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Goodwill Reselling vs Local Flipping in 2020

Published on: December 10 2022 by RockstarFlipper

In 2020, there are two popular methods of making money by buying and selling secondhand goods: goodwill reselling and local flipping. Both can be lucrative, but there are pros and cons to each method.

Goodwill Reselling:

Goodwill reselling involves buying items at thrift stores, garage sales, and online marketplaces like eBay and reselling them for a profit. Here are some pros and cons to this method:

Pros:

- Low initial investment

- Wide variety of items available

- Ability to sell online or in-person

Cons:

- Competition can be fierce

- Limited availability of high-quality items

- Shipping costs can eat into profits

Local Flipping:

Local flipping involves buying items at garage sales, flea markets, and other local venues and reselling them for a profit. Here are some pros and cons to this method:

Pros:

- Ability to haggle and negotiate prices

- No shipping costs

- Opportunity to build relationships with buyers and sellers

Cons:

- Limited availability of high-quality items

- Requires time and effort to search for deals

- Can be challenging to find profitable items

Ultimately, the best method for making money through buying and selling secondhand goods depends on your personal preferences and resources. Consider factors like your budget, time constraints, and local market before deciding which method is right for you. Whether you choose goodwill reselling or local flipping, remember to stay informed about trends and prices in your niche to maximize your profits.

Goodwill Reselling vs Local Flipping in 2020

In this video, the speaker takes the viewers inside a Goodwill store to show the inventory and the prices of items. The speaker highlights the challenges of sourcing from thrift stores and Goodwill stores and emphasizes the need to find better ways to source inventory.

Main Points:

1. Goodwill and thrift stores are not the best options for sourcing inventory.

2. It takes a lot of time to find good items at Goodwill and thrift stores.

3. There are better ways to find inventory, such as storage units, estate sales, and Craigslist.

4. The speaker shows the viewers how to use Facebook groups to find people who are selling items.

5. The speaker emphasizes the need to scale the business and focus on listing and selling, rather than spending all day sourcing from thrift stores.

The speaker shows the viewers that there are many better ways to source inventory than going to Goodwill and thrift stores. By using alternative methods such as storage units, estate sales, and Facebook groups, resellers can find better quality items at better prices, without wasting time driving around town. The key to success is to scale the business and focus on listing and selling, rather than spending all day sourcing from thrift stores.

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