The Financial Wolf & Synder giveaway is now finished however this article is one of the ultimate prizes for all the participants.
Financial Wolf has prepared an exclusive guide for those who are interested in earning money by flipping electronics and those who are going to scale an e-commerce business. Exclusive tips and resources to widen your skills are below.
Hot-topics Q&A about flipping electronics from Financial Wolf
1. China is not the cheapest vendor anymore, is it?
Only a year or two ago, it was customary to order electronics from China, because China is where most devices and spare parts are produced in the first place. However, the prices have risen significantly for the goods produced in China lately. That’s why more and more sellers are looking toward Taiwan as a cheaper place to order electronic parts and gadgets in bulk.
Resources to learn more about it:
- How to Find Solid Suppliers for Wholesale Electronics
- The 5 Best Sites for Buying Bulk Items at Wholesale Prices
- The Best Way To Find Wholesale Suppliers, Vendors And Products For Your Online Store
2. What to sell other than Iphones in 2021-2022?
Laptop computers, smartwatches, digital cameras, cell phones, tablets, MP3/MP4 players, headphones, etc.
Smart home: monitoring devices, thermostats, digital assistants, smart lights, locks, robotic vacuums, security cameras, even smart blinds!
Gaming Consoles, Electronic Spare Parts, etc.
If you have a local electronics store, consider providing repair services, too. The costs are minimal, and your income will rise as will your clients’ loyalty.
Learn more about ecommerce trends:
- Best Selling Items on eBay in 2021: The Latest Trends
- Dozens Of Trending Products To Sell In 2021 For Huge Income
- The 20 best-selling electronics on Amazon
3. Where to sell electronics?
If you sell new electronics, choose from eBay, Amazon, Facebook Marketplace, Walmart Marketplace.
For selling used gadgets: Decluttr, YouRenew, Gazelle, ItsWorthMore, NextWorth, Letgo, Gadget Salvation, OfferUp and more. But my personal favourite is Facebook Marketplace.
Resources to learn more about it:
- 11 Best Places to Sell Your Used Electronics
- The Best Way to Sell Used Electronics
- 9 Best Places to Sell Electronics For Cash Online
Top YouTube channels to develop your ecommerce business skills
All prominent business owners devote a portion of their time to self development every day. At least 20 minutes of listening to podcasts, or watching a video about new trends on the market whilst drinking your morning coffee can skyrocket your business to the next level.
The two hosts JJ Buckner and Brad Finn guide you on how to manage your finances wisely, living a debt free life, and show you how to invest with maximum profit. The episodes go live weekly and are available on Youtube, so it’s easy to stay tuned!
JJ and Brad have their own YouTube channels which touch upon such topics as investments, house renting, trading etc.
If you’re a young entrepreneur, then following JJ’s videos will be something you need to start doing right away to learn tips of how to start a successful business and what mistakes JJ would like to have avoided when he was 18 y.o.:
Want to know the fastest way to financial freedom? You need to check the Average Money podcast for not average dreams.
Jimmy Donaldson, better known online as MrBeast, is a YouTuber, businessman, and philanthropist. Imagine, once, he gave away a private island! He has millions of views on his videos, and is a great source of inspiration for your creative marketing campaigns!
What if you need to sell some Christmas stuff, how would you stand out from the crowd during the holiday season? MrBeast has an extraordinary solution for you with the world record of decorating a whole house with Christmas lights. Check him out for more!
YouTube and Tiktok creator, Jake films engaging videos that blow your mind with the ideas and viral trends. Jake’s channel is a great source of inspiration if you’ve decided to promote your business on Tiktok and are struggling with what content to make.
Every dropshipping business owner needs to know this guy, since his course is worth all the gold on the planet. Biaheza is a great example of a self-learned 18y.o. entrepreneur: over 5 years he studied e-commerce secrets, marketing strategies and finance management, and now he’s running a Dropshipping course to help young entrepreneurs make money online. Check out all of his videos, for a bunch of useful information!
Of course, we can’t help but mention the Financial Wolf himself. He is an 18-year-old business person who documents the journey of building wealth with e-commerce on his channel.
His recent video about flipping business is something that’s got a lot of attention because William goes all the way himself and records every step of how to start your flipping electronics business from scratch. Good opportunity in 2022, right?
Claim your second prize from the Financial Wolf & Synder giveaway!
Just wanted to remind you that this guide is only the first prize for participating in the giveaway! Another one is a FREE month on Synder! Sign up now and reach out to the Synder support team using the in-app chat or the contact data in the footer of this page to learn more about what Synder can do for your practice.