Flipping or reselling is one of the oldest business models throughout history. From merchants reselling goods around the world to the items on stock at the store, most consumer goods you have in your home all have passed through multiple hands to reach their final destination.
And there is a reason why so many things are resold… there is a lot of money to be made in flipping items!
Today I am going to break down some of the easiest things to flip for profit. More specifically I am going to teach you exactly what the best way to flip money legally is.
Here are the top 4 easiest things to flip for profit: (I’ll go into more detail later on)
3. Cars/Car Parts
4. Real Estate
As you can see these options are fairly different and you may find some of them more appealing than others, but you can make a lot of money reselling anyone of these but they all have their own different techniques to be successful.
When choosing to flip something you have to understand the main factors that will impact how successful you will be.
Some main success factor to consider include:
Current Demand - Is there a strong interest in the product and are there enough people actively looking to purchase this product.
Upfront Cost - How much does it cost to buy the products and can you realistically afford it.
Speed of resale - How long will it take to resell. You do not want to be reselling some antique item for years because your money will be locked up in inventory and that will limit how much money you can make.
Regulations - Are there rules, laws, or regulations that limit how much you can, at what price, etc…
Now that we understand what the easiest things to flip for profit are and how to flip money legally, let’s go ahead and get started on how each one of those 6 options work.
I will rank each one of the 4 options mentioned above based on the 4 success factors
1. Tickets Summary: Reselling tickets our #1 pick for easiest things to flip for profit. You simply buy tickets that are in high demand from Ticketmaster.com and resell them for a higher price on Stubhub.com. With specialized tools you can see how many tickets are selling for any event online. Ticket Brokers tend to make 30%-50% profit on all sales which is almost unheard of in any industry! START FLIPPING TICKETS TODAY (Free Start-Up Video Training Session)
Current Demand: ⭐⭐⭐⭐⭐
Ticket demand is easy to understand because you can see exactly how many tickets are selling, how many are left, and when they will sell out.
Upfront Cost: ⭐⭐⭐⭐⭐
Tickets are fairly cheap and you can start with just a couple hundred dollars and scale up almost without limit. There are brokers that resell millions of tickets per year and make 30% profit on their sales. That’s 300k profit in one year!
Speed of Resale: ⭐⭐⭐⭐⭐
Tickets can be resold fairly quickly. Sometimes within minutes because ticket resale is almost entirely online from the comfort of your laptop.
There are very little government regulations over selling tickets online. You are not allowed to use bots to buy tickets but other than that you can buy and resell any amount you desire without any legal worries.
2. Clothing/Shoes/Watches Summary: Reselling clothes, shoes, and other accessories is a very easy and simple way to make money online. If you understand the market demand for certain brands, you can make 4 figures monthly fairly quickly. The only limitation is that you must always be bargain hunting to find good deals. From Offerup, Craigslist, Ebay, to stores like Marshall and beyond, you will need to buy physical inventory and mail it out to customers. This is unlike tickets which are entirely online dealing with PDF tickets.
Current Demand: ⭐⭐⭐⭐
Understanding demand for clothing/shoes is a learned skill but once you have it, you can be very successful as a reseller. There will always be demand for specialized clothing and shoes so this is a very secure and long term market. The best resources for reselling shoes is Stockx.com
Upfront Cost: ⭐⭐⭐⭐⭐
Some clothing items can be overpriced heavily before you can even get your hands on it. Understanding the difference between the cost you pay and the value someone else sees in the product is important. Just make sure somebody out there wants the item A LOT more than you do.
Speed of Resale: ⭐⭐⭐⭐
Reselling clothes and shoes can be done fairly quickly. The only downside to reselling physical items is that you will have to store them somewhere either in your home or storage area. Depending on the item you are selling, you can move inventory in under a few days. Many times you will have to weigh the speed of your flip to the profit you can make. Sometimes it’s better to make 2 flips for 20% profit rather than 1 flip that takes much longer for only 30%. Time and profit margin are both equally important! This applies similarly to ticket sales as well.
There are very little government regulations over clothing/shoes online. You must of course pay taxes on your gains at the end of the year, similar to any other business.
3. Cars/Car Parts/ and Real Estate Summary: Reselling Cars or Real-estate is not entirely similar but there are many factors that do overlap. You can of course make a very good profit both reselling houses or reselling cars. Some of the limitations include the upfront cost (capital intensity) along with increased regulations.
Current Demand: ⭐⭐⭐⭐⭐
The demand for homes and property and vehicles will always remain somewhat steady as it is an essential for the majority of people. This along with a high price tag gives someone with a good amount of money available to invest a great opportunity to make a lot of money reselling homes and cars.
Upfront Cost: ⭐⭐⭐
Buying houses and vehicles have daily significant upfront costs which can prevent many people from starting house flipping or car flipping simple to the capital intensity of this business. Once you can get your bank roll up to a point high enough that you can resell properties than you will already be well on your way to being a successful reseller.
Speed of Resale: ⭐⭐⭐
Cars and homes can take fairly longer to sell since they are large purchases for anyone to undergo. Furthermore there are a lot of hurdles to get over during the actual selling process such as inspections, appraisal and taxes.
Reselling homes and cars are some of the most heavily regulated industries for resellers. You must have a real estate license to sell above a certain amount of homes and you must also have a dealer license if you are buying and reselling cars without directly transferring title ownership to the new buyer.
We recommend reviewing these options and selecting the business that you think is best suited to you. When it comes to the easiest things to flip for profit we would highly encourage you to look into Ticket flipping or ticket brokering. These are some of the standout reasons we ourselves choose to flip tickets:
You can resell tickets from your laptop and it is as easy as uploading a PDF you purchased to another site and selecting a price.
It is by far the most predictable business because you can see how an event is performing in terms of sales prior to even buying tickets for the event.
You can start off with just a small investment and reach over 10k in profit per month in less than 6 months. To learn more about ticket brokering and get started today sign up for our Ticket Flipping Introduction Session here (100% FREE) https://ticketflipping.com/ao-webinar