Best Side Hustles for Flipping Products
Flipping products has become a lucrative side hustle for many Canadians.
With minimal investment and the right strategy, you can turn this hustle into a profitable venture. Here’s a list of the best side hustles for flipping products, complete with brief descriptions, income potential, and links to get started.
Furniture Flipping
Transforming old or used furniture into beautiful, functional pieces by repairing, painting, or upcycling. This is perfect for creative individuals with basic DIY skills.
Income Potential:
$200 - $2,000 per month, depending on the volume and quality of furniture flipped.
How to Get Started:
- Visit Kijiji or Facebook Marketplace for free or low-cost furniture.
- Learn upcycling techniques on YouTube.
- Sell your revamped furniture on marketplaces like Etsy or local platforms.
Book Reselling
Buying books in bulk from thrift stores, garage sales, or online marketplaces and reselling them for profit. Rare or collectible books can fetch higher prices.
Income Potential:
$500 - $1,500 per month, depending on sourcing and demand.
How to Get Started:
- Source books from Value Village or library sales.
- Use platforms like Amazon or AbeBooks to sell.
- Check book values using apps like ScoutIQ.
Clothing Resale
Flipping branded or vintage clothing by sourcing from thrift stores, outlet sales, or liquidation websites. Fashion enthusiasts can excel in this niche.
Income Potential:
$300 - $1,000 per month, depending on trends and inventory.
How to Get Started:
- Source items from ThredUp or Plato's Closet.
- Resell on platforms like Poshmark or Depop.
- Learn to identify high-value pieces through thrift hauls on YouTube.
Electronics Flipping
Buying pre-owned electronics, repairing them, and selling for a higher price. Common items include smartphones, laptops, and gaming consoles.
Income Potential:
$500 - $3,000 per month, depending on repair skills and volume.
How to Get Started:
- Find deals on eBay or Craigslist.
- Use iFixit for repair guides.
- Sell on platforms like Swappa or Gazelle.
Domain and Website Flipping
Purchasing undervalued domains or websites, improving them, and selling them for profit.
Income Potential:
$1,000 - $10,000 per month, depending on the domain or website's marketability.
How to Get Started:
- Use platforms like Flippa to buy and sell.
- Learn SEO and web development basics to increase website value.
- Research trends in domain names using tools like GoDaddy Auctions.
Toy Flipping
Sourcing collectible or rare toys and reselling them at higher prices. Popular during holiday seasons.
Income Potential:
$300 - $1,500 per month, depending on demand.
How to Get Started:
- Find toys at garage sales or discount stores like Dollarama.
- Check toy values on eBay or Amazon.
- Sell on Facebook Marketplace or Mercari.
Antique and Vintage Flipping
Sourcing antiques or vintage items and selling them to collectors or enthusiasts. Items include jewelry, home décor, and collectibles.
Income Potential:
$500 - $2,500 per month, depending on expertise and finds.
How to Get Started:
- Visit flea markets or antique shops.
- Authenticate items using resources like WorthPoint.
- Sell through Etsy or Ruby Lane.
Sports Memorabilia Flipping
Selling collectible sports merchandise, such as trading cards, autographed items, or vintage jerseys.
Income Potential:
$500 - $5,000 per month, depending on rarity.
How to Get Started:
- Buy items at auctions or sports conventions.
- Authenticate items with PSA Grading.
- Sell on eBay or sports-specific forums.
Home Décor Flipping
Buying and selling home décor items, such as mirrors, wall art, or seasonal decorations. Upcycling is a plus in this category.
Income Potential:
$300 - $1,200 per month, depending on trends and creativity.
How to Get Started:
Bike Flipping
Purchasing used bikes, refurbishing them, and selling them at a higher price. Ideal for mechanics or cycling enthusiasts.
Income Potential:
$400 - $1,500 per month, depending on volume and condition.
How to Get Started:
- Source bikes from Kijiji or local classifieds.
- Use bike repair tutorials on YouTube.
- Sell through local classifieds or cycling groups.
Final Thoughts
Flipping products is a flexible and rewarding side hustle that can suit a variety of interests and skill levels. Start small, focus on a niche, and gradually scale your efforts. The potential to earn a steady income is within your reach with the right strategy and dedication!