Product Reselling and Auction Flipping
Buy products at auctions, liquidation pallets, or retail stores and resell them online for profit. The speaker discusses buying pallets at auction for around $3,500 and reselling individual items. Key strategy is 'buy with math, sell with emotion' - set your maximum bid based on spreadsheet calculations, let the software bid for you, and walk away. You may lose 80% of auctions but the 20% you win is where the money is.
Startup Budget
$500 – $5K
Difficulty
Intermediate
Business Type
Hybrid
Location
Anywhere
Time Commitment
Full-time
Revenue Potential
$3000+/month
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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