Hey everyone! I recently interviewed Rob Stephenson from Flea Market Flipper to find out how he made tens of thousands of dollars on the side as a “flipper” before pursuing it as his full-time business.
I've always been so fascinated by “flipping”, which is the art of finding things that nobody else sees value in and selling for a profit! My mother-in-law has made extra money flipping on the side the entire time I've known my wife. I've seen her buy and sell everything from coffee tables, chairs, antiques, plants, and even a door and flip it for a profit. It's pretty incredible.
If you're someone that is looking for a way to make extra money that doesn't require technical skills or even start up money, flipping would be an awesome side-hustle to try.
Rob has a complete course on flipping called Flipper University that will teach you everything you need to know to become a successful, money making flipper. I went through the entire course and highly recommend that you take it!
Take a look at my interview with Rob below:
How much money does someone that is brand new to flipping need to get started?
Bobby I'll be honest with you, you can get started with no money out of pocket. I just wrote an eBook trying to teach people how to get free stuff to flip. It teaches you how to get items that are free and then sell them on different avenues like Craigslist, eBay, Offer Up, etc.
I usually recommend people start with $20-$50 to pick up a few items from flea markets, thrift stores, or yard sales to flip. Not everyone will want to go searching for free items, so that is a good amount to get someones feet wet to do this.
But it's really just like anything else, once you apply yourself to learning the trade you can make good money.
What's your favorite flip that you've ever done?
I have so many of them! I'm not the typical kind of guy, I look for weird stuff. I was at the flea market last weekend and bought two prosthetic legs. That's really one of my favorite items that I look for all the time. They're small and easy to flip, and I found two more of them when I went to the flea market on Saturday.
The biggest one I ever did was something we recently flipped. We sold a parking lot tower that we found at an auction. It's on a trailer with a hydraulic lift that has a glass enclosed tower for a security guard. We bought it for $6,000 and ended up selling it for $25,000! We always like the ones that we make a lot of money on.
Honestly though, a parking lot tower isn't a common item that you would normally find. I make a lot of money on the smaller things that I come across.
How long do you think it takes to start making significant income?
If you have a regular 9-5 and just want to start saving up money on the side, you can really start making $1,000 to $2,000 a month pretty quickly if you're diligent and really work at it. This is what I enjoy doing, so it makes it easier to put the time in and make money with it.
How many hours do you personally spend flipping now?
Since I've been doing it full-time probably a little bit more than I used to…but I have a wife and kids so I'm able to spend time with them and do things during the day like exercise with my wife. I would say I spend about 20-25 hours a week flipping.
Get started today: Use my exclusive link to access the Flipper University!
Did you start out doing this on the side or was it always going to be your full-time job?
I started out on the side; it's just something I enjoyed. I liked finding weird things and deals on different items. Everything that's in our house is something that we found used, even cars and jet-skis and different things like that. It's kinda the hunt for the deal that I enjoy at garage sales and flea markets to be honest.
When you're looking at an item, how do you research what it's worth?
Oh, there's all sorts of things you can use to find out how much an item is worth. You can look on Google or who is selling it on eBay, sometimes Craigslist. But sometimes it won't be simple to find the price like on that tower I mentioned earlier. I had to call around and figure out how much something like that sells for. But for the majority of the time I try to do all the research I can to find the retail price and see what I can make on the item.
What is your number one trick for negotiating a purchase price down?
A lot of these people that I'm buying from are people that I've built relationships with over the years. These people make money off of me too, and usually people that are selling aren't trying to make as much money on the item as I am. I'd say be nice to everyone and try to build a relationship with them from the beginning so you'll have a better chance of negotiating with them in the future.
If you're interested in learning more about flipping, you'll want to take Rob's Flipper University course. There are three different options to choose from, but I'd go ahead and take the complete course. After going through it myself, it has great information on shipping items, avoiding scams, and more! You can use my exclusive link to access Flipper University and get started today.
(As a side note – Rob is super nice! Like I mentioned earlier, my mother-in-law flips items regularly, and Rob took the time to answer several of her questions about eBay and a few other things after the interview. He's also into waterskiing like I am! Thanks for your time Rob!)