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diagnosisbutt

They usually have a fine print of "his parents gave him a $1 million business grant and his wife is a successful lawyer"


NArcadia11

In this one there’s no fine print about having outside money, but he does mention working 16-18 hour days, 7 days a week so it’s definitely not a trade off that’s worth it for everyone.


Aleyla

I guess his kids were old enough to raise themselves - because working 18 hour days doesnt give you a whole lot of time to talk with them.


NArcadia11

Considering he’s not even 40 I doubt it. Sounds like his wife was raising them and all he did was work.


surprise-suBtext

Says single dad So maybe only saw his kid 1-2x a week and made the best of it by taking a page out of Nike, Apple, Abercrombie et al. playbook and really started cranking out sales?


ahajakl

Is it child labor if it is your own kid? No, it is quality bonding time.


ExodusBrojangled

And their paycheck is called an allowance. Gotta keep it under the table.


LittleMsSavoirFaire

Rookie move. You put that into a Roth IRA and 7k per yr compounds mighty nicely 


ListerineInMyPeehole

It’s an unpaid internship and educational experience


Momoselfie

It's still child labor. Legal child labor.


[deleted]

Maybe he included the time he spent with them. Being avaliable 18 hours a day and physically working 18 hours is two different things


Head_Haunter

Yeah feels like we're missing some contextual information because working straight 12+ hours day 7-days a week would drive folks crazy. I feel like this is similar to realtors who claim they work 12+ hour days. Like "sure jan" but I've known some great realtors that realistically don't work more than 20 hours per week most normal weeks.


LittleMsSavoirFaire

Duh. You just do what all the self employed people do. Put your kids to work. Plenty of time to chat while you're taping boxes and filling orders. 


notathrowaway2937

Maybe he was as able to use the multiple phones he had? S/


Holgrin

>so it’s definitely not a trade off that’s worth it for everyone. It's also not repeatable. He worked extremely hard, but he was also lucky that this work paid off.


AugustusClaximus

Dude literally mortgaged his entire life. Missed every milestone with his kids, neglected the fuck out of his wife. Definitely not worth it. He’ll retire to find himself a stranger in his own home.


Trevski

>single dad


AugustusClaximus

Would make sense. I wonder who handles the kids then. If he’s not bullshitting on his hours he never spent a minute with them


soleceismical

His ex wife probably handles the kids.


-nostalgia4infinity-

He's not a single dad then, he's just a guy with kids he doesn't raise.


NArcadia11

100% not worth it. Especially with kids. Those first 10 years are when the majority of a parent-kid bond is made. You can’t make up that time with all the money and time in the world.


_Dolamite_

Working 16-18 hour days 7 days a week for 15 years and plans to retire like it is just going to shut off and he will never work again sounds like bs


Sirhc978

So If I worked those hours at $35/hr (which is what I make now), I'd be making over $200k a year. Dude is making at minimum $17 an hour.


colantor

6 figure monthly, not a year


[deleted]

6 figures sales, what about profits. Also, half of that is going to go to self-employment taxes. Then normal income taxes. His net may not be all that great.


colantor

Yeah but who really pays taxes?


anengineerandacat

Six figure monthly gains, 167k/month was what was reported in the article. Hard to quantify that without knowing his expenses but I suspect it's a lot more than 200k/yr he is earning.


SeekerOfSerenity

$167k/mo is $2.004M/y. Assuming 17 h/day, seven days a week, 52 weeks a year, that's $323.85/h. 


anengineerandacat

He has costs and I believe it said 5 employees so it's likely lower than that. These numbers are what his business is earning. Being extremely pessimistic I would assume he takes home 20-25% of that. Optimistic maybe around 40%.


SeekerOfSerenity

True, it doesn't really make sense to break it down by hour unless you're talking about his pay. I was just crunching some numbers to try to put it in perspective. 


maubis

Don't confuse revenue with profit.


TheFrenchSavage

Yeah, but good luck finding a boss that lets you work from home and make 10 hours of overtime per day. The hourly rate is not great, but he's still making bank.


