Reselling, also known as flipping, is the act of buying an item and then selling it for a price that is higher or lower than the original.<\/p>\n\n\n\n
To put it simply, it means selling a product again. <\/p>\n\n\n\n
This popular side hustle (or even full-time occupation for some) has drastically grown in the past few years, with statistics<\/a> showing that the apparel resale market size currently sits at approximately $182.4 billion<\/strong>..and that is not all! The market is estimated to grow by at least 16% in the next 3 years. <\/p>\n\n\n\n This substantial curve can be explained by the continual influence of social media<\/strong> platforms, but also the increased awareness of sustainability<\/strong> and ethical shopping<\/strong>. <\/p>\n\n\n\n Many choose to go down this road because of the great profits<\/strong> a reselling business can make. It is not unheard of for a reseller to earn thousands of dollars a month!<\/p>\n\n\n\n Flipping products is the easiest side hustle to take on, as it requires little investment<\/strong> and experience. So, if you are looking to start your reselling business, keep reading to find out the best things to resell in 2023<\/strong>.<\/p>\n\n\n\n We will go over a few things to Resell:<\/p>\n\n\n\n Becoming a clothing reseller has become one of the most popular side hustles since the Covid-19 pandemic. <\/p>\n\n\n\n What\u2019s great about the resale apparel market is that it is vast and inclusive. Anyone can flip<\/strong> clothing items, even without any prior experience or knowledge on the process. <\/p>\n\n\n\n Of course, before starting any type of business it is highly recommended to form at least a basic understanding of the type of product you are selling. For instance, if you are selling designer clothes, it is important to carry out market research<\/strong> and find out what is currently trending, what price you should set and what platform you should sell on. <\/p>\n\n\n\n We’ve written a great guide on becoming a clothing reseller<\/a>. To become a successful clothing reseller,<\/strong> you need to:<\/p>\n\n\n\n Despite the apparel market offering a diverse range of clothing, it does not mean you should try to appeal to everyone. Doing so will prevent your business from standing out, as there is nothing refining about your brand that makes it unique to the eyes of the customers. <\/p>\n\n\n\n Instead, choose a particular niche within the market and become a specialist<\/strong> in that. A more knowledgeable seller will be more trusted by their target audience.<\/p>\n\n\n\n After all, it is these connections with your customers that will make the difference to your profits!<\/p>\n\n\n\n Now that you have successfully chosen your niche, it is necessary to understand it.<\/p>\n\n\n\n Market research is essential<\/strong> for any reseller who wants to see their business flourish. Looking at top sellers within the product category is significant, and it is this competitor analysis <\/strong>that will bring your business to the top of the search results.<\/p>\n\n\n\n How have they refined their brand? What is their brand voice? What do they mention in their product descriptions? What product photos do they take?<\/em><\/p>\n\n\n\n These are all important questions to ask yourself when browsing through successful sellers\u2019 shops. <\/p>\n\n\n\n Market research also means understanding the needs of your target audience. For example, finding out what the most popular searches are and how much customers are willing to pay will help you set the right prices, but also make informed recommendations that will build those crucial ties with your customer base.<\/p>\n\n\n\n While most online marketplaces have a large apparel market, choosing ones that specialise in your niche will lead to greater profits. <\/p>\n\n\n\n Vinted<\/strong><\/a> is the best platform to sell second-hand vintage clothing.<\/p>\n\n\n\n As a seller, you\u2019ll be glad to know that the platform bills the buyer when they make a purchase, therefore listing and selling on Vinted is free<\/strong>. This feature isn\u2019t particularly common amongst other reseller platforms, so it is the perfect place to start your business.