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The How of Business - How to start, run, grow and exit a small business.

203: Middle-Man Biz with John Wilker

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 27 August 2018

⏱️ 46 minutes

🧾️ Download transcript

Summary

Middle-man pallet business with John Wilker. John is a small business owner who has developed a relatively simple yet highly effective and profitable middle-man business model. He was a contractor, but then stumbled upon an unmet need for the brokerage of industrial shipping products like wooden pallets. John has since developed a repeatable system that he teaches others. Special Offer: Learn more about John's Simplest Biz model and receive a discount on his training course when you use the Discount Code: "fastaction1000"

Henry Lopez is the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

Transcript

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0:00.0

Welcome to the How of Business with Henry Lopez and David Begin, the podcast that helps you start, run, and grow your small business.

0:12.9

And now, here are your hosts.

0:15.0

Welcome to this episode of The How of Business.

0:17.1

This is Henry Lopez.

0:18.2

And my guest today is John Wilker.

0:20.3

John, welcome to the show.

0:21.6

Thank you much, Henry. Glad to be here.

0:24.2

Excited to have John. John is a former contractor who is now a small business owner. He was a

0:30.3

small business owner when he had his contracting business, but he has developed a new interesting

0:34.3

business. It's not so new to him anymore. It's new to me.

0:43.5

He's been doing it for about 20 years, right? It's still fun though. Yeah, absolutely. Absolutely.

0:48.5

So what he's done is he has developed a simple yet effective business model for providing middleman services for businesses that ship and receive products. Specifically, what we're talking about

0:55.0

here is he acquires what's called industrial byproducts. Those are things like palettes and

1:00.7

cardboard boxes and crates and other things related and that are used in shipping products and

1:07.7

equipment. He takes those from somebody who doesn't need him anymore, and he sells

1:12.2

them to somebody who does for a pretty good profit, and so much so that that's his full-time

1:18.0

business. But he also teaches people how to replicate that, how to replicate that business. He's

1:23.8

figured out this business model. Again, as he explains it, the bottom line is he calls himself a middleman.

1:31.0

And John has developed this and he requires few employees of any, very little inventory or no inventory, typically, and no big warehouse space.

1:40.7

A lot of the things that we're always looking for, small business owners

1:44.3

and that we wish we didn't have in the case of those of us who do. As he says, quote, it's quite

1:50.4

simple, but it has to be set up in the correct manner for it to work. And there's, end quote. And there is

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