Used items can be the same great quality at a fraction of the price. There’s a good chance exercise equipment like treadmills, ellipticals, and dumbbells, are still in good condition. Just make sure to research the brand and test the equipment before you buy, she says. Even if an item isn’t in top quality, a lifetime warranty guarantees the company will fix or replace it. And you don’t have to worry about showing proof of purchase either, says Brent Shelton, online shopping expert for fatwallet.
There are so many used hand tools like hammers and wrenches on the market that there’s no reason to buy new, says Shelton. If you’re on the market, he recommends checking out a surprising spot. A lot of times they’re coming from trade because people change jobs. Bonus points if you find one with a lifetime warranty. By using a site like giftcardgranny. 10 to 30 percent on store credit at your go-to shops, or gift cards to give as presents, she says. At the rate new technology comes out, a used phone or laptop from five years ago probably isn’t worth the buy. But last year’s model could be a great value without making you feel like a dinosaur.
For instance, Apple sells certified refurbished laptops and computers with limited warranties. Head to a big-box store or phone carrier for a refurbished smartphone, which are usually good quality, says Shelton. Beware of buying used tech from companies you don’t know though. Equipment for specific sports, like skis or golf clubs, are also a good idea to pick up used, says Shelton. Beginners often buy the items but don’t stick with the sport, meaning the gear is still in great condition.
How To Make Money Thrifting Expert Advice
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And if you don’t want to be that person shelling out hundreds on a sport you or your kid doesn’t love, you won’t lose much on a used version. Find a model that’s a year old and doesn’t have many miles for a like-new ride that costs way less. You can save tons of cash on furniture by buying preowned instead of new, especially if you shop at the right time. Tax season, spring-cleaning time, and the holidays usually have the best prices and most options because people are often trying to downsize or sell those big-ticket items, says Shelton. Check out the deals at arnoldsofficefurniture.
A new bicycle can cost hundreds of dollars, but a used one will cost a fraction of the price. You can even buy just the frame, and beef it up with more expensive parts from another seller, she says. Thrifting your clothes can save you up to 90 percent on everything from jeans to tuxedos, says Woroch. Baby clothes are especially good to buy used. There’s a good chance the original buyers over-bought or received the outfits as gifts, so items are often like-new or even unworn. Low price tags make consignment shops a good way to test-run trends that you’re not sure you’ll stick with, says Shelton. Older models of musical instruments might actually be better quality than the ones you’ll find new on the shelf.
Corporations find ways to cut corners and use plastic vs. Newer technology doesn’t have the same kind of tonal quality and build. Do a bit of research before you buy, and test the instrument if you can. In general, American brands will last longer than appliances made in China, so do a bit of research before buying used. Ask the sellers how long they’ve been using it, and test it to make sure it works before you put any money down.
You could also head to an appliance repair shop to see if they’re selling refurbished items. Sometimes you find nice little gems in there, like people highlighted things on your test or let good notes. Seek out preowned video games, DVDs, and CDs. They just pop in and out of a player, so they’re usually in good condition, says Shelton.
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Plus, you might find surprising deals when you find the one you want. Check for used items on Amazon or at Gamestop, he suggests. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Join 102,863 SubscribersGET THE FREE MONEY CRASHERS EMAIL NEWSLETTER!
Every junk yard and flea market offers a real treasure hunt for anyone willing to do the work. No, not every trip is going to yield a long-lost Picasso, but learning more about thrift store flipping just might give you the incentive to look a little closer the next time you’re checking out the local store. Then, simply do a little maintenance and repair if necessary, clean them up, and resell them. It’s impossible to guarantee a profit, but knowing what to go for can help increase your chances of making a buck or two from your hard work.
Your smartphone is your best tool when thrifting for a profit. It acts as a pretty reliable barometer for an eventual selling price, and can give you a baseline to work from. Not sure if that pottery is worth anything? Check for stamping somewhere on the piece, look up the stamp online, and see how that corresponds to resale value. Kovels is just one of many sites with a great directory of pottery stamps organized by shape and letter. If you have a piece of jewelry, you can usually find a stamp on the clasp or on the back of a pendant. Higher-end areas tend to amass higher-end thrift store hauls, so you might find better-quality and name-brand goods in those neighborhoods.
Thrift stores constantly need to rotate their inventory because of donations. Therefore, many shops have a day or two each month where items are deeply discounted to make room for the next batch. The less you pay, the higher your profit after flipping. Always make sure an item can be cleaned before it’s sold. Check for stains and smells first, and turn away from any garments that need more than laundering or the application of a lint roller.
Unless you get lucky, margins for thrift store flipping can be pretty slim. Therefore, anything that could cut into those margins should be avoided. Heavy or odd-shaped goods might work better for local resale, rather than online auction sites. Ultimately, the amount you make boils down to your research.
By confirming that an item is actually worth more than the thrift store price and that you can easily sell it at its higher value, you have a pretty good chance at scoring a profit. Just remember that shipping and listing fees should be factored into the final cost of each item you purchase with the intent to sell. Best Items to Turn a Profit1. Generally, individual books aren’t a huge moneymaker, but book lots traditionally sell very well at online auction sites. Even if you find just one or two books from these box sets, they can bring in more than a typical paperback, since collectors could be looking to add to their current library.