515: $1000 a Day Flipping Used Pallets

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 27 June 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Play matchmaker between pallet buyers and sellers to flip pallets for profit. Varnie Sambola started his pallet flipping business in 2020, and has already scaled it to $1000 a day (and beyond). He credits another Side Hustle Show guest — John Wilker from episode 274— and his Simplest Biz course with helping him get started. Full Show Notes: Pallet Flipping 101 New to the Show? Get Your Personalized Playlist

Transcript

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0:00.0	My name is Varnie Symbola from Baltimore, Maryland, and I mean, the Palo business is making
0:06.0	about $1,000 a day.
0:08.0	What's up?
0:09.0	What's up, Nick?
0:10.0	Looper here.
0:11.0	Welcome to the side hustle show.
0:12.0	The business podcast, you can actually apply.
0:14.0	You just heard from Varnie, who started his palette flipping business at the beginning of
0:18.0	the pandemic, inspired by another side hustle show guest, John Wilker.
0:22.0	Back in that episode, 274, John called it a middleman business, or a matchmaker business.
0:28.0	The companies with excess palettes, they received their products in on these palettes, and then
0:32.0	they got to get rid of them in some way, and connecting those companies with other businesses
0:36.0	that need them, sometimes even in the same industrial complex and profiting on that deal.
0:42.0	Stick around in this one, if you hear how Varnie sources his inventory, where he finds his buyers, his creative
0:47.0	storage and logistics solutions, and more.
0:50.0	One quick note, we recorded this from his warehouse.
0:53.0	Don't worry if you don't have access to one, he didn't start there either, but I do want
0:56.0	to apologize in advance for some of the background noise.
0:59.0	But if we look past that, he's got some great ideas and advice on how to start and grow a
1:03.0	palette reselling business.
1:05.0	Ready?
1:06.0	Let's do it.
	...

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