Lots of us are looking for new opportunities to make money right now. Maybe you’ve been laid off your job or are simply looking to boost your bank balance with a side hustle? Have you every considered flipping furniture? There can actually be some decent money in it if you do it right!
What Is Flipping Furniture?
Flipping furniture is just like flipping houses. Buying something at a low price, doing it up and selling it on for a profit. You might find items on sale at a closing down sale which you can then sell on at a profit. It could be that you go to charity shops and discover furniture that you can put a lick of paint on and sell on at twice the price. You might even find broken furniture in skips that you can fix and upcycle before selling on with a second life. It’s all at buying and selling, with perhaps a little bit of fixing up in the middle.
Where To Find It?
There are many people right now who have spent the last few months getting rid of things in their homes they no longer want. They’re also on the lookout for new pieces to bring some joy and style to their homes. Buying items for cheap and selling them on for a slight profit can earn you plenty of cash. Go and check out shops that are closing down. Look at bank holiday deals in superstores and the reduced section in hardware shops. Furniture can be reduced for many reasons and those reasons might be something simple like a scratch which you could sand out or a mark you could clean. Some charity shops specialise in furniture and you can always check Facebook marketplace for bargains which you can collect in your local area.
How To Do It Up?
The key to flipping furniture is making sure there is money in the item before you buy it. Otherwise you’re just buying something you don’t need. You’ll also perhaps be putting time and effort into giving the items a new lease of life as well as paying for items to help you do them up, such as varnish and paint. Your DIY skills might be put to the test but some things are easier than you think when flipping furniture. Cleaning a sofa or fixing a broken drawer. You need to make them appealing and saleable. If the items you have bought are new, simply on offer, get them relisted and advertised at a price that is still appealing put profitable to you.
Where To Sell It?
If you’re selling online you need to ensure you take decent photographs of your items. There are free places to sell your items such as Facebook marketplace. You could use eBay but if they’re heavy or bulky items you’ll perhaps have to deal with postage and there are fees involved with eBay too. Maybe you could simply have a ‘yard sale’ type display on your driveway on weekend? Car boot sales might be an idea as well. If you do a good job and offer or create items which people like, you’ll get word of mouth recommendation as well as repeat customers.
Reinvest & Live
When you sell a piece when flipping furniture, you’ll feel amazing. That time and effort has paid off and put some profit in the palm of your hand. If it’s just a one off, that’s wonderful, you’ve got yourself some cash, but if you are want make it into a business, you need to take that money and reinvest. Ensure the amount of money you’re earning from the time you’re putting into flipping furniture is worth is. Many people do it for the enjoyment, but if you’re doing it as a business, you need to be able to pay your bills and live.
