It’s 2022 guys and a lot of us are looking for ways to earn extra cash and that’s just awesome. There are a lot of ways out there to make money, but one fun and rewarding way that people tend to overlook is thrift store flipping. Most of us go to thrift shops to get our clothes because it’s quite cheap and affordable. Many people buy some of their clothes and household items at thrift stores because it helps you get some nice clothes at cheap prices and save some money. Clothes found at thrift shops are nice and in good condition. Sometimes, you will even find new items.
What is a Thrift Store?
If you’re not familiar with what a thrift store is allow me to help. A thrift store is usually a donation-based store, where clothes and other items that are donated by non-profit organizations or people, are sold for a way lesser price than they were originally bought. Sometimes these items are not of the best quality because they are second-hand but you can get clothes of great quality at thrifts for really affordable prices.
What is Thrifting or Thrift Store Flipping?
Now you may be wondering how you can make money from getting things at a thrift store. You’ve probably heard of people making hundreds of dollars and even thousands of dollars from thrifting and you’ve always wanted that but you just didn’t know-how. It’s pretty simple. We do it using a method known as thrift store flipping.
Thrift store flipping is the act of getting an item at a low price from thrift stores and then reselling them to make a profit.
In this post, I will be talking about how exactly you can make money from flipping your finds at the thrift store.
Thrift store flipping can be a delicate process that can be successful or unsuccessful based on how you handle the business. So here are a few simples steps to follow when thrifting.
Steps to Thrifting
Find the Item
The first step to making an income from thrifting is to find the right item to flip. You most definitely need to know where to find these items.
- Start at Home
I always tell people that the first place to look when trying things to resell is your home. Before you go out to thrift stores to purchase items, it’s best to start with your stuff. Your home is the number one place for thrift materials. From used clothes to old shoes and even household items.
You can gather these items and sell them to others for cash. It gives you an experience in sales and allows you to make some money that can be used to purchase items for thrift flipping. This way you can make some extra start-up cash to help in case you’re not able to sell the items you purchase. Also, you won’t be losing money. Once you have mastered the art of selling your items you can move on to purchasing and flipping thrift store items.
- Traditional Thrift Stores
Another place to things to resell is traditional thrift stores. Examples of some traditional thrift stores include Goodwill, Savers, and the Salvation Army. Sometimes people are worried about getting clothes at Goodwill or the Salvation Army because they might be in bad condition, but this is not true in most cases. The clothes at traditional thrift stores are usually in good condition but it might take some time to get exactly what you’re searching for. You might have to spend a lot of time digging through the bins and loads of items but it might be worth it as they’re way cheaper than normal thrift stores and are even sometimes free. It could be a great way to save some money and make some profits by flipping thrift store items.
- Independent Thrift Stores
Another Place to get items to flip is normal independent thrift stores. These thrift stores are usually owned by private individuals and they sell these items at lesser prices than they were originally bought. You could find some nice items to flip here and they are usually in great condition.
- Yard or Estate Sale
A yard or estate sale is another nice place to get things to resell. You can get some great stuff from yard sales and estate sales and the items are cheaper than thrift stores and prices can also be negotiated. Although estate sale prices are sometimes a little on the high side, it’s worth the try.
- Discount Stores
You could also find some great items at discount retail stores like Ross or HomeGoods. It’s sometimes a little difficult to get stuff at discount retail stores but if you do get them they’re cheaper and in better conditions than thrift stores. Sometimes you might be lucky to get some items cheap and resell them at high prices.
- The Internet
Another place you can get thrift items to flip is the internet. The internet is one big marketplace and a lot of people online are looking to sell off an item and you can get them at really cheap prices.
A nice place to start would be Facebook groups and Instagram pages. Some Facebook groups are dedicated to selling and buying stuff. The Facebook Marketplace is also a great place to start. It’s just like a yard sale. There are also websites like Nextdoor or eBay where you can buy things at really cheap prices.
Knowing What to Buy to Resell
Once you’ve successfully found your source for items, the next step is knowing exactly what to buy, so you can easily resell them for profits. Whatever you do decide to get must have a high demand in the market and a good resell value.
- Clothes and Shoes
The first things on that list of things to resell are clothes and shoes. Clothes and shoes are the first choices to go for when finding items to flip. They are usually in high demand and are very easy to resell. Make sure to look for clothes owned by the top or popular brands and are in good condition. Those are easier to resell at higher prices. Also, make sure to check online for the prices for which most of the items are sold to help you make a better choice of what to buy at the thrift.
Some top brands that resell quickly for high prices are, Lululemon, Reformation, Mother Jeans, Farm Rio, Betabrand, and Gucci. If you can get your hands on some of these brands, you could make some good money.
- Home goods and Kitchenware
Another set of items on the list is home goods and kitchenware. You could also make some profits from reselling household items for aesthetics like painting, photographs, and vases. You could also make some money from kitchenware like plates, vintage cups, and even decorations. Be sure to look out for vintage Pyrex as people will pay a lot of money for these items.
- Vintage Toys and Games
Another item to look out for is vintage toys and games.
At some point in your life, I’m sure you’ve bought a toy from a yard sale that reminded you of your childhood. People tend to pay a lot for vintage toys and games that remind them of something or just for their collection. This is why these items are great to get and flip. These items include vintage dolls, model cars, trains, and board games.
You could also make some money from flipping electronic items like TV remotes or VCRs, cell phones, and calculators. There are so many items you can make money from just by reselling them like books, textbooks, records, and sports equipment. You just have to do some research.
Related Reading: Best Brands to Sell on Poshmark
Knowing How and Where to Resell the Items
I believe this is the part where we make our profits by reselling the items. It is a very important part of thrift store flipping, as without making sales you can’t make money. Once you’ve succeeded in selling the item you must proceed to getting them sold and knowing how and where to sell these items will help you make money faster.
One of the easiest places to resell these items is on online marketing platforms. These platforms include Facebook Marketplace, eBay, Mercari, Instagram, OfferUp, and even your own personally built website.
Online markets are the best to resell these items especially since it might cost a lot to own a physical shop.
Some Tips to Help you Flip Thrift Store Items Properly and Sell
- When setting up a price for the item, leave room for negotiation, so interested buyers can negotiate with you.
- Make sure to clean your items properly before reselling them to avoid stains and smells.
- Always pay attention to the shipping and packaging details. Do the research to avoid mistakes and to use the option that’s favorable to you.
Thrift store flipping is a nice way of making some money, but it doesn’t work like magic. It takes some time to get used to the system; you need a lot of pertinence and persistence. You must be open to mistakes and willing to learn.