Unless you live in the desert, you’ve probably seen an antique store or two in your day. What you may not have seen though is someone that buys antiques and flips them for a profit. It’s not because they know a lot about antiques or can look at something and give you its value on the fly. No, it’s because they are business smart and know what to look for. You too can buy antiques and flip them for a profit and the list of tips below will make it very easy for you to get started. Interested? If so, go ahead and scroll down now to start!

Do Your Research

Unless you plan on getting rich with this venture, it’s best to pick a particular niche and do your research on it. It could be anything from antique furniture, vintage coins, or even old sewing machines. Regardless of what type of antique catches your attention, make sure that you read up on them. Learn about the qualities that make them valuable as well as the qualities that make them worthless. Find out what certain items are selling for (and not what people are asking for them). From there, it’s all about buying them for a little less.

Learn Where To Shop

What we mean by this is that antique stores aren’t the only place to buy antiques. In fact, that’s probably one place that you want to avoid. Sure, they’re bound to be full of valuable antiques but they are probably priced around what they are worth which leaves you little room to make money. Unless you can haggle them down or find a store that doesn’t know their stuff, you’re better off rummaging around thrift shops, estate sales, and yard sales.

Build Up Inventory

Finally, the last tip we have for you is this. Build up your inventory before you actually start selling. Pick a budget (say $100) and buy something. Take the profit that you make from it and put it in your pocket. Then, take that $100 and buy something else. If you want to step it up, give yourself a bigger budget out of the profit as you progress. Just make sure that you build up an inventory first (even if just a few items) so you have more than one antique for sale. This will give you the very best chance of long term financial success.

And if you follow these tips, you’ll find that you will be flipping antiques for a profit in no time. It’s really not that hard and we know a lot of people that supplement their income by a few hundred dollars a week doing this. It is a lot of work at first but once you build up a solid inventory (and gradually add on to it over time as you sell), you’ll have no trouble selling. We’ve even seen some people who struggle to keep enough stuff to sell. Not only will you get repeat customers but you’ll get to a see a lot of cool items which is awesome!