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In this video tutorial, the speaker discusses starting a business by buying used phones with issues like cracked screens, fixing them, and then selling them for a profit. They have successfully made around a thousand dollars each time they did this every week. The concept involves buying, repairing, and selling for profits, with the speaker providing information on how to start the business, including expenses and profits. Stick around to learn more about how to make this business model successful, as explained by the speaker, Ty Bryson, who uploads videos daily on YouTube. The speaker also asks viewers to consider how much money they need to make to make flipping phones worth it.