2018-03-27 07:42:47 Starting a Business English Generate some extra income on your own time by flipping used furniture. Follow these helpful tips and ideas to get started, then use the... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/03/Woman-Selling-Refurbished-Furniture-Online.jpg https://quickbooks.intuit.com/ca/resources/starting-business/sell-refurbished-furniture-online/ Make Money by Flipping Used Furniture

Make Money by Flipping Used Furniture

1 min read

Everybody’s looking for ways to earn a little extra income. Flipping used furniture can be quite lucrative and may potentially turn into a full-time job. Plenty of people are happy to give away their old furniture free of charge if you’re willing to haul it away for them. When you find a piece with some life left in it, you may be able to sell it for a nice chunk of profit. After all, one person’s trash is another’s treasure.

Flipping furniture is a fantastic home business because the startup cost is fairly low, especially if you already own a truck or van. Additionally, you can make your own regular hours or simply work whenever you feel like it. It’s a low-investment, low-pressure gig with plenty of potential for growth.

If you want to take this side hustle to the next level, you can try painting, refinishing, or reupholstering furniture to make it more appealing. If you don’t yet have experience in those fields, there are plenty of tutorials on YouTube that walk you through the process. Approach it like a hobby at first, then you can resell refurbished pieces once you’re confident in your work.

To make your furniture flipping hustle successful, seek out free or low-cost pieces that are still desirable. Garage and yard sales are great places to look, or scour local classified ads and community social media pages. Take special care to watch out for pieces that are interesting and trendy or that meet a specific niche.

For example, you’d probably have an easier time selling a futuristic, bright orange couch than a run-of-the-mill brown plaid one. Fun pieces of furniture that catch the eye and have unique features are often big sellers. If you know what to look for, antique furniture is another great option.

If you plan on scaling up your business, consider renting a storage unit or warehouse space so you can store pieces while they’re waiting to be sold or refurbished. Over time, you should naturally develop skills and gain connections that help you grow. Start small with one piece, and use your profits to invest in the next endeavor and continue expanding.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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