Flipping is simple. Buy low, sell high. It is a very lucrative sideline, or even a full-time job, if you know how to do it right. I flip things for a living and people keep asking me how much one can make just flipping things.
I’ve made six figure sales in a year all from flipping. Here’s what I know…
The money you’ll make through flipping depends on three things:
How much risk you’re willing to take
Flipping implies that you have items to flip. Most of the time you’ll be flipping things you first have to buy—unless you have a whole acre full of things you own but don’t use.
There are ways to flip free things. While free things aren’t uncommon, you do have to spend time searching for them and the profits you make on them may not be as consistent or high. So it’s not the most reliable nor the best way to flip things if making good money is what you’re after from this business.
This means you need to have a pool of money you’re willing to risk. Flipping is not guaranteed. You don’t know when your item will be sold. Some items can go for months without getting a single inquiry from a prospect.
In my experience, the more items I flipped the more money I got. But this is only the prerequisite.
How good you are at spotting profitable deals
If you want to excel at flipping, spotting good deals is half the work.
Knowing what to buy is the first skill you’re gonna have to get good at. Try entering a thrift store and buy items randomly without thought, you’ll most likely lose money. Or try scrolling through FB Marketplace and do the same. I don’t think your wallet’s gonna be happy with that.
Spotting profitable deals is a skill. It is perhaps 20% of the work that does 80% of the results. I call this developing “the eye for the deal”, and you develop it with repetition and experience.
Your skill at marketing your item
Getting yourself a profitable item is like getting a fresh salmon for your hungry bear, you merely have to show it to him and he’ll run right at you.
The skill of marketing then, is honey. I don’t think I’ve ever seen a honey-coated salmon before, but I imagine it’ll drive bears crazy.
You have to know how to coat your item in a layer of honey. And in flipping, that means knowing how to make your item appealing through photos and words. Your items must be displayed as beautifully as possible, preferably without cost to you. And your words must, ideally, move and compel them to buy it.
It’s a skill worth learning if you want to get a lot of money through flipping. Remember:
Marketing is honey.
On The Subject Of Time
Time plays a role as well.
You’re probably working, attending school, or parenting so you don’t exactly have all the time in the world. It’s only natural. But the good news is, flipping isn’t a time-intensive job.
Doing ten to twenty hours a week of flipping, is generally enough to earn you a good side-income cash flow of anywhere from $500 to $3,000 per month or more. Time is not the most important factor. Yes it’s required, but the three things I mentioned earlier are the main factors that will drive your profits up.
The more you improve those factors, the more profit you’ll get. Time isn’t the best metric for measuring how much money you get. Although it is a good indicator for your efficiency. If the work you put in today is less than yesterday while getting the same amount of profit, then you’re a much better flipper.
When I started, it took me 2 to 3 months of half-assing a few hours a week to get to $500/month. Once I reached that threshold, I realized it could be done. I was motivated. It was a steady increase after that. Knowing what I know now, it’s ridiculously easy. In fact, I was never the same after that.
There’ve been tons of times when I earned over 1k with 45 mins of work. I’ve literally gone into a thrift store, spent 15 mins buying cheap things, then gone out knowing I’ve earned over $700.
I’ve never spent more than 20 hours a week doing the work. Actually, that’s a lie. There was one time I went totally crazy and might’ve hit 25 hours working: buying, storing, taking photos, writing ads, selling – the whole flipping thing. It was a mess, and I was a total flipping junky at that time.
Outside of that, I’ve made over 100k in a year just from flipping. And I rarely worked over 20 hours a week on flipping.
I know one guy who makes over $100,000 a year strictly selling things on eBay. He works in the comforts of his home only going out when he wants to and when he needs to receive or ship an item.
He’s been at it for years, of course. And he’s placed an effective system around his work so he is efficient, and I must say, it’s very impressive. It’s not easy to reach that goal. But it is possible.
All in all, when it comes to making money flipping things, it’s a simple business model that is profitable and anyone can do. It’s not rocket science, and don’t let anybody tell you it is. You can go from “I’ve never flipped a thing in my life” to “holy shit I just made $500” in a week.
It’s not a get-rich-quick scheme by any means, and it does take work and energy, just as anything worthwhile does. But once you make a decision and say “I’m gonna give this flipping thing a shot”, your income may change very quickly.
If you’re interested in learning the nuances and principles that can quickly get you there vs spending months or years going at it alone, I have a course that’ll guide you to that goal and quickly get you up to speed, so that you can go out and become a world-class, money-making, Flipping Ninja. My goal when creating the course was to make people money, simple as that. So if this is something you’re interested in, make sure to check it out now while there’s a special promotion going on.