Are you looking for a side hustle that can bring you in $500, $1,000, or $2,000 weekly? Consider reselling used appliances!
Selling used appliances is a great side hustle that maximizes profit and your time. These items will sell for hundreds to thousands of dollars, so you can sell fewer items and still hit your profit goals in less time.
Whether you’re new to reselling or an experienced flipper wanting to increase your revenues, this could be your new niche! Let’s talk about how to get the most money selling used appliances.
Source Cheap Items
Used appliances are everywhere! When people do home renovations, their options are to haul the machine to the dump, try to sell it locally, or give it away. Most of the time, people don’t want to deal with hauling the appliance anywhere; they just want to finish their renovation.
Resellers can often score great deals simply by offering to pick up the appliance and take it off the seller’s hands.
What kind of used appliances are out there? I most commonly sell ovens and cooktops, but you can also look for washer/dryer units, dishwashers, and refrigerators. As you spend more time learning this flipping niche, you’ll know what models and brands sell for the most money.
Look for these items on local reselling apps like Facebook Marketplace, OfferUp, and Craigslist. Check your Goodwill stores, Salvation Army stores, and Habitat for Humanity stores, which all often have appliances available for a lower cost.
Don’t be afraid to make an offer to the seller. They may be willing to come down in price just to get the appliance out the door faster. Remember, you make a profit in the buy. The lower you can buy an item for, the more profit you will make when you sell it!
When buying an item, ask questions about its functionality and condition. Ask if they have the original manual that you can take. The more information you have about the item’s history, the better equipped you are to answer questions from potential buyers.
Clean Your Items
Used appliances are rarely in pristine condition, so take the time to clean them up before you list them. Wipe them down, remove any grit and grime accumulated during use, and leave them sparkling clean. Another part of this process is fixing broken parts. Maybe it’s missing a screw or needs a new piece to run optimally. You could add hundreds of dollars of value to the appliance by taking the time to do a minor fix. Write in the description what replacements or upgrades you made.
Take A Video
If you’re listing a used appliance on eBay, it’s essential to take a video that shows it’s working. eBay recently added the option to include video in listings. It’s helped us sell our large, high-profit items faster. When taking the video of the item, show defects, such as scuffs or scratches. We always say, “Underpromise, overdeliver.” Buyers want an accurate description and picture of the item they will receive.
Sell Parts From Used Appliances
Sometimes you have an item that you can’t fix. Or you need a $200 part to make the appliance functional. In that case, buying parts and repairing might not be worth the cost because you’d be digging into your profit margin. One option is to sell parts of the appliance online. That is legal, and people do it all the time on eBay. Photographing and listing the individual components will take more time, but why throw away potential profit?
Offer Shipping
This tip is crucial! If you don’t offer shipping on appliances, you won’t be able to make as much money. Selling a used appliance in your local market could take a long time, and you may not be able to sell it for a high profit. If you take the step and sell on eBay via freight shipping, you are opening the door to millions of buyers across the United States. We frequently sell appliances on eBay, and once you’ve completed your first freight shipment, it’s not hard to figure out how to do the rest.
If you’ve been looking for a high-profit side hustle, consider reselling used appliances! It may be a new niche to learn, but it has the potential to be highly profitable for the amount of time invested.
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