Wouldn’t it be great to find a way to make a few extra quid every month? Do you fancy yourself as a bit of a Delboy Trotter, buying and selling, wheeling and dealing? Hopefully, with the help of this article, you can have a bit more success than poor old Delboy.
This time next year we’ll be millionaires…
We’re going to establish:
- Why ‘flipping’ items for cash is a great idea
- 20 ‘flippable’ items with the biggest profit potentials
- Where to find stuff to buy cheap
- Where to sell stuff for a high price
- 10 top tips for success
Is it worth it? Let me work it.
If you have a bit of spare time on your hands, flipping items for cash can be a good way to turn your bank balance’s frown upside down. You can be totally flexible about when and how long you spend on it. And start small so that you don’t have to lay out a huge investment or take a big risk.
Reselling second-hand items also benefits the environment and if you’re skilled with your hands, there’s even more opportunity to bring home the bacon by repairing, refurbishing and upcycling.
The longer you spend on your ‘flipping’ project, the better you’ll get at it. Working out what things sell for the most and where. And just think how proud you’ll feel to be turning a profit for your hard work and wares.
What to find or buy to ‘flip’
You’re looking for items that people perceive as valuable and are expensive to purchase new but that some will be giving away for next to nothing. We’re talking under the bed and in the loft-type stuff.
Here is a list of twenty of the most ‘flippable’ items to get you started:
1. Solid wood furniture
2. Upholstered furniture
3. Garden furniture and ornaments
4. Electronic garden tools
5. Power tools
6. Household appliances
7. Sports equipment
8. Vintage sportswear
9. Designer clothes and shoes
13. Record players and records
14. Photography equipment
15. Collectable and classic toys like Lego
16. Video games and consoles
17. Car parts
18. Book sets
19. Vintage board games
20. Golf buggies
Where to find ‘flippable’ things
The best place to find items to sell (because it’s the easiest and cheapest) will be your own home. Have a really good rummage for anything that you don’t need anymore and could turn into cash. If your family or friends will let you do the same or you can offer to help them to have a clear-out then jump at the chance.
Places that you can find brilliant bargains are:
1. Your home or at family and friends
2. House clearances
3. Car boot and garage sales
4. Village/church hall and fete sales, ‘bring and buys’
5. Charity shops
6. Flea markets
7. Junk shops
8. Auctions (you can also legally buy stolen goods and lost property from police auctions)
9. Skips and rubbish bins (with permission)
10. Online from sites like eBay, Fat Llama, Gumtree and Facebook Marketplace