Flipping items for profit is a great way to make money online — and let’s face it, we could all do with some extra cash right now. Whether you’re furloughed and looking for a new hobby, or you’re searching for a new income stream, flipping items online is worth a try.
How does it work?
It’s really simple. All you need to do is buy something cheap, upcycle or improve it in some way, and sell it online for a profit. You don’t need super DIY skills, either — sometimes, all you need is a paintbrush.
Ready to start flipping items for profit? Here’s a rundown of the 6 easiest items to upcycle and sell for a profit online.
Old or unwanted garden furniture is a great place to start. Why? Because often all it needs is a little sanding or power washing to get it into shape. Scrape away chipped paint on an old bench, or paint a rusty table, and it’ll look good as new.
You can often find used garden tools on eBay or other online marketplaces, and this equipment is always in demand. Clean up an old rake or replace a broken lawnmower part and you can flip it for a nice profit online.
Ready to get creative? Repurpose ordinary household items and you could turn a profit. You could:
- paint old plant pots and turn them into vases;
- gather loose planks of wood and turn them into something practical, like a bookcase;
- turn old glassware, including wine bottles, into ornaments.
The only limit here is your imagination.
Flipping old watches for profit can be surprisingly lucrative. Replace the battery or give the worn straps some TLC and they won’t be hard to sell to collectors or general consumers online. Just make sure you check that the watch works before you buy it.
It’s easy to turn an old wooden table into something that people want to buy. Give a table a fresh coat of varnish or sand it down, and you’ll attract buyers.
You’ll find wooden tables where you normally find old wooden furniture — at auctions, house clearances, and flea markets.
Speaking of wooden furniture, you can buy everything from old chairs to drawers and fix them up. If you’re handy with a paintbrush, you could turn them into bright statement pieces, or you could paint some cool designs around the sides.
You can flip these pieces for high profits because they’re unique.
Where to find items to flip
Once you know where to look, it’s pretty simple to find items to quickly buy and sell online. Here are some suggestions to get you started.
- Car boot sales
- House clearances
- Charity shops
You can also ask family and friends if they’ve got anything unwanted lying around.
Start flipping items for profit today
While it’s easy to start flipping items, there are some common — but avoidable — pitfalls to be aware of. Follow these five tips to ensure you make money, not mistakes.
- Do your research and make sure that there’s a market for what you’re selling.
- Set a budget for every item and don’t overspend.
- Start with small, inexpensive items first and see how you get on.
- If you’re flipping something electrical, make sure it actually works before you buy it.
- Negotiate prices where possible — squeeze the highest profit margin out of every item.
Coronavirus pandemic or not, there’s no need to dig into that emergency fund just yet. If you’re looking for extra cash or a lucrative side hustle, flipping items for profit is the way to go.
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