298: $100k a Year Flipping Random Items: The Return of the Flea Market Flipper
Rob is a professional "money multiplier."
The good news, he says, is it's a skill that can be learned.
You might remember Rob "The Flea Market Flipper" Stephenson from episode 147 in late 2015. At that time, he was earning $30,000-$40,000 a year flipping random products on the side from his day job.
Since then, the father of 3 has taken his buy low, sell high model and turned it into a full-time 6-figure operation.
Rob doesn’t discriminate what the products are he’s flipping, as long as he can pick it up for a great price he’ll flip it.
I can’t blame him, since some of these single deals are worth thousands of dollars in profit. In fact, Rob only buys items he estimates he can 10x when he flips them.
Since we last spoke Rob has fine-tuned his processes for finding and flipping items. He still hits the flea markets weekly, but he also uses some interesting tools and apps to find more items.
He’s also found a way to save big on shipping cost, enabling him to go after bulky items with even bigger markups.
In this “where are they now” episode, I invited Rob back to learn how he scaled up his business, what his buying criteria or flipping process looks like today, and what he’s got cooking next.