The Modest Wallet is a free digital publication delivering its readers simple personal finance solutions. We regularly partner with brands that have products and services that will help our readers. Some of the links in this post are from our partners. How we make money.
The basic idea behind flipping items online is buying goods at a lower price and then selling them at a profit.
You will need to find a good market for both buying and selling. Buy at thrift stores or garage sales to get yourself a reasonable deal and then advertise and sell the products online or in a different market.
In most cases, your buying and selling markets/platforms will be different. You don’t need a lot of experience and skill for this and just about anyone can do make money by flipping items.
There are plenty of opportunities for everyone as this is something you can do as part-time work in your spare time. It’s a profitable way to make money from home.
Let’s know more about flipping items online to make money:
Where To Find Items To Sell
You need to make sure the items or goods you are planning to sell are in good condition and useful. It must be something that people would want to buy.
It can be difficult to find such items at a low price. To help you in this regard, we have listed a few good options:
In Your House
This is the easiest place to start from and best if you are decluttering your house.
You will find a huge variety of items at your home, from furniture to clothes to kitchen utensils. Start with something you do not need anymore but make sure to keep an eye on its condition.
The items should be good enough to be sold. Broken or defective items will not fetch you a good price and may even cause you to get a bad name.
You can sell almost everything, from 20 year old painting to a newly bought outfit. If there is too much furniture lying around, consider doing away with it. You will not only end up with a neater place but also a good amount of money in your hand.
Thrift stores offer a wide range of items under one roof. Going to a thrift store is like going on a treasure hunt, you have to have a keen eye as it can be difficult to find valuable things.
Look for tagged items as they will sell for a good price. Similarly, branded products also fetch good prices. The plus point of thrift stores is that the items you find there are relatively cheap.
Try to look for thrift stores in more affluent areas, they tend to amass higher-end products and even branded items that can get you considerable profits.
You can decide what items you are particularly looking for and then seek out buys with the most upside.
Apart from thrift stores, garage and yard sales can be quite rewarding as well. Look out for garage sales in good areas as you will be able to find valuable items there.
The thing about garage sales is that you need to be there on time, otherwise all the good items will get sold. Remember that others are also on a lookout for cheap and valuable products, so make sure to be quick.
Plus, garage sales also offer a unique bargaining opportunity. Most sellers are willing to sell items for peanuts as they just want to get rid of the goods.
eBay, Craigslist, Amazon can be good options if you want to shop online. These sites do not only offer new products but also used items at discounted rates. You may also consider Alibaba if you want to buy products in bulk.
You can buy a variety of products from such sites, from major items to smaller goods. While they offer security in the sense of escrow payments and other such options, remember that goods may be counterfeit.
It is your responsibility to look at product details and check the seller rating before you make a purchase. Also, pay attention to other factors that may add up to the cost. These include shipping charges, platform fee.
Having a proper understanding of how a specific platform works will help you find the right product at the right price.
Auctions and Estate Sales
The products at auctions and estate sales are finer and therefore a little expensive but you can find great deals there if you are willing to search them out.
Auctions are usually advertised in newspapers and websites. Subscribe to make sure you miss nothing. Most auctions offer major and expensive items like classic paintings, vehicles, real estate, etc. Hence, it’s a good option for people who have a good amount of money.
While auctions are a great option, the game depends on bidding. You must know the maximum amount you should pay for a product so that you never go overboard. Since bidding can be addictive, buyers usually end up paying more without realizing it.
Do your homework and be prepared to pick goods that you need.
Look for Discounts and Special Deals
Seasonal deals, special discounts, etc., can be a good option. You can buy products at a discount and sell when the market goes up. Many stores offer special discount codes that allow you to get up to 50% discount. Consider using these options but make sure to be careful.
A lot of products that come at a discount do not have a good market value. Plus, you will not be able to sell a product at a higher price if the discount is universal and everyone’s aware of it.
What To Consider When Buying Items To Sell
There are a few things to keep in mind when buying items you want to flip for profits. You have to make sure the items are in good condition and in demand.
Here a few things to pay attention to:
Profit Margin: You can usually make a higher profit with high-end brands because people are more interested in buying branded items. Also, if you are able to find unique items, they also sell at a decent profit.
You can check online on platforms like eBay and Amazon to know the worth of an item. Since these sites offer used products, you will understand how much your item will be worth when you decide to put it on the market.
Moreover, consider repairs as some small changes can offer a good return on investment. For example, a working laptop will sell more than a dead laptop. Consider how much it will cost to repair an item and what will be the profit after repairs. If you find the deal useful and go for it. However, in some cases, as-is might be a better option.
It’s all about understanding how the market works and what price a product would fetch.
Demand: Look for things that are in demand at the moment, for example, clothes are worn 24/7 but specific cuts and designs come and go. Similarly, there are seasonal items such as heaters, blankets, and jackets.
You need to know how much in demand a product is. TV show merchandise, for example, loses value once the show goes off the air, unless you have a very rare item and the show was a huge success.
Ease Of Sell: Some items can be harder to sell than others. For example, you will have to find a good place to keep big machines. Plus, they may even require maintenance until they are sold. This can add to the cost and shipping can be a bit of trouble as well.
On the other hand, an antique coin would be much easier to keep and manage.
Where To Sell
Fortunately, there are a number of apps and websites through which you can sell your items easily. Furthermore, you also have the option of selling locally without using the internet.
Here are some tips:
Social media can be a good place to sell items. Facebook, for example, now even has the option to sell directly via the platform. Moreover, Instagram has a shopping feature as well. You can use these options to reach your target audience.
About 2.77 billion people use social media platforms. The right post can help you reach them. If you do not want to utilize the buying feature, you can post an ad directly on your profile or pages that deal with buying and selling.
Get in touch with buyers, negotiate and close the deal, and make money.
Amazon or eBay
These websites are a viable option for selling products. There is a ready stream of buyers on these websites, with over 152 million active users on eBay alone and with mobile apps available for these websites, it’s easier than ever to buy and sell online.
They are user-friendly and very successful at helping sellers reach buyers. There are a number of listing options, for example, you can list it as an auction item or at a fixed price.
Get familiar with the system including commissions and costs.
You can design your own website and customize it according to your needs. It can be a good option for users who have a lot of items to sell.
Starting your own ecommerce store, however, can be expensive. You will have to hire a web developer to design the site. Plus, if it catches on then you will have to hire staff as well. However, you will save commissions you’d have to pay if you sell through third-party sites.
Note: You can also sell through your blog.
If you have a number of things to sell, a yard sale can be a good option for moving many items quickly. You can advertise in the local paper or through social media and let your neighbors about it. Placing a signboard outside your home can be a good option as well.
Remembering Digital Products and Tickets
Digital products such as digital coins can be a good option. Plus, you may also invest in event tickets. The demand for sporting events and concerts is high and tickets can fetch four times the price. However, it may not be legal in some countries.
Check here for some more ideas on how to make money online.
Trying Affiliate Marketing
Affiliate marketing by definition is the process of earning a commission by promoting other people’s (or company’s) products. Find a product you like, promote it to others and earn a piece of the profit for each sale that is made.
An affiliate can be a single individual or an entire company dedicated to marketing the seller’s product.
You can benefit from affiliate marketing by reaching a larger audience and selling more. Different companies offer different benefits. Look for a company that offers products that are in demand. Also, pay attention to commissions as it differs from partner to partner.
Moreover, study about a product before you sign on the dotted lines. A lack of information can cause your business to fail. Lastly, be careful about the company you work with as some can be scams.
See Also: 20 Unique Ideas to Make Money Online
Making Money Flipping Items FAQ
How much money can I make flipping items online?
It depends on what you sell, where you sell, how much you sell, and at what price. Some people make thousands of dollars buying and selling items online while some make a few bucks.
Is it legal to sell items at a higher rate?
It is perfectly legal unless you sell illegal items or items through illegal means.
How can I exchange goods?
You will have to get in touch with a courier company. In most cases, the buyer has to pay shipping but you can have a specific agreement in place.
How to accept payments?
Big sites like Amazon and eBay offer protection. You can also use PayPal and 2Checkout if you have your own website. They will charge a small fee though.
What’s the best item to sell?
The best item is the one that is easy to sell at a good profit margin. Clothes, antiques, etc., sell well.
How can I reach an audience?
You will have to market your products. You may post about it online or buy advertisement space.
Flipping items on the internet can be a very profitable business, one in which you can start making money fast. Follow the tips given in this how-to guide and stay focused. You will see profits in no time.
The Modest Wallet is a free digital publication delivering its readers simple personal finance solutions. We regularly partner with brands that have products and services that will help our readers. Some of the links in this post are from our partners. How we make money.
The perfect side hustle is like the perfect beer: hard to find, but irreplaceable when you’ve discovered it. Side hustles come in all shapes and sizes. From doing paid online surveys to starting a blog to selling your textbooks, there’s a universe of options when it comes to supplementing your income. One of the cleverest and most niche ideas is to buy, restore, and flip furniture for a profit.
As our consumerism has turned increasingly towards single-use, disposable items, people are letting go of quality pieces of furniture with plenty of life left — Some of them may just need some TLC. Read on for practical advice on how to flip furniture for profit!
How Do People Make Money Flipping Furniture?
The premise is simple. You look for undervalued furniture that people or second-hand stores are selling or giving away, buy it, spruce it up with some know-how and elbow grease, and sell it to the highest bidder.
Is Flipping Furniture Profitable?
Yes, flipping furniture is profitable. But there is a caveat. It’s not profitable for everyone. Hobbyists, in particular, may find that they’ve paid insufficient attention to the fundamentals of the business and that their profits are slim to nonexistent once their time is factored in.
I’m calling out hobbyists in particular because they are most likely to really enjoy the restoration process. They may spend inordinate amounts of time perfecting a piece because the work appeals to them, and choose not to focus on efficiency and decisions that allow for additional work and greater income.
The potential for extra hours per piece aside, furniture restoration is a profitable business, largely because of the way second-hand furniture is typically bought and sold. Usually, the original owners of a used piece of furniture will sell it at a significant discount prior to a move, or because of another life event.
Buyers are often charities and secondhand stores that price items well below market value (you can find desks at many Goodwill stores for $10 or less, as an example). Once your restoration-related value increase is factored in, you can frequently sell a used piece of furniture for multiples of what you paid for it.
Is Furniture Flipping a Scalable Side Hustle?
Furniture restoration is a difficult venture to grow. Much of profitability depends on the ability to spot bargains, efficiently spruce up old pieces, and effectively market to buyers. The lack of automation in the art can also make it difficult to find more hours to take on additional work beyond a certain point. And hiring employees isn’t a viable option without a steady volume of work at a full-time level (though if you’re particularly talented and you can market effectively, furniture flipping can become full-time work — but that’s beyond the scope of this article).
The relative lack of scalability is a downside that many people who enjoy furniture restoration are willing to accept. The fact that the business is difficult to scale means that competition is reasonable, and you’re unlikely to be muscled out of the market by a new platform or fierce rival.
The opportunity to become skilled at bargain-spotting, restoration and product marketing also allows for significant gains as you become more proficient. You’ll have an edge over those just starting out.
Why Is Flipping Furniture a Good Side Hustle?
There are a few other attractors to this side hustle. While profits are greater as you gain expertise in the various aspects of restoring and reselling used furniture, the opportunity to make money is immediately clear.
The flexibility offered by this gig is also a huge bonus. There are no set hours, no time requirements, and the product does not expire. You can work at your own pace and schedule.
The barriers to entry are virtually nil. You can start with a single, inexpensive piece and a few tools and supplies. All told, start-up costs should be, at most, a few hundred dollars. While you can invest more than that if you like, we’d advise that you keep your initial investment as low as possible to ensure profitability on your first few attempts.
In terms of growth, any relationships you form with regular buyers and sellers can be turned into regular contracts and monetized. While we can’t say that the sky’s the limit with furniture restoration, the limit is certainly high.
Pro Tip: If you’re looking to learn more about how to turn this side hustle into a full-blown business, we highly recommend you to take a look at the Flipping University course by Rob and Melissa over at Flea Market Flipper. The first year flipping full time, they were able to make over $133,000 in sales.
How to Get Started Flipping Furniture
Because a successful business in this space requires unique, specific knowledge and expertise, we recommend starting off slow and steady. Find one or two pieces, fix them up as best you can, and sell them for as much money as you can. Then, do it all over again. Learn from each transaction — learn what sorts of pieces are easiest to restore, what pieces sell best, and what types of furniture are easiest to find in order to maximize profit. What Type of Furniture Should You Look For?
While the answer to this depends on the facilities and resources available to you, there are some general tips that work for everyone.
First and foremost, it’s important to emphasize that when you’re just starting out, stick to inexpensive pieces. There’s no sense in buying an antique armoire if you’ve never restored furniture before. It’s better to hone your craft on simpler and cheaper pieces.
Second, you may have better luck with real wood (as opposed to pressboard) and metal furniture. Wood and metal hold up better to reworking, and solid pieces constructed with these materials can increase in value as they’re restored. (However, it’s important to note that with the increase in factory-made pieces, solid wood furniture has become harder to find.)
Third, the furniture should not be so difficult to restore that an increase in value is only achieved after dozens of hours of labor. Look for high-return products with easy-to-fix flaws. Scuff marks, missing feet, and wobbly legs are all great candidates for simple fixes and quick turnarounds.
Where Can You Find Furniture to Flip?
Re-sellable furniture can be found in dozens of places, but a few common channels can make picking up pieces and selling them easier.
Put the word out on Facebook, Instagram, Snapchat, and WhatsApp that you’re looking to buy old furniture at a bargain. People will often respond — especially if you offer to pick up pieces for free. (In many cases, you can even convince the seller to part with the item at no cost if you offer free pick-up.)
Keep an eye on online marketplaces for local goods. Facebook Marketplace, Craigslist, Kijiji, eBay, and similar sites can be excellent sources of furniture. Keep in mind that you’re likely going to need to buy locally and pick up the products yourself in order to maintain your profit margins. (Shipping furniture is expensive.)