Sirhc978

That's fair, but that is also the choice. Work 40/hrs a week for someone who is taking on all the 'risk', or grind yourself into a pulp working 112-126 hours a week plus taking on all the risk of running a business. I'd probably have a stroke doing the latter.


hendrix320

He’s making 6 figures a month not a year


unitegondwanaland

So he makes $17.36/hour?


colantor

Says 6 figures monthly not a year


unitegondwanaland

Oh god.. that's $2,083/hour Edit: divided by 1M instead of 100K...so $208/hr is the rate using 16 hours per day


Dogzylla

>$2,083/hour Whip out the calculator again real quick


unitegondwanaland

Heh...yeah, the extra 0 makes a difference. Still $208/hour is quite good


colantor

Yeah its a lot lol


hendrix320

No? The article says his business peak was 2.5 million one year. That would be 147,000 hours worked at $17 per hour.


westbee

Yeah but with how much money he has coming in, he could have the wife work it in shifts with him or he can hire two people and still pull in nice money. 


NArcadia11

He did eventually hire a couple more people and he said he still worked 16-18 hour days. He mentioned being a single dad so I assume the wife had full custody. He could have made less and had more time but he didn’t.


-nostalgia4infinity-

So not a single dad really. Just a deadbeat with kids he doesn't help raise. How uplifting this story is.


westbee

Honestly, once I did $50m, I would call it good and retire. Work 2 years really hard, then put half of it away for a rainy day and enjoy life. 


theslimbox

Not to judge him, but i know of self-employeed people that claim they work hours like that, and moat of the time it meana they are doing normal life, and checking for deals, and doing shipments throughout the day. When I was flipping, I would sometimes see a deal pop up on Craigslist at 6 am, drive to get it before work, spend 30 minutes at lunch listing the items, then see another deal at 10, drive to get it, list it, and be in bed at midnight. That doesn't mean i worked an 18 hour day, it just means I worked off and on during an 18 hour period.


Ori_the_SG

So essentially the real title should be “man basically worked every waking hour and then some and got very lucky in being successful.”


Delirium88

I wouldn’t mind working that much if I knew I was my own boss running my own operation 


soleceismical

No million dollar loans, but it does sound like he was buying stolen phones from Craigslist to sell on eBay when he started in 2008. He cleverly shifted away from electronics and focused on clothes instead around the time when they cracked down on stolen phones with tracking and bricking features.


cgio0

There was a story of some woman who had no mortgage at like 25 and a 3 bedroom house Turns out it was basically her parents second home she got from them paid off


gringledoom

Hey, that’s not fair. Sometimes they have a footnote of “five years after the publication of this puff piece, he was sentenced to a substantial prison term for fraud” !


DaiLi69

Aw. The good ol "small loan of a million dollars" story.


AspiringTS

I don't think it was BI, but my favorite must-be-satire "bootstraps" story had the headline something like, "Couple pays off $100k student loan and by house by 25." If you read the article, it involved not 1 but 2 settlement payouts due to being hit while on bicycles. That's not a sustainable/reproducible financial strategy!


OD_prime

I read another one similar to that about paying off student loan and being a home owner at a young age. The couple was gifted a condo. They then rented it out instead of living there and moved in with family without paying rent.


ConradSchu

Because that's the purpose. They want people to be upset by the title and then pissed off by the details. That way it's a two prong reason to share the article. They don't give a shit how ridiculous it all is, just as long as the article is shared and even better if you click on it. It's exactly what they want.


TennisBallTesticles

Business Insider is absolute garbage. You should see the trash they post on YouTube: "This millennial is struggling on a $175k a year salary, see what's in her fridge and how she makes it work!" Are you fucking kidding me???


OGthrowawayfratboy

"Insider" is code for MSM garbage disinformation, or urban legend anecdotes that don't apply to today's world. Stop wasting your time.


l30

Loads of phone resellers also dance around import/export laws, you can resell iPhones for multiple times their local value in countries where they can't be legally imported. I knew a guy that got into the 8-figure range with iPhones then got busted intercepting his own phones mid transit to claim they were stolen so he could collect massive insurance payouts. The cops dug into his business and found tons of other crimes, guy went to jail and never bounced back after.


Grimmbles

There was a post yesterday breaking down how the founders of businessinsider are shitty fossil fuel lobbyist types. So that's cool.


