Do you have a creative side? Do you enjoy working with your hands? Are you looking for a side hustle that is both fulfilling and makes you money? If so, then flipping furniture may be exactly what you need. Not only is it a creative outlet for you, it can also be a lucrative way to earn a little extra income.
The creative industry is overflowing with ideas, but even the most ambitious people feel like their ideas are too unpolished for the big leagues. But there is an aspect of creativity that is as important as anything else: flipping.
I have always been interested in flipping furniture. I love to browse online to see how much a piece of furniture is selling for. One day I was reading some articles about flipping and like most of the things I read about I thought it was great but I could not imagine I could actually do it.
Making money online by flipping furniture
Are you a supporter of woodworking? Do you have experience with chisels, wood, saws, and gimlets?
Then there’s furniture flipping, a profitable pastime that can quickly turn into a side business.
It’s a fun hobby in which you refinish old furniture and make it so beautiful that you can sell it!
Surprised? Don’t be that way! It is feasible to convert your woodworking skills into a lucrative side business that you may do in addition to your day job.
Let’s learn more about furniture reselling.
Read more about Thrift Store Flipping: Earn up to $133000 per year and more!
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What is the purpose of furniture flipping?
Let’s start with the fundamentals and learn how to flip furniture.
To put it another way, flipping furniture is taking an old piece of furniture and repairing it in order to sell it.
The refurbished furniture may be sold for a profit. So, if you like woodworking, you can make money from it.
Want to earn money online by flipping anything else? Take a look at some of the greatest things to flip.
What is your first investment in furniture flipping?
Starting a furniture flipping company on a shoestring budget is possible. It might be as little as $150 and still make a profit.
When it comes to furniture flipping, there are primarily two places where you should put your money. You must purchase the necessary woodworking tools.
If you’re already a woodworker, you probably won’t need to buy any new equipment. However, you’ll need to spend money on items like cleansers, paint, and raw materials.
The acquisition of antique furniture will be the most significant investment. It’s available on the internet, at thrift shops, and other places.
Check out our free class on flipping to learn how to get started quickly and profit from your first project.
Where can I get furniture to resell?
An old piece of furniture is the first item you’ll need for furniture flipping.
But where are you going to acquire it? You may purchase them in both online and offline marketplaces.
Websites and social media platforms that serve as markets may be found in online shops, such as –
- MarketPlace on Facebook
- eBay
- Craigslist
- AptDeco
- Furnishly
- OfferUp
- Move Loot… and so on.
You may also look for vintage furniture using offline methods. Look for yard sales, garage sales, tag sales, estate sales, thrift shops, flea markets, antique stores, auctions, and other similar events.
Don’t forget to contact friends and relatives who are relocating and don’t want to deal with the hassle of organizing a garage sale.
I’m not sure how much I should pay for ancient furniture.
It’s better to avoid paying more than $100 for outdated furniture.
When looking at antique furniture, it’s preferable to consider the furniture’s future, that is, how you can change it and what price you can obtain for it – unless it’s a really unique item.
Take a look at how weathered it is. To begin negotiating, take the first move and offer a low price.
What is the best way to repair antique furniture?
An illustration of how antique furniture may be restored
The advantage of repairing antique furniture is that you don’t have to be an expert at it and can pick it up fast.
Start with something basic, such as rustic farmhouse furniture, which is both flawed and fashionable. Old furniture may be painted, reupholstered, and restored.
Your first priority should be to repair typical issues such as scuffs, loose screws, and shaky feet.
Start by utilizing paint strippers to remove old paint and stains from an antique wooden furniture item.
Then, using a spirit, neutralize the stripper before cleaning and sanding the furniture.
After that, you may paint and reapply coats. Don’t forget to polish it up with wax or finishing oil.
You’ll ultimately learn how to replace furniture pieces as well as repair or recreate certain portions. To reupholster it for a fresh, distinctive appearance, you may need to repair or replace the fabric.
Tools & Materials: Furniture Flipping Essentials and Pro Tools
Every craft necessitates certain tools, and flipping furniture as a hobby or a business necessitates a few. The following are the details:
- Chalk Paint — For a simple, rustic farmhouse appearance, this is a must-have.
- Wood stains in shades of gray, walnut, and other hues are popular.
- The top coat helps to seal the paint or stain. On chalk paint, use water-based or wax sealants instead of oil-based coatings.
- Brushes — Brushes of good quality are necessary for applying paint, stain, and topcoats.
- Painters’ tripods are used for raising furniture when painting the legs.
- Sander – This is used to distress the wood for a rustic appearance or to remove unwanted stains, as well as to eliminate unevenness and stains.
- Drop Cloth – This is for the protection of your workspace’s floor and may be anything from an old sheet to a thick canvas to plastic.
- Spray Cleaner — To clean the furniture, remove muck and dirt, and so on, you’ll need this.
- Gloves – These will safeguard your hands as you work on the repair.
- Wood Filler – This product may be used to repair any dents, holes, or gaps in antique furniture.
- Painter’s tape – Especially for complex patterns, painter’s tape helps establish the limit for painting.
- Vehicle and Dolly – These aid in the transporting of both new and old furniture.
- Woodworking Tools and Supplies – Every woodcraft instrument will be required, from hammer and saw to screwdrivers and nuts, nails and pliers to chisels and wood.
Check out our free class on flipping to learn how to get started quickly and profit from your first project.
What can I get for the flipped furniture?
It’s all about selling reconditioned furniture when it comes to furniture flipping.
A piece of refurbished furniture that you initially purchased for $50 and spent another $50 on raw materials may easily fetch $200-$500.
Ideally, you should also think about how many hours you spend into the job.
Adjust the price if you’ve used greater degrees of skill and inventiveness.
