My Most Profitable Flip Yet | Starting a Business
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- Опубликовано: 27 авг 2024
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In this video, I flip my most profitable item so far, and spend my evening trying to sell glowsticks to the city nightlife.
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I do hope you succeed Jon but you are not convincing me to chuck in my 9-5 😂
He needs to do better items by researching and go for cheaper stores.
I do this as a side hustle to make some money besides a 9-5
Please go away from clothing, I started with £100 and got to nearly £9,000 a year starting with electronics and moving to vehicles. Clothing margins are way too thin and not sustainable when in most cases you can 2x electronic values from say £150 to £280-300. I know you say it’s Jan so it’s probably too late now
Can you tell me what kind of electronics that I can buy for cheap and sell it for higher price please ?
I feel like that's risky because you need to have a very wide amount of knowledge for the different electronics you'd be handling and hoping they're not broken/faulty in any way because that can hurt you for hundreds to thousands.
@@JRUclipsHandle999 That’s why you stick to items which are less prone to faults eg they are less complex. You also need to spread what your buying in order to get working items
1. Why not continue Uber Eats while you flip clothes? Maybe keep doing it until you hit £1000, and you can flip higher ticket items / buy an electric bike to make Uber Eats easier.
2. Keep an eye out for Pokemon games at thrift stores, those always sell for good money.
the thing with uber eats is that he doesn't use his car for it, he uses a bike, which he has to rent. so he has to spend around £30 for one day of using the bike and then has to spend all of that day delivering food, which means he doesn't really get to do any other stuff, because if he doesn't spend all day delivering, he will be wasting the money he spent on renting the bike. uber eats on the bike was a big mistake. using his car would've been a better option
Could you put the series number in the title or thumbnail? That would make it easier to keep up!
4:16 NO!!! I refuse to admit it’s been that long since GTA V came out lol 😂
For the glow sticks: wait for a town event and then go to sell them. My friend sells baloons to kids on those kind of events. Takes 30 mins to sell everything and you can up the price
If they are selling out in half an hour they are not taking enough stock
Jon got the hustle of a drug dealer, he tried to flog a load of glow sticks down the town 😂 you’re an absolute legend mate!
I love this change up and how transparent you are. I would suggest collabing with creators of a similar following like, I took X as a power washing intern! I hope for your success, rooting for you!
With the glowstick thing . January is the quietest month for bars and hospitality because everyone has been out meeting people and spending in December so in January most people so it may work better another month . Also on a night out most people have painful feet, low battery and it could be raining so you could try getting some cheap power banks from 1 below or beyond whatever it's called now, charge them up and sell pre charged ones at a profit, also Asda and boots do cheap version of blister patches and £1 shop do umbrellas. But if you try that maybe be careful with umbrellas because if the wind turns them inside out and they break you could upset some drunk people and that's not a good idea. Good luck with everything . :)
This is the top content. Those £$ numbers on the screen make me watch all the way till the end. Good job.
I used to live around the corner from that Revive charity shop. Always had such low prices and a high turnover of stock
5:26 yeah, I agree, prime is just disgusting, idk how people drink that stuff. People used to be paying like £10 a bottle for this stuff, and now where I live, you can get a crate of 12 of the things for £2.50, but even at that price, absolutely not.
Should have done this when we could give you suggestions! Great series overall but more interactivity wouldve been great :(
I remember you did Mystery Shopping in a previous video, I’m not sure if that will make an appearance in this series, but I’d guess in a city like Leeds there would be a lot of opportunities for that?
8:17 idk what you folks are doing in the uk but in the us that’s just a normal shirt LOL and we wear pjs out, it’s trendy for some reason but i’m not complaining
Most of the time Startups make negative profit but makes so litter even sadden the expectation
hey jon . can i just say i appreciate you taking feedback in and implementing it into videos . been here since almost the beginning .
Why didn't you included the cost of getting your pedals certificate?
Golf stuff - Always Facebook MP
How come you don't include gas costs?
You also opted to using a bike instead of using the car?
I don't think I understand your parameters for what counts and what doesn't for getting counted 😅
Loving this series, keep it up!
Great series. Would love to see continue it after this.
I like the videos are longer now
Will you be including ad revenue/sponsorships in this challenge?
You're limiting yourself by sticking to clothes - obviously it will be easier when you have more cashflow, but if you're going to keep flipping you should move to higher ticket and more profitable items as soon as you can.
I feel like the clothes flipping has been going the best for you so far. If it’s not too much see if maybe you can powerwash on the side and stay flipping clothes
Pick a niche and start to learn and build your knowledge. The more knowledge you have the easier and easier it gets to make money. Trying lots of things and hoping one sticks is more unlikely to work because you’ll never really give one thing a chance. I do really admire your willingness to give things a go though
I find flipping things a very dishonest way to make money, but that's just me I guess. It's basically scalping. Not to mention it's basically complete luck on what you find / knowledge of the market.
What's dishonest about buying golf clubs, working hard to clean and rub them clean and then selling them to your doorstep without you having to do all the hard work?
@@freecryptos Ok, and what about all the other stuff
@@JustinYummy If someone is willing to pay the indicated price for an item there is no dishonesty in it. For this or any other stuff.
Loving this series
what about income tax?
Only applicable if he earns over £1k as there’s a 1k a year side hustle allowance
Bro where do you sell clothes and all this stuff. Is it on ebay??
the clothes he sells on vinted, it's an app for selling used clothing
he calls them "vinted clothes sales" a couple of times so i imagine he is using vinted
Jon - some real talk for you bro. I think you're a top bloke and have been watching since day 1. But seriously what are you looking to achieve with this type of content. I mean what you're doing is completely and utterly pointless. Are you honestly saying these sorts of videos you find satisfying? Genuinely curious.
It's actually entertaining to watch, and also to learn from it.
Shouldn't you be paying taxes over your intended monthly income of 2300 per month?
I guess he’ll start paying them when he reaches the amount that needs taxing
in the UK you have allowance up to which you don't pay tax for self employed people
Yes he should. What he's doing is basically illegal (selling glow sticks in the street)
In my country, platforms like Vinted report your income directly to the fiscal administration, so you pay taxes on every sale you make.
If it's a regular source of income you shouldn't be doing it as an individual and do it though a company so all your profit would pretty much disappear :')
@@HansFriedrich532in the UK it’s not illegal to sell on the go if you have a pedlar license 👍 Vinted brought in new regulations recently regarding resellers and profit, but looks like it won’t have made enough to surpass the amounts - so he’s fine 😆
£12,570 tax free allowance.
okay
If anybody deserves to win at RUclips it’s you 👍🏻
I can remember in one of your first ever videos of yours that I watched that you did computer science? I wonder if there would be any way to scrape eBay or vinted for arbitrage opportunities flipping expensive stuff?
Your videos has really made me want to call in at the local charity shops 😂
4:30 . I think there has been miscommunication in the store and they sold for 15 each. LOL. There were 12 so it would have been 180.
electronics are better