<\/p>\n\n\n\n You may be wondering what the catch is, and indeed there is one! <\/p>\n\n\n\n Just as with other online platforms, to appear at the top of the search results you need to bump your listings. Vinted requires you to delete your current listings and repost them. This can be time-consuming and even lead to frustrating mistakes.<\/p>\n\n\n\n But don\u2019t worry! We have claimed that reselling is one of the easiest side-hustles and we mean it!<\/p>\n\n\n\n Most resellers use automation software<\/strong> such as Vinted Bot<\/a> that automatically bumps, edits and adds views to your listings. You can try the best Vinted Bot for FREE here<\/a>, and spend more time on perfecting your product knowledge and brand presentation!<\/p>\n\n\n\n <\/p>\n\n\n\n Depop<\/strong><\/a> is a popular reselling platform for unique and trendy<\/strong> second-hand products; particularly clothes and jewellery. <\/p>\n\n\n\n While both Vinted and Depop are great platforms for any type of vintage clothing, Depop targets younger age groups that are looking for authentic styles inspired by the latest trends.<\/p>\n\n\n\n Unlike Vinted, Depop charges a 10% selling fee<\/strong>. This shouldn\u2019t be an issue, as you could charge a higher price in order to make up for the loss of profit. <\/p>\n\n\n\n The use of a Depop Bot<\/a> is highly recommended<\/strong> here, as it will boost visibility with just a click of a button, while giving you free time to focus on other aspects of reselling!<\/p>\n\n\n\n <\/p>\n\n\n\n Poshmark<\/strong><\/a> is the perfect platform to sell second-hand luxury fashion<\/strong> pieces. While it comes with a number of fees for sellers, there is no better place to sell your high-end items. Find out more about dealing with those pesky Poshmark fees, while simultaneously growing your profit margin here<\/a>!<\/p>\n\n\n\n Selling across multiple marketplaces is so in right now!<\/p>\n\n\n\n All jokes aside, if you are truly determined to make some serious profits, crosslisting is your answer<\/strong>. <\/p>\n\n\n\n While selling on a single platform can be the successful side hustle you are looking for, especially with the use of automation bots<\/strong>, crosslisting increases the chances of your products being seen across different audiences.<\/p>\n\n\n\n If a product is listed on four different apps, the likelihood of making a sale is considerably higher. Therefore, crosslisting should be number one in your to-do list if you want to make your reseller life as stress-free as possible.<\/p>\n\n\n\n While this can be done manually, most opt for a crosslisting software that does this automatically. SellerAider<\/a> offers the most popular<\/strong> crosslisting app<\/a> for resellers. What this means for you is that your products will automatically crosslist to all marketplaces of your choice, saving you tons of time and money. <\/p>\n\n\n\n After all, we promised you an easy side hustle with minimal investment!<\/p>\n\n\n\n Now that you know the secret to becoming a successful reseller, you may be wondering what the best things to resell<\/strong> are within the clothing category:<\/p>\n\n\n\n Nike, Adidas and Lululemon are examples of top athleisure brands<\/a> that sold at a high volume in 2022. Limited edition collaborations are particularly profitable within the reselling market due to the short supply.<\/p>\n\n\n\n Gucci, Louis Vuitton and Chanel sell high per item price. They are also quite difficult to come across on reseller platforms, therefore buyers will find it difficult to say no to a good deal!<\/p>\n\n\n\n Patagonia, North Face and Tommy Hilfiger are one of the most popular high-end brands that sell vintage clothing. With the right price, these will be popular options to resell. Learn how to sell vintage clothing here<\/a> and where<\/a> to sell them. <\/p>\n\n\n\n Levi\u2019s and Diesel are one of the top best-selling jeans in the world! Denim is always trendy, thus it is a safe and reliable type of clothing to resell.<\/p>\n\n\n\n Finding the right clothes as a pregnant woman is difficult, especially when the pool to choose from is so small. This demographic is always looking for maternity clothes and will even pay higher prices if the item is good quality!