470: $1K/Week: How to Flip Phones for Profit
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 11 November 2021
⏱️ 51 minutes
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| 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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