731: Unlocking Big Profits from Liquidation and Government Auctions
The Side Hustle Show
Scaling with niches and damaged luxury bags
Shannon recounts building a $3.7M handbag business by sourcing damaged bags and exploiting niche demand.
What if you could turn a single dollar into $5,000 in under a month? That's exactly what happened to Mindy, a member of Shannon Jean's reselling mastermind community.
She bought two pallets of books from a government auction for $1 total, discovered they were packed with medical and curriculum books selling for $200 to $400 each, and turned that dollar into $5,000 within about a month. And she's still selling the books today.
Deals like that are hiding in plain sight — on government auction sites and retail liquidation platforms that most people have never heard of. Shannon Jean has been buying and flipping product this way for decades, and in this episode he walks through exactly how it works.
Shannon is a serial entrepreneur, bestselling author, and creator of the $5 Reseller Mastermind, a community that has grown to more than 3,000 members over the past year.
His motto: "Buy with math, sell with emotion." You can find him at ShannonJean.com.
Tune in to Episode 731 of the Side Hustle Show to learn:
- where to find government and retail liquidation auctions and how to get registered
- why your selling system matters more than finding great deals
- how to research before you bid so you never buy blind
(Get the auction starter guide at shannonjean.com/auction)
Full Show Notes: Unlocking Big Profits from Liquidation and Government Auctions
New to the Show? Get your personalized money-making playlist here!
Sponsors:
- Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!
- Quo (formerly OpenPhone) — Get 20% off of your first 6 months!
- Shopify — Sign up for a $1 per month trial!
- Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!
About The Side Hustle Show
This is the entrepreneurship podcast you can actually apply!
The award-winning small business show covers the best side hustles and side hustle ideas. We share how to start a business and make money online and offline, including online business, side gigs, freelancing, marketing, sales funnels, investing, and much more.
Join 100,000+ listeners and get legit business ideas and passive income strategies straight to your earbuds. No BS, just actionable tips on how to start and grow your side hustle.
Hosted by Nick Loper of Side Hustle Nation.
The AI-powered Podcast Player
