Simply put, flipping is the practice of reselling something for a higher price than it was originally sold for. If you're a fan of HGTV, then you already know all about house flipping: real estate investors purchase a home, renovate it, and sell it for a profit.
But flipping isn't just for houses. By researching the best things to flip for money (and choosing the right marketplace), you can also earn a profit by reselling items you either already own or can buy for cheap.
Whether digital or film, cameras are undoubtedly one of the best items to flip, thanks to their typically high price-to-size ratio. For instance, a film camera barely bigger than a deck of cards, such as the Contax T2, can sell for well over $1,000 on eBay.
With that massive number of tech users comes a lot of used tech products, many of which you can resell for a profit. After all, the global used smartphone market is projected to reach $39 billion by 2025.
If you focus on finding and flipping products that retain the maximum amount of value, such as smartphones, tablets and accessories from major brands, you could make some serious cash. To find out exactly how, check out Flipsy's in-depth phone flipping guide. They estimate that if you sell 10 phones per week with a profit margin of $50 each, then you'll be able to earn $2,000 per month.
From treadmills to stationary bikes to weight sets, exercise equipment tends to be bulky, heavy and inconvenient to move. That means sellers may be eager to part with theirs for an extra-low price, which means an excellent reselling opportunity for you.
Just like exercise equipment, household appliances are generally heavy and can take up a great deal of space. That makes sellers extra motivated, giving you a chance to swoop in a purchase undervalued appliances before selling them for a profit.
Amazon got its start selling books, and so can you. Books are often available at thrift stores and on local marketplaces for ultra-low prices but can fetch a much higher price when sold either online or to a bookstore.
You can get them from thrift stores, marketplace apps or even college students you know personally and sell them either locally or via an online platform. Amazon even has a complete guide to help you get started.
How much money can you make Some experienced book resellers report making $40 to $50 for every $10 spent. Using that benchmark, you could turn a $500 monthly investment into about $1,500 in monthly revenue.
If you already have a collection of high-end bags (lucky you!) or are willing to spend the time required to find good deals on them, you can make extra money by selling them to fashion-inclined buyers.
If you're able to resell multiple ultra high-end bags per month, you could make $5,000 or even more. Even if you opt to sell mid-range bags instead, you could still make hundreds of dollars each month.
Plus, you can find such jewelry at a variety of places. Whether you prefer to scour estate sales, thrift shops, online platforms, flea markets or your own stash of secondhand pieces, you're sure to find something you can resell for a profit.
These items are some of the easiest to sell, too. That's because they're readily available for ultra-low prices at thrift stores and via platforms like Facebook Marketplace, don't take up a lot of space and readily fit in a standard mailer.
The kind of vehicles you sell can vary greatly. For example, if you live in an area known for its outdoor activities, then it could be the most lucrative to sell ATVs or jet skis. But if you live in a region with lots of commuters, then selling cars could net you higher profits.
Use that to your advantage by nabbing those instruments and selling them for a higher price. This is even easier if you can find instruments from major brands like Yamaha and Gibson, whose products people are usually willing to pay more for.
You can start by checking thrift stores and garage sales for items like drills, lawnmowers, circular saws, power washers and the like. After purchasing them, you can sell them online using a site like eBay or locally using a site like Craigslist or Facebook Marketplace.
The saying \"one man's trash is another man's treasure\" is never more true than when selling stuff online. As our handy list proves, you really can make money from buying and selling low-price, everyday items, and even things that you might otherwise throw away.
As long as it's before the expiration date, you can try selling it on eBay. If you ask for a little less than the value of the gift card, it'll be snatched up in no time.Coat hangersGot a wardrobe filled with more hangers than clothes Why not sell them They won't go for much, but it's better than nothing! If you have a matching set of hangers, you can probably get around 50p online.Wine corksWine corks are perfect for arts and crafts, which makes them a perfect thing to sell.
