How to Resell Used Pallets for Profit: $1,000 a DAY Flipping Pallets w/ Simplest Biz Course Student

Рет қаралды 76,121

Күн бұрын

Play matchmaker between pallet buyers and sellers to flip pallets for profit. Varnie started his pallet flipping business in 2020, and has already scaled it to $1000 a day (and beyond).
He credits John Wilker's Simplest Biz course with helping him get started.
Disclosure: If you sign up for John's course through my referral link, I'll receive compensation.
KEY MOMENTS:
0:00 How Varnie discovered pallet flipping
2:00 How the pallet flipping business works
5:00 How to source pallets to flip for a profit
5:30 How to find buyers to resell used pallets
6:30 How to price used pallets
7:25 The storage and logistics of a pallet business
9:00 Varnie's $6000 day!
10:30 Why pallets are like shovels in the gold rush
11:00 Varnie's biggest deal gone bad
13:08 Starting conversations and getting past gatekeepers
15:15 Varnie's plans to get to $1,000,000 a month
16:35 Varnie's #1 tip for Side Hustle Nation
IMPORTANT LINKS AND RESOURCES:
👉 The Simplest Biz Course: www.sidehustlenation.com/simp...
👉 My interview with John Wilker: • Pallet Flipping 101: $...
👉 Varnie's site: mvpalletsolutions.com/
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📲 Spotify: www.sidehustlenation.com/spotify
99 MORE SIDE HUSTLE IDEAS:
💡 www.sidehustlenation.com/ideas/
Thanks so much for tuning in!

Пікірлер: 123

@dwightdamion8253 Жыл бұрын

His story is similar to mines. Been doing this for almost 2 years. No courses, no training. Just bought a flatbed and went out looking for pallets. Best financial decision ever.

@NickLoper Жыл бұрын

Great work, Dwight!

@juancarloszavalaramirez9195 Жыл бұрын

Hey man I Beverly looking and go to places to ask for prices and where can I sell and all the info can you give me any advice I will appreciate lt

@windowpros8523 Жыл бұрын

Where did you find a REASONABLE Flatbed truck ?

@MrLmezza Жыл бұрын

This guy has changed his life for the good! I make over $144,000 per year kzfaq.info/get/bejne/iLh0Y9yql7TcdJs.html

@benhavin813 Жыл бұрын

Thinking about doing this I have a truck with dump trailer 8x14 I do landscaping and have some days off

@RealJamaicanKitchen Жыл бұрын

This man is a true entrepreneur, he makes no excuses, great job,I want to be like you some day doing the same thing in Philadelphia.

@NickLoper Жыл бұрын

💯💯💯 keep us posted!

@williamrodriguezmswlcsw8119 Жыл бұрын

If you want to Be Like, then you have to Act Like. Everything has already been done so dont try and reinvent the wheel. Follow the path that has already been proven to work and stay the course. If the formula is proven to be successful, then all you have to do is stick with it and you're guaranteed success, it's only a matter of time!!!

@mikeeydrennon Жыл бұрын

How’s it been going I’m currently in Philadelphia and was thinking bout doing this

@RealJamaicanKitchen Жыл бұрын

@@mikeeydrennon I found a little here and there and sell to the pallet yard, been busy at my job ,but will get back to it hopefully and step it up.

@jaycole4372 2 жыл бұрын

Watched this 3 times!! Major Motivation

@zgdev5198 2 жыл бұрын

Understand I know this man personally in everything he’s telling you guys is the truth

@NickLoper 2 жыл бұрын

For sure! Thanks for tuning in, Jay!

@Mutalib7Bey 2 жыл бұрын

👍🏽

@anthony562 Жыл бұрын

Major Respect Varnie & Matt Pallet Co!! You setting the bar up there man and its too all good! I’m inspired by your work ethic and knowledge. I may need to book a trip out to Baltimore and pick your brain too lol. Peace n Blessings to you n your fam!

@NickLoper Жыл бұрын

👍💯💯💯

@richardjohnson6849 Жыл бұрын

Great work! I need to follow your example. Peace be with you.

@NickLoper Жыл бұрын

Thanks for watching, Richard!

@danecharles8048 Жыл бұрын

Wow great video! Great personality I could see why companies trust him! I’m sure he can do 1 million month!

@NickLoper Жыл бұрын

💯💯💯 thanks for tuning in, Dane!

@IamBlaqueBlossom 10 ай бұрын

starting this ASAP!

@NickLoper 10 ай бұрын

Keep us posted!

@robinpallets Жыл бұрын

Ive generated several million dollars in the pallet business! I tip my hat to him

@NickLoper Жыл бұрын

😮💯💪👍 good work!

