Whether or not you’re thinking about entering the furniture market, it’s expected to reach $5.3 billion by 2026! If you’re considering getting started with furniture flipping, it might be more lucrative than you think.
But when you’re ready to get started, it might feel overwhelming to determine where to begin. Furniture flipping doesn’t have to be stressful! Read this guide on the top tips for flipping new and used furniture like a pro in no time.
- Know What to Buy
One of the top tips for furniture flipping is to do plenty of research before you begin. Understand the price of different items and how you can cut down on costs as you proceed.
Check out the different items in your area that sell well such as this Prism stool base. Before you start repairing or upgrading, it’s important to research the cost.
If you’re choosing older products, try not to redo polished furniture. Consider items that are older and are in need of repair. For example, tables are a great option to flip.
- Make It Unique
As you learn how to furniture flip, it’s important to convince buyers that these different items are must-haves. Show them how the different pieces can be used in their homes.
Before you take pictures, ensure that the piece is styled for each environment that it could work in. When you go to list the item, check out the price of other pieces in the area to see how much you could price it for.
- Avoid Lowering Your Price
While it’s tempting to lower your price if it isn’t selling right away, give it time. You won’t be happy with the price that you receive if you lower it. Changing the description or adding new photos could be the change that you need.
- The Necessary Setup
If you don’t have the transportation to bring items to potential buyers, you’ll want to consider hiring a transportation company. Have a space to begin your work, whether it’s in your yard or garage.
Next, think about what tools you’ll need to begin the project. If you’re only looking to repaint items, you won’t need as many tools.
- Where to Sell Items
Online is the best place to sell furniture. Consider reaching out to an antique or thrift store as a last resort.
You could also consider renting a space to place your items. However, this will take time to grow, and you’ll have more overhead costs.
Effective Methods for Furniture Flipping
After exploring this guide, you should have a better idea of how to get started with furniture flipping. Take your time planning out what you’ll need to do during the process.
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