9 Easy Thrifting Flips Turned $78.64 Spend Into $692.50 - Buy Low/Sell High
Thrifting comes pretty naturally to me. With many people frustrated with their finances, it's a no-brainer to generate some supplemental income if you have stores nearby.
I don't thrift much these days in lieu of recycling for profit for a greater cause, but here are a few snipes I found after putting a little time into it recently.
To be practical, most stores are full of junk or overpriced goods. My goal is to walk in and efficiently scan the store for their mistakes. My skill is in finding these things when most assume there's nothing good there. I also know how to spot resellers, so I make sure I cut them off/get ahead of them in their store circuit as much as possible.
The best situation is to find a pricing mistake where there is high volume. For example, if a store has 10 packages of new valid printer ink at $2, but they sell for $50, that's the scenario I'm usually hoping for. Otherwise, I'm looking for one-offs, which are easy for me to spot, but harder for others.
$78.64 spent to generate $692.50 in revenue for an 8.8x return before fees and shipping:
Sealed new Lego set bought for $3.26, sold for $62.
Vintage drum machine bought for $20, sold for $123.50.
Sealed new printer bought for $27, sold for $140.
Sennheiser audio receiver bought for $2.17, sold untested for parts/repair for $102. (Worth $200-225 if I had the transmitter to test it with or if I was looser with my seller standards.)
Tennis racquet bought for $5, sold for $78.
Inline skate rails bought for $3.26, sold for $40. I bought 11 of these in black and white color options, with just a few left.
Friendship touch-light bought for $11, sold for $75. Was the last of 13 of these, where I bought most for $5.44 and sold many around $85.
New baseball bobblehead bought for $4.34, sold for $34.
New Sony PS3 controller bought for $2.61, sold for $38.
Effort = Results.
Let me know if you have any questions or would like advice.
man I don't even think you'll need Crypto for your financial freedom! :O
I live in an expensive city, so this income goes to my expenses. My crypto is definitely tied to that freedom.
yes sir! freedom is what we wake up for everyday! <3
Almost there!
Yeah, the main thrift stores are pricing stuff so high now. I hardly go to them, but there can be a treasure every once in a while. I walk out empty-handed so much more than I did a few years back.
Same here, but if I go to enough stores in a day, I'll usually find enough to make the trip worth it. If not, I hit the curbs with twice as much fire, and then usually it all works out. You still miss 100% of the shots you don't take, so don't count out the thrift stores since your eye is lethal for sniping.
I remain amazed by these 'quick and easy' flips :D
Come to the western-world-side and help me out!!
Hi friend @steemmatt.
I congratulate you, you are extremely skilled and you have an eagle sight to hunt these special offers.
I wonder if you have that same ability to invest in crypto assets. If so, you should do very well with this.
Will you have any cryptographic advice that you could share with us?
All best, Piotr.
Thank you. I believe that I do, but I've been stuck in a hold mindset for years, and simply tack on to some holdings here and there, comfortable with my initial outlay. As informal thoughts, I generally like to follow the money and volume where I keep my core holdings. Supply and demand is key (inflationary vs deflationary). Too many signs point to Bitcoin and Ethereum (ETH to a lesser degree) at this time, so I feel it's gambling much more to be investing heavily in other tokens that aren't getting as much traction. I have a few alt coins that I treat as pure lottery tickets. I've also earned all my Steem since I haven't felt confident in investing here quite yet. The sell pressure, user greed, and declining user base have been a consistent concern for me. In hindsight, it's been a wise move as price divergence has played out where prior diversification would've been rather costly. Let's all hope Steem can turn things around with a game-changer, but "hope is not a strategy."
Dear @steemmatt
Thank you for your kind comment.
Would you perhaps consider using "enter" from time to time? To separate blocks of texts? It would make it much easier to read.
Yours
Piotr
Only if you consider using commas after your intro and signature. ;)
Lol :) good one @steemmatt :)
@steemmatt, Some people have very unique perspective to find the profit aspect. Good wishes from my side and keep up.
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I have been SUPER inspired by your flipping. Although I dont have time to go to shops per se, even Fuckbook Marketplace is good is you are quick and find something someone doesnt really know the value of.
Posted using Partiko Android
I've never used FB marketplace. I don't want my friends knowing the oddities I sell. However, you raise a good point about using it as a means to source! Hmmm... I may have been missing a nice channel all of this time.
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