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How to find niche flips

/thread
A question I am asked often: how do you find collectibles and limited items?

There are lots of different ways - this is my favorite.
I get a little distracted, and if you do too, that is great news!

Getting distracted and following your curiosity is one of the best ways to find profitable items.
A tool you want to keep handy is something called a "swipe file."

This is just a location in a place like Evernote or Notion where you can dump info about profitable items.

I keep a lot of info in my brain as I have been gifted with a great memory.

But there is just too much!
Once you have a swipe file, you can start storing and cataloging all of the information you find.

It's a great place to dump things that don't seem valuable at the time, but you can go back later and search to find new opportunities.
Let's pick a starting place and go on an adventure together.

I choose...

creations.mattel.com
They recently released a 1962 MERCEDES-BENZ 220 SE COUPE - selling for roughly double the sale price on eBay now.

This looks like a good place to find unique flips.
The first thing I am doing to do is make a note to check back there!

I will sign up for their newsletter and analyze any new releases they send to me via email.

The next thing I do is visit their Instagram. Here is where the magic happens...
Sure, I could use Instagram to keep up with releases.

Or, I could use Instagram to see who Mattel Creations FOLLOWS.

This is how I discover their network and adjacents.
Anything that looks like a company or an artist and with a blue checkmark, I want to check out.

I am going to then look at who THOSE people follow, ad infinitum.

This is like going down a YouTube "suggested videos" rabbit trail for hours, only for money instead of entertainment
The first account I find is an instant follow - toy news from people who devote all of their time looking for the next big thing.

I've just outsourced all my work, and one of their top posts leads me to another big name.

Mondo is a name a recognize, so I hop over.
It takes me about 20 minutes, but finally I start to find some interesting stuff 👀

So - what could possibly go into the swipe file?

Mondo enamel pins
Tom Whalen
Wolverine
Tom Whalen has done a lot of work with Mondo, and the Limited Edition prints are NEVER reprinted.

This is a great indication to me that popular franchises and artists are low-risk flips.

Whenever I see the name "Tom Whalen" now, my internal alarms will tell me "look closer."
Also, the Mondo site is supported by @LightningATC___ which means I can be virtually guaranteed to cop sought after releases and sell them quickly for presale.
Rabbit trails like this can carry you for hours and hours.

When exploring, take note of:

-Series
-Colors
-Brands
-Characters
-Companies
-Limited Runs

Find a place to dump screenshots of your findings & review them often.

Over time, you build a massive reservoir of knowledge.
You will eventually settle into a niche you know very well.

This will lead to opportunities not only for yourself, but also the opportunity to help other people profit from your knowledge.

Becoming expert in a niche could lead you to create a course or even community.
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More from @oliverflips

24 Aug
50 Lessons I will teach my boys while they are young

/mega thread
Stewardship

Never complain, never explain.

Your friends don’t care and your enemies won’t believe you.

If you complain (about anything), you are asserting that you know better than God, and that whatever He has given to you is not right for you.
Finances

You can’t take it with you.

Live on little, save some, give most.
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20 Aug
How to find Wholesale Suppliers

(the easy way)

/thread
Amazon is getting stricter with sellers.

Lose a shipment?

They won't take a receipt, they need an invoice.

Retail / Online Arbitrage is a great way to start and to make a good living

BUT

You should hedge your business with multiple sources of business income.
Wholesale is a great option - here's why:

-Lower prices
-Higher barrier of entry
-Larger product selection
-Get ungated in anything they carry
-Lower margins but higher volume/ availability
Read 13 tweets
17 Aug
How to go from $0 to $2000+/month flipping

/thread
People message me all the time asking how they can start flipping with $0 cash.

It's easier than you think.

This is how.
Find free stuff.

People give away free stuff ALL. THE. TIME.

They don't feel like donating it or selling it, they would rather you come and pick it up.

-Go get it
-Clean it up
-Sell it on Craigslist or Facebook Marketplace
Read 23 tweets
16 Aug
How I increased my income by $500 / month

With $0 product cost

/thread
DISCLAIMER

This is free money, but it's not "zero work money"

If you're not lazy and you like free money, keep reading
When I first started on Amazon, I bought a course by @MediaBoca that taught me how to sell used media on Amazon.

Most interesting to me was the books.

But I did not like going into most thriftstores / Goodwills because it was either junk or over priced.
Read 21 tweets
14 Aug
How to make $10,000 per month by shopping online

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Buy Keepa

Keepa is $20 per month and tracks data points for all items sold on Amazon.

If you want to resell on Amazon, you need Keepa.

No exceptions.
Learn how to read a Keepa chart.

Google, ask Twitter, buy a course - whatever you have to do, learn how to read a Keepa chart so you know

-What to buy
-When to buy
-When to sell

Don't fly blind - use the data.
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21 Jul
How I walk into a retail store and walk out with $500 in profit

Over and over and over

Anytime of year

/mega thread
First things first:

You have a unique way of looking at things.

You can find things few others can.

This is your advantage.

Exploit it!
Attitude is important.

You need to be humble.

You don't know 1% of anything. If you think you know it all, you will never find profitable items.

Your biggest enemy is yourself.

Come to terms with this.
Read 27 tweets

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