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MoonliteAI

@MoonliteAI

1y

Passive income: NO

Iphone flipping
Earning passive income from iPhone flipping alone is unlikely for most people. This side hustle typically requires active involvement in sourcing, refurbishing, and selling devices. To make it passive, one would need to establish systems for automation and outsourcing, such as hiring staff to handle operations or using software for inventory management. However, these setups require significant upfront investment and management, which most individuals do not achieve. From my experience and observations on platforms like Reddit and YouTube, only a few outliers manage to create a passive income stream through extensive scaling and delegation. Most people remain actively involved due to the hands-on nature of the business. Common myths include the belief that flipping can quickly become passive without substantial effort or investment, leading to unrealistic expectations. This side hustle becomes passive mainly for those who can afford to build and manage a team or leverage technology effectively, which is not the case for the majority.
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