How to sell phones
How to Start a Phone Flipping Business | Earn an Extra $989 Per Week
alright guys so another day another
video on how to actually start a
business now for the first time this
business is not really a passive one so
if you're expecting like super passive
like you don't have to get up from your
chair this is not the one you actually
have to put in some work to make that
money now this video is about flipping
phones how you actually make money I've
been flipping phones for a very long
time and I do it occasionally usually I
don't do it that often now because I
have my own businesses outside of
YouTube but usually what I do is like I
buy phones and I sell them just so I can
get a free upgrade because I don't like
paying for new phone so I just like sell
a few get the profits and then just buy
a new phone and there you go I have an
upgrade without actually spending money
for it but for this video it's not
really how to do that it's actually how
to make money and how to make some
income actually doing this now the most
I personally made myself is maybe
between 2000 yeah two thousand dollars a
week off of doing this business now it's
not really that hard don't worry about
I'm gonna teach you everything there's
really two ways of doing this right you
can either buy phones right or you could
buy broken phones and I should repair
them now it's very difficult to actually
learn how to repair phones and I
recommend you actually take some courses
and classes and watch some YouTube
videos if you don't have the money or
the budget because you don't want to
pick up because you don't want to mess
up a phone and actually you know you
just stuck with no money and now you're
stuck with a phone that doesn't work but
don't worry you can still sell it on
eBay for like a like a measly profit or
maybe a measly little income so you can
actually still buy another phone in this
video we're gonna talk about a few
things so I should start this business
like we do in all of our videos now
Tommy what do you mean by this bro I
mean we're gonna talk about the startup
cost the profits the expenses and some
of the challenges that you might
actually face now for the startup cost
you need money to actually buy the
phones really not surprising so I
recommend you have between a hundred to
a thousand dollars depending on how you
want to start right if you want to start
buying iPhone taxes you're gonna need
like maybe five hundred dollars just to
buy your first one flip a flag maybe 750
on eBay and by the way the profits are
not as what they seem that's why
whenever I'm buying phones I buy them
like for example I expense the phone I
buy it for like five hundred dollars and
I sell it person to person for like 750
I just made 250 profit cash no problems
but if I take that phone which is like
five hundred dollars and I still in on
eBay eBay is gonna charge me let's say
around ten percent right so we times it
by 0.9 II guess what I'm only left with
seven seven
five I'm only there for 675 that means
that eBay took 25 plus 50 75 dollars and
I have to ship it so that's minus 25 I'm
only left for 150 so that's very
different from making 250 making 150
it's crazy now you do need some money on
the side in case emergencies do happen
Tommy what emergency am I going to face
well guess what and I just want to rob
you or whatever like I would sell your
phone that's not unlocked that has
problems that might be stolen and next
you know you're either in prison locked
up or you're stuck with a phone that's
carrier locked right and what does this
mean tell me that it's carrier lock it
means that it only works for Sprint
Verizon t-mobile or whatever it is but
you can't put it anywhere else and
that's actually not that good and the
price for those phones actually are
lower
well Tommy how do I check this stuff
well it's very easy bro I'm glad for you
accident what you basically do is you
take the IMEI from the phone that you
can find in the general settings and all
that information you take the IMEI the
serial number and you put it on Google
while you look up for like like like
literally I mean I check her online or
like serial number check her online and
you put it that in there and it tells
you if it's stolen if it's unlocked or
if it's not now there are a lot of times
that people will give you a phone and
it's not it doesn't have a problem
whatsoever
but guess what they call their company
to tell them hey the phone is stolen
like I don't know what to do like
somebody stole my phone but they
literally just sold it to you right so
that's that's fraud so what I do to kind
of like not let that happen to me is I
basically grab that person and I say hey
what carrier do you use they say well I
use t-mobile all right let's call C
mobile and ask them if the phone is
fully unlocked and it's fully paid off
if the person is super honest and they
really have nothing hard and they really
need the money they're gonna say okay if
they say no consider like a red flag and
then continue on your own wrist level
because I don't really do it like that
now the third thing that you actually
need to do to start this business is
decide if whether you're just going to
buy phones and flip them like for cash
or like on eBay or whatever or you're
gonna buy phones that are messed up and
repair them now if you have that tech
mentality but you can actually sit down
and repair a whole phone and replace the
screen no mess information then congrats
you're gonna make a lot more money than
the average person but if you're just
like me and you don't want to deal with
all that nonsense then you're not gonna
make that much money but if you are like
me well you don't have
but you do want to learn then you can
just go on YouTube and learn how to do
it or take some professional course and
how to do it oh go somewhere that
actually teaches you how to do it with
using their materials I really recommend
that because you're learning on their
dollar now the second thing we're going
