$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.

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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

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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