Flipping: How I turned $20 into $50,000
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- čas přidán 11. 02. 2021
- I turned $20 into a $50,000+ side hustle by buying and selling things online, and you can too!
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#flipping #sidehustle #financialindependence
I’m terrible at selling. I usually just want to get rid of stuff, that I sell it cheap. I know a couple of people that can flip products and I admire you all. Keep up the good work.
Same
Same
Same
Thanks!
Same
I don’t buy & sell, I find & sell. In my apartment complex people are always leaving stuff at the dumpster, I just bring it home & flip it! It’s not a lot of money at all but I get a little dough while connecting things that almost went into the land fill with the people who need them.
I live in an apartment too. I collected a few old broke laptops. I don't know whether anybody wants them
@@MAbdullah-zr9kc you could probably sell them for parts
I had a similar start up. I had £30 & brought 10 plain white t-shirts. I got out my paints & did some stencil designs. They all sold for £10 each. 300% profit on everything I repeated the process for years. It quickly got to 500 t-shirt sales per week & evolved to other clothing. The best days of my life. 😊
I’m that lazy sucker that sells stuff at a ridiculous price because I am impatient to get it out of the house! I am fully aware that people might resell it, I just can’t be bothered… until this video!!! Lol I might be more patient now! Thanks Nicole!
Thanks for sharing. I also flip as a side hustle. I started with extra stuff I had around the house. Then I started buying stuff at thrift stores and selling for a profit. I have made thousands over the last 4 years by just listing 5-10 things a week. What worked well: furnitures, xmas tree stands, curtains and rods, small electronics, small appliances, wood outdoor furniture (I just do a quick sand and stain), outdoor tools, snow boots, large baby items like minikitchen or slide, lego/tous/kids bikes, snow pants, kids floating jackets, boardgames.
Just an fyi, I’m binging on all of your videos….. I’m a newbie and I’m hooked !!!.
Wow, I love watching your new videos and seeing how you are exactly the same authentic self even when you first got started. Great job Nicole! It’s crazy how we all get started.
Love this video. A couple of months ago I picked up a free wooden dining table. Fixed the table legs, gave it a nice white colour and someone picked it up for €60,- 🤩 I enjoyed the process too and it felt so good to fix something that wasn't that functional or beautiful anymore + give it a new life with someone 🙌🏼
I started selling on eBay because I would find really cool items secondhand. I spent a lot of time researching things. Like, a lot a lot. I learned that this advice is very true, start with what you know. For some things, knowing about an item takes a lifetime of knowledge. Like coin collecting. Or stamps. Dolls. Etc. I sell mostly jewelry now. Because it's always been one of my favorite things and it's SMALL.
eBay fees makes it harder to sell stuff at a decent price.
Fabulous - love to see more - will check out other videos - thanks for being so transparent and motivating!
Thanks Nicole, As a fellow cheapskate, I have to admire your resourcefulness. Been doing this for years as a side hustle. I rarely ever use my bank card, Just pay cash for everything. Once I found a really dirty beat-up bike in the garbage container in town and I removed the front and rear wheels, thinking I might be able to save the rims, but after a closer inspection, I saw the tires were good too, So I just cleaned it, treated it with armor-all so it looked almost new, than sold it in one day for $160- Cdn, Someone from another city drove here to pick it up and paid full price for it, I am really good at selling and marketing , also good at photography and image editing in Photoshop, so I edit every single picture I post on marketplace. Most of the time I have a few hundred $$$ in my pocket, but I still make my coffee and don't spend senselessly. It's all about discipline, that most ppl don't have.
Yes! Please make more flipping videos! Working towards FIRE too... long way off for me. I have been selling all kinds of extras from my house- furniture and kitchen stuff. Some things sell great, others not so much... Always wanting to learn more! :)
Like you, I flipped a bunch of stuff over two years time and bought the Jeep I always wanted. It wasn't new, but it wasn't old either. Paid $29,000 cash. I still have it. And it was all made possible from flipped items.
I'm a car nerd and I do Hot Wheels and model cars because I collected them since I was a kid. I once turned a 50 cent thrift store motorized Hot Wheels car into $5. I can kinda relate.
Glad it worked out for you. It never worked out for me. I think the market is saturated with people flipping. They want way more money than the item is worth. Or if your selling they almost want it for free. At least than was my experience.
It depends what the people are like where you live. When I lived in Australia, flipping was easy in Sydney and Brisbane. Now that I’m back in England in my home city (in South West England), everybody wants things for free. Anything I’ve sold on eBay in the UK has been sold to people all over the UK, except from any city in South West England. They’re all tight fisted.
@@thebritishindian1 In Europe we tend to spend way less..
Nicole I’ve only recently found your videos. Thank you for sharing your thoughts and opinions you are so brilliant and I like your style.
I’m going to a second hand market tomorrow. I will definitely look for stuff I can sell with a profit! Thank you for this video!
Saving this for later. Adding to my Watch Later for sure. Thanks girlie. 😊 New subscriber!
