Flipping for Profit: What to Buy at Yard Sales

Posted on 07/01/2013

Summer is the season for yard sales. People all over the country haul their clutter out to the curb and sell it for pennies on the dollar. It's a great way to score bargains, but have you ever thought of flipping items for profit? Here are the best items to keep your eye out for at area yard sales.

Furniture usually goes very cheap at yard sales. Don't be afraid to negotiate an even better deal from the seller. Once you get the item home consider putting a small amount of work into cleaning, painting or staining the item. Snap some nice photos and list it on Craigslist for the best chance of making a profit.

Download the free Price Check by Amazon app and use your Smartphone to find out what used books are selling for on Amazon. What your neighbor is selling for a quarter could net much more on Amazon. Opening a seller account on Amazon is easy and free for the first month.

Anything in the Box
If something is still new in the box you'll have a great chance at selling it for a profit on eBay or Craigslist. This is especially key if it's a vintage item. So even if it's a product you're not interested in there's a good chance someone else is.

Vinyl records, old Barbies or vintage baseball cards can all have the potential of being moneymakers. Bring along your Smartphone and be prepared to do some research on the fly. If you think it's worth the investment, list the item on eBay for the best shot at making money on collectibles.

Find a Niche
It's hard to be knowledgeable in every area so just try to be an expert in a few of them. Find out what makes pottery, glassware or costume jewelry valuable. Then keep your eye out for those items. When you know what to look for the amount of risk you're taking drops and hopefully the amount of money you're making from flipping your yard sale finds increases.

By Alison Storm

Save big when you shop at Ross-Simons. Use coupon code CLEARANCE to save an additional 20% off clearance items and 25% off all regular-priced items. Offer ends 07/07/2013.

* Hot deals expire quickly. This deal may no longer be valid.

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