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Pickers and Flippers … is it time to think bigger?

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This entry is dedicated to all the pickers and flippers of thrift and consignment shops out there. For those of you who are not familiar with pickers or flipping, these are the guys and gals who hunt the shelves and aisles of their local thrift or consignment shops looking for items to buy and resell. Now, most of these folks are reselling online, but there are other avenues such as flea markets and boutique consignment shops where you can sell these type of goods. What are these people buying exactly? Just about anything clothing, housewares, kitchenware, electronics anything that can be potentially resold. Maybe you’re semi-retired, have a part-time job or are a stay at home mom or dad looking to earn a few extra bucks each month. Each day you get up and hit the stores, always best to go hunting early to beat the mid-day rush, not to mention the other pickers! Now chances are you got hooked by accident, maybe one day you got dragged along by a friend to a thrift store, and while casually flipping thru the racks you come across that IT item that got you hooked. What I mean by that IT item is that first thing you discovered that made you think… hey, this is not my size or my style, but I am pretty sure I can make some money if I sold it. It could be a few dollars profit made or a few hundred, those high dollar items are out there, and there is no bigger thrill than scoring a huge profit on an item you may have paid as little as a buck on. I know these people, heck I have been one of these people and I can tell you that there is real money to be made If you know the art of the flip and can easily recognize those items that will sell and net you some healthy profit.

Maybe you have been flipping for a year or two, and you're pretty good at it. Instead of a few hundred bucks at the end of each month, its now a few thousand and your little hobby has now become a business. Wait did you say hobby? Yea I know folks, it’s a job, just like any other job, but every flipper has had that painful conversation before with that insensitive acquaintance or more likely in-law that calls your job a hobby. I know It’s annoying, you invest a lot of time and effort into your business, and there is a lot of work involved. It’s not easy generating a few thousand dollars each month in sales by flipping and eventually even the best flippers will hit that sales wall that they will struggle to overcome. The problem with this business model is that it’s inconsistent regarding sourcing your merchandise for resale. You could go days if not weeks without finding some good items to resell and your time and effort are often wasted in a futile hunt. You’re at the mercy of fate most times, riding high one month shot down the next. What your business needs to overcome that sales wall is a consistent merchandise source, and that’s where liquidation merchandise and comes into the picture. Instead of searching racks and shelves, you could be hunting for your goods online from the comfort of your home and not frantically running from store to store in a vain attempt to keep your sales from slipping. Think about it, no wasted time, effort or gas money and the merchandise comes right to your door. You are also in a prime position because you sell these types of goods now. You know the items and brands, so you know what to buy and what to sell it for, the learning curve is nominal for an experienced picker. I am not trying to dissuade anyone from pursuing their picking passion, but the next logical step in your business’s growth is to see what liquidation has to offer. So the next time your in-law mentions your picking hobby you can correct them, and tell them you’re a retailer and you have the sales to prove it.




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