Business Tips: How to make $20,170 in 2017 | The #2017FlipChallenge

Business Tips: How to make $20,170 in 2017 | The #2017FlipChallenge

Awesome Tip: How to make $20,170 in 2017 | The #2017FlipChallenge



THIS IS THE #2017FLIPCHALLENGE. WE ALL HAVE A TON OF ITEMS LAYING AROUND AND WITH THE E COMMERCE AND SALES PLATFORMS THAT EXIST TODAY, THESE CAN ALL BE SOLD FASTER THAN EVER. SPEND YOUR TIME WISELY AND GET THE JOB DONE.

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Gary Vaynerchuk is a serial entrepreneur and the CEO and founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 5 locations. Gary is also a prolific public speaker, venture capitalist, 4-time New York Times Bestselling Author, and has been named to both Crain’s and Fortune’s 40 Under 40 lists.

Gary is the host of the #AskGaryVee Show, a business and marketing focused Q&A video show and podcast, as well as DailyVee, a docu-series highlighting what it’s like to be a CEO, investor, speaker, and public figure in today’s digital age.

Make sure to stay tuned for Gary’s latest project Planet of the Apps, Apple’s very first video series, where Gary will be a judge alongside Will.I.Am, Jessica Alba, and Gwyneth Paltrow.
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24 Replies to “Business Tips: How to make $20,170 in 2017 | The #2017FlipChallenge”

  1. I Enjoy those series, But in my case I have to have about $40k in sales (only a half of that is pure profit) in order to complete this Old Challenge from 2017..

  2. As a real flipper, let me break down what happened here: So you bought that large nerf package for $40 (overpaid btw) and saw a comp for $200 (didnt show proof of actually sellng it) and popped up on the screen "profit $150". Haha. That package is over 3lb, so you're looking at $10+ in shipping, then you have the final value fee + paypal fee of 3% so there goes another $25, then you've got to wait for the item to actually sell and you need some kind of an inventory management system in place to store your inventory while you wait for it to sell which means you need to invest in shipping supplies, organizational supplies, etc. Not to mention the taxman is going to tax you self-employment income at a whopping 13% on top of your already high federal/state income taxes. So if you pay $10 on shipping, $25 in fees, and lets say a marginal $1 per item on shipping expenses, then you get whopped for 30% from the tax man, you maybe made $75/$150. That's why you needed to buy that item for $20.

  3. Came across this challenge just a few weeks ago, so decided to do this challenge for 2019. So far, sold 2 items for $249 in the last week, so pretty excited about the start! Anyone else who is trying to do this in 2019, feel free to connect with me on IG. @nishanthpaul92 Would love to connect with the other hustlers out there!

  4. I've been to garage sales and found some dope comics, but every time the seller looks up how much it's worth and I leave, how you handle that ??? sellers that look up shit right away

  5. I know even if I was homeless I would be making money because of this flip. Many homeless people still have phones or access to the library internet. If I was homeless I would never be broke lol.

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