How to make money by reselling old furniture

Reselling furniture is a fairly profitable business. Many people earn quite a decent amount of money from this every month. However, if you engage in resale regularly, you will need to formalize everything accordingly at the legislative level. But if you decide to just try yourself in this business, then of course you shouldn’t immediately go and register your activity, because nothing bad will happen if you resell one wall or sofa.

Where can you buy old furniture?

The first question that arises is where to get furniture? And it’s also cheap, so you can make money by selling it again. And here thrift stores, flea markets, and private advertisements will come to the rescue. But there is another loophole with which you can “buy” furniture for free. Yes, you read correctly, for nothing.

On the Internet there are many advertisements from individuals who will give away furniture for free. People who are moving and don’t have time to place ads for sale often give away furniture for free; they just need to give the furniture back quickly. But there are other cases - the furniture is in such poor condition that it is simply given away for nothing. Of course, in this case, a little restorer skills will be required, and if you have them, then you don’t have to give up such furniture.

How much money do you need to invest?

Well, it depends on where you will buy, and whether there will be any restoration work.By the way, the latter can significantly increase the selling price. Although you will need to invest additional funds, for example, on varnishes and fabrics (if we are talking about reupholstering a sofa), all these funds will still pay off in the end.

Do not forget that you will need to consider the moment of transporting the goods after purchase. It is very rare to find an advertisement where furniture will be delivered to you at the specified address.

Initially, a few thousand rubles will be enough. Let's look at the example of buying a cabinet, as well as its resale with and without partial restoration.

Buying a cabinet will cost from 0 (if you find it for free) to 1000 rubles. You will also need to translate the goods; this service will cost an average of 500 rubles. If there is no place where to store and restore purchased items, then you will need to initially solve this problem, since the purchased furniture must be stored somewhere. Of course, with several purchases, renting a separate room does not make any sense.

Suppose the cabinet needs to be varnished or painted so that its appearance is more or less advantageous. If the cabinet is varnished or painted, then you still need to add 300 rubles.

Initial costs are in the range of 500 – 1800 rubles.

Attention! Prices are approximate. Depending on the region of Russia, the cost of certain types of services may vary significantly. If you decide to engage in such activities, you will need to take prices that correspond specifically to your region.

How and where to sell

You can sell furniture in the same place where you bought it. Of course, if you advertise privately, you can sell it faster than taking it to a consignment store. In addition, consignment shops make an additional markup, that is, they set the price higher than that indicated by the person who handed over the furniture.And this difference (sale amount minus the amount indicated by the owner of the furniture) is the profit of the consignment store.

If you have a page or even pages on social networks, then you can also actively use them.

You can also place an ad in your local newspaper. There is no point in submitting advertisements to newspapers in other regions, since there will be few responses.

Payback

Well, now the most interesting thing is how much income can resale of furniture bring? It all depends on the initial purchase price. If you resell furniture that was taken for free, then of course the profit, one might say, is out of the blue. If you restore it, you can sell it for several times more, thereby recouping the costs of restoration and transportation.

The cabinet can be sold for 2500-5000 rubles. Net profit will be 700–4500 rubles.

The example is considered on the resale of one cabinet, and if you buy several, then the profit will be significantly higher. You can also open your own consignment store, in which case you will need to draw up a business plan and take into account possible risks, taxes and competition.

You can also resell other items and interior parts. Thanks to the development of Internet technologies, engaging in such activities has become very easy and simple.