Asymmetric bets & flipping high ticket items for profit with Shannon Jean. Part 1 of 2. Ep. #038
Jul 12, 2024
auto_awesome
Meet Shannon Jean, a seasoned multipreneur sharing insights on flipping high-ticket items for profit. Discusses strategies for maximizing profits, importance of location, and success stories in real estate and online commerce. Emphasizes research, persistence, and the thrill of entrepreneurship.
Harnessing location-specific strategies for profitable real estate deals.
Emphasizing entrepreneurial mindset, research, and networking for diversified revenue streams.
Deep dives
Exploring Flipping Opportunities with Limited Resources
Identifying the most asymmetric opportunity with limited capital, the podcast delves into the insights shared by a seasoned entrepreneur named Shannon. Drawing from experiences in notable deals like bulk iPhone purchases, discussions revolved around profitable location-based flipping. Emphasizing an entrepreneurial mindset and energetic networking as key elements, the conversation highlighted the importance of continuous research and seizing unique opportunities. Examples included successful strategies in auction flips and leveraging personal strengths for business growth.
Navigating Business Ventures with Energy and Independence
The podcast underscored the significance of being fueled by energy in business pursuits, citing examples of the speaker's drive and learnings from various ventures. From starting with a landscape construction business to diving into tech and handbag sales, the narrative captured the essence of constantly seeking new opportunities and diverse revenue streams. Insights into maintaining independence, emotional attachment in business, and effective deal-making strategies were shared.
Uncovering Profitable Deals through Extensive Research and Networking
Revelling in the thrill of research and deal discovery, Shannon highlighted the power of extensive digging into niche markets for profitable investments. Case studies featured smart sourcing approaches for high-end products like designer handbags and utilizing online platforms like Poshmark for sales excellence. With perseverance and strategic relationship-building, the podcast shed light on leveraging AI tools, fostering industry connections, and harnessing personal expertise for business ascension.
Capitalizing on Location-based Market Inefficiencies for Success
Unlocking hidden market potentials through location-specific strategies formed a core theme of the podcast, exemplified by Shannon's insights on securing unique real estate deals. From buying properties with distinctive selling points to leveraging personal strengths in negotiation and problem-solving, the narrative showcased the art of spotting opportunities in overlooked or challenging scenarios. Demonstrating courage in unconventional purchases and successful flipping endeavors, the discussion resonated with the essence of embracing calculated risks and persistent exploration in entrepreneurial journeys.
Part 1/2: I had my friend Shannon Jean on the pod today. Shannon is a stupidly successful multipreneur. If there's a unique business out there, he's probably tackled it. You can find Shannon here: https://tkopod.co/shannon
Today we chat about how you can find money-making opportunities by focusing on specific opportunities in your local area. --- Watch this on YouTube instead here: tkopod.co/p-yt Ask me a question on or off the show here: tkopod.co/p-ask Learn more about me: tkopod.co/p-cjk Learn about my company: tkopod.co/p-cof Follow me on Twitter here: tkopod.co/p-x Free weekly business ideas newsletter: tkopod.co/p-nl Share this podcast: /tkopod.co/p-all Scrape small business data: tkopod.co/p-os -- 00:22 Meet Shannon: The Seasoned Entrepreneur
01:06 Reflecting on Past Ventures
03:59 The Art of Flipping and Deal-Making
06:30 Auction Adventures and Big Wins
07:59 Strategies for Maximizing Profits
12:42 The Importance of Location in Flipping
19:40 The $250 Truckload Deal
19:45 The Real Estate Stager's Dilemma
21:30 Logistics and Tech Restore
23:02 Venturing into Social Commerce
24:30 Poshmark Success Story
26:40 Writing Best Sellers on Amazon
27:59 Flipping Handbags and Finding Suppliers
32:32 The Power of Research and Persistence
34:56 Real Estate Deals and Opportunities
37:53 Conclusion and Final Thoughts
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode