How To Make Money Buyng And Selling

Today, I accept a fun interview to share with you that will show y'all how to purchase and sell by flipping items. I recently had the chance to interview Melissa Stephenson of Flea Market Flipper, who explains how this may be a possibility for you.

Melissa's family yearly income through buy and sell by flipping items for 2015 was $42,875, and that was through doing this purchase and sell business in near x-xx hours per week.

Yes, just 10-20 hours a calendar week!

And in 2016, she striking $133,000!

Some of the best flipped items that they've washed include:

• An particular that they bought for $10 and flipped for $200 but 6 minutes later.
• A security tower they bought for $vi,200 and flipped for $25,000 just one calendar month after.
• A prosthetic leg that they bought for $30 at a flea market and sold for $1,000 on eBay the next solar day.

She likewise has a great webinar, Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In Every bit Niggling As 14 Days, that will help you lot learn how to make money by flipping items equally well.

If you are looking for a new job or even just a side hustle, learning how to buy and sell may be something that you desire to expect into.

Check out the interview below for more information on how to buy and sell past flipping items.

Related articles on how to buy and sell by flipping items:

• 75+ Ways To Make Extra Money
• x Ways To Make Money Online From The Comfort of Your Dwelling
• Ways To Make An Extra $1,000 A Month
• My Online Business Income Reports
• viii Items To Sell Around Your Home For Extra Money

Hither is how to buy and sell by flipping items:

ane. Please give us a little groundwork on yourself, how you started buying and selling items, and how flipping items is going for you right now.

Hi Michelle! Thank you then much for having me on your web log! My name is Melissa Stephenson. My husband Rob and I purchase used items and resell them online for a living. It has ever been a side stream income for us, but more recently has go the bulk of our income. He started way before I did, and I got into it because of beingness married to him!

He started back when he was 16 – and was one of eBay's first users.

Even though he was 16 when he started selling on eBay and in the classifieds, he was exposed to it every bit a young kid. His mom used to go to thousand sales all the time when he was a child and purchase baby items to resell. She would find the nicest apparel, strollers, and car seats and post them in the classifieds. She made a great side income for their family of ix! (They had vii children and my husband is the youngest and simply boy. Can you imagine being the only boy with vi older sisters! He admits he was a piddling spoiled by them.)

This was something she could practice with her kids, brand some money, and notwithstanding be home with them. This aspect of 'flipping items' has more recently attracted me to it. Something we tin do while nevertheless being home with our 3 immature kids. We take a iv yr old, 2 year old and nine calendar month old, and having the ability of our own schedule has helped us out a ton. We haven't had to pay for daycare considering of it.

Related: How To Sell Your Stuff

two. What'southward the best item you've ever flipped?

We have had some pretty interesting items come up though in the past x years of matrimony. It is so hard to choice merely one! I can put them into three best categories.

The award for the fastest flip would go to a parachute harness nosotros sold in September. We found information technology for $10 at the flea market, listed it on eBay and it sold for $200 in 6 minutes! That is both a good and a bad thing. Practiced because we made a 2,000% return on our money, and speedily, but bad because if information technology sold so fast we probably priced it besides low!

The award for the nearly profitable flip goes to a large purchase and sale this summertime. Nosotros bought a large parking lot security tower from an online auction for $six,200. We don't usually spend this much money on items, (we really like to stick to the $x-$fifty range) only he did some research and we made it happen. We ended upwards selling information technology on eBay for $25,000 in 1 month'southward time!  That was a corking summer bonus!

Lastly the flip that wins the nearly unique is one that we did almost nine years ago. A prosthetic leg! Yep, that's correct! A titanium leg with knee articulation. We found it at the flea market place for $thirty and sold it on eBay for $ane,000 the next day!! That was also a quick and very profitable flip likewise, so information technology might win best overall as well.

Related: How Thrift Store Reselling Is Good For The Environs And How To Do It

3. What exactly is a flipper? Tin y'all explain buy and sell more?

I would love to explain a little better what it is we do. A flipper is someone who buys something at a lower toll point from one market, and sells it at a college price point to another marketplace that is looking for it. Some people may be familiar with the shows American Pickers and Storage Wars. All of those people would qualify equally pickers and flippers. They pick through used items, find out what they can sell and so turn around and sell information technology.

Another instance of flipping that is popular is with houses. Many people buy houses that need some TLC, ready them up and so sell them for a college toll.  Pickers and flippers are ownership from one market and selling it to some other (usually with a footling bit (or sometimes a lot) of work in between).

Everyone in the scenario wins. Have for example what we exercise – buying used items from the flea market, thrift stores, and yard sales. We will utilize but the flea marketplace to simplify it. We purchase an item from a flea market vendor; they brand money on us considering near probable they bought their item cheaper from an sale in bulk, or from a thrift store. (They are flippers too!) Then we sell it online (on eBay, Craigslist, Facebook or Offer Up), to reach a larger audition. The person who bought it is happy because they got the item they wanted and they got it for a discounted price besides.

