⚒️ Niche: Reselling on Facebook Marketplace
💰 Opportunity size: $1,000+/week
💵 Initial cost: $50-$100
🧩 Difficulty: Low
🏆 Competition: Medium

GM, SideNerds! 💼💰

If you've been eyeing Facebook Marketplace but never found the time to commit, today's email will be the inspiration you need. Let's dive into how folks are making as much as $1,000 a week by flipping items on this platform.

No more procrastinating.

It’s time to land that extra money for your dream vacation.

Getting Started: The Basics

If you’re going to make a profit from this side hustle, it’s important to get the basics down: 

• Create an Account: Not on Facebook? Get to creating an account. It’s simple, straightforward, and best of all – free. 

• Get Familiar: Spend some time navigating Facebook Marketplace. Take note of what people are buying and selling in your area. 

• Notifications: Facebook Marketplace allows you to “save” searches and receive in-app notifications once a product meets the description and also the relative location. This will help streamline your searches for you.

• Set up Your Space: You’ll need a small area at home to store the items you plan to sell. Keep it organized. 

Check out this Facebook Selling Guide for a jump start!

Minimal Investment, Maximum Return

Starting up doesn’t require much. Here’s what you need: 

• Smartphone or Computer: To access Facebook and manage your listings. 

• Small Budget: For around $50 - $100 you can purchase your initial inventory. 

• Storage Space: The corner of your garage or a spare closet will do just fine. 

The Hunt: Ideal Finds on Facebook Marketplace

Now that you’re all set, what do you buy? 

These items go the fastest on Facebook Marketplace: 

• Furniture: Particularly unique or vintage pieces that catch the eye. 

• Electronics: These go fast if in good condition i.e. game consoles, smartphones and cameras. 

• Home Appliances: Not many people are turning down a good appliance; think blenders, microwaves. 

• Sporting Goods: Bicycles, weights, and golf clubs, attract eager buyers. 

Show Me The Money

Turning a profit on Facebook Marketplace involves buying low, enhancing value, and selling high. Here's how you can start making money, illustrated with a simple breakdown:

• Find Bargains: Scan for underpriced items that you can mark up. Often, people undervalue what they sell, especially when they're in a hurry.

• Improve and Flip: Small improvements can significantly increase an item’s value. Cleaning, minor repairs, or a fresh coat of paint can make a big difference.

• Sell with Savvy: Create compelling listings with clear photos and detailed descriptions to attract buyers. Price items strategically to encourage quick sales.

Example Economics:

• Purchase: Vintage coffee table bought for $50.

• Restoration: Supplies for refurbishment cost $20.

• Selling Price: After restoration, listed for $150.

• Profit: $80 after subtracting initial costs and restoration expenses.

Annual Earnings Potential:

If you scale up the flipping strategy to handle more volume, here’s a revised look at potential annual earnings:

• Weekly Flips: Assume you complete five flips per week.

• Average Weekly Profit: $80 per flip.

• Annual Flips: 52 weeks x 5 flips per week = 260 flips.

• Total Annual Profit: 260 flips x $80 = $20,800.

This scenario assumes that you maintain the same profit margin across a larger volume of items and that you can consistently find and refurbish five items per week.

By repeating this process, you can build a steady stream of income, improving your buying and selling strategies as you learn more about what sells best in your area.

Tips For Success: Insider Secrets

To maximize your success, consider these pro tips: 

• Clear Photos: Make your listing stand out with high-quality photos and detailed, honest descriptions. 

• Be Responsive: Slow replies to potential buyers can turn a would-be sale into a missed opportunity. 

• Seasonal Sensitivity: Be Strategic. Selling winter gear in the heart of summer, won’t make you any quick cash. 

• Pricing Strategy: Research what similar items are going for and price competitively. Always leave wiggle room for negotiation.

Proof That it Works

YouTuber, Caleb Pullman, documents his journey on Facebook Marketplace in great detail. In the past, he’s managed to make as much as $1,030 in a single week. 

Caleb’s focus was game consoles and accessories as well as gym equipment. Buyers met with him to collect items and he had no expenses for shipping. Learn more about how he did it here. 

Crazy Flipping Mom

CrazyFlippingMom generates a MRR of $1,000 on Facebook Marketplace by selling: 

• Furniture: She notes that desks don’t sell as well for some reason. This could be totally anecdotal. 

• Kids’ Toys: Whenever her kids are through with their favorite toys, she sells them on Facebook Marketplace. Keep in mind, that these should be in good condition. 

• Bundles: She tries not to sell anything that costs under $20. If it’s a case where the items you have luck with can’t go for 20 bucks, simply sell them in bundles. 

• Kitchen Appliances: Refrigerators go like hot bread. 

Check out her guide here.