Flipping...

BoyceyLDN said:
No not burgers, I am wondering does anyone have a side project of flipping items / products (buy low, sell high) from Car boot sales, HUKD, Garage sales, even spotting items on ebay bidding and then flipping them for a profit etc?

I often see videos shared from GaryVee etc do the rounds on Facebook and wonder if anyone has any success stories or has any side projects as a bit of pocket money or even got to stage of doing it as almost a full time job? I know people do matched betting for a bit of extra change but wonder if anyone here does buying and selling, i could imagine there are some people who are good at keeping an eye out for vintage games or harware.

Would be intrested to hear any stories :cool:
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Worth a try, I know Gary Vee says you can make up to $100k a year which is probably a bit of an exaggeration, also we don't really do garage sales in the UK, you could probably make a £5-10K a year if you do it every week
 
There's plenty of videos on YouTube of people unboxing pallets of returned items from Amazon and the like which they then sell online or in junk shops.

I do wonder how much they make per hour, and whether or not they'd be better off actually flipping burgers in MacDonalds instead!
 
Used to do it when I was a teenager with phones / laptops / cameras etc, made enough cash to buy a decent car, insure it, pay for a few holidays etc. Not that hard if you know the market, but be prepared to deal with plenty of morons / weirdos / dodgy people / people who can't speak English.

If you're not a patient person, it's definitely not for you. It also helps if you have the skills to repair stuff as most of the stuff that you can find cheaply is cheap because there's something wrong with it.
 
wesimmo said:
There's plenty of videos on YouTube of people unboxing pallets of returned items from Amazon and the like which they then sell online or in junk shops.

I do wonder how much they make per hour, and whether or not they'd be better off actually flipping burgers in MacDonalds instead!
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There was a guy on here that claimed to be making a fortune from doing that. My memory of the posts though was him acting like Billy big ********, I seem to recall someone revealed his business address to be his mams house.
 
I think if you know your product and the market then you could probably make a bit buying bundle lots from car boot sales / facebook/ ebay etc as people generally don't want to spend time listing every item and will happily take say £10 when you could probably get 5 times that if you sold it all separately.

Would take a lot of time though and you need room to hold the stock as some of the items could take a while to sell. Plus added postage costs and the fact a couple of bad buyers could wipe out your profit margin makes it not all that tempting. :p

I have been surprised by what people will pay for stuff I would otherwise throwaway though so you never know.
 
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I've on and off done this on a number of things. I started it on watches, look for a bargain and then flip it or trade it up. Trouble is I ended up keeping them in the end :D Bought a seamaster for 900, sold it for 1500, bought a black bay for 1200, could easily sell it for 2.3k. Got an old tudor jumbo 38mm watch I got for about 450quid, and they're hard as hell to find now, but looking at c.2.5k for that now.
I also bought a Ridley TT road bike for 400CHF, sold it on for 2k.

Always on the look out for something :P Found I could pick up broken screened iPhone 4s (was some time ago) for nothing, but the resale price in Switzerland was pretty good. Was making about 100 on each set in the end. Got bored of the fiddly work mind.

We have a challenge in my house starting Jan 1st. Everyone in the house, inc kids, have 100 EURO to start, they have 1 yr to make that into as much as they can. However they try and do it, I don't mind, but any spends comes out of that fund, and all profit goes back in. Should be fun.
 
SixTwoSix said:
I had a good run for 18 months or so by doing 1 year subscriptions to Loot Crate, Nerd Block, Zbox, Geek Fuel and a few others. I'd get the box, split it and sell each item individually. I never lost money on a box although some came close to just covering costs. Conversely, I could sell some items from a £20 box for over £50.

For example, people were paying stupid money for limited edition Rick n Morty card packs, I did a few of those for over £50 each on a box that cost £15 with 5 more items left inside to sell.

Everyone is doing it now though so everyone undercuts so much there isn't a lot of profit. However if you've got a spare 3/4 hours a weekend to list and pack, it's some easy extra money.

I did this all via eBay by the way, sold over 700 items and only had 3 people claiming for non delivery.
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Do you pay tax on the profits?
 
BoyceyLDN said:
I often see videos shared from GaryVee etc do the rounds on Facebook
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Never have I seen someone talk so much without actually saying anything.

listening to him is almost like when you play that game on your phone, where you go to write a text message and just keep pressing on the middle word.
 
Colleague at work does it specific to certain items - lot of work for so-so returns from what he has said it is mostly so that he has a backup source of income and gets a bit of a buzz the odd time something pays off big.
 
Not sure if it counts but I bought and sold RC cars for a time. Mostly out of production cars purchased from yahoo auction through a proxy site. I'd ship them over in batches, take out the bits i wanted like rare motors and boxed items I wanted to keep. I'd clean them up and make repairs from spares I'd have of my own then sell them for a small profit. Not really to make money as such but it helped fund my racing and grow my collection. I still do a bit now but only when there is an obvious bargain to move on or a speculative purchase.
 
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