Really interesting and yes please, more of your selling journey would be great to see!
30 years ago my mom needed extra income, she’d go to all the garage sales and buy a bunch of stuff, then take the stuff to the swap meet, and sell the stuff double or triple and made a nice profit
Thank you for sharing your story!
$50000 in 4 years is awesome! Not too far from a living for some of us.
Thanks for sharing Nicole! I used to flip wii fit boards & replace parts for xbox 360 controllers on eBay as a kid
Thank you love this really inspired me ♥️
I got a box of industrial equipment from a russian guy in a flea market. Most of those New Old Stock things. Bought the whole box for $50, made about 3k proffit.
Hi thank you so much for another great video, I’m not good at selling but I’m really interested in starting doing what you did, I would really appreciate a step by step guide so I can make some money too
Have a blessed day
Thanks again 😊
I love your videos! Thank u
I just give everything away haha. I can't be bothered having to deal with people
Excellent work!
Be prepared to deal w/alot of flaky people, alot of no shows, and waiting for people....plus be prepared to have rm to store all this stuff that u hope will sell....
Damn Nicole your a ice cold Hustler 😅out here making moves.
You get me so excited!!!!
Thank you! I’ve actually done this on a really small scale and it was a bit of fun. I got a new badass bike from picking up free bikes and then cleaning them up and selling. Also have a nice car rack that I didn’t pay for. 🙃
My next thing, I picked up a set of waders for $5.00. I’m unsure if they work well or not but I’m going to try to upsell them.
Glad for you !👍
I fw you , you raw asf
Great video 😀
Yup its addicting, I am not as busy at the moment but I go through spells of moving alot of items that I don't want it to stop. I usually find free items , clean them up ( maybe ) and resell.
🙂 Great Stuff, would love to hear about your other tips on looking for deals to flip. I have sort dabbled a bit with the concept. However, where I live the second hand market is not that of Canada (I am a CDN expat living in Europe) but willing to try..Thx in advance and keep up the great videos....
I’m sure you’re 2 million subscribers ( well you should have that many 😁) would love more details on the item ladder you climbed.
Where do you source your items from ? Craigslist ? the local thrift shop ? where do you buy your items from ? Great video
what app do you use to track finances?
Fun and inspiring thankyou
Great moving
Amazing video.
Well Done.
Groovy video 🙂
Just about to launch my eBay biz! I’m so ready!
Excellent. This is actually how stock dealing works and you can make way more money.
I tried it in 2021, by selling think I didn’t need around the house but sold by the price I bought it inicial or for cheap ,and made 20€ but a lot I needed to sent by mail and it took up half to 1h in the mail to send it so I broke even and spent the 20€ buying other stuff, but learned that people buy the “ craziest things”, maybe I should try again😂
I also stumbled upon flipping years ago, and found that, albeit not for everyone, that joining a cook group which charged a monthly premium turned out to be very beneficial and profitable investment in the long run. Ofcourse it depends on the kind of group you join too and individual experiences may vary
What’s a cook group?
That’s a damn interesting story! I mean that!
Do you declare anything?
I'd love to see more flipping tips that doesn't involve owning a vehicle or muscles.
There are online thrift stores you can shop on and resell those things
Not the IKEA moment!! 🤣
Here in lower 48, The " Eternal" Revenue service is looking at Everyone and Everything - We must be ever " Wary" ..............
Like to see more on selling ty
Which apps or websites did you use to buy and sell? I don’t have Facebook so, that’s out of the question lol
I've only flipped few times unintentionally. Got a free beaten up antiqueish office drawer/desk when moving into a new house. Put it up for sale for £1000 as a joke. Somebody bought it...
and bought a graphics card just pre shortage for £150, used it for 3 years and sold it for £350 after.
What apps was she using?
You dont say how much you bought the 2nd guitar for?
Clever girl :)
I do a little of the same thing. But I start off with free stuff.
Tax free too!
I'm flipping iPods lol
6:17 "butt" lol
So like, how does one address these profits in their taxes?
Don’t know about America, but here it goes on the line for self employment income.
taxes ?
I need clarification. There is nothing wrong with buying a new car, it's wonderful. But, I thought frugal you wouldn't buy a new car because it wasn't important. I am glad that you did realize rewarding yourself for being clever is a great way of being self encouraging.
As they used to say, "Happy Motoring".
Canadian money is so pretty 😄
We get taxed out the ass for everything. They want a carbon tax and now a rain tax lol it's getting ridiculous.
Hello Nicole:) I stumble upon your channel and I couldn’t believe it. You are putting in videos what I’ve been thinking and living for the past years too. I often have a hard time to clearly express some of my thoughts and I’ll share your videos now instead. HOWEVER, I do not agree with this video, even toh your profit is amazing…. Imagine if everyone start doing this…. then you came up with a marketplace full of use crap almost same price as new.
