$45/Hour How to Start a Flipping Liquidation business

Here is a question, I’m sure you guys have asked in the past, what happens with all the stuff people return to stores or for example that stuff that stores just don’t sell. 😎Call Me😎: https://bit.ly/30IBr0i 😎Second Channel😎: https://bit.ly/3c4sVPS 💲1 on 1 Talk + My Budget + Stock Investments💲 https://www.patreon.com/tommybryson 💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: https://m1.finance/fQsrul1PZcHM 1. The Very First thing is “ Tommy Where and Who can I buy this Stuff From” - The who is literally most big retailer and also small retailers - So yes that includes, Amazon, Target, and Walmart ( and many more stores ) - Also some retailer has a separate website for their liquidations ( like Walmart ) 2. Here where you go to buy ( step by step ) - A fast way to see all the liquidation is by going to liquidation.com - Or just type in the name of the retailer and liquidation and see if they have a separate website - Its pretty simple Let's look at some of the Goods: - Let's go to google ( show you how to find the website ) - Show you how the website works - Ignore the obvious unless its a really awesome deal 3. Understand the market and what's going to sell - Your not buying what you like - Your buying what you know is going to sell 4. The business side to this Cost of Startup - Eventually your probably want to get an LLC for now you can probably just get a DBA if it's required - You’ll between $500-$1000 to get started - You’ll also need time Ongoing expenses $100 per month and eventually paying an employee to do this - Your shipping and listing items and taking pictures so a lot of work - Buying shipping materials - Products that don’t sell Profits - I think you should expect anywhere from 20-30% profit margins - So for every 100 you spend you should want to get 20-30 back Tip: you want to be careful buying things for too much money, cause that’s going to cause you money 5. Where to sell - Everywhere - Facebook, eBay, Back on amazon, mercari, and even posh mark - Anywhere and everywhere Last tips: - Know the value and don’t fall for the bidding fever ( this is a business)) - Watch out for shipping - Hire a VA to help you with listing and the going eventually Website https://www.liquidation.com/index * PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 💰M1 FINANCE $10💰 Link: https://m1.finance/fQsrul1PZcHM 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻 https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson --- Disclosure & Educational Disclaimer: Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.