Read on Twitter
THREAD Things that people flip for profit- video games
- cameras
- clothing
- jewellery
- phones
- tools
- musical instruments
- books
- collectibles
- cars
- furniture
- houses
It's not about what you choose to sell - it's all about how you buy it.
Video Games: Pay attention to cultural capital.
Sorry, Puppy Sudoku is going to zero and there's nothing you can do about it.
Consoles mostly go to zero, with a few returning to fashion after a couple of decades out.
Sorry, Puppy Sudoku is going to zero and there's nothing you can do about it.
Consoles mostly go to zero, with a few returning to fashion after a couple of decades out.
Cameras: Know your specs. Know the condition of the individual item.
A camera is a specialist machine, exactly calibrated for its function
Age, abuse, moisture, mould, dust, temperature extremes.
All of these will affect value. Buy with care to ensure profit.
A camera is a specialist machine, exactly calibrated for its function
Age, abuse, moisture, mould, dust, temperature extremes.
All of these will affect value. Buy with care to ensure profit.
Clothing: I am not a woman, so I do not know how to buy or sell clothing lol.
I don't know. Make sure there are no holes in it?
It's not rocket science geez.
I don't know. Make sure there are no holes in it?
It's not rocket science geez.
Jewellery: Stay away from jewellery unless you are trained in valuation.
Retail prices for most jewellery are 10x second hand resale price.
If you want a sobering example, google second hand engagement rings.
Diamonds are worthless.
Retail prices for most jewellery are 10x second hand resale price.
If you want a sobering example, google second hand engagement rings.
Diamonds are worthless.
Phones: Pay attention to model and specifications.
Naturally, iPhones command the highest resale prices.
Don't buy the item - buy the seller.
Look for the seller who needs to sell fast and solve their problem quick.
Naturally, iPhones command the highest resale prices.
Don't buy the item - buy the seller.
Look for the seller who needs to sell fast and solve their problem quick.
Tools: High value density, BUT
tools live hard lives.
Some tools record their useage hours for maintenance purposes.
This could help you assess the market value.
tools live hard lives.
Some tools record their useage hours for maintenance purposes.
This could help you assess the market value.
Musical Instruments: Some instruments are more like computers
Some are more like furniture.
Musical instruments are devilishly fragile though.
Beware any physical wear - on musical instruments, any damage is big damage.
Some are more like furniture.
Musical instruments are devilishly fragile though.
Beware any physical wear - on musical instruments, any damage is big damage.
Books: Surprise surprise, most books are worthless.
Literally no resale value. You know what's expensive though?
Current academic texts. If it's still in use at universities, it's still got monetary value.
Use eBay or Biblio (handy ISBN search) for a look at the market price
Literally no resale value. You know what's expensive though?
Current academic texts. If it's still in use at universities, it's still got monetary value.
Use eBay or Biblio (handy ISBN search) for a look at the market price
Collectibles: The market is wide and deep.
Anything can be collectible - it all depends on the value the market ascribes to the item
Collectibles even blur the line between trading and investing.
Many collectors hold their collections purely for price appreciation.
Anything can be collectible - it all depends on the value the market ascribes to the item
Collectibles even blur the line between trading and investing.
Many collectors hold their collections purely for price appreciation.
Cars: Firstly, be aware of your local government laws.
Flipping cars may require you to hold some registrations.
I love cars and will make the move to trading cars for sure.
By trading you can both experience the cars you love AND profit.
Flipping cars may require you to hold some registrations.
I love cars and will make the move to trading cars for sure.
By trading you can both experience the cars you love AND profit.
Furniture: requires floor space in your home, a large vehicle for pick ups, and probably a buddy willing to carry the furniture with you.
Note though - you should only trade furniture if you LOVE moving house.
Because that is what you will be helping people do.
Note though - you should only trade furniture if you LOVE moving house.
Because that is what you will be helping people do.
Houses: Yes, you can flip houses. Sometimes renovation is the method.
Sometimes a sharp eyed buyer can exploit a seller's weaknesses in a difficult market for a good deal.
Be careful not to buy properties that are inhabited by the angry clown ghosts.
Twitter has enough already
Sometimes a sharp eyed buyer can exploit a seller's weaknesses in a difficult market for a good deal.
Be careful not to buy properties that are inhabited by the angry clown ghosts.
Twitter has enough already
I trade second hand goods for profit, and I've written 'Garbitrage' to show you how https://gum.co/Ibesd
When know how to trade, you can make $400 per week in 4 hours work.
What will you do with your new income stream?
Nothing, unless you get out there and earn it.
When know how to trade, you can make $400 per week in 4 hours work.
What will you do with your new income stream?
Nothing, unless you get out there and earn it.
If you enjoyed this thread, give me a high five by liking and retweeting on the original post https://twitter.com/GetPaidMore/status/1288110457501282305
