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The Side Hustle Show

492: $17k in 30 Days: Building a Reselling Business

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 7 April 2022

⏱️ 62 minutes

🧾️ Download transcript

Summary

There’s profit out there, you just have to learn how to find it. On this week’s show, I’m joined by a pair of Side Hustle Show listeners who’ve been learning that skill and have translated it into tens of thousands of dollars in sales over the last 16 months. Jack and Joan Ferrell of SecondTimeSellers.com are resellers. They find used items at flea markets, yard sales, online auctions, and flip those items for anywhere up to 10x what they paid for them. Inspired to start reselling after listening to episode 406 with Stacy Gallego, they’ve hit the floor running and have set themselves the goal of turning over $250,000 in the next 12 months. Tune in to The Side Hustle Show interview to hear: the creative ways Jack and Joan source inventory how they handle the shipping and logistics the most effective ways they’ve found to grow their business Full Show Notes: Building a Reselling Business Free Flipping Training

Transcript

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0:00.0

What's up? What's up, Nick? Hello, Oprah here. Welcome to this side hustle show because there's profit out there.

0:05.4

You just have to learn how to find it. Today, I'm joined by a pair of side hustle show listeners who've been

0:10.4

learning that skill and have translated it into tens of thousands of dollars in sales over the last 16 months.

0:17.5

Jack and Joan Farrell are resellers. And they're about to break down the creative ways they source profitable inventory,

0:25.3

how they handle the shipping and logistics and the most effective ways they found to grow their business.

0:31.2

Notes and links for this one along with the full text summary of our call are at

0:35.0

sidehustlenation.com slash flippet2. This story starts with Jack drawing some inspiration from

0:42.1

another side hustle show guest. Ready? Let's do it.

0:45.3

September 2020. I'm traveling to Savannah, Georgia to take care of a granddaughter whose daycare is shut down because of a

0:57.2

COVID outbreak. It's a four hour trip on I-95. I'm listening to several side hustle nation podcasts. You're

1:05.5

interviewing Stacy Gallego and a reselling business. And I just said, hmm, and then I listened again and then I called Joan.

1:16.1

And just a little bit about me, thriftiness has always been part of my lifestyle. I grew up in a family of five

1:24.3

children and with my father passing away at 10 and that began my life dollar to dollar living.

1:31.2

And when I was 19, I had my own apartment and started to barter at garage sales,

1:36.5

flea markets, and resale stores to get my furniture, my clothing, my kitchenware, everything left

1:44.3

but food. So and when we had our first date, I had a coupon for buy one, get one. So Jack knew right

1:52.7

off the bat how thrifty I was. And most of our dates also had been yard sailing, flea marketing,

2:01.6

and going into resale stores. So one of the yard sale and flea markets that we went to, we got all my

2:11.8

collections, all our collections spread out all over the floor, everything around us. And I had

2:18.1

bartered on a down sleeping bag and got it for $5. So we were sitting on the down sleeping bag,

2:27.5

talking about how our relationship is going and how much we have in common and how much we like,

2:34.5

and he asked me to marry him. So we've continued on with this lifestyle as far as thriftiness,

...

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