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April 7, 2012

Massive Action While Flipping iPads, iPods and iPhones

Massive Action While Flipping iPads, iPods and iPhones

Why no one does it and why everyone wonders why nothing happens after they don’t do it.  It does not matter what we are talking about here, massive action tends to work because casting a large net catches fish.

Example:  Used iPhones, iPods and iPads.

Now, you may be reading this and you have $300 to your name or you have $300,000 – it doesn’t matter because what we’re about to tell you works at any scale (no pun intended about the fish).  Yes, you can buy used iPhones and iPods and iPads and make money.   Yes, if you have enough money to start, you can get rich fairly quick. The secrets are:

 A.     To not buy stolen property.

 B.     To not get held up, stabbed or shot.

 C.      To not get caught with a totally toast device.

The typical Apple device flipper will get on Craigs List and look for a deal, call the person and meet them in a parking lot.  Please don’t do this!

You have cash, they have the phone (very possibly stolen) and all they have to do is flash a gun under their coat or a knife and guess what?  They have your cash and their phone!

What about toast?

 If you decide to flip Apple devices, for a living or to get rich you have to take a little time and figure out what a fully functioning iPad, iPod or iPhone acts like.

How would you do that?

Find a reliable shop which repairs Apple devices.  Go to the owner and say: “I’m buying used Apple stuff.  I’m asking you to teach me how to identify one that is most likely toast (beyond repair).

I want to be able to buy broken devices cheap enough that I can bring them to you and pay you to fix them.  I’m also asking you to give me a wholesale price list because I will bring you a lot of repairs.”

If the first shop won’t help you, find another.

Use www.yelp.com (at the minimum) to check out the shop before you bother talking to the owner.

Our son Kort will help you if you’re anywhere near Glendora, California.  He owns an Apple device repair shop.  He has several customers he works with who flip or export Apple devices.  Here’s his website: www.iTechRepairPlus.com .  You can check him on yelp.com by entering “iPhone Repair Plus” and Glendora for the city.

Get some Street Feet:

If you decide to flip Apple devices and you do buy something on the street, meet them in the lobby of a bank or in front of a police station.

Specifically ask: Are you sure this is not stolen and you have a right to sell it?  Then, get their address, take a picture of them and get their driver’s license number or take a picture of their license.  What if they won’t do all that?  Walk away. Just put on your street feet and scoot.  However, you are wiser if you just never buy an Apple device on the street, ever.

1.      How and where should you buy used Apple devices to flip?

2.     How can you know what to pay for Apple devices?

3.     Where will you find buyers?

There are BILLIONS of dollars worth of Apple devices in drawers and desks in homes and businesses across the USA.

Yes, we know, there are some big companies with big websites and radio ads trying to suck up the apples that have fallen from the trees.

How can you possibly compete?

 A.     They want to pay peanuts for what they buy.

B.     People don’t want to mail the thing.

C.     You have the power of “now.”

People are hungry for cash in this economy.  If you just put 5,000 flyers on 5,000 doors, they’ll be digging that 3G, 3GS or even iPhone 4,  iPod Touch out and calling you!

So there it is – that nasty massive action stuff that an extremely few people in the population have the “steel” to do.  The best way to fail at this business and just any business is to not do massive action.

You can put out 500 flyers and fail or put out 5,000 and sail – sail anywhere you want to sail!

What should you pay?

 Geez, here’s another thing in micro business and big businesses that very few people are willing to do – research.

Get to know values by spending some time on eBay using the completed items feature.  ONLY items which actually sold will help you determine true value.

If you’re looking at a broken glass on an iPad 2 (for example) deduct the cost of the repair from the value on eBay and that’s about what you’ll get after you have it fixed.

The last part of this is deciding how much you need to make, and deduct that.  Now you have the figure that is the MOST you can offer, so offer a little less. You can go up a bit if they don’t like your offer.

Why?  It’s because when you let people “win” you’ll win.

Where to sell?

eBay is best, but again, you’ll be doing what very few people are willing to do – learning.  You MUST understand and follow all of eBay’s rules to the letter or they will slap you down and ban you for life!

Why are they so like that?

It’s like the old Hank Williams song: “Put yourself in my unique position.”  Actually, if you put yourself in their position – they are sick of people trying to game the system, so they just got to the point of zero tolerance.  eBay owns Pay Pal – so be aware, if they ban you, they are banning you from both.

How much can you make?

You can probably make an average of $75 per flip.  If you stick with massive action, you could soon be buying 5 and selling 5 devices a day – so that’s 5 x $75 or $375 a day.  If you work 6 days a week, that’s a cool $100K a year, dear.

What if you only do half that good?

Well, you’ll be raking in $50,000 with no boss, Hoss.

What about exporting?

If you’re originally from another country, do some checking and see what Apple stuff is selling for used back home.  In most cases, you’ll find you can make a lot more money exporting.

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