Jul 28 in General discussion
The Phone Flipping Power List
Objective: This Standard Operating Procedure (SOP) outlines the daily activities necessary for phone flippers to scale their operations to over $100K a year in profit, leveraging the "Phone Flipping Power List" methodology
Daily Tasks Overview:
- Make 20 Offers Daily
Goal: Generate at least 600 offers per month to ensure consistent deal flow.
Action: Utilize platforms like Marketplace, OfferUp, and Craigslist to connect with potential sellers.
Script: "Hello! I operate a business purchasing phones, MacBooks, iPads, SmartWatches, and other tech items. If I were to make a purchase today, would you consider a lower price?"
2. Respond to All Leads Promptly
Importance: Every lead represents a potential transaction, no matter the quality of the offer.
Action: Always respond to leads, offering alternatives if the initial item isn't viable.
3. Follow Up Daily
Persistence: Maintain communication with potential sellers until they make a decision.
Strategy: Implement a systematic follow-up routine to keep track of all interactions.
4. Dedicate Time for Learning (30 Minutes Daily)
Resources: Engage with educational content such as YouTube channels, online courses, etc.
Benefit: Enhancing skills through continuous learning directly correlates with increased efficiency and profits.
5. Track All Business Activities
Tools: Employ simple tools like spreadsheets or notepads to monitor all business metrics including profits, expenses, and operations.
Quote: "What is trackable is scalable." - Ensure detailed records are kept to identify trends and opportunities for improvement.
Detailed Daily Routine
Morning:
Review any new leads received overnight.
Send out the first batch of 20 offers.
Follow up on previous day’s leads and offers.
Midday:
Address new leads promptly.
Evaluate ad performance and adjust campaigns as needed.
Engage in 30 minutes of learning to improve business tactics and knowledge.
Afternoon:
Attend scheduled meetups or pickups.
Continue responding and following up with leads.
Document all transactions and interactions.
Evening:
Conduct final checks on responses and send additional follow-ups as necessary.
Plan for the next day’s offers and meetings.
Review the day's achievements and areas for improvement.
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The Phone Flipping Power List
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