1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bank Hard With This Offline Method- Don't open unless you are willing to work hard

Discussion in 'Making Money' started by mschum, Jan 12, 2015.

  1. mschum

    mschum Junior Member

    Joined:
    Feb 6, 2014
    Messages:
    194
    Likes Received:
    48
    Location:
    Arizona
    Hey guys I figured I would give back to the community. I have learned a lot here and want to share a method with you. I'm not sure if it has been shared here, but if it has this will cover more selling platforms than other posts.

    So basically what we are doing is flipping smartphones. We are buying low from Craigslist and then selling on a site called Swappa. Swappa is basically an online marketplace for high end smartphones. You are able to charge more here, since people trust it more than eBay and you also only have to pay a $10 fee if it sells.

    So here's what I do. Go on Craigslist and type in "iPhone". Make sure you set it to for sale by owner only. 99% of the time you are not going to buy it for the asking price. I don't take any deals unless I will make at least $50 on the flip. I like to text the seller and lowball the shit out of him at first. For example, I know the Verizon iPhone 5S is selling for about $400 if it is mint condition in Swappa. So I am going to start offering $250 for everyone with a Verizon 5S for sell.

    In case you didn't know Verizon iPhones are worth a lot more. They come factory unlocked so this really increases their value. I don't like to deal with Sprint or Cricket. Verizon and T Mobile are all I go with.

    Okay so back to the method. If I text about 50 guys telling them I will give them 250, one of them will probably tell me to f*** off, 30 will say no sorry price is firm, and the rest will work with you on the price. The key here is quantity, you want to reach out to everyone selling an iPhone that meets your criteria. I guarantee you if you start this today, you will find a phone with at least a $50-100 profit margin.

    So know that you have some responses you want to go back to their ad and really analyze it. Get pictures of the phone and ask them for the IMEI number. This is the number that is basically the serial number. A simple g00gle search for imei checker will come up with tons of results. If the phone is blacklisted, don't buy it.

    Alright, so know you probably have it narrowed down to a few people. Keep in mind there is probably at least 5-10 other people in your city doing this. The key is to act fast. If they offer you a great deal take it then and there. Offer to drive to them and tell them you will be there asap. You want to close the deal asap before someone else contacts them and offers them more.

    Once you meet up there is another thing you need to check. Back when Apple released ios7, they came out with a feature called activation lock. Basically it is to prevent stolen phones from being used again. If you reset a phone it will ask for the iCloud account and password. There really is no way around this if you don't have the owner type in the info. So when you are examining the phone make sure you go into the setting and make sure there is no iCloud account attached. Seriously, the phone is a brick if you don't get this removed by the owner.

    So after purchasing head over to Swappa. Take excellent pictures of the phone. Most of the guys on here are hipsters/techies who really know their shit. A lot of them are android developers and just tech savy people in general, and are willing to pay more because they know Swappa is trusted. So the key here is to take 5-10 pictures. Get a pictures of all the corners and the back as well.

    I like to list my product for about $10 less than anyone else selling one in the same condition. Yeah, $10 is $10, but the sooner you sell this one the quicker you can reinvest. They don't hold your phones like eBay does. The second it sells I transfer the PayPal funds straight to my bank account and start looking for some new products. You are also going to want to offer free shipping. It really does make a difference, trust me.

    TIP: Do a search on Craigslist for "iPhone buyer". Once you have the capitol you want to make one of these ads. Basically create an ad saying you "pay top dollar for any iPhone". Get a free VOIP number and you're ready to go. I usually get about 20-50 texts a day of this. This is where the real deals are to be honest. These people are just looking for quick cash and don't want to have to list them item.

    TIP 2: Make connections. I have a few local buyers as well. These guys bank hard. I have one buyer who buys about 20-30 a day and sends them to Europe and Africa where iPhones are about twice the price as the USA. Now you might ask why don't I just send them there. Well because it's near impossible to find an over seas buyer. But make friends with these guys and they'll hook you up. Obviously you won't get as much money as you would from Swappa, but it's good for quick flips.

    Well guys I hope you learned something from me. This is how I started making money online and it's pretty simple. I shared this method because I know only about 1% of you will actually use it and take action. It's hard work, but it's worth it. In my prime I was making at least $100 a day. Biggest day was $300. So get off the computer and start making some money!
     
