2nd Hand Flip

Review from a Resell Shop Owner: I find this book to be an excellent guide for the person thinking about starting a business in resale it's nicely laid out very informative lots of details you've covered all the bases and have a great chronological order making for the perfect outline to starting your own business. Especially love the chapter on Pinterest and the role it plays in this business. storealways

Toddalways
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Step into the world of reselling, where the thrill of the deal awaits you. Have you ever wandered through antique markets, thrift shops, or second-hand stores, pondering the secrets of the trade held by those savvy dealers? Now, in 2023, the landscape of this market has evolved, presenting new opportunities for exploration. From closeout sales at retail stores to vibrant flea markets, the possibilities are endless.

Regardless of your socioeconomic background—whether you're rich, poor, or somewhere in between—the art of the deal lies within each of us. It's a fundamental part of the American Dream, encapsulated in the timeless adage: Buy low and flip it for profit.

Why should you consider stepping into the reselling business? According to the National Association of Resale Trades (NARTS), an esteemed consumer research firm, approximately 15% of Americans engage in shopping at resale stores annually. Over the past two years, the industry has witnessed a steady growth rate of 7% per annum. Projections from IBISWorld suggest that reselling is poised to sustain an annualized growth rate of nearly 3% in the coming years.

These figures only scratch the surface. When factoring in sales from flea markets and online thrift stores, the numbers soar even higher. Consignment and resale shops, in particular, boast an impressive customer base, ranging between 12% to 15%.

To put these statistics into perspective, consider that during the same timeframe, only 11% of shoppers visited outlet malls, less than 20% frequented apparel stores, and just over 21% patronized major department stores.

While many brick-and-mortar businesses face closure daily, the resilience of resale stores shines through. From the bustling corridors of flea market stalls to the cozy confines of mom-and-pop booths in resale malls, this sector remains robust and ranks among the fastest-growing segments of the retail market..