Thrift Store Flipping On eBay $100 Challenge Turn And Burn For Profit

Aloha

Men casual shirts is where I started turning and burning
Men casual shirts is where I started turning and burning

Flipping Quick For Steady Profit On eBay

What Your Banker Pays You

So before I started selling items I purchased at local thrift stores for a profit, I did a lot of research about retirement funds. I looked at CD’s from the bank, what a joke, I had to give them at least 25,000 in return they will give me a .5% interest rate. Okay that will take me 70 years to retire that way.

Next I looked at the stock markets, day trading, long term, short term, sell short, average cost per share over long term, I was swimming in a sea of a different world, and decided before I really got started this was not for me.

Finally I looked at hedge funds. I give someone I don’t know all my money and trust them to buy and sell stocks for me. Really? Yes it is better then the bank, but far more risky. So I decided that none of these were for me.

  1. Turning & Burning For A Steady eBay Profit

    My flag business was growing on eBay in leaps and bounds. I had heard in a group on facebook about eBay live in Philadelphia PA, so I went. I meet a couple of guys that are now famous and have their own TV show, and went to their lecture on buying and selling on eBay. I thought it was a joke to be honest. I know that there is some money in flipping, but not big business. But I went home and watched the video they told me about. (check it out below) I seen it but still thought it was a gimmick. BUT I had to try it out.

    So I went to Good Will and within 20 minutes had found 5 Tommy Bahamas Hawaiian Men Shirts. (now a turn and burn brand) I was hooked, but I wasn’t ready to list the items yet. I had to do some research. So I studied and followed and read and searched. Google was my best friend. Everyone said list it, and let it sit for top dollar.

    That’s when it hit me like a ton of bricks falling from the sky. Turn & Burn as I call it. Buy it cheap make a few bucks and move on. The bank offered me nothing, stocks were risky, hedge funds paid others for your risk. So I seen this as my retirement account. If I paid 1.50 for an item and net profit after all expenses was 4.50 I made a 300% return on my investment.

    Turning & Burning took on a whole new meaning for me. The goal was to invest and cash out for a profit quickly. Which allowed for more treasure hunting. YES there are homeruns to be made. If you invest 1000.00 bucks in Facebook from day one and sat for years you probably cashed out a sweet return on investment (ROI) BUT would it be as much as some of my investments?

These guys are the BOMB

Gold Nuggets For Less

My Latest Turn & Burn Items


I love battery operated toys, probably because it reminds me of my grandfather, he would have tons of them going in the living room and my grandmother would be like Freeeeeeed turn them damn things off your giving me a headache.

I find them for 1.95, I put cheap dollar store batteries in them to make sure they work, and suggest that the new owner look into buying rechargeable batteries in my thank you note to the new owner. I am not going to say I don’t look every one of my toys up before listing on ebay, just in case I find that 100,000 dollar golden egg. (has not happen yet). But I do list them at auction for 75% of the average price of sales on eBay. 7 day auction, will run it 2 times at the same price if it doesn’t sell I lower the price by 50%. Still no sale I list it as BIN with a best offer.

I am not looking to make a home run on every sale, and if you are a reseller and steal something from me and resell it, CONGRATS, but know I made a profit as well. Which is more then I would have made leaving it sit in the bank.

There are many items you can do this with, what I suggest is that instead of trying to copy what I do, find the items that you love, and make a steady income from the turning and burning of items, while looking for the homeruns that are out there waiting for you to hit.

In closing, when I find a diamond, I am willing to wait for my price, especially if I really like the toy. But if it is just an average 2001 gemmy Animated Gorilla singing I want to bang on my drums all day… I will be happy to make a 500% return on my investment while knowing that someone will smile like I did when I watched it for the first time…

Good luck and remember turning and burning is a quick way to flip your items and may not work for everyone. But for me it is the best thing I can do to stay busy.

Home Runs Are Still Out There

But not as rare as hitting the winning grand slam in the world series final game. I have had bigger return on investments then Warren Buffet. I bought a 50 cent 2 piece LA Lakers crushed velvet sweat suit, sold with in a week for $180 profit. My wife found a purple label ralph lauren for 50 cents we sold it for 125 with in 30 days. It is okay to look for the home runs, but all they can do is sweeten your bottom line profit. If you try to build your business on home runs, it will be like waiting to hit the winning home run in a major league baseball game, not very often.

Batteries Not Included

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Comments 7 comments

NeilsHotDeals profile image

NeilsHotDeals 2 years ago from New York

I started doing it myself because my other eBay inventory has been running out. I use my phone when I am there to see if the item is worth buying for a flip


hustlinsmoke profile image

hustlinsmoke 2 years ago

Great Post but I like to do both with buy it now with best offer about 80 percent. I love the fast bucks, but I love the big bucks more.

Great post again.

Thanks

From the DirtPoorPicker


NeilsHotDeals profile image

NeilsHotDeals 2 years ago from New York

My best thrift flip so far was I got a Liverpool FC (Soccer Jersey) for $5.99 nothing wrong with it. Sold it for $30 within two hours of listing it on eBay.


angelicwarriors profile image

angelicwarriors 2 years ago from EHT New Jersey Author

HustlinSmoke there is nothing wrong with doing both, but under my challenge I need to flip often to get to a point where I am able to hold out for better money on the home runs...

If I had endless capital to work with, and storage space I may hold out for more on most stuff. My wife and I plan to do this from a motor home so storage space will be little to none...

NeilsHotDeals thanks for stopping by and sharing your experience with my readers and myself... I love my (two) smart phones to different plans so I am almost always connected to do the research.

paying 6 bucks and getting 30 bucks back is a great ROI. I hope you can share more as my project goes on...

I am hoping to do a smart phone write up soon, showing people just how I use my smart phone when looking my battery operated toys up.. will work with anything... best part is it wont cost you a dime if you have a data plan and a smart phone...


hustlinsmoke profile image

hustlinsmoke 2 years ago

Your right I did this once while traveling and yes I was turning and burning all the way and fbaing. I had a mobile printer with a battery pack which was wireless.

I have yet to use apps so hope your smart phone thing will show me some good apps cause competition is stiff out there in the summer and I need every advantage I can get.


angelicwarriors profile image

angelicwarriors 2 years ago from EHT New Jersey Author

I will start working on it tomorrow hustlinsmoke, I got i will be busy the next few days and since I am not fast at writing it will taake me some time. I will try to have it ready by the weekend.

A lot of my research is done at night, I do a lot of surfing in the category I will be focusing on... I look around the sold listings, I read different listings to see how they created them. I also love youtube hubpages and google LOL...


angelicwarriors profile image

angelicwarriors 2 years ago from EHT New Jersey Author

Hustling Smoke here is a link to the Smart Phone tips I use, I figured since it was a readers request I needed to get right on it, I hope it helps you in the future make more money.

http://hub.me/agCt4

thanks again for reading my hub...

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