    • Thanks Thanks x 14
  2. mschum

    mschum Junior Member

    Joined:
    Feb 6, 2014
    Messages:
    194
    Likes Received:
    48
    Location:
    Arizona
    Screen Shot 2015-01-12 at 11.02.58 AM.jpg Screen Shot 2015-01-12 at 11.05.15 AM.jpg

    And for those of you say you can't find a good deal...I just went on CL and found this in about 2 minutes. Easy 120 profit.
     
  3. benmac95

    benmac95 Registered Member

    Joined:
    Oct 8, 2014
    Messages:
    75
    Likes Received:
    7
    Location:
    Sydney, Australia
    Home Page:
    Nice guide mate. Although buying second hand electronics can always be risky. Ever had any problems with faulty phones ext. after purchase ?
     
  4. angelas111

    angelas111 Jr. VIP Jr. VIP

    Joined:
    Jan 4, 2009
    Messages:
    1,591
    Likes Received:
    1,026
    Location:
    ohio
    You can make a recipe using https://ifttt.com/ that notifies you via text, email, etc when new listings pop up that meet your search criteria.
     
    • Thanks Thanks x 2
  5. sturose

    sturose Jr. VIP Jr. VIP

    Joined:
    Nov 6, 2013
    Messages:
    1,576
    Likes Received:
    1,936
    Gender:
    Male
    Occupation:
    Clicking my own adverts
    Location:
    Stuck in a rut
    Nice simple method for anyone who is struggling to make a few $$ online. No technical skills required just common sense and a little bit of knowledge about phones.
     
    • Thanks Thanks x 1
  6. mschum

    mschum Junior Member

    Joined:
    Feb 6, 2014
    Messages:
    194
    Likes Received:
    48
    Location:
    Arizona
    Yeah I have gotten burned a few times with bad sellers. If you check every thing out like I said 99% of the time you'll be sitting pretty. Only thing that can happen after purchase is that the seller reports its stolen and then you can't use it on the same network. Pretty annoying, but that's why I like Verizon phones. If that happens then you just sell it as T Mobile unlocked.
     
  7. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,073
    Likes Received:
    10,841
    Occupation:
    WHEREZ MA
    Location:
    BITCOINS AT?
    Home Page:
    This is a nice find but the gap will close quickly. Early birds can catch a few hundred $$$'s though.
     
  8. anatho

    anatho Elite Member

    Joined:
    Jun 4, 2010
    Messages:
    1,844
    Likes Received:
    181
    Location:
    Localhost
    The method itself is great and also will work, the problem is that this is only for people living in USA as it is offline business
    Because I see no way to make this completely online, there will always be sellers who will not be willing to ship it and only will meet in person
    And even if he would ship it and then it does not work or cannot be activated etc. it is difficult for you to get your money back
     
  9. Trepanated

    Trepanated Supreme Member

    Joined:
    Sep 18, 2010
    Messages:
    1,395
    Likes Received:
    5,377
    Pre-internet days I used to buy and sell cars as a sideline and used a very similar technique for buying them.

    I'd call everyone who was selling the model I was after and make stupid low-ball offers until someone didn't tell me to fuck off.

    It wasn't quite that unsubtle - I would tell them it was a car for my wife, but we only had £X to spend, it was her favourite colour, etc., and ask them if it was still worth coming to view the car.

    Anybody who said yes wasn't agreeing to the low-ball price, but basically I knew they'd sell. And when I got there I would still chip them a bit more too.

    I'd then take the car home and list it again straight away for a very good profit.
     
  10. T0NYS

    T0NYS Supreme Member

    Joined:
    Jun 21, 2014
    Messages:
    1,339
    Likes Received:
    1,029
    Gender:
    Male
    Location:
    #Shqipo
    what about us who live outside the US , any idea ?
     
  11. Trepanated

    Trepanated Supreme Member

    Joined:
    Sep 18, 2010
    Messages:
    1,395
    Likes Received:
    5,377
    You live in a country that has no smartphones?
     
