How to Buy $6,000 of Costco Returns for $975 (Step-By-Step)

Join me, Nik (⁠ https://x.com/CoFoundersNik ⁠), as I interview Shannon Jean (⁠ https://x.com/⁠@ShannonJean ), serial entrepreneur and auction reselling expert who has helped over 1,700 people in his $5/month mastermind start profitable reselling businesses from scratch. Shannon reveals how to make money with auction reselling, liquidation pallets, and government surplus deals—what I believe is the most accessible entry point into entrepreneurship in 2024. Whether you're looking for side hustle ideas, want to quit your 9-5, or need a proven system to flip products for profit, this episode is your complete roadmap. What You'll Learn: - The TWO commandments for profitable reselling: "Never buy anything unless you already know what you can sell it for" and "Buy with math, sell with emotion" - How to research auction deals on B-Stock, Costco liquidation, Gov Deals, and liquidation.com - Why retail price is a lie (and how to calculate TRUE market value) - Real examples: $206,240 MSRP sold for $4,200 | $1 investment turned into $5,000 profit | $3,200 products bought for $326 - The credibility funnel system you MUST build before buying your first pallet - Why 95% of resellers fail (hint: it's not lack of capital or product knowledge) - Seasonal arbitrage strategies for maximum profit margins - How to avoid the $34,000 mistake that kills new flippers - What NOT to buy: consumer electronics, vacuums, exercise equipment pitfalls - Live selling strategies for Whatnot, Poshmark, eBay, and Facebook Marketplace - How a high school junior made $10K/month reselling furniture - Why an accountant sold 700+ pressure washers in one year __________________________ Love it or hate it, I'd love your feedback. Please fill out this ⁠brief survey⁠ with your opinion or email me at nik@cofounders.com with your thoughts. __________________________ MY NEWSLETTER: ⁠https://nikolas-newsletter-241a64.beehiiv.com/subscribe⁠ Spotify: ⁠https://tinyurl.com/5avyu98y⁠ Apple: ⁠https://tinyurl.com/bdxbr284⁠ YouTube:⁠ https://tinyurl.com/nikonomicsYT⁠ __________________________ This week we covered: 00:00 Introduction to Reselling and Entrepreneurship 06:05 The Importance of Systems in Reselling 11:52 Building Credibility and Understanding Your Why 17:57 Finding Deals and Understanding Market Prices 25:12 Getting Started with Seasonal Arbitrage 27:35 Navigating Consumer Electronics and Exercise Equipment 29:53 Understanding Retail Acquisitions and Auctions 33:02 The Importance of Community and Support in Reselling 39:38 Realistic Expectations and Learning from Mistakes 45:17 Best Strategies for Q4 Reselling #ShannonJean #NikolasHulewsky #Reselling #Auctions #Flipping #Liquidation #CustomerReturns #Entrepreneurship #BusinessSystems #BuyWithMathSellWithEmotion #RetailIsALie #SeasonalArbitrage #CalculatedRisk #DontWatchNetflixWatchAuctions #CostcoReturns #Bstock #GovDeals #eBaySeller #Whatnot #Poshmark #SideHustleIdeas #EvergreenRevenue #SmallBusiness #StartupAdvice #FinancialFreedom #WealthBuilding #BusinessTips #BusinessGrowth #Monetization #FashionResale #LuxuryResale #ApparelResale #IndoorGames #Kohler #ProblemSolving #CommunitySupport #Accountability #ResellerMastermind #ToDidList #DopamineHunter