company's billing practices revealed what appeared to be Medicare fraud, Pérez Aybar said. Fraud flourishesThat's just one of thousands of examples of how Medicare fraud is flourishing — not only in south Florida, but across the country. Taxpayers are losing more than $100 billion a year to Medicare and Medicaid fraud, according to estimates from the National Health Care Anti-Fraud Association. This convicted felon says Medicare and Medicaid fraud is "very easy" to get away with. The same pills could be sold and resold multiple times with different phony patients, billing Medicare each time.
Poshmark is a resale app that some entrepreneurs turn into six-figure side hustles or businesses. Insider spoke to two sellers who shared how they scaled their Poshmark businesses. It's easier than ever to start your own business or side hustle because all the tools you need exist online. Insider spoke with two Poshmark sellers who turned their side hustles into successful full-time businesses. If you have created a successful side hustle or six-figure business on Poshmark and would like to share your story, please reach out via email to jortakales@insider.com.
I started reselling used sneakers in the summer of 2022 to more easily afford my sneaker addiction. In other words, I started monetizing my used sneaker collection for extra cash to buy new shoes. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. I'll certainly take advantage of their periodic promotions on seller fees that I've seen be up to 50% off in the past. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.
Before he left football to sell Pokémon cards, ex-NFL linebacker Blake Martinez made millions tackling people. Over the course of his six-year professional career, Martinez amassed more than $28 million in earnings, even co-leading the league in tackles in 2017. He chose the cards, launching his company Blake's Breaks in July 2022 and committing to it full-time in November. Over the past seven months, it's brought in more than $5 million in revenue on collectible reselling platform Whatnot, according to documents reviewed by CNBC Make It. "I think there's more to my success than [my name]," Martinez tells CNBC Make It.
Reselling clothes and items on Poshmark can be a lucrative job or business for some users. For example, sellers can gain higher statuses as stylists or ambassadors when they promote other sellers' listings. Poshmark members, or "poshers," use a lot of phrases you may not understand if you're new to the community. ClosetA closet is a Poshmark seller's online store where they list items for sale. Users can share images and 15-second videos with their followers, similar to other apps like Instagram and Snapchat.
Live shopping in the US is expected to become a $25 billion market in 2023. Livestream shopping has been popular in China for over a decade, where the industry was estimated to be worth $305 billion in 2021, up from $63 billion in 2019, according to Coresight Research. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.
He has since learned the key things that set apart those who succeed and fail on Amazon FBA. But by 2013, he had taken interest in Fulfillment by Amazon after his brother, a toy seller on the platform, surpassed $1 million in sales. One thing Needham has learned from being an Amazon seller for over a decade is that the business is far from passive. Below are six key things he says could set apart the successful Amazon seller from the ones who fail. Another successful seller Needham knows will launch a slightly different product at all three price points.
San Antonio. You can buy homes for relatively cheap"A lot of people have overlooked San Antonio," Crenshaw said. January data from Redfin pegs the median home price in San Antonio at $255,000, which is less than half of Austin's $530,000. San Antonio — the fastest-growing large city in the nation between 2020 and 2021, gaining nearly 14,000 people, per census data — remains attractive to newcomers. Relocators get affordability in San Antonio, Crenshaw said, without sacrificing exciting nightlife and other big-city attractions such as museums and professional sports teams like the NBA's Spurs.
Shawn Castellanos earned about $150,000 during college by wholesaling homes with few renovations. Castellenos says he built his business without financial help and expects to earn $300,000 in 2023. "When you start talking about investing you're going to talk about real estate, because that's probably the best thing to invest in." The first house that Shawn Castellanos flipped in Dublin, Ohio, a 20-minute drive from Columbus. The interior of the house that Shawn Castellanos flipped.
Higher-than-expected profit from its trading unit, JERAGM, and stronger contribution from reselling some of the super-chilled fuel by JERA, one of the world's biggest LNG buyers, when its demand was lower, also boosted its earnings, Yoshida said. The revised guideline is based on an assumption that JERA will not receive the fuel from Freeport LNG, the second-biggest U.S. LNG exporter, by the end of March, according to Yoshida. The LNG company's plant shut after a pipeline explosion on June 8, 2022 and the restart has been delayed. In November, JERA President Satoshi Onoda predicted Freeport would resume a partial operation in mid-December and its shipments to be fully back by March. Despite the delay of Freeport's restart, JERA stuck to its 110 billion loss estimate from the fire, saying lower spot LNG prices are helping to offset an impact from the delay, Yoshida said.
Nissan is partnering with startup Relyion Energy to ensure its used Leaf batteries are put to good use. What happens when millions of used electric car batteries aren't useful in a vehicle anymore? Nissan will work with Bay Area-based startup Relyion Energy to retire batteries from its well-known Leaf EV, Relyion announced Monday. After all, used batteries are chock-full of valuable materials like lithium, nickel, and cobalt. Tim Levin/InsiderHow it works: Nissan will recover used Leaf batteries and supply them to Relyion.