    • Thanks Thanks x 1
  12. anatho

    anatho Elite Member

    Joined:
    Jun 4, 2010
    Messages:
    1,844
    Likes Received:
    181
    Location:
    Localhost
    He probably does not live where there are no smartphones but he lives where are no CL and swappa!
    Swappa has an EU section but as you can see there are no sellers there, so where is no seller there also is no buyer
    Also if you are outside from US really nobody would send you an iPhone that you bought from him on CL, even if he sends it shipping would be outrageous, also you would risk that he sends you a broken phone
     
  13. T0NYS

    T0NYS Supreme Member

    Joined:
    Jun 21, 2014
    Messages:
    1,339
    Likes Received:
    1,029
    Gender:
    Male
    Location:
    #Shqipo
    I usually find your replies mainly helpful or relevant , not this time though , If I text and call lets say 100 people a day I would spent at least $50-$90
     
  14. Trepanated

    Trepanated Supreme Member

    Joined:
    Sep 18, 2010
    Messages:
    1,395
    Likes Received:
    5,377
    Your post didn't say anything about texts or phone calls being expensive - was I supposed to assume that?

    It really costs 50 cents per text in your country?

    So why don't you improvise then?
     
  15. EZE1000

    EZE1000 Registered Member

    Joined:
    Sep 10, 2013
    Messages:
    71
    Likes Received:
    18
    Awesome guide, I am already looking at craigslist and you weren't lying, there are phones that are listed for cheap without even need to hustle.

    However, I do have one question that I was hoping you could help me with.

    On the Swappa website it says this; Devices with an outstanding EIP balance (money owed to carrier).

    Does this mean any phone that still has a balance on it is not allowed to be resold? How, as a person buying this phone off of craigslist are you able to double check that this may not be the case? With the IMEI # or is there another way??
     
  16. dav3416

    dav3416 Newbie

    Joined:
    Aug 18, 2014
    Messages:
    34
    Likes Received:
    2
    I actually found a nice online niche doing the same thing. Contacting people directly and having to go get the phone and get cash out for it is just toooo much work.. Sometimes I'll go to craigslist to see if there are any really good deals, but usually its all online for me... Make about $80 profit per phone and $125 per tablet. Just have to know what you are looking for and where to sell it at the highest price.

    OP how much do you average in profit each month?

     
  17. 01gt2v

    01gt2v Newbie

    Joined:
    Jan 14, 2015
    Messages:
    1
    Likes Received:
    0
    Perfect guide. It's been quite a while since I've tried anything and I think I'll start with this. How long does it take you to sell the phones on swappa?
     
  18. sturose

    sturose Jr. VIP Jr. VIP

    Joined:
    Nov 6, 2013
    Messages:
    1,576
    Likes Received:
    1,936
    Gender:
    Male
    Occupation:
    Clicking my own adverts
    Location:
    Stuck in a rut
    Think outside the box! AsTrepanated has said, he used to do similar with cars. I also used to do similar in my youth (Pre-internet/mobile phone days) but I would buy bicycles, computer games (old school stuff) and anything else my friends wanted to get rid of for quick cash.

    When someone is desperate enough for the ready cash they will usually massively undervalue items just to sell fast. It just depends how desperate they are and how persuasive you can be. Try it, what have you got to lose. I know someone who scours eBay daily looking for BIN auctions with best offers and submits ridiculously low offers for anything. He doesn't get to buy loads but occasionally he will drop on a bargain when someone gets really desperate.
     
  19. mschum

    mschum Junior Member

    Joined:
    Feb 6, 2014
    Messages:
    194
    Likes Received:
    48
    Location:
    Arizona
    Hey guys sorry I have been busy with other projects. But when I was doing this I was making about $100/day. Keep in mind about $20 of this went to gas. I was also fixated on my phone always updating Craigslist. It is a great way to make extra money, but it becomes a lifestyle. When I would go on vacation, I would even be doing it, scouring local cities for deals.

    In regards to phones with out standing balance, don't buy if you want to sell it on Swappa. They don't allow these. If the phone is unlocked however, you could sell it on CL as an unlocked phone and be fine.

    And phones can sell easily on Swappa within a few hours if listed at the right price. There are some guys on there who think that their 3 year old iPhone is worth its weight in gold and that is why you will see a lot of unsold listings.
     
  20. dannyslimited

    dannyslimited Registered Member

    Joined:
    Jan 10, 2015
    Messages:
    78
    Likes Received:
    48
    Location:
    USA
    Prostitution is easier and better ROI.