Whether you’re a college student, a stay-at-home mum or just someone who wants to earn some additional income, flipping items sold at garage sales can be a profitable side hustle. You just need to visit yard or garage sales, identify some products that might be more valuable than their sale price, purchase them and then resell them on different online platforms for a profit. Here are some tips that will help you to discover yard sale items worth money.
Pick A Specialty Niche
If you want to succeed in this business, then it’s highly advisable to specialize in a certain niche and understand how it works. For instance, if your specialty niche is video games, then you need to learn and understand everything about video games, including their price range as well as popularity.
As much as you can gather that information from a smartphone app, understanding your specialty niche will help you to save time and identify those items that you can flip for a profit.
But, as much as it’s advisable to operate within a certain niche, you also need to pay attention to sealed or new merchandise, even if they’re outside your niche. Cooking accessories, electronics and baby toys can earn you decent profits, especially if they’re in their original packaging.
Most of the decent items sold in yard sales tend to move quite fast. In fact, most are sold out by as early as 10 am. If you go past that time, then you may only get some junk items that will not fetch you any profits.
As you probably know, you’re not the only one in this business. If possible, you can link up with the sellers the night before the sale to see what items they have. But don’t get there too early or even the night before.
Wait until the official opening time of the yard sale and be there when they open their doors.
Choose Smaller Items
Shipping can take up a significant portion of your profits. Therefore, instead of buying large, bulky items, you should instead opt for smaller, compact ones. For instance, video games and DVDs can fit into an envelope, making them easy to ship.
However, if you come across a large item that can fetch you significant returns, you shouldn’t ignore it. But most importantly, its profit margins must be worth the effort that will be required to ship it.
You should also note that the majority of eBay sellers are now offering free shipping to their customers. Therefore, if you want to remain competitive, you should make sure your shipping costs are as low as possible.
Final Thoughts On Discovering Yard Sale Items Worth Money
Flipping yard sales items can be a decent and profitable side business. However, the market is more competitive than it used to be. But with the right strategy, you can easily find items that you can flip fast and earn decent returns.