Check out your local second-hand and charity outlets. These places are a goldmine of barely used and hardly scuffed furniture, offered at a fraction of the original price.
Ways You Can Restore Furniture
There are a few standard fixes for common problems that crop up with second-hand furniture. The most common is a new paint job — for scuffs, or to update an outdated piece. New paint or varnish can work wonders on an older chair or dresser.
Believe it or not, some fixes are as simple as replacing or even just tightening screws and fasteners. Many wobbly chair legs or shaky cabinet feet can be repaired this way.
Of course, not all jobs will be this simple. You may have to match and replace parts or recreate wooden parts for dressers and beds. As you gain expertise, you’ll come to know what fixes are simple, and what jobs are best left to others.
The Best Places to Sell Furniture Online
The best way to begin selling furniture is to go online. The internet offers a variety of online marketplaces that specialize in matching sellers to local buyers.
Bonanza is an online platform that connects sellers and buyers. Sellers can post items for free, and you only pay a fee to the platform when an item sells. Keep in mind that your buyer may not be local, so you’ll need to sort out a shipping solution.
Letgo is an online second-hand marketplace designed to cater to local markets. Buyers select a location, price range and listing category, and search for the things they need. Sellers post pictures and descriptions of what they want to sell, along with their location. It’s free to post an ad.
OfferUp is very similar to letgo. It’s an online marketplace designed to connect buyers with local sellers of goods. Unlike letgo, OfferUp allows you to make payments within their app to ship items to your buyers. OfferUp strongly encourages meeting your buyers in person.
Etsy is an online marketplace dedicated to showcasing people’s homemade and unique wares. It’s a popular platform for those who make and sell all kinds of creative items, from furniture to jewelry to crafts, games, home decor, and more. Etsy can be a great market for your lovingly restored furniture.
Facebook Marketplace is like a classified service, and it’s available in connection to the Facebook platform. With a user base of over two billion, you won’t lack for potential buyers. You can post items for sale for free, or you can use Facebook Ads to promote your items and get more eyes on your furniture.
Chairish is a fantastic marketplace for unique and one-of-a-kind decor and furnishings. It’s like Etsy, but it’s specific to the decor and furnishing niche. It’s tailor-made for a furniture restorer, especially if your work has an idiosyncratic or distinctive quality.
AptDeco is a service available in the NYC metro area. It’s like Craigslist or letgo, but AptDeco charges substantially higher fees in exchange for more services to make selling easier. — AptDeco will handle delivery, returns, item inspection, and will even help you with pricing.
Everyone knows eBay. It’s the massive online auction site where you can buy almost anything. Just post your item for sale, set a reserve price (the lowest price a seller will accept for an auctioned item), and wait for customers to bid on your furniture.
Craigslist is the original online marketplace for local goods. Founded in 1995, Craigslist has categories for anything you could hope to find. It’s been used by millions of people, and it’s a great choice for people trying to unload furniture online.
Shopify is a premium online shopping platform. You can use this what-you-see-is-what-you-get marketplace to create your own shop for all your restored furniture. (We only recommend going this route if you have a significant number of pieces to sell on a regular basis.)
How to Maximize Earnings Flipping Furniture
There is not secret sauce when it come to flipping furniture, however you can make the most of it by following these simple tips.
Just like when you want to flip a house, you need to find a good deal on the furniture you want to flip. This is very important if you want to make the most of your flipping efforts.
Think about all the time and money you’re putting into restoring that piece of furniture, so you need to be able to add value so you can increase the selling price.
There are lots of places where you can find really inexpensive pieces of furniture. It’s all about looking in the right places
Keep an Eye on Supplies
So you bought a price of furniture at a reasonable price, the next step is to use good restoring material and supplies but at a lower cost. In other words, don’t spend too much on your supplies as they will erode your profit.
We know you want to use the best of the best for when restoring furniture, but there is a time and a place for everything. However, you need to watch what you buy and where you buy your supplies.
You may want to consider going to wholesalers or buy supplies in bulk for a good price, even if you’re not going to need them for a while. Buy at a discount and stock up!
Keep and eye out on garage or yard sales as you can find good deals here as well.
Take Good Photos
A photo is worth more than a thousand words, especially when you are selling online. Good quality photos will make your newly restored furniture stand out and sell quicker.
Make sure you take different photos showing details and different angles. The more photos the merrier. Also, ensure your photos are high-definition and not cropped as this is definitely a turn off for buyers.
Your furniture should be the focus of the photo, not your cat or 100-year-old lamp on the background. Natural lighting is always ideal to take great photos!
You don’t need a fancy camera to take good photos. It’s all about the lighting and composition. Your phone camera should be good.
Be as descriptive as possible with your ad. Make sure you include relevant details like dimensions, colors, weight, materials, etc.
The more details you include in your description the better. People want to know everything about the product without physically seeing it.
This is a big one. People pay for convenience so offering shipping is a huge bonus and will definitely differentiate you from other sellers.
Offering “shipping” is not as complex as it sounds. If you were able to move your furniture around when you were restoring it, chances are you will easily be able to ship it without needing any fancy tools or equipment.
There’s great potential built into this rewarding side hustle if you have the skills and the interest to take on furniture flipping. We’ll leave you with a few key takeaways from the article:
- You can earn money flipping furniture, even if you only have a few hours per week to spare.
- The idea behind furniture flipping is simple: Find undervalued, used furniture, restore it, and sell it at a premium.
- Develop the knowledge and expertise required to identify bargain furniture, quickly restore it to its full potential, and market it effectively.
- Scaling the business beyond a one-person operation can be difficult, but it is doable if you find yourself with substantial work.
- Pay attention to developing relationships with regular buyers and sellers to grow your business.
- Getting started is extremely easy. Just grab a few supplies and head over to your nearest second-hand or charity outlet for your first project.
- Many online marketplaces facilitate local and nationwide furniture sales. Choose the one that’s best for your niche, and start promoting your work!
The good thing about flipping furniture is that you can do it to make extra money on the side or to turn into a full-blown business. It’s all up to you.
The Modest Wallet is a free digital publication delivering its readers simple personal finance solutions. We regularly partner with brands that have products and services that will help our readers. Some of the links in this post are from our partners. How we make money.
The best ways to make money online depend on what you hope to accomplish. Are you looking to make money online fast? Do you hope to make large amounts of money online? Do you want to make money over the long term? Do you want to make passive income online? See, how to make money online is all about your objectives.
Your goals will determine the best way for you to make money online. In this article, we’ll show you what we think are the simplest, fastest, and most reliable ways to make money online. Which ones you choose to follow depend on your particular circumstances and your individual characteristics. Read on below!
40 Ways to Make Money Online
We’ll break up our list of the best ways to make money online by the different categories of money-making opportunities the internet offers. Whether you hope to make money fast, make a lot of money, or pick a more unusual route, we’ve got you covered.
At the outset, we’ll caution you that there are no “Get Rich Quick” schemes here. If you’re looking for those, you’re better off looking elsewhere. On the internet, just like offline, you can make money by working hard, keeping at it, being nimble and creative, and enjoying a little bit of luck. If you can achieve those things, you’ll make money online.
Make Money Fast
These options are for those who want to make money now. All of the items on this list allow you to start making or saving money immediately. The amount of money you’ll make is generally less than you’d make in the freelancing or online business sections of this article, but you’ll make it faster than you would with those options.
Also, keep your eye out for ways to combine the ideas in this section of the article with the others. For example, a cashback app may be great to use in conjunction with freelancing so that you can do more with the money you earn doing the latter.
Cash Back Apps
As we always say here at The Modest Wallet, saving money is making money. If you’re able to reduce what you spend on everyday items, whether by earning cash back, using coupons, or finding a lower price at another store, you’ll wind up with more money in your pocket.
That’s why we love cash back apps. They reduce the overall cost of things you were going to buy anyway, increasing your disposable net income. You can then use the money you’ve saved to invest in a new venture, or simply sock it away for a rainy day.
While there’s a universe of options in the cash back app space, our favorites are Rakuten, Ibotta, and Dosh. There’s something for everyone in this collection of apps, regardless of whether you’re looking to save on groceries, consumer electronics, or restaurants.
As we said above, saving money is as good as earning money (we can’t emphasize that enough). And nothing saves money like a coupon. Of course, modern-day coupons are usually of the digital variety, as opposed to the kind you clip out of newspapers, but they work the same way.
Our favorite couponing apps are Swagbucks, Wikibuy, and Honey. They all work in slightly different ways, but the idea is the same. Use promo codes and special deals to reduce the cost of what you’re buying online.
Wikibuy is owned by Capital One, and Honey was recently acquired by PaPpal for $4 billion! These are highly reputable companies that keep your information safe and secure so you can rest easy.
Surfing the Web
At Swagbucks, you can make money by surfing the Web. Assuming you have an account, all you have to do is follow the directions found at the following link to make the Swagbucks search bar your default search engine.
Once you’ve done that, use the search bar to find whatever it is you’re looking for online. While it may take some getting used to using a search that isn’t Google, you’ll get the hang of it quickly.
Every time you search, you’ll earn points on the Swagbucks website that you can redeem for gift cards or money in your PayPal account.
Paid Online Surveys
Paid online surveys are a great way to make a bit of (virtually) instant cash. The premise is straightforward. Companies approach survey companies for market data that’s relevant to the consumers they serve. Survey companies provide those surveys to you and share some of the money they make from the companies with you, in exchange for your completion of the survey.
While there are myriad online survey companies, we really like Survey Junkie and Vindale Research. Both of them focus heavily on the actual taking of surveys, whereas some survey companies choose to provide a bunch of other ways to make money that distract from the survey-taking experience.
You’ll want to know going in that one of the major annoyances associated with taking online surveys is that you’ll frequently enter a lot of information about yourself, only to find out that you’re not demographically qualified to take the survey. So be prepared for that.
Watch Videos Online
It doesn’t get much easier. Yes, you can watch videos online for money. It may seem too easy to believe, but there are actually companies out there that will pay you to watch short clips of content.
While there are others out there, InboxDollars is our favorite. It serves up short movies that you can watch in exchange for a small amount of money.
You won’t get rich doing this, as the reward for watching the clips is relatively small, but you’ll still make more than you would just by watching Netflix or hanging around on the couch in the evening.
Sell Your Stuff
You may have free money right under your nose and not realize it. Many people make a pretty penny selling the things they don’t use or need.
Decluttr is a great website that allows you to sell your old DVDs, CDs, phones, tablets, and other consumer electronics that you no longer use. Just download the app or go to the website and either scan your item’s barcode or enter the name and model number of your tech on the site. You’ll get an instant offer for your stuff.
For a more specific use case, consider Bookscouter to get rid of old textbooks and other books. This is a great site that collects and displays what all the online book-buying sites will give you for that gently used copy of Physics For Dummies that’s been lying unopened on your bookshelf.
Sometimes, a few hundred dollars can make all the difference — if you can access the money quickly, that is. At times like these, the ability to make $500 fast can be a godsend. But it can be hard to find solutions that pay hundreds of dollars AND get you your money quickly. Often, you’re forced to wait for weeks before you can enjoy the financial fruits of your efforts.
Well, not anymore. There are places you can go to find jobs that pay you hundreds of dollars, and quickly. Continue reading below to find our best strategies to make $500 fast!
30 Ways to Make $500 Fast
Here are the 30 best ways we’ve found to quickly make $500 online. Most of these strategies are available to almost anyone, so you’ll definitely find an option that suits you on this list.
Take Paid Online Surveys
There are tons of websites online that promise to pay you cold, hard cash in exchange for filling out surveys. You’ll want to be careful to separate the scams from the legitimate opportunities. We suggest that you stick to the survey companies that have been around for years, and that have a proven history of paying their survey takers, and paying quickly. Those companies include:
See Also: 18 Best Paid Online Surveys Sites
While you’ll earn money easily on these sites, you’ll have to use significant concentration to take surveys quickly enough to make a few hundred dollars. That’s because you won’t make a lot of money on each individual survey. You’ll need to speed through these as quickly as possible, while still answering each question thoughtfully and accurately.
Get Paid to Watch Videos
Even easier than taking surveys is watching videos. It’s one of the simplest ways we know of to make money fast online. This strategy works because the videos are branded, and advertisers pay companies to distribute them to people who will trade their time and attention for small cash payouts.
Like filling out surveys, you won’t make a killing doing this. In fact, the payments are quite small. In our view, this strategy is best combined with any of the others on this list to make $500 fast. Or you can use it as an adjunct to one of the other strategies. For example, if you choose to babysit for extra money, use the time after you’ve put the kids to bed to watch videos and do some online surveys. You’ll make money three ways!
Check out InboxDollars as this is one of the best services out there to make money watching almost anything.
Babysitting is a classic way to make extra money. The money can be good enough to justify doing the work full-time. How much you’ll make depends on your experience, your qualifications, your clients, and the market you’re in. For example, a highly qualified and experienced caregiver who works for wealthy people in Manhattan will command a higher fee than a teenager in rural Ohio who’s just starting her first job.
That said, even less experienced folks can make money quickly babysitting. And the best part is that babysitters usually get paid immediately after the job is done.
One last thing — If you don’t feel like doing the marketing and networking yourself, you may want to check out Sittercity. This online service connects qualified caregivers with parents in need of a babysitter. It can be a great shortcut to meeting amazing clients.
Walk Dogs or Pet Sit
People will pay big money to ensure their children are taken care of. They’ll often pay well to guarantee that their animals are well cared for, too. If you’re in an area where a lot of households have pets (and who isn’t?) consider using your time to walk dogs or pet sit.
If you don’t feel like doing the manual legwork and putting up flyers to find clients, check out an app called Rover. Rover will connect you with pet owners who need dog walkers and pet sitters. You can even choose to be paid in cash immediately after a job (if that’s cool with your client). Depending on how many walks you do per day, you should be able to make $500 fast.
