Okay so I want to start flipping! But…how do I even start?

This is a question I get asked often when people see me out and about doing my thing in thrift stores or garage sales. “How did you start flipping in the first place?” For a while I didn’t know how to answer the questions because I had been doing it for so long at that point. But now that I am starting from the beginning all over again I think I have a better grasp on the whole situation and question at hand.

There is no right or wrong answer when it comes to how to start. There are dozens of ways you can get into the game but I’ll share with you one way you can start that would leave you with some money to start with when you begin sourcing things to sell in the future (I’ll have a post on this in the upcoming days/weeks). Are you ready to start? Alrighty then let’s go.

The first thing I want you to do is to think of all the things you have but don’t use anymore. That PlayStation 4 with 10 games you bought a year ago that you rarely play anymore due to work or the kids, that iPad Mini that is collecting dust on the coffee table because let’s face it, you have an iPhone in your hand, the Godfather DVD collection you haven’t watched in 10 years. Think of anything that you don’t use anymore that might be worth a little bit of money. Go grab all of them and put them together on your kitchen table. Now that you have your gear let’s see how much it’s worth.

In the beginning you’ll probably be using craigslist/eBay the most (again, I’ll have posts on this in the future) but lets use eBay in this example. Let’s say you have a brand new The Godfather Collection DVD that you know you wont watch ( substitute whatever you’re selling in this example), what we need to do is find out how much it’s worth. Head over to http://www.eBay.com and search for your product. See how much it is selling for (see the advanced button in the top right? Click on that and then check off the box that says “Sold” and click Apply. This will show you how much your item has been actually selling for). Now do this for all your items. Write down what you can get realistically for what you’re selling. This number will be your starting point for sourcing. Now try and sell these things on http://www.Craigslist.org and see if you can get some cash (remember Craigslist is like an online garage sale, be prepared to haggle with people and to sell for less than what you saw on eBay. We’ll go over this in greater detail later).

But what do you know, you’ve already began flipping! Of course there is much, much more to the game but that is the basic premise. In future posts I’ll be diving more into the minute details of flipping but this should help get you started. Hopefully by doing this short little exercise you can realize that A) it’s not a hard thing to do and B) there can be some good money in this for you!

 

Welcome to Flipping Advisor

Well here we are. The beginning of a new website — or more specifically a blog. This part is always a little awkward, isn’t it? Well hopefully we can get past that quickly and I think I have an idea on how to do that. Let’s just dive right on into what we’re all about here.

I decided to start this blog to try and get some structure in my life. Get myself on a schedule and stick to it no matter what. I wanted something I could focus on that would be a net positive for me. I wanted to be disciplined and, to be honest, we could all use a little more discipline in our lives, couldn’t we? We could all do that little bit extra that could turn our day from good to great. Along with this blog, this is also why I recently started flipping again.

For those who may not be familiar with the term flipping (or flip), it’s a pretty basic concept; find/buy something and then sell it for more then you paid for it. This could be anything that you could imagine; video games, clothing, toys, glassware, antiques, electronics, purses, the list goes on. Everything has a price tag. The goal is to get anything below that tag and sell it for more. Over and over and over again. Flipping is something that anyone can do on the side to generate some side income. A side hustle so to speak. Whatever you want to call it at the end of the day you have extra money in your pocket.

What I think is so great about flipping is that it isn’t like other side hustles/money making opportunities. It doesn’t make you take calls or video classes. It doesn’t force you to make a large down payment to acquire product to sell. It also doesn’t make you alienate all of your friends as you try to sell them Himalayan health beads or whatever the new recent trend it. It’s something different. To me it’s like a treasure hunt. You go out there looking for hidden gems that you KNOW you can make money on. That feeling you get when you score something you know you can make hundreds of dollars off of is indescribable.

There are a lot of things that go into flipping. How do you find things to sell? How do you know what to look for? Okay I found something to sell, now what? Where do I sell it? How can I make sure I get the most money for what I bought? I will be going over all of this. Where to go. What to buy. How to sell things. I’ll be covering it all.

In this blog I am going to be sharing my thoughts, ideas, tricks, tips and trends in flipping. I’ll be sharing my experiences with all of you in the hope of inspiring some people to learn how to do this themselves. I hope to post several times a week detailing my progress and learning experiences throughout my flipping “career”. Remember, this is all about discipline. Staying on a schedule. Sticking to what I started.

And making lots of money along the way. Stay tuned.