You probably don’t need me to tell you that flipping as a side hustle (or full-time job) is a legit job.
There are several popular flipping television shows that show real people flipping items for cash. People find things and flip it for cash.
The first year flipping full-time, Melissa and Rob made over $133,000. Now, they’re on track to make much more. You can learn exactly how they do this.
Click here to see the 5 signs flipping/reselling could be a perfect fit for you.
If you aren’t sure what a flipper is, let me explain. Flipping is finding items that nobody sees value in and selling them for a profit.
Last year at Fincon (personal finance conference) I met a couple who created a six-figure flipping business by working only 20 hours a week.
Here are a few pieces of furniture they’ve sold for a huge profit
Benefits of flipping furniture and other items
Even if you don’t want to become a full-time flipper, you can flip as a side hustle.
Flipping is incredible because of its many benefits, including a flexible schedule, working fewer hours, and growing your income.
Learn how flipping can be your ticket to lifestyle freedom and financial security in this free training here.
5 Tips To Increase Profit When Flipping Furniture And Other Items
Melissa and Rob were generous enough to send me five tips to help people who are interested in flipping furniture and increasing profits. Here we go.
We are a little different than the average furniture flipper. We aren’t experts in repurposing in regards to painting, sealing, etc.
What we are experts in is selling the furniture that is redone.
We have sold many pieces over the last few years, and we wanted to share some of our top tips for doing the same.
1. Buy at a reasonable price.
Buying a piece of furniture at a reasonable price is so important when looking to make a profit on it.
You are putting in the time, energy, and supplies to repurpose the piece, so it needs to be something that is a high price!
And you can even find a lot of pieces for free if you are looking hard enough! When people move or replace furniture, a lot of times they want the piece gone, so they give it away.
2. Don’t spend too much on supplies
This one goes along with buying the item at a good price. You also don’t want to spend too much on your supplies to fix it up.
It can be tempting to put on fancy pulls and new paint and brushes for each project, but you want to keep your costs as low as possible because every dollar spent eats into your profit.
Instead of buying supplies right when you need them, look for them when they go on sale and stock up.
Some stores like Hobby Lobby puts their pulls on sale certain weeks of the month.
You can even find some supplies at thrift stores and yard sales when you are out and about.
3. Take great pictures!
Pictures are huge when selling your furniture. You want your potential buyer to be able to see that piece in their home.
Pictures that are cluttered, don’t show the full item, aren’t clear, or contain pets in them are no good for selling your item. I know those sound pretty common sense, but you would be surprised at the number of pictures posted that contain these things!
You want pictures that are clear, show the full furniture piece in the first photo, and with no extra clutter (or pets) in them.
There is no need for a fancy camera and equipment if you can find a spot with good lighting. And if you don’t have good lighting (natural lighting by a window is best), you can rig a few lamps to work.
We only recently purchased a few soft boxes for lighting. But for the past 20 years have made lamps and windows work.
4. Price your item right.
If you want to make a good income or side income from flipping furniture, you have to price your item right.
The hard part about pricing furniture is you usually can’t get good comparables because they are unique pieces.
We see a lot of items priced well for their work, but then we also see a ton of pieces priced way too low on local selling apps like Facebook Marketplace and OfferUp.
With local selling apps, you are very limited to who you can sell to, which is why we choose to use eBay to sell most of our pieces. It reaches so many more potential buyers!
5. Offer shipping for your item
This is something that can set you apart from other furniture flippers. It’s something we actually think can be a HUGE game changer for your business.
We ship items freight all the time, and it’s not as hard and intimidating as people make it seem.
If you can move your end tables/dresser/desk to an area to refinish it or paint it, then you can ship it freight. You don’t need any fancy equipment like a forklift to do it.
Here is a set of nightstands that I re-finished with chalk paint.
We paid $20 for them at a yard sale and sold them for $300 plus shipping costs ($150)
And this dining set we purchased for $350 we sold it for $2,200 plus shipping.
And not everything has to go freight. We shipped these two end tables in boxes through FedEx.
We bought them at a yard sale for $25 and sold them on eBay for $395 plus shipping ($120).
Don’t let shipping intimidate you! It could be the thing that brings your furniture flipping business to the next level!
You can turn your passion for visiting thrift stores, yard sales, and flea markets into a profitable reselling business.
Learn how flipping can be your ticket to lifestyle freedom and financial security in this free training here.
Side note: Here’s what a reader sent me about Flea Market Flipper! How awesome is this?
Best side hustles (making $1,000+/month)
- Sell printables on Etsy – Selling printables is the #1 side hustle to make money. This can be done on your own schedule and turn into passive income! You can earn over $10,000 a year selling printables.
- Sell dog treats – Make $1,000+ selling dog treats from the comfort of your home. Be your own boss and make your own schedule.
- Proofreading – Earn $20+ an hour proofreading from home. Great for people who enjoy editing and working from a computer.
Are you interested in becoming a flipper?
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Alexis Schroeder is the CEO and founder of FITnancials.
With budgeting and side hustles, Alexis paid off over $40,000 of debt and made over $100,000 in side hustles in college.
Since starting this website over 10 years ago, Fitnancials has reached over 3,000,000 readers. We’ve been featured on sites like Forbes, Yahoo, Side Hustle School, GOBankingRates, Mint, and many more.
If you want to contact Alexis, please send an email to alexis@fitnancials.com.