Flipping items can be a fun and rewarding sideline activity. While certain items may require some work to resell, it’s well-worth the effort. If you select the best items to buy and sell, you can make an excellent profit.
All the extra income you make from flipping can add up faster than you think. Before we share the best items to resell for extra income, here’s why you should consider flipping as a sideline venture.
Why you should start flipping for profit
You may wonder whether it’s worth your while to flip items for cash. After all, there are many ways to make money. Flipping is a good opportunity for a number of reasons. It’s simple to find things to sell, fix up, and then sell for a profit.
Obviously, there could be some challenges involved in starting a business. Next, you should select the right items, which is well worth the money. It’s a relatively flexible side job. You can work whatever hours you desire, selling as much or as little as you want. Let’s look at what to sell and where to sell it.
Where to sell items
Another fantastic benefit to flipping is there are countless areas to sell your merchandise. Here are the top locations to sell items for a profit!
Facebook Marketplace can help you find local sellers by offering you access to a Facebook account. All you have to do is download the app. This is an excellent method to start if you are already comfortable with Facebook. You may even find some offers for items to buy and resell.
Used clothes is one of the easiest items to repurpose. ThredUp will provide a bag into which you can place your used garments. Then you ship it off, and they will pay you based on what things they are able to sell. You can get paid by cash or by ThredUp credit. And it is completely free, so there’s that.
This Amazon site is large, and they have an organized method for vendors. You can sell various items on Amazon, making it a great place if you’re just getting started with reselling items.
If you are looking to sell valuable items, you should begin with eBay. There, you can list virtually anything, including books, toys, clothes, and furniture. If you want a one-stop shop for selling your items, this is it.
This is a simple and effective way to sell goods. OfferUp is an app, and it is easy to set it up. The variety of goods available at home is considerable, so you are likely to be able to quickly search what you currently have and resell it.
Most people have heard of Etsy. Etsy sells unique items, from jewelry and clothing to art and home decor. It is a great spot to sell unique items.
25 of the best items to flip
Want to learn how to get started? Here’s a list of the 25 best items to sell that will provide you with good profits.
1. Chairs or sofas
Furniture is an excellent thing to repurpose. Sometimes, you can refinish a chair or sofa, or just wipe it down well. Shop at garage sales, secondhand stores, and online classified sites for items to turn. Sometimes people even give away used furniture if you deliver it away for them!
Tables are also one of the easiest items to test. Inspect the table for any issues, including legs that have fallen off. Then polish it up and take photos of it to list it on Google Earth.
You could repurpose old tables or refinish a wood surface and sell it for higher profits!
3. Antiques are some of the best items to flip
Antiques can be worth a lot, depending on how old they are, their condition, and their type. You can find excellent bargains at thrift stores or estate sales. Try to buy something for below its cost to make a profit.
Another furniture item that is easy to clean up and resell are desks. Desks made from high-quality materials and that are still in decent condition are a high-level commodity and one of the best items to resell.
5. Any type of furniture that is wood, metal, or wicker are the best items to flip
These items are generally in style and very durable. For this reason, they’re often sold for furniture. These objects are similar to tables in that it is easy to improve them to make them more appealing.
For example, you can spray paint old furniture to give it new life and charge more for resale. Additionally, finding creative new ways to upcycle these pieces can increase your sales.
This requires a great deal of knowledge, but it can be immensely rewarding. You need to know how to inspect a vehicle thoroughly, and you also need to know how to fix it.
You will also need to know about different models and their normal prices to know whether you are getting a good deal or not when you initially purchase a car. Cars are quickly lost value, but you can make good profits by selling them after a little time.
7. Regular bicycles
Bicycles are useful and practical for everyone to have, but many people want to purchase one for a low price. You can find bikes that need some repair or new paint and resell them for a profit.
8. Houses are the best items to flip for the most profit
Flipping a house is quite a bit difficult, and there is a lot involved. But essentially, you’ll need to buy a house at a low price that needs some fixing up.
Then you fix up the property and sell it for more than you paid. There are many rules for this, so take your time. If you are proficient at home maintenance and design, this may be a good option.
9. Gym and workout equipment
These expensive items are well suited to reselling. Just make sure it’s in top condition and up to safety standards before selling it. Some of these items are heavy and bulky, so some people will sell them cheap or give them away just to get rid of them faster. This means a bigger profit for you!
10. Old electronics are some of the best items to flip
Examples of such electronic devices include cell phones, tablets, and e-readers. For instance, used iPods that have a high-capacity storage component, such as those with 120-160 gigabytes of storage space, are usually selling for a decent amount of money.
You can search your home or garage for old gadgets that have gotten lost. These are often excellent items to sell for cash.
11. Luxury handbags are some of the most lucrative items to flip
Do you know designers and how to find a genuine design item from a fake? Then you might enjoy a career in selling luxury handbags. Sometimes you can find a great handbag at discounted prices in consignment stores or online. Then clean it up like new to sell.
However, handbags are generally not good investments but may be lucrative items to sell.