Inflation and high inventory have created the perfect environment for new sneaker collectors. Sneakers are easier to getMost shoes have become relatively easy to get, said a sneaker collector who goes by Sockjig and is the host of the "Sockjig Sneaker Podcast." Sneakerheads new to the Snkrs app might have a better chance of getting one of those "unicorn" shoes, Sockjig said. Saucony is a popular brand among sneaker collectors following casual-fashion trends. And they've placed the emphasis on the Snkrs app," Burns said.
It's a terrible time to be a sneaker reseller
  + stars: | 2023-01-24 | by ( Lois Sakany | ) www.businessinsider.com   time to read: +8 min
Adidas' messy breakup with Ye is the latest in a series of complications for sneaker resellers. Sneaker resellers have felt the effects of the end of the stimulus check and the rise of inflation. Sneaker resellers saw a bot crackdownWhile not as lucrative as Nike in the aftermarket, it was easier to buy Yeezys in bulk on Yeezy Supply using bots. The loss of Yeezy sales then combined with Nike's crackdown on bots. I'm working to expand my team to accommodate the online customer, walk-in customer, and sneaker customer," Falcon said.
Organized retail crime has contributed to a $94.5 billion inventory-shrink problem for the retail industry. Retail criminals steal across many different product categories, per the National Retail Federation. Here are the most popular items targeted for organized retail crime as identified by the National Retail Federation, in no particular order. Shoshy Ciment/Business InsiderDesigner handbagsFashion and fine jewelryBeltsWatchesDesigner sunglassesBranded eyewearFootwearShoe retailers need to be wary of organized retail criminals. REUTERS/Jessica DinapoliInfant formulaInfant and toddler itemsChildren's toysOtherGift cards also aren't safe from organized retail crime.
Videos of brazen shoplifting incidents, like this one posted to social media in 2021, have turned retail theft into a national issue. The metric incorporates inventory losses caused by external theft, including organized retail crime, employee theft, human errors, vendor fraud, damaged or mismarked items and other losses. Whatever the numbers say, though, retailers maintain that organized retail crime has gotten worse. Organized retail crime typically refers to large-scale retail theft and fraud by groups of professional shoplifters who conspire to steal and resell stolen merchandise. The NRF estimates that organized retail crime costs companies an average of just 7 cents for every $100 in sales.
Martinez, 29, retired from the NFL in November 2022 to trade Pokémon cards. I first got involved with Pokémon cards when I was 6. We ended up doing a box break on Whatnot, and we turned $50,000 worth of Pokémon cards into $108,000 in that first show. That's what I try to tell the team — you're in control on that screen. cards, sports cards, shoes, and clothes.
However, the Club holding's stock is still expensive, a high multiple compared to the broader stock market. The service allows Amazon Prime members the ability to shop directly on other retailers' websites , in turn helping those outlets to tap into Prime's roughly 200 million members. The company said it expects Buy with Prime to increase shopper conversion from browsing to buying by around 25%. Buy with Prime "allows merchants to build customer relationships and brand loyalty while offering conversion-driving benefits," Amazon said in a statement. While this is a move in the right direction, it's not enough to make Amazon stock look cheaper.
Many Americans are looking for ways to make extra income, and online reselling platforms have helped. Insider spoke with three women who have found success as resellers. They shared their stories, as well as advice they have for others looking to get started. As inflation continues to erode bank accounts, many Americans have explored work outside the traditional 9-to-5 to generate income. And some have embraced reseller platforms like Poshmark or Facebook Marketplace to earn extra cash or become full-time resellers.
That's what Ryan Culver, Caroline Elston, and Lowell Bieber, the Indiana-based friends behind charcuterie subscription service Platterful, discovered when they teamed up to launch their venture last year — and made $40,000 in their first month. Culver and Bieber previously partnered on a health-and-wellness subscription box, which they successfully scaled and sold in September 2020. Entrepreneur sat down with the trio to learn how they built their meat-and-cheese side hustle — and continue to fuel its growth. Even though Culver and Bieber had subscription experience, the cofounders did have to contend with a new complication: cold shipping. [With cofounders] you have other people to lean on — if you're having a tough day, maybe someone else is having a good day.
Britain's charity stores are going upmarket
  + stars: | 2022-12-26 | by ( Grace Dean | ) www.businessinsider.com   time to read: +13 min
Britain's charity shops are transforming as they try to appeal to Gen Z customers. The managers told Insider their retro and vintage stores were largely in urban areas with large student populations. Grace Dean/InsiderE-commerce for charity shops is completely different than e-commerce for retailers that sell large batches of new products. Nonessential retail stores had to shut their doors for months during the pandemic, which the Charity Retail Association estimated cost UK charity shops about £28 million, or $32 million, a month. But, as the aisles of charity shops across the UK show, a lot of people do choose to donate them.
Kade Peterson, 24, wanted to be an Amazon seller after witnessing his older brother become successful at it. Together with his brother, he went to an overstocked goods store with the Amazon Seller app in hand. Tips from lessons learnedAfter noticing that some products sold immediately and others never sold, he realized that he could use an Amazon metric known as an Amazon Best Sellers Rank (BSR). But there are some brands that don't allow anyone to sell their products, no matter how long you've been an Amazon seller, he noted. If a customer complains about a faulty product, Amazon will shut you down, he said.
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