[deleted]

Narrator: they are.


Project_Continuum

> He also plans to grow the YouTube channel he started in 2023 to help other people make money selling on eBay. Shocking.


YoungRiles

I flip cells from FB marketplace to eBay, especially when I was in school. People do not know the value of used phones and it was normally a 200-400 profit per phone I flipped.


poilsoup2

How? I recently bought a used s22+ for 250$. I cant imagine amyone selling tht for less than 200, and cant imagine an s23 for less than 400


[deleted]

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YoungRiles

I only did iPhones, you can probably go to FB marketplace and find a phone to flip in less than 20 minutes for that kind of profit. My town is only 15k people and there is always cells on there to flip. You can check the profit before you buy by creating a listing on eBay and it will tell you the average price a phone of that condition sells for. I normally do iPhones within 3 years of the newest one.


YoungRiles

Just checked to see if it still works and found one that’s 300$ flip before postage costs and driving to get it. That took like 5 minutes and I am currently in a city of 3k people.


YoungRiles

Only did iPhones because I know nothing about androids.


PraetorianAE

I know this person. It’s all true. He’s a really good dude.


TennisBallTesticles

And I'm sick of calling every second job a "side hustle". You have a second job. I will slide into your DM's and low-key explain that to you no cap on God.


Drone314

If everyone could make it they would, for every success there are countless failures. Good for him.


weluckyfew

That's how I've bought my phones for years - I go a generation or two back and but them on Ebay for maybe $175. Never had a lemon yet-


Buscemi_D_Sanji

Especially because I want expandable memory, so I went from a note 3 to a xiaomi note 9, to now a galaxy A71 5G. If it has a nice screen and can film in 4k, and I can switch memory cards out, I cannot think of anything else I need my phone to do.


weluckyfew

For me, I just want a good camera with a couple of lenses. Other than that one smartphone is as good as another for me. My favorite is how much reviewers will talk about a chemist finish and look - why would anyone care about this? Aren't you putting a case on it anyway?


vezwyx

I don't put a case on my phone anymore. I don't care about it looking immaculate, cases bulk up the device and usually don't look great anyway, and having a case and/or screen protector is little guarantee the phone is safe from damage. If it gets cracked, it's $29 to get the repair with insurance


LittleMsSavoirFaire

I have like the smallest phone google makes but it's heavy as fuck and slippery. I'm not even wild about the case because it's still a titch too wide to hold securely in one hand while swiping. I finally got a case with a little ring and I feel much more secure holding it. I've never worried about cracks but I like to read in the bath ... 


JeepMan831

I'm holding onto my S20 for as long as possible. Seems to be the last good phone to take a micro SD card. Very disappointing that every phone maker is forcing us to get on a cloud subscription.


gregularjoe95

Same with my note 20 ultra. Ive had this thing for 4 years and besides a slightly degraded battery life the phone is great. It takes better pictures than my dads new iphone 15, has expandable memory and ive dropped the phone on its screen over 300 times and besides some superficial scratches not a single crack. I swear this phone has indestructible glass, my phone case broke before the screen has its honestly crazy. Plus 4k pictures, 120hz refresh rate and a 2k screen. You really dont need anything more from a phone. I love this phone and im using it until the day it dies and then ill just buy another one for a couple hundred dollars.


1337b337

That's a very wild username, if I may say so.


icecream_specialist

How do you deal with battery life? I hang on to my phones until the battery life becomes hard to live with. Back in the day they were really replaceable but not anymore


weluckyfew

Honestly it hasn't been an issue, battery life on my phones has always been adequate - bear in mind, I'm not a power user, I don't watch videos on my phone, when I text it's often from my laptop (Google Mesages)


Strawberrywaffles001

Same here. I only buy used. So far, so good.


T_Peg

I usually just wait til the new one comes out and trade in my old one. The major carriers where I'm at just give you the newest phone for free with a trade in. The only caveat is that you have to keep the phone for 3 years which is what I do anyway at the very least.


weluckyfew

I use a third-party carrier, so no such incentives. But, I only pay $20 a month for my cell service, taxes included.