Do you like the idea of taking care of something, but you’d prefer that thing wasn’t a child or an animal? Why not check out Care.com? Along with the opportunities for senior caregivers, babysitters, and pet sitters, you’ll find postings for housesitters. These gigs are perfect for people who want a side hustle that still gives them time and energy to pursue a second (or third) interest.
For example, you can take a house sitting gig, and while you’re watching the house, teach English online (see the VIPKid gig below), or pick up a freelance hustle on Upwork.
Search the Web
Some websites will allow you to monetize your internet searches. Swagbucks is just one of these websites. If you’re confused about how this works, you’re not alone. After all, how can you possibly make money just searching for something online?
Well, in their never-ending quest for personal data, some companies will pay for information about what you’re searching for. To facilitate this, Swagbucks has created a Yahoo!-powered search bar that tracks what you’re searching for and pays you a small amount of money for every search.
As with some of the other items on this list, you won’t make a huge amount of money searching the Web by itself. But, if you combine it with a few of the other strategies on this list (online surveys, anyone?), you’ll effortlessly top up your income. Again, if you combine strategies, you should be able to make $500 fast.
Do you have reliable transportation? Do you have a smartphone? Can you pass a simple background check? Are you over 18? If you answered yes to all those questions, chances are good that you can be a delivery driver for DoorDash.
You’ll need to meet a handful of requirements, and you’ll need to live in an area where the service is available, but DoorDash delivery allows you to access reliable extra income and additional tips. DoorDash pays all of its drivers on a weekly basis by direct deposit, so you’ll barely have to wait for your next paycheck.
If delivering takeout isn’t quite your thing, but you’re still in the market for some kind of delivery job, Instacart or Postmates might be your ticket to a quick payday. Instacart will have you deliver groceries to clients in your area, while Postmates offers clients everything from alcohol delivery to office supplies.
If you don’t have a car, you can become an Instacart shopper. These folks stay in the store and collect the desired items off the shelf while someone else picks them up and delivers them to the client. You should be aware that these two jobs don’t offer the same hourly wage. You can make $500 fast depending on the hours you put in.
(Editor’s note: Uber announced its acquisition of Postmates on July 6, 2020 for $2.65B in stock.)
Before a software product (like a game, app, or web app) goes to market, it’s often exhaustively user-tested. Companies perform user testing to work the bugs out of their software, make it easier to use, and improve various features.
But not every product has a large enough base of users for reliable testing. That’s where usertesting.com comes in. The website will allow you to test software products for paying clients.
To do well on this site, keep in mind that you’ll be rated by the person who paid for the testing — based on how valuable your feedback is. So keep your feedback professional, honest, and actionable.
Make Money Driving
If you’d like to make your money behind the wheel of a car, but don’t want to deliver groceries, booze, or office supplies, why not consider Uber or Lyft? Both companies will let you drive passengers safely from Point A to Point B while making a decent amount of money.
If you’re going to be a driver for Uber or Lyft (or anyone else for that matter), always remember to keep an eye on your fuel, maintenance, and vehicle depreciation costs. They can eat into your profit margins if you’re not careful.
Driving is probably one of the best ways to make $500 fast.
If you’re not up for complex tasks and just want to help out another person with something basic, consider giving Taskrabbit a try. Taskrabbit is an app that connects people who need errands done with people who are willing to do them for a fee. Housecleaning, shopping, landscaping, and small appliance repair are just a few of the duties you’ll find advertised on this app.
If you’re going to use TaskRabbit, keep a close eye on your user feedback. Your clients’ experiences can make or break you on a site like this, and you’ll want as many five-star reviews as possible to help you land that next gig.
Sell Your Jewelry
This one’s pretty straightforward. If you have any valuable jewelry lying around and gathering dust, why not convert it to dollars and cents? Unless it has sentimental value, there’s not much use in having jewelry sitting unused in a drawer.
But it can be difficult to sell jewelry effectively. Many reputable jewelry stores don’t take secondhand items. Pawn shops can seem intent on ripping you off. You’re better off giving Worthy a try. This site will take custody of your valuable jewelry, appraise it, verify its authenticity, and post it for auction. While they’ll take a small cut of the proceeds, most of the money will wind up in your pocket.
Depending on how much your jewelry is worth, you should be able make $500 fast if it’s in high demand.
Sell Old Stuff
This advice can be harsh medicine for the pack rats among us. (You know who you are!) But if you’ve got a small fortune in old, random stuff just sitting around your place, why not try selling it to the highest bidder?
One of the best ways to do this is to organize an estate/yard/garage sale (your preferred terminology will depend on the region you’re in). You can generate a ton of walk-through traffic and improve sales just by putting up a few signs and posting a couple of reminders in your local Facebook groups.
Check out a website called Decluttr where you can sell anything from DVS to phones and computers. If you stuff is in good conditions, you can make $500 fast.
Cut Unwanted Subscriptions
Many people don’t realize how much money they lose every month in unwanted, unneeded subscription fees. Unused cable channel packages, for example, can cost you upwards of $100 per month, while excessive cell phone packages can run up similar costs.
We’ve written it before, and we’ll write it again: Saving money is making money. If you can save yourself $250 per month on unnecessary subscription costs, you’ve basically given yourself a significant raise.
Sometimes, you don’t want to give up a service entirely. You just want to pay less for what you’re getting. That’s where Trim comes in. Trim is a service that will negotiate with your cable, cell phone, and utility providers to attempt to secure promotional and discounted rates for the services you’re already getting.
This is an amazing option for those who aren’t great at (or just plain hate) negotiating. You should be aware that Trim takes a sizable cut of the money that it saves you. But since they only charge a fee if they save you money, you’ll still have money in your pocket at the end of the day.
Rent Out Your Car
Let’s face it. As much as you might love it (or hate it), your car is usually a massive liability. Fuel costs, depreciation, insurance, and repairs all add up to be a major drag on your finances. But what if you could turn that liability into an asset?
That’s what GetAround promises to do. With this app, you allow people online to rent your car for a pre-set rate (that varies with the make, model, and year of your vehicle). So instead of sitting there and gathering dust while you’re not using it, your car can generate passive income to help offset some of the expenses we mentioned above. What’s not to love?
Depending on how often you rent your car out, or if it’s in high demand, you can determine if you can make $500 fast.
Get Cash Back and Rebates
If you’d like to save significant amounts of money on everyday purchases, you might want to give Rakuten a shot. This cash back app offers savings on groceries, personal electronics, and lots of other items that many of us frequently buy.
Rakuten will send your accumulated cash back to you once per quarter. Given the significant savings that Rakuten can generate, each quarter will bring you a check in the hundreds, if not thousands of dollars (if you have a lot of expenses). If you combine cash back rebates with coupons and other strategies from this post, you should be able to make $500 fast.
Save Money on Groceries
Similar to Rakuten, but more focused on grocery shopping, Ibotta gives you access to significant savings on your grocery purchases. Rather than paying out quarterly, you can choose when Ibotta will send you your accumulated cash back. So the payments can be pretty frequent, especially if you shop for a large family.
In case you’re wondering, these programs work by collecting your consumer data. They either use the data to deliver ads or sell it to third parties. That makes some people uncomfortable, but for most of us, the substantial savings are well worth the privacy trade-off.
Sell Your Crafts
If you’re particularly “crafty,” you absolutely need to be on Etsy. This digital marketplace for all things vintage, cool, homemade, and quirky can open up untold opportunities and massive markets for your home-based business.
The trick to making a successful go of selling on Etsy is to “niche down” into an area that’s underserved on the site. (For example, instead of just making jewelry for everyone, consider making a product that appeals specifically to young brides.)
Don’t make the mistake that too many people make and underprice your product(s). If you design and create quality pieces, make sure that y
If you need an easy way to make money online, then getting paid to search the Web is a great option.
There are three main ways you can accomplish this: using a different search engine, installing a data collection app on your phone or computer, or getting a job as a search engine evaluator.
Each of these strategies has its pros and cons, and will suit people in different circumstances. Here is a rundown of how each one works.
Replace Your Default Search Engine
Several services pay you to use a search engine they provide, rather than the one you currently use. You can typically set this up by replacing your default browser search engine or setting your homepage as the search page.
If you choose to earn money this way, you will typically earn a few cents every day. While it isn’t a lot, it does result in extra cash in your pocket every month. The main benefit is that you do not have to do anything other than use the search engine to get paid. This is one of the best strategies to get paid for searching the Web.
Join Data Collection Apps
Data collection apps are programs you install on your computer or mobile device(s) that collect information about how you use the Web.
Once the info is collected, it’s used for research. These apps are easy to use, and once they’re up and running, you don’t have to do anything to get paid. You can install the apps on multiple devices to maximize your earnings.
Search Engine Evaluator
Working as a search engine evaluator is a part-time job that typically pays per hour. If you are hired for this job, you will analyze and provide feedback on the relevancy of search results. Search engine evaluator jobs pay more than the two options listed above, but they are not passive income. The main benefit of these jobs is that you can work at home, around your own schedule.
13 Easy Ways to Get Paid for Searching the Web
Here are 13 different options you can explore to get paid to search the Web. We have included several platforms from each of the above categories.
Swagbucks pays you when you search the Web using Swagbucks Search, the platform’s Yahoo-powered search engine. The site pays you in Swagbucks (SB) Points, which it gives out randomly. This means you won’t get paid for every search you make. When you earn points, a notification pops up, and you need to click on the notification to claim them.
It’s incredibly easy to get set up, and it works on the main browsers. Just sign up for Swagbucks, then set Swagbucks Search as your default search engine in your browser settings. Once that’s done, every time you search using your browser search bar, you will have the chance to earn.
Pros: You earn money passively for searching the Web as you normally would. The ability to switch your default browser makes earning super easy.
Cons: You will have to get used to slightly different search results.
How Much Can You Make? Swagbucks are awarded randomly, in amounts ranging from 1SB to 1000SB; 1000SB is typically worth $10.
How Do You Get Paid? You can exchange SB Points for gift cards from popular brands or PayPal credit.
InboxDollars has a search engine that lets you win scratch cards for searching. Every four searches adds a little to your progress bar, and when it is full, you get a card. These can pay up to $100, although typically you will get anything from just a few cents to $0.25.
The easiest way to use the platform is to set up the InboxDollars search page as your homepage. That way, whenever you need to perform a search, you can open a tab and search right away. You can also use this search page on your mobile device to increase your earning potential.
Pros: Works on mobile and desktop. It’d be easy to see your progress towards rewards. Our second favorite way to get paid for Searching the Web.
Cons: You need to remember to use the InboxDollars search page.
How Much Can You Make? People have claimed to earn two or three scratch cards per day, which results in $0.05 to $0.25 in daily earnings.
How Do You Get Paid? You can exchange points for gift cards, PayPal, or even check.
Qmee is a good option if you’d rather stick with your existing search engine, but still want to get paid. When you search the Web with the platform’s browser extension installed, it shows you additional results in the search bar. You earn when you click on one of these results.
It works because brands pay the platform to advertise to you. Qmee gets paid per click and passes on some of that money to the user. To get started, you just need to sign up to the service and then install the Qmee browser extension.
Pros: You can keep using your regular search engine.
Cons: Not all searches provide earning opportunities, and you only get paid when you click on a sponsored result. Overall not the best way to get paid for searching the Web.
How Much Can You Make? You typically earn a few cents per click.
How Do You Get Paid? Either via gift cards or PayPal.
iRazoo pays users to search when they use the platform’s Yahoo-powered search engine. You can search via the website search bar or by changing your default search engine to iRazoo. This works with Chrome, Firefox, Internet Explorer, and Microsoft Edge. When you win a reward, just click on the box to claim it.
Pros: Works on popular browsers. You can set iRazoo search as your default engine.
Cons: Daily earnings are capped at 25 points.
How Much Can You Make? You can earn between 1 and 25 points per search, and you can win up to 25 points each day.
How Do You Get Paid? Once you have 3000 points, you can claim a $5 reward. Rewards are gift cards or PayPal credit.
Microsoft Rewards lets users collect points for searching with its Bing search engine. Users earn five points per search, and you can collect points on desktop, mobile, or tablet.
You can search via Bing on any browser — although you can reach higher levels (with higher point limits) faster by using Bing and the Microsoft Edge Browser. As long as you are signed into your Microsoft account, you’ll collect points. You can also earn points on mobile by searching in the Bing app.
Pros: As long as you are signed in, you can earn points, and Microsoft is a well-known brand name.
Cons: Level One members are limited to earning five points per day.
How Much Can You Make? Level two members can earn up to 20 points per day. The company says that 5,000 points will typically let you get a reward worth $5. This is another good way to get paid for searching the Web.
How Do You Get Paid? You can choose gift cards, sweepstake entries, or non-profit donations.
Publishers Clearing House Search and Win
The way you earn with the Publishers Clearing House search engine is a little different compared to the other options on this list.
Instead of earning a few cents whenever you search, you have the opportunity to win prizes. While this means you are more likely to receive nothing for your efforts, the overall larger prizes could be worth it.
The way it works is simple. You just need to sign up to Publishers Clearing House, and then use its search engine.
The company’s instant win engine randomly chooses winning times every day, and the first person to search after a randomly chosen time wins a prize. Prizes could include cash, gift cards, and electronics. You can access the search engine on both desktop and mobile devices.
Pros: You have a small chance of winning large prizes.
Cons: You may end up with nothing.
How Much Can You Make? The company gave one sweepstakes winner $100,000. But a win this large is unusual.
How Do You Get Paid? Prizes under $600 are in the form of either online gift cards or prize checks sent via mail. Prizes over $1,000 are sent via overnight mail or in-person, while prizes of $1 million or more are awarded in-person.
Wonder is a service that provides research to companies. You can earn money by searching the Web to find answers to questions.
To begin working for the company, go to this link to send in your application and take a practice test. If you are accepted, you can head to the dashboard, where you will see all available research tasks. Then, just complete the task and send in your findings. It’s a good way to earn extra money around your existing schedule.
