Making MoneySelling Online

How To Make Money Reselling

There are so many ways to make money on the resale market today that don’t necessarily need you to be a reselling pro or guru. All you have to do is have the items your customers are looking for, and you’re halfway to making some decent profit.

The resale market today carries various items including thrift clothing, antique items, limited collections, second-hand designer clothes and so much more. You’re probably thinking, “Just how do you make money reselling?”

This article will equip you with the tips you need to learn how to make money reselling so you can start your very own successful reselling business. Ready?

Let’s get right into it!

Reselling Shoes

How to Make Money Reselling: Tips for Getting Started

There’s almost always something for resale. All you need to do is find something you’d like to sell and find someone willing to buy it for a little extra money (your selling price).

Reselling is simply to sell something again. To do this, you buy goods and sell them again at an increased price through online marketplaces like Facebook Marketplace, eBay, Shopify, etc., or even at garage sales or yard sales.

You can also resell items you have which you no longer have an interest in because one man’s trash is another person’s treasure. You can sell right out of your own closet! That vintage clothing or brand-name clothing that you no longer really like can be exactly what someone needs.

Other items like vintage furniture, board games, used cars are all inventory in high demand for purchase.

Reselling Online

Identify what you’re selling and where to source these items

Before you sign up on any selling platform, you first need to identify your preferred sell items so that your side hustle will not only be what you love to do but will also be a definite way for you to make as much money as you need.

You can find some of the best items for reselling at flea markets, thrift stores like Goodwill, an online platform like Craigslist or Nordstrom, yard sales, Facebook groups, etc. If you’re only looking to make some fast cash, sourcing sell items from your own wardrobe can also work. 

Once you’ve identified the best marketplace for your purchase, the next step on the list is identifying where you’d like to sell the items.

Find the best selling platform for your items

When reselling items, the platform you choose to sell things can affect your sales. Top sellers know that you need to be on the right selling platform to find the right buyer. For instance, to sell designer handbags, TheRealReal website or Etsy should be two of your top choices.

If you’re reselling or flipping furniture that you got off Craigslist, a great place to quickly sell them off would be a store that sells antiques.

Research the selected platforms for accuracy

Many sellers dive into selling without conducting enough research on the platform and how well the items sell out.

It’s best to sign up on the apps or websites you choose. Most of the platforms provide a free app for users to ease the sign-up process, so sign up there and follow the top sellers to find out what popular brands sell out quickly and learn other tricks of the side hustle.

To be a high-end reseller, you need to have adequate spare time to focus on your own business, so that you can make it a proper side hustle with which you can earn extra cash and boost your personal finance.

Sell something you’re comfortable with

If you’re new to the reselling business, it’s always a good idea to go for something you’re comfortable selling.

If you love sneakers and your sneaker game is always spot on, then you can choose to be a sneaker reseller. If you have limited-edition sneakers or designer shoes, you can kick off your sneaker business and start making money from selling sneakers or flipping sneakers.

You could also go for items that have a very high profit margin and teach yourself how to make the most of it. Finding out the best flea market that would give the best prices can help you save money a great deal so that you can buy more inventory and make quick cash even from a one-time purchase.

Best Items to Buy and Sell: Flipping

In the business of flipping items, you may need to get the items back in the best shape before you can put them on the resale market for flipping. For instance, you may need to give some furniture some extra coating of paint/polish or stitch some clothes up neatly to get them into a wearable state. Some items may not even need any rework and you can start making your money right away.

If you’re wondering what the best high-demand flipping items on the resale market are, here are ten of the best ones to start your side hustle.

Antiques

If you intend to flip antiques for profit, then you must be ready to conduct a lot of research about the items. Antiques can be very valuable if you find out more about the origin and are able to find out its specific worth.

10 Best Flipping Items To Buy and Sell-Antiques

Many sellers don’t usually know the true value of their antiques and may cheat themselves when they fix a selling price. Work out the origin of the antique by looking out for things like stamps, markings or hallmarks on the items. Estate sales are some of the best places to search for antiques and eBay is one of the best places to sell them off.

Furniture

Finding cheap and resellable furniture is not so difficult. You may even find some items for free or at a very discounted price. You can increase the value and usefulness of the item by giving it a facelift. Refurbish it and extend its longevity so that buyers can see some serious value in it as they plan to buy.

Best Flipping Items To Buy and Sell-Furniture

Used cars

This is another great flipping item that can fetch you some nice profit. Cars cost a lot normally, so your profit margin could be quite high. If you’re thinking about flipping cars for sale, then used car auctions should be your beloved hangout spot.

They are a treasure house for finding good deals, you may even find a highly sought-after priceless classic car.

