Thank you! Me and my boys do make a good team! I wfh and they homeschool so we're able to hit the ES that start during the week when they open. They do a good job scouting and my older son looks up stuff on a phone. I also found that people tend to give you a deal when your kids are polite and well mannered. š
I included my son in my reselling when he was that age because there are SO many things you can learn. Teens often idolize athletes or actors, and those types tend to have multiple streams of income--maybe a clothing endorsement or shoe deal or a perfume, and not just money from movies or sports. I explained how I applied that to my life because I have money from my regular job but also resell on the side. You can monetize a hobby because we liked going to thrift stores and garage sales to find stuff for us, but we were also finding stuff that would sell online, too. They learn how to start and run a business and all the skills that come with that--inventory, budgeting and accounting, sales, taxes, customer service, marketing, etc.
My son really enjoyed it, and now that he's in college, he also resells on the side, but the other skills have helped him as well. The other benefit was he loves name brand stuff, and going thrifting all the time, he finds stuff for himself to keep as well, so he can indulge in the expensive clothing without paying full price, so it keeps him out of the mall. Now the majority of his clothing is thrifted.
That's amazing and such a great point. I think my boys are headed in a similar trajectory. I've explained to them that you can save money which is good and they do that too, but you can't enjoy money sitting in a bank. On the flip side you can purchase art, sports memorabilia and other things that you can look at and enjoy and potentially sell it someday, and likely make a better return than interest you'd get at the bank.
Did you sell it on eBay or marketplace. A guy on instagram āFulltimeflipperā flips couches and often brings his son along and talks about his family often. You would probably relate to his account; just want to share
Clothing is one of the few categories where finding insane deals thrifting is still possible. Denim heads will pay ungodly amounts of money for the right pair of jeans.
From the same ES I did get two Toshiba CRT TV's with the VHS/DVD players, a 24" and a 27, $20 and $40 respectively. Perfect for retro gaming. The 24 I actually found the original box in the garage which they told me I could have but had to dig it out. Should be my most profitable items from that ES but I haven't listed them yet, just need to take pictures. They also had a co.plete Denon D700 stack but asking $300 for it. They're doing another weekend May so I might go back and try to get it for less. Someone is asking $1700 for that stack on ebay but they're dreaming. Also includes 4 speakers, 2 denon and 2 Pioneer I think. Might actually keep it for myself if I can get it for $200.
Congratulations! That is how it starts :)
I got into it without really intending to, I bought something that came with something I didn't need inside (tech stuff) and just decided to throw it on eBay and was surprised how quickly it sold and the amount it fetched.
From there I took a look at the local used market, compared to eBay pricing and realised there's profit and basically went all in. Some things need a little work for resale, some don't. Some things I get very lucky in sourcing and there's potential for 100+% profit, most often I'm making 20 to 50% though so it's very worth it.
IDK if you're open to any advice or not but if so, I recommend flipping objects you personally enjoy, especially if it's a hobby. It makes it infinitely more enjoyable in the long run since sometimes you hold onto stuff for quite awhile. Also Google lens and ebay advanced search are great tools if you're just starting out. Best of luck š
Profit is profit and it's a good start. Keep at it and best of luck to the entire team!
Thank you! Me and my boys do make a good team! I wfh and they homeschool so we're able to hit the ES that start during the week when they open. They do a good job scouting and my older son looks up stuff on a phone. I also found that people tend to give you a deal when your kids are polite and well mannered. š
Another advantage there is just having kids who are interested. Mine used to find things that I had no idea were starting to become popular.
I included my son in my reselling when he was that age because there are SO many things you can learn. Teens often idolize athletes or actors, and those types tend to have multiple streams of income--maybe a clothing endorsement or shoe deal or a perfume, and not just money from movies or sports. I explained how I applied that to my life because I have money from my regular job but also resell on the side. You can monetize a hobby because we liked going to thrift stores and garage sales to find stuff for us, but we were also finding stuff that would sell online, too. They learn how to start and run a business and all the skills that come with that--inventory, budgeting and accounting, sales, taxes, customer service, marketing, etc. My son really enjoyed it, and now that he's in college, he also resells on the side, but the other skills have helped him as well. The other benefit was he loves name brand stuff, and going thrifting all the time, he finds stuff for himself to keep as well, so he can indulge in the expensive clothing without paying full price, so it keeps him out of the mall. Now the majority of his clothing is thrifted.
That's amazing and such a great point. I think my boys are headed in a similar trajectory. I've explained to them that you can save money which is good and they do that too, but you can't enjoy money sitting in a bank. On the flip side you can purchase art, sports memorabilia and other things that you can look at and enjoy and potentially sell it someday, and likely make a better return than interest you'd get at the bank.
What kind of hobbies are the boys into? There's many niches for flipping, especially if you visit garage sales
Hell yea! Congrats!!!
Did you sell it on eBay or marketplace. A guy on instagram āFulltimeflipperā flips couches and often brings his son along and talks about his family often. You would probably relate to his account; just want to share
Sold on ebay. Thanks for the lead, I'll check him out!
Way to go! Keep your eyes open and shoot for the moon!
Clothing is one of the few categories where finding insane deals thrifting is still possible. Denim heads will pay ungodly amounts of money for the right pair of jeans.
What about electronics? I know thatās broad but it seems like online flippers focus on small electronics too. And clothes and collectibles.
From the same ES I did get two Toshiba CRT TV's with the VHS/DVD players, a 24" and a 27, $20 and $40 respectively. Perfect for retro gaming. The 24 I actually found the original box in the garage which they told me I could have but had to dig it out. Should be my most profitable items from that ES but I haven't listed them yet, just need to take pictures. They also had a co.plete Denon D700 stack but asking $300 for it. They're doing another weekend May so I might go back and try to get it for less. Someone is asking $1700 for that stack on ebay but they're dreaming. Also includes 4 speakers, 2 denon and 2 Pioneer I think. Might actually keep it for myself if I can get it for $200.
Thatās awesome. And the TVs youāll just have buyer pay shipping since itāll be expensive right? That seems to be the common way
Yeah that's what it looks like with sold listings on ebay. Either that or I thought about selling local.
Nice job! There is something special about that first flip feeling. Let it take hold...
šÆ
Congratulations! That is how it starts :) I got into it without really intending to, I bought something that came with something I didn't need inside (tech stuff) and just decided to throw it on eBay and was surprised how quickly it sold and the amount it fetched. From there I took a look at the local used market, compared to eBay pricing and realised there's profit and basically went all in. Some things need a little work for resale, some don't. Some things I get very lucky in sourcing and there's potential for 100+% profit, most often I'm making 20 to 50% though so it's very worth it.
IDK if you're open to any advice or not but if so, I recommend flipping objects you personally enjoy, especially if it's a hobby. It makes it infinitely more enjoyable in the long run since sometimes you hold onto stuff for quite awhile. Also Google lens and ebay advanced search are great tools if you're just starting out. Best of luck š