How to make money flipping items

Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among. With the right approach, thrift store flipping — the practice of purchasing items from a thrift shop with the intent to resell them — can go from a hobby to an income stream. Once you know what to look for at the thrift store, you can better seek out the buys with the most upside. Then, simply do a little maintenance and repair if necessary, clean them up, and resell. Not only will ShippingEasy automate the entire shipping process with designed workflows, but they also offer you huge discounts.

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Today, I have a fun interview to share with you that will show you how to buy and sell by flipping items. I recently had the chance to interview Melissa Stephenson of Flea Market Flipper , who explains how this may be a possibility for you. Hi Michelle! Thank you so much for having me on your blog! My name is Melissa Stephenson. My husband Rob and I buy used items and resell them online for a living. It has always been a side stream income for us, but more recently has become the bulk of our income. He started way before I did, and I got into it because of being married to him! Even though he was 16 when he started selling on eBay and in the classifieds, he was exposed to it as a young kid. His mom used to go to yard sales all the time when he was a kid and buy baby items to resell. She would find the nicest clothes, strollers, and car seats and post them in the classifieds. She made a great side income for their family of 9! They had 7 children and my husband is the youngest and only boy.

How to find things worth selling

Can you imagine being the only boy with 6 older sisters! He admits he was a little spoiled by them. This was something she could do with her kids, make some money, and still be home with them. Something we can do while still being home with our three young kids. We have a 4 year old, 2 year old and 9 month old, and having the power of our own schedule has helped us out a ton. We have had some pretty interesting items come though in the past 10 years of marriage. It is so hard to pick just one! I can put them into 3 best categories. The award for the fastest flip would go to a parachute harness we sold in September.

How long have you been flipping for?

Flipping started as a way for them to make extra money and has since become their full-time job. I had the opportunity to sit down recently with Rob and get to know his business a little bit better. Flipping is a term that describes purchasing an asset at a lower cost in one market and then selling it at a profit for a higher price in another market. The most familiar type of flipping is with real estate, but this can be done with other items as well. In our case, we do it with items we find at flea markets, thrift stores, auctions, and yard sales. Rob and Melissa pictured with their two little girls. I have been flipping items for profit for over 20 years now. I was right there with the beginning of eBay and all the changes with it over the years. As a year-old, I wanted to start making some income on my own to spend for fun! I still love to spend my money on having fun. I come from a large family with seven kids I have six older sisters! My mom started selling some baby clothes and dolls in the classifieds so I thought I could do the same thing with other items. I started with Nordic Tracks. Since we live in Florida, people from up North would move here to retire all the time.

Deciding what to buy

Some people even flip items for a living, making enough to quit their daytime jobs. Together, they cited information from 21 references. Any side hustle can only sustain if you enjoy and I am sure you are going to be great at flipping Check your local paper for garage sales in your area. Moreover, you will need to be able to recognize a great deal when you see one. I ended up buying three items and then he helped me set up an eBay account and taught me how to take pictures and list the items. See what they generally sell for. Don’t forget to include shipping and supplies. Make sure to include things like the brand and color. Also, factor in gas mileage, as well as paying yourself for the time it took to go find the item. However, you always need to keep your profit in mind. While you may want to eventually get into higher priced items, when you’re first starting out, it’s best to pick items that cost less.

Records and record players, because vinyl is back

Nonetheless, when you’re in the beginning stages, try sticking to one category. Some months it brought us a lot of extra cash, and some months not as. The worst they can say is «no,» but how to make money flipping items people are motivated to get rid of items at garage sales, especially towards the end of the day. Yes No. What are your tips for someone who wants to start their flipping business? By using our site, you agree to our cookie policy. You should also consider talking to your friends and family about what you want to. While you may want to eventually get into higher priced items, when you’re first starting out, it’s best to pick items that cost. He kept on trading and, in one year, he turned that paper clip into a house. Accept Learn More. Treat your schedule like you would a normal job, and hold yourself to it. Pinterest Facebook Email. Related wikiHows.

This page may include affiliate links. Please see the disclosure page for more information. Posted by Marc Nov 11, Making Money. Flipping is mney to do in your spare timelike heading to some yard sales on a Saturday.

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You can make it work with just about any schedule. Also important, you can start making money fast! Survey Junkie is one of the best sites for making money with easy online surveys. Earn cash in your spare time by sharing your opinions. MyPoints is very similar to Swagbucks and allows you to earn money by doing things like taking simple surveys, watching videos, playing games and. In order to have ihems as a flipper you need to know which items you will flilping a good chance of reselling for a profit. Of course, a lot of your success will depend on how much you pay for an iitems. Wood furniture can be a great item to resale for a few reasons. Quality wood furniture can last for decades, so even if it needs to be re-finished there is a lot of potential for profit and a market willing to buy it.