Are you a fan of electronics? Are you good at minor repairs? Do you love the hunt for a bargain? Do you have space in your home to stash items? Then maybe you should consider flipping electronic items for cash. But what should you flip?
While it pains me to say it, a number of items that were ubiquitous in my childhood and teenage years are now considered retro and can be flipped for good money. What kinds of items?
I definitely remember the days of rollerskating around with a Walkman clipped to my waistband, rocking out to Wilson Phillips through my flimsy headphones. And since everything old is new again, people are definitely more interested in getting their hands on these retro items. Frequently, you can find them at garage sales, occasionally at stores like Goodwill or the Salvation Army, and another easy way to get your hands on them can be to reach out to your local neighborhood lists and see if anyone has any “junk” they want to get off your hands.
You might have to clean up some of these items (let’s be honest – plenty of them are just gathering dust in basements and attics), but that’s easy enough.
Are you at all handy? Are you good with electronics? Then consider making a go at repairing broken electronics and selling them. This can be great if you’re working with retro electronics, but plenty of people have modern items that aren’t in good working condition and are willing to give them up for free, especially if you’re willing to come pick them up off of their porch. I know I’ve gotten rid of an old broken DVD player that way – I posted in a neighborhood group and someone who likes repairing things came to pick it up. I was happy to be done with it, and he was able to flip it pretty easily. I’m not good at repairing things, so this isn’t a route I would ever go, but it certainly can be an easy way to make some money if you’re at all good with electronics.
Where to Sell
Of course, the easiest way to sell these items is online. eBay is an easy place to start, but you can also try selling locally through sites like Facebook marketplace. Mercari is also an option. And you might have a local vintage store that’s willing to take a bunch off of your hands, but you certainly won’t make as much that way.
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Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.