If you drink enough of the good stuff to build up a collection, you can make around 10p per wine cork and as much as 15p a pop (literally) for champagne corks. Facebook Marketplace is a good option for this, so you can sell locally and save money on shipping.Your hairThis may not be the first thing you will think of when it comes to finding things to sell, but you can earn some serious money for your hair.
We've seen someone sell 800 of them for 48 plus 22 P&P but, more realistically, you can sell old toilet roll for 10p per piece. Still better than throwing them out for free, rightAdvertising space on your blogHave you got a personal blog One of the easiest ways to make money from your website is by selling ad space.
You can apply to ad networks like Google Adsense or even reach out to individual companies. If they sell products in the same niche as your website, they could want to advertise to your readers.Your photosWe're not talking pics of you and your mates getting drunk on the beach in Marbella... but if you have a keen eye and a creative head on your shoulders, you could make great money on your pics. You don't even need a fancy camera to produce money-making photographs either.Old mobile phonesGot some old phones stuffed away in drawers that you haven't used since you upgraded
Rather than letting them gather dust 'just in case' you possibly need to use one of them (never going to happen), why don't you sell your old phone for cash instead You could get up to a few hundred pounds from them.Your opinionIf there's ever a way to make you feel like your opinion really matters, it's when someone offers to pay you for it.
You could offer private tutoring or take on some freelance work in your area of expertise. It's a great way to earn some extra money and it also looks great on your CV.Your servicesYou don't need expert skills to cash in on your services either. Apps like Task Rabbit let you earn cash for helping people do small (normally DIY-related) tasks. It's worth signing up to task apps to complete small and super-easy tasks in your local area for a payout.Your language skillsAre you blessed with the ability to speak a second (or third, or fourth...) language You could make money selling your language skills. From translating texts to creating language resources, there are loads of options out there.Old university booksLet's be honest, you're unlikely to ever read them again. The quicker you sell your textbooks (i.e. while the edition you have is still current), the more cash you'll get for them.
Just make sure to keep the shipping costs in mind, as parcels filled with books can get quite heavy and pricey to send. Or, better still, just sell them to the students in the year below!Old CDs, DVDs and gamesWe've all got films we've not watched more than once (or at all), or games we played once and got sick of. Luckily, there are places to sell your old DVDs, CDs and games and turn them into quick cash.
You'll be surprised to see empty boxes for iPhones, PlayStations, and loads of other electrical goods going for a decent amount of cash.Instruction manualsGot any manuals knocking about for items you don't use, or know how to use already (so no longer need the instructions) Manuals for things like sound systems and computers sell pretty well on eBay.Remote controlsThis is another weird way to make money, but it's funny how every household seems to have a spare remote control stuffed away in a drawer that no one can remember what it was for originally.
You could also sell your tech to companies that refurbish second-hand electrical goods. For example, have a look at the offer prices from Music Magpie.Egg cartonsWe're guessing this one is for those who keep chickens and aren't able to eat the eggs fast enough. Or perhaps someone who's looking for some cheap soundproofing
Whatever the reason is for empty egg cartons selling online, the fact remains that they do. 50 half-dozen boxes will get you around a fiver on eBay.Personalised giftsIf you're a bit arty and business-minded you could set up your own online store and start selling on Etsy.
There's no doubt that eBay has become a go-to place for anyone looking for a deal. But whether using traditional auctions, or the more popular Buy It Now option, what should you be going to eBay for first And, what should you be selling on eBay to ensure you get the most money for your items
Make no mistake, if you are looking for parts to replace the broken ones in your car or truck, the last place you want to get them is the dealership or specialist supply store. In every case (unless someone would like to prove otherwise), you are going to be paying significant markups, as these places have to support a large staff, building costs, and all the other overhead. When you shop on eBay, you have access to hundreds and thousands of parts from both licensed sellers, hobbyists, and people who find parts at wrecking yards. As always, you'll be protected by a guarantee from eBay, so if the part is not exactly as described, you can get your money back. Just remember, if it's a used part, you want to inspect it very carefully before having it installed. 59ce067264