However, at the beginning, you must be a bit more honest with your price in order to gain some goodwill.
However, you may eventually turn it into a full-time career, making $1000-11,000 each month.
What’s the best place to flip furniture?
You may sell your reconditioned furniture in different online and offline marketplaces, just as you can buy old furniture.
The following are some of them:
- Facebook Marketplace – Currently, one of the best marketplaces for furniture flipping is Facebook Marketplace.
- Social media is a simple method to show off your work to your friends and family.
- Craigslist – A fantastic platform for finding buyers for your repaired items.
- eBay is a buy-and-sell website that allows you to access a large number of potential buyers.
- Etsy is a platform where creative people may sell their lovingly repaired furniture.
Apart from these, there are many buy-and-sell applications like as OfferUp, Furnishly, and others where you may showcase your talent. You may also sell your repaired furniture via offline means.
Yard sales, garage sales, estate sales, and other similar events are examples. Thrift shops, antique stores, flea markets, and other similar establishments may also assist you.
Where should I keep this furniture till it sells?
Whether you’ve just bought an antique piece of furniture or have already repaired and repurposed it, you’ll need a place to store it.
Your workstation is the ideal location to keep your furniture items before and after repair if you don’t already have a business.
You may set aside a specific area, such as your garage, a storage shed, or a room in your home. You must guarantee a few things regardless of where you keep your furniture.
You must ensure that the storage space is protected from moisture, direct sunshine, rain, dust, and other elements.
What furniture should you choose and which should you avoid?
Keep the following in consideration while purchasing furniture for flipping:
Purchasing Furniture
It’s critical to understand what characteristics make a piece of furniture suitable for flipping.
- Always consider the quality of the wood you’re restoring.
- Choose items with a basic design and no complexities that may be difficult to repair.
- In the beginning, choose items with little wear and tear that are simpler to repair.
Avoid Using This Furniture
It’s also crucial to understand which characteristics to avoid.
- Avoid pressed wood that is labeled as faux wood since it is of low quality.
- At least when you’re first starting out, stay away from complicated, ornate styles.
Check out our free class on flipping to learn how to get started quickly and profit from your first project.
Do’s and Don’ts for Furniture Flipping
Keep the following pointers in mind while getting into the furniture flipping business:
- As you gain experience, start with basic furniture and easy repair.
- To show off your work, take photos from several angles and in strong light.
- Make comprehensive lists to respond to queries you’ll have, such as measurements, material, and so on.
- Set pricing depending on the amount of time, money, and materials used, but be willing to bargain.
- Store unfurnished and repaired furniture in a dry, pollutant-free environment.
Free Furniture Flipping Course
Do you want to learn how to correctly flip furniture and earn a six-figure income?
Take a look at this free class by Rob and Melissa, who have made over $133000 by turning things for cash.
Frequently Asked Furniture Flipping Questions:
What exactly is flipping?
Buying old assets for a short period of time and then selling them for a profit is known as flipping.
Instead of a broad increase in price over a lengthy holding time, price appreciation typically results from an act of renovating the asset.
Any item, even furniture, may be flipped.
Is it possible to earn money flipping houses?
Flipping furniture may be a profitable pastime if you spend enough time searching for the perfect piece at a fair price.
After evaluating how much time and resources you’ve spent in the repair, you’ll need to set the appropriate price for your restored furniture.
How much money can I earn flipping houses?
The amount of money you earn from flipping is determined on the kind of item you are flipping.
You may make $100-$200 for one item in the beginning and increase to $500-$1000 in the long run if you flip furniture.
Depending on how many items you manage, your monthly profits from flipping furniture may range from $1000 to $11000.
Is it permissible to flip a coin?
Buying and selling assets, including furniture, is not prohibited in general.
You won’t have any issues, even from the makers, if you purchase a piece of furniture legally, refurbish it, and sell it.
When flipping furniture, however, be wary of warranty concerns, trademark issues, sales tax, and so on.
What other things can I sell for cash?
Furniture is one of the most common assets for flipping. But that’s not all you can renovate and resell.
Other things include anything from secondhand books to ancient homes. You may earn money by flipping antiques, souvenirs, coins, postcards, magazines, and much more.
Where can I learn how to flip a coin?
While flipping houses may seem simple, you must master the intricacies of the job, from market knowledge to negotiation skills.
Courses are available on YouTube channels and Udemy. Platforms such as InternationalOpenAcademy.com, Teckmart.com, LostAndFoundDecor.com, FleaMarketFlipper.com, and others may help you with this.
Is it possible to scale up flipping?
Many individuals believe that flipping houses is just a pastime with no potential for profit. Even if they begin to make money, they think it will not be scalable.
You can, however, build up your flipping company since you’re the boss and can set your own pricing.
Check out our free class on flipping to learn how to get started quickly and profit from your first project.
Final Thoughts on Making Money Flipping Furniture
As a result, it’s obvious that if you have a talent for refinishing furniture, you may quickly transform old pieces into new ones.
But you don’t have to stop there; you may earn from your pastime by selling these repaired items at a profit.
It’s even possible to make it a full-time career!
Furniture flipping is a unique way to turn a hobby into a side business.
Being a creative person can be very rewarding, but it can also be very profitable. Here is a creative flip that I recently made. I flipped a dilapidated sofa for $50 on Craigslist and the rest is history.. Read more about furniture flipping secrets and let us know what you think.
Frequently Asked Questions
Is furniture flipping a good side hustle?
Furniture flipping is a good side hustle if you want to make money quickly.
Is furniture flipping profitable?
Furniture flipping is a profitable business.
How much can you make a year flipping furniture?
I am not sure how much you can make a year flipping furniture, but it is possible to make $50,000-$100,000/year.
Related Tags
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