<\/p>\n\n\n\n Finally, you may be wondering how to get your inventory<\/strong> in the first place. The rule of thumb is to begin by looking at your closet! <\/p>\n\n\n\n Reselling doesn\u2019t always need to be about buying to sell, especially if you are just starting. You probably already have the inventory a few feet away from you!<\/p>\n\n\n\n As you are now knowledgeable on the best things to resell, going through your closet and seeing what could possibly make you profit is the perfect way to start.<\/p>\n\n\n\n Alternatively, thrift shops, second-hand apparel markets and garage sales<\/strong> are your best friends. Buying inventory from these places tends to require minimal financial investment as you can find clothes starting from $0.30. A small price to pay for a successful reselling business. <\/p>\n\n\n\n While hand-making jewellery is a popular side hustle (although more time consuming), like clothes, looking for good bargains at thrift shops, yard sales and flea markets<\/strong> will help you get started on your inventory. <\/p>\n\n\n\n Etsy<\/strong><\/a> is by far the best marketplace for this product category, as it attracts audiences that are looking for creative handmade and vintage items. <\/p>\n\n\n\n Jewellery is often quite cheap to buy but also sell, therefore there is three things you can do to increase your profits:<\/p>\n\n\n\n As high-end jewellery is harder to come across on reselling platforms, it is more likely to sell at a high price.<\/p>\n\n\n\n Listing your products on different marketplaces won\u2019t just increase your odds of making more sales, but it will also make you a more memorable seller. <\/p>\n\n\n\n As buyers tend to browse on more than just one marketplace, when they come across your shop on multiple platforms, they are likely to view your brand as consistent and memorable<\/strong>; thus creating trust between your brand and your audience.<\/p>\n\n\n\n Customising your products means that you can set your prices higher.<\/p>\n\n\n\n Memorial jewellery<\/a> has been shown to be one of the most popular and prominent types of jewellery, so take advantage of this knowledge and attract more customers to your shop!<\/p>\n\n\n\n Now that you know that jewellery is one of the best things to resell in 2023, you may be wondering how to be a successful<\/strong> jewellery reseller:<\/p>\n\n\n\n Jewellery is one of the most popular options when it comes to gift giving. This has been a steady statistic and is unlikely to change in the near future.<\/p>\n\n\n\n During festive seasons, particularly ones that hold emotional and\/or romantic meanings, it is essential to optimise your shop<\/strong> with the appropriate keywords and decorations.<\/p>\n\n\n\n For example, with Valentine\u2019s Day coming up, it is useful to include this keyword into your product title, description and tags.<\/p>\n\n\n\n This is an easy and simple way to guarantee your products appear at the top of the search results due to their relevance to seasonal trends!<\/p>\n\n\n\n Jewellery is more likely to sell when displayed clearly. <\/p>\n\n\n\n Take close up product photos<\/strong> using natural light or a ring light.<\/p>\n\n\n\n It is also useful to ensure that your background is plain; ideally a white or cream colour. <\/p>\n\n\n\n If you are the creative type, you can even model the jewellery with a matching outfit that will give your customers inspiration on how to match it to their wardrobe.<\/p>\n\n\n\n Customers are more likely to buy jewellery that is sold in bundles compared to individual items. Bundle deals come in different forms, so experimenting is ideal in order to conclude which method brings more traffic to your shop. <\/p>\n\n\n\n You could create a bundle deal with:<\/p>\n\n\n\n The same jewellery type but in different colours, sizes or shapes; such as three rings where each one is a different colour (gold, silver, rose gold).<\/p>\n\n\n\n OR<\/strong> <\/p>\n\n\n\n Several types of jewellery that create a complete set; such as a pair of earrings, necklace, bracelet and ring. <\/p>\n\n\n\n Another best thing to resell on online marketplaces is sneakers; particularly high-end and designer options. <\/p>\n\n\n\n The sneaker resale market<\/a> is currently worth over 1$ billion<\/strong>, therefore it is no surprise that making this your side hustle could make you a small fortune.