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I was thinking about the title for this post and I kinda thought it might come across a little sleazy, so just a little disclaimer for you, flipping furniture for profit is definitely not a “get rich quick” scheme. It involves hard work, creativity, time and, of course, passion for transforming furniture!
The title remains the same because I strongly believe that to have a successful furniture flipping business, this is the kind of profit you should be making when you sell. Obviously a dresser brings in more than smaller pieces, but the profits should still be great!
Since becoming pregnant with our 4th baby I haven’t been very focused on refinishing furniture, mostly because pregnancy tends to shred me of any desire to do anything I wanted to do before!
I did get some groove back over the past month or so ( I even painted some of our own stuff – check out my post on How to Transform your Bathroom Vanity in One Afternoon and How to Paint Your Dining Room Table in Under 2 Hours!).
I also built an AMAZING giant Farmhouse clock, which I’ll be adding pictures & DIY instructions for in the near future, AND I painted a new dresser and twin bed for my two older girls bedroom redo that I’ll likely only post about after the New Year…yes, busy, busy!
They call this stage “nesting”, seems like such a sweet term for describing slightly crazy and obsessive behavior!
I finally get around to staging and photographing a dresser that I hadn’t had the energy or inspiration to list, even though it had been finished for quite some time.
The interesting thing about this particular dresser is that I didn’t even have time to list it before I received a message from a lady who had seen it at a Vintage Market we had participated in and hadn’t been able to stop thinking about it, she was ecstatic to know it was still available and paid full price and the delivery charge without blinking an eye!
You just never know where your buyers will come from. Nor do you always know what people are looking for, sometimes the piece I think is AWESOME takes forever to sell and the piece I’m not a huge fan of sells in 20 minutes!
More often than not we sell our pieces directly from our Facebook Business page (Rustique Elegance) because it has grown to have more than enough followers to find a few that are looking for the piece we just listed, but that doesn’t mean we don’t try to bring in new followers and market in different places.
*Related Post: Check out my post on How to Easily Sell Your Furniture On Facebook if you’d like to know the strategies that have worked for us!*
Here is a picture of the dresser ( the one I didn’t even get a chance to list) It only cost me 25$!
I love how it turned out! I sold this one for 350$ plus I charged 25$ for delivery. I hope you not only offer delivery, but charge a fee for it as well!
**If you are struggling with pricing your work to make a profit check out my post How To Price Furniture- The Perfect Guide To Having A Profitable Business.**
When it comes to materials, I really used very little product for the dresser, maybe 1/4 of the can of paint and a couple of coats of Poly, it may have amounted to 10$ in total product costs.
Time spent is different for every piece, this one was very straightforward and fast, a couple of coats of paint, distressed, sealed, done. I probably put about 2.5 hours of total labor into it.
The total profit on this dresser amounted to… *drum roll*… 315$! That’s removing the cost of the piece and materials.
The key to pricing with confidence using the guidelines in my price chart (you can view it in this post) is only using top quality products and top quality furniture (real wood is definitely preferable!). This not only helps you get your pieces sold, it helps maximize profit and it also helps you get repeat customers!
My goal in writing this post was to show you the potential income you could make Flipping Furniture. That was only one piece of furniture. You could easily paint 3-5 pieces of furniture a week without too much difficulty! Unless you’re pregnant like me, and that number drops drastically, to like, 1 every 4 months!
*There are affiliate links below, you can see my full disclosure right here*
Here are some of the resources I love and highly recommend to get your business off the ground and start making a profit Flipping Furniture:
1.Flipping Furniture for Profit 12 Step Course this is the absolute BEST and most useful course every Furniture Flipper needs to take. We more than doubled our profits and greatly increased our followers after implementing what we learned from this course! Worth every penny!
We still go back and learn new tricks and ideas as they update the course with new content! If you sign up through my link you can access the course immediately, otherwise the course is closed until sometime in January!
2. The Ultimate Guide to Staging & Photography if you are on a tighter budget, this mini course ( which is over 60 pages of content!) is super affordable and will teach you everything you need to know to stage & photograph your furniture like a pro.
We used to photograph our furniture outside, and as much as I LOVE outside pictures, we learned through these guides how to professionally photograph (with our phone, mind you, no fancy equipment necessary!) our furniture inside and create an emotional response in potential buyers.
3.The Ultimate Guide to Custom Furniture Painting I talked about this a little in my post, custom work is guaranteed money in your pocket, it’s something every serious Furniture Flipper should offer as a service, and it’s a big money-maker!
If you’re nervous about custom work, uncertain of what steps you should take, what contracts you need, how to price etc… this course will help give you the confidence to start offering custom work without any worries at all!
4.PicMonkey I use this app to edit all my pictures on my phone, quick and easy to use, I love it!
5.Canva we use this app to create pretty graphics and collages for our business page and for advertising purposes, it’s pretty awesome!
I’d love to hear from you! Leave a comment or question below!