Best Flipping Items To Buy and Sell-Used Car

Sneakers

Reselling sneakers can fetch you a handsome price. You’ll find more tips about sneaker reselling later in the article. Designer sneakers are some of the most popular flipping products and you can sell them off quickly anywhere, even Facebook Marketplace. Use the high demand to your advantage and rake in tons of money.

Best Flipping Items To Buy and Sell-Sneakers

Designer Fashion Items

Just like fashionable sneakers, flipping designer fashion items can get you well on your way to earning six figures before you know it. However, you need consistency to get you there. For this, you don’t need a huge upfront investment to get the business going.

Few dollars will get you the best items in thrift stores or yard sales. Look out for vintage pieces that will fetch you a higher bargain and sell them off on eBay at the right amount to make your money back.

Best Flipping Items To Buy and Sell-Designer fashion items

Books

These never go out of demand and they’re also some of the easiest and cheapest items to flip. Have you got a huge library and wish to flip some books from it? Textbooks, nonfiction, guidebooks, music books, arts, and craft books, are some of the bestsellers. You can find out how much a book is worth via Bookscouter to give you a good idea of how much you can sell the book for or if it’s worth the purchase.

Best Flipping Items To Buy and Sell-Books

Garden Items

Many people throw out their garden tools, furniture, and accessories because they feel it’s no longer useful. But their trash can become your treasure after you revamp it and give it a good look. Winter is a great time for buying these items cheap and summer is a high-demand time to flip them for quick cash.

Best Flipping Items To Buy and Sell-Garden items

Appliances

Appliances are constantly selling items for flipping. Yard sales, house clearances, etc., are some of the best places to find useful appliances that you can resell quickly. You can add more value to your item if you offer to have it delivered to the buyer.

Best Flipping Items To Buy and Sell-Appliance

Exercise Equipment

People always need sports or exercise equipment, and the cheaper it is for them, the faster they would snatch it up. Since you’d get it at a lesser price than a new one, you would sell them off quickly. Clean it up nicely, and put it up for sale.

Best Flipping Items To Buy and Sell-Exercise equipment

Wedding Dresses

These are some of the most expensive clothes but they are also very in demand and can sell for up to 50% of the initial price. If you want to flip wedding dresses, then a good idea would be to buy slightly larger designer dresses, so that the buyer would have some room to get some fitting done.

Best Flipping Items To Buy and Sell-Wedding Dresses

How To Start Reselling Shoes

You can get started reselling shoes by following these tips:

  • Purchase brand/designer shoes as soon as they are released directly from the retailers or manufacturers.
  • Some of the best retailer stores to search include Adidas, Adidas Confirmed, or SNKRS. The best Aftermarket stores to search include Goat, SneakerCon, and eBay.
  • Build your inventory by buying from these stores. Goat store is one of the best for buying and reselling sneakers.
  • Almost new or carefully worn shoes can be sold at thrift stores.
  • Sell the sneakers that have the highest return on investment and not the most expensive sneakers.
Reselling Sneakers

FAQ: How to Make Money Reselling

Here are some questions many people want to know about reselling.

How much money can you make from reselling?

This depends on a lot of factors, including what you resell, how you resell, and where you resell. However, once you get experience, you can earn between $500 – $1500 monthly.

Is reselling for profit legal?

Yes, it is legal to buy and sell SOME items. It is important to find out which purchase items have legal clauses so that you can avoid them. Some of them include Digital media, recalled items, animals, prescription meds, etc.

What is the best way to deal with shipping costs?

Shipping costs are part of the money issues to consider when you want to start reselling, you should also factor in the costs when you are fixing a selling price except you prefer your customers to pay for shipping outside your product charges.

Shipping costs are usually calculated based on the weight or size of the item, the destination, and the speed of the carrier vessel. The cheapest domestic shipping option is UPS Ground, but the fastest alternative is UPS or FedEx. The cheapest international shipping option is USPS, but the best and fastest international shipping option is DHL.

Conclusion: Making Money Reselling

If you’re looking for a fast and fun way to make money in your spare time, you should consider reselling or flipping items. From reselling designer items to sneakers, cars, and more, you can boost your personal finance as long as you use the tips we’ve shared to get started.

Kevin

Kevin is an ambitious entrepreneur that is obsessed with all things related to finance. From a young age, Kevin has always been involved with side hustles ranging from online selling to freelance work. Over the years, Kevin graduated from side hustles and started launching multiple online and offline businesses. Kevin is a serial entrepreneur who loves starting new businesses and exploring all things related to business and finance. He is constantly looking for new ways to save money, invest money, and create income streams.