Bought: $13.55 Sold: $36.00 Fees: $4.20 Profit: $18.25
A few months ago I decided to see if I could try to find clothes to flip, and while I bought about a dozen things to try and sell, I quickly realized it wasn't for me. A lot of people do quite well selling clothes on eBay secondhand, and there is a large market for it. That being said, there are few reasons why it doesn't work for me: 1) I'm in Canada, and shipping with CanadaPost compared to USPS is extraordinarily more expensive. Mailing a shirt like this from a US address to a US address with USPS would be $2-3. For me to mail this shirt from Canada to the US was $13. So, shipping costs on small light items really hurts your ability to be competitive, which brings me to 2) the market for clothing is flooded. It is really hard for your listing to stand out among the other 1,000. Most of what I sell has less than a dozen other listings and I am selling to collectors who know exactly what they are looking for, and 3) clothing prices at thrift stores here are not conducive to reselling unless you find really high end designer labels. I spent more on this shirt than I spend on most of my hard goods. I'm glad this sold, and I'm glad I made a profit, but I'm just more glad that my experiment into clothing flipping wasn't a complete failure.
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