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-   -   Can you make decent money flipping items from thrift stores? (https://www.aspkin.com/forums/general-money-chat/124723-can-you-make-decent-money-flipping-items-thrift-stores.html)

Math_Pro 03-14-2019 05:29 PM

Can you make decent money flipping items from thrift stores?
 
The goodwills near my location have pretty bad reviews saying that their prices match Walmart's. What do you guys do to obtain stock to sell on eBay? And how do I know it's worth buying and if it will sell?

JamesNorth101 03-14-2019 05:40 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by Math_Pro (Post 985926)
And how do I know it's worth buying and if it will sell?

Lots and lot of research

Math_Pro 03-14-2019 05:42 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by JamesNorth101 (Post 985929)
Lots and lot of research

Mind telling me from your experience? appreciated.

JamesNorth101 03-14-2019 05:43 PM

Re: Can you make decent money flipping items from thrift stores?
 
Well trying to do what your doing then that really is the only answer. Lots of research and you will get a feel for what will and will not sell

rsot 03-15-2019 02:11 AM

Re: Can you make decent money flipping items from thrift stores?
 
Research is key OP - tough to make decent money on flipping thrift items unless you do VOLUME.

Some people may sell you info if you're willing to purchase - just be aware.

oompaloompa 03-16-2019 02:14 PM

Re: Can you make decent money flipping items from thrift stores?
 
you need a good eye if you buy at a charity shop and you might find something that will turn a profit, eg. a brand named item. If you list something long enough, you should sell it, it could take relisting a lot. Is it a business model? no, too hit and miss.....

yankee 03-16-2019 02:27 PM

Re: Can you make decent money flipping items from thrift stores?
 
Some people make huge money like this. Like anything, you have to know your market. How do you know what to buy and for how much you ask? Research. Price items out, and check and see what they are selling for.

No magic crystal ball, especially when flipping other peoples trash into other peoples treasures.

Pedroalva 04-19-2019 04:30 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by Math_Pro (Post 985926)
The goodwills near my location have pretty bad reviews saying that their prices match Walmart's. What do you guys do to obtain stock to sell on eBay? And how do I know it's worth buying and if it will sell?

Got started with Poundland years ago
Got used to shop there and empty shelves around
now saturated

james_112233 04-19-2019 05:26 PM

Re: Can you make decent money flipping items from thrift stores?
 
I wouldn't bother with thrift stores. You need to shift a lot of stuff to make any money.

There are really good margins on expensive, popular gadgets and electronics. BUT, big BUT ... Higher risk of fraud. Higher risk of ebay/paypal limitations, so it's more difficult to stealth with. Higher risk of returns if you can't troubleshoot problems.

I don't think anybody will tell you outright what to buy and sell as they would much rather have less competition but you need to study a category of item that you think you can buy low and sell for profit in. It also helps if you enjoy the products you sell, so it's something you use all the time anyway.

nickopedia 04-21-2019 06:14 AM

Re: Can you make decent money flipping items from thrift stores?
 
Like just about everything else in life, the higher the risk, higher return. Sure, you might get lucky and find low risk trinkets to sell with decent margins, but chances are you will not be the only one selling those items.

I'm fortunate to have access to suppliers you will NEVER find anywhere online, they are private sources, through word of mouth only. If you spend some real time researching markets, you will have an idea. Hint: Some wholesalers have access to items they NEVER have for sale. You have to ask!

nakamuru 05-10-2019 01:47 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by Math_Pro (Post 985926)
The goodwills near my location have pretty bad reviews saying that their prices match Walmart's. What do you guys do to obtain stock to sell on eBay? And how do I know it's worth buying and if it will sell?

I purchased an Alienware pc on craigslist which is going for 3000 plus 30 shipping on Costco for 1350 and haggled my way down as he needed money and he added 2 year warranty which was another 250 so total cost of pc was around 3300 (but more on warranty below.. scam) and I got it for 1350. Saw on ebay same specs people are paying around 2k for this and was gonna go that route but decided to keep it. Basically I'm saying yeah if you do research well and know your stuff you certainly can. You just gotta know the stuff and deal . Takes time but if I ended up selling this and profit around 700 then it was worth it.


Keep in mind though , this guy sold me a great laptop and ownership transfer but the 2 year warranty was taken out as he called dell and cancelled the 2 year warranty. I was pissed cause he scammed me. But still got a good deal . Craigslist is not very legit but if you know your stuff and research has it's purpose

chimera 05-11-2019 03:12 AM

Re: Can you make decent money flipping items from thrift stores?
 
Fantastic money to be had flipping items purchased from thrift stores. Search eBay completed listings on items to see what they sell for and how frequently they sell and make your buying choices with that info. If one thrift store is charging silly money go to another, they do vary. Plus remember they have half off days and other promotions.

Then there is yard sales as well. Craigslist, as someone has already mentioned. Lots of oppertunity.

rsot 05-11-2019 07:52 AM

Re: Can you make decent money flipping items from thrift stores?
 
As long as you are ready for legwork and research

Sunspot144 05-11-2019 11:55 AM

Re: Can you make decent money flipping items from thrift stores?
 
Too much work.

james_112233 05-11-2019 12:51 PM

Re: Can you make decent money flipping items from thrift stores?
 
Facebook marketplace is good as well. Picked up a few bargains there, just spoke to the seller and arranged UPS to collect and paid via paypal.

oompaloompa 05-12-2019 09:11 AM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by Pedroalva (Post 995992)
Got started with Poundland years ago
Got used to shop there and empty shelves around
now saturated

thrift stores, are stores that sell donated goods for charity. Not like poundland.

rsot 05-12-2019 10:19 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by oompaloompa (Post 1001821)
thrift stores, are stores that sell donated goods for charity. Not like poundland.

Poundland sounds like a fun spot though - the name...

hslvaala 05-23-2019 01:32 PM

Re: Can you make decent money flipping items from thrift stores?
 
Yeah, you can, but only few amounts of money

rsot 05-23-2019 08:08 PM

Re: Can you make decent money flipping items from thrift stores?
 
Quote:

Originally Posted by hslvaala (Post 1005177)
Yeah, you can, but only few amounts of money

Can be about volume though

GreenBean 05-24-2019 03:30 AM

Re: Can you make decent money flipping items from thrift stores?
 
Must do the legwork, the research and have Luck.

:juggle:

rsot 05-26-2019 08:50 AM

Re: Can you make decent money flipping items from thrift stores?
 

agent006140 06-30-2019 06:07 PM

Re: Can you make decent money flipping items from thrift stores?
 
START With something you like or familiar with,what do you like?
casino chips>
stamps,daggers,radios,dolls,fetish,Indian jewelry,Faberge eggs?are there trade shows near you ,there are different kind of trade shows-books,watches,jewelry,paintings etc,gifts are the most diverse.
is there a wholesale district in your city?
You speak Spanish,live closeto the border?
TAXCO,Mexico HAS A silver festival each year,2 hours busride from Mexico city


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