Flipping Phones and iPads via Geographic Arbitrage
Buy used phones and iPads cheaply in larger cities where supply is saturated and prices are lower, then resell them in smaller towns or rural areas where supply is scarce and prices are higher. Leverage trips to visit family or friends in the city to source inventory at lower cost, then sell locally at a markup. Each phone flip can net the equivalent of a nursing paycheck ($180+). Works well as a side hustle to supplement income.
Startup Budget
$300 – $2K
Difficulty
Beginner
Business Type
Offline
Location
Anywhere
Time Commitment
Part-time
Revenue Potential
$150-$300 profit per phone/iPad, several hundred dollars per sourcing trip
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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