have you been looking for ways to make money on the side while keeping your regular job or are
you looking for one of the best ways to make money from home if you're looking for a side
hustle or for a profitable work from home business that you can start with little money then you may
consider buying and selling things as a way to go it's called flipping and almost anyone can do it
you do not need much startup capital and you do not require extensive training to start
you can start with no money in your hands if you love searching for deals and having fun doing that
then flipping items for profit is for you flipping is the process of fighting items that
are of little or no value to the current owners and getting them sold to individuals who need
them in other words a flipper is a person that purchases an item at a lower price from one market
and sells at a higher price in another market to get a clearer picture of how flipping works
the story about this happily married couple could help jack and mary have been together for 10 years
jack worked as a vehicle inspector while mary worked as a choreographer now if you're
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good now let's get back to our story jack had been buying and selling items as a side hustle before
he met mary he continued with his trade after they both got married from the profits he made
jack could afford extra comfort for his family such as paying for fun vacations and keeping
clean credit records mary took no interest in her husband's side business until she had her baby
the agency she worked for would not grant her a paid maternity leave
after weeks of not getting paid the couple began to feel the impact of mary's paychecks not coming
so the new mom decided to try out some of the things she saw her husband do she quickly gathered
some of the idol items in their home she took pictures and listed them for sale on some online
marketplaces it began as a joke to her before long the listed items started selling off and mary saw
money rolling in when she couldn't find any more idol items from their home she began to accompany
her husband to the flea market and yard sales to source goods from making a few hundred bucks
in her first month she quickly started making several thousands of dollars in profit monthly
needless to say mary never went back to her job as a choreographer today the couple buys and sells
things as a full-time job and they're living the life of their dreams here are some benefits of
buying and selling items the entry level is low to build a startup business in any niche you may
need to follow some processes this may include registering your business name renting an office
space and hiring some individuals that would assist you all of this requires a lot of money
time and effort you may need some tens of thousands of dollars as a startup investment
but you can start flipping items for a profit with as little as 10 to 50 dollars you also do not need
to spend a long time in planning and execution as is the case with other businesses flipping
is something you can start doing today if you want to it can be done while you keep your regular job
you do not need all the time in the world to succeed in this business of buying and selling
all you need for a startup is about 15 to 20 hours of work in a week this minimal time investment is
enough for you to make a couple of hundred of dollars while you gain more exposure in
your new trade it has the potential of becoming a full-time job as your abilities increase you may
start making enough money that could replace your current salary then you may consider putting more
time into it just like in the case of jack and mary we saw earlier flipping could become your
full-time job what's more you become your own boss and are in full control of your own time
it brings extra income if you're currently living paycheck to paycheck you may find that it's a
struggle to meet up with your bills you may be finding it difficult to pay your credit card
debts in your mortgage you may even not have extra money to explore some of your fantasies
but an extra income from flipping could give you the needed dollars to live to your dreams
and stay debt-free it is a win-win for everyone to find an item that you could sell means someone
somewhere wants to clear their home from excess baggage they may sell to you at a
low price the end of the day they're happy to get some money from a product they don't need
then when you sell to an individual who needs this item they're happy to get what they're looking for
on your part you're happy to deliver value but also for the good profit you've made from
a little effort simple steps to become a flipper one start from your home and neighborhood look
around your home go from one room to the other and then to every corner of your home
if you have a large home or maybe you got a huge stack of items start from one section at a time
you may arrange all the items you could find into three categories the first category should be the
items that are still useful to you these are items that you would want to keep the second set should
be items that may not be useful either for you or for anyone else this second category of items
should be trashed then the third category is where you'd place all the items that you no longer need
but could be useful for someone else these are the items you should clean up and prepare for the
market rearrange your home and put back the first set of items to their right positions while you
trash the second set of items the third category is what you're looking for and you now have them
besides your home you may look around your neighborhood if you have cooperative neighbors
politely ask them for the items in their homes that they no longer need you may be surprised
to see how they'll gladly hand these items to you two research even though the items are yours you
may not know how valuable or how relevant they could be to those that need them you can do a
little research on the internet to find out how much value is placed on similar or related items
armed with the information you've got you'll know the estimated price at which you could sell your
products even though you're still at a beginner's stage you wouldn't want to shortchange yourself
three take photographs you should take photographs of all the items you're going to put up for sale
you do not need a high-tech camera to do this all you need is your smartphone
place the items one after the other on a spot in your home with a clean background capture each
item from different corners such as front view rear view side view you may take several shots at
a time and then you can select the best captures afterward make sure there's good lighting in the
room you may need to use some common photo editing apps to make the photos look brighter most of
these apps are downloadable online and are easy to use but this is not entirely necessary four list
your products for sale now that you have your photos it's time to list your products for sale
register and create an account with an online marketplace such as one ebay two facebook
marketplace three craigslist four poshmark five offer up the registration on most of
these platforms is free but you may need to pay a commission with each sale you make on some of them
for instance ebay takes a 10 commission from each sale you should also determine the payment
platform you'll be using to receive payments most online marketplaces accept paypal as a payment
channel if you'll be using paypal to receive money you may need to know that paypal takes
three percent from every successful transaction so you should factor those extra costs onto your
price tag let's say you intend to list a product at eighty dollars on ebay when you consider the
ten percent that ebay will take and the three percent paypal will deduct it'll be safe to
list the item for a hundred dollars i hope this makes sense good you may now upload the images
you took of the products make sure each image matches the listing you're creating for them
cross-check your spellings and the figures see if they match the exact descriptions you intended
don't be like mr jones mr jones was listing a product that he intended to sell for a thousand
dollars but he omitted one zero so what the buyer on the end saw was a hundred dollars instead of a
thousand dollars this was an item jones bought at the cost of two hundred and fifty dollars
you could imagine how frustrated he was when he found out his mistake five packaging and
shipping your products check the size and the weight of each item before listing them for sale
record the measurement of the sides of the material you'll be using for the packaging
the shipping company will charge you according to these figures there are two ways you could charge
your buyer for the shipping one list the shipping cost side by side with the price for the item
let's say you're listing a vintage radio receiver the price is 200 and the shipping cost is 20 list
both prices separately so that your buyer will know they're paying for the two different charges
two include the shipping cost and the overall price you'll be listing your item for
then list the shipping cost is free using our previous example let's pretend you are listing
the vintage radio receiver instead of listing 200 for the item and 20 for the shipment separately
you may want to list the item for 220 and then label the shipment as free this idea is
a marketing strategy that works all the time on the psychology of buyers don't we all like free
services package your items with materials that would not be too big for them or too small if the
container is too big it may cause a shaking during shipment which could cause damage to the product
also if the casing is too tight it could cause some scratches on the product surface your
goals should be to keep everything as clean as possible six scale your business now that you've
tested your skills in buying and selling things you would have learned how cool it is to make
money from this business it's time to scale your merchandise you can check out other supply sources
you may want to look beyond your home or those of your neighbors to source for the goods you'll sell
it's time to go treasure hunting look for items that are underpriced at places like one
yard sales two the flea market three auctions four estate sales five thrift stores six the junkyard
here are some items you can easily flip for profit one furniture two records and record players
three antiques four used appliances five vintage electronics six clothes
seven shoes eight cufflinks nine vintage eyeglasses ten sports memorabilia 11
collected toys 12 bicycles 13. strollers well folks thank you so much for watching
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