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Flippers turn hobby into 6-figure income - learn their secrets (save $100)
Looking to make money on the side? Are you retired and looking to start a new stream of income? Want a job that allows you to work from home? If you said yes to any of these, “flipping” might be right up your alley.
In short, flipping refers to finding used items at places like thrift stores, garage sales and flea markets, and selling them for profit. Tap or click here to find out what item categories sell best on eBay.
It may not sound like the most lucrative job, but believe it or not, one couple has turned their “flipping” activities into an honest-to-goodness six-figure income. How did they do it? Well, they’re teaching their secrets to success through a series of online flipping courses. Here’s how you can get involved.
Flea-market flipping changed this couple’s life
Rob Stephenson has been flipping used items since the age of 16, but it’s only recently that he decided to take his hobby to professional heights. After years of browsing garage sales and flea markets for goods to sell, he and his wife Melissa got the idea to invest in flipping full-time after discovering the hobby could pay for vacations, meals and more.
Now that the couple has been flipping in earnest for four years now, the results have been nothing short of staggering. In the first year alone, the Stephenson’s netted $133,000 in sales, and have continued to amass six-figure incomes just from hunting for items and selling online.
How have they been so successful? The answer lies in their strategy of buying higher-priced used-items items that are difficult to sell in-person and selling them for no less than 10 times the amount, or alternatively, a profit of at least $300 minimum.
Over the years, the Stephensons have flipped a range of consumer goods that run the gamut from exercise equipment to industrial machinery. They’ve even managed to flip obscure items you wouldn’t expect to sell, such as a vintage prosthetic leg — which fetched a final sale price of $999. And get this: He only bought it for $30!
How can I get started flipping?
The Stephensons note that flipping items isn’t something that everyone will be good at right off the bat. They advise newcomers to start small to get the hang of things, and then branch out as they become acclimated.
Rob recommends new flippers start with items they’re familiar with, and to not spend more than $30 upfront. The next step is to look on eBay and check out the going rate for the item in question (or similar ones). Even if you don’t immediately make the insane returns the Stephensons do, any profit is a solid start to building your technique.
This advice, along with much, much more for enterprising flippers, is available as part of the Stephensons’ Flipper University.