In this engaging conversation, Shannon Jean, a seasoned reseller and liquidator, shares his impressive journey from selling iPhones to netting $557,000 through luxury handbag flips. He emphasizes the importance of systems in sinking or swimming in reselling, claiming they account for 70% of success. Building relationships with platforms like eBay and Poshmark is crucial for sales. Shannon's golden rule? Always know what you can sell an item for before buying it. Discover the vast opportunities in industrial liquidation and hear his transformative anecdotes!
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question_answer ANECDOTE
Handbag Success
Shannon Jean transitioned from reselling iPhones to luxury handbags.
In three years, he sold $4 million worth of handbags, netting $557,000.
volunteer_activism ADVICE
Platform Relationships
Build relationships with platform managers on sites like eBay and Poshmark.
This helps avoid account issues and opens doors to opportunities.
volunteer_activism ADVICE
Proactive Networking
Build relationships with platform contacts before needing help.
Don't wait until you have a problem to connect; proactive networking is key.
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I sat down with Shannon Jean, who's built and sold over 10 companies, and we talked all about the art of reselling. He shared how he made $557K net profit selling luxury handbags, and why building systems is the real game—no matter what category you're in.
We covered how he connects directly with eBay and Poshmark execs to avoid account issues, how he uses liquidation sites like B-Stock, and why category only matters 30%—the rest is all systems and execution.
Shannon also dropped gold on customer service, like his “two tokens” method to de-escalate unhappy buyers, and how flipping industrial gear or niche apparel can create huge upside if you know how to sell it right.
Follow him on X (@ShannonJean), where he shares deals and posts about his $5 mastermind. He’s also the cohost of the Business Brain podcast at businessbrain.show.
00:00 Starting from Scratch: The Reselling Journey 03:00 Building Relationships: Networking for Success 05:54 Understanding the Market: Research and Strategy 09:13 Finding Your Niche: The Handbag Business 12:07 Customer Service: The Key to Repeat Business 15:05 Navigating Challenges: Dealing with Low Margins 17:55 The Power of Auctions: Finding Hidden Gems 20:46 Scaling Up: Systems and Processes for Success 24:08 Real-Life Examples: Success Stories in Reselling 26:55 The Future of Reselling: Trends and Opportunities