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Thrift store furniture flipping is the simple art of finding a highly-desired furniture piece at a discount and reselling it later for profit.
Whether you are considering thrift store flipping as a part-time or full-time gig it can be a great way to earn extra money.
If you want to learn how to make money flipping thrift store furniture, then keep reading.
How to Flip Thrift Store Furniture for Profit
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Flipping thrift store furniture isn’t rocket science.
Anyone with an eye for good furniture and a few minutes to spare at the local thrift store can find that flipping furniture can be wildly profitable.
As proof, A.J from The Flipping Ninja, has made somewhat of a career out of doing this in his spare time, earning over $30,000 in a year!
Due to the extremely low start-up costs and profit potential, thrift store furniture flipping can be a great way for you to earn supplemental income.
If you are ready to learn how you can get started, then this is what you need to know:
1. Be on the lookout for discount days.
When thrifting, pay close attention to discount days when furniture is marked down 25% or more.
According to the Flipping Ninja, these are the best days to “go big”.
This allows you purchase several items at a steep enough discount allowing you to maximize your profits.
For example A.J purchased this beautiful dresser at $83 and sold it just 7 days later on Craigslist for $300, earning a profit of $217.
That’s a pretty decent profit just for spending a few minutes in a thrift store!
2. Price items 3-4 times the amount you paid.
To make a profit on your furniture finds, you have to price them at least 3 to 4 times the amount you paid.
This gives you plenty of room for negotiation.
Also, doing this helps you establish your bottom line or the absolute minimum you’ll accept from a potential buyer.
For example, A.J. purchased this dresser for $98 and priced it to sell at $400, earning him a profit of $227!
Don’t be afraid to stand firm on price.
The right buyer may come along, even if you have to wait a week or more for your item to sell.
3. Take clear photos and write good ad copy.
Taking clear and detailed photos of your furniture finds along with good advertising copy can help you sell your furniture a lot quicker.
When you are writing your copy, keep in mind what you think your potential seller wants to know.
This includes little details such as the type of wood the furniture is made from, the make and manufacturer as well as the style of the furniture (classic, vintage, modern etc.)
It also helps to suggest to the seller what the furniture can be used for.
For example, in this Craiglist ad dresser A.J mentions that the dresser has a “wide topped counter that can be used as a vanity station”.
Suggesting how the furniture can be used helps the buyer visualize the utility of the furniture piece thus creating
Furniture flipping can be incredibly profitable if you know what to look for and how to sell it.
You can learn more about flipping furniture and other items by visiting theflippingninja.com.