May 19, 2016 How I Made $1,200 in One Day Flipping Flea Market Stuff (And How You Can Too!)
I have accumulated a lot of fun items over the years, and I realized I haven’t posted all of them. I decided to put a little more time into posting more items which in turn made yesterday a great profitable day! a $1,200 day to be exact.
Two items made up this profit: a pitching machine and a Cadillac subframe.
But since the three of them are all 3 and under I decided I could sell it for now. I posted it eBay and in 24 hours it sold for $600 (which included the shipping).
It’s pretty cool right?! Wouldn’t you want to keep it too? Melissa reminds me regularly that I am in the business of selling – not keeping – so bye bye nifty pitching machine, I hope someone has a lot of fun using you!
The Cadillac subframe was one part of about 10 that I bought from a vendor at the flea market.
He is a guy I buy from regularly who buys his items from unpaid storage units (like the show storage wars).
Some people ask me why I don’t buy items from storage units. I think it can be a great way to make money, I just don’t want to go through the hassle of selling all the little things that aren’t worth as much.
He sold all of the parts to me for $100, so I ended up paying about $10 for this piece. It sold yesterday for $800 (including shipping).
The shipping totals were just over $150, so I made over $1,200 on these two items. All-in-all a great flipping day!
How Start Making Money By Flipping
The best thing about this side hustle is anyone can do it and you can start TODAY.
You don’t need any fancy equipment, you don’t need a college degree, and you certainly don’t need a lot of money to get started!
I made over $1,200 with the two items above by only investing $40!
But you don’t even need any money to get started.
Check out the following steps to get started making money TODAY!
1.Go through your closet & check under the bed
I know this seems simple. But that is the beauty of this business! You can start making money right away because it’s not crazy complicated.
Go through your closet and grab any clothes, shoes or accessories that don’t fit anymore or that you haven’t used in over a year. (Chances are if you haven’t used it in over a year you never will).
Check under the bed for any items that you have just been storing and never using.
Might as well have the cash instead of the dust!
Just check out this bread maker that has been sitting in our pantry for 5 years now.
Melissa had every intention to make bread, but she used it a handful of times and it has been sitting collecting dust for 5 years.
She decided to list it on Facebook Marketplace and eBay and sold it on eBay for $80.
$80 can do a lot more for us than a piece of metal with a dust layer on it can!
2. Pick out 3-5 items you can part with
I know it’s easy to get attached to some items, but how much nicer is it to free up some clutter and have cash in hand instead?!
So pick 3-5 items that you can part with and set them aside to sell.
Don’t get too ambitious to start – you don’t want a huge pile staring you in the face that ends up paralyzing you from starting.
You can always repeat the steps. But start small.
3. Clean up your items
They may just need a quick wipe down or wash and they are good to go again.
Just be sure you clean them up a bit. A little elbow grease can make a difference in selling an item or not.
4. Take good pictures
No matter what platform you use to sell, you want to have good clean pictures of the item.
Pick a plain background and a well lit area. You don’t need a fancy camera or lighting set to take good pictures.
5. List on eBay, Facebook Marketplace or other platform
Everyone has their favorite places to resell. For some it’s Poshmark, for some Mercari, for us it’s Facebook Marketplace and eBay.
We sell about 80% of our items on eBay and the other 20% on Facebook Marketplace.
eBay allows us to reach A LOT more people than a local market so our items have a better chance of selling.
6. Start investing (not a lot!) in inventory to start making more money
Selling stuff from your house is a great way to get started with reselling.
But if you want to really make a significant income you have to start finding items to flip. But it’s not as tough as you think and you don’t have to spend a ton of money to do so.
(Remember the $40 it took to make $1,200?)
Start visiting a few local thrift stores, flea markets or use your local apps to find some great items to resell.
Your money is made in the purchase so only buy items that you know are a great deal.
It’s not worth buying something for $10 to make $15.
Our goal is 10x our profits. So if we invest $10, we want to make $100 from it. That’s a fairly typical flip for is.
Having a higher profit business model allows us to free up more time to spend with our family which is a huge priority for us!
Now time to go out and make some money!
Do you enjoy going to flea markets, thrift stores, and yard sales? Have you have ever thought about making an extra income from flipping used items? If so check out our FREE intro workshop to see if this could be a good fit for you!
I WANT TO HEAR FROM YOU!
Do you love flipping flea market stuff? Comment below and tell us what you love to sell!