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Unconventional Entrepreneur
Shannon Jean
I swear this is true.
$1,812,984 worth of industrial supplies just sold for $13,050
All new product.
I quickly researched one line item and found the best price to be around $15K.
But let’s separate the facts from fiction on this deal.
Is it really worth $1.8M?
Hell no.
Since you have learned from me that the Retail Price is a Lie™, let’s agree that the retail price is 50% of what the supplier says.
$906,492
But let’s be even more cynical and cut that in half again for 25% of the store price:
$453,246
You invested $13K to buy this deal. Your freight, storage, and holding costs will add another $ 5K- $ 10K.
$23K.
I looked up the most expensive item on the manifest, and the best price I could find is around $10K. Home Depot had them for $12K and change.
Then you jump to the 2nd most expensive item on the list, which sells for around $8K. There are 3 of them.
Selling four products brings in $34K.
You are $11K in the black.
And you still own everything else. 3,163 items.
Now you see why I love these deals so much.
Is this a lot of work? Oh, hell, yes, it is.
Are there lots of problems to solve? You betcha.
Will it be challenging selling those four big water valves? Yep!
Should you buy a deal like this if you are just getting started with auctions? NO.
This type of deal is for a more experienced reseller. That could be you after some time.
But I hope you can see the potential of deals like these that happen daily.
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The best place to start learning about liquidation auctions is in our $5 Mastermind. Join 140 students who are learning where to buy and how to sell products like this.
When you join the $5MM, you also qualify for a call so I can learn more about how I can help you achieve more.
I had a great call with Mike McCabe last week!
Enjoy your week, and cheers to your success!
~ Shannon
How I can help you today
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As a builder and unconventional entrepreneur, I’ve learned that one key to success is adding value to others. Join the community that understands the power of giving first, learning from our mistakes, and always asking, “How can I help?” Explore building side hustles and successful businesses that lead to living an uncommon life.