When it comes to side hustles, flipping is certainly one to consider! Flipping does require a keen eye and some occasional DIY skills, but can be a great way to earn some extra cash and fulfill some of those 'shopping urges'! On this episode we explore the best places to buy, sell, and what to look for to get the best return on your money!
ANNOUNCEMENT: Frugal Friends Meet Up TOMORROW in Washington DC, Sept 7 @ 5:30 at Kalorama Park
Sponsors:
Rakuten: We love and use Rakuten all the time so we wanted to give them a shout out. If you’ve never used it, Rakuten is a shopping portal where you can get cash-back on purchases from your favorite stores. We use it for Groupon, Amazon, Walmart, travel sites and more. And, if you haven’t tried Rakuten yet we’ve got a $10 welcome bonus for you on your first purchase of $25 or more when you sign up through frugalfriendspodcast.com/rakuten
Buying and Selling: The trick with this sponsor is the selling part. Most of us can get on board with buying - but the payoff comes from selling that thing or something else at a greater amount than your purchase. This comes in handy when trying to avoid hoarding, when attempting your hand at a side hustle, or when trying to get your spouse off your back about all hobby equipment you’re purchasing - ‘don’t worry babe - I’m selling other stuff’ - buying AND selling saving marriages and bank accounts since the beginning!
Notable Notes:
What the Internet has to say:
This article from Online Selling Experiment gives us a run-down of all the places to find cheap or inexpensive items that could be flipped!
What Jen + Jill have to say:
These are the best places to find inexpensive items:
Where to sell:
Something we love about flipping is you can start at any price point; any amount of investment can work!
Try out a “flipping challenge” - start with 5 things you already own to sell for ‘seed money” and go from there
PITFALLS:
More from the Internet:
This article from I Like To Dabble outlines the easiest items to flip and what to look for when buying and selling
More from Jen + Jill:
Things to consider when flipping:
Items to flip:
BILL OF THE WEEK - Thanks Kristy for sharing your your bill with us! We love learning about your rescue “Willy”! Thanks for calling in from Austrailia!
Lightning Round
Our flipping fails and triumphs:
Jen:
Jill :
Check out this course from Flea Market Flipper if interested in pursuing this as a side huslte!
Frugal Friends Book Club:
It’s September and this month’s frugal book club book is The Minimalist Home by Joshua Becker!