Meet Shannon Jean, the Entrepreneur Who Made Millions on the Liquidation Circuit

Influencers have manufactured cooking with costco content, unboxing toys, climbing candles and cleaning on the camera. This story is about a man thousands of looks for information about the sale of liquidation.

59 -year -old California resident Shanan Jean, a resident of California, who has made a career for auction and liquidation for goods and then resumed its discoveries, bringing millions to millions and profit in millions. He covers around 40,000 followers on X-“Auction and liquidation is my playground,” her bio reads-with information about lectures who are ready for online auction, posts about goods ranging from a large-scale supercomputer to high-and-door tika.

The path of genes for millions of dollars in sales began with a college landscaping business – and eventually put his children through school. Jean has created adequate coordination with suppliers, which they first call with additional inventory, and they have done everything from computer parts to sports jersey. These days, he spends most of his time to advise others, focusing his sales efforts on small, high-ending items.

“We are cleaning the disabilities in the market,” Jean said InvestopediaTheir business, they explain, in the products that “found a house, the way the manufacturer or retailer thought they or anyone did not sell – a buyer – too much,” he said, “he said,” There are people like me who go inside and fix it. ”

‘I made my way in the food chain’

Jean is one of the increasing number of people who depend on the return industry – the National Retail Federation has estimated a price of $ 890 billion for its livelihood.

His handbag business, rebound fashion, got out of the ground in 2018 when he joined the additional purse with Massey’s liquidation division. He bought some and studied months how others sold similar pieces on social commerce sites. Jean moved at a cost of thousands of dollars when cheap models were taken into bags. Cruise-ship operators hit the Mahasas and they no longer had passengers riding on their ships and were buying high-level goods from their boutiques.

“I created my credibility,” Jean said. “I made my way in the food chain.”

By the time the gene rebound was away from fashion, it sold $ 3.7 million in sales in about three years, he said.

The gene started again years ago when a contact reached with additional goods, giving him hundreds of thousands of dollars a week in returned watches. He soon realized that he could not address the technical concerns of the customers, such as an ortty-riding height on a flight is not detecting the height correctly, so he found a partner with mechanical and industry by asking here and there in Diamond district of New York City.

Jean said he had sold $ 15 million in watches. He still receives watches, sort and inspects for his partner, but the volume he handled has reduced in recent years.

A college gig full-cycle comes

Jean began to resume at the college, when running a landscaping business, he noticed that the equipment was selling slightly more in an auction as he was paying to rent it. So he started buying whatever he wanted, and resumed trucks, tractors and cranes in other areas.

In the early 90s, Jean traveled to the country, with apple computers, monitor and printer scooped with additional inventory from retailers and shutdowns with the corporation. The genes used parts and entire products selling, and built some businesses around technology repair and supply to other businesses.

He learned how to work with concerned vendors about his relationship with suppliers and brands, agree not to list items on eBay, sell them abroad or, in a case, in a case, bring goods to the west of the Mississippi River. Although there are some legal restrictions how he took off the objects, the gene found that adjusting the requests of the partners created synergy and led the future deals.

He used e-commerce in the early days of the sector. Jean and his wife made a successful, $ 28,000 bid in a liquidation auction for 18,000 sports jersey from e-retailer Woot. He paid $ 1.25 for Jersey a pop that usually stated retail retail from $ 100 to $ 130, and revived them for sports-guds shops, comic books and collectible shops and online buyers.

Jean said he came to know that “if you were good in finding the right deal, it sold itself.”