How can you make money flipping furniture for beginners?
You can make between $100 and $1,000 flipping furniture as a beginner. Find furniture that doesn’t require much effort to restore and modernize. Create the best staging photos and product listing you can to really sell your piece. List your furniture on Facebook Marketplace or Craigslist and wait for a buyer.
Imagine, making a full-time income by flipping furniture. You can work when you want by having furniture flipping as your side hustle.
It is possible to make a good amount of money with furniture.
Luckily for you, I’ll show you how to make money with furniture flipping. I’ll show you how much money you can make and things to avoid. You’ll be selling your first piece in no time!
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Is flipping furniture profitable?
Furniture flipping is profitable, but it can take a lot of time, energy, and materials. Profitable furniture flippers have an eye for stylish furniture, know how to restore, and know current market rates. There may be times when the product you’re flipping doesn’t sell or you end up selling for a loss.
How much money can you make flipping furniture?
Most casual furniture flippers will make between $100 and $1,000 per month flipping furniture. Skilled or professional furniture flippers can make over $10,000 per month. You can make more money flipping furniture by choosing projects that take little effort to fix up.
Ultimately, how much money you make flipping furniture depends on the project and the effort you put into this business.
Project flipping can be time consuming and it takes money to buy and use materials. Therefore, it’s important to consider your projects carefully.
Let’s take a look at two different furniture flippers from YouTube. The first video comes from Christina Muscari who found a couple end tables which she repainted. The second video comes from Jamie and Sarah who found a couple chairs which they tore the skirt off of.
Christina purchased the tables for $40, but sank an additional $28 worth of materials into the project. In total, she spent 5.5 hours restoring the end tables. The tables ended up selling for $200, resulting in $132 profit.
Jamie and Sarah bought two old golden chairs for $50. They ripped the skirt off each chair and sold them each for a total of $400. A total profit of $350 for only five minutes worth of work.
How to make money flipping furniture for beginners
To make money flipping furniture, you first need to find a project and restore it to look more modern. The majority of money made flipping is made through staging your furniture so people can envision it in their home. Estimate the cost of your restoration, create a detailed listing, and wait for an interested buyer.
Find a project
The first step in making money flipping furniture is to find your ideal project. You should check on Facebook Marketplace, Craigslist, and in thrift stores. Some of the best items are found in thrift stores and resold on Facebook Marketplace.
You want to select a project that requires minimal work to restore. As you saw in the example above, you can sink a lot of time into a project. You can make more money per hour by finding something almost ready to be sold.
Look for something that is easy to modernize. For example, the golden chairs in the video gave the impression they were ‘grandma chairs.’ However, ripping off the skirt gave the chairs a new and modern look.
Avoid items that are going to be hard to clean. Anything that is overly stained, has smells, pet wear, or pet hair should be skipped.
Determine how you’re going to restore the project. How can you make the project look more modern and something that you would want in your home? Keep track of the materials you used so you can help estimate how much to sell your furniture for.
Staging is the most important part of furniture flipping. You have to sell your furniture and make it look as attractive as possible to potential buyers. Having a staging area is one of the best investments you can make in your furniture flipping business.
Estimate cost of the project
How much did you pay for paint, brushes, tools, and the furniture? Do you want to give yourself an hourly rate?
You can’t skip estimating the cost of the project. Knowing how much money you sank into your furniture flip is crucial if you want to make a profit. Unfortunately, supplies and tools will be an expense that starts to add up over time.
List your project
Having a good product description is almost as important as staging. The words you use in your product description will either make or break your listing. Give as much detail as possible, including dimensions, recently refinished, or vintage status.
You should also include how you prefer to get paid. Don’t be afraid to ask for an upfront, non-refundable deposit to hold an item. A non-refundable deposit can help protect your time from buyers who aren’t serious about the purchase.
Wait for buyers
Now you have to play the waiting game to sell your furniture. You might get an offer quickly, which could be a sign that you priced the item too low. Should you not get an offer within a couple weeks, chances are the furniture was priced a little too high.
Buyers will try to negotiate, which is pretty typical for online selling. Don’t be afraid to counter back with your own price.
What is the best furniture to flip for profit?
The best furniture to flip for profit requires little effort to become in sellable condition. Putting work into a piece of furniture is ok, but it can quickly reduce your dollar per hour profit. Therefore, chairs and couches are some of the best furniture to flip for profit.
Summary: Make money flipping furniture
As you can see, it is possible to make money flipping furniture. You can source furniture from thrift stores, Craigslist, and Facebook Marketplace. The less effort you have to put into a piece of furniture to restore, the better.
Furniture flipping is profitable, but it does take a lot of time, energy, and effort. Casual flippers can make between $100 and $1,000 per month flipping furniture. Skilled furniture flippers can make over $10k per month.
The most important part of flipping furniture for profit is staging and your listing. Focusing on quality staging photos and product description will help sell the furniture to potential buyers. Nobody wants to buy a piece of furniture if it doesn’t look good.
Couches and chairs will typically take little effort to restore, but can sell for hundreds of dollars. Therefore, couches and chairs are some of the best items to flip.