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Flipping Side Hustle
How to Start a Flipping Side Hustle (The 41 Best Items to Flip for Extra Cash)
Flipping things can be a rewarding and enjoyable side business. It’s worth the effort even though some items might need some work to resell. It’s easier than you might imagine for all the extra money you make from flipping to add up, and it’s a great way to boost your income and manage your spending.
One of the highest-paying side hustles available is flipping, with some flippers earning over six figures a year from their work.
So before we cover the best items to flip for extra money, we’ll explore where to find things to flip for profit, why flipping is a great side hustle, how to get started, and much more. Let’s get started!
What is Flipping?
Flipping is the practice of initially purchasing an item for a low cost and then reselling it for a profit.
You can do this with pretty much anything, but the most common items to flip are clothing, electronics, and furniture. Flipping is a great way to earn some extra money on the side.
Some people who flip items go a step further and fix or restore the item before selling it in order to increase their profit.
If you can scale flipping, it may even be possible to turn it into a full-time business.
Why a Flipping Side Hustle is a Great Idea
If you start selling things for money, you might wonder if it’s worth your time. Why flip things when there are so many other ways to make money?
A few factors make flipping for profit a profitable venture. First off, it’s simple to get started; all you have to do is find items you already have that you want to sell, fix them up, and then resell them for a profit.
Additionally, you can buy things like pre-owned electronics, furniture, household goods, and other things for relatively low prices and then sell them for more money to make a quick profit.
Where to Find Items You Can Flip for Profit
Aside from your personal items available at your home that you wish to sell. The best things to sell for a profit can be found in other great places, including:
- From friends or family doing decluttering
- Yard sales,
- garage sales
- Thrift stores
- Flea markets
- Pawn Shops
- Auctions
- Online Marketplace
Where to Resell Items
Another great advantage of flipping is that there are many places to sell your goods. The best places to sell things for money are listed below!
eBay
Due to the fact that almost anything can be sold on eBay, including books, toys, clothing, and furniture, it’s a good place to start selling goods. This is the place to go if you want to sell everything at once.
Etsy
Almost everyone is familiar with the website Etsy. Even though Etsy has a wide variety of products, it is known for its handmade and original goods like jewelry, clothes, art, and home decor. It’s a fantastic location for selling unique goods.
Facebook Marketplace
The Facebook Marketplace is the best place to look for local buyers. The only thing you need to get started is a Facebook account. If you are already familiar with Facebook, this is a great place to start; you might even find some bargains for items to buy and resell.
Amazon
Amazon is the world’s leading online marketplace. This online platform allows sellers to showcase their various products for sale to numerous potential buyers, so it’s a great place to get started if you’re new to flipping items.
ThredUp
One of the simplest commodities to sell is used clothing. You will receive a bag from ThredUp to place your used items in. After that, all you have to do is send it off, and if anything sells, they’ll pay you. Accept payment in cash or ThredUp credit.
OfferUp
The setup process for OfferUp is fairly straightforward. Because household goods are generally in demand, you can quickly inventory your possessions and start selling some of them using the app.
LetGo
Is a free online marketplace where local residents can list and sell used goods. LetGo provides a website and app that allows users to buy from, sell to and chat with others.
Craigslist
Over 60 million people visit the highly popular website Craigslist each month. You can be sure that someone, somewhere, is looking for what you have and would be delighted to purchase it from you.
Poshmark
Poshmark makes it simple for you to turn your gently used items into extra money. Simply take a picture, list your item on the app, decide on a price, and wait for it to sell. Poshmark will send you a pre-paid shipping label, so all you have to do is package up your item and mail it.
Mercari
Is a free app that enables the online buying and selling of new and used goods. There are no in-person transactions; everything is shipped. A payment guarantee and shipping insurance are provided for the security of the seller. There is a flat 10% selling fee, but listings are free.
VarageSale
With the help of the app VarageSale, users can buy and sell items in their neighborhoods virtually. Currently, it is used in Australia, Germany, Italy, Japan, Australia, the UK, the United States, and Canada.
How to Get Started Flipping for Profit
By now, you know that buying and reselling can be a great side hustle. You also have an idea of where to find items that you can flip and where to resell them for profit. However, how do you begin?
Start by Decluttering and Identifying Items You Have That You No Longer Use
Selling some items you no longer need or use is the risk-free way to get started. You’ll not only clear out some clutter, but you can practice selling without having to put any money at risk.
Separate and list the items you are selling.
Not all unused items are worthwhile for sale, so sort your inventory and think about what can satisfy a customer’s need, what might appeal to ardent hobbyists, and what might be in demand on online marketplaces.
