How To Make Money Buying From Thrift Stores

I of the best things you can do for your financial health is to have multiple income streams.

Thrift Store Flipping Whether your goal is to pay down debt, save and invest more, or even retire early — increasing your income is key.

And thanks to the internet and applied science, there are so many means to make money today. This gives more people a chance to bring in side income or even to their side hustle into a existent business.

But one classic money-making thought is to flip items or resell for a profit. Typically, this volition be the process of thrift store flipping.

Only how practise you get started in flipping items from thrift stores? What are the easiest items to resell for a profit? Stick with me beneath to discover out all that and more.

What is Thrift Store Flipping?

Thrift shop flipping is the procedure of purchasing items from thrift stores in your area, with the go to resell and make a profit. These items can be sold online, with apps, or even in person at your ain store or garage sale.

For virtually people, they remember of thrift stores equally places to score great deals on vintage wear, kitchen essentials, and fixer-upper furniture.

But thrift store flippers take a different perspective. They recognize that resale shops and yard sales are full of stuff priced well-below marketplace value.

And flippers scour austerity stores in search of items they can pick up for a depression price and resell for a maximum profit. They may pick upward items for $two, $5, or $10 and resell them for $20, $l, or $100+.

There's plenty of money to exist fabricated flipping

Believe it or not, you tin can make meaningful money every bit a thrift store flipper. The near successful flippers make over $100k per year reselling their thrift shop finds. If you do a quick Google search, you lot'll find many stores of people pulling big numbers from reselling all sorts of items.

Many other people treat thrift shop flipping every bit a fun side hustle. Whether your goal is to flip for a living or make extra coin to pay off debt or fund your hobbies, it'southward easy to go started thrift shop flipping.

With a little patience and some enquiry, you'll exist well on your way to making money as a flipper.

9 Easiest Items to Flip for a Profit

Not everything you lot can find in a thrift shop can be resold for a profit. Much of the junk people clean out and donate to the austerity shop is but that: junk that no one is going to pay very much for.

Your thrift store flipping success depends on sifting through the junk with a discerning eye to observe stuff people want and are willing to pay higher prices for.

I'll walk you lot through a list of nine of the easiest thrift store finds to flip for profit. Some of the items on the list, like designer vesture, are obvious, merely a few, like broken laptops, may surprise y'all.

1. Designer Vesture, Handbags & Shoes

The market for used designer goods is huge. You tin can purchase clothing, handbags, & shoes cheaply and easily flip them online.

In addition to designer labels, there'due south a healthy market for name brand maternity and children's vesture.

two. Toys & Games

The nearly pop items in this category are Legos, vintage or special edition board games, vintage toys, old video games, and video game consoles.

Toys for babies and young children are skillful options, besides. You tin can sell complete Lego sets or offer assortments by the pound.

The vintage toys and games are prized by collectors. Sure rare editions can sell for surprisingly high prices

3. Sports Memorabilia & Equipment

It'south not surprising that there are people willing to buy memorabilia such as jerseys, helmets, and trading cards, especially if they're signed. There's as well a adept market for used sports equipment in good condition.

This is especially truthful of youth sports equipment, as parents are always trying to proceed up with growing kids.

Consider picking upward items such as baseball bats and gloves or hockey sticks and skates and selling them as consummate sports packages. I caveat: beware of purchasing items with bad smells or stains. Yuck!

4. Furniture

There are always people looking for unique, high-quality furniture. To flip furniture successfully, be picky nigh quality and focus on pieces with character.

Yous desire to purchase items that stand out from what's bachelor at Ikea or Target and provide customers with something that feels special.

Also wait for antiquarian pieces that tin can be sold as is or easily refreshed with new upholstery or pigment.

5. Books & Music

We're non talking nigh paperback romance novels, here (sad Twilight!). Keep an eye out for archetype novels, box sets, first editions, and college textbooks that tin can resell for a hefty profit.

On the music side, buyers are eager for original and rare records — and record players. I myself buy quondam records, but information technology's not for reselling at this fourth dimension.

