470: $1K/Week: How to Flip Phones for Profit


Manage episode 306874526 series 1324446
By Nick Loper and Nick Loper of Side Hustle Nation. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Can you really make money flipping phones?

To find out, I sat down with pro cell phone flipper Jeff Duhon from the Smart Flippers Facebook group. In a typical week, Jeff resells 20-30 used iPhones with a target profit of $100 per flip.

If if you did half that volume, you could be earning $1000 a week.

Flipping phones for profit can be a lucrative side hustle or grow into a full-time income stream, but, like any business, there are some pros and cons.

The used cell phone industry is already huge, and growing bigger all the time. Estimates project the global market for secondhand phones to be worth between $39 and $52 billion by 2025.

Here's how to carve out your piece of that massive pie.

Tune in to The Side Hustle Show interview to learn:

  • How to source profitable inventory
  • The easiest places to resell your phones
  • How to not get scammed

After all, being able to go out into the world and find profit is a skill to recession-proof your life.

Full show notes

493 episodes