Making Money Online

Ultimate Reselling Guide: Score Big at Thrift Stores and Make Money Online

Have you ever wandered the aisles of your local thrift store and wondered if you could make money flipping some of the unique items you find? Reselling thrift store products online has become a popular side hustle and for good reason – it allows you to be your own boss, work flexible hours, and profit from your keen eye and researching skills.

In this comprehensive guide, we will cover everything you need to know about getting started and succeeding at reselling thrift store finds on sites like eBay and Etsy. You’ll learn insider tips on finding valuable items, researching prices, optimizing listings, shipping items, and scaling up your reselling business. Follow this guide and you’ll be well on your way to scoring big at thrift stores and making serious money online!

How to Get Started Reselling Thrift Store Finds Online

Reselling items from thrift stores, garage sales, and estate sales on sites like eBay, Etsy, Facebook Marketplace, and Craigslist can be an extremely lucrative business. As a reseller, your job is to buy low and sell high – find items priced well below their resale value and flip them for a profit. Here are some tips for getting started:

Set Up Your Online Accounts

The first step is setting up accounts on the platforms you plan to use to resell items. Some top choices include:

  • eBay – With over 175 million active buyers, eBay is the go-to marketplace for resellers. Set up an eBay store subscription to list more items each month.
  • Etsy – Best for selling vintage, handmade, and craft supplies. Etsy charges a listing fee and transaction fee.
  • Facebook Marketplace – Allows buyers and sellers to connect locally. No listing or transaction fees.
  • Craigslist – Free classified ads site. Great for listing bulky items locally.

Take high-quality photos, write detailed descriptions, and price items competitively to maximize sales.

Obtain Supplies

Arm yourself with the right supplies to source, prep, photograph, pack, and ship inventory:

  • Storage containers – Bin large items like furniture, box smaller items.
  • Cleaning supplies – Gentle cleaners, microfiber cloths, toothbrush for hard-to-reach areas.
  • Camera – Use your smartphone or invest in a DSLR for crisp, well-lit photos.
  • Photo editing software – Apps like PicMonkey for image touch-ups.
  • Packing materials – Bubble wrap, tissue paper, boxes, tape, labels.
  • Printer and shipping scale – Print shipping labels and weigh packages.

Find Inventory Sources

Sourcing inventory is a vital part of the reselling process. Learn to spot valuable finds at:

  • Thrift stores – Scan books, electronics, appliances, antiques, collectibles. Check “new item” areas first.
  • Garage/estate sales – Ask if they have additional boxes of unsold items. Negotiate discounts on the last day.
  • Consignment shops – Resell their high-end items at a markup.
  • Wholesalers and liquidators – Buy unsold inventory in bulk at a low price.
  • ** thrift store bins** – Search for treasures in the $1 bins, discounted areas.

Always inspect items closely and research prices before purchasing inventory.

How to Find Valuable Items at Thrift Stores

Sifting through the disorganized shelves and overflowing racks at thrift stores takes patience and a keen eye. Here are tips for finding profitable items:

Check New Inventory Daily

Most thrift stores put new items out first thing in the morning. Get there early to beat other sellers.

Scan the Electronics

Test electronics like stereos, gaming systems, vintage electronics to see if they power on. Popular brands like Sony, Pioneer, and Apple hold value.

Examine Housewares

Look for intact sets of vintage kitchenware, pyrex mixing bowls, and mid-century modern decor.

Search Books/Media

Sort books by category. Look for first editions, niche topics, vintage book covers. CDs and DVDs can also sell well.

Hunt for Brand Names

Scan clothing racks for brands like Lululemon, Patagonia, and Louboutin. Check pockets for advantage.

Comb Through Collectibles

You may uncover rare coins, stamps, trading cards, comic books, and other collectibles.

Check Clearance Areas

Sometimes valuable items get relegated to clearance racks. Sort through them before leaving.

The key is going slowly and checking off-beat areas like housewares and knickknacks where resellers may miss seeing buried treasure.

How to Determine If An Item Will Resell for Profit

Your thrift store haul is only valuable if you can resell the items at a higher price. Follow these steps to identify profit-earning inventory:

1. Examine Condition

Check for stains, damage, missing pieces, etc. Items should be in good to pristine condition to resell at top dollar.

2. Research Current Listings

Search sold listings on eBay to see what similar items have sold for recently. Check Etsy, Facebook Marketplace too.

Top 6 Forex EA & Indicator

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six products stand out for their sterling reputations:

1.Forex EAGold Miner Pro FX Scalper EA$879.99MT4Learn More
2.Forex EAFXCore100 EA [UPDATED]$7.99MT4Learn More
3.Forex IndicatorGolden Deer Holy Grail Indicator$689.99MT4Learn More
4.Windows VPSForex VPS$29.99MT4Learn More
5.Forex CourseForex Trend Trading Course$999.99MT4Learn More
6.Forex Copy TradeForex Fund Management$500MT4Learn More

3. Consider Repair Costs

Calculate costs for cleaning, mending, parts replacements. Subtract this from the resale value.