Take Pictures of the items you are selling
Once you have segregated the list of items to sell, you will need to take pictures of them. Starting out doesn’t require a high-end camera, a professional backdrop, or lighting. The only equipment you require is a smartphone, a plain background, and possibly an additional lamp if there is no natural light.
You must take pictures of the item from all angles, as well as of any flaws or branding that may be present. If you want to make the pictures appear brighter, you can use your phone’s editor or an editing app, but be careful not to change the object’s color.
Choose a suitable online platform and upload your product listing.
App Stores make it easy to download all available online marketplaces for selling your goods. Pick a marketplace or platform that you feel at ease with. A number of factors, such as costs, customer service, reach, and profitability, must be considered when choosing the best platform.
Work Your Way Up
Even if you’re buying and selling cheap items at first, your objective should be to turn a profit. You should work your way up to more expensive items, which give you a chance to earn more money because as you gain experience, smaller profits might not be time-efficient.
Best Items to Flip for Profit
Knowing which items you’ll have a good chance of reselling for a profit will help you succeed as a flipper. There are, of course, some things that are better than others, and you can find a list of more than 40 things that are frequently wise choices for flipping here.
- Old Books
- Book Sets
- Old Board Games
- Clothes
- Shoes
- Luxury handbags
- Baby gear – cribs, strollers, etc
- Children’s Toys
- Lego Sets
- Household Appliances
- Power Tools
- Furniture
- Housing Decor
- Sports Memorabilia
- Baseball Cards
- Collectibles
- Artwork
- Antiques
- Vinyl Records and Players
- Vintage Electronics
- Vintage Clothing
- Vintage Video Games
- Vintage Dishware
- Video Game Consoles
- Tech Gadgets
- Computer Parts
- Laptops
- Cameras
- Smartphones
- Watches
- Jewelry
- Musical Instruments
- Sporting Equipment
- Fitness Equipment
- Bicycles
- Online Game Digital Items and Character
- Domain Names
- Websites
- Vintage Cars
- RV
- Houses
Although the items on this list are the best to sell for a profit, you are not restricted to only buying and selling these things. If possible, try to identify a few product categories that you are already familiar with. By doing this, you’ll be able to tell when a deal is a good one and increase your chances of finding success right away.
If any of the list’s item types are unfamiliar to you, choose one that interests you and begin learning about it. Then, look through the products at an online marketplace to get a sense of going rates. You’ll know more about what you might be able to get for it when you’re at a yard sale or flea market as a result.
Tips for a Successful Flipping Side Hustle
You can succeed as a flipper if you follow these simple pieces of advice.
Research the value of an item before purchasing
If you are thinking of reselling an item, it is important to research the item’s value before purchasing it. The first thing you need to do is determine what the item is worth. Once you have done this, you will know if it is worth your time to sell it or not. If it is worth your time, start researching online what the going rate for the item is.
Then, set a price range for what you think the item is worth and have a friend or family member try to buy it from you. If they are willing to pay that amount, then you know that the item is worth it. If they aren’t willing to pay that amount, then you know that the item isn’t worth it, and you should try to sell it elsewhere.
Always Negotiate
When you’re trying to buy something for a profit, it’s always important to negotiate. You can’t just be a pushover and let the seller get what they want because you might end up paying too much for the item and not make any money.
It is important to know what you are looking for in an item and be able to negotiate the price. It is also important to know the demand for the item and how much time you will have to resell it. Knowing these things will help you find a good deal and have a successful reselling experience.
Clean the Items
Making sure your products look their best before listing them is crucial if you’re a reseller. You want to make a good first impression on the customer and guarantee that they receive the product they are looking for.
Cleaning can be done by washing the items in cold water and blotting them dry with a towel, depending on the item and its condition, or you may want to do some minor repairs like touching up the paint.
Take quality pictures
You might have the best and most unique items in the world, but if you can’t show them off, they’re not worth much. Take good photos of your items to be able to successfully market your products.
Make sure to include a clear photo of the item and keep the backgrounds simple to avoid distractions.
Take numerous pictures of the item from various perspectives because buyers frequently want to see the item from all sides to ensure there are no significant flaws. You can also try asking friends or family members who are more skilled in photography for help.
Provide an accurate description
The majority of people who purchase used goods won’t expect them to be flawless, so by being upfront and truthful in your listing, they are more likely to believe it.
Be as thorough as you can when writing an online listing for a product. Aim to respond to inquiries that you can foresee and offer any additional details that will aid prospective buyers in making an informed choice.
Final Thoughts on Starting a Flipping Side Hustle
One of the best ways to make extra money is by flipping, which anyone can learn to do, doesn’t require a big investment, allows you to start making money right away, and has a high-income potential. If you decide that this is the right opportunity for you, follow the advice in this article about the best things to flip for profit, and you’ll soon be well on your way to becoming a successful flipper.