Rob and Melissa Stephenson from Flea Market Flipper launch a six-part series on how you can make your first $200 flipping.
Download These 47 Household Items To Resell TODAY!
Check out our FREE Workshop: https://courses.fleamarketflipper.com/flipper-university-workshop-webinar
You can find us at: https://fleamarketflipper.com/
Reseller Hangout Podcast -How To Make Your First $200 Flipping Part 1
Rob: What's up, guys? On today's episode, we are kicking off a six episode series.
Melissa: In the next two weeks we want to help you make your first $200 by flipping items.
Rob: All right guys, Melissa and I are so excited about this series. We want to do six episodes on how to make your first $200 in flipping. And maybe you're here saying, hey, I'm already flipper I don't need to make my first $200. Guys, listen to these episodes and take some of this away from it. And you will be able to get some good nuggets to be able to implement into your business as well.
Melissa: We're going to have action steps at the end of each X episode for you to go do something, something small. That's why we broke it down into six episodes because it's just something small that you can do and still make strides towards those little small wins to get to $200. So by next, by the end of next week, you can do it.
Rob: Love it. So check it out, the first training that we are doing is actually cleaning out the clutter. So this is where we are going to go and find some of the stuff that you already have in your house. You're not going to go source it through stores. You're not going to source the apps. You're actually going to look at some of the stuff that's in your house right now that you can get rid of and turn around and make some money on that item or those items.
Melissa: What do you mean? Who has clutter in their house?
Rob: Americans have so much clutter. So if you are an American, almost everybody has extra stuff.
Melissa: I don't think it's just Americans. I think it's a lot of people.
Rob: We could say, almost everybody. I know we have a lot of stuff in our house that we could actually go in and do it. Now you guys might be saying, okay, I don't even know where to start.
What do I do? Check it out. Just start thinking of some of the stuff that you have in your house that you haven't used in the last six months to a year.
Melissa: That's a pretty good rule of thumb that you're not gonna use it again, if you haven't used it in six months.
Rob: We'll give you a couple of ideas of where to look, maybe check your attic.
Do you guys have stuff in your attic, from your kids who are 20 and 25 years old, but you got some of their toys, their old bikes or stuff. Some of that stuff might be worth a lot of money right now.
Melissa: I remember, Brandon and Stephanie, when they first got started with us, they, found all those matchbox cars under the bed.
I think she said, and they made like $350. Yeah. So that's pretty cool because you never know what you have sitting under the bed, in your closet.
Rob: In the pantry, in the garage, in the attic, in the laundry room, wherever at guys. Just think about some of that stuff that has gotten pushed back into the back of the closet, or, you know, up in the pantry, maybe it's one of those, a bread machine that you had great intentions of making bread and you didn't do it.
And it's been in there for a couple of years, pull some of that stuff out. That is the kind of stuff that we want you guys to pull out, that you guys can actually sell, because it is just in your house and it's taking up room right now and you're not using it.
Melissa: One thing to think about too, is that when you think about all these places that you might have things, you might have things in all of these places that you can sell, which is cool cause you have a lot of potential there, but it can also be overwhelming. So don't try to go and do all the things all the time. So like don't try to declutter the whole house at one time. So pick a spot and go through that spot one at a time. So you don't want to get overwhelmed.
Rob: And limit it to three to five items.
That's all we want you guys to find is three to five items that you can sell, the items that you have not used and maybe even say, even a year, a year, over a year. Any of those items that you have not used in that long, you can actually pull them out and we're going to actually work on those for through this next series.
We want to be able to get those ready. We want to get them listed. We want to do all that stuff. But the homework this is what we're doing.
Melissa: The first step is to go find those items.
Rob: Absolutely. So go through, take inventory, write it down, figure out what you can pull out that you guys can actually sell.
And like we said, there's so many great places all around, that you guys can go through and find those items that you have not used in the last year.
So what are some things that we can look for that might be, cause you know, some things, some things might be junk and some things, are, you know, they're not worth reselling, so they might be worth donating or throwing in the trash.
Melissa: So what are some of the things that might be worth actually listing?
Rob: Go through your closet. Do you have clothes in your closet or that are brand spanking new all the way in the back of the closet that you might not fit into for whatever reason? Even if it's not brand new, but it's nice. You might be able to pull out some of those clothes, some of those shirts, some pants.
Melissa: Brand names are always really good for jeans and any, yeah, anything and you know what you paid for it. So, you know, if you paid a lot of money that it's probably worth a little bit, so you can always check it on, comps.