4. Account for Fees

Factor in selling platform fees, payment processing costs, shipping supplies.

5. Compare to Retail Price

Would it cost more to buy the item new? If so, there may be room for profit.

6. Determine Available Profit

If there is a sizable gap between what you would pay and the current resale price – buy it!

How to Photograph Items for Resale

Great photos are crucial for selling online. Follow these tips to make your items shine:

Use a Clean, Solid Background

Avoid clutter. Use poster board, fabric, foam boards. White, gray, black backgrounds work for most items.

Capture Multiple Angles

Take photos of all sides, details, flaws. Include measurements. Video can supplement photos.

Shoot in Bright, Natural Light

Place near a window for diffuse lighting. Outdoors in shade works too. Avoid flash.

Fill the Frame

Get close enough to hide background but not cut off any edges. Crop out flaws.

Edit Photos

Adjust lighting, color, contrast in apps like PicMonkey. Resize for platforms.

Add Visual Interest

Use props like flowers, books, etc to stage lifestyle product shots.

With practice, you’ll develop an efficient system for photographing all your thrift store finds.

How to Write Captivating Listings That Sell

Your listings need to attract buyers if you want to turn a profit reselling online. Use these tips to write compelling descriptions:

Craft Clickable Titles

Include keywords like brand, item specifics. Keep it short and descriptive.

Lead with the Best Features

Note condition, popular brand, unique traits upfront. Get them excited to read more.

Describe Details

Mention measurements, materials, age, flaws. Be transparent.

Share Provenance If Known

Provide origin story, maker history if you have it to add value.

Get Creative With Keywords

Blend main keywords with related terms buyers may search for.

Highlight Benefits

Explain why someone would want the item. How does it improve their life?

Use Formatting Strategically

Make key specs bold or add bullet points for skimmability.

Close with a Clear Call-to-Action

Prompt them to buy the item now before someone else snags it!

How to Price Items for Maximum Profit

Finding that profitable pricing sweet spot takes some savvy. Use these tips when determining how much to charge for your thrift store items online:

Research Comparable Listings

See what similar sold items went for. Factor in condition differences.

Consider Fees

Account for selling platform fees + payment processing costs.

Pad for Negotiation

Price a little higher, expecting some buyers will make lower offers.

Know Your Minimum

The lowest profit you’d accept after fees. Add at least 25-30% on top.

Price Ending in .99 or .95

Odd pricing signals a good deal and boosts perceived value.

Adjust for Demand

For rare, in-demand items shoppers will pay more.

Don’t Be Afraid to Go High

For hot brands and luxury goods, set prices firmly.

Review your pricing periodically and lower if needed to get sales moving.

How to Market Your Listings for More Eyes & Sales

You put in the work to list amazing items – now’s the time to get them in front of buyers so you can start earning. Try these marketing tactics:

Optimize Titles & Descriptions

Include popular keywords so listings appear in more searches.

Drive External Traffic

Promote listings on social media, email, blogs, forums related to the product type.

Offer Shipping Discounts

Provide reduced or free shipping to increase conversions.

Run Sales & Promotions

Offer sitewide discounts or bundle related items to entice buyers.

Use Captivating Photos

Tantalizing, high-quality photos attract more clicks.

Earn Top-Rated Status

Build your seller rating with great customer service and fast shipping.

The more exposure you gain, the faster your items will sell.

How to Handle Shipping & Returns Like a Pro

Shipping and returns are a big part of the reselling game. Follow this advice to make the process seamless:

Pack Well

Use new boxes, bubble wrap, peanuts. Wrap fragile items individually. Add padding.

Ship Fast

Send items out within 1-2 business days. Quick shipping earns positive reviews.

Offer Tracking

It protects you and gives buyers peace of mind. Upgrade for signature confirmation on expensive items.

Weigh & Measure Properly

Double check dimensions. Oversized or overweight packages incur extra fees.

Handle Returns with Care

Accept returns when required by platform policies. Issue refunds promptly.

Insure Valuables

Insurable shipments are covered if lost or damaged. Worth it for expensive antiques, electronics, etc.

The more care you put into shipping, the more repeat business you’ll get.

Top 10 Tips for Reselling Success

Follow this expert advice to start strong and grow a thriving reselling side hustle or full-time business:

1. Source Regularly

Make visiting thrift stores and sales part of your weekly routine. The more items you find, the more sales opportunities.

2. Stay Organized

Keep detailed inventory records. Use storage bins to separate items by status.

3. Reinvest Profits

Put earnings back into growing supplies, storage, photography tools.

