F & F - (Fix And Flip)

Easiest Things to Flip for Profit

Have you been hearing the term “flipping” more and more? Flipping items for profit is easily becoming one of the most popular ways to earn money on the side. There’s plenty of opportunities to sell or flip items for profit and just about anyone can do. This fun hobby can turn into a full-time income stream.
Now I'll cover :
• What it means to flip items
• Where to find items to flip
• Easiest things to flip
• How to flip items for profit
Flipping is completely legal! Consider the concept of retail arbitrage – which is purchasing products from a retailer at a lower price and reselling them for profit. If done right, buyers-turned-merchants can sell the products at a much higher price.Oftentimes, items can be found on the curb, at garage sales, flea markets, thrift stores.
Fun fact: You don’t need any money to begin flipping items.
Instead, start with what you already have collecting dust in your own closet, attic, and garage. You can even reach out to friends and family to see if they have any stuff they no longer want. You’d be surprised how many people will offload their “junk” at no cost just to get rid of it.
By the way, you can also buy items to flip in bulk. You can also consider buying in bulk rather than seeking out single items to flip. This method will give you more inventory to work with at once, plus buying in bulk saves you time and money. Retailers will often offload their overstock, customer returns, damaged, and liquidation inventory by the pallet. These are deeply discounted and available for business buyers on their official liquidation marketplaces.
The basics are: you buy something and you sell it at a higher price. That’s it.

There are three main questions you want to ask yourself before you start flipping:
1. How much money and time do you have to invest in this?
2. Will you source a lot of inventory at once?
3. Where will you resell them after?
There are definitely certain categories that do better flipping than others. For example, grocery and cosmetics probably aren’t where you want to start. These come with ‘sell by’ dates .Something simple, like a collection of books, might be lower risk and easier to find.
There are a couple of categories that make you the big bucks. Here are they:
*Items taking up lots of space – the bigger the item, the fewer people want to flip it. That makes people often want to get rid of large items at low prices. Big items aren’t the easiest to flip for profit, but once you have them people are willing to pay money for it.
*Items that need repair – people nowadays rather throw or give away something than repair it. If you’re a little handy and you can do minor repairs on appliances, you can flip those items for a profit later.
Examples :
Old clothes
Sneakers
Jewelry
Wedding dress
Baby items
Home decor items
Old books
Board games
Toys
Old electronics
Bicycles
Musical instruments
Furniture - is one of the most popular items you can flip right now. Old, antique pieces are being cleaned up and polished or just reimagined into something more modern – so if you’re the crafty type, you should go for it! Have fun with replacing the hardware, staining wood, or painting furniture a completely different color.
Tools like hand drills, chainsaws, handheld grinders, and yard equipment can cost a pretty penny regardless if it was only used a handful of times. They could’ve been discarded to free up space or because they have dead batteries, purchased an upgrade, or were only needed for a specific project! And when you consider most home & garden inventory, which power tools fall under, you always have steady demand and high returns. If you can make simple repairs, even better.


How to flip items for profit
Once you’ve found items to flip, you will want to follow these steps before selling. This list isn’t all-inclusive, but a good place to start!
Clean it up
You should wipe screens of dust or fingerprints, get rid of any scuff marks on items, or get some stain remover and scrub it down. These small steps to make items you’re flipping as appealing as possible!
Restore to factory settings
For consumer electronics and mobile especially, data wiping is important. If you find smartphones, computers, tablets, or any electronic device that has had a previous owner, it’s usually a good rule of thumb to data wipe it and restore it to factory settings.
Do simple repairs
There are simple repairs and then there are more specialized repairs. but when it comes to technical repairs like a cracked screen, scratches, or broken charging ports you may want to pay to have a professional look at it. For apparel, you can also get professional repairs done for things like broken zippers, sole repairs, stain removal, and more.
See what the current going rate is
Is this a rare and collectible item? How old is that model? Is there a new style on the way? You want to see what the current going rates are for items you want to flip. That way you can calculate if it will be worth the effort of cleaning it up, listing, shipping, and overall time and energy.
Sell, sell, sell!
It’s time to list the items you’re trying to flip. Remember, different categories do better on different sites. Generally, Facebook Marketplace is great for selling things locally – like a couch .You want to offer a good deal while still keeping your profit margins in mind. It’s okay to start small and experiment with less valuable items just to get the hang of things.