6. Collectibles

To be successful with this category, you lot accept to do enough research to tell the difference between the beanie baby crab worth $9K and the one y'all might likewise give to the canis familiaris to destroy.

If you're willing to do this, yous tin make healthy profits flipping collectibles such as beanie babies, funko popular figures, American girl dolls, coins, comic books, and other items.

7. Photographic camera Equipment

Digital cameras may have taken over, but there'south all the same a market for old cameras and equipment such every bit lenses.

I of my friends had washed quite well buying older camera equipment, cleaning it up, and reselling for a profit.

Naturally, you accept to know what a good bargain is in this space, merely in one case you catch on you can start making a few hundred bucks with each camera flip.

viii. Old Technology

Surprisingly, there's a huge need for old technology, even if it doesn't work properly. Look for computers, tablets, smartphones, office equipment, smartwatches, and other former tech.

Of course, things that work volition have more than resell value, but you'd be surprised what you might be able to become for some technology finds.

ix. Cookware

Kitchen gadgets, glassware, and cast iron cookware are always pop. You can oftentimes discover gadgets and appliances that are either all the same in the box or in not bad working weather.

Vintage cookware and glassware are highly sought after by collectors willing to pay practiced prices.

Get familiar with popular pieces like milk glass, depression drinking glass, and rare and vintage Pyrex patterns and so you tin can spot them when y'all encounter them.

Tips for Successful Thrift Store Flipping

Thrift store flipping isn't complicated, simply in that location are some tips and tricks that will increase your success and maximize your profit.

Now it's not quite as elementary equally picking up a random load of stuff from the thrift store and immediately selling it to waiting customers for a premium price.

But hither are some useful suggestions to ensure your flips are assisting.

Quality is key

Take the time to inspect the quality of every particular. When items are in good shape and of skillful quality, they fetch the highest prices. Selling quality goods as well helps build your reputation every bit a reliable seller.

Don't skip the inquiry

Earlier purchasing an item, you need to have an idea of it'due south resale market value. Spend time searching online to keep current on market prices for items you're selling.

Another matter worth researching is the timing of discount days at local austerity stores. The less you pay for an detail, the college your profit margin will be.

A niggling elbow grease can get a long mode

Some items are diamonds in the rough. Consider whether some quick make clean up such as a good scrub, a new coat of paint, new hardware, or new upholstery could fetch y'all a college toll.

If you are non into the idea of putting in a chip of piece of work to fetch more turn a profit, and so thrift store flipping may not exist for you.

Don't forget nigh shipping

Make you certain y'all understand the shipping costs and packaging requirements for your items. This is assuming yous are selling your thrift store finds via an online store or app.

It's important to gene shipping costs into your profit margin calculations and to pack items then they go far safely. Plus, yous don't want to ship items and have them broken when they arrive.

Take great pictures

Most of your customers will only see your products online before purchasing. It's important that the photos you post are articulate and accurate. Take the time to discover good lighting and take photos from dissimilar angles. The improve your photos, the increased gamble you'll brand a quick sale.

Choose the right place to sell

Some marketplaces and apps are but suited for certain types of items or target specific buyers. Many of them charge fees, and some of them are college than others.

Weigh the pros and cons of each and choose a selling platform that gets your products in front of the correct customers and only charges fees you can afford. Otherwise, you can attempt selling your items locally.

Where to Await for Great Stuff to Flip

What's great nigh thrift shop flipping is anyone can go to local stores and resell their purchases in the classifieds, online, or even with various apps. That means you tin can make money flipping , but you need to sympathize your profit margin and costs for your purchases and aircraft.

So what are some of the best places to find items that you can resell for a profit? Fortunately, there are a lot of options that yous can expect into. Here are a few popular options:

Craigslist

This site is a giant online classifieds listing. Use information technology to search for all kinds of items close to y'all. Always exist careful, practise your inquiry, and if you run across someone, exercise it in a very public place and take a friend.

Facebook Market

These days, if someone wants to get rid of something, they often just post in on Facebook. You can find lots of flippable items, peculiarly clothing, home goods & furniture, at good prices.