Y'all might ask why the flea market vendor wouldn't just sell the item online to make the larger profit. Do they non know that selection is bachelor? Many of them are well aware of selling online, and the ones Rob knows will even tell him what it is selling online for – telling him what we could become for it. I think some of them have lived this lifestyle of the flea market for so long that they don't really want to mess with selling online. They take their routine of going to auctions to purchase supplies, and then selling them at the flea market for a small-scale markup. They make the coin to pay the bills, and are happy with that. They don't really want to learn or try a new skill.

We take good relationships with several of the vendors at our local flea market place now, later years of buying things from in that location. We have returned not working items before, and sometimes we may even have a tab or credit running with some of them. That is how often nosotros see them! Sometimes when they come up across an detail they think nosotros would be interested in, they call us up and we go check information technology out, and most likely purchase information technology. They are helping us out and we are helping them out.

4. How do you make a living through buying and selling?

I mentioned before that we have done this on the side for as long equally nosotros have been together (and Rob even longer), just the concluding four years we have made this more of a meaning part of our income. We have a couple modest income streams on the side. My health and nutrition network marketing company and Rob's one twenty-four hours a week home insurance inspections help us out, but the flipping items has been the bulk of our income since I stepped abroad from personal training to raise our three young kids.

Nosotros knew that if we could brand a significant side income in a few hours a week, that if nosotros put more than fourth dimension into it that we could make a living off of information technology.

5. What do you like well-nigh being a flipper and flipping items?

There are a couple great benefits from doing this as our 'job'. One matter that we both love is our time flexibility. With three young kids who aren't in school even so, my 24-hour interval revolves around them. They require a lot of attention, so I primarily piece of work on our business concern when they are napping or after they get to bed. We can go to the flea market together on the weekends, and I also enjoy browsing g sales on a Sabbatum morning. Rob works a little more than on our business concern during the week, just if we want to take a morning off with the kids as a family nosotros practice it. For instance, in December nosotros wanted to take the kids to go come across Santa Clause at the local mall, just wanted to do information technology on a weekday earlier school kids got out of school.  We did it and walked right upwards to see Santa with no line! We also accept a membership to a water park and in the summer fourth dimension (who are we kidding, most of the year since nosotros are in Florida!) we accept the kids there in one case a week as a family.

Some other thing that I honey virtually it is non answering to a boss. I have enjoyed working for several companies, one as a personal trainer for 5 years, and some other as a performer on horseback in a dinner show for three years (that was fun!). With any job comes management – some neat, and some not then great. It is nice not having to bargain with some of the not and so great anymore. And nosotros don't have to ask anyone when nosotros want to accept off for vacation! We like our vacations- particularly route trips We did a 2 week road trip at Thanksgiving and were able to make $5,600 on eBay while on the road!

A third benefit is that the kids are constantly getting to play with new toys! An instance is a couple Powerwheels (drivable toy cars) we take sold. We purchase them used, commonly supervene upon the bombardment, and they ride effectually in them until we sell them. It's always a thrill to see what comes home from the flea marketplace each week! Which leads me to my side by side bespeak:

In that location is never a tedious moment. Information technology is hardly a wearisome job. We never know what fun item we are going to notice next. Nosotros recently purchased a very large lot of baseball, basketball, and football cards from a flea market place vendor who won a storage unit of measurement auction. We are going through them to come across if in that location are whatsoever 'treasures' before nosotros sell the whole affair off. It's fun considering both Rob and I collected baseball cards as a kid. My dad was really into baseball and I loved collecting cards with him. I besides remember it was the matter to exercise in the 90's (when both of u.s.a. were teens). Last week we bought searchlights that take been used by NASA to guide the space shuttles in – next week – who knows!

half dozen. If you don't heed sharing, how much have yous earned past flipping items? How much tin can the average person look to make on a function-time or full-time ground?

When we were merely treating this as a side hustle/ side income, we didn't exercise a good task keeping track of our numbers. We changed that in the past 2 years and now continue track of everything. Our yearly income for 2015 was $42,875, and that was doing this business organization in virtually 10-20 hrs/week. In 2016, our income totaled $133,000 with probably an average of 15-thirty hours per week.

Obviously there are no guarantees with this or any business, but if someone puts in the effort, they should be able to make a few hundred to a few k dollars per month over time. We were making on average $ii,000-$iii,000 per month when we were doing this part time in nigh five-15 hours per week. Nearly people can fit in a few hours in a week to make some extra money – heck, in the U.S. we boilerplate 31hrs of television per Week! (I could not believe this statistic when I looked it up!)

Our goal is to help people first hit $500/calendar month, then $1,000 and more.

7. How does someone starting time a purchase and sell business organization and find things to sell?

One matter I dearest about this business is that ANYONE can do it.

