Things to flip? Brainstorm

[Hlaz]

I know there have already been a few topics about this and I have read them. but I did not see anything I particularly liked.

Other than cars, iphones, videogames. Looking for bigger ticket items that are less risk for me many electronics are a hit or miss used and so are cars with lots of problems.

Lets brainstorm........ Generators, power tools, clearance clothing, motorcycles, dirtbikes/atv's (much easier/cheaper to fix than cars)

 

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[JaySoriano]

I hear a lot of people make a living flipping free things on craigslist.. working washer/dryers, furniture, etc. But you'll prob find that that stuff goes super fast. Most people don't like to tell you what they're flipping.. you'll saturate their market lol.

 

[The-J]

I wonder if anyone has had any success with flipping recreational boats? Sailboats, things of that nature?

 

[Hlaz]

sailboats need a trailer which has to have working lights, title, good tires, etc. which often the cheap ones don't have which is a bitch. + place to store them

Dirtbikes seem like a not bad idea. yz125 on ebay go for a few hundred more than I can find them for on craigslist.

high end road bikes too but now that winter is approaching i don't know.

Mercedes AMG rims.

I'm trying to think of items with a mid to high price value where there is a market with lots people who have a need/want for the product or niche.

 

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[Mr.Dietsch]

What about tickets to events?

I say this because last year I should have pulled the string and bought season tickets to the OKC thunder. They of course went on to play in the finals, I still wonder what kind of money I could have made off those finals and playoff tickets. If you can get lucky and find teams that can make it to the playoffs you get first dibs on the ticket if you own season tickets.

 

[Ivan]

I hear a lot of people make a living flipping free things on craigslist.. working washer/dryers, furniture, etc. But you'll prob find that that stuff goes super fast. Most people don't like to tell you what they're flipping.. you'll saturate their market lol.

Flipping free stuff can be done, but you need a lot of space and margins are pretty thin once you factor in transport cost (you'll mostly be doing furniture and appliances). Not worth it unless you have absolutely $0 to play with, and a truck.

Seasonal sporting goods are great. Like high-end bicycles in the summer and snowboards in winter. Plus you get to use the stuff if you want (just don't destroy it lol). Also, medical equipment and musical gear, like high-end microphones and amplifiers.

 

[jilla82]

designer purses.
easy sell

 

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[GuestUser8117]

websites/virtual real estate, art, guns.

 

[Determined2012]

Omertà, tell us more about virtual real estate!

 

[JaySoriano]

websites/virtual real estate, art, guns.

Don't flip guns on craigslist lol

designer purses.
easy sell

Bootleggers are too good these days. I remember hearing a stat that 99% of the worlds Louis V are fake.

 

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[Hlaz]

Flipping guns I see being profitable only problem is I live in Chicago. Gun laws are very strict. That's a very good idea though.

 

[sambreaker20]

Flipping guns sounds extremely dangerous IMO

 

[LightHouse]

You will be hard pressed to flip guns. They are in demand and any seller knows this. So unless you are buying from someone in a lot or buying from the few people that acquire them somehow, the leg work to sell them will eat up the slim margins you are making.

 

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[MJ DeMarco]

I've had success with building supplies. (Sinks, designer stone, toilets, etc.) After my home remodel, I had some left over material and sold it on Craigslist ... stuff sold very quickly -- also, your buyer will typically be a builder/remodeler/business owner.

 

[skipper]

A question from a non-native speaker: flipping=reselling?

 

[Amail]

A question from a non-native speaker: flipping=reselling?

Yes. Buy low, polish it up maybe, sell it for more.

 

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[PeteLife]

@skipper ... You are correct. However, not just reselling, but reselling at a profit ... substantial profit to say the least ...

 

[skipper]

I guess the key thing is finding sellers who don't know how much the market really values a particular item?

 

[JaySoriano]

I know someone who flips old snes, n64, other classic games etc.. doubt he makes a ton though.

 

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[JAJT]

I guess the key thing is finding sellers who don't know how much the market really values a particular item?

Not necessarily.

- Buy items at bargain-bin prices (garage sales, sellers who don't know what they have, liquidations, wholesale, etc...)
- Sell items with value-add (new kitchen remodel in a house, bundling hard-to-find or cohesive products together to increase the value of the whole, combine with information products, etc...)

There are two ways to pretty easily make money flipping without assuming your market is retarded.

Now, selling to a stupid market is a pretty easy way to make money but IMHO it falls into the dishonest category. Nobody will ever come back to you if they see their used $400 mountain bike they just purchased from you selling for $100 new at Walmart. I'd personally feel really uncomfortable doing this.

 

[GuestUser8117]

Omertà, tell us more about virtual real estate!

flipping websites? The concept is borrowed from real estate. Basically what you do is buy a website, upgrade it,develop it, make it look better and sell it for a profit.

 

[Hlaz]

Often by just listing the item better on more sites, with more words in description, more pictures is how I resell for significantly more. I usually make anywhere from %25 to double my money especially when I buy bulk.

I'm just trying to think of more things to flip. Never thought about doing construction/building supplies.

I flip mostly just to create extra assets and cash flow to do fun activities like vacations, toys, etc. without having to break into the bank too bad. Can supply money for more long term investments also. It's fun and can be very lucrative.

 

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[Hlaz]

Uggg looking at motorcycles more I see SOOOO much potential for profit with relatively low risk. Wish I had a motorcycle license.

 

[jilla82]

Solar Panels are another easy sell.

 

[jilla82]

Uggg looking at motorcycles more I see SOOOO much potential for profit with relatively low risk. Wish I had a motorcycle license.

Tell me about it.
I look at the Craigslist in Chicago and there are a ton of Motocycles and Cars that can be flipped.

 

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[healthstatus]

Books can be done, but you have to know your stuff. Estate sales are great for this as the family usually just boxes up the bookshelf and doesn't consider the first editions and such.

 

[Hlaz]

Books are too small and tedious for me. I like doing medium-larger things.

 

[funkj25]

I've started doing a bit of flipping myself lately to work up some capital for my fastlane business. I've got an opinion question for fellow flippers out there for this coming holiday season, namely: Furbies.

I'm young enough that when these things came out in '98 that was my childhood and I remember people going ape-sh*t to get them (I had one, I loved it, so what?). Does anyone think there's going to be a demand for them in the next month or two leading up to Christmas? They were recently released, MSRP is $60, amazon is selling them at $67 and you can snipe them on eBay for around $45. Thoughts?

 

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[jilla82]

I've started doing a bit of flipping myself lately to work up some capital for my fastlane business. I've got an opinion question for fellow flippers out there for this coming holiday season, namely: Furbies.

I'm young enough that when these things came out in '98 that was my childhood and I remember people going ape-sh*t to get them (I had one, I loved it, so what?). Does anyone think there's going to be a demand for them in the next month or two leading up to Christmas? They were recently released, MSRP is $60, amazon is selling them at $67 and you can snipe them on eBay for around $45. Thoughts?

Where would you sell them?
You cant sell toys during the Christmas season on Amazon unless your approved.

Who knows what the hot toy is going to be...I dont think TV has told the kids yet.

 

[funkj25]

Where would you sell them?
You cant sell toys during the Christmas season on Amazon unless your approved.

Who knows what the hot toy is going to be...I dont think TV has told the kids yet.

Craigslist I imagine. I did a similar thing with Wii's back in 2008 I believe it was. I don't know that there's a large enough margin with said Furbies to make it worth while, but figured I'd ask the community's opinion anyway.