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FAQs

Can you really make money thrifting? ›

Thrift store flipping is a great hobby that can generate some revenue, but you will need to scale up if you want to make more money in the long run. This is where retail arbitrage comes in. You can generate income and build up your Amazon feedback and brand reputation using retail arbitrage.

Vintage Clothes Are Among the Best-Selling Items

Reselling shoes and sneakers, vintage jewelry and accessories, but also, kitchenware and entertainment products can also be very profitable.

Many people are selling things from their own closets or homes—or reselling items they source—to earn extra money. It's important to research pricing and take expenses such as shipping and fees into account to be profitable. You also must keep careful records and pay taxes on your net income.

The process can be relatively simple, beginning with researching local thrift stores, purchasing items you know to be of interest and worth more than the store's price, displaying and marketing these items online, and eventually selling and shipping them.

It's a legitimate business, Smith says, and one that takes considerable effort. “It takes a really good eye to find pieces that are good enough to sell for that much,” they say. “It takes a lot of work, a lot of patience, and a lot of dedication.”

Depending on the city, you may want to bring about $30 to be safe. Clothing these days at thrift stores are good quality and a lot of stores are using color charts and trends to keep the stores spruced up. I say this to say don't panic about prices but don't be shocked if you do find a shirt that cost $5.00.

U.S. consumers most commonly buy Clothing second-hand followed by Shoes, while they are least likely to buy Stationery & hobby supplies second-hand.

Things like freelancing, social media marketing, answering surveys, and proofreading for other small businesses are pretty easy side jobs from home that can still turn a nice profit.

What can you resell for a lot of money? ›

Baseball and other trading cards are some of the best things to purchase and sell for profit. With hundreds of thousands of baseball and sports lovers around the world, they are a popular collector's item. Rare or autographed trading and baseball cards can sell for thousands or even millions of dollars at auction.

Thrift stores are one of your best options for finding items to flip. You can go to one location to find a wide variety of items, plus most are relatively cheap. In addition, most thrift stores expect flippers to come in, so they won't bother you while you're deciding which items to buy.

A lot of people don't know this, but you can buy inventory at thrift stores and resell it on Amazon or eBay for a profit. You can start with the big stores and then explore from there. Most parts of the country have major thrift store chains like Goodwill, The Salvation Army, and Savers.

It's not uncommon to find thrift store flippers making close to $100k every year from thrift store flipping. It, however, still depends on how much you put in. If you're willing to put in enough time to learn about flipping and carefully research the items to sell, you can make a comfortable living.

The average profit for thrift stores is quite low because of all the costs associated with having a physical location. Figures show that the general retail industry makes about 5% profit on sales, which means just $5,000 in revenue for every $100,000 in sales. How do I start a thrifting business?

Wealthier people have begun to frequent thrift stores, shopping for the same items as low-income people who were the original customers of the secondhand shops. In addition to wearing the clothes themselves, many thrifters in recent years have also started reselling the clothing on websites like Depop at a higher rate.

Big savings and discounts

Thrift store shoppers save an average of nearly $150 per month, amounting to approximately $1,760 annually. These savings can add up substantially over time, allowing you to allocate your funds for other essential expenses or savings goals.