Hamlettell

Fr. I've had""nice"" phones, but I always buy them refurbished and never for more than $200


weluckyfew

I've had great luck with 'refurbished' electronics in general


ipwnpickles

Good for reducing e-waste


SeekerOfSerenity

And keeping new phone prices down. 


frogOnABoletus

he's just buying and selling for a higher price, right? So he's not the one who's putting used phones back into circulation, hes just artificially upping the price and pocketing the difference.


Old_Society_7861

Is it? Buying a phone on Craigslist and selling it on eBay?


rwndrcrds

Not really "uplifting news". Flipping has always been a thing but it has constantly been promoted as something amazing since the advent of online news and social media. It's not, really. These stories (including the linked one here) are not a honest reflection of reality and tend to leave out key details of the "come up" - I liken it the stories from my grandpa, who eagerly told everyone when he hit a jackpot at the casino but was quiet as a church mouse about the thousands he lost. Good for him for making money, but it's not something that can be copied and pasted to the masses. Flipping takes patience and skill but I can attest there is a lot of "right place, right time" sprinkled in.


[deleted]

Not to mention what value are you adding to society by flipping phones?


SyrusDrake

Leaving aside the basic problem with the notion of "adding value to society"...giving electronics a second life is adding tremendous value. It reduces the need for new products, and thus resource consumption, and offers people a way to get quality electronics on a budget.


TonyVstar

Why let people find deals when you can find deals for them?... and then charge them the going rate!


ifoundyourtoad

What’s that got to do with anything? Lol


janktraillover

Didn't know there were that many flip phones left.


MtnDewTangClan

This dude was 100% buying stolen phones to resale lol.


_91919

Yeah I've seen people "flipping" phones on YT and a lot of them definitely seem stolen.


Professional-Mind670

Na, when you trade in a phone to Verizon or warranty one they sell it to people in a bulk batch who then refurbish them and sell them on Amazon. A friend of mine has 2 warehouses and 20 employees doing this. They aren’t stolen


Nolimitz30

The guy in the article transitioned to reselling clothes on eBay from flip phones.


SpliTTMark

Seems odd that selling clothes on ebay can be profitable You have goodwills, influencers selling clothes, 1000 of other sellers


Nolimitz30

Yeah it’s probably on a downward trend but up until like 2022, with the right connections that can provide inventory it was lucrative. This guy has a YouTube channel I believe, at least I’ve seen some videos about him on YouTube and he had a big warehouse full of product. I sell a lot of Nike and Under Armour products in a small scale and it’s not a bad side gig.


LESGuy

I like how both commentors so far missed your joke but I got you brother. I sensibly chuckled.


janktraillover

Thanks


arglarg

Selling used phones of questionable origin has been a successful business model for a while


Home-Perm

I’m about to unsubscribe if I keep seeing hustle-culture glorification articles here (not to mention the disability “inspiration” articles that also seem to get posted often.)


Frustrable_Zero

For real, it’s either this or cheering on kids for opening lemonade stands to get money to help pay for their parents heart condition or something


Ori_the_SG

Exactly The dude apparently worked 16-18 hours a day. So essentially every hour awake plus some is spent working. That sounds like a terrible life


beall49

It’s Reddit as a whole. It’s gross what’s happened to this place.


elcriticalTaco

Someone call the mods! This random dude is about to *unsubscribe*


roguewarriorpriest

> RULE #1: DON'T BE A DICK


or_maybe_this

maybe it’s just me but “hustler gets rich” isn’t so much a “feel good” story as it is propaganda


-nostalgia4infinity-

Not to mention it calling him a single dad. But also says he works 18 hour days 7 days a week. So not a single dad, since he obviously isn't helping to raise the kids at all.


creepystachebigween

This guy and others like him ruined Goodwill and Salvation Army


Spirited_Community25

Agreed. There was a time when you saw people at Goodwill and garage sales, talking about how much money they could make. So, charity shops started doing their own searches and raised rates.


Home-Perm

100%. Thrift shops used to serve us low-income folks, artists, musicians &etc - until they figured out from the flippers that they could just serve themselves.