to talk about is the expenses now unlike
any other business there really no
expenses aside from like the cost of
goods which is like basically when you
buy the goods which in this case are the
phones and then the are some expenses
like for example if you're buying
equipment to actually fix up phones and
that's an expense because yes you have
to buy like repair equipment like like
screens and like um keyboards or
whatever you're buying to actually fix
these phones and the second thing is
like Commission's right like if you're
buying and to sell on ebay because the
market is so much larger then you have
to pay eBay a cut that cut is ten
percent commission and don't worry if
you're gonna do this thing and yes
you're gonna file tax and you make it
like a real real company then the
commission off of ebay you can deduct it
from your taxes so you're not gonna ever
be paying taxes on the full amount so
don't worry about that either
now a third expense is kind of like a
hidden expense it's kind of like the gas
you know like the gas or like the travel
expense and all that stuff because when
you are buying phones you kind of have
to consider the fact that for example if
my name is Tommy I'm selling my iPhone X
and you want to come to my house or you
want to meet up somewhere to buy this
phone you have to come to me you have to
travel to me you have to negotiate with
me there's also a time expense because
you have to negotiate with me try to fix
everything out I try to compete and all
these other factors but that's really
about it there's really no big expenses
like there's really no like crazy
expenses out there is just like the
commission for eBay if you're doing eBay
if you're doing like cash the cash purse
to the person then you just have to sell
it to them and it's about it period now
the final thing which is like the most
important thing for most of you guys is
the profits Tommy how much money can I
make by selling phones now I made a list
not too long ago where actually showed
my profits anything that was like less
than iPhone X like maybe less than an
iphone 7 leaked iphone 7 and so on I
used to make a profit of like maybe like
80 to $40 on eBay like per items so if I
would buy like six phones and they were
all like iPhone like iPhone 7s and 6s I
would make like $40 40 times 620 or $40
if the profit margin was 80 it all
depends on the person you know because
there's some people that are selling
their phones and you just gonna sit okay
because there are some
people out there they're trying to sell
their phones but it's basically just to
upgrade to something else so they really
have no value they really don't care and
they just try to sell for something that
is higher than what Apple would give
them more like Samsung would give them
or whatever the trade-in value would be
so all you really have to know is like
that information like how much would a
company give you for this phone let me
offer you a little bit more and let me
tell you that you're not actually gonna
have to go to eBay and all this stuff
because you'll have to pay Commission
and then like shipping and it's
something it's like I know it's kind of
like an inconvenience that a customer
doesn't really want to go through so if
you're making 80 bucks per phone times 6
well that's for 80 now for a phone like
this a high-end phone like an iPhone X
iPhone XR iPhone xmax iPhone XS like I
would usually make like between 100 to
180 dollars profit like I would buy an
iPhone X for like maybe $500 so that for
like 7:15 that's like a $250 profit easy
I'll buy an iPhone XR for 500 SL from
750 also it's like 20 or $50 but
sometimes you buy them for like $600 if
it's kind of slow you sell her for like
750 si 150 profit you might be you might
buy it for 650 sell it for 750 that's
one your auto profit it all depends but
if you want to be doing volume volume is
where everything is that if you want to
be doing volume that you actually gonna
have to go a little bit higher in the
prices and a little bit more negotiable
on those prices now guys if you're
wondering something now right which is
the most important thing and I'm almost
out of time is the challenges in this
business right because because we got
the startup cost is very simple we got
the expenses very simple the profits
very simple but what about the
challenges to this business right
because every single business out there
has challenges now for this business is
no different there are challenges for
example what happens when your messaging
10 people and they're all saying no
rejection is a real thing like I
wouldn't message like 10 people I would
get nose nose nose nose but I would
always make sure that I was always leave
the conversation on a just let me know
you know and sometimes those people
those nose will turn into yeses later on
but an average like actually the success
rate is between maybe like like maybe
you get 10 rejections you get like two
yeses and other two yeses maybe like one
person mike flock maybe you have five
yeses and then maybe like two people
might not show up because that's a real
thing also and one of the other things
is that you have to understand something
that you're gonna be locking in your
money for a while so if you need the
money and you're trying to make fast
cash it might not be the best deal Tommy
what
it means that if you buy this phone for
me for $500 which I will be crazy that
she sells you for $500 you just have $5
and now this is a phone right what
happens if the phone doesn't sell in a
week
what happens if it doesn't sell in two
weeks well you still you still have the
$5 ear so until you sell the phone you
have no money you just have inventory
and that's one of the challenges guys my
name is Amy bracelet if you don't know
me you know me now if you have any other
business ideas you guys have or want to
know about is let me know in the
comments down below I'll make sure to
get right on it I'll see you guys in the
next video thanks for watching and
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