@dereckwhite5774 9 ай бұрын

Big up my yardie !!

@NickLoper 9 ай бұрын

Thanks for watching 👍

@scottboedy5299 Жыл бұрын

this sounds too good to be true

@Chris27883 Ай бұрын

It might be if he was the only one to do it. I personally know someone doing this and in his second year he was making 450k AFTER taxes.

@MoneyTary26 6 ай бұрын

The problem is that if a side hustle is discovered and broadcast it online, eventually it becomes over saturated by people trying to get into the same things and also businesses catch on and discover how to make profits for themselves and cut off the middle man... in summary, if you discover an untapped side hustle no one knows about, keep it to yourself or charge an unafforable amount so only select few learn it... when its given for free, the side husle is no longer effective

@MM-ow2md 3 ай бұрын

why are these people sharing their 'secrets'?...i have to ask...is it more profitable to sell the course than actually doing the pallet business? ............I can't help being skeptical....most businesses keep things secret and keep their niche to themselves...

@MoneyTary26 3 ай бұрын

@@MM-ow2md exactly. Their real profit is the course, not the actual secret itself

@itsrelativ3967 Ай бұрын

This guy is a liar saying he has no experience. He and everyone else selling these BS courses are already in logistics and know if it can be can be sold, they can act as gurus to influence people to think they can quit their job to make this a full time thing when it’s only a supplementary weekend income. He’s making it seem like a person just easily starts this without heavily investing office/equipment and warehouse space. He probably has years logistics and transporting experience. The average person will go broke or in debt if they don’t have a business network. This is why I stick to pressure washing. I can find so many things to wash that people didn’t know existed and that’s just my side income on top of my 65k/yr job. Ironically I hate other blue collar people with a passion.

@tylerlonzie4610 Жыл бұрын

Do you need a specific license to drive a flatbread.? Cost to obtain.?

@brettleisy356 Жыл бұрын

its almost impossible to get pallets around here, sure you can get 1 or 2 if you wanna drive 30 miles. or if you want to spend $5-10 on broken, warped, rotting pallets. Ive been looking all over even for just moderate conditioned ones for crafting with. but its almost cheaper and in some cases cheaper to buy fresh wood from the lumber yard even with this stupid woodflation.

@Varnie444 2 жыл бұрын

❤️

@NickLoper 2 жыл бұрын

Thanks so much for sharing Varnie!

@chazlon5061 2 жыл бұрын

What percent of pallets can I get for free?

@DWJ92 Жыл бұрын

Lol funny thing is I was going around myself today asking companies if they had pallets they didn’t need. I also found a company A with pallets in the back went to company B which is right in front of A who needs pallets

@NickLoper Жыл бұрын

Pretty crazy, right??

@ErickFooty 8 ай бұрын

What type of business needed the pallets and what type had some to give? Thank you in advance brother

@DWJ92 8 ай бұрын

@@ErickFooty the company that needed the pallets stored and shipped items for online businesses like Amazon. The company that gave me the pallets was a furniture warehouse

@boomieboo Жыл бұрын

You asked the same question I had when I first heard about this. There are established businesses that rely on pallets for their inventory regularly so they must already know where to get them from and have their pallet-using logistics already set up. But suddenly they're going to need you? It doesn't make any sense.

@charlesolayinkaoyedeji8431 Жыл бұрын

Services and businesses are not static or set in stone. There will be cracks and opportunities, or cheaper and even better customer service that will always open the doors for new entrants.

@allanherrera9549 Жыл бұрын

But neones say how you get the pallet

@jepaulruffin9191 Жыл бұрын

Is there a contact for the gentleman , would love to get some more pointers...he's really an inspiration. Thanks for interviewing him.

@NickLoper Жыл бұрын

You can find Varnie at mvpalletsolutions.com

@velageo Жыл бұрын

I was literally just thinking the same thing. Since pandemic I lost my entire business. So buying a truck would be tough. Wonder if I could rent a truck per day and use that as cost of doing business.

@mentorpallets6692 Жыл бұрын

@@velageo as long as you have the business set up, you can use the truck rentals as a business cost.

@rpsoren Жыл бұрын

I've been contemplating this for a couple weeks now. I live close to an area that is getting lots of warehouses (Amazon, Walmart, UPS, Lennox, Ball, Nestle, ect) somewhere about 40-50 warehouses and at least 20 more going up in the next year! I've called a couple pallet recyclers and it doesn't seem like any of them are buying. My question is how do I find buyers and who do I ask for when I approach these warehouses to ask what they do or want for their pallets. I'm serious when I say these warehouses probably have 50-100k (or more) pallets each and I think when this current building boom is over there might be close to 70 warehouses that have over a million pallets!!! And I really want a piece of the pie! I only have a 16' enclosed trailer now, and really no place to store pallets. Where or who should I be talking to about a place to store pallets? Also what do you think about this name for a company : purple pallet people, and eventually have purple trucks?