Pros: Work according to your own schedule. Earn more money than other options.
Cons: This is a job. This is not getting paid for your own searches.
How Much Can You Make? According to Wonder, researchers can earn $15-$25 an hour, depending on the tasks they complete and how quick they are. (This rate isn’t guaranteed, though.)
How Do You Get Paid? Wonder researchers get paid every two weeks by PayPal.
SmartApp is an app from research company Verto Analytics that collects data about how the app’s users interact with their phones.
People who sign up to the service must install an app on their phones. They will then earn rewards that they can begin to redeem after 30 days. Users can install the app on their phones, tablets, and PCs.
To begin using SmartApp, you should let the company know you are interested via the form on its website, and it will contact you if a suitable study becomes available.
Pros: Requires no work, other than installing an app.
Cons: Only those invited after signing up can use the service.
How Much Can You Make? You make $5 every 30 days, plus loyalty bonuses every three months.
How Do You Get Paid? SmartApp offers cash payments, gift cards, and vouchers.
Nielsen Computer & Mobile Panel
Nielsen Computer and Mobile Panel is a market research firm that collects data on how people browse the Web. You just need to sign up, and then, if accepted, download the app to your devices.
Once set up, you will be entered into sweepstakes for your desktop browsing. Nielsen says it gives away $10,000 to users each month. If you install the app on a mobile device, you will collect points, and the company says you can earn up to $50 per year. There is a mobile app that lets you keep track of earnings.
Pros: Easy to use across multiple devices. Completely passive income.
Cons: Your online activity is shared with the company.
How Much Money Can You Make? You can earn up to $50 per year for mobile browsing, plus prizes from sweepstakes.
How Do You Get Paid? You can cash out for gift cards from brands, including Amazon.
See Also: 20 Best Online Jobs for Teens
MobileXpression is an app that you can download to your phone that analyzes how you use the mobile internet. This information helps companies understand trends and how people use the mobile Web.
Once the app is on your phone, you don’t have to do anything other than use your device as you normally would. This makes it among the easiest ways to earn passive income.
Pros: You don’t have to do anything other than install the app.
Cons: Your online activity is shared with the company, although the company says research reports never contain personal information.
How Much Money Can You Make? The site doesn’t say, other than mentioning that members are guaranteed rewards for their participation.
How Do You Get Paid? You can earn gift cards, although the site does not specify the store brands.
SavvyConnect is a service from SavvySurvey that pays you to participate in market research by browsing the Web.
You can install the software on desktop and mobile devices. The company pays $5 per month for each device, as long as you adhere to the company’s terms and conditions. The service collects data about how you use the Web on different devices, which it uses for market research. You can also complete surveys using the tool.
Pros: The income is completely passive, and you receive money for up to three devices.
Cons: Your online activity is shared with the company.
How Much Money Can You Make? You can earn $5 per month per device for surfing the Web.
How Do You Get Paid? You get paid by check. You can request payment once you have accrued a minimum of $1.
UserTesting is a site that pays you to test websites and apps. To sign up, just fill out the application and complete the practice test.
Be sure to follow the instructions properly to have the best chance of being accepted. Once your application is approved, just log onto the website to check out the latest opportunities.
If there are none available, the company will email you when tasks arise. There is also a mobile app you can use to get opportunities on your phone.
Pros: Relatively high pay. Work when you want, around your schedule. This is a great way to get paid for searching the Web.
Cons: The income is not passive.
How Much Can You Make? This will depend on how quickly you complete the tasks and how many tasks you qualify for. Each task typically pays $10 and consists of a 20-minute video, plus answering some questions. Occasionally, you may be able to do a live call, which pays $120.
How Do You Get Paid? The only payment option is PayPal.
Search Engine Evaluator Jobs
Search engine evaluators analyze search results to improve results pages. You will typically work part-time from home and earn an hourly wage. The content you’ll evaluate depends on your role. Some people use their second-language skills to assess search results not in English. Some assess ads on social media platforms. And others review and evaluate video search results. You can find search engine evaluator jobs at Lionbridge and Appen Connect.
Pros: Earn an hourly wage. Work around your schedule.
Cons: Not passive. Some jobs have specific requirements you may not meet.
How Much Can You Make? This will depend on the role and the hours you work. Jobs typically start at around $10 per hour.
How Do You Get Paid? You get paid by bank transfer.
The options in the list above won’t make you rich. But they do pay. Many of them require little to no effort. And you may be able to earn more by using multiple services.
The highest-paid tasks on our list are working as a search engine evaluator or a Wonder researcher. These are more like typical jobs that you can do at home around your own schedule. They can be a good source of extra income, although you will have to put in some effort to get paid.
Nothing in this world is free, right? Not true! If you have some spare time and an internet connection, you could be collecting free money for things you already do, like shopping, managing your finances, eating out, and more!
If you’d like to find out how you can take advantage of these opportunities for yourself, keep reading, and we will show you the best ways to cash in.
Legit Ideas to Get Free Money
There are literally a ton of legitimate ways to get free money, so we have grouped these ideas in different categories depending on what you need to do to get that sweet free cash.
Give Your Opinion For Cash
Lots of companies are looking to pay you for sharing your opinion on a variety of products and services. Your opinion is actually very valuable to companies focused on improving the quality and usefulness of the products and services they offer.
There are lots of platforms that will pay you for your time and feedback, and it’s easy to get started.
Survey Junkie is one of the most popular paid survey sites, attracting over 10 million users since its launch, so you can feel confident that you will be rewarded for any surveys you complete on the site.
What really sets Survey Junkie apart from a lot of other paid survey platforms is the way that it utilizes the profiles of its users to more efficiently pair them with appropriate survey opportunities.
You can start earning immediately, and you only need to earn points equal to $10 before you redeem points for cash, gift cards, or prepaid Visas. Check out our full Survey Junkie review for more details.
Swagbucks is one of the best-known survey platforms. Since its launch in 2008, the platform has paid out more than $300 million in cash, gift cards, and prizes. The platform owes its popularity to the wide variety of earning methods it provides, which includes paid surveys, as well as earning points for watching videos, shopping, and searching online.
Swagbucks is available through apps for both Android and iOS, as well as on the Web. The platform gives users access to surveys seeking opinions on everything from the products people use daily to advertisements that individuals may or may have not seen, and much more.
There are always new survey opportunities being added (as well as other opportunities to earn points for cash), so check in regularly. You can also check out our full Swagbucks review to learn more.
MyPoints is one of the original online money-making platforms, launching way back in 1996. Like Swagbucks, MyPoints offers its users a variety of ways to earn free money — one of the most popular being giving you the opportunity to complete surveys.
Again, there’s not much to set MyPoints apart from similar competitors, but the platform does offer one of the lowest withdrawal thresholds. Users only need to earn $3 before they can be paid in gift cards, travel rewards, or by direct deposit to PayPal. This low threshold is made even better by the $10 welcome bonus offered to new users after they complete their first five surveys.
InboxDollars is another site similar to Swagbucks and MyPoints, offering users multiple ways to earn — including reading emails, playing games, watching videos, and of course, completing surveys.
The company has paid out more than $57 million to its users, making it another great source of free income or gift cards. (The only real drawback is that InboxDollars requires its users to earn at least $30 before they can withdraw their funds.) The cool thing is that you get a $5 bonus when you join.
You can checkout our InboxDollars review to learn more about the different ways you can make money.
Vindale Research is just like any of the other paid survey platforms on this list, but with a small twist: the surveys you take through Vindale are all from mainstream companies that you already know and love. This means that the opinions you give could directly affect the brands and products you use every day. (And you are getting paid!)
Vindale will give you $1 just for signing up!
Google Opinion Rewards
Google Opinion Rewards is an app available on iOS and Android that pays its users between $0.10 and $0.25 for completing surveys related to their products and services.
The payout might seem low, but each survey is only a few short questions that can easily be answered in a matter of seconds. Credits earned will be applied to your associated Google account until you’ve earned $2 or more, at which point you can withdraw your funds through PayPal.
Get Paid to Get In Shape
Nearly everyone would like to improve their health and fitness levels, but sticking to diets and exercise routines is hard work, especially when you are just starting out. If a little extra motivation is just what you need to achieve your goals, then these next few apps are for you.
Sweatcoin is an app that keeps track of the walking (and running) you do outdoors. For every 1,000 steps you track with the app, you will earn just short of one Sweatcoin (the app’s digital currency).
Withdrawal thresholds vary between method and reward type, but once you have accumulated enough Sweatcoins, you can redeem them for rewards and gift cards from Amazon, or withdraw your balance through Paypal.
HealthyWage allows you to name your price and bet that you will achieve your weight loss goals. Users enter in how many pounds they are looking to lose, and how long they think it will take in months, along with their gender, height, current weight, waist circumference; then, they enter the amount they want to wager into a calculator on the HealthyWage website, where they’ll view discover the potential return on their wager if they meet their goal.
Users who fail to make the progress they want within the parameters they’ve established will forfeit the money they put down — and the money they lose is put towards funding prizes for those who succeed.
Users have reported significant prizes and payouts for the app, with as much as $10,000 offered as a reward for some users’ goals.
DietBet is similar to HealthyWage. Users place a bet on their ability to meet their weight loss goals, and if they’re successful, they are rewarded with an increased payout. However, DietBet’s system only offers two preset group options for participation rather than offering the custom solo plans and betting of HealthyWage.
The preset options on DietBet are called “games,” and users’ bets go into a collective pot for their group. If they fail to meet their goal, their money is forfeited to the pot, and it is split evenly between the winning members of the group.
The group aspect may add a bit of competition to meeting weight loss goals, and those who benefit from additional accountability and motivation may find this system very useful.
Earn While You Shop
If you are already someone who shops online, why not start making money at the same time? There are tons of apps and websites that offer cash back on purchases made through their platforms while you shop at major retailers you already know, love, and frequent.
You have probably already heard of Rakuten. (The platform previously operated for several years under the name Ebates.) Rakuten is a shopping platform that lets you earn cash back on purchases you make online through any of their partnered retailers, which include brands like Amazon, Walmart, Target, Sephora, and many, many more.
Next time you need to buy something online, visit the Rakuten website first to plan your shopping — an item you were planning to buy from one retailer may be available from another that’s offering a higher cash back bonus.
Standard returns run anywhere from 1% to 10% cash back. Rakuten also runs promos at different times of the year (especially at peak sales times). And they offer additional promotions with specific retailers throughout the year. Retailer-specific promotions may offer up to double the retailers’ standard cash back percentage.
By installing the Rakuten browser extension (a.k.a. the “Rakuten Cash Back Button”) on all your web browsers (Chrome, Safari, Firefox, Edge), you can receive alerts on potential savings automatically as you browse online, so you’ll never miss a great deal.
If you are new to Rakuten, you’ll be given a $10 cash back bonus after your first purchase of $25 or more when you open an account. Rakuten holds the savings you accumulate for about two months at a time; you’ll receive an alert when the funds are ready for release, and you can opt to receive a paper check by mail or instantly accept an e-gift card from a list of participating retailers.
Go check out our Rakuten review to learn more.
Ibotta is a different kind of cash back shopping app. Instead of offering you a percentage of purchases you make through their app or website, they will refund you for the products you buy offline when you scan your receipts.
All you need to do is sign in and pick out what you are planning to buy on the app before you shop. Then, scan your receipt after you’ve finished and you’ll earn free money in the form of cash back, simple as that!
Creating a new account on Ibotta will get you $10 as a sign-up bonus after you scan the receipts from your first shopping trip. Ibotta has the most comprehensive payment options, giving users the choice of withdrawing their earnings to Venmo or PayPal, or accepting a gift card from one of their many partnered brands including, iTunes, Uber, Sephora, Target, Walmart, and many more. (Note that you need to accumulate $20 in rewards before you can receive payment.)
Dosh is a cash back app that will pay you between 2% and 5% cash back on the total value of the purchases you make at any of their supported retailers, including CVS, Mattress Firm, Mobil, and lots more. All you need to do is link a credit or debit card to start getting paid (everything is processed automatically when you link your preferred card to your Dosh account). If you’re new to Dosh and you choose to link a credit card to your account, Dosh will give you a $5 bonus, with no purchase required.
Go check out our Dosh review to learn more.
Drop is a cash back app for both credit and debit card users that is available on iOS and Android. Enter the details of your most used card or cards into the app, and select your five favorite vendors from the long list of vendors that have partnered with Drop.
After you’ve done this, you will earn cash back in the form of points equivalent to the amount of money you’ve spent at Drop’s specified retailers. (As of this writing, 1,000 points equals one dollar.) Users can redeem points for gift cards or cash withdrawal, with withdrawal minimums varying by brand of gift card or cash withdrawal method.
One more note: Drop offers new users a $5 bonus just for signing up with the platform and linking a credit or debit card.
Paribus will give you free money in the form of cash back. The platform is completely free to use, and it operates by scanning the email addresses you link to your account (the service searches your inbox(es) for email confirmations of purchases and receipts). If Paribus finds a receipt for a purchase made at one of the more than 25 companies the platform has partnered with, Paribus will monitor the price of the item you purchased. If the price of a purchased item drops, Paribus will seek a refund for the difference in price on your behalf, putting your hard-earned money back into your pocket.
Sign Up with Investing Apps and Cash In
When you think investing, you think money — but did you know you can earn a little free money just for signing up with an investing app? It’s true — many investment and finance apps offer new users a welcome bonus with no strings attached!
If you’re interested in investing, the following investment apps are a great way to give it a try. They let you dip a toe into investment waters with a minimal amount of money (like the signup bonuses they offer). The top micro-investing apps are:
Acorns is an investing service that automates the investment process, monitoring your spending across your credit and debit cards and rounding your purchases up to the nearest dollar. The extra cents on each dollar are then invested into a variety of stocks, bonds, and other types of investment vehicles.
To make a good thing even better, Acorns is offering to add $5 to new investment accounts just for signing up and linking a payment option, no purchase required. As with all other investments through Acorns, your $5 bonus will automatically be invested, allowing you to grow it into something much more substantial. (The service is also offering referral bonuses — see the Acorns website for details.)
Stash is another great option for hesitant first-time investors. Like Acorns, Stash is an automated investing platform that offers a diverse assortment of investments recommended by professional fund managers — including ETFs, stocks, mutual funds, and more. The automated platform makes investment decisions based on the risk level you are comfortable with.
As a bonus, signing up for a new account with Stash and linking a debit or credit card will net you $5 to invest, with no purchase required.
If you are feeling a little more adventurous, Stockpile may be right for you. Stockpile doesn’t invest your money on your behalf, but it does make investing simple and accessible to its users.
Through Stockpile, you can invest in your choice of ETFs, stocks, and fractional shares in some of the world’s most popular companies, including Apple, Netflix, and others.
The platform has no account minimums, no management fees, and only charges $0.99 per trade.
Robinhood is a unique trading platform that offers its users access to unlimited commission-free trades on stocks, funds, options, gold, and cryptocurrencies.
Signing up for a new account with Robinhood will get you their welcome bonus of one free share of stock of the company’s choosing (valued at up to $200). As of this writing, you can keep the share or sell it after two trading days. The same bonus is available when you refer a friend who opens and funds a new account.
Check out our Robinhood review to learn more about it.
Webull is another great zero-commission online broker where you can trade your favorite stocks, ETFs and options. They have a really good trading mobile and web trading platforms.
When you sign up with them you are automatically eligible to get 1 free stock valued between $2.5 to $250. However, if you deposit $100 into your account, you will receive a second stock valued between $12 to $1,400.
Go to our Webull review to learn more about this broker.
Open a New Bank Account and Get Paid
Thanks to the overcrowded and competitive financial space, many banks and financial institutions now offer cash bonuses as an incentive to secure new customers. You can earn as much as $350 just for opening a new account.
Chase Bank offers one of the most generous welcome bonuses, paying new customers as much as $350 when they open a new Chase Total Checking account and Chase Savings account.
Opening a Chase Total Checking account and setting up direct deposit will net you $200 of the available welcome bonus. To get the remaining $150, you’ll need to open a new Chase Savings account, deposit a total of $10,000 within the first 20 days, and maintain the balance for 90 days.
If you are unable to make the deposit requirements, don’t worry! You can still take advantage of the checking account bonus — and that’s $200 of free money just for opening an account.
If you don’t need a checking and savings account, PNC might be a better fit for you. PNC will pay as much as $300 to customers who open a new checking account with the bank, with no deposits or account minimums required.
Sell Your Stuff
One of the easiest ways to generate some free money for yourself is to sell the things you no longer need, want, or use around your home.
To make the process easier, there are a number of specialized resale websites for everything from old tech and books to last season’s wardrobe, so you can secure a fair price for your items from genuinely interested buyers.
Getting started is easy. All you need to do is sign up and start listing on a site to be on your way to free money and clean closets.
Gazelle is the place for you if you want to offload your old phone or tablet without a lot of waiting and haggling. Provide your item’s condition, and they’ll present a fixed price offer. Then, wait for the shipping materials to arrive, and send your device off. If it matches your description, you’ll receive payment (check, Amazon gift card, or PayPal) within about 7-10 business days.
Bookscouter is a resale app that provides its users with access to vendors who want to buy your old textbooks and will pay you a fair price.
The app utilizes your camera to scan the ISBN barcodes, quickly and easily finding your textbook in the system, and displaying a list of prices you can choose from.
While you won’t be making more than you paid for your books, you may be able to recoup a significant portion of your initial investment. You may be able to get similar prices selling your textbooks elsewhere, but Bookscouter does the work for you, in one convenient place.
Everyone knows eBay. It was one of the first online resale websites and remains one of the largest and best-known platforms around.
eBay is a platform that allows its users to list and sell almost anything to an international audience. This can be a huge advantage if you have a lot of things in different categories to sell, saving you the time and effort of managing multiple accounts and listings over multiple platforms.
Decluttr is another fixed-price resale platform like Gazelle, but with a wider focus that includes cell phones, tech, CDs, DVDs, games, and books. Decluttr sets the price based on inventory and the condition of your items. If you are happy with the price they give you, simply ship it at no cost to you and you will be paid by direct deposit, PayPal or check after they receive your shipment.
Poshmark is a platform that facilitates the buying and selling of new and gently used fashion, shoes and jewelry. The platform mostly caters to women’s fashion with a focus on high-end and designer brands, though users can list whatever they like.
Once a purchase is made, Poshmark collects the money from the buyer immediately and holds the funds in escrow until the item has been received and the buyer has approved the condition of the item, providing a secure buying and selling experience for everyone involved.
ThredUP, like Poshmark, is another platform focused on the resale of good condition, secondhand clothing — including designer labels.
Everything on the platform is verified to be authentic and is in like-new resale condition, so only the most gently used high-quality clothing will be accepted.
The site offers its users up to 90% off of the retail prices of the items they sell, so you can also save money if you need to replace key pieces in your closet.
Use a Cash Back Credit Card
Using a cash back credit card with a good rate is a simple way to generate a little free money, but these types of cards should only be used by those who pay their balance in full each month, or any earnings will be lost to interest fees.
The following are our recommendations for the best cash back credit cards available right now.
The Chase Freedom credit card offers one of the best cash back rates available, and also has one of the most generous welcome offers. Spending $500 within the first three months after opening an account will get you a $150 welcome bonus.
After you have earned the bonus, you can use the card for your essentials — It offers a cash back rate of 5% on categories that change each quarter. Previous cash back categories have included groceries, gas, and travel, which makes it easy to rack up rewards.
Chase Sapphire Preferred
If you are a credit card power user with higher personal or business expenses, you might be happier opting for the Chase Sapphire Preferred card.
The card offers a welcome bonus of 60,000 Chase Ultimate rewards points, or between $600 and $900 (according to the value range of the points). But along with significantly bigger bonus comes a much higher minimum spend ($4,000 within three months of becoming a cardholder).
On top of the signup bonus, cardholders will be given two points for every dollar spent on dining and travel expenses and one point per dollar in every other category.
Chase offers a few ways to redeem points — either in the form of cash, gift cards, and statement credits.
Chase isn’t the only bank to offer cash back credit cards with great rates and welcome offers. Here are a few more of our top picks:
Capital One Savor
Sign up for a new Capital One Savor card and earn $300 as a welcome bonus after you spend $3,000 on the card within the first 3 months. (Editor’s note: After the first year, the card has an annual fee of $95.)
The DiscoverIT Card
Opening a DiscoverIT credit card will get you double the cash back rate on all purchases made in the first year, 1% back on all purchases, and 5% back on rotating categories each quarter.
Wells Fargo Cash Wise
The Wells Fargo Cash Wise credit card offers new cardholders a welcome bonus of $150 when they spend $500 or more within the first three months following account opening.
Get Paid to Take Control of Your Finances
What if you could get paid for doing the things you need to do, like taking control of your finances? Well, it turns out there are quite a few apps and platforms that can help you budget and plan for your future. Here are a few we recommend:
Qapital is an alternative bank, by its own definition. It operates differently by placing the personal financial goals of its users at the core of what they offer and combining behavioural psychology and financial education to grow savings for users.
The company has helped millions of people since its launch in 2012, with users saving an average of $5,000.
Digit is a platform designed to help users accumulate savings, bit by bit. Digit connects with your accounts and analyzes them to better understand your spending habits and determines an amount to transfer from your accounts into the app.
The app charges users $2.99 per month to use their service, but it does provide a number of useful features, including allowing users to interact with the service via text message. Users will also receive a 1% annualized Savings Bonus for each three-month period that they use the app.
If you sign up, you can also earn $5 for every friend you refer to Digit.
Trim is an app that helps save its users money by finding and cancelling unused or forgotten subscription services. The app is free to use, even if you use it to cancel a service. But if you take advantage of its bill negotiation services, the company will take a 33% cut of the money you save.
Learn more about this service in our Trim review.
Truebill is another app dedicated to helping its users cut costs and save money by eliminating unnecessary services and expenses. The app connects to your financial accounts and searches for bills and recurring charges (even those on a unique schedule).
From there, users are able to view their feed of bills and subscriptions and can choose to have the app cancel subscriptions or attempt to secure a lower price. Since it launched back in 2015, the app has helped users save an average of $96 per year. Read our full Truebill review to learn more!
Billshark is another type of bill reduction app, but unlike Truebill and Trim, it doesn’t focus on subscriptions. Instead, the app puts both consumers and businesses in charge of their monthly expenses across a wide number of areas, including TV, wireless, internet, satellite TV, and home security.
Simply upload your photo to the app and let the company’s team of “sharks” negotiate the lower rate you deserve on your monthly bills. Customers regularly report saving 25% or more after using the service, which is money straight into the bank.
Check out our Billshark review to learn more.
Collect On Your Unpaid Debts
Has a bank, telecom provider, utility company, or other company ever owed you money, and you were unsure how to collect? After a period of time, many companies will send any uncollected money they owe to the government to hold until people request it. Currently, treasuries in the US alone hold more than $43 billion</strong
If you’re seeking a new side hustle, flipping cars may be exactly what you’re looking for. If you possess a blend of negotiation skills, salesmanship, and an eye for bargains, car flipping can be a highly lucrative gig.
Keep reading to find out what “flipping cars” is and how to go about finding bargains, avoiding lemons, and making sales.
How to Get Started Flipping Cars
The truth is that you don’t need to be a professional mechanic to make money flipping cars, all you need is a system that will allow you to generate income doing the thing you love.
What You Need and What You Need to Know
First, you’ll need a little bit of cash — typically, between $500 and $4,000 of liquid capital. We’ve found that this is the price range for vehicles that can be flipped at reasonably high margins.
Second, you’ll need access to Craigslist, eBay Motors, a private buyer’s auction near you, or any other source of used cars.
Third, it helps to have solid knowledge of automotive technology. You don’t need to be a licensed mechanic, but if you know the basics of diagnosing or even repairing minor issues with vehicles, that’s a good starting point. If you don’t already have this knowledge, it may be worth it to check out YouTube for some tutorials on automotive maintenance. You can also likely find people in your local area with experience restoring vehicles, either as a hobby or professionally. Building a network of people who are passionate about restoring vehicles can be invaluable in your work — and you’ll make some new friends, too.
Fourth, you should have some experience in negotiation. We’ll discuss the basics of negotiation later in this article. — Negotiation skills go a long way in the car flipping business.
Where You Can Find Used Cars
There are a number of reliable sources of quality used cars. In the US alone, almost everyone drives almost everywhere, and there’s no shortage of used cars that people are trying to get off their hands. The trick is to find those cars that have either been undervalued by the seller or are currently owned by a person who is especially motivated to sell and will lower the price in exchange for a quick sale.
Craigslist is the holy grail of used car listings. While not the most organized of marketplaces, Craigslist boasts free listings and a huge readership. Those two features create an excellent incentive for motivated sellers to list with them. But you’ll need to be careful. Since Craigslist doesn’t take a cut of the sale, they also won’t provide you with any protection from a predatory buyer or seller looking to profit from a scam offer.
Though the site charges fees for sellers of vehicles, eBay Motors provides a much fuller feature set than Craigslist. In exchange for those fees (the details of which are beyond the scope of this article), sellers get access to a wide range of options (including new artificial intelligence functionality).
The increased fees mean you’ll see fewer motivated sellers. And because the site is global, you might see less of a focus on your local market. Nevertheless, don’t overlook eBay Motors when you’re looking for a used car to flip.
Local public auctions are one of the best places to find quality used cars to flip. Unlike private or dealer auctions, public auctions are open to people without a dealer’s license. Public auctions are held by local governments to get rid of property that has been lawfully seized from, or abandoned by, the original owner(s).
One important note: Before you head to one of these auctions, make sure you familiarize yourself with the rules governing the auction you choose to attend. Every state has its own procedural rules for its public auctions, and you’ll want to know them well before you head to an auction with money in hand. We recommend attending one or two just to observe them and gain some familiarity with the rhythm of the auction.
If You’re Really Into Cars: Tap Into a Network of Car Restorers
Your restorer network can also be a great resource. If you’re skilled enough to look at a rusty shell and visualize the car rehabilitated and running, talk to the car friends in your network. (Don’t know anyone? Connect with people who are interested in the same car or cars that you are, and you’ll find that word spreads — car people know each other.) There is usually someone with a car just sitting in a garage (or sitting outside) waiting for repair, and that well-meaning person is “going to get around to it” (but they’ve been saying that for a few years). There is leverage in “I’ll get around to it” if you have a pleasantly persistent personality. With negotiation, you may be able to score a car at a great price and assure the seller that the car will be on the road again.
Friends, Family and Other Acquaintances and Sources: Proceed with Caution
There are, of course, other sources of used cars besides what we’ve mentioned above. Newspaper classifieds, signs on the side of the road, and family and friends are all perfectly legitimate ways to find leads. We don’t list them here as a primary source because they are not a steady source of used cars — and unfortunately, they’re not always reliable. While you may have a friend or two-part with a used car from time to time, there’s no guarantee there will be a steady stream of them.
Buying the Car
The secret behind flipping cars is straightforward: There is no secret. Just buy low and sell high. If that sounds deceptively simplistic, it is. There’s a lot you need to do in order to make sure your purchase price is genuinely low and your sale price is genuinely high. But in principle, if you keep an eye on what you pay for each vehicle you buy and make reasonable efforts to increase the price you sell each of them for, you should make a decent profit from your first car if you have some experience repairing and/or restoring cars.
Setting a Budget
After finding a candidate for a car flip, the first step in buying one is to set a budget. This step is intertwined with the next one (assessing the fair market value of the car). We suggest taking the following steps to make sure you have a document to refer to (and keep your thinking clear in the midst of negotiations).
Get a piece of paper, or open up a word processor or spreadsheet, and create three fields:
- Highest price I’ll pay upon purchase
- Lowest price I’ll get upon sale
- Price I will most likely get upon sale
You should fill in these numbers in a specific order. The first and easiest to enter is the third field. This number is the private party fair market value of the car (see the next section below for how to determine this).
The second number is the amount that you’re absolutely sure you can sell the car for. It doesn’t matter who would buy the car (it could be CarFax, a scrapyard, or another car flipper), but it does matter that a sale would be virtually guaranteed at this price.
The first number is the highest price you’ll pay when buying the car. Ideally, this will be lower than the lowest price you could conceivably get for the car. This would be a theoretically risk-free transaction for you. In business, it’s called an “arbitrage opportunity.”
Unfortunately, things don’t frequently work out that way. Much like finding money in the street, arbitrage opportunities are quite rare. Very often, you’ll need to set the first number at somewhere between the lowest price you could conceivably get and the price you’re most likely to get upon sale.
You should set the first number based on the risk of not getting what you hope to get for the car when you sell it. For example, if there’s a significant chance that you could get less than the private party fair market value, you should set the first number much closer to the second number.
In other words, don’t pay much more for the car than the lowest amount you can get for it in a sale. If there’s virtually no chance you won’t get at least the private party fair market value for the car, you can afford to pay significantly more for the car than your “rock bottom” price.
Under no circumstances should you pay more for a vehicle than what you expect to be able to sell it for, which will usually be the private party fair market value. We hope that goes without saying.
Assess the Fair Market Value (FMV) of the Car
The Fair Market Value (FMV) of any product can be difficult to determine. With personal property, It’s usually done by collecting and pooling data in order to establish an average (or mean) purchase price for a particular product. (Presumably, you don’t have the time, money, means or patience to flip thousands of each make and model of car and find out the average selling price).
Luckily, there are a number of services that do this for you. Before we get to them, though, you need to know (if you don’t already) that Fair Market Value actually encompasses a number of different values, depending on your circumstances. The FMV will be affected by whether you’re selling to a dealer, buying from a dealer, or buying at a public or private auction.
While there are more values potentially involved in car flipping, the three values most important to car flippers are the trade-in value, the private party value, and the dealer retail value. The trade-in value identifies the amount of money you’re likely to receive for your car if you trade or sell it to a car dealer. The retail value is the amount at which that same dealer is likely to sell your car. The private party value is the amount likely to be paid for the car in a private sale (one not including a car dealer).
Kelley Blue Book
Kelley Blue Book (KBB) offers a free lookup service that allows you to see the average fair market values of your vehicle. KBB provides the trade-in value and a private party value.
Edmunds also offers a very similar lookup service that allows you to see the three metrics you want to focus on: the trade-in, private party, and dealer retail values.
National Automobile Dealers Association
The National Automobile Dealers Association, or NADA for short, also offers a car valuing service on its website. This site offers four different sets of values: rough trade-in, average trade-in, clean trade-in, and clean retail. The first three categories refer to different conditions a vehicle might be in. For example, a “rough trade-in” refers to a car in rough condition being sold or traded to a dealer. A “clean trade-in” refers to a car in near-mint condition being sold or traded to a dealer. “Clean retail” refers to a near-mint vehicle being sold to a private buyer who is not a dealer.
We strongly advise considering the prices suggested by all three of these services when you’re first starting out. They should all be similar, but you might encounter an outlier or two. For your pocketbook’s sake, it’s worth double-checking the values you find with each service.
One extremely valuable service you can find online is called Carfax. When you provide the VIN of a used car, Carfax will present you with the service history and many of the service records of the vehicle. You’ll be able to see what aspects of its previous life have reduced its value and get a better idea of what the vehicle is worth.
Thoroughly Inspect the Car
The next step is to thoroughly inspect the car. By thorough, we mean “as thorough as possible.” A detailed inspection of each component of the vehicle won’t be possible in the timeframes or circumstances we’re talking about. However, it is possible to check carefully for the most common problems that crop up in used cars and reduce the chances you’re buying a lemon.
The interior is the easy part. Here, you’re looking for any major, irreparable damage to interior surfaces or upholstery. Obvious, large stains should cause you to pause, as should any nasty smells and odors. Use your judgment on this. If there’s a large stain under the floor mat in front of the passenger seat, that may not be a big deal. If, however, there’s a huge crack in the console and the interior reeks of skunk or tobacco, you may want to reconsider the purchase.
Temporary issues that can be easily addressed, like large amounts of garbage or dusty surfaces, should not deter you from purchasing.
Look for rust. Excessive rust can be a value killer, especially on older model cars where it has eaten through the floorboards. It typically first appears on or near the bottom of the car, so check there initially. Don’t be discouraged by small amounts of rust, though. A little bit is usually okay unless it has affected a safety feature of the vehicle.
Aside from rust, you’re looking for the usual suspects. Dents, scratches, scrapes, cracks, and the overall quality of the paint job are important to watch out for. The appearance of a vehicle can (unsurprisingly) have a large effect on its eventual purchase price.
As with the interior inspection, don’t concern yourself too much with things that can either be easily addressed or easily disregarded. A tiny scratch at the foot of the passenger door and a spot of rust on the wheel well will probably not destroy the resale value.
Instead, keep an eye on the bigger picture and ask, “Will this flaw, in combination with all the other flaws, prevent me from being paid what I hope to be paid for this car?”
Under the Hood
This is the most difficult part of the inspection, and also the most important. Under the time pressure of a used car sale you’ll likely have, at most, an hour or two to locate and diagnose any major problems with the car.
So how do you go about conducting a half-decent inspection in these circumstances? By keeping it simple. Try and complete at least the following tasks:
- Check the oil and transmission fluid. If either are low or dirty, ask if the car has been driven this way for a while. Be cautious about buying a car that has accrued a lot of mileage in these circumstances.
- Listen to the engine (while the car is running, of course). If you hear any shrill whines or knocking sounds, be ready for mechanical trouble.
- Check all of the powered features in the car itself. Steering, wipers, headlights, blinkers, windows, instrument panels, etc.
- Take the car for a test drive if at all possible. Listen again to the engine and try to feel/hear when the transmission shifts into a new gear. Does everything sound alright? Or are there mysterious noises or vibrations?
- Ask the seller why he or she is selling. Does the reason make sense? Or does it seem like the seller is trying to hide something?
- Ask the seller if he or she has the service records of the vehicle. Inspect them, and note any recurring maintenance issues.
Negotiating a Price
Negotiation is a lengthy process that spans from your first contact with the seller to signing the transfer of title. Ideally, you’ll have a little bit of practice in negotiation. But in case you don’t, we’ll introduce a few key concepts.
Haggling is Not Negotiating
The most common mistake people make in negotiations is to mistake haggling for proper negotiation. In haggling, two parties go back and forth trading dollar amounts until a mutually agreeable amount is reached. In negotiation, two parties work together to reach a mutually and maximally beneficial arrangement.
The differences couldn’t be more stark. In haggling, you only talk about money. In negotiation, you can bring in any subject you like that might be of interest to both parties. Haggling is a one-sided, win-lose game. Negotiation is a win-win arrangement.
Discover The Seller’s Interests
Before you can effectively negotiate with a seller, you need to know what he or she wants. You may think that the answer is obvious: money — and as much of it as possible. But this isn’t always the case. For example, many sellers are more interested in a fast sale than a lucrative one. Other sellers are worried about being ripped off, so they’re interested in a guaranteed form of payment, like cash or certified check. A few sellers have a lingering emotional attachment to the car and want it to find “a good home” (so to speak.)
Whatever your seller’s desires are, the key to finding them is to discover their motivations. Why is this person selling rather than keeping or donating the car?
This is why it’s best to ask a lot of questions about the seller and the car before you start talking about the price. How long have they had the car? What did they use it for? Why are they selling now? The list goes on and on.
The questions should reveal not just a lot of information about the car itself, but also the kind of seller you’re dealing with. Is this person trying to make a quick buck before they move out of state? Or do you have a patient profit-maximizer on your hands who’s trying to get the highest price possible and doesn’t care how long it takes?
Have a BATNA
A BATNA, or “best alternative to negotiated agreement” is the next best thing you can do with your money if the negotiation fails. This may be another car deal you have in the works. It may be a stock or bond purchase. It could even be a savings account that provides 1.5% interest. Whatever it is, it’s important that you identify it before you enter into the negotiation.
The reason for this is that your BATNA will serve as your “walk away” point. Why, after all, would you enter into an agreement that will net you less than your next alternative?
Your BATNA is related to the budget we had you create a few sections ago. Remember the first field, the one labelled “Highest price I’ll pay upon purchase?” Under no circumstances should this number be higher than your BATNA.
Repairing the Car
So you’ve purchased a car with some noted or apparent service issues. They may have made themselves apparent when you drove the car home or you may have noticed them when you were inspecting the car. Whatever happened, you’ll need to get the car fixed.
Estimate Repair Costs
The first thing you’ll need to do is estimate repair costs, both labor and parts. You can do this by going to a mechanic and getting an estimate — or if you’re doing the work yourself, by crafting your own estimate. Keep in mind to value your time appropriately. Your man or woman-hours are worth money, just like anyone else’s.
Decide If It’s Worth Repairing
Here, we need to introduce the concept of a “sunk cost” — which is basically money you’ve already spent and can’t be refunded. For example, say you spent $1,000 on a car which is worth $500 at a salvage yard. You find out repairs are going to cost $1,000. The private party fair market value you expect to be able to sell it for is $1,400. Should you repair the car in order to sell it and “make back” your $1,000?
The (hopefully) obvious answer is no. If you simply sell it for parts, you lose $500. But if you repair and sell it to a buyer, you’ve spent $2,000 and earned $1,400 — a loss of $600.
Don’t invest in expensive tools unless you have significant experience with serious repairs or restoration. And never spend so much money on repairing a vehicle that your total costs increase overall without raising your expected profit.
Cleaning the Car
On a related note, always completely clean the car, from top to bottom. This will almost always increase the sale price and ensures you’ll get some good photos to post if you’re selling online.
If the car is extremely messy or dirty, and you expect to make a healthy margin on it, consider hiring a detailing service to really make it sparkle.
Selling the Car
So you’ve bought a car for a good price, had it repaired, and it’s sparkling clean. What do you do next?
Pricing the Car
If you’ve been following our guide, this part is already done. The services listed in the Fair Market Value section should give you a reasonably accurate picture of what your car, in the condition that it’s in, will sell for in your area.
You will want to use your discretion, though. If you’ve noticed other variables that could increase or decrease the price of the car, make sure to take those into account. For example, if your buyer has posted an ad saying he’s “desperate” for a used Honda Civic, and you just happen to have one on hand, make sure to account for the buyer’s increased motivation.
Listing the Car
Unsurprisingly, the best places to list cars for sale are the places you’ve been looking for cars to buy.
As far as we’re concerned, Craigslist is the best place to list your car for sale. There are no fees, it’s easy to use, and it has a massive readership. But there are certainly other options available, some of which we already mentioned above:
- eBay Motors
- At auction
- Roadside with a “For Sale” sign
- Classifieds in the newspaper
- Facebook Marketplace
The options are endless, and you should choose the one that best suits your circumstances. However, we would recommend Craigslist for most people in most cases.
Negotiating a Good Deal for your Car
The same principles that apply to buying a car apply to selling a car. Keep in mind the concepts that we discussed in the chapter above on negotiations, and remember: Never enter a negotiation without a best alternative to a negotiated agreement (BATNA)!
How Much Money Can You Make Flipping Cars?
So you’re probably wondering whether all this work is actually worth it. After all, you need to spend time and energy locating bargains, negotiating with sellers, inspecting, storing, and repairing vehicles, listing those vehicles for sale, and negotiating with buyers. You want to know “How much money am I going to make at the end of this whole process?”
The truth is, there’s no way we can tell you that. It’s simply impossible to foresee how much each individual person will make flipping cars. There are too many variables in play. However, what we can do is explain the habits and characteristics that tend to make people more successful at this side gig than others.
Characteristics of Highly Successful Car Flippers
- Have a working (or better) knowledge of vehicles
- Have a working (or better) knowledge of vehicle maintenance
- Have experience negotiating, especially under time pressure and with limited information
- Have basic math skills (in order to calculate price points, BATNAs, etc.)
- Willingness to keep an eye out for bargains at virtually all hours of the day
- Have some sales experience or training
Can this Side Hustle be Scaled into a Large Business?
In a word, no. Because so much of the profit in this hustle is generated by the legwork of the person selling the vehicle, it’s difficult to reach the level of automation and delegation that would allow the owner to step back and let the business run itself.
Now, that doesn’t mean that there aren’t practices which allow someone to flip cars much more efficiently or quickly. There are a few strategies that can take your car flipping to the next level and boost your profits considerably.
Rather than check Craigslist every five minutes to see if the Next Good Car has been listed, you can set up automated alerts to notify you when a new product meeting your criteria has been posted.
You can use the built-in functionality provided on the website, or use one of the many tools available on the Web to set up your alerts. Then, just wait for your phone to buzz.
Pay Finders’ Fees
Since you can’t be everywhere at all times, it can help to incentivize those around you to notify you about good cars on the market. If you pay them for their trouble, your friends and family will frequently be willing to keep an eye out for a good deal and let you know when there’s a car for sale.
You can structure this arrangement similar to an affiliate marketing deal. When someone brings you word of a prospect that you actually act upon (and make a profit on), that person makes a cut of your profit. Or you could pay a flat fee for information about cars you wind up purchasing.
However you structure the deal, as long as you ensure that you’re not paying more to the finder than you’re making from the car, you’ll come out ahead.
Outsource the Cleaning and Repairs
This may sound counterintuitive, but you may make more money by paying other people to clean and repair your cars. Once you factor in the time it takes to do these tasks yourself, it can actually start to seem very expensive. Outsourcing these jobs means you have more time to scour for bargains and find buyers (which is how you make your money, after all).
Sidenote: The Dreaded Dealer Designation
In each state, a person is allowed to sell a certain number of cars that are not registered to him or her before they are designated a dealer. In some states that number is as low as two cars, while others allow six or more. Whatever your situation happens to be, you’ll need to apply (and pay) for a dealer’s license if you exceed that number.
While this isn’t the end of the world, it’s a significant added cost that a private seller doesn’t have to deal with. Flipping cars as a business will require you to comply with any local and state regulations that may exist with respect to that industry. So keep that in mind.
Flipping cars can be a fantastic side hustle. It can also be a huge money sink if you don’t do it right. But if you keep the fundamentals in mind at all times, there is money to be made and profit to be had. It can also be an exciting and fun pastime for the right personality.
So if you’re sales- and negotiation-minded, love to make and close deals, and know a thing or two about cars, you may want to try your hand at flipping one or two cars this year.
We get it, times are tough. Unemployment is high. Many people are struggling to make ends meet, and lots of them are looking to the internet to help supplement their income.
Branded Surveys is one option people are turning to in order to help add a few extra dollars to their monthly income. While this online survey site won’t take the place of a regular job, it can be a surprisingly useful tool to bring in crucial extra dollars when money is tight.
Continue reading below to find out if Branded Surveys can help you!
Quick Summary: Branded Surveys is an online survey site that rewards users with points for completing surveys online. Points can be exchanged for cash, gift cards or pre-paid virtual credit cards. The minimum threshold for cashing out your points is 1,000 ($10).
What Is Branded Surveys?
Branded Surveys was founded in 2012. The company was originally known as Mintvine, but changed its name to Branded Surveys in 2017. Branded Surveys is a website that offers to pay people to complete consumer and opinion surveys that help companies and firms gauge public sentiment about specific issues, products, or industries.
Branded Surveys is part of a constellation of services that offer a similar product. Sites like MyPoints, Swagbucks, and Survey Junkie all offer users the opportunity to take surveys in exchange for money. (We’ll also talk about those services for you a bit later in the article.)
What sets Branded Surveys apart from other online survey sites is the company’s sole focus on surveys — and its slightly higher payout ratios.
How Does Branded Surveys Work?
Branded Surveys is an extremely simple service. After creating a user account with the website, you’ll be sent surveys to complete in exchange for points. Those points can be redeemed for direct deposits into your PayPal account, or for gift cards. Each point is worth one cent, so 100 points equals $1.00.
How Can You Make Money With Branded Surveys?
You can make money in several ways using the Branded Surveys service.
Of course, the most straightforward way to make a dollar on Branded Surveys is to complete surveys in exchange for cash. Users report that Branded Surveys offers some of the highest survey payouts in the industry. While you won’t make a huge amount of money here (no matter how much time you spend on the website), you’ll likely make more than you would at competing survey sites.
On average surveys take about 10 to 11 minutes to complete, but the real survey length will be listed as part of the survey invitation.
Branded Surveys also sends out daily polls. These are effectively mini-surveys that just take a few seconds to complete and typically award 5 to 10 points each. You can typically complete one daily poll every 24 hours.
Partner Surveys are simple promotional campaigns for services and products that might interest you. These offers typically reward you with points or money. However, you should be aware that these are third-party offers, and Branded Surveys isn’t responsible for your experience with these companies.
Branded Elite refers to Branded Surveys’ badge and loyalty program. The more surveys you complete, the more points you’ll earn. You can rise through the ranks from bronze to silver to gold. Each tier will increase the number of points you’ll get from each activity.
Gold and silver members can earn up to 300 additional points every week for completing a certain number of surveys.
Taking 10 daily polls in a row will net you additional points in the form of a Poll Streak.
Successfully referring people to Branded Surveys will garner you more points, but only if you’re a silver or gold member.
Local businesses often post special offers on the Branded Surveys portal, and this section is where you’ll see them.
Landing in the top 50 or 20 point-earners in a day, week, or month can get you an additional few hundred points.
- Daily Top 50 Leaders = 50 Points
- Weekly Top 50 Leaders = 200 Points
- Monthly Top 20 Leaders = 300 Points
Sign Up Bonus
When you sign up with Branded Surveys, you get a $1.00 (100 point) welcome bonus. You only need to create an account and complete your profile. Once you finish creating your profile, you will be rewarded with 100 points ($1.00) instantly. The cool thing is that the registration is fast and you can even use a social account to sign up.
Promo codes are available within the Branded Survey platform. These promo codes can be obtained via special offers or other promotions. However, it’s important to keep in mind that these promo codes are not available that often.
Understanding Branded Surveys’ Rewards System
The Branded Surveys rewards system is based on tiers and badges. There are three tiers: bronze, silver, and gold. As you move up the tiers, you’ll earn more points for each activity that you complete. Additionally, you’ll be able to access more point-earning activities, like referral bonuses and survey streaks.
The Branded Surveys rewards system serves a couple of functions. First, it incentivizes you to continue using the service. It’s much easier to keep coming back when you’re motivated to upgrade to the next tier or badge.
Second, it rewards people who use the site regularly by offering them even more points for additional activities. For that reason, users will see their point totals rapidly increase as they move their way up the ladder towards the gold badge. In other words, it’s a lot easier to earn lots of points as a gold member than as a bronze member.
Pro Tips to Make the Most Money with Branded Surveys
Branded Surveys rewards its users for staying active within their platform. So for every survey you complete, you will be eligible to enter into a daily, weekly and monthly random prize draw.
You can win up to 50 extra points in the daily draw, 500 extra points in the weekly draw, and 1000 extra points in the monthly draw. In essence, the more surveys you complete, the greater your chances are to win extra points from these draws.
Things to Consider About Branded Surveys
Sometimes it can seem like survey websites are a dime-a-dozen. So what should you consider when deciding whether to sign up for Branded Surveys?
Who is Branded Surveys Best For?
Branded Surveys is best for people who want to make a few extra dollars in their downtime. Instead of (or maybe in addition to) watching Netflix or playing video games, you can answer questions in exchange for quick cash.
It’s ideal for anyone who has some extra time during the day and wants to monetize that time.
Branded Surveys is great for students who are looking for a little bit of extra cash and have the time to log in once or twice a day to check out the available surveys. It’s also ideal for people who have run into some trouble making ends meet with their current job and want a little income boost to help make it to their next paycheck.
Who Should Avoid Branded Surveys?
Anyone hoping to get rich quick should avoid Branded Surveys. This website is best for people hoping to make a few extra dollars. Answering surveys won’t let you quit your day job and do it full time.
Because the per-hour rewards of doing the surveys is on the low side, sites like Branded Surveys probably aren’t ideal for people who can monetize other, more valuable services. For example, if you’re able to do some freelance writing, graphic design, or other side hustle, you’ll probably earn more money doing that than filling out surveys at Branded Surveys.
However, even those who can make more freelancing probably have a few extra minutes during the day to fill out a survey or two. If that’s the case for you, it can’t hurt to make a little bit of extra money if you have the opportunity.
Branded Surveys Alternatives
There are a bunch of survey site alternatives to Branded Surveys. Here are just a few.
Swagbucks is an online survey site that pays you to watch videos, play games, and receive emails (in addition to the surveys). When compared to Branded Surveys it has a wider variety of money-making activities to choose from, whereas Branded Surveys focuses more heavily on actual survey-taking.
Survey Junkie is an online survey site that’s been around for years. Like Branded Surveys, you get paid to fill out consumer and opinion surveys. This one is actually very similar to Branded Surveys, insofar as the focus is really on the surveys themselves, as opposed to additional ways to make money.
InboxDollars is similar to Swagbucks. It’s an online survey site that has a lot of additional options to make money. You can watch videos, play games, and use their custom search bar, just to name a few options. While you can also take surveys in exchange for cash, there is definitely an emphasis here on alternative ways to earn cash.
Branded Surveys Pros & Cons
There are several things we love about Branded Surveys. In no particular order, they are:
- The poll and survey streaks. We love being rewarded for consistency, and the streak bonuses are a great way to do that.
- PayPal payments are an option. Some survey sites only offer gift cards as a point redemption offer, but not Branded Surveys. They offer you cold, hard cash in the form of PayPal deposits.
- The loyalty rewards. We love the tiered badge system that lets you move from bronze to silver to gold. It rewards loyal users while keeping you interested in the surveys.
- Lots of gift cards. If you prefer to take your payment in the form of gift cards, you won’t be disappointed with the selection available at Branded Surveys. You’ll be able to choose from a wide variety of retailers and restaurants. Many of these retailers are accessible online or across the United States, so no matter where you live, you should be able to find a retailer you like.
Inevitably, with the good comes the bad. There are also a few things we didn’t like about Branded Surveys.
- You’ll get offers to take surveys you don’t qualify for. This is a common problem for a lot of survey sites. They’ll send out links to surveys you don’t actually qualify for based on your demographic profile. (Very annoying.)
- PayPal deposits can take a while. Users have reported waiting up to three weeks to receive their point redemptions in their PayPal accounts. While many may not mind waiting a little bit for cash, those who are hard-up for money and need it immediately might consider this a dealbreaker.
- User-friendliness. Branded Surveys’ website is extremely user-friendly. It’s super easy-to-use and easy to learn and you won’t have any trouble at all signing up or navigating the surveys and interface.
Branded Surveys FAQ
We regularly get a ton of questions about Branded Surveys. Here are just a couple of the most common ones.
How Do You Get Paid with Branded Surveys?
Users of Branded Surveys choose how they get paid. While most will likely opt for the PayPal transfer, some users might prefer the gift cards offered by the company. Amazon is one of the options Branded Surveys offers, which is almost as good as cash.
You should know that if you choose to be paid via PayPal transfer, it could take as long as three weeks to receive your money. Gift cards tend to come much quicker, with users reporting that they typically arrive within about two days.
You also have the option to get paid via their Branded Pay which connects directly to your bank account. This payment method is fast and can take between 1 to 2 business days.
Is Branded Surveys Legit?
Absolutely. As we mentioned above, Branded Surveys has been in operation in one form or another since 2012. They’re definitely a legit and safe company to work with. They’re not a scam.
One of the things we always look for when determining whether or not a service is legitimate is how long they’ve been in business and what their reputation for payment is like. In the case of Branded Surveys, they’ve been in business for almost eight years, and they have a stellar reputation for always making the payments they’ve promised to make.
How Much Money Can I Make With Branded Surveys?
We mentioned earlier that you shouldn’t expect to get rich quick with Branded Surveys and we stand by that. On balance, if you log in for an hour a day while you’re watching Netflix you can expect to earn a few bucks a day. If you’re a fast reader and respond to the surveys quickly, you could earn over $100 in a typical month.
How Does Branded Surveys Make Money?
Branded Surveys makes money by collecting a fee or commission from the companies trying to get data on their products, or on an issue. So, for example, if Company X wants to know what people think about its latest widget, they’ll hire Branded Surveys to send out surveys to eligible users. Company X will pay Branded Surveys a fee for that service, and Branded Surveys will give you a small cut of their commission.
Branded Surveys is a solid addition to the growing collection of online survey companies that offer you cash in exchange for your opinions. On top of getting the opportunity to shape future products and services with your input, you’ll be able to earn some extra money while you’d otherwise would just be vegging out on the couch or in bed.
Definitely don’t quit your day job, though. While Branded Surveys is a great way to earn some quick cash, it won’t be a sufficient primary source of income for anyone.
This is a post sponsored by Wix. All opinions are our own.
If you’re looking for a way to make money online, look no further than the eCommerce retail industry. Digital storefronts have exploded in popularity and, driven by the increasing availability of mobile devices, are accessed by more and more customers every day.
Continue reading below to find our favorite way to get started in this unmistakably promising sector today.
eCommerce provides some of the most significant and substantial opportunities to aspiring entrepreneurs available today. It has unlocked millions of ways to earn money online that are accessible to regular people all over the world.
As important as the size of today’s eCommerce market is, the growth rates of digital business tell an even more compelling story. From approximately $274 billion in 2017, retail eCommerce sales in the United States alone are projected to increase to just a shade under $600 billion per year.
Some of the sub-sectors within the retail eCommerce sector are particularly lively. Consumers buying goods and services online using their mobile device has skyrocketed, and is projected to amount to over 53% of the eCommerce market in 2021. That’s up from just 34.5% in 2017. Clearly, people are getting more and more comfortable buying things with their mobile devices.
How to Make Money in eCommerce
In order to make money in eCommerce, you’ll need to draw customers to your online store. That’s where content marketing comes in. Content marketing is the practice of creating high-quality content that ranks high in organic search results to bring in customers who are interested in shopping around.
You may also wish to consider paid digital ads on Facebook and other social media. These are particularly powerful when employed in a retargeting strategy. These strategies involve targeting customers who have previously visited your site and showing them advertisements in an attempt to entice them back to your digital storefront.
Just as important as how you sell is what you sell. All the content marketing and dynamic retargeting in the world won’t make a difference if you’re selling an expensive product at less than cost. Especially at the beginning, you’re best served by finding a relatively low-cost product in high demand. This will ensure steady cash flows, low overhead, and lucrative bottom lines.
What is Wix Stores?
Wix Stores is a highly customizable and comprehensive platform on which to create and grow your online store. You can choose from dozens of attractive templates to help design your store or, if you’re the creative type, you can choose to start from scratch and make your own.
Wix Stores Features
Wix Stores contains all the features you could possibly need to create a compelling and exciting digital experience for your customers. From platform security to easy product import functions to mobile management options, Wix Stores has thought of everything.
Wix Stores features include:
- Digital download sales
- An unlimited number of digital or physical products
- Paypal, credit card, and offline payment compatibility
- Integrated email marketing
- Secure SSL-certified checkout
- Intuitive store manager that tracks your sales
- Mobile App to manage your store on the go
- Shipping and pickup selections
- Coupon and sale creator
- SEO-friendly design
- 100% commission-free
How to Get Started with Wix Stores
Getting started with Wix Stores is incredibly easy.
Choose a Template
After choosing one of the many stunning templates available to entrepreneurs like you, simply add the products you wish to sell along with their descriptions and prices.
Customize Your Storefront
Not only can you pick from among dozens of amazing templates, but you can also customize each one to your heart’s content. Make your storefront uniquely your own with custom graphics, fonts, and layouts.
Set Your Payment, Shipping, and Tax Options
Use Wix’s built-in features to select how your customers will pay (most people prefer to use credit and debit cards, Paypal, and Wix Payments) and how your orders will ship. Which options you choose will depend on where you and your customers are located.
You can also choose to have a Wix partner, Avalara, automate your tax rate selection based on the region of the world in which your customer is located. The rates will automatically update when legislation in that area of the world changes, leaving you free to focus on running your new online store.
Get to Selling!
Once your store is set up, all you have to do is start selling! Use the included Wix features to assign fulfillment and tracking numbers, print shipping labels, and track and manage your orders.
You’ll also be able to set up multiple sales channels on platforms like Facebook and Instagram.
How to Maximize Your Earning Potential
There are countless ways to increase and maximize your earnings. Your imagination is the only limit.
Build a Beautiful Store
More than anything else, you’ll want to create a memorable and stunning digital store. Wix is a great choice for this, as the included templates not only start out looking great, but they can be customized and further beautified.
Start a Blog to Drive Traffic
As we already discussed above, content marketing is a powerful tool to drive visitors to your site. Start a blog to increase traffic and draw shoppers into your store.
Promote on Social Media Channels
Do you have Instagram, Facebook, Twitter, and Pinterest accounts? Well, if not, now’s the time to get some. Promoting your store on social media is a crucial way to increase interest in your store and bring even more people to your shop.
Invest in Paid Ads
While organic traffic is always best, paid ads can be a potent weapon in the fight to differentiate yourself from your competitors. Consider using the powerful segmenting tools available on Facebook and Google Ads to micro-target your customers. And don’t forget about retargeting! Don’t let those customers get away.
Invest in SEO
SEO, or search engine optimization, is an excellent way to bring in loads of interested people. With proper SEO strategies, you’ll find that you rank much higher in Google for the crucial keywords that are being searched by potential customers.
Automate Your Process
Earning a profit in eCommerce is all about automation. The more you can automate your marketing, operations, fulfillment, and the other aspects of your business, the more money you’ll make. Make use of widely available automation software and strategies. You’ll be glad you did.
Participating in the eCommerce explosion is a must for aspiring entrepreneurs everywhere. Wix Stores offers the easiest and most robust way to throw your hat in the digital ring and start making serious money.
Selling furniture can be a pain. It’s often big, heavy, and awkward to move. But it’s also often quite valuable, which means putting your old furniture up for sale is an excellent way to earn some extra cash.
The good news is that you have plenty of options if you want to sell your furniture. There are marketplaces and apps available offering a range of services — from those that only provide a place to advertise your item to those that take on much of the sales process — including delivery.
In this article, we’ll look at some of the best places to sell used furniture for cold, hard cash.
Best Places to Sell Used Furniture
There are basically two options to sell your furniture — online or locally. Each option has its advantages and disadvantages, so we’ve tried to capture everything you need to know about selling used furniture so you can start making money fast.
OfferUp is a classifieds website and app where users sell items to people in their local area. To sell your furniture, just create a listing with an image and description. If a buyer likes your piece(s), they can message you from within the app and make an offer.
Before doing business with someone, you can look at their profile to see their ratings and transaction history. This can help you avoid scams and ensure you only do business with trusted people. (Note that it could also make selling slightly harder if you are new to the platform.)
Posting items for sale on OfferUp is free. There is also no transaction fee if you choose to meet up with the buyer and pay in cash. However, the company charges a fee on shipped items. There are also premium features available that you can use to promote your furniture.
Bonanza is a selling marketplace that lets users create “booths” from which they can sell a variety of products. The benefit of this is that when a customer sees one of your items, they can click on your profile to see what else you are selling. This is useful if you want to sell multiple pieces of furniture.
Getting set up is easy — just create a booth, then list your items. (You can sell anything, not just furniture.)
While creating a listing is free, Bonanza charges a fee based on the final value of the sale. This is a figure that includes the price of the item plus the portion of your shipping fee over $10.
If the final value is under $500, the service takes 3.5%. If it is over $500, they take 3.5% plus 1.5% for the amount over $500. There is also a minimum fee of $0.50.
On Bonanza, you’ll need to organize shipping. You can add a shipping fee to your listing to pass the cost on to the buyer.
Shopify is less a marketplace and more a platform you can use to create a web store. This makes it a good option if you want to sell furniture as a business.
Getting set up is easy — The platform offers templates you can use to create a professional storefront. They also have a drag-and-drop editor that makes customizing sites easy.
Shopify is free for the first 14 days and then costs $29 per month for the most basic account. Shopify has a built-in payment solution that charges 2.9% plus $0.30. You have to take care of shipping, although you can add the shipping fee to your listing as an extra cost.
The biggest challenge when using Shopify is getting people to your store. It isn’t a marketplace, so you need an audience. Consider posting to your social media channels or using paid ads to increase exposure.
Shopify is a good choice if you want freedom and the ability to run your operation like a business. If you need guidance, then you may be better off using a different platform.
Side Hustle Handbook
How to Multiply Your Income Sources
Craigslist is a classifieds website that allows you to sell furniture locally. To get started, head over to your area’s local board, select the correct place for selling furniture, and then create a listing. Include an engaging description and some quality photos.
It is entirely free to use Craigslist to sell furniture. However, the platform doesn’t provide much help. When selling, you either have to arrange shipping yourself or you’ll need to meet up with the buyer. You’ll also need a way to process payments.
The good news is that Craigslist is a huge platform with a large audience, so the chances of finding a seller is quite high. Since it’s free to use, it could be worth listing your item on the site alongside some other platforms for the highest chance of making a sale.
LetGo is an app and website that lets you put items up for sale in your local area. All you have to do is sign up and create a listing for your furniture. When uploading your ad, be sure to take some good photos, because they are the first thing people will see.
If someone is interested in your item, they can contact you via the app. You can then arrange to sell the product. LetGo does not provide in-app payments, so you’ll have to organize completing the transaction yourself. If you meet up in person to sell the item, using cash could be a simple solution.
LetGo does not charge either a listing fee or a commission, so it’s an excellent place to sell if you want to keep all your profits.
Etsy is a platform that is part marketplace and part online store. Etsy is most well-known as a place to sell handmade or vintage items, so if your furniture fits this description, then it could be a good choice.
To get started selling with Etsy, you need to create a storefront. Etsy makes this easy, and you can customize your page to create a unique feel for your shop. Then, take photos of the furniture you want to sell and upload them to the site, along with your description.
When users search on Etsy, your furniture will show up in the search results. Be sure to choose the right keywords when creating a listing so that there is a higher chance of your furniture showing up. If users like the item, they can check out the rest of what you sell by clicking on your shop.
Listing an item costs $0.20, and Etsy takes a commission of 5% when your item sells. There is also a payment processing fee of 3% plus $0.25. To increase the chance of selling your furniture, you can use Etsy’s advertising option, which takes another 15% from the transaction if your sale comes from one of those ads.
Etsy is a good option for people who either want to sell multiple items or those who want to create a furniture business.
7. Facebook Marketplace
There are two ways you can sell your furniture on Facebook. Facebook Marketplace is essentially a classifieds site within the social network. Just head over to the Marketplace section of the website or app and create a listing. Once you add your location, your listing will become available for people to view.
The other option is to use local buy and sell groups to sell your furniture. Many areas have these pages; it’s just a case of searching for them and requesting that the moderators add you. Each community has different rules about what you can sell and how to post, so be sure to follow them when creating a listing.
There are no fees to list your item or sell on Facebook. You’ll have to meet up with the buyer or arrange payments and shipping, though. The good thing about Facebook is that it has a huge audience, and you can check out a person’s profile to see if they look legitimate before you agree to a deal.
AptDeco is a platform specifically designed for buying and selling used furniture in the New York Metro Area.
It is free to list an item. To do so, create a listing and publish it to the site. A nice feature is that AptDeco suggests a price, although you can ignore the suggestion if you want. The selling process takes place within the site, and it has features that allow you to chat with buyers or add discounts.
The standout feature of AptDeco is that the platform takes care of delivery for you. You just need to choose a date and time, and the company will send someone to pick up your furniture. Considering how much of a pain it can be to ship furniture, this is very useful.
Payments are processed within the app, so that’s one more thing you don’t have to worry about. The company releases your money two to five days after delivery.
Of course, this convenience comes at a cost. AptDeco’s commission starts at 19% of the total selling fee. If you live in New York City and want someone to take care of your furniture delivery, then AptDeco could be the best service for you.
Chairish is another site specifically for selling furniture and household items. Its biggest benefit is that it has an audience of people looking for furniture on the site.
To start selling, list your item by uploading pictures and adding a description. While it is free to do this, Chairish only accepts furniture it thinks will appeal to its customers. If your item is accepted, buyers can contact you via the site. Payments are processed on-site and sent to you via PayPal.
Chairish helps with delivery by organizing shipping details. You can also opt in for local pickup. Chairish takes 30% of the selling price on a regular plan, or 20% (or lower) if you sell vintage items on a Professional or Elite Plan.
Bookoo is a platform that lets you sell within your local community. The site has a significant presence at many military bases, which makes sense when you consider people are often moving in and out of these communities.
To sell on Bookoo, you first need to join the community closest to you. Then, create a “yard sale” by listing the items you want to sell and uploading them in a single post. If someone sees something they like, they can contact you and you can arrange a meetup.
The good thing about Bookoo is that it is free to list your items, and there is no transaction fee. If you live in an area where the app has an active user base, it could be an excellent option to sell your furniture.
Remoov is a site that makes getting rid of your stuff easy. All you have to do is send the company photos of your items, or schedule an at-home appointment. Remoov will then send someone to your home to pick up your furniture or other items. They then take care of the entire selling process.
As Remoov does a lot of the work required to sell your items, it takes 50% of the selling fee. It also chooses the best resale channel for each item. This could mean you won’t always get the highest amount possible.
If you just want to get rid of some furniture, then Remoov is a hassle-free way to do so. If you would rather get the most amount of money possible and don’t mind putting some work in, you might want to choose a different service.
1stdibs is a furniture marketplace that connects sellers and dealers with galleries, collectors, and interior designers. So if you are a business that sells high-end vintage furniture, you may find success by selling on this platform.
To sell with 1stdibs, you first need to apply to be a seller. If accepted, you can list your items on the platform. As a specialized platform, 1stdips can help connect you with buyers. Getting approved is not easy — You’ll need to provide two references that prove you are a high-quality seller.
Basically, if you just want to sell your sofa because you are moving to a new house, it is better to use another platform.
13. Sotheby’s Home
Sotheby’s Home is a consignment platform that makes it easy for you to sell new, like-new or vintage furniture. Sotheby’s takes care of the entire selling process, including arranging shipment and communicating with the buyer. Sotheby’s Home’s broad reach means it is well-placed to sell your items.
To sell on the platform, just submit the items you want to sell and then schedule an appointment with a member of the Sotheby’s team.
There is no fee to get the process started. However, there is a large commission, and you’ll only receive up to 60% of the sale price once the item sells. If you have suitable furniture and want an easy way to get rid of it, then Sotheby’s Home is a good choice.
14. Apartment Therapy’s Bazaar
Apartment Therapy’s Bazaar is a marketplace for used furniture and household accessories. Signup is easy with your social media details. You can then create a store and add listings. The platform includes everything you need to sell securely, including credit card processing and messaging.
The website charges a transaction fee of just 3%. There is also a fee of 2.9% plus $0.30 to handle credit card payments. The site also offers seller protection, which protects you if you post an item but it doesn’t arrive at the buyer’s address, or the seller claims an item is not as described.
The storefront-based way of selling makes Apartment Therapy’s Bazaar a good way to sell multiple items. The fee is also quite low, considering the site offers payment protection and processing.
eBay is a selling platform most people have heard of. It is a good place to sell furniture due to its broad audience.
Listing on eBay is free, but the site takes 10% of the total sale value. You have to pay for shipping, although you can add this as an extra fee to your listing. Or, you can choose to only sell via local pickup.
If you already have a presence on eBay, then using it to sell your furniture could be a good way to leverage your reputation. If you don’t, it may be hard to get your first sale because people won’t know whether to trust you — especially if your furniture is expensive.
eBay is a good option if you aren’t sure about the value of your furniture. In this case, put your piece or pieces up for auction and let buyers bid on them.
Recycler is a classifieds website that originated in print media. The site has a dedicated section for furniture. To sell your item(s), create an account. and then add your listing, including images. Posting an ad is usually free, although the site says the fee varies depending on the ZIP code you choose and the subcategory of the item.
Once your listing is online, it will be available both in local searches and to buyers across the country. You can adjust the setting so only people nearby can see your ad, if you prefer.
Recycler doesn’t charge a commission on any sales. This means that you are pretty much on your own when it comes to selling. You must handle shipping (or local pickup) and payment yourself.
17. Route 66 Furniture
Route 66 furniture is an online consignment store that makes selling your items easy. Just submit photos of your furniture to the company. Someone will then contact you to either ask questions about the item(s) or arrange a pickup.
The team will then come to you and collect the furniture. They also take care of the entire sales process. The downside is that Route 66 Furniture takes 50% of the total selling price.
One thing to watch out for is that Route 66 only lists your furniture for 60 days. In addition, if it doesn’t sell within the first 30 days, the company may reduce the price of the item by 50%. After 60 days, you can either pick the furniture up, pay to have it sent back to you, or donate it.
It is also possible to create a new consignment agreement if both parties want to continue the effort to sell the item(s).