Buying low and selling high is a lucrative side hustle.
If you are looking for some extra income, then flipping is one of the best things you can do.
In this blog post, I am going to throw some light on the best things that you can buy and sell for a profit.
If you know how to do it right, it can generate a side income without putting in much effort.
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What is flipping?
Flipping means buying a product and selling the exact same product for a profit.
For example, buying a real estate property, owning it for a short period of time and then selling it straight away for a profit.
Yes! As simple as that!
To succeed in this business, you must have the potential to identify gold disguised as trash.
Meet the professional flippers, Rob and Melissa
Rob and Melissa from Flea Market Flipper have made over $133,000 in 2016 by flipping items, dedicating an average of 15-30 hours a week.
If you are interested in learning more about flipping items, consider checking out this 75-minutes FREE workshop by Rob.
This free workshop will also give out 3 insider secrets that will help you to grow your flipping profits.
They are the most experienced flippers and have successfully turned their hobbies into a six-figure business. They will teach you to do the same.
They have compiled all their knowledge into a detailed course.
The students who have taken this course have got some amazing results.
Check out the Pro Flipper Club on their website, where they featured all the students who have made it to the $10,000 club.
This course is packed with:
- Video tutorials for finding, listing, selling and shipping items
- PDF downloads for worksheets and bonus guides
- 13 modules consisting of 45+ lessons
- Excel spreadsheets for keeping track of income and expenses.
Best things to flip for a profit
Finding out the most valuable items can maximize your earnings.
Have a look at this list of best things to flip for a profit.
1. Baby items
Kids grow up fast and the toys occupy a lot of place in the house.
You can find great deals from parents who just want to get rid of them.
Other baby items like strollers or clothing can also be resold at a profit.
Rob from Flea Market Flipper brought this stroller for $15 from the Flea Market and then sold it on eBay for $300!
2. Branded clothes
Clothes can be one of the easiest things to flip for a profit.
If you have piles of clothes that you never use, it is time to clean up your cupboard and make some extra cash in the process.
Find a new home for your unused clothes and make some extra bucks.
Moreover, you can find the same at low prices at the nearest thrift stores and yard sales.
Vintage clothes and branded clothes would have a high resale value.
Look for clothes that are in good condition and are made of high-quality materials.
Poshmark is one of the best platforms to sell used clothes.
Furniture is one of the best things to flip for profit.
Wooden furniture can last for over a decade.
Purchase it from a flea market and spend some time renovating it to make it look new.
The right furniture can have an excellent resale value.
From chairs and cabinets to dressers and cupboards you can flip almost anything.
Do minor repairs on the furniture and paint it, depending on what the condition is.
Rob and Melissa from Flea Market Flipper have picked up this chair from the trash and sold it for $50.
Here is a teak set that Rob and Melissa had bought for $50 and sold for $1300 after washing it and adding a little teak oil!
Reselling books won’t make you a large sum of money but you can definitely make a profit out of it.
You don’t need any investment to resell used books. You probably have tons of them on your shelves gathering dust.
You can sell your used textbooks or story books.
Bookscouter is one of the best platforms to sell used textbooks.
Watches are ideal for buying and reselling. A lot of them can be found at thrift stores.
Vintage watches and name brands are the best options to make a quick profit.
You may need to make some changes or do some repairs to sell it at a higher price.
6. Video games and consoles
Vintage video games are collectible items and can be sold at a high price.
Video games are not just for kids. Even adults spend time playing video games.
Grown-up people love to get reminded of their childhood by playing vintage video games.
It has a massive market today and if you pick up the right games to sell, you can make a lot of money.
7. Musical instruments
Parents buy musical instruments for their kids and it simply grows out of their hobbies within a few months!
Instruments like piano, guitar and drums can be sold at an excellent price.
You will earn more for popular brands like Yamaha, Gibson or Fender.
8. Exercise equipment
There is a substantial market for exercise equipment.
Equipment like a treadmill or leg press machine would be ideal for flipping.
You may find some great deals at yard sales that people are looking to get rid of.
Rob and Melissa from the Flea Market Flipper have picked up this Schwinn spin bike for free and sold it for $375 on Facebook Marketplace!
9. Power tools
Due to their expensive price, there is a strong demand for second-hand power tools in the market.
People prefer to buy used power tools to save some money.
Moreover, when people upgrade to the latest power tools, they want to get rid of the old ones.
Look for name brands like DeWalt as they have the potential to sell faster than others.
There’s a strong chance that your old camera is collecting dust right now in your basement!
The vintage cameras that are hard to find can make you a good profit.
Photography gears are expensive and hence people are willing to buy used products.
If handled with care, high-quality camera gear can last for a decade or two.
Bikes can be quite expensive to buy new and hence many people are looking for secondhand pieces.
Do some minor repairs to sell it at a maximum price.
Bikes are ideal for flipping.
12. Picture frames
Picture frames are one of the best things to flip for a profit.
They can be found at yard sales.
Moreover, vintage picture frames are hard to find. Hence people are often willing to pay a good deal for them.
Decorative rugs are another good item to flip for a profit.
You may find some great deals at thrift stores.
Resell those rugs at a higher price on eBay.
It refers to purchasing a website, improving it and then reselling it at a higher price.
You may have to learn SEO and aim to make the website rank higher in search results to increase the traffic.
Guest post on other websites to increase the domain authority.
Also, focus on improving the monetization strategy.
Website flipping may take anywhere between 3 to 6 months.
I would recommend website flipping only to the bloggers. Else, it will be time-consuming to learn everything from scratch.
Where should you sell the items?
Here are some of the well-known platforms to sell your collected items.
eBay: eBay is the most popular platform for selling used items. You have the option to schedule daily or weekly payouts and the earnings will be deposited directly into your bank account.
Facebook Marketplace: It is the go-to place for selling your items locally without any fees.
Poshmark: It is the leading marketplace for selling used clothes.
Tips for flipping items
Here are some tips to maximize your profit:
Start free of cost from home: If you cannot make an investment, then start by selling unused items lying at your home. Once you make a sale, you can use that money to invest in some valuable items from the yard sales.
Photos: Take some captivating photos for listing it on eBay. That is the first thing a person will see while searching for the item. Try to modify or make some moderate changes so that the item looks new.
Purchase at the right price: Identify the resale value before purchasing any product and determine the profit after subtracting all the extra expenses that might occur while refurbishing the item.
How much do I need to get started?
You don’t need any investment to get started.
Chances are you already have some old and unused items collecting dust at your home for several years.
It is time to declutter them and make some extra cash in the process.
You can also find some valuable items for free in the trash or junkyards.
Final thoughts on best things to flip for a profit
Now that you know about the best things to flip, it’s your turn to take an action.
I hope this article will help you to start your flipping side hustle.
It is a profitable side hustle and if done right, it can turn into a full-time career.
It is the best way to make some quick money at the weekends.
The income potential is high and it does not require any large investment.
So, are you ready to kickstart your flipping business?
Start by checking out this FREE 75-minute workshop by Rob and Melissa.