Buying an item for a good price and selling it for more elsewhere is what flipping is all about.You can buy used items at thrift stores and sell them online.Some people make enough to quit their daytime jobs by flipping items for a living.To get started, you need to find some items to sell and buy.They will be listed on a website and shipped to customers who buy them.
Step 1: Visit thrift stores.
You can find items to flip at thrift stores.Most of the items you can find are relatively cheap.Most thrift stores expect flippers to come in so they won’t bother you while you’re deciding which items to buy.You’re more likely to find brand-name items that are worth more if you look for thrift stores in more affluent areas.
Step 2: Hit garage sales.
While thrift stores are a great place to find items, garage and yard sales can be equally rewarding.There are garage sales in your area.When visiting a garage sale, it’s a good idea to plan a route so you don’t go back and forth.You can sometimes get a better price at garage sales.Don’t be afraid to ask for a better price on two items.Most people are motivated to get rid of items at garage sales, especially towards the end of the day.
Step 3: Try flea markets.
Flea markets are a good place to find great deals.Flea market vendors are more willing to negotiate than thrift store vendors.Some treasures may be buried in the back of a booth that has been there for a long time.
Step 4: There are auctions and estate sales.
If you’re willing to search, you can find great deals at these places.You can get the best deals at estate sales early or at the end of the day.If you show up before the auction starts, you can see what’s up for sale.Sometimes you can buy items in lots for less than you would buy them individually.
Step 5: It’s a good idea to look for expensive and unique items.
It is possible to find expensive items by paying attention to brand names.A higher profit can be achieved by high-end brands.If it’s weird enough that a person will pay more for it, it can turn into a decent profit.
Step 6: You can search for the product online.
One way to find out if an item is worth buying is to check its price online.If you want to find out how many items are out there and what an item like that is selling for, try searching for it on eBay.If possible, use the brand name, item name and color.
Step 7: Start with something.
You can flip any item you want once you get going.Stick to one category when you’re in the beginning stages.You will soon know what’s valuable and what isn’t if you know the product you’re looking for.You should research the items online when you discover your niche.See what they sell for.Look to see what makes one of those items unique.If you resell books, a vintage or first edition book will command a higher price than other items.If they are rare or unique, certain brands of vintage clothes will command high prices.To know what to buy, you need to do some research.
Step 8: Start with small items.
It’s best to pick items that cost less when you’re first starting out.You don’t want to risk too much money.You should keep the items under $20 each.
Step 9: Don’t spend too much.
It can be tempting to spend more for an item.You have to keep your profit in mind.Walk away from it if you don’t think you can make a profit by buying it at a certain price.You will find something else later.The price of the item will affect your end profit.Research is important because of that.It’s easier to decide how much you should pay for an item once you know what it will sell for.How much does it cost to ship and list an item?Factor in gas mileage, as well as paying yourself for the time it took to find the item.If you are asked to pay for the item, compare that to that.It’s not worth it if it doesn’t cover the costs.
Step 10: You should hold yourself to a schedule.
If you’re serious about flipping, you should stick to a regular schedule for both finding and listing items.Hold yourself to your schedule, and treat it like a normal job.Information from your thrift stores can be used when making your schedule.You can schedule yourself accordingly if you know when they usually replenish or run regular sales.You can get more information by talking to store employees.
Step 11: Invest your money.
You want to keep some of the profit for yourself, but you should also invest it in new products.As much as 75% of the profits you make should be reinvested.
Step 12: A photo station is needed.
Good photos of the items you’re selling are required when listing them.Good lighting and a non-distracting background are required.Natural light works well if you have a place to set it up in your home, but you can also purchase photo lights to illuminate your pictures.
Step 13: It’s a good idea to clean or repair items.
It is possible to make a huge difference in how well an item sells.If you have the skills, try to repair or restore an item.You can get a higher price for your items with a little elbow grease.
Step 14: The price items.
Take a look at what the item is selling for on the sites you are listing on.The condition of the item will affect people’s willingness to pay for it.The brand name, the year it was made, and any special conditions can affect the price.Some first edition books are more expensive than other first editions.The middle to high end of the range is where you want to aim.Make sure you are making money.When figuring out the price for an item, be sure to include things like your mileage and time, as well as the cost of listing the item and any payment fees.
Step 15: You can find a site.
eBay is a good place to start.You don’t have to have a lot of knowledge to figure it out.It has a wide range of items and the listing prices aren’t too expensive.Other sites you can try include Amazon, Etsy, and even sites like Facebook for larger items.eBay has more restrictions than Amazon.Some selling categories are restricted.
Step 16: How do you want it to be listed?
eBay has a number of options for listing items.You can either list it as an auction item, where customers bid on it, or as a “Buy It Now” item.You can do a combo of the two, where you start the item out at an auction price, but you have a “Buy It Now” option that’s higher.Don’t sell yourself short if you do an auction.You could sell the item for less than you want if you start bidding too low.It’s a good rule to start the item at a cost.Customers can grab the item if they really want it.You may be missing out on some profit if you set the “Buy It Now” too low.
Step 17: Take photos from every angle.
Try to get a good overall shot when you list the item.You need to get the item from other angles so that the customer can see it.If you can highlight any damage, you’re not deceiving the customer.At least five photos per item is what you should aim for.Adding a ruler can be helpful for small items.
Step 18: A good title is one that is easy to remember.
“Catchy” often means using popular words for your item, as well as details for it.Don’t get into a lengthy description.It will help you find a good place in the listings.It is possible to work better than “Beautiful Vintage Jeans”.Must see!
Step 19: Accurately describe the item.
The item should be described in a short paragraph.It’s important to include things like the brand and color.If something is broken, don’t hide it.The customer is well aware of what they’re buying if they know what’s wrong with it.You should list whether the item is new or used.A pair of vintage jeans could be described as faded light blue with silver accents.There are 6 pockets in the inseam.The jeans are lightly worn and have small tears at the knees.There are many good years left in these jeans.Bullet points can be used to provide information.
Step 20: You should include your policies in your listing.
Policies and guarantees are an important part of a listing.You should list how long it takes for you to get something out the door and what shipping service you use.You should include your return policy and any guarantees.Customers will be reassured by these descriptions.
Step 21: It’s a good idea to include shipping and supplies.
If you don’t account for shipping and supplies when pricing items, it can cut into your profit.You can either include shipping in the price of the item or add it on as a shipping cost.Both approaches have pros and cons.”free shipping” can motivate people to buy.It can be a deterrent if the shipping cost is too high, and including it in the price can take away some of the mental discouragement.If you offer a lower price before shipping, it can put you higher up in the listings, so having the shipping separate can benefit you.It can make the item seem cheaper overall.You can send the item to the customer once it sells.You can meet the person for pickup if you’re in town.It’s a good idea to meet in a public place.