@Gradytguy Жыл бұрын

I like your questions. Did you get any answers?

@brittonburden4006 4 ай бұрын

There are companies that buy pallets like scrap metal. Google for your area. You get MORE money for finding a business that needs them and wants to pay more

@kingrobthegreat7446 Жыл бұрын

Do you advertise on on Facebook Marketplace? Or did you do paid ads on facebook?

@NickLoper Жыл бұрын

My understanding was it was FB marketplace.

@kingrobthegreat7446 Жыл бұрын

@@NickLoper Thank you much! I saw John Wilker w/ his pallet biz and got inspired too. I don't have the money for his course, and he doesn't offer a payment plan. He should offer a monthly plan but oh well! I sold some to some small businesses but not that many at once. The fact that Varnie has ppl coming TO HIM gives me hope!! If I can make 500 or find 500 pallets maybe I too can have ppl come to me instead of vice versa! [which is a prob b/c i can only afford a pickup truck] ty for the vid & God bless The Varnie Man!

@Hohmies86 Жыл бұрын

Do I have to start an LLC? Will companies still buy pallets from me if I’m not a company myself? Do I need to get insurance?

@NickLoper Жыл бұрын

Not legal advice and depends on your own risk/liability comfort level but in most cases you can start a business as a sole proprietor to test the waters, then incorporate and get insurance once you get traction and feel like it’s something you’re gonna stick with.

@kraken9634 Жыл бұрын

Thanks for answering that question for him. I was curious of that as well@@NickLoper

@bdb7185 Жыл бұрын

@@NickLoper that sounds good. I was always wondering do you need an LLC to do it. But testing the waters is a must

@lashaa5 Жыл бұрын

I'm just starting where can I store them once I get them?

@NickLoper Жыл бұрын

Varnie said he started out renting one parking space, but I think John (his mentor) tries to just make same-day deliveries so no storage.

@christopherhawkins6703 Жыл бұрын

You can also rent an inexpensive outside storage unit, thru a storage facility.

@edc120912 Жыл бұрын

Yes, just as stated above. I rented a 10×30 storage unit the first few months when getting into this. I used a battery operated nail gun for repairs. Make sure the storage unit is a drive up unit. Hope that helps.

@mindyourbusiness1934 Жыл бұрын

How much does John Walker course cost?

@jarrodbarkley7573 Жыл бұрын

2grand

@CoconutPete 2 жыл бұрын

I'm skeptical but curious. By now I imagine everyone and their grandma is trying to do this... Do companies roll their eyes when you try to get or sell pallets?

@saudiaj1108 2 жыл бұрын

Hi my boyfriend makes 1,200 a day reselling pallets. He started about 3 months ago and brings in 12k month. Definitely think it worth it to get into all you need is a pick up truck and trailer. So far the pallets yards he used have welcomed him with open arms and are really impressed with how many he brings in which is about 200 each load. The only tricky part is getting the pallets some companies won’t allow it and some will just have to talk to store managers. Hope this helps.

@Keylofrom229 Жыл бұрын

@@saudiaj1108 I’m getting started myself. How many hours does your boyfriend work a day if you don’t mind me asking?

@genesis204 Жыл бұрын

@@saudiaj1108 why when I look on Facebook marketplace there’s like 100 different ads selling pallets for anywhere from $1 to $9. Is it not this saturated everywhere? A lot of people are offering custom sizes, drop off included etc etc. Seems like you’d be stuck with pallets in this market.

@enochrry6024 Жыл бұрын

No wonder there are raggly cheap pallets all over the place,that break once a pallet jack lifts a load on them..🤣!..The only quality pallets that last are the pallets cut from wood mills themselves,that are built for endurance and stability.

@tonyciroc6565 Жыл бұрын

I make fresh pallets from scrap from start to finish but for the moment I'm just holding on to them I'm renting a garage and stocking them there I used to work at a pallet Factory and used to make a lot of 48x40s and I kind of copied their way of work just made a mold and that's how I make my pallet quite easy.

@ronjones9128 2 ай бұрын

They pay one dollar for forty eight by five way valleywood

@thriftedflip 2 жыл бұрын

Dang, I just rhrew out some pallets that were at my home

@NickLoper 2 жыл бұрын

I can't help but see $ signs whenever I see them lying around, as long as you have the means to transport them!

