The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Self-Promotion Saturday Now Live!

    Have something to sell? Want to promote your design service or a YouTube channel? SELL-ME SATURDAY is your opportunity to self-promote anything within the sphere of entrepreneurship on one thread... and at no cost. Go There
    Note: Indiscriminate SEO backlinking to questionable material is not allowed.
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

Using one of the five "cEnts" in flipping

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

JByers210

Entrepreneur
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 14, 2017
219
871
312
United States
Last weekend I decided that I either need to get a part time job or hustle to make enough money flipping items from craigslist that would match a full time job (the reason I made it a full time job challenge was because I wanted to push myself). I need the money for my business even though sales are coming in and to keep from using business profits for food and anything I need monthly.

My dad and I were talking and I told him if I can't make a full time wage this week for five days hustling or with ecommerce that I'm going to get a part time job...but if I sold enough this week to match that number (400$ a week @ 10/hr full time) then I'll continue to do that...

I'm already past 400$ profit and it's only Wednesday. It's nothing crazy but it beats working at the grocery store or driving tires around hating my life all week for 8$/hr after taxes.



The reason? I may or may not have figured out how the commandment of Entry fits into flipping.


Last Saturday I saw an item on the side of the road in my neighborhood and figured I'd try to sell it on craigslist or Facebook marketplace. I picked it up and brought it home to take pictures.

On Monday it sold for 100$ (40$ for delivering it).

On Tuesday I started out the day by looking just at iphones to flip. All the prices were hard to negotiate at and I had a really hard time getting anywhere with it. I eventually met a guy to buy an iphone and when I got there and talked to him I realized he was flipping iphones as a side hustle too. I checked the phone and it had a bunch wrong with it so I told him I wasn't feeling it and left without it. (I still hit my goal yesterday because I hit 150$ profit from ecommerce)

When I got home it hit me...flipping iphones is easy. There is no barrier to entry. They are small, light, and everyone has one.

Flipping large, hard to pick up products?
How many people have the time or a large trailer available to go pick up large entertainment centers (just an example) as soon as they are put up for sale? Seemed like a barrier to entry.

Today I picked up another item that was listed as free on Craigslist. Took me about an hour to get there and back. Got pictures and listed it earlier today for 140$. I'm dropping it off tomorrow for 180$ cash.

So far I'm at 402$ profit with everything (gas) accounted for.

Hopefully this helps someone out there like other's posts here have helped me.

You can apply one if not all of MJ's CENTS commandments to just about anything.

No excuses!!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Last edited:

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
For those with the "can web design be Fastlane" question this video by @MJ DeMarco is a great...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom