I sat down with my buddy Shannon Jean (https://x.com/ShannonJean)! He is a guru when it comes to reselling and liquidation, buying pallets of random stuff for next to nothing and flipping it for serious profit. Shannon shared his journey from selling iPhones with Tech Restore to making a killing with luxury handbags – like $557,000 net profit just by himself! We dove into how crucial systems are for success in this business, emphasizing that the system is like 70%. He also stressed the importance of building relationships with platforms like eBay and Poshmark. According to Shannon, there are currently huge opportunities in industrial stuff liquidation. His golden rule? "Never buy anything unless you know what you can already sell it for". If you're even thinking about getting into reselling, or just want to hear some mind-blowing business stories, you absolutely need to check this episode out!

Timestamps below. Enjoy!
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00:00 Starting from Scratch: The Reselling Journey
03:00 Building Relationships: Networking for Success
05:54 Understanding the Market: Research and Strategy
09:13 Finding Your Niche: The Handbag Business
12:07 Customer Service: The Key to Repeat Business
15:05 Navigating Challenges: Dealing with Low Margins
17:55 The Power of Auctions: Finding Hidden Gems
20:46 Scaling Up: Systems and Processes for Success
24:08 Real-Life Examples: Success Stories in Reselling
26:55 The Future of Reselling: Trends and Opportunities

Don’t Sleep on This $0-to-Millions Reselling Strategy | Ep. # 156

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner