If you’re looking for a great side hustle in 2023, you’ve probably heard of furniture flipping and maybe even considered trying to start flipping furniture for profit in your free time. But how do you get started? It’s probably easier than you think. In fact, in 2023, the climate has never been better for making a huge profit off of selling repurposed furniture!
In this guide, let’s go over furniture flipping and how you can start flipping furniture for profits and impress potential buyers.
What is Furniture Flipping?
So, you want to get started with a new side hustle in 2023 and furniture flipping sounds interesting. But what exactly is it?
Furniture flipping is a process of taking used furniture and transforming it into something new and beautiful. It involves sourcing furniture from thrift stores, flea markets, estate sales, garage sales or online sources, then restoring, upcycling or repurposing the item to give it a fresh look. Flipping furniture can involve painting, staining, sanding or adding new hardware or fabric to the piece.
Sometimes, furniture flippers just add a few new decorations, accents, or paints to a piece; other times, they might turn the piece of furniture into a completely new creation. One of the most appealing aspects of running a furniture-flipping business that draws new people into the industry is that you can exercise your creativity freely.
Once the transformation is complete, the piece can be sold for a profit. Because you’re reselling a piece of used furniture instead of purchasing brand new pieces, you’re also helping the Earth. Furniture flipping is an excellent way for entrepreneurs - or just people looking for a little extra cash - to make money while also helping the environment by reducing waste and giving old furniture new life.
Benefits of Furniture Flipping
If you want to start making money through furniture flipping, you’re probably not curious about just the hows but the whys, too. There are a lot of reasons why one might want to start furniture flipping; not only is this an incredibly fun hobby, it’s a lucrative one. If you’re considering starting flipping furniture but you’re not sure whether you want to commit to the business, you might want to take a look at the many benefits of starting your own furniture flipping business.
Furniture flipping is an excellent way to save money while still adding a unique touch to your home. By buying old furniture pieces, refurbishing them, and then reselling them, you can make a profit while also saving money on furniture purchases. Not only that, but you can also customize the pieces to match your own personal style and preferences. Furniture flipping is a great way to get the look you want without breaking the bank.
Yes, you can save money by flipping furniture - but you can also make money, too! If you’re a dedicated furniture flipper, you can pay your bills just by reselling furniture; on the other hand, though, if you want to keep furniture flipping as a casual business to make a little bit of extra money on the side, that’s also an option.
Better For The Environment
Making, shipping, and selling brand-new furniture takes up a lot of resources, and is thus not great for the environment. Selling repurposed furniture including couches, TV stands, nightstands, and more is a great way to put more money in your pocket while also helping the environment.
Not only is flipping furniture profitable, it’s a great opportunity to exercise your creative muscles! You can put any kind of spin you like on an existing piece of furniture and make it your own.
Tips for Furniture Flipping
Now that you know the benefits of furniture flipping, you probably want to dive right in and get started with your business. Before you get started, though, you’ll want to know the ins and outs of the business so you can not only know where to buy your furniture but which pieces you should leave on the shelf and which ones you should pick up (solid wood furniture for your living room, anyone?).
If you want to start making money flipping furniture, here are a few more detailed tips to help you get started.
Buying Your Furniture
As we’ve established, furniture flipping is a great way to make extra income while also giving old furniture a new life. It’s also an opportunity to get creative and use your imagination to create something unique. To get started, though, you need to know where to find furniture to sell. The best places to look are in your local community and online.
Thrift stores, rummage sales, free items on the side of the road, and family or friends can all be great sources of furniture for flipping. If you see yard sales in your neighborhood, stop by! You never know what amazing types of furniture you might find.
Another great place to look for used furniture that many people don’t think about is Facebook Marketplace. Many people list their old furniture for cheap on Facebook Marketplace and Craigslist when moving, making these great places to land some upgradable and resellable finds!
Once you have found your furniture, there are a few things you need to do to get it ready for flipping. You will want to break down the furniture’s condition and see if there is anything that needs repaired or fixed before bringing it in for sale. If necessary, the items can be fixed with some paint or other supplies that you may already have around your house, but if not – all repairs and refurbishing will need to be taken care of before buying and flipping the item.
There are a few extremely important things you should do before finishing up your furniture upgrades and putting your pieces up for sale. First, make sure you patch up any damages with silicone sealant. Silicone Sealant lasts a long time and will look attractive without leaving any marks on your furniture.
Upgrading Your Furniture
If you’re looking to make a quick buck by flipping furniture, you need to make sure your pieces are up-to-date and in good condition. Upgrading your furniture can make all the difference when it comes to how quickly it sells and how much money you can make. It’s important to know what upgrades are necessary for the type of furniture you’re working with, so that you can get the most out of each piece. From modernizing upholstery to replacing hardware, there are many ways to upgrade your furniture for flipping.
Modernize the Upholstery
Modernizing the upholstery of your furniture is a great way to turn it into something that’s more contemporary. You can use a fabric or covering on your furniture to update its look and make it more fashionable than ever. Fabrics are easy and affordable ways to change up a piece of furniture without completely overhauling it. Adding an accent color to the existing pattern can also help update your pieces, making them more attractive for flipping.
Replace the Hardware
Upholstered furniture is much more expensive to maintain than a piece with exposed wooden frames. Replacing hardware can help you save money and spruce up your pieces for flipping, by making them easier to care for. If you have some furniture pieces that are in bad shape or need to be updated, replacing the hardware can make all the difference when it comes to how much they’ll sell for.
Selling Your Furniture
Once everything is ready and looking good, it’s time to start selling your furniture! There are many ways that people sell their furniture, so you can choose the ones that you are most comfortable with.
You can sell furniture online on Facebook Marketplace, Craigslist, or even go to your local flea market to sell your furniture. If you are interested in selling in person, consider using a consignment store, where you can find outlets for your furniture and make some money in the process.
Before you list your items, you’ll need to set your prices. Take into consideration how much you purchased the items for, how much money you spent on upgrades and repairs, and how much time you spent working on the project.
Although it takes a lot of work, selling your furniture is worth it in the end because you will be making money and getting rid of others’ unwanted items that are taking up space and collecting dust. Turn that outdated chair from the thrift store and turn it into a comfy couch someone will love by applying a little TLC!
Fix Up Your Furniture With Silicone Depot
If you’re ready to get started with a new side hustle in 2023, flipping furniture is the way to go. It’s not only lucrative, but it’s good for the environment, and it’s a fun opportunity to exercise your creative mind in the process!
At Silicone Depot, we have everything you need to get started flipping furniture. Before you put your furniture on the market for sale, you’ll need to make sure it’s 100% up to your customers’ standards. To make that happen, you can repair any damages and even make additional upgrades using silicone sealant and other caulking supplies!
Get your silicone sealant from Silicone Depot today so you can rest assured that you’re getting the best, most reliable sealant on the market.