Every time a new iPhone comes out I have raked in a few easy thousand bucks.
- Step 1) Get a bunch of cash out of the bank.
- Step 2) Get some kids you know and trust to goto phone stores where they have lines and camp out at midnight this Thursday night.
- Step 3) Give them each plenty of cash to cover the iPhone Plus. I always try to get the smaller versions first. So they will need about 1200 MAX for the biggest one out of contract. If they can with contract should be half that or less.
- Step 4) Get iPhones at store. Go home list on eBay for the full amount you just paid $50 shipping (shipping bonus profit) on a no reserve auction.
- Step 5) Give 10% of the profit with people who got the phones. From past years I’ve made 20%-500% ROI. Obviously if you can upgrade its a huge return.
Best part is its 100% risk free. Although I have ALWAYS made money worst case scenario is you return it.Good luck. Especially those that try this in Lincoln, Nebraska. I have my army ready.
Now, while this has never happened before, its possible the stores wont have any in stock. I have spoken to our Verizon rep and he said there is every indication that they will.
But first time for everything.. Just wanted to make sure you are aware of it.
Joe
Why wouldn’t these kids just pocket the 1200 and take off? What is there incentive not to?, I mean besides their conscience.
Jeremy Schoemaker
I might be stating the obvious here but if you have any question the kid would do that then don’t.
In my case they are all college kids.
JS
I just heard Kevin O’Leary on CNBC say you can’t even buy an out-of-contract, larger iphone 6 PLUS on Friday — only with a contract.
Jeremy Schoemaker
Right which is why they would have to have a contract.
Trent Carter
I have a feeling all of those people rushing to buy an iPhone 6 Plus tomorrow are going to have buyers remorse in a few weeks, as it’s just WAY too big to be practical. Me, I’ll be getting a regular iPhone 6 with 64GB, assuming I can find a store that has any in stock.
Randy
How much is the most you have ever made? I think another step to add in there is to call the local places and see how many phones they will be having in the store so that way you do not waste time sitting at a store that is not getting any in.
Erik
Would it be smart to do this with the iphone watch too? Or do you think that will not take off at all?
Juan
If you were able to get a bunch of the larger phones, how much would you charge for them? I feel like $1,000 is a little low for the biggest phone.
Joe
Who all is getting the new iPhone? I would love to see pictures posted of them on here if that is possible and hear feedback to see if it is worth buying. I know just because apple came out with it and it is new that lots of people will be buying them but they will probably not like it and will be selling their’s in a few months.
Humberto
This is a great idea Jeremy! I seriously might have to do this just to earn a few extra bucks. Do they make you turn in your old one?
faisal
Oh the love for arbitrage.
Dan Brown
Works every single time! I do something similar but ship them all overseas and I’ve done it 3 releases in a row now… Enjoy your iphone 6!
Andre
That’s an excellent strategy to profit off the new iPhone. I just wonder how much better the product will be. Great post anyways!
Kostas Chiotis
Hi Jeremy – this is a great idea if you have the kids that you know you can trust! I’ll never understand why people get all kinds of crazy over new iPhones!
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Mabz Rahman
A great way to make money. I know someone who does that, but rather than giving them cash, they gave them prepaid credit card. Also paid them around $10 per hour to wait in line.
Do you have buyers lined up? or do you just list them on eBay?
Even though this is a simple way to make money and you have proven that, the sad truth is, I think most people will not take the call to action..