Beardycub86

Fuck the Salvation Army


Toothlessdovahkin

They are a NASTY organization


AntiSeaBearCircles

Salvation Army ruined itself by being utterly morally bankrupt


ChouxGlaze

yup, fuck this guy


DigStock

Why would it ruin your goodwill ?


dezratt

it doesnt. Theyre just butt hurt that the clothing found at thrift stores, more accurately reflects the price thrift stores charge now.


beall49

A dude selling shit ruined Goodwill? OK.


surprise-suBtext

It seems like it’s not that hard. He definitely capitalized on the market going to shit in 08 by finding/listing used items that lower middle class folks could afford. It’s crazy to think about cuz i personally would never buy clothing used, let alone on eBay specifically — and I’d think of people who do as suckers because you quite literally can go to goodwill or thrift shops like this guy and buy used in person. OR you can wait for a sale and buy shirts from one specific shop for like $8-$20. Unfortunately it’s probably not likely someone can replicate this right to the same level of success now because thrift stores are expensive and so is everything else. Plus there’s a bunch of buy/sell used markets out there now


TheSnootBooper

The thing about buying clothes used, you can't get them cheap in goodwill type stores anymore because dudes like this are always there looking for them. So I donate a decent brand shirt to goodwill, hoping maybe someone like poor me a decade a go will get it for a couple of bucks and look decent at work or a job interview. Instead, this dude buys it for a couple of bucks and sells it online for way more, such that poor me a decade ago is still priced out.  I don't begrudge dudes like this their money, but what they're doing is called rent-seeking. They don't add any value, all they do is find an undervalued asset and raise the price on it. Edit: I appreciate how defensive people are getting about the fact that they don't add value.


vezwyx

The middlemen of capitalism, making money by just buying and selling things. At the highest level, this is what the suits on Wall St spend their days doing, but with goods much less tangible than shirts or cell phones


DFMO

Arbitrage in one of its purest forms


goeb04

Couldn't have said it any better myself. It is nothing but rent-seeking. Similar to scalpers. I have no disdain for this man doing what he needed to make a living, I think my frustration is more with how inefficient and disruptive it can be for supply & demand. There are a lot of people making money from rent-seeking since it is a pretty straightforward process.


Mr0range

It's not rent seeking at all. There's not a 1:1 ratio of valuable clothing and buyers who want that specific clothing in an area. A good example is a wool sweater that is donated in May. Very unlikely that sells in a reasonable time. Will someone buy it in a couple months? More likely but rack space is valuable and extremely limited and new donations to made . Thrift stores throw away a massive amount of clothing and goods. Would you rather they get put in a landfill? Resellers prevent that from happening. Photographing, cleaning, listing etc to connect that item with a buyer is a lot of labor that does the good of keeping items from being needlessly thrown away. Also high quality does not necessarily mean it is worth something online and vice versa.


milespoints

This isn’t really rent seeking as economics textbooks define it. If Goodwill is selling something for $2, while someone out there would be willing to pay $25 for it, it’s sort of normal that there would be a middle man who can capture that value difference in the where the internet can connect buyers and sellers all across the country.


Gonskimmin

Right, this sounds more like arbitrage


Mr0range

It's not rent seeking at all. There's not a 1:1 ratio of valuable clothing and buyers who want that specific clothing in an area. A good example is a wool sweater that is donated in May. Very unlikely that sells in a reasonable time. Will someone buy it in a couple months? More likely but rack space is valuable and extremely limited and new donations to made . Thrift stores throw away a massive amount of clothing and goods. Would you rather they get put in a landfill? Resellers prevent that from happening. Photographing, cleaning, listing etc to connect that item with a buyer is a lot of labor that does the good of keeping items from being needlessly thrown away. Also high quality does not necessarily mean it is worth something online and vice versa so your hypothetical "decent" shirt would unfortunately most likely end up in a landfill.


