The Simplest Biz – Shipping Products Brokerage Business
We have partnered with John Wilker, founder of The Simplest Biz, to offer you his knowledge and insights on how you can start and grow your own Shipping Products Brokerage Business.
John has developed a simple yet effective business model for providing middle-man services for businesses that ship and receive products. Specifically, he acquires industrial byproducts, the kind of stuff that’s used for shipping like pallets, cardboard boxes, crates, and sells them to others for a profit.
How to Start a Pallet Flipping Business
Anyone can learn how to do this business, and you can start it as a side-hustle or grow it into a full-time small business. There is very little investment required up-front, and you don’t necessarily even need your own truck. There is also no inventory, no warehouse, and no employee issues to worry about. All it takes is determination, the willingness to develop contacts in the industry, and to learn the proven business model for The Simplest Biz.
SPECIAL OFFER:
We’re thrilled to share some exciting updates from The Simplest Biz that are designed to give you more flexibility and tailored options in stepping into the pallet recycling business.
Previously, this comprehensive training was available as a single, all-encompassing course. We’ve listened to feedback and recognized the need for more adaptable learning paths. That’s why we’re now offering three distinct training packages, each designed to suit different levels of ambition and stages of business growth:
- Economy Package: Ideal for those just starting out, this package focuses on the fundamental strategies of sourcing and selling pallets locally. It’s perfect for getting your feet wet without a huge commitment.
- Basic Package: This option builds on the Economy package by adding training on multiple revenue streams. It’s tailored for those looking to expand their business scope and profitability through additional products and services.
- Preferred Package: Our most comprehensive option, this package includes all courses offered. It’s crafted for the serious entrepreneur ready to dive deep into brokering, advanced marketing strategies, and much more, offering a full spectrum of expertise and knowledge.
Learn more about these three packages: The Simplest Biz Packages & Special Offers
Each package is structured to guide you through whichever phase of the recycling business you choose to go after, ensuring you have the tools, knowledge, and strategies to succeed.
For detailed information on each package and to find the best fit for your entrepreneurial journey, and to receive a special offer for The How of Business podcast listeners, please visit The Simplest Biz Website.
Related Podcast Episodes:
John Wilker has been a guest on The How of Business podcast several times over the past few years. His appearances on the show are always some of the most popular episodes, and The Simplest Biz has proven to be a great business model for all types of small business owners. Here are the recent episodes John Wilker has been a guest on to share his knowledge and experience with the pallet flipping and brokerage business:
You can find all episodes of The How of Business podcast on the Archives page.
[We may receive commissions for purchases made through these links (more info).]
More About the Shipping Products Brokerage Business:
The shipping products brokerage industry is a vast domain, essential for global trade and logistics. One of the niche yet lucrative segments within this industry is pallet flipping or brokerage. As businesses across the globe continually seek cost-effective and efficient methods for shipping their products, the demand for standardized shipping platforms, primarily pallets, has grown substantially. This demand surge has paved the way for entrepreneurs and brokers specializing in acquiring, repairing, and selling pallets: the business of pallet flipping.
One of the key benefits of the Shipping Products Brokerage Business, which includes pallet recycling, is the it’s not dependent on the internet for sales and marketing. Instead, this small business model is based on building and developing relationships with local businesses and can be run without the need for a website or online presence.
This means that your small business is not subject to the same risks and uncertainties as the other internet-based businesses, making it a more likely to be a stable and reliable source of income.
Pallet flipping or recycling refers to the business of acquiring (often for free!) unused and unwanted pallets from one company, and then flipping them or selling them to another company nearby in need of these pallets. It can also include acquiring damaged wooden pallets, fixing them up, and reselling them at a profit. This can include repairing broken boards, replacing missing nails, and sanding down rough surfaces to make the pallets look and function like new. The pallets are then sold to businesses or individuals who need them for shipping or storage. This can be a profitable small business for those who can develop (by building relationships) a steady supply of used pallets at low prices (or free) and have the ability to transport them to a buyer who can use the pallets.
And it’s more than just pallets that can be brokered through this business model. The shipping products may also include cardboard boxes, crates and other shipping products used by companies to store and ship their products.
The profitability in the pallet flipping business arises from the markup between acquisition and selling price. Additionally, the business has relatively low entry barriers. While large-scale operations may require storage spaces, trucks, and manpower, an individual can start on a smaller scale with minimal upfront investment. However, and with most businesses, this type of small business isn’t without challenges. Market prices for pallets can fluctuate based on demand and supply. Moreover, ensuring the quality of pallets, understanding different pallet standards, and maintaining a consistent supply chain are essential aspects to consider.
Frequently Asked Questions:
- Q. What is a Shipping Products Brokerage Business?
A. It’s a brokerage or middle-man services business for companies that ship and receive products. Specifically, you acquire industrial byproducts, used for shipping like pallets, cardboard boxes, crates, and sell them to other companies for a profit. Although it’s more than just pallets, it may be referred to as a pallet flipping business. - Q. Is this the same as a Pallet Flipping Business?
A. Yes, but it’s also more than just flipping pallets – it can also include cardboard boxes, crates, and other shipping supplies. - Q. What’s the investment required to start a pallet flipping business?
A. This type of business usually requires minimal capital investment. You don’t even need to own a truck to get started, since you can easily rent a truck to move the loads of shipping products initially. The biggest investment will be your focus and effort to learn how to do this and then get out in your area and make the contacts. - Q. Who is this business for?
A. Shipping Products Brokering, or pallet flipping, is for anyone who is will to invest the time and effort. It mostly requires determination, the willingness to develop contacts in the industry, and to learn the proven business model for The Simplest Biz. - Q. Can you make money flipping pallets?
A. Yes, you can make money in the pallet brokerage or flipping business. While there are no guarantees that you will be profitable, plenty of people from all types of backgrounds have created successful small businesses by applying the proven techniques shared by John Wilker in his Simplest Biz program. - Q. Is this the same as a Pallet Selling Business?
A. Yes, that is one component of The Simplest Business. One opportunity of this business involves the brokering or flipping of shipping pallets (wood and synthetic pallets of all sizes) that you acquire from companies who have no need for them and selling them at a profit to other nearby companies that do require them. Unlike some pallet selling business models, however, you will likely never have to store or keep inventory of pallets or other shipping product (i.e. drums, barrels, boxes). Instead, you are simply moving them from one location to another. - Q. How do I create a Pallet Flipping Business Plan?
A. As with any Small Business Plan, you should start with an outline of your proposed business model. The Simplest Biz course will provide you with a step-by-step plan to help you get started and grow your pallet flipping business. Your Business Plan should include your target market, how you will find suppliers and clients, your operations model, and your financial projections.