Thrift Stores Well-nigh You

Chances are adept that there's at least one thrift store close to you. Check out the big stores like Goodwill & Salvation Army, but brand fourth dimension to visit smaller stores operated too.

It may also exist worth a trip to stores in a especially nice surface area of your boondocks or a larger city nearby.

Antique Stores

Looking for valuable vintage items? Offset with your local antique store. Some antique stores besides accept new items at depression prices, which you can clean up and sell for a nice profit.

Local Garage Sales

Get up early the weekends and visit local garage and estate sales. You'll sift through a lot of cleaved baseball trophies and old pic frames, but these sales can as well be a great place to find vintage toys, records, books, and piece of furniture to flip.

And unremarkably people want to get rid of things fast, so your chance of buying for super cheap is quite loftier.

Best Apps to Use for Flipping

It may be tempting to keep all the bang-up items you lot've found on your shopping expeditions, merely that'south not flipping.

If y'all desire to be a austerity shop flipper and non merely a austerity store shopper, you accept to observe buyers for your items. There are several ways you tin can do this.

Some flippers host garage sales or post products on their own websites. If you don't desire to practise that, selling your items on an app is your best bet.

The best app for you depends on what you're selling, where you desire to sell it, the fees you're willing to pay and other factors. Let's walk through a few of the best ones and highlight some key features.

eBay

This is the classic online marketplace. eBay has been around for a long time and is still one of the all-time places to sell and to do market research.

Information technology's a trusted platform, with loftier traffic and reasonable seller fees.

OfferUp

If you're looking to sell items locally, OfferUp is a corking choice. It'south simple, gratis, and easy to apply, and allows you to sell whatsoever type of item.

Yous can offer shipping on some things. OfferUp tries to make ownership every bit safe as possible by verifying the identities of both buyers and sellers.

LetGo

The LetGo app is very like to OfferUp, but without the identity verification and the option to transport some items. It's also a fairly popular pick, just take a look at their platform and meet if information technology fits your needs.

Amazon

Take reward of Amazon'south huge customer base by flipping your items on Amazon. At that place are lots of means to do this, including participating in the FBA program.

Selling on Amazon can be a dandy solution, but you lot'll desire to practise some research or invest in some grooming to help you understand the fees and navigate the policies successfully.

Poshmark

The Poshmark app is designed for buying and selling clothes, shoes & purses. Designer and proper name brand items sell very well here. It's free to ready your "closet" and list your items.

There are no fees until your item sells, and buyers pay for shipping. Poshmark customers often enquire lots of questions and await engagement from you, so be prepared to provide some customer service if you sell here.

Etsy

Buyers come up to Etsy to find unique and vintage items. It'due south like shooting fish in a barrel to become started selling, but at that place is lots of competition and the fees are college than other selling apps. However, many people have created their total-time reselling business organisation with Etsy, and then information technology can exist lucrative.

Mercari

Y'all tin sell about anything on Mercari. The app charges a 10% fee, which they add to the price you set and include in the list cost visible to buyers. And Mercari collects the fee when the item sells.

Decluttr

This is the place to sell used media and electronics, such as books, video games, cell phones, e-readers, and smartwatches. Legos are also a hot item and can be sold by weight.

You sell directly to Decluttr rather than to individual buyers. They provide gratuitous shipping and pay you when they receive the items, which must be in good condition. The downside is that you must accept the price Decluttr offers rather than setting your own.

Terminal Thoughts

Flipping items online or in-person can not just be lucrative, but can exist quite fun. It can also go an interesting game to discover and learn about new products that tin plough a profit for you.

Plus, getting starting with austerity store flipping is pretty easy and doesn't require a lot of upfront majuscule to get started. Notwithstanding, you will take to spend some time shopping for items that are worth flipping and will brand you money.

But at that place is plenty of opportunity fifty-fifty with tons of other people reselling too. Requite it a shot and meet what happens.

Who knows, you may make a few extra thousand each month (or more), awaiting the corporeality of work you are willing to put in.

Happy thrifting!

Source: https://investedwallet.com/thrift-store-flipping/

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