January 04, 2018 Flea Market Flipping: How We Made $3,054 In One Month
If you are new around here, we wanted to let you know why we post these flea market flipping income reports. If you are part of the flipping fam already, you can scroll down to see this months flips.
We decided to start posting our income reports here from Flea Market Flipper for several reasons. The first one is to keep ourselves accountable. I have been flipping items for profit and selling on eBay for over 20 years now, and had never kept track of what I made.
It was always a hobby – but one that came in handy when finances were tight. Once we decided to take this more serious – like a business – we started keeping better records. It has helped us tremendously keep track of what is going in and out each month.
Another reason is to provide encouragement to people who want to get started flipping items for profit and selling on eBay as a part time or full time income.
It is pretty popular in the blogging world for bloggers to post their income reports, and we always found it encouraging to read those. They help us keep going when sometimes we would rather be doing other things, so we are hoping to help the reseller out there keep going!
Lastly, but most importantly is to provide value and information to our readers. We have students and readers who are doing flea market flipping (or thrift store and yard sale flipping) as a side hustle or main hustle and we want to provide information to help them become successful.
Onto to flips!
We sold 8 items for a total of $3,054 in gross sales. Not fantastic, but not horrible. We hit a bit of a slow point lately so have been digging more into eBay SEO. For those who may not be familiar with SEO that is Search Engine Optimization. eBay has it’s own search engine, and so there should be ways to optimize it. There is a lot of info on it, but we have debunked a lot of the common themes with eBay SEO. We do plan on doing a whole post on it soon, and plan to add it to our Flipper University course, but we want to find what works the best before we do.
You may have heard of google SEO before, because google is one of the largest search engines there is! There used to be formulas to be sure you landed on the first or second page of Google, but now with personalized feeds it’s almost impossible to predict 100% anymore.
eBay has an algorithm that will help you land on the first few pages of searches (no one ever looks past the first 2 pages right?), so something that you post will help you get to those coveted first pages. The problem with this is algorithms change all. the. time. We are working to decipher through all the information and figure out what is the best right now, but a lot of it doesn’t really apply to us.
The biggest reason is because a lot of our items are so unique. There may not even be 2 full pages of searches for a lot of the items we have, and we like that. We like the unique and higher priced items instead of the items that may have 500 of them listed. We like the items that bring us minimal $100 profit instead of only $6.
Which is also what we want to help others do. We want to help other people (YOU!) get a higher return for their time spent reselling.
So we are digging more into SEO and will let you know more of what we find.
And hopefully we can convince you to get at least $20-$50 profit on your items starting out. The time spent per hour doing anything less, just isn’t worth it.
Alright, so finally to last months flips!
Sleep Number Mattress Covers.
Just when I think we are sold out, I find more to list! This is the purchase that keeps on giving. The sleep number beds will make me about $25,000 once they are all sold. (Which I know we are close to). We sold 3 this month. One was a $275, and two were on a discount for $220 each. (I ran a sale for Black Friday).
The next thing that sold was a hydroponic system. We had every intention to use this, but it had been sitting for a year so we listed it. We sold it for $350 on Facebook Marketplace. I bought it last year from the flea market for $15.
One sale was this antique radio. I really liked this thing and wanted to keep it, but decided to sell it, since I don’t quite have the ‘man cave’ space yet that I would love for antiques. I bought it at a local auction for $15, and sold it on eBay for $200.
Remember the strollers we bought the month before in Dallas? (We bought 5!) We sold the double City Mini stroller for $380. We paid $90 for that one, which is a little higher than we normally would spend, but we knew it was worth it.
We also sold a great bike that we found at a yard sale. It was a beach cruiser style bike that we found for $23, and sold it on Facebook Marketplace for $100.
The last item was the biggest of all, and it was perfect timing because we were doing our first freight shipping class at the time. We sold a carousel horse that we had purchased for $175 at a flea market near my grand parents house. We sold it for $1,299 on eBay! We did sit on it for a little while, but the return was worth it.
Breakdown of November Flea Market Flipping Profits
Mattress cover: sold for $275, paid $20, fees $36, total profit $219
Mattress covers: sold for $225, paid $20, fees $29, total profit $176
Mattress covers: sold for $225, paid $20, fees $29, total profit $176
Hydroponic system: sold for $350, paid $15, fees $0, total profit $335
Double stroller: sold for $380, paid $90, fees $0, total profit $290
Schwinn bike: sold for $100, paid $23, fees $0, total profit $77
Antique radio: sold for $200, paid $15, fees $26, total profit $159
Carousel Horse: Sold for $1,299, paid $175, fees $169, total profit $955
Total Monthly Sales: $3,054 Investment $378, Fees: $289 Total Monthly profit: $2,387
People often ask me about shipping costs. I don’t put them into the reports because the buyer always pays for shipping. Since we sell some larger items, the customer usually knows they will be paying a bit to ship it. So we break even on shipping, or sometimes we even make a bit of a profit that compensates us for our time boxing or palleting the item.
So like I mentioned before, not great, but not horrible. I almost skipped doing this month since I was so late in posting it, but then I couldn’t just let the end of the year slip away after 10 solid months of income reports. So here it is!
If you are interested in getting started with the larger items, check out our 5 Steps to Getting Started with Freight Shipping.
And if you are brand new to flipping and want to jump into eBay, check out our Beginner’s Guide to Selling on eBay
And don’t forget to jump into our FREE 5 day intro to flipping e-mail course to help you get your feet wet with flea market flipping (and thrift store, yard sale, online app flipping too – we aren’t too partial). This is not a full how-to course like Flipper University, but will give you some good bits of information and some of my experiences from flipping items. This will also add you to our flea market flips and eBay tips updates. You can unsubscribe anytime.
Are you currently a flipper or reseller? Is it something you are looking to get into this year? Comment below!