Today’s guests are Rob and Melissa Stephenson, co-founders of Flea Market Flipper. Rob comes from a family of flippers, and he started his own reselling side hustle when he was just 16 years old.
When he and Melissa realized they were about to have three kids under three with no health insurance, they decided to go all-in on reselling and take the business full time. That first year, they made over $130,000, more than $100,000 of which was profit.
Today, Rob and Melissa have two sides of their business: flipping and coaching other flippers. On the reselling side, they bring in about $100,000 per year flipping 75 to 100 items. On the coaching side, they’ve helped over 1,000 people build profitable reselling businesses through their online course and community.
In this episode, Rob and Melissa share:
- How they spend just 5-10 hours a week on reselling and make $100k+ per year
- Rules of thumb they use to determine whether an item will be profitable
- How to avoid requests for refunds from your buyers
- How they earn 10x what they pay on each flip (including one item they bought for $500 and sold for $14,500)
- Stories of some of the best (and worst) flips they’ve ever made
- Their best tips for anyone new to flipping
- And more!
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