<\/p>\n\n\n\n It is not uncommon to find limited edition sneakers selling for over \u00a35,000 in the United Kingdom! <\/p>\n\n\n\n Reselling sneakers consists of a slightly different process to clothes and jewellery, as thrift shops and yard sales won\u2019t be helpful in adding to your inventory. <\/p>\n\n\n\n To successfully become a sneaker reseller you must:<\/p>\n\n\n\n The wonderful thing about sneakers is that there is never a shortage of new releases. <\/p>\n\n\n\n While it is a bigger financial investment compared to some clothes and jewellery, it can be a very profitable one.<\/p>\n\n\n\n When a new pair gets released, buying a few and waiting for several months is your best bet to making money. <\/p>\n\n\n\n Depending on the type of sneaker, after a certain period passes it is likely there will be a shortage in the retail sector; inevitably leading to more competition on reselling platforms. <\/p>\n\n\n\n Investing in limited releases<\/strong> is ideal due to the scarcity that is created after a period of time passes.<\/p>\n\n\n\n While it may sound time-consuming, some sneakers are worth 150% more<\/a> than their retail value after they have been sold out. In this case, waiting is truly worth it!<\/p>\n\n\n\n Sneaker trends are constantly changing; therefore it is crucial to stay up-to-date with current and upcoming fashion trends. Knowing your audience<\/strong> well means that you can promote products that you know will be desirable and thus increase the likelihood of making sales.<\/p>\n\n\n\n Keeping in mind that what is currently popular may very well change, these are some recommendations of what we think are the best sneaker brands to resell<\/strong>:<\/p>\n\n\n\n While this may come as a surprise to some, wedding dresses rank quite high on the list of the best things to resell. <\/p>\n\n\n\n New brides are now starting to prefer a more affordable, second-hand dress so they can spend more money on other aspects of their wedding and honeymoon.<\/p>\n\n\n\n Just as with the previous reselling ideas, designer dresses<\/strong> will allow for higher profits. This is because they can be sold for up to 70% of their retail price. <\/p>\n\n\n\n Thrift shops<\/strong> are ideal for finding preowned wedding dresses, and it is recommended that you opt for the larger sizes so the bride-to-be can get it tailored for a perfect fit.<\/p>\n\n\n\n Toys, strollers and other baby gear are easy to find as most people prefer to get rid of them and free up space in their homes once not needed. <\/p>\n\n\n\n Good quality strollers and pushchairs can even sell for over $2k<\/strong>, therefore setting the right price will guarantee quick sales.<\/p>\n\n\n\n Flipping books can be a highly profitable side hustle, as long you know the right type to sell.<\/p>\n\n\n\n As books are one of the most popular items to be sold<\/strong> online, it is difficult to stand out amongst millions of sellers that may have some ridiculously low prices you may not be willing to match.<\/p>\n\n\n\n To make the experience profitable, you should aim to sell books that are high in demand but short in supply.<\/strong> This will decrease your competition with other sellers and will make you more likely to appear at the top of the search results.<\/p>\n\n\n\n Textbooks, guidebooks and study books tend to sell for higher prices and are thus a great option for beginner resellers.<\/p>\n\n\n\n Similarly, books that have recently become adapted into films and TV series are in higher demand, therefore looking out for these trends will be particularly useful in generating greater profit for your business. <\/p>\n\n\n\n Fiction or non-fiction novels that have been signed by the author<\/strong> will also sell for a high price as they are limited editions. While these are more difficult to get your hands on, don\u2019t miss out on the opportunity if you are able to include it in your inventory!<\/p>\n\n\n\n Second-hand watches exist in large volumes in thrift stores<\/strong> and other second-hand shops, making them one of the best things to resell.<\/p>\n\n\n\n The majority of pre-owned watches are faulty; some may need a battery and others a more thorough fix. <\/p>\n\n\n\n So, if you are good with your hands, this reselling business idea might just be the right one for you.