How Much Money Can YOU Make Through Flipping? - The Flipping Ninja: Make Money Flipping Things (2024)

March 25, 2021

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How Much Money Can YOU Make Through Flipping?

ByAJ Hakimi (The Flipping Ninja)

How Much Money Can YOU Make Through Flipping? - The Flipping Ninja: Make Money Flipping Things (1)

Flipping is simple. Buy low, sell high. It is a very lucrative sideline, or even a full-time job, if you know how to do it right. I flip things for a living and people keep asking me how much one can make just flipping things.

I’ve made six figure sales in a year all from flipping. Here’s what I know…

The money you’ll make through flipping depends on three things:

  1. How much risk you’re willing to take

    Flipping implies that you have items to flip. Most of the time you’ll be flipping things you first have to buy—unless you have a whole acre full of things you own but don’t use.

    There are ways to flip free things. While free things aren’t uncommon, you do have to spend time searching for them and the profits you make on them may not be as consistent or high. So it’s not the most reliable nor the best way to flip things if making good money is what you’re after from this business.

    This means you need to have a pool of money you’re willing to risk. Flipping is not guaranteed. You don’t know when your item will be sold. Some items can go for months without getting a single inquiry from a prospect.

    In my experience, the more items I flipped the more money I got. But this is only the prerequisite.

  2. How good you are at spotting profitable deals

    If you want to excel at flipping, spotting good deals is half the work.

    Knowing what to buy is the first skill you’re gonna have to get good at. Try entering a thrift store and buy items randomly without thought, you’ll most likely lose money. Or try scrolling through FB Marketplace and do the same. I don’t think your wallet’s gonna be happy with that.

    Spotting profitable deals is a skill. It is perhaps 20% of the work that does 80% of the results. I call this developing “the eye for the deal”, and you develop it with repetition and experience.

  3. Your skill at marketing your item

    Getting yourself a profitable item is like getting a fresh salmon for your hungry bear, you merely have to show it to him and he’ll run right at you.

    The skill of marketing then, is honey. I don’t think I’ve ever seen a honey-coated salmon before, but I imagine it’ll drive bears crazy.

    You have to know how to coat your item in a layer of honey. And in flipping, that means knowing how to make your item appealing through photos and words. Your items must be displayed as beautifully as possible, preferably without cost to you. And your words must, ideally, move and compel them to buy it.

    It’s a skill worth learning if you want to get a lot of money through flipping. Remember:
    Marketing is honey.

On The Subject Of Time

Time plays a role as well.

You’re probably working, attending school, or parenting so you don’t exactly have all the time in the world. It’s only natural. But the good news is, flipping isn’t a time-intensive job.

Doing ten to twenty hours a week of flipping, is generally enough to earn you a good side-income cash flow of anywhere from $500 to $3,000 per month or more. Time is not the most important factor. Yes it’s required, but the three things I mentioned earlier are the main factors that will drive your profits up.

The more you improve those factors, the more profit you’ll get. Time isn’t the best metric for measuring how much money you get. Although it is a good indicator for your efficiency. If the work you put in today is less than yesterday while getting the same amount of profit, then you’re a much better flipper.

When I started, it took me 2 to 3 months of half-assing a few hours a week to get to $500/month. Once I reached that threshold, I realized it could be done. I was motivated. It was a steady increase after that. Knowing what I know now, it’s ridiculously easy. In fact, I was never the same after that.

There’ve been tons of times when I earned over 1k with 45 mins of work. I’ve literally gone into a thrift store, spent 15 mins buying cheap things, then gone out knowing I’ve earned over $700.

I’ve never spent more than 20 hours a week doing the work. Actually, that’s a lie. There was one time I went totally crazy and might’ve hit 25 hours working: buying, storing, taking photos, writing ads, selling – the whole flipping thing. It was a mess, and I was a total flipping junky at that time.

Outside of that, I’ve made over 100k in a year just from flipping. And I rarely worked over 20 hours a week on flipping.

I know one guy who makes over $100,000 a year strictly selling things on eBay. He works in the comforts of his home only going out when he wants to and when he needs to receive or ship an item.

He’s been at it for years, of course. And he’s placed an effective system around his work so he is efficient, and I must say, it’s very impressive. It’s not easy to reach that goal. But it is possible.

All in all, when it comes to making money flipping things, it’s a simple business model that is profitable and anyone can do. It’s not rocket science, and don’t let anybody tell you it is. You can go from “I’ve never flipped a thing in my life” to “holy sh*t I just made $500” in a week.

It’s not a get-rich-quick scheme by any means, and it does take work and energy, just as anything worthwhile does. But once you make a decision and say “I’m gonna give this flipping thing a shot”, your income may change very quickly.

If you’re interested in learning the nuances and principles that can quickly get you there vs spending months or years going at it alone, I have a course that’ll guide you to that goal and quickly get you up to speed, so that you can go out and become a world-class, money-making, Flipping Ninja. My goal when creating the course was to make people money, simple as that. So if this is something you’re interested in, make sure to check it out now while there’s a special promotion going on.