4. Fill Gaps in Market Knowledge

Read up on collectibles, antiques, brands in categories outside your expertise.

5. Provide Excellent Customer Service

Fast shipping, quick replies, and resolving issues promptly will get you rave reviews.

6. Share Your Success

Post big flips and sales milestones on social media. Inspire new resellers.

7. Make Record Keeping a Habit

Track profit margins, best categories, sources to optimize your efforts.

8. Experiment with New Platforms

Try selling on Instagram, Poshmark, Mercari. More venues means more sales.

9. Set Goals & Milestones

Aim to list a certain number of items per week. Celebrate target earnings.

10. Stay Passionate

Remember why you enjoy the treasure hunt. Let it be fun!

Use these tips to start flipping thrift store finds for big profits!

Frequently Asked Questions About Reselling Online

Still have some questions about getting started reselling thrift store items online? Here are answers to some frequently asked questions:

How much money can I make reselling?

Your earning potential depends on your sourcing skills, amount of time invested, inventory volume, and more. Many resellers net $20-$50 profit on average per item sold. With part-time effort, you can make hundreds to thousands in side income each month. Top full-time resellers report 6-figure annual profits.

What sells best?

Small goods with high value for their size tend to be most profitable – electronics, video games, jewelry, watches, luxury handbags and accessories. Vintage and collectible items also command top dollar from niche buyers.

What sells for the highest profit margins?

Unique vintage items and collectibles can sometimes yield 1000%+ ROI. Limited edition sneakers, video game consoles, and hyped streetwear brands can sell for double or triple retail.

Should I become a professional/registered reseller?

If reselling becomes your full-time job, it’s wise to make it official. Consider registering your business name and obtaining a reseller license / tax ID for reporting income. This also allows you to buy in bulk tax-free.

How much does it cost to start?

You can launch a reselling side-hustle for less than $500. Budget for inventory, supplies, fees, basic photography equipment and shipping materials. As it grows to a larger operation, increase your investment in tools and storage.

Ready to head out thrifting? Let the tips in this guide help you score big on undervalued finds and start profiting online. With a bit of experience, you’ll be well on your way to reselling success. Happy treasure hunting!

Top 10 Reputable Forex Brokers

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these ten brokers stand out for their sterling reputations:

NoBrokerRegulationMin. DepositPlatformsAccount TypesOfferOpen New Account
1.RoboForexFSC Belize$10MT4, MT5, RTraderStandard, Cent, Zero SpreadWelcome Bonus $30Open RoboForex Account
2.AvaTradeASIC, FSCA$100MT4, MT5Standard, Cent, Zero SpreadTop Forex BrokerOpen AvaTrade Account
3.ExnessFCA, CySEC$1MT4, MT5Standard, Cent, Zero SpreadFree VPSOpen Exness Account
4.XMASIC, CySEC, FCA$5MT4, MT5Standard, Micro, Zero Spread20% Deposit BonusOpen XM Account
5.ICMarketsSeychelles FSA$200MT4, MT5, CTraderStandard, Zero SpreadBest Paypal BrokerOpen ICMarkets Account
6.XBTFXASIC, CySEC, FCA$10MT4, MT5Standard, Zero SpreadBest USA BrokerOpen XBTFX Account
7.FXTMFSC Mauritius$10MT4, MT5Standard, Micro, Zero SpreadWelcome Bonus $50Open FXTM Account
8.FBSASIC, CySEC, FCA$5MT4, MT5Standard, Cent, Zero Spread100% Deposit BonusOpen FBS Account
9.BinanceDASP$10Binance PlatformsN/ABest Crypto BrokerOpen Binance Account
10.TradingViewUnregulatedFreeTradingViewN/ABest Trading PlatformOpen TradingView Account

George James

George was born on March 15, 1995 in Chicago, Illinois. From a young age, George was fascinated by international finance and the foreign exchange (forex) market. He studied Economics and Finance at the University of Chicago, graduating in 2017. After college, George worked at a hedge fund as a junior analyst, gaining first-hand experience analyzing currency markets. He eventually realized his true passion was educating novice traders on how to profit in forex. In 2020, George started his blog "Forex Trading for the Beginners" to share forex trading tips, strategies, and insights with beginner traders. His engaging writing style and ability to explain complex forex concepts in simple terms quickly gained him a large readership. Over the next decade, George's blog grew into one of the most popular resources for new forex traders worldwide. He expanded his content into training courses and video tutorials. John also became an influential figure on social media, with over 5000 Twitter followers and 3000 YouTube subscribers. George's trading advice emphasizes risk management, developing a trading plan, and avoiding common beginner mistakes. He also frequently collaborates with other successful forex traders to provide readers with a variety of perspectives and strategies. Now based in New York City, George continues to operate "Forex Trading for the Beginners" as a full-time endeavor. George takes pride in helping newcomers avoid losses and achieve forex trading success.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button