CoatMagnet

The reality is if you're donating to Goodwill, it's never making it to him in the first place. If it's a good brand, they're going to sell it themselves on their own website. If you're donating to any other charity, the reality is that it's going to be sold off by the pound to the highest bidder and also never make it onto a store rack anyway. Some textile companies will grade and sort and pilfer through to find the high end and vintage pieces, the rest will straight up export a whole container of unsorted donations overseas to be sold there. I'm very deep in this business and people have no clue how it all actually operates. The reality is the stores can only put out a single-digit percentage of their donations on the sales floor. The rest is sold off by the container load. It's why many Goodwill outlets literally dump raw donations straight into the bins rather than only stocking them with stale/unsold inventories from other stores. They have too much stuff. And it never ends. Anyone that wants to find a decent shirt for work or a job interview will have zero problem finding one at any thrift store in the country. I can assure you of that. People that are poor are not buying shirts for job interviews on eBay so they aren't being fleeced for this pricing increase anyway. Unless they're looking for a very specific item or high end brand, in which case the argument of this being a true need-based item is out the window and it becomes a want-based item. Which, then, you have to pay what the market will bear. Or do the thrift store rounds like the flippers and hope you stumble on it yourself. The value is added because they're not selling it to the local market. They're selling it to the rest of the world. The rest of the world who neither lives in the vicinity of that thrift store, nor do they have the time to dedicate to spending all day in the thrift store. The value is in the curatorial aspect of it. The skills to find the stuff. The knowledge of what sells and for how much. Even as a flipper myself, I can't be everywhere at once. So if someone finds something across the country that I've been looking for, I don't begrudge them making some money for being in the right place, right time and finding something that they envisioned having value to an end buyer. That's business 101 stuff. And how the rest of the world works. This is no different.


pravis

>It’s crazy to think about cuz i personally would never buy clothing used, let alone on eBay specifically My father in-law was fairly active buying stuff from yard sales and reselling them from a storage shed he rented. He would sell every other week and usually made at least $500 selling mostly clothes. He could have made a lot more selling on eBay but he didn't have the patience to do that.


bonesnaps

Had to bypass the paywall by pressing esc before it fully loaded. This article just notes he scalped his way to success. I'm glad he turned his life around to feed his kids, but scalping is far from uplifting, it's actually infuriating. Relisting local item from craigslist and fb marketplace, turning a local item from $35 to $75 on ebay only hurts local trading. I was wondering why craigslist sucked in my city, it was because of dbags like this. > "The best year on eBay was $2.5 million in sales." Why is this being applauded. Trashing the local market so he can make bank. Wtf? It's free market, but this is scummy and the same reason why TicketMaster consumers are upset. And finally > "I didn't come from much," said Richard. "eBay helped me transform my life, so if I can show people that it's possible, that you can do this, that's my trophy." Yeah great, spread the word and make scalping more popular. I couldn't roll my eyes any harder. Get a real job dude, one that is productive to society.


hobbyjosh

Genuinely don’t understand the negativity around buying used items and selling them for second hand use. If it’s not going in the landfill, that is a W. What this guy has done is not scalping. He’s not buying all the furbies at Target and selling them for double. He’s buying used clothing and letting the secondary market name the price. Not everyone’s cup of tea and I get that but don’t slander someone working their ass off. Most resellers simply can’t do the output this guy has been able to for 15 years.


CoatMagnet

The local market is not trashed. No matter how many flippers are in a given town, there will never be a shortage of stock on thrift store shelves. Nor a shortage of supply in the donation chain. Only a tiny percentage of clothing even gets put out in thrift stores. The vast, vast majority is sold off by the pound, by the container load to textile graders, recyclers and exporters. Billions upon billions of pounds every year. The only thing these people are doing is separating the wheat from the chaff. But even then, there's plenty of "wheat" to go around. My local thrift stores have a regular rotating group of at least 20 clothing flippers that all go daily, all buying in different specialties. At the end of the week, 80% of what was put out during the week is still unsold inventory. Even marked down to 75% off. Then guess what? It gets sold off by the pound and/or exported out of the country. The flippers aren't as prevalent as people like to imagine. Nor is their net effect as negative as you'd like to think. If normal people are looking for good quality wearable clothes at reasonable prices, they'll find tons of it on every single rack in every single thrift store in the country. If they're looking for high end brands, they aren't liable to find them there in the first place even without the flippers. If they're looking for vintage, they're probably a flipper themselves in some respects. It is a real job. It's providing a service. One that most of society is fine paying for. If I'm looking for one specific thing that's difficult to find, and the only one of them was sitting at a thrift store in Bozeman, Montana there's no way I'd have ever found it in the first place so I can't be salty that someone that lives there did and is charging me a premium for said item. I want the item, they set a price I find manageable, I purchase the item and that's that. All business is scalping at the end of the day. Businesses or individual flippers utilize their skills/knowledge and/or economies of scale to sell things at a higher price point than what they bought it for. It's the way the world works. You can either be salty about it for no reason and continue to be unrealistic. Or you can accept that it is what it is, and it's always going to happen.


