More stability in your flipping business. Everyone wants it, and it can help you move from a part-time reseller to a full-time flipper.
Many people are nervous about selling higher-dollar items because they’re nervous about returns, so we will unpack that. We know that money can ebb and flow in our business. We have a couple of practical things that you can do if you’re trying to give your flipping business more stability and more consistent income.
Keep Money In Your Reserves
Many people are nervous about selling higher-value items because they’re nervous about returns. There are ways to prevent returns, but one way to not be worried is to keep that money in reserves for at least 30 days. Don’t spend it. Build that pillow of money and let it sit for 30 days until you know you won’t be getting a return. If you get a return during that time, you can easily make the refund without worrying about how you will pay that bill.
It’s a good business practice.
Tips To Avoid Returns
One tip to avoiding returns is accurately describing your item in the listing. Ensure the photos show any damage and that it’s also reflected in your listing. We make our items sound as bad as we can so people are surprised and happy when they receive them. We under-promise and over-deliver, so we list scratches and scuffs and say it’s used. We don’t want people to be surprised that they are receiving a used item.
Build Stability By Listing Consistently
If you’re trying to build a consistent or stable business, it’s essential to list consistently. The more consistent hours and time that you put into it, the more you will get paid. Listing consistently will help you bring consistent sales in.
On eBay, you are rewarded for the effort you put into it. eBay’s algorithm likes time spent on the platform. It’s better to list daily versus once a month, where you list 30 to 50 items.
Sometimes we get busy and don’t list consistently. Once we get back in the groove, one sale hits, and then it’s usually a couple of items sold. It doesn’t matter if you’re selling $5 items or $500 items. The key is consistency.
Consistent Listings Get Sales
In our Flipping For Profit group, we are in the middle of a daily listing challenge where our members list one item per day. After 30 days, the sales start to pick up because you’ve been listing consistently, and you’re likely getting more views.
eBay is a platform that likes people to spend time on the platform. They want people there listing, buying, selling, and all that stuff. They want people on the platform, and they reward you for that.
When I started listing consistently, I got four or five sales within a week. And it was like $13,000 or $15,000 in total. A ton of money came in just because I started listing in more consistently, and then the stuff started selling.
Flip It For Christmas Challenge
If you need to increase your listings and want some accountability, sign up for our Flip It For Christmas Challenge. Our goal for the challenge is to help you get $250 from flipping before the holidays. We go live weekly, and you can opt to go VIP and get some extra bonuses and replays. The challenge itself is free. So let’s start making more money and boosting that stability in your flipping business.
Show Notes
Flip It For Christmas Challenge: https://flipitforchristmas.com/
Appliance Flipping Course: http://applianceflipping.com/
Follow us on Instagram: https://www.instagram.com/fleamrktflipper/
Check out our FREE Workshop: https://courses.fleamarketflipper.com/flipper-university-workshop-webinar
You can find us at: https://fleamarketflipper.com/
FURTHER RESOURCES
Let Us Find High Profit Items FOR You!
FREE Workshop How To Turn Your Passion of Flipping Items Into A Profitable Reselling Business
Download These 47 Household Items To Resell TODAY!
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