The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Don’t Sleep on This Specific $0-to-Millions Reselling Strategy | Ep. #156
Apr 14, 2025
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!
35:45
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Quick takeaways
- The speaker's impressive journey from garage sales to $4 million in revenue emphasizes replicable success through strategic inventory purchases and mindset shifts.
- Building relationships with industry players and providing exceptional customer service are crucial tactics for enhancing visibility and achieving business growth in reselling.
Deep dives
Initial Success and Profitability in Reselling
Starting from humble beginnings, an individual shared how he generated approximately $4 million in sales and netted over $557,000 in profit from reselling luxury handbags within three years from his garage. This was achieved by strategically acquiring inventory at low costs, where a $28,000 purchase was resold for $103,000. He emphasizes that success in this venture is replicable, suggesting that the most significant barriers to success often reside in one's mindset rather than external limitations such as financial capital. The speaker's success story serves as an inspiration for potential resellers, motivating them to take action despite low engagement from listeners.
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