Well it's a nice story, but as he stated, living in his country is cheap.
And, if I'm not mistaken, gas is really cheap in Saudi Arabia.
So it's not adaptable in another country where you have to pay big money for routing goods. He would have spent his whole benefits in gas.
I mean, good for that guy, but it's not like he found some secret to selling onions, he's just selling them at a lower price than his competition.
Maybe this guy deleted his post because he didn't want anybody cutting in on his business. The tl;dr summary:
- Saudi Arabian resident spotted an arbitrage opportunity buying onions cheaply and selling them to small and mid-sized outlets (large outlets already had suppliers) - reinvested profits to grow the business (more onions, truck to move them, expanded to another province)
Don't even want to know how many regulations you'd need to keep in mind doing that here in Germany :P I also doubt you could keep up with Lidl's etc prices. Also, the lack of "small shops" where you can even get hold of someone who is allowed to do any buying.
Could sell even more onions on the dark web.
Is there any way to find the post?
The post is deleted, it appears.
But can he buy eggs for 7 cents, sell them for 5, and still profit?
Archived version: http://archive.is/5vpqW