We’re inspired by this concept from Gary Vaynerchuk, one of the entrepreneurs we follow online, of “flipping” products you find for cheap and selling it for more online. Another term for “flipping online” is online arbitrage or retail arbitrage.
My mother’s friend who’s in her late 60’s, buys jewelry and trinkets at yard sales and resells them on eBay. She’s not a techie person but she figured it out and has been earning a living or supplementing retirement by doing this for several years now.
For her it’s a hobby converted to cash.
Of course it still takes work and many things such as clothing typically don’t do well. But it’s still not as much work as a yard sale and you stand a better chance of getting much better prices than you would holding your own yard sale.
If you’re looking to earn some extra cash–and/or earn cash from clearing your clutter–this could be perfect for you too.
Gary Vee’s Yard Sale to eBay Strategy
Gary Vaynerchuk, aka, Gary Vee, calls it “Trash Talk”. He’s very wealthy but still does this for fun. Tune in for ideas that might inspire more of your own possibility thinking.
“This is how ANYONE watching this video can make an extra $100 – $1,000 on the weekends… Whether it’s garage sales, or craigslist free, or eBay, if you just spend your Saturdays and Sundays taking the time to do this, you can CRUSH 2019.”
Here are some extra resources for getting started:
- Finding easy selling products for ebay
- How to find FREE stuff to sell on Facebook Marketplace, Craigslist, and eBay
Warning: Gary swears a lot. However, he’s entertaining, full of practical advice, and could be a great way to remove clutter and make extra cash!
What is Arbitrage?
Arbitrage is about acquiring a commodity and selling it in a different marketplace with the goal of earning more than you paid for the product. While the word can sometimes be hard to say, the concept is fairly simple to grasp. Khan Academy has a great training on the basics of arbitrage which you can watch here!
“Every second you spend thinking about what somebody else has, is taking away time that you could create something for yourself.”
~Gary Vaynerchuk, entrepreneur, visionary
Clearing Out the Old
We’ve lived in the same home for 28 years. This has been our home, our haven, our homeschool, our business offices, and also our warehouse for inventory. It is also where we garden and grow things… children… plants… people… critters… ourselves.
In these past few years of entrepreneurial endeavors, and as LeAura shifted from mostly full time mom and homeschool parent to full time entrepreneur, some things had to change. One was the order and extra attention to the extra niceties of things that used to hold sway here.
If you’re on an entrepreneurial journey, be that building a business, building an art portfolio or writing books, you’ll find that you can’t do it all, so don’t try. Trying to be Wonder Woman or Superman can be a fast track to stress and burnout.
Anyway, subsequently, we’re very long overdue gutting our closets and basically every area of the home. So that’s an ongoing project for the rest of this year, fall through spring, and we’re definitely turning some of the clutter to cash!
As nature clears the trees of that which must be let go, so too are we clearing the nooks and crannies of our home. It’s slow going because we can’t do it full time… a drawer or cabinet at a time, but we are making progress. #NameOfTheGame
If you don’t have a lot of time to put into it, then you can’t expect to make a lot, but it’s a whole lot better than the work involved in creating your own yard sale. At least that’s been our experience.
Let us know how it goes if you try some online arbitrage from your clutter or bargain hunting. For more ideas on how to make money, check out this article.
Hey! I’m Devani, a multi-passionate creator who enjoys honing the craft of writing (mostly;)), photography, cooking, podcasting, learning about business, and growing brands. I co-host the iCreateDaily Podcast with LeAura Alderson (my mom), and co-own the iCreateDaily brand. I hope through the content and products we produce, you will be inspired to start, sustain, and succeed in your goals.
My non-business and artistic hobbies include: enjoying a good movie, discovering obscure but epic music, obsessing over The Beatles, and developing fictional stories in my head. My Maltese dog, Caspian, provides an insane amount of creative inspiration by just being his adorable self. #HeWokeUpLikeThat. 😉
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