TLDR;
In this YouTube video, Charlie Cochrane documents his journey of flipping iPhones to turn $1,000 into $10,000. He starts with $1,000 and uses Facebook Marketplace to buy cheap iPhones, which he then resells for a profit. The series is split into four parts, with each episode detailing his purchases, repairs, and sales.
- Initial investment of $1,000.
- Focus on buying and reselling iPhones via Facebook Marketplace.
- Aim to reach $10,000 through profitable flips.
- Documentation of each transaction and repair.
Finding and Flipping the First iPhone 11 [0:00]
Charlie starts his journey by searching Facebook Marketplace for cheap iPhones. He quickly finds an iPhone 11 listed for $250 and negotiates the price down to $200. Upon receiving the iPhone 11, he notes it is in good condition with minor scratches. He plans to list it on Facebook Marketplace for $350, aiming for a $150 profit.
Acquiring and Listing an iPhone 12 Pro Max [1:32]
Just a few hours later, Charlie finds an iPhone 12 Pro Max for $500. The phone is in mint condition with 88% battery health. He lists the iPhone 12 Pro Max for sale at $680, anticipating a profit of $180. With this new acquisition, his total potential profit from both phones reaches $300.
Buying a Second iPhone 11 and Increasing Stock [2:10]
On day two, Charlie buys another iPhone 11 from the husband of the previous seller for $200. This iPhone 11 is in mint condition and includes the original box and charger. He plans to list it for $380, expecting a $180 profit. His total potential profit now sits at $480, with three iPhones in stock.
Selling the iPhone 12 Pro Max and iPhone 11 [2:58]
Later the same day, Charlie sells the iPhone 12 Pro Max for $680 and one of the iPhone 11s for $350. This brings his total earnings to $1,130. Due to the late hour, he decides to postpone further buying or selling until the next day.
Selling the Remaining iPhone 11 and Buying an iPhone 13 Pro Max [3:46]
On day three, Charlie sells the remaining iPhone 11, bringing his total to $1,510. Shortly after, he finds an iPhone 13 Pro Max 256GB for $650, which he estimates he can sell for $900, resulting in a $250 profit. He proceeds to purchase the iPhone 13 Pro Max.
Buying and Repairing a Damaged iPhone 13 Pro Max [4:52]
Charlie buys a damaged iPhone 13 Pro Max 256GB for $200, noting that it needs both front and back screen replacements. After consulting with a local repairer, he gets a quote of $500 for the repairs, bringing the total cost to $680. Once repaired, he lists the iPhone 13 Pro Max for $900, aiming for a $220 profit.
Navigating Slow Days and Preparing for Future Sales [6:04]
After about 24 hours, Charlie has only sold one iPhone 13 Pro Max, bringing his total to $1,760. Despite the slow day, he remains optimistic and mentions that another iPhone 13 Pro Max is scheduled to be picked up the next morning. He also reveals that he has arranged to buy another iPhone 13 Pro Max in excellent condition for $400, which he plans to sell for $850, projecting a $450 profit.
Saturday Success: Selling and Acquiring More iPhones [7:07]
Charlie sells the iPhone 13 Pro Max, increasing his total to $1,960. He then picks up the iPhone 13 Pro Max he mentioned earlier for $400, anticipating a $450 profit. Additionally, he finds an iPhone 14 with a cracked back and a small crack on the front for $400. He plans to get the back replaced for $100 and sell it for $700, expecting a $300 profit. He also secures another iPhone 13 Pro Max in mint condition for $700, which he believes he can sell for $850, earning a $150 profit.
Listing Phones and Seeking Assistance [9:26]
Charlie lists the iPhone 13 Pro Max for sale at $880. He recaps his current status: a total of $410, with three phones in stock. If he sells all three at his asking prices, he estimates he will reach $2,900, surpassing a quarter of his $10,000 goal in the first week. He encourages viewers to DM him the word "phone" on Instagram for one-on-one guidance on phone flipping.
Quick Sales and Progress Update [10:18]
Later the same day, Charlie sells the iPhone 13 Pro Max for $880, making a $180 profit. This brings his total to $1,290. He still has two phones in stock: the other iPhone 13 Pro Max listed for sale and the iPhone 14 Plus at the repair shop.
End of Week One: Final Sales and Total Earnings [11:00]
On the last day of the first week, Charlie sells the remaining iPhone 13 Pro Max for $900, bringing his total to $2,190. He still needs to pick up the repaired iPhone 14 Plus and list it for sale. This marks the end of the first week of his challenge.