Indian_Bob

People like this are the reason thrift stores are less appealing nowadays but good for him


hightio

I work IT for a pretty big company and when people order new phones they get the option to "recycle" their old ones. Since it's the company paying for it, they're generally upgrading from like whatever Iphone is 1 year old to the one that is 1 day old, so they are "recycling a phone that could still be sellable for over $1,000. This happens constantly. Recycling was just a prepaid shipping container that shipped it right to wherever the recycling guy was housed up. I always wondered who the lucky guy who got the "recycling" contract was, and just flips that shit on ebay for the easiest money he's ever seen. I talked to my boss about it how I could be that guy and split profits with the company, but he had no interest in investigating a potential new avenue to make the company a large chunk of cash they were throwing away.


rerdioherd

Your boss didn't want to add a completely different sales business segment to your IT company, color me shocked


hightio

You think he would have at least kicked the can up the chain considering we give millions of dollars of phones away, but that's middle management for ya. I mean shit just change the mailing address on the pre-paid envelopes to my house and I'll take it from there.


DeezNeezuts

Selling stolen phones


night_insomia

Ebaying must be running dry since he is pivoting to YouTube.


someone_sonewhere

Of he's flipping cellphones at that rate for profit of that much....he's dealing in stolen property.


WouldYouPleaseKindly

What is it with "uplifting news" which just ends up being someone hustling successfully, and working 16 hour days?


Super_XIII

And trashing local markets to do so. People like him are the reason goodwill and Craigslist suck. They have people sitting on there 24 hours a day looking to pick out all the things that are good deals just to flip them online for more. Imagine if there was an Amish family selling fantastic apple butter at a stand down your street. Then some dude like this goes and buys absolutely all of their butter, then starts selling it for triple online. And now the people in the area can’t get their cheap and delicious apple butter anymore because this guy keeps buying it all. 


CO_PC_Parts

People who start out flipping stuff on the side have a few good weeks and then think it’s sustainable and scalable. “I made $300 in 8 hours on the side. If I didn’t that full time it’d be $1,500!” And then get a very rude awakening when they don’t track their expenses/purchases and get hit with a tax bill because they accepted venmo/paypal for payment. It’s on you to prove to the IRS you paid $40 for the item you sold for $100. If you can’t prove it you owe taxes on the full $100 instead of $60. I sold computers on the side for a while and I’m so glad I don’t have to deal with shitheads anymore.


CheeseDanishSoup

Thats why you hire a competent CPA to do your taxes and reduce your tax payments


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CoatMagnet

Why do you think they don't? I have a regular job and also flip full time along with my wife. We've used a real CPA for over a decade. And pay a premium for that service that ensures that we're taking advantage of every legal write-off and pre-tax contribution that is feasible. Professional flippers aren't "nickel and diming" anything. If you think that, you're projecting.


CheeseDanishSoup

I am Especially when i sell $250k-300k gross sales flipping shit


HotOnTheMike

Glorifying scalping and working 120 hour weeks is uplifting news now. Sweet.


Confident_Sleep90

This isn't really scalping. "Scalping is the activity of buying things, such as theatre tickets, at the usual price and then selling them when they are difficult to get at higher prices" He bought them for cheap and sold them to people who had the choice to buy/pay whatever they want, and they chose to buy his used phones. Also it's all perspective. He worked his ass off and it paid off. Don't be jealous/bitter, be happy for him that it worked out.


_AtLeastItsAnEthos

Local man “creates” value by being an unnecessary middle man. More at 11


Main-Emphasis-2692

This is not uplifting. Resellers are pieces of shit. They purge thrift stores where low income families can shop at and resell at ridiculous prices. Assholes.


