Can You Make Money By Flipping Thrift Store Items?

Can You Make Money By Flipping Thrift Store Items?, updated 5/17/21, 5:25 AM

Reselling thrift store items is one of the most lucrative and less risky startup endeavors you can choose.

The reselling business has grown significantly over the past decade. The demand is coming from cost-conscious shoppers and vintage item collectors.

Do not miss this chance to earn money and start learning about thrift store flipping.

https://havenhousethriftstores.com/can-you-make-money-by-flipping-thrift-store-items/

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Can You Make Money By
Flipping Thrift Store Items?
B LOG | H AV EN HOU S E T HR I F T S T OR E S
https://havenhousethriftstores.com/
Whether you are looking at the
offerings of an estate sale or combing
through the aisles of a thrift store, you
will surely enjoy the treasure hunt!
From designers’ clothing and bags to
appliances, thrift stores can be
treasure-troves of valuable items that
cost a fraction of what they would in
department stores.
But did you know that thrifting can
also be a way to earn additional
money?
With good planning, thrift store
flipping, the practice of buying items
from second-hand shops with the
intent to resell them, can help you
earn profit from those yard sale finds.
While not every trip is going to yield
you a lot of money, knowing what to
do can help increase your chances of
making money from reselling.
How to Find Good Items to Sell?
To make sure you’ll get items that will
sell, follow these tips:
1. Always Check Online
Smartphones are your best tools
when thrifting for a profit. Be sure
you have a good connection when you
are out shopping because the best way
to ensure an income is to do a quick
search on eBay before purchasing an
item.
By checking the selling price of
common items, you’ll get a baseline to
work from.
If you are unsure whether a specific
item is collectible, see how many are
on eBay, the average bid, and any
previous sale information.
However, check the condition of the
items because this can make a huge
difference. If yours is gently used or
newer, you can sell it for a much
higher price.
2. Look for Markings
Thrift stores often sell pottery wares.
If you are not sure about the worth of
a specific piece, look for markings. If
you see a stamp, check it online and
see its common resale value.
Kovels is an excellent site with an
extensive directory of pottery stamps
arranged by letters and shapes. Some
pieces of jewelry also have a stamp on
the clasps or at the back of the
pendant.
3. Shop At High-End Locations
Higher-end locations tend to hoard
better thrift store hauls. You will
surely find good brands in these areas.
4. Shop on Discount Days
Second-hand shops constantly need
to rotate their inventory because of
regular donations.
Therefore, many would have a sale for
a day or two monthly. This is the best
time to but deeply discounted items.
The less you pay, the more profit
you’ll get after flipping.
Other Things to Consider Before
Reselling Thrift Store Items
1. Clean It Up
Always be sure to buy a cleanable
item. Delicate clothing that requires
dry cleaning may not be a wise
investment.
Unless it is a designer’s item, you are
unlikely to recoup its original price
plus laundering.
Check for stains and odors. Turn away
from any garments that need more
than laundering or the use of lint
roller. For housewares, look for signs
of wear and tear.
Glass, silver, and ceramics may need
some polishing before selling. Again,
you may check and compare your
finds to similar items online.
2. Consider Packaging Costs
Profit margins for thrift store flipping
can sometimes be slim, depending on
the item that you are selling. You
should always think about saving on
any costs.
Packaging can also be expensive. Be
sure to look for boxes that better
match the sizes of your items. U.S.P.S.
offers free boxes, but the sizes are
limited.
3. Think About the Shipping Cost
Shipping can also make or make your
flipping business. The larger and
heavier your items, the more it will
cost to ship.
You have to look for several options
and choose the most affordable and
convenient shipping method for your
selling price.
Some also ask buyers to shoulder the
shipping cost. However, nothing is
more enticing to online shoppers than
the word “free shipping.”
Where to Sell the Items?
Online auctions sites like eBay are
excellent for reselling thrift store
items. Aside from having a massive
customer base, it makes selling easier
because of its easy to use app and
tools.
If you have antique items, you can
also post them on Etsy, which is a
popular fixed-price marketplace for
vintage, handmade, and antique
items.
You can also do local sales. Advertise
on Craiglist or display the items in
your garage or backyard. If you can
resell often, you may also consider
local flea markets, where shoppers are
looking for original items and fun
knick-knacks.
From a casual hobby to an actual way
of making money, thrift store flipping
has major potential. Be ready to do
some digging!
Visit Haven House thrift store now in
Florida or Tennessee. Who knows?
You might be the next who turns up
great treasures!
(850) 267-1061
PHONE NUMBER
https://havenhousethriftstores.com/
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