Hey guys, this is my first progress thread.
I'm an 18 year old who's been action faking after my previous failure.
I am simply flipping iPhones and I made this thread for accountability.
"But flipping iPhones sounds too easy and too saturated!" Let me explain.
One day, I sold my old iPhone for around $80 profit, just for some extra cash. I then looked through some side hustle threads after being inspired by even the lowest off chance that this could be a valid idea.
www.thefastlaneforum.com
www.thefastlaneforum.com
It sounded like a good side hustle but I needed cash to turnover quickly, I don't want to risk having inventory lying around for days on end while waiting for a buyer to flip. So then I got some ideas after researching more into the topic. I then got into contact with direct buyers, companies who are buying phones/macbooks/ipads/etc in various conditions for near market value, and will pay up-front so I can turnover cash into acquiring more product. They also have a pricing sheet so I can quickly appraise and shoot out offers. This allows me to focus on marketing and sales, as I assume need to generate a lot of leads and make a lot of offers to make this work.
I'm definitely not the first one to think of this idea, but it seems like a solid plan.
Acquisition of phones locally (FB marketplace, Craigslist, Offerup - Reaching out and lowballing, posting free ads, yard sale groups) -> Disposition to direct buyers --> Use capital that is being recycled to scale, possibly reaching out to businesses like hotels/nightclubs and see if I can access and buy their lost and found phones for pennies on the dollar?
Oct 27
I have already made 15 offers on marketplace, posted a marketplace ad, and post an ad into 3 buy/sell groups. I will send out 20-30 more offers in the evening.
I'm an 18 year old who's been action faking after my previous failure.
I am simply flipping iPhones and I made this thread for accountability.
"But flipping iPhones sounds too easy and too saturated!" Let me explain.
One day, I sold my old iPhone for around $80 profit, just for some extra cash. I then looked through some side hustle threads after being inspired by even the lowest off chance that this could be a valid idea.
NOTABLE! - SIDE HUSTLE - So you want to flip used items and make cash? Cool!
You want to start a company, but you don’t have any cash? Awesome! Today you will learn how to knock that problem to the ground. How? We’re going to sell used stuff for a profit. “But I don’t have any money to buy stuff that I can flip for a profit” Alright, let’s start here. How to get...
www.thefastlaneforum.com
NOTABLE! - SIDE HUSTLE - I Make $15,000/month - 3 Hours of Work Per Day
I'm new to the forum but I thought I'd share what I've been doing for the past decade. This is more of a side hustle because it's not really scalable past what I'm doing, but I've been able to become quite wealthy doing this. Now I've gotten into investment properties and I don't need to do...
www.thefastlaneforum.com
It sounded like a good side hustle but I needed cash to turnover quickly, I don't want to risk having inventory lying around for days on end while waiting for a buyer to flip. So then I got some ideas after researching more into the topic. I then got into contact with direct buyers, companies who are buying phones/macbooks/ipads/etc in various conditions for near market value, and will pay up-front so I can turnover cash into acquiring more product. They also have a pricing sheet so I can quickly appraise and shoot out offers. This allows me to focus on marketing and sales, as I assume need to generate a lot of leads and make a lot of offers to make this work.
I'm definitely not the first one to think of this idea, but it seems like a solid plan.
Acquisition of phones locally (FB marketplace, Craigslist, Offerup - Reaching out and lowballing, posting free ads, yard sale groups) -> Disposition to direct buyers --> Use capital that is being recycled to scale, possibly reaching out to businesses like hotels/nightclubs and see if I can access and buy their lost and found phones for pennies on the dollar?
Oct 27
I have already made 15 offers on marketplace, posted a marketplace ad, and post an ad into 3 buy/sell groups. I will send out 20-30 more offers in the evening.
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