BidSpotter and Buying Piece-by-Piece

Shannon recommends bidspotter for buying individual tools or units from factory liquidations.

Play episode from 25:21

chevron_right

Transcript

chevron_right

Transcript

Episode notes

Shannon Jean is back, and this time he is screen sharing liquidation auctions and walking through exactly what he buys, what he skips, and why. Ben and Jon watch in real time as deals close, from pallets of appliances selling for a fraction of retail to seasonal inventory being liquidated for pennies on the dollar.

Shannon breaks down his sourcing strategy in detail. How to evaluate manifests, calculate landed costs including freight, and spot boring high margin products most people ignore like toilets, hinges, and lighting fixtures. He explains how buyers move bulk inventory fast by working with contractors and local buyers, and why relationships matter more than platforms.

He also shares real outcomes from his mastermind, including operators who scaled from small flips into physical resale businesses and others who pulled five figure profits from single pallets by buying the right inventory at the right price.

Find Shannon Jean's Mastermind at https://shannonjean.com/mastermind

Find Shannon Jean's Auction Starter Guide at https://shannonjean.com/auctions

Business is simple. People are lazy.

https://lowbarpod.com/

Join the private Low Bar Pod community and hang out with BK and Jon plus all of our other awesome members! — https://low-bar-pod.circle.so/checkout/membership

Sponsor:

Sleep like you’re dead (in a good way).

Grab yours at https://SwitchSupplements.com/lowbar

Use code LOWBAR for $10 off Killswitch — the sleep aid for people who can’t stop thinking about business.

Timestamps:

00:30 — Shopping with Shannon at Costco

11:30 — Figuring out Shipping

13:48 — Ace Hardware and Target Shopping

15:20 — How Niche Should I Go?

19:50 — How Shannon Would Resell Kohler Products

22:45 — Government Auctions: Helicopters, Planes, and Vehicles

26:40 — Seasonal vs Quick Flips