ABOUT THE AUTHOR

AJ Hakimi (The Flipping Ninja)

Hey there, I'm AJ, also known as 'The Flipping Ninja'. My flipping journey has been transformative, allowing me to buy sleek cars, indulge in exotic vacations, and even purchase my first house at 24, which I turned into a passive income source. With over 3,000+ items flipped and sales surpassing $300k, it's not just about the numbers. It's about the freedom and empowerment flipping brings.

After years of experience, my mission is to share this life-changing skill. I believe flipping is a powerful side hustle for anyone, from college students to working professionals. Ready to transform your life with flipping? Let's embark on this journey together.

Interested in my full journey? Read More about how I became 'The Flipping Ninja'.

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How Much Money Can YOU Make Through Flipping? - The Flipping Ninja: Make Money Flipping Things (2024)

FAQs

How much do item flippers make? ›

According to some sources, most casual furniture flippers make between $50 and $500 per month. But if you decide to get serious, you may be able to make significantly more than that.

How to get rich flipping? ›

The key is to buy low and sell high. But rather than adopt a buy-and-hold strategy, it's important to complete the transaction as quickly as possible. This limits the time that your capital is at risk. In general, the focus should be on speed as opposed to maximum profit.

Is flipping items a good side hustle? ›

In the simplest terms, the strategy behind thrift store flipping is to find items you know you can resell for a higher price. The goal is to find an item at a thrift store and then sell it on an online platform like eBay or Facebook Marketplace at a decent markup that makes this a worthwhile side hustle venture.

How much can you make thrift flipping? ›

It's not uncommon to find thrift store flippers making close to $100k every year from thrift store flipping. It, however, still depends on how much you put in. If you're willing to put in enough time to learn about flipping and carefully research the items to sell, you can make a comfortable living.

What is the easiest thing to flip for profit? ›

đź’ˇ Quick Answer: Some great products to flip are vintage clothes and accessories. People love the thrill of thrifting, buying vintage clothing, and discovering unique pieces. That's why the margins and profits of vintage clothes and accessories can be quite large and can reach up to 100% or more.

What can I sell for $500? ›

So if you're wondering what to sell for $500, here are some ideas that can help.
  • Watches & Jewelry. ...
  • Electronics. ...
  • Collectibles. ...
  • A Vehicle. ...
  • Brand Name Clothing & Accessories. ...
  • Furniture. ...
  • Tools. ...
  • Sports & Gym Equipment.

What is the 70% rule in flipping? ›

Put simply, the 70 percent rule states that you shouldn't buy a distressed property for more than 70 percent of the home's after-repair value (ARV) — in other words, how much the house will likely sell for once fixed — minus the cost of repairs.

How to flip $1,000 dollars fast? ›

How To Flip $1,000 Dollars
  1. Buy And Resell Clothing. ...
  2. Invest In Real Estate. ...
  3. Buy & Sell Collectibles. ...
  4. Start An Online Business. ...
  5. Rent Out Assets. ...
  6. Amazon FBA. ...
  7. Invest In Dividend-Paying Stocks & ETFs. ...
  8. Stake Crypto.
6 days ago

Who wins flipping fast? ›

The winning team, mother and daughter Janet and Olivia, made a profit of ÂŁ54,362 and are planning on starting their own property development business.

What can I sell for $100? ›

In my experience, one of the easiest things to sell for $100 or more is brand name clothing and accessories. I've sold plenty of things in the past like sneakers, suits, hoodies, watches, and jeans. And if you have some pieces from popular brands that are in good condition, you can likely find buyers quickly.

How to successfully flip items? ›

Before you flip anything, it is important to do your research and understand the market. This includes knowing what the item is worth and what other people are willing to pay for it. Be patient. Finding the right products to flip at the right price may take some time.

How to make a living flipping items? ›

How to Flip Items for Profit
  1. Buy something on Amazon and then resell it there for a higher price. ...
  2. Buy items on other websites (eBay, Walmart, Craigslist, etc.) ...
  3. Take people's free stuff. ...
  4. Buy products locally at stores or garage sales and then resell them on Amazon.
Apr 19, 2024

What are the best items to thrift? ›

What items sell best in a thrift store? Vintage clothing, designer pieces, collectibles such as toys or mugs often have high resale potential. Textbooks and baby gear are also typically hot sellers.

How to start thrift flipping? ›

Here is a list of steps you can follow to flip items from a thrift store:
  1. Research various thrift stores in your area. ...
  2. Look for typically high-value items. ...
  3. Search for items you find online. ...
  4. Purchase items. ...
  5. Take pictures of the items. ...
  6. List the items for sale. ...
  7. Ship the items. ...
  8. Track earnings.
Jun 24, 2022

How to thrift for a living? ›

A lot of people don't know this, but you can buy inventory at thrift stores and resell it on Amazon or eBay for a profit. You can start with the big stores and then explore from there. Most parts of the country have major thrift store chains like Goodwill, The Salvation Army, and Savers.

Do furniture flippers make good money? ›

A furniture flipping business can be incredibly profitable, and it's a great way for you to earn some extra cash on the side — or even replace your current income. Restoring and reselling used furniture is also an excellent means to build up capital to start your own Amazon or ecommerce business.

Can I make money flipping thrift store items? ›

Reselling from thrift stores is a great way to learn the ropes of selling products online. The cost of inventory is low and the chance to find products that can be sold for a nice profit is high.

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