This is really popular in Montreal now. People even sale UsED ikea furniture at same exact price that new saying that they built it so it’s a hassle les justifying the price :/
Some people are not handy at all. You can charge to assemble IKEA furniture. That in itself is a side hustle for the mechanically inclined. 👍🏻
@2:49 The rehash of the text conversation. I'm ded y'all!
Lots of hidden fees with ebay, which is now owned by Amazon.
🙌👊👏
You should make a video of you playing guitar.
I was wondering, where do you meet up with people. I am not sure if I should ask people to meet up at some random location or come to my house. I'm not sure what random weirdos might show up at my home.
Good point! A public place like a coffee shop, bank lobby, public library, or even a police station is always a safer choice for small valuable items. Exercise common sense but no need to be paranoid.
I used to meet people at Starbucks, McDonadold's, and the like.
don`t you have to pay taxes for doing this in larger scale where you live? Like register a company for it, since you are reselling stuff with the purpose of profit.
You don’t have to register a company, but yes it is taxable income.
I'm literally cursed at selling , learned this when I owned a business and many tries at ebay , funny enough I'm able to sell things for other people just not my self lol
#cashISqueen
*how I turned $20 into a hazbin hotel animation’s worth of money
You looked scared on the image for this video and it made me wonder if this experience of making 50k was a horrid experience lol!
If im not mistaken the clips should be way shorter to avoid copyrights issues with youtube and from taking down your videos.
ferengi nicole
Open a pawnshop.
It looks like 20 pounds tho because there is British queen on it :D
That’s what Canadian money looks like because Canada is a part of the UK Commonwealth so technically, the Queen (now King Charles) is the head of state. It would be awesome if the Canadian dollar was worth even close to a pound sterling because we’d be rich. Mwahahahah 😊
Shhhhhhh lol
Like you a lot, but tell me you did not buy a NEW! car.
fliping stuff dose not realy work , try to sale a bike got 8 mesages from scamers only , and on guitar stuff you will be able to sale only if you have wery low price like you are saling a 200$ gutar for 50$ try to sale it at 100 nobudy will bite , , photography ,phone and computer depisiate so fast you aways sale at lost ,
Dude I watch until half this video hoping it was satire of all the scammers that want you to sell Chinese crap
At 25 seconds in, I am laughing and really into u. "no scam, nothing to sell!!!" So funny!! ... Not laughing now, but since this is your first vid? I guess you have learned a lot since these baby face fresh days when the world was young. If (just saying if you were IRS revenue agent) we must report 100% of our worldwide income) we don't recognize our expenses, in our activities, the tax bite will hurt that much more. But what of the time? of research, of communication, of driving, of picking it up? Surely. There is more to life than working? oxxxxo, your summer home in Sunny Mexico. (Pacific Side where it is warmer)
Kinda cool in the short term, but sooner or later it hurts everyone. Getting deals at second hand stores have definitely been affected. Poor people end up without. And as far as flippers go, when everyone's doing it, it loses it's shine.
Really though, it's all just a sign of a declining global economy. The milk of human kindness evaporates one inflation point at a time...til we're back to bartering our gold teeth for bread, like the good old days.
PS!!! It is a holiday weekend!! Stores are closed FRIDAY. Must go to store to get beer and other alcohol to provide for my 1000s of party goers at my beach house.
Forgive me but this is like buying tickets for a concert and reselling them for a higher price. NO difference. I sold many items especially baby items after having my son. I always tried to put fair price or even below for somebody who cannot afford nice things for their baby. I used things lightly for the same reason = so somebody after me can use it too for a cheaper price. And you here are telling me that I helped people who make business out of it while I thought I make a good deed? I admire your business spirit but I am disappointed in you for this is overall like selling tickets for a higher price or like being a real estate agent extorting money for nothing..just because you can.
Flipping may be what they need to do to get by...they may have children pets family etc they need to support or just needing it for themselves. All businesses involving sales does a variation of this charging more than the base intial price of the item; this is why so many people can earn a living on this planet. Would you rather only the people who manufacture the item be able to make a living? The amount of unemployed people would be out of control. If you want to do a good deed look for someone who needs help, confirm they need help then help them no strings attached. If they're paying you its not really a good deed; I sell items cheap too; I never considered it a good deed...
Maybe you can spend it on a haircut.?
My wife bought me a 2019 iMac by mid 2023 it would take a very long time to turn on(Half an hour) so I decided to sell it and replace it with a Chromebook. I posted it on Facebook narket place and the same day some one offered me $450 cash, Went to Best Buy the next day and bought a demo Chromebook for $400 I convinced them to throw in an extra year of warranty for no cost to me, The Chromebook new in a box was selling for around $700. I like the Chromebook way better than the iMac, Honestly I no longer believe Apple products are worth it way overpriced for what you get.
Agreed; not as intuitive to use compared to windows either. Great marketing and look, but horrible value overall. I will never buy mac again.
All while
LIVING WITH PRENTS 🤭
Where are you getting these deals “online”? CL sellers are notoriously delusional.