12. Name brand clothes
If you can acquire clothes in good condition that have been made by popular brands, you can make cash. You should seek out items that will last a long time and that are constructed from quality materials. You might find valuable items at thrift stores and Goodwill stores.
Sometimes you can even find great deals on items for sale at retail stores and resell them for a profit on websites like Poshmark! Check for blowout sales and consider using coupons as well to obtain the greatest deals.
If you find high-quality shoes from inexpensive designer brands that are highly discounted, buy them and sell them for a profit. Keep an eye out for anything rare and valuable. Another option is to refurbish used shoes and sell them for thousands of dollars.
For example, you can just paint beautiful designs on their shoes and achieve a profit of over $100 per pair. If you’re creative enough, you could even design the shoes and sell them for a much higher price.
Dishes, pots, pans, glasses, and coffee mugs – you may find many of these items at garage sales. After cleaning and repairing them, you could easily sell them for a higher price than you purchased them.
Watch for old kitchenware, as these items fetch much more money than regular items do.
15. Household appliances
Appliances such as microwaves, refrigerators, freezers, washers, and dryers are commonly used, but they are expensive. As a result, people often purchase a used appliance in good condition to save money.
16. Blogs can be one of the best items to flip
Not one of the easiest things to flip, but if you are willing to work hard and learn, you can make a decent amount of money flipping blogs. Many people do not even know about this possibility.
Jenn Leach of Crowdwork News interviewed Sireesha Narumanchi, who has made more than $80,000 selling websites.
17. Old board games
This is a great idea and one of the best things to sell. Old board games may not have much resale value on their own, but listen to this: The Selling Family says you can make a profit of up to $5 for old game pieces.
This is an old stand-by that is very popular. You can still make money selling books, though. Just check out what’s most highly ranked and start your searches from there. Look for books in used book stores and yard sales and sell them on sites such as Amazon.
You can make some lucrative laptop-flipping devices. You’ll need some technical know-how to turn a profit selling these devices, though. If you know how to factory reset them or how to even repair them, you can buy them very cheap and make a bundle.
20. RVs or campers
Flipping RVs and campers require a lot of work and skill to spot a great deal. But if you have some home repair and maintenance skills, you can use them in this way. Use YouTube as a source of information and inspiration.
Buying an ATV for cheap, fixing it, and selling it can be a lucrative deal. Keep an eye out for deals or items for sale. Check locally on Facebook Marketplace or Craigslist to find used refrigerators for sale.
22. Dirt bikes
Similar to other outdoor equipment, check advertisements in newspapers and online sites for dirtbikes for a good price. Then resell after maintenance. You can learn more about turning dirt bikes on sites like YouTube.
23. Baby gear – cribs, strollers, etc.
People are always on the lookout for valuable items, such as these, at bargain prices. Visit garage sales to find items in good condition that you can clean and resell. Quality brands including UPPAbaby, Valco Baby, and Graco make for more profit.
24. Jewelry is one of the best items to flip
Jewelry is arguably the best thing to sell. You can buy and sell so many different varieties to make a profit. For example, you may find costume jewelry for cheap at yard sales and thrift stores and sell it on sites like Etsy.
At times you can find rare name-brand jewelry and can make good profits. Of course, gold and silver are valuable, but they may be harder to find at a lower cost.
After you find jewelry, be sure to clean it up and take good photos for selling. You can begin by clearing out your jewelry box for items to resell.
25. Musical instruments
If you can make some extra cash by selling guitar, keyboard, drum, or other instrument, consider doing it. It’s a great way to enjoy yourself while also generating some extra income. Like most things, if you get popular brands like Fender, Gibson, Yamaha, etc., you will earn more for those products.
How much can you make flipping for profit?
It depends on the products you are selling, the number of items you produce, and what you charge for it. There isn’t an easy answer to this question.
However, an article by Financial News suggests that you can make as much as $2,500 to $5,000 more a month by buying and selling used items as a hobbyist. There’s a lot of extra cash to help you afford things you want or need.
What to do with extra cash
Now that you’ve made money, what are you going to do with it now? It is essential to have a plan for any money that you make.
Put extra cash towards a down payment on a house
If you want to buy a home, use the profits from buying items to save up for your home down payment. Down payments are a big expense, and most people need to save thousands of dollars.
A good percentage is 20% of the purchase price, though you may be able to get 10% or even less. The more you have, the better off you’ll be, because it’ll be cheaper for you to acquire it later.
Use the money for an investment opportunity
If you have extra money to invest, this could be your big break. You could invest in real estate or open a new business using side income so you can take greater risks.
Save some money to buy more items to flip (invest back into your business)
You’ll also need to save up some of your money for purchasing additional materials. Initially, much of your money goes back to your company. Over time, you will get better at turning, learn what is the easiest thing to turn, and be able to charge competitive rates.
Get started with these best items to flip and make cash fast
Flipping items is something that you can do if you have many items to sell or if you are good a bargain hunter. Flipping is one of the more profitable side hustles because there is a simple way to begin and you can progress to larger items as you make more profit.
It’s a great way to make quick money and it can be turned into a full-time occupation if you love it that much. So get started today and learn how you can build your business with our free training course!