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Top flipping strategies.
How to approach reselling and dominate.
// THREAD //
How to approach reselling and dominate.
// THREAD //
1. Quick Flip
This is a classic.
First to market items fit this agenda.
When the supply is lower than the demand, you can get a premium.
Take advantage of this to squeeze out profits.
Use that money to re-invest into other long term items
This is a classic.
First to market items fit this agenda.
When the supply is lower than the demand, you can get a premium.
Take advantage of this to squeeze out profits.
Use that money to re-invest into other long term items
2. Buy and hold
Self explanatory but payoffs can be MASSIVE.
When an item stops being manufactured or printed, the item price typically will go up.
This is because they are now scarce but still desirable.
Time period varies.
Self explanatory but payoffs can be MASSIVE.
When an item stops being manufactured or printed, the item price typically will go up.
This is because they are now scarce but still desirable.
Time period varies.
3. Bundling
Underrated.
People desire full sets of items.
You can sell the bundle at a premium because
- Harder to find all items in the set
- People don't want to have to look
- Buying all from one buyer
Leverage this.
Underrated.
People desire full sets of items.
You can sell the bundle at a premium because
- Harder to find all items in the set
- People don't want to have to look
- Buying all from one buyer
Leverage this.
4. Local
Local markets are huge.
This works for any item you would have sold online.
- No fees
- Cash is king
- Cashflow
- Repeat buyers
Create relationships and valued customers.
You are providing a service for your local community.
Local markets are huge.
This works for any item you would have sold online.
- No fees
- Cash is king
- Cashflow
- Repeat buyers
Create relationships and valued customers.
You are providing a service for your local community.
5. Clearance Items
Marked down items can sometimes be worth a lot.
Toys get marked down after Christmas.
Candy gets marked down after Halloween.
These are trends that can be taken advantage of.
Always check clearance.
Marked down items can sometimes be worth a lot.
Toys get marked down after Christmas.
Candy gets marked down after Halloween.
These are trends that can be taken advantage of.
Always check clearance.
6. Thrift Shops
Best things to find here are
- Vintage electronics
- Mugs
- Clothing/Shoes
These items tend to be cheap but worth it.
You may not always hit them but they are rewarding when you do.
Low cost, high ROI.
Best things to find here are
- Vintage electronics
- Mugs
- Clothing/Shoes
These items tend to be cheap but worth it.
You may not always hit them but they are rewarding when you do.
Low cost, high ROI.
7. Garage sales/Yard sales/Estate sales
90% of the time, the seller has no idea what the item is worth.
Doesn't hit often but when it does, it's typically huge ROI.
Requires more effort but this is like a treasure hunt.
90% of the time, the seller has no idea what the item is worth.
Doesn't hit often but when it does, it's typically huge ROI.
Requires more effort but this is like a treasure hunt.
8. Retail Arbitrage
Walmart and Targets are life hacks (U.S)
Other stores to consider:
- Ollies
- Kohls
- Meijer
- Walgreens
- Marshalls/Homegoods/ TJMaxx
Just to name a few.
There are opportunities everywhere in retail.
Walmart and Targets are life hacks (U.S)
Other stores to consider:
- Ollies
- Kohls
- Meijer
- Walgreens
- Marshalls/Homegoods/ TJMaxx
Just to name a few.
There are opportunities everywhere in retail.
9. Dropshipping
There are items that you can buy off Amazon and eBay that sell for more on the other platform.
Hard to believe, but it's true.
You are playing the volume game here.
Lower margins, higher volume.
Save on shipping costs.
There are items that you can buy off Amazon and eBay that sell for more on the other platform.
Hard to believe, but it's true.
You are playing the volume game here.
Lower margins, higher volume.
Save on shipping costs.
10. Online Arbitrage
Same as retail, but just online.
Harder to find deals since some are only offered in store but 100% possible.
Can still take advantage of retailers offers.
Need to be quick and on top of the sales.
Same as retail, but just online.
Harder to find deals since some are only offered in store but 100% possible.
Can still take advantage of retailers offers.
Need to be quick and on top of the sales.
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