@jshah5437 2 жыл бұрын

Hi Nick, im in the UK, how can I do something like this here?, i see pallets everywhere, disposed of, etc, ready for the taking

@NickLoper 2 жыл бұрын

That’s great. I think it starts with the conversations on what normally happens with the used pallets and then trying to find other nearby companies that need them to ship their stuff out. Keep us posted!

@michaelmackay4823 2 жыл бұрын

I found a guy with pallets on a bigger vehicle than mine..he sells and buys them.so I started straight under him.

@jeffdorris5321 2 жыл бұрын

🕶🙌

@NickLoper 2 жыл бұрын

Thanks for stopping by Jeff!

@willmergers7371 Жыл бұрын

If u were gonna make 90k. Why didn't u just negotiate for time and give them 10k when pallets are sold. Plus 10k for your guys. Still 70k profit

@LetsGetHaram Жыл бұрын

whats the best place to source for pallets.

@NickLoper Жыл бұрын

Thanks for watching, Ibrahim. My understanding is that many pallet sellers like Varnie start by sourcing from local companies who receive their inventory on pallets, but don’t really have a solid system to dispose of them or re-use them.

@Pauleazy420 2 ай бұрын

Do people still do this? My dad used to point these out to me 30 years ago.

@NickLoper 2 ай бұрын

Apparently it’s still a thing.

@gee-gbolohjarbah834 9 ай бұрын

What’s the guy with the black shirt name and business

@NickLoper 9 ай бұрын

Varnie from MVPalletSolutions.com

@b0cajuni0r 8 ай бұрын

Anyone here that is not from the US and trying to do the same?

@freddybalentine9358 Жыл бұрын

Wat about plastic and rubber pallets

@NickLoper Жыл бұрын

I imagine there are buyers for those as well.

@Varnie444 7 ай бұрын

They’re also good to sell

@keinelgreen475 2 жыл бұрын

Is John official bc I’ve been hearing how his methods are not valid?

@mikesuermann8600 2 жыл бұрын

What I've gotten from the course is a general understanding of the business. I'm 8 modules in. I put it down for a few weeks to focus on my regular job, but im not making what I want to make in my regular job and now I'm diving back into the Simplest Biz again. I do wish the course was more precise in a lot of the education. And I also wish it was more professional. Its kind of like several videos slapped together. John could have definitely put a few more bucks into a more professional production for the course. But, it's a great start and from what I hear,, the FB private group is very valuable. Once I get to module 10, I'll jump in the group and do more of a followup. Overall, the business seems very interesting and profitable.

@keinelgreen475 2 жыл бұрын

@@mikesuermann8600 please do I’m in the process of purchasing it just a little hesitant

@NickLoper 2 жыл бұрын

Thanks for the insight Mike!

@olegigoverich7684 2 жыл бұрын

@@mikesuermann8600 any follow up?

@ljmanz55 5 ай бұрын

whats your location?

@NickLoper 5 ай бұрын

Baltimore

@jordanengman2462 Жыл бұрын

i get mine free people throw them out all the time

@NickLoper Жыл бұрын

Nice!

@atlantabirdgang Жыл бұрын

Mannn....if it would have cost him 10k to make 80-90k, swallow your pride and pay the 10k. Sheesh

@NickLoper Жыл бұрын

Yeah, there must have been something else to that story.

@Varnie444 7 ай бұрын

Ok so here is how that works, they will ask you for $10k, than $20k, than $30k than $40k …I think you get the idea by now. Remember, YOU are the one that they need, you don’t need them. You were helping them clean out their warehouse so that they can have more space for their products. In reality, they were supposed to be paying you to clear out their warehouse and not the other way around. That’s why I refused to pay. Interestingly enough, my competitor ended up leaving them hanging and they had asked me if I’ll be willing to get the pallets for free, but I respectfully declined, because I have several Amazon warehouses and I’m fine with those accounts.

@christopherkrockel1556 Жыл бұрын

All of you talk about the fact that you make so much money yet no one says where to get the pallets these business that willets talks about all recycle there stuff they aren’t willing to just give it away for free

@Varnie444 7 ай бұрын

We all had to pay for the information. Don’t be afraid to invest in yourself.

@jillwilliams9056 Жыл бұрын

The only pallets on that truck that will worth money with a 48x40s the rest of them were trash was considered scrap and I guarantee you this guy don't live on the east coast cuz you don't make money like that in the east coast one day 48x40 is the Pay Dirt the rest of it is trash

@NickLoper Жыл бұрын

Based in Baltimore, MD

@Varnie444 7 ай бұрын

Education is key in this business. As long there are businesses all around the country, there will always be pallet opportunities for someone.