🤑 Thrifting Your Way To Riches?

A couple of days ago I got recommend a video on YouTube that led me down an interesting rabbit hole.

And here’s what’s weird - I knew that this is a thing, but I had no idea the profit potential could be so massive.

Flipping Thrifting Finds

Let me start by saying that I don’t know if this side hustle is something that can be done outside of the US.

Here we have loads of thrift stores and flea markets where Americans donate their shit and it gets resold for cheap.

So, here’s the breakdown of this - you go to a thrift store (like Goodwill) and look for items that have a good resale value on things like eBay.

The first video that popped up on my feed was the latest one by this guy.

He used to be a public school teacher and quit to do this side hustle and now he makes more money than he used to.

His rule is to only buy stuff to flip where you can make at least $20 profit. (at I think that was him…I watched a lot of vids on this topic)

Once I finished that video, I was recommend this one about a guy who is a multi-millionaire from doing this shit. Though this guy seems to work 40+ hours a week on this.

So insane, right?

He’s also got his own channel and his latest video is on how to make $100K a year doing this.

I find this fascinating, though I’m not sure it’s something that I’d wanna do.

My main concern here is do these people ever end up bringing bed bugs into their homes & cars from buying all this shit at the thrift stores?

Cause let’s face it, thrift stores and the things they sell aren’t exactly known for their cleanliness and sanitation.

I also wonder how much time is spent doing the “admin” things here - listing the items for sale, responding to questions, packing it all up, taking it to the post office, etc.

I’ve sold clothing on eBay in the past (when I had something valuable that I no longer wanted/needed…like when I stopped having a day job and no longer needed a professional wardrobe) and it is a pain the ass. People ask the dumbest shit and want you to do things like measure the length of the arms or the legs of clothing.

But what do you think about this?

Like I said, I do find it fascinating and I guess it’s something good to keep in the back of your mind incase you’re ever in a shitty financial situation and need to make money. The multi-millionaire guy said he got started with just $35.

Anyways, I’ll be out of town most of next week and have a couple of people taking over writing the newsletter….and ONE of them will be talking about flipping stuff online…though not quite the same as I’ve talked about today.

I think you’ll really enjoy it, so watch for that next week!

Coming up…

More on what I’m working on and how it’s going.

Stay awesome,

Shawna

P.S. If you’re looking for high level discussions or tips on things like local SEO and Rank & Rent, I highly recommend Jacky Chou’s Advise community. I’ve been in it for several months and there’s tons of value in it, including a SOP for local SEO.

Some links may be affiliate links. I 💖 you if you use one!