Male, female, any race, any age, any education, and any skill ready can all acquire the skills needed to be successful at this. A person only needs access to the Internet and a camera or a smart telephone. Smart phones accept made all the deviation in this business the past few years. Rob used to buy an particular, take pictures with a camera, plug the photographic camera into the figurer, upload them to eBay and then did the item description on a third political party html site. Now we snap a moving-picture show with our phones and tin immediately upload it from the apps. Such a time saver!

Nosotros decided in 2015 to start pedagogy an online course chosen Flipper University to help people go their business organisation started.  Nosotros take all of our knowledge and 20 years of feel, and put information technology all together in a half dozen module pace-by-footstep course. We help people get started who have never done eBay before and nosotros help people re-launch their business so they are bringing in more income.

8. How much fourth dimension does it take to start and maintain a buy and sell business?

That all depends on the buy and sell income goals that a person has.

Someone could hands become started and do well in 5-10 hours a week. When they are simply getting started information technology shouldn't be too hard for them to get $500-$1000/ a month in the get-go, and so growing to a few thousand dollars every bit their experience increases.

9. Who does a flipper typically sell to?

This will depend on their buy and sell niche. We encourage people to sell items in a niche when outset getting started.

We ask what things are they passionate well-nigh or interested in? Fashion? Accessories? Antiques? Furniture? Baby items? Collectibles? Gadgets?

Whatsoever they are interested in, they will accept a ameliorate understanding of the detail, and be more comfortable selling information technology in the outset. This is just something we encourage in the beginning, but non something that has to be washed. Nosotros no longer have a certain type of item or a sure blazon of buyer.

Most of the buyers are from eBay, and then we don't even know much virtually them. Nosotros simply know they are looking for the item nosotros are selling, and then they buy it. We usually only know their eBay username and aircraft address.

x. How much does it price to start a buy and sell business and how much on a monthly footing to maintain it? Are there any other tips that you have for someone who wants to outset flipping items?

I dear this question because information technology tin really exist very little to start up.  You can fifty-fifty start upwards with zero cost if you put a fiddling endeavor into it. At that place are several ways to notice costless items that you lot can flip for a profit.  Rob even wrote an eBook several months ago on this topic because we have done all these as well!

In our course we likewise advise that people budget out a number that they are comfortable with spending in a month to grow their business. We can say for example information technology's $twenty-$100 the commencement month. With that, a person tin can buy one or several items to get-go making a profit on. We won't buy anything that we tin can't at To the lowest degree double our money on. And then if nosotros are investing $100, than we are at least going to brand $200 on the particular.  Only xc% of the time it is way more than than that. Usually we get 3x-5x the amount nosotros are investing.

We recommend that people choice a budget to start with. Let's say that number to first with is $fifty. Then they take that $50, make $150, put $75 back into the bank and $75 into buying more than items. At present they could make $225 from that $75, put $125 back in the depository financial institution, and take $100 to invest. Or they could put $150 in the bank and re invest the $75 to make another $225. (These numbers are non exact numbers obviously, merely they are a good idea of what tin can be washed). You can build up a overnice piddling account of coin to utilise to buy items, and keep making more money to pay your bills, put into savings, pay for a trip, etc.

Both Rob and I dear the $10-$50 toll range for a lot of items. Percentage wise we usually make the nearly money on this price range. He will spend a chip more on some items that he has done some inquiry on, but we do like to stick to nether $50 for the nearly office. One of his more expensive purchases recently was 3 bedbug machines for $250 at an auction. They were pretty big machines (like a large generator size), that heated the whole hotel room up to kill the bed bugs.  We sold the 3 of them for $3,000. And so that was a $2,750 profit minus the eBay fees. EBay charges ten% and Paypal charges near iii% on transactions. While it kinda stinks to pay the fees, eBay reaches such a larger market than craigslist, Facebook or Offer upward, so it is definitely worth information technology. It is a cost of doing business organization, and so you just factor it into your profit.

For someone wanting to endeavor this out, I would propose start seeing what resource they have available. Notice out what flea markets, auctions, and thrift stores are nearly them. Also check out offering up and Facebook for some practiced deals that can be flipped. And near of all Accept FUN! We have a great time visiting the flea markets on the weekend. It is really funny to run into how Rob just jumps out of bed those days! He gets lit up when it is flea market day! When y'all relish what you do, the work part of it doesn't feel as much like work anymore. We are very thankful for our flipping business!

Equally y'all can see the investment doesn't take to be also high. And we launched the free webinar Plow Your Passion For Visiting Thrift Stores, G Sales & Flea Markets Into A Profitable Reselling Business In Equally Little Equally 14 Days.

Are you lot interested in learning how to buy and sell and becoming a flipper by flipping items?

Source: https://www.makingsenseofcents.com/2017/02/buy-and-sell-flipping-items.html

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