Rob: That's it. Shoes. Do you have shoes in the back of your closet? You have not worn in a long time. Maybe you can pull those out. That's yeah, closet, I mean, just think of some of that stuff that you have not used in a long time. The garage, let's jump over to the garage. Do you have to have those tools in the garage that you bought with good intentions to use, but you haven't used it and you most likely won't use it?
Pull some of those things out, or even maybe you have some stuff stored in the garage. Maybe you have some baby items, strollers, car seats, some of that stuff, that you have had stored, car seats, a little tricky because, if it's been in there for 20 years, it might be out of date and you might not be able to do a car seat.
But typically strollers, you could use a stroller, a jogging stroller, push stroller, an umbrella stroller, something like that, that you have not used in a long time because the kids are older. Now think of some of that stuff that is in there that you guys can pull out and use. For sure.
Melissa: One thing I would also say is that we want to look for stuff that, well, I'll backtrack a little bit, so a great way to start doing this and declutter.
This is what I do every time I go through the house and just trying to clean up and kids bring in a lot of stuff. So somehow they end up with a lot of stuff. So I I'm going through their room more often than anywhere else. But I will take three boxes, four sometimes, but, and I label them. So I usually have three boxes and like a trash bag.
So one of them is I'm going to put these items in a donate box. So they're not really worth, you want to really have an item that if you were looking to sell it, it needs to be at least $20. Like you don't really, it's not worth your time to list anything that's under that. So we're gonna look for items that are at least worth $20.
So I put anything that's under $20 that I no longer need or want in the donate box or if you are going to have a yard sale and sometimes that's an option too. You could put it in a yard sale box. So this stuff, we're just going to have the yard sale.
Rob: Yep.
Melissa: And then the other items that are over $20 can go into the listing box, wherever we're going to list them.
And then the other box or bag is trash. So that way you just keep staying organized as you go through a room. And it helps you sort through the stuff.
Rob: Yup. And this does go a little bit more with decluttering. Now, you don't have to go to that extent right now. You can definitely just look for those items or find those items if you're not totally decluttering the kids' room, your room, whatever it is. But that is a great practice. If you can do, like Melissa said, we do this probably twice a year that she'll make these boxes up. We'll do a yard sale at our house. And what we'll go through and we'll, you know, distinguish which one of these boxes we're going to put stuff in a yard sale.
We're going to have a bag to throw away stuff. We're going to have a bag to donate and then a bag that we might sell online or something like that. So those are the three.
The stuff that's worth a little more.
Yes, those are, those are the three major categories that we will have. So you can, if you're ready to do that. Awesome.
Melissa: And it's almost yard sale time too.
So it might not be a bad idea to to think about.
Rob: Absolutely, we make quite a bit on our yard, well, we make usually between probably $500 and $1,000 when we do a yard sale. Once or twice a year, we'll try and do it just to declutter. It's pretty much that is all it is. When we have young kids, they go through their toys.
They're done with toys. We can get toys out, sell toys. I go through my garage, I get through rid of some stuff that I haven't got listed. We'll pull it out there. We'll sell some stuff, but typically seven, I would say even our last two, I think we made right under a thousand dollars. So you have that option as well.
But our main goal here is find those three to five items. And like Melissa said a good thing is anything under $20, might not be worth for this project that we're working on right now.
Melissa: And we're not talking about retail $20. We're talking about that it's worth $20 now. So for the most part, you should know what you paid for it.
Or if you didn't don't know and you, you can always look it up and see what it's going for retail. A good rule of thumb is you might get about 50% of that. And I mean, it's give or take condition and whatnot, but that's kind of a good rule of thumb is you should, you could get about 50% of retail.
I mean some things obviously, if it's collector or vintage that have their own prices, it's kind of like, that's different. So, but that's kind of our rule of thumb that we go with.
Rob: Awesome so homework, I was just gonna say three to five items. Guys, we want you to do that before the next episode. We want you to come up with three to five items that you can pull out that you can resell.
I personally, would I, I mean, I would say probably 50 to a hundred dollars. If you can find those items that you think you can get that for. That's really, really going to be a key is to find some of those items that are just sitting around that you can make that money on.
Melissa: Yep. And then we also have a list of 47 household items to resell.
So you can go download that for free. We'll put the link below in the show notes. So you can grab that just to give you some more ideas. Maybe you did think of something and I mean, we just, we rattled off a couple but there's so many things there that you could potentially sell, so you can go grab that sheet and, and, yeah.
So we'll see you on the next episode and let us know if you did your homework.
Rob: All right. We'll talk to you soon.