Flip a Product
Outfit a phone or PDA (personal data assistant) with a scanner, scan
the ISBN numbers of books at used bookstores and thrift shops, and
compare the asking prices with what the books are selling for on a site
like Amazon. Whenever you get a good hit (which won’t be often but,
since the process is fast, won’t take long, either), buy the book and
resell it online. Be discreet about this, as the store managers probably
won’t like what you’re doing.
3.Go to police auctions.
You can find incredible deals here, and though may not be able to resell
a car that was involved in a serious crime, you can probably find some
spectacularly cheap jewelry that someone else would be happy to buy off
you.
4. Refinish ratty furniture.
If you have lacquer thinner, sandpaper, stain, and some craft sense,
you can buy worn-out furniture and fix it up for a great resale price.
5.Rescue battered wood. Pallets and pallet stock are
cheap (or free) and easy to come by. Look for untreated specimens at
construction sites, community colleges, buildings under renovation, or
shipping warehouses and plane them down and/or kiln-dry them in a
homemade kiln-dryer to uncover their hidden beauty. You can then resell
the wood as is or even turn it into beautiful furniture. (Be sure to
advertise that the wood is “reclaimed,” as people are often willing to
pay much more for this.)
6.Flip houses or apartments. If you are a handy(wo)man
with great design sense, a knowledge of what’s valuable in the
construction of a home, and assets you’re willing to play with, consider
buying, fixing up, and reselling real estate. This requires quite a bit
of up-front cash and elbow grease, but the payoff can be big.
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