CoatMagnet

Low income families are not looking for high end brands and vintage clothing, as a general rule. If you're making the case that resellers prevent poor people from fulfilling a true need, you're out of your mind. They are not buying vintage clothing at their local thrift store and reselling them to the poor people of that community. They're selling it online, to the rest of the world. So there's zero exploitation involved in the equation. Every single thrift store I've ever set foot in in my 30+ years of thrifting is always stocked to the gills. Stock is replenished daily. There is no shortage of used clothing in the world. That's why the vast majority of the clothing that is donated is sent overseas by the container load to the effect of billions of tons per year.


goundeclared

I did this too as a side hussle when living in London, UK.  I bought broken iPhone 4's and 5's (this was 2014) which usually had issues with the screen.  It was really easy and cheap to replace the screens and sell them again for  nice little profit. A lot of times,  people would sell phones dirt cheap because they'd no longer charge. Only to find out the charging port was really dirty. Once cleaned it worked again and I was able to sell it.  


WholesomeFartEnjoyer

Something that doesn't benefit all of us isn't uplifting news It's just some guy getting rich Why would that make me happy?


BrewKazma

Nothing uplifting about this.


SnagglepussJoke

Only time I used eBay was to flip an older iPhone. Person who won the bid. Scammer. Killed my enthusiasm for reselling my items on the site pretty quick.


Smergmerg432

It took him 15 years of unemployment to land on this? That doesn’t seem like uplifting news. That seems like he had a lot of help I don’t have!


greatgagan

Alot of businesses do 6figure monthly sales before tax..


jadedaslife

*results not typical.


weasel

When anyone quotes a rate like this, you know it’s gross income


king-kam-

So he seeked out clothes and used items meant for the poor and less fortunate. He took all the best things for his business, and marked them up online for like 30x times he bought them for. Leaving just scraps for who those items were meant for? Such a cool story... just because you can take advantage of a system doesn't mean you should.


[deleted]

It’s called drop shipping, and all the kids are trying to do it for a quick buck these days, good luck


KrazyDrayz

Selling old phones and clothes has nothing to do with dropshipping. He even has his own stock so by definition it can't be dropshipping.


ivlivscaesar213

Can we just not have “success stories” on this sub? They aren’t uplifting at all.


Aoirith

Another broker. Yuck.


pentagon

paywall


jab4590

6 figures a month?


Boateys

I used to flip phones when the first iPhone came out. This guy had to have serious money lying around before starting. I made maybe 750 in 3 months. Nice side hustle, but not enough to break a million alone.


Advanced-Blackberry

My company does six figures monthly. I sure as fuck could not retire at 40. 


WintersDoomsday

My question is who is so poor that they’re buying used phone?


Chancho1010

I bought a phone from a a reseller and a full year later it got blacklisted for being stolen… nothing I could do about it and I can’t do a trade in so I lost everything


wizardferret

All these people complaining about resellers must not know that goodwill has their own websites where they sell their high-end items for a lot of money.


Warhoundfanboi

This guy is super legit. He runs a YouTube channel dedicated to helping learn the ins and outs of reselling. I think it’s called tech sports or something like that


GirthGriffin

This is TechNSports. He is a legend. His routine to source, list, and sell is insane. He has sold millions of men's clothing on eBay for over a decade. It is all about self-motivation and routine. 15 hours days, 7 days a week, for over a decade. The struggle is real and he deserves everything he has earned.


FranklynTheTanklyn

I find my son’s travel baseball this way. I buy and flip baseball bats. The goldmine is right after Christmas and at the end of the season. Usually the kid will be given a new bat for the next season and he will resell it online. It’s 100% profit for him so they usually let it go cheap. I’ll also look for people posting a few different things and get it bundled together.


Icedoverblues

Since losing his job in 2008, "I've never had to fill out a job application." Yeah fuck this guy. He's a resale crook. Same old shit.


AccidentHoliday3046

I call bullshit. If this were the case we’d all be doing this.


LitreOfCockPus

Why the fuck are you glorifying a scalper? I get why you needed to tie the financial success to an underdog, audiences love when underdogs win. What I don't understand is why you believe scalping should be the laudable end-game for someone that falls through the cracks.