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The Side Hustle Show

470: $1K/Week: How to Flip Phones for Profit

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 11 November 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Can you really make money flipping phones? To find out, I sat down with pro cell phone flipper Jeff Duhon from the Smart Flippers Facebook group. In a typical week, Jeff resells 20-30 used iPhones with a target profit of $100 per flip. If you did half that volume, you could be earning $1000 a week. Flipping phones for profit can be a lucrative side hustle or grow into a full-time income stream, but, like any business, there are some pros and cons. The used cell phone industry is already huge, and growing bigger all the time. Estimates project the global market for secondhand phones to be worth between $39 and $52 billion by 2025. Here's how to carve out your piece of that massive pie. Tune in to The Side Hustle Show interview to learn: How to source profitable inventory The easiest places to resell your phones How to not get scammed After all, being able to go out into the world and find profit is a skill to recession-proof your life. Full Show Notes and PDF Bonus: $1K/Week: How to Flip Phones for Profit

Transcript

Click on a timestamp to play from that location

0:00.0

What's up? What's up, Nick? Oh, loafer here. Welcome to this ad usl show because being able to go out in the world and find

0:06.5

Profit is a skill to recession proof in your life in this episode. You'll learn one unique way to go out and find that profit in your hometown

0:14.5

By buying low and selling high

0:16.7

It's one of the oldest business models in the book and one that still works today

0:20.7

In fact today's guest is a master of finding that profit and specializes in flipping a product that you probably have in your pocket right now

0:28.6

Maybe you're even listening to this podcast on it and that's your phone with a target of a hundred dollars in profit per flip

0:35.6

Jeff Deion of the smart flipper's Facebook group is reselling 20 to 30 used cell phones a week

0:43.2

It's a side hustle that can be as small or as big as you want to take it

0:46.6

But like any business there are some pros and cons here stick around in this one to learn how to source profitable inventory

0:52.4

The easiest places to resell your phones once you do get them and how to not get scammed

0:58.2

Notes and links for this one are at side hustle nation.com slash

1:01.4

Jeff

1:02.0

Jeff and while you're there make sure to download my free list of the 20 plus best things to flip for a profit

1:08.6

I'll be back after this call with Jeff ready. Let's do it

1:15.0

Right now what's working best is Facebook ads if you are wanting to start kind of on the lower end

1:21.3

And you have a smaller budget

1:23.4

You can find a lot of deals in a lot of cities just by looking on Facebook marketplace

1:27.8

You know the next question people usually ask me as well like while they just sell it for more

1:32.0

And the truth is not everybody knows the value that the market is willing to pay

1:37.4

And so that's where that's where you can come in and scoop up some good deals

1:41.8

I imagine if somebody is posting a phone significantly underpriced on marketplace

1:47.3

They got to be flooded with with inquiries and at least for the few things that I've listed is like

...

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