Today, 32.1% of waste is recycled and composted in the US. That’s a pretty decent rate, and people are doing their part in reducing waste by properly disposing of unwanted items.
Another way to help the environment is to give things a second chance at life. While you can do this by getting creative with your belongings, you can also turn a profit by listing sales. After all, one man’s trash is another man’s treasure, and you’d be surprised at what people will pay for your junk.
It’s not just old stuff! People are also getting savvy flipping new products too, scouring the sales for items that will grow in value.
In this article, we’ll discuss the best items to resell for profit so you get the most out of your time and energy.
Event Tickets
Tickets to concerts, sports events, and other live performances (such as theater premieres) can often be resold for much higher than the selling price, and they’re one of the easiest things to flip for profit. Of course, you need to have a discerning eye; events that are sold out or in high demand will yield you the best resale values, while low-profile events will garner little interest.
Before you start this endeavor, you should first understand the legalities and restrictions regarding ticket resale in your area. Technically, what you’re doing is scalping, and it’s often frowned upon. In fact, the BOTS Act of 2016 makes the use of bots to purchase tickets a federal crime, so if you go this route, only purchase tickets manually.
To sell your tickets, utilize online ticket marketplaces or resale platforms. When listing them, be transparent about the details; include the event dates and times, seat locations, and any resale restrictions. This will ensure that both you and potential buyers won’t waste time.
Electronics
Items like smartphones, tablets, laptops, gaming consoles, and high-end headphones tend to hold their value well. This is because there are frequent upgrades and advancements in technology, and not everyone is happy about them. As a result, there will almost always be a niche for second-hand electronics, as people won’t want to shell out absurd amounts of money for new models.
To maximize profit, aim to resell newer models or well-maintained used devices. If you’re reselling the latter, having the original packaging and accessories will enable you to have significantly higher listing prices.
Another route is refurbishing electronics yourself if you have the knowledge and skills. This will increase the products’ value and appeal to potential buyers. Keep an eye on seasonal sales, trade-in programs, and auctions to acquire electronics at discounted prices.
Consumers may be reasonably wary of buying electronics from an individual, so consider setting up a limited liability company (LLC) with Business Anywhere. This will give you more credibility and attract more business. Our business registration service is affordable and fast, so you won’t have to wait long to start selling.
Designer Clothing and Accessories
Are you searching for things to sell to make quick cash? Authentic designer clothing, handbags, shoes, and accessories from well-known brands (i.e. Gucci, Louis Vuitton, and Chanel) can often be resold at a significant markup, especially if they’re in good condition and in demand. Stay updated on fashion trends and collaborate with consignment stores or online platforms specializing in luxury resale.
“Authenticity” is the keyword here. Authenticate items thoroughly to ensure they’re genuine. Otherwise, your reputation will take a hit if the items you’re selling are found to be fake.
While searching, pay attention to the condition of the items. Those in excellent condition command higher prices, so check for signs of wear, damage, or stains. Make sure to price them accordingly, as people will notice if you’re trying to take advantage of the brand name to hike listing prices.
Like with reselling electronics, it may be a good idea to start a small clothing business. People will be more likely to buy from a company rather than a potentially shady individual.
Vintage and Collectible Items
Antiques, vintage clothing, vinyl records, rare books, and collectible toys can all be profitable items to resell, particularly if you have knowledge about their value and rarity. If you don’t, then develop expertise in specific niches, as these are some of the best items to flip.
Regardless, research market demand and pricing trends for different collectibles. Rarity, condition, and historical significance can greatly affect value.
You should attend auctions, estate sales, and flea markets, and check out thrift stores as well. You just might find hidden gems at amazing prices. In addition, use online marketplaces and forums dedicated to collectors to reach a broader audience.
Limited Edition Items
Limited edition sneakers, streetwear, and other exclusive items often have a strong resale market, especially if you can get your hands on them during a high-demand release. These collections often create hype and scarcity, which drives up resale value.
To increase your chances of getting quality items, monitor release dates, collaborate with retailers, or join waiting lists to secure limited edition products. Leverage social media, online communities, and resale platforms to market these things effectively. They’re also one of the best items to flip on Facebook Marketplace, so don’t forget this platform either.
Most importantly, understand the resale window. Prices may fluctuate shortly after release before stabilizing, or even increasing over time!
Sporting Goods and Fitness Equipment
High-quality sporting goods (such as bicycles, golf clubs, and fitness equipment) can be lucrative to resell. Prioritize well-known brands and durable equipment to make the most of your time and money.
You stand to make high profits if you can find them at a discounted price and there’s demand in your area. Keep an eye on clearance sales, end-of-season discounts, and liquidation events to source inventory at lower prices.
To attract a larger customer pool, consider local sports teams, fitness communities, and online forums to advertise your goods. Offer additional services like equipment maintenance, customization, or personalized fittings to attract even more buyers.
Home Goods and Appliances
New or lightly used home goods and appliances can be profitable for reselling. Focus on practical items with universal appeal, such as kitchen gardens, small appliances, and furniture.
Try finding these things at a discount or during clearance sales. Build relationships with wholesalers, liquidators, or manufacturers to access their discounted inventory.
To help determine what to prioritize, research market trends and seasonal demands. For example, outdoor furniture sells better in the spring and summer, so hone in on that for those seasons. Offer delivery or installation services to enhance customer convenience and differentiate your business from your competition.
Health and Beauty Products
High-end skincare, makeup, and hair care products can be a good choice if they’re in-demand brands or limited edition items. This usually means you should lock on to premium or niche brands with a loyal customer base.
Ensure product authenticity and check expiration dates, especially for skincare and makeup items. If you sell out-of-date products, then not only do you risk damage to your reputation, but you may put people’s health at risk too.
To promote your listings, utilize social media platforms, beauty forums, and influencer collaborations. Offer personalized recommendations or skincare consultations to enhance the customer experience.
Choose the Best Items to Resell for Profit
If you’re not very innovative, then product reselling is an excellent business alternative.
Now that you know what the best items to resell for profit are, you can pick what appeals to you most, then get to work on creating a company, sourcing items, and building business relationships. By doing all three, you’ll stand a chance in some fiercely competitive areas.
If you’d like to set up a professional reselling business, then sign up with Business Anywhere today. In under 10 minutes, we can register your company in any US state.
