We have a fun one to share today and it’s a $3,500 thrift store find that we are getting ready to flip. This item is not something we would normally buy, so we’re excited to share it with you.
Last week, on one of the school days we had to go to the school at multiple different times to pick up our kids, and we live about 20 minutes from the school so it was a lot to go home and come back. Instead, we went to a nearby thrift store in between. While we were walking around I turned the corner and saw a whole bunch of pink boxes.
They were boxes and boxes of porcelain collector dolls that someone had donated to the thrift store. There was over 100 boxes and about 75% of them were the same brand.
Why Did We Consider This Item At The Thrift Store?
This is not a normal item for us to consider, but I gravitated toward it because my mom collected dolls. She passed away about two years ago and it reminded me of my mom when I saw this. She’s also the one who got me into flipping. Somebody passed away and their life long collection of dolls got donated to the thrift store.
Another reason we considered this is because our kids have been looking for collections to flip. Roxy did her first WhatNot show and listed a bunch of Squishmallows. We thought the dolls might be something for the kids to flip.
Negotiating At The Thrift Store
The dolls were priced $10-$50 at the thrift store, with a lot of them around $20-$30. I went back to one of the workers and asked if they could give us a better deal if I bought them all. They called the manager and they said we could take the lot for $350. I had counted and knew there were about 100 dolls so that is roughly $3.50 a doll, which is a good deal. I knew on average they’d sell $20-$40 individually, so we bought the dolls from the thrift store.
The kids have already started going through the dolls to look them up and put names on them. They’ve started doing the work, which is really cool because it keeps them busy, they’re learning a skill, and then they’re going to make some money.
Rather than piece these out individually, we’re going to lump sum them and sell them as a lot because I think we’ll be able to find someone who wants a good deal. I’ll probably list them for $4,999-$5,000 and then be willing to take an offer.
So, it’s kind of still our model because we’re going to lump them all together and sell them as a lot and hopefully somebody will buy them, as a lot. This is way easier than selling each individually.
We do like buying and selling things in bulk because you can often get a great deal on lots. People just want to get rid of them, so they’re more willing to cut a deal. Our business model is generally high profit, low volume, but if we’re lumping this together it’s still one sale so it works. We’re listing it once and shipping once.
We’ve done bulk items a lot in our flipping career, so don’t be afraid to look at lots at your thrift stores and make offers. You can get a good deal and make some great profits!
Show Notes
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