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: 1. 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.