<\/p>\n\n\n\n Opting for faulty watches may sometimes even be more profitable, as you can then sell them for a higher price. <\/p>\n\n\n\n Some profitable watch brands<\/strong> include:<\/p>\n\n\n\n These luxury brands- some of their limited edition- can resell for highly profitable prices, with some even selling for $14k<\/a> on resale platforms.<\/p>\n\n\n\n With the increased popularity of home workouts in the past 3 years, many are opting for second-hand sports gear due to the high prices of brand-new equipment.\u00a0<\/p>\n\n\n\n Bulky items, such as treadmills, will generate a greater profit margin, however, it will require manual labour. Shipping the product may also be more difficult, so opt for local pick-up and drop-off options.<\/p>\n\n\n\n Smaller workout items, such as dumbbells and kettlebells, will be much easier to ship anywhere in the world.<\/p>\n\n\n\n Selling concert tickets or tickets for other popular events is one of the best things to resell on the internet.<\/p>\n\n\n\n Not only is there an abundance of events<\/strong> taking place annually, but the demand always remains high. Therefore, it is a stable form of business that will forever remain popular.<\/p>\n\n\n\n As with any other item, market research<\/strong> is important if you want to be a successful reseller. Finding out what events are in demand will inform the price you set for each ticket. <\/p>\n\n\n\n Similarly, ticket prices can vary depending on the timing of the event<\/strong>. Last-minute tickets can be set at a considerably higher price than the original, as people are unlikely to find something cheap at the last minute and are more willing to pay a high price.<\/p>\n\n\n\n StubHub<\/strong><\/a> and Vivid Seats<\/strong><\/a> are great sites to find out which events are selling out very quickly.<\/p>\n\n\n\n While requiring more physical effort compared to other items, furniture is a great thing to resell for a high profit. <\/p>\n\n\n\n Finding furniture can be an easy task, as there are often free options available on the sidewalk. If they are still in good condition, a little polishing and cleaning will make them good as new!<\/p>\n\n\n\n Reselling furniture also means that you will never have a shortage of inventory, as people are constantly moving around in our fast-paced world. This means that there is always the need to give away, but also buy new furniture. <\/p>\n\n\n\n Furniture prices have a wide range, making it important to do market research and take great product photos<\/strong> to make you stand out from the crowd.<\/p>\n\n\n\n Wood furniture<\/strong> can set your prices higher, especially if you spend some time ensuring it is well-polished.<\/p>\n\n\n\n The antique market attracts collectors from all over the world that are willing to pay considerably high prices for discontinued, rare and limited-edition items. <\/p>\n\n\n\n Writing detailed product descriptions<\/strong> will set you apart from other antique resellers.<\/p>\n\n\n\n As a rule of thumb, you should try to find out as much information as you can about each particular antique you are selling. Do this by looking for stamps, and marks, asking a specialist, and doing in-depth research.\u00a0<\/p>\n\n\n\n Amateur and beginner photographers prefer to start their journey with used equipment, as brand-new gear comes with high prices.<\/p>\n\n\n\n Popular camera brands, such as Sony and Canon, will sell for a good price on eBay<\/strong><\/a>, especially if they are a recent model. However, you can also make profit from selling other parts, such as lenses, tripods, and camera bags.<\/p>\n\n\n\nCLOTHES<\/strong><\/h2>\n\n\n\n
Find your niche<\/strong><\/h3>\n\n\n\n
Do market research<\/strong><\/h3>\n\n\n\n
Find the best platforms to sell on<\/strong><\/h3>\n\n\n\n
Crosslist to different platforms<\/strong><\/h3>\n\n\n\n
Types of Clothes to Sell<\/strong><\/h3>\n\n\n\n
JEWELLERY<\/strong><\/h2>\n\n\n\n
SNEAKERS<\/strong><\/h2>\n\n\n\n
WEDDING DRESSES<\/strong><\/h2>\n\n\n\n
BABY GEAR<\/strong><\/h2>\n\n\n\n
BOOKS<\/strong><\/h2>\n\n\n\n
WATCHES<\/strong><\/h2>\n\n\n\n
SPORTS EQUIPMENT<\/strong><\/h2>\n\n\n\n
CONCERT TICKETS<\/strong><\/h2>\n\n\n\n
FURNITURE<\/strong><\/h2>\n\n\n\n
ANTIQUES<\/strong><\/h2>\n\n\n\n
PHOTOGRAPHY GEAR<\/strong><\/h2>\n\n\n\n