Flipping furniture is the process of finding old, worn, and used furniture and repairing or refinishing the furniture to make it look like new, increasing the value of the piece. Flipping furniture can be a great way to make some cash as a side job or even a full time job!
The following content will help you start making money flipping furniture by teaching you what you need to know, the materials needed, and multiple tips to make the process easier, faster, and bring more profit!
The best course to take on flipping is Furniture Flipping Secrets. In this course, you’ll learn the exact steps “How to Find, Fix & Flip Furniture For Profit!”
Here’s A Glimpse Of What You’ll Learn When You Join Furniture Flipping Secrets Today!
WHAT PIECES OF FURNITURE SHOULD I FLIP?
In order to successfully make a profit from repurposed furniture you are going to need to start out knowing the guidelines of what piece you buy and where to buy it to get the most bang for your buck!
As far as where to buy, there isn’t really a reason to not buy locally. Keep an eye out for flea markets, garage sales and other events in your area where it is likely have used furniture for sale.
You can check out what is going on in your area online by joining social media buy/sell groups through Facebook, Checking listing on websites like craigslist, local selling apps like letgo, and in the newspaper (if you read those).
Congratulations! You are searching local events in order to purchase used furniture. You are on the right track to building a nice furniture flipping business but you probably aren’t entirely sure what to look for in a piece of furniture to make a good project.
Thing To Keep In Mind Before you Buy Used Furniture –
There are only a few guidelines to follow when purchasing used furniture. Rule number one is that you need to look for structurally sturdy pieces. Buying furniture with loose connections and broken pieces will increase the amount of effort, time, and money it will take to finish the project. Worn furniture like this could also be worn to the point of no return and could end up falling apart.
The second rule of thumb is that it is best to stay away from furniture made from fake wood. This MDF board or whatever it is can’t be easily manipulated and could actually fall apart while you’re working on it. Plus, no one would take fake wood over a furniture made with real wood which means real wood equals more money!
The last thing you need to think about while searching for items is the amount of money you spend on it. Get items as cheap as you can. Always try to negotiate with the owner to get a better deal because chances are they just want to get rid of the old furniture and hope to get a few bucks out of it.
You also need to account for the price of the tools and materials needed to flip it. The more cost upfront, the less the profit and the greater chances of actually losing money.
How To Restore Old Furniture –
Now that you know what to look for in used furniture, it is time to start making it look like a million bucks!
First and foremost, you need to fix any structural issues with your piece. Use your basic woodworking tools to tighten screws, replace old screws and glue together and sand any breaks in the wood.
After your piece is as sturdy as it was new, it is time to start making it look attractive. This is where you let your creativity flow. Find out what you want the piece to look like and formulate a plan to make your visions become a reality. If you are having trouble with what look you want you could follow what other people are doing with a quick search in google.
Now go crazy! Start by making the piece nice and smooth with a power sander and stain or paint it to your liking. While in this stage it is important to keep a few things in mind.
Don’t get too carried away! Always keep in mind your cost of materials and the time you take to complete your projects. Putting a lot of money, time, and work into a project increases your needed price to get a decent profit. The rule of thumb here is to work quickly and cheaply.
It’s a masterpiece! Your piece is now finished. You spent a lot of time, money, and effort to create a beautiful piece and have yet to seen anything come out of it except for the feeling of accomplishment. It is time to get paid! Here are marketing hacks to make more money and sell faster.
The More the Merrier
The best way to sell projects is to start selling them in multiple places. Chances are you don’t have the traffic of tons of potential customers coming to your front door or workshop to buy your projects. This means you have to bring your projects to the people.
Post your furniture for sale on social media, local selling websites, apps like Letgo, and around town to reach the maximum of potential customers. The more places your stuff is posted, the more people see it and the higher the potential of a sale.
In these posts there are many things that cannot be overlooked. You have to sell the product to the customer. That means take great photos to capture the beauty of the piece. Work with lighting and maybe purchase a good camera to get sharp pictures that showcase all sides of your piece to get the best response.
Another important thing is the description. You need to sell it but still be honest. Say that it is refurbished and describe the piece in a way to try to capture the true beauty. It is also a great idea to write down the dimensions of the piece for the reader to get a feeling of the size.
Make it Stand Out
With your items poster all over, you could either sell them separately or sell multiple at a time through a flea market or garage sale. When selling your work you need to set a reasonable price. Take in account what you initially paid for the piece, the cost of materials, and labor you put in it.
Try to find the middle ground. Don’t set it ridiculously high or so low that you take a loss. You can always look at similar products to get a feel for what it is worth or have a friend check it out.
So you are making money flipping furniture for a profit and you wish to grow your business and earn a full time income at home. Growing your business is going to take a lot of work but will come with massive benefits. To grow your business, the only thing you need is more customers! This could be done in a variety of ways.
One of the best ways to do this is to have an online store. Either creating a website yourself or building a store with Shopify will give the ability to not be restricted by your location. You can accept multiple payment options and start shipping your product across the globe. I would suggest offering free shipping since it is most appealing to the customers.
If you don’t want to go the business route, you are going to have to create a large following. Stay active in Facebook groups related to woodworking with the occasional selling post.
You want to bring quality content to the people of the group and spamming your latest projects for sale can get annoying and maybe even get you banned. Take the time to get to know people on a personal level and then maybe offer some custom work if they want it.
Other important things to do while trying to grow your business is to start honing your skills to produce higher quality pieces, try to start making your own furniture, and always make sure to ask the customer to tell their friends and get the word out.
There you Have It!
You now know what it takes to start making money flipping furniture. Now all you need to do is take action and start buying and selling your own projects. SO GET TO IT!!! Happy Flipping!