How To Flip Bikes To Make Money | Buy And Sell Tips
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- Опубліковано 29 вер 2024
- Over the past 3 or 4 years, I've bought and sold over 70 bikes. While I haven't made money on every single bike, I've still managed to make a profit overall on top of buying a few bikes for my personal use. In this video, I give 10 tips that'll help you find the best deals on bikes so you can then flip them for a profit.
Basic Maintenance Tools I Recommend:
Metric Hex Key Wrenches - amzn.to/3LV7P6v
Housing And Cable Cutter - amzn.to/3rZrQRj
Cassette Lockring Tool - amzn.to/3By2Vr9
Bottom Bracket Removal Tool - amzn.to/3gWlkVe
Chain Whip (or build your own) - amzn.to/34Jh0WV
My E-Bike:
Ride1Up Core5 - ride1up.com/pr...
#mtb #sidehustle #bike - Спорт
Pro tip: steal the bikes for a near 100% profit margin
Best tip. Cant wait to try it out. 💀
😊
LOLLLLL😂😂😂😂😂😂😂 I’m ded
Just pain it over so they don’t recognize it. Especially if you’re from Denmark or you’ll get busted
that's alot higher than 100%! 100% would be buying for $1 and selling for $2.
How accurate is the Bicycle Blue Book on pricing? And now that the market has changed can you really expect that you'll get what you're asking?
I always found it to be within the right range, but typically lower than it should be (kind of like KBB often is). We're in a unique situation now with how the bike industry got a bit too excited with ordering, so yeah it's definitely a buyers market. I still think profitable flips are possible though, you just have to have a keen eye for extra good deals.
I want to sell my bike and i need to know where i need to search .. give some forums classifieds of bikes ?
I appreciate the tips and transparency when buying and selling. I admire the effort you have put in, the spreadsheet says it all. Your approach appears fair and straightforward.
As someone looking to sell a Growler stout, this video is timely.
Seems like flipping bikes is not done for the profit ($1900 for 70 bikes) but it's mainly a hobby. If you work for 4h per bike, that's $6.8 per hour for exhange of your freetime. Not sustainable.
It’s a hobby that pays for itself. I figure if I keep myself busy buying bikes and parts that will eventually be reimbursed + small profit, that’s better than most hobbies.
If you know what you're doing you make good money. Been doing it for years
@@VvvnimaL how much do you make?
@@jacksmith4266 up and down. Minimum is around $500 per bike, most has been around 2k. Average about 800 a bike (profit)
I do the same thing, the only trouble, is you always end up selling at least one bike you wish you'd kept....
Yeah I definitely have more than one of those haha
Bought a nukeproof scout 290 for 350. Sold it for doble the price. 😢wish I could of kept it
Use car spray wax yellow wax is best..
Spray onto microfiber clothe and wipe bike off..
You'll have a beautiful bike
Stay away from water and use triflow lubricant thats used for sewing machines
Don't put into wheel bearings or crank
Put on chain links on the bearings into derailer gears onto cables wire where brake line meets calipers springs etc...
Alcohol is good for loosening seized parts and boiling water sometimes
I will go to rubbing alcohol first choice..
Take the wheel hubs apart every couple months and clean them keep them fresh with grease like a good automotive bearing grease, your bike neck to
I hope this helps you and other people
Go to actual bike shops and ask for triflow lubricant they'll explain how to use it if needed as well.
Stay away from water chain should always look shinny, and the links connected along it
If anything looks dull place the triflow on it get bearings lubricated
Good luck stay safe in the biking world.
JayDees Bikes, West Coast
Hey Bud, great tips! may I ask what tools are necessary for these sort of tune-ups? Also, do you have any idea about what tools are needed for restoring bikes? There are a lot of bikes that are sent to the rubbish yard every year. I see at least 2 bikes per household every time there is a council cleanup but I don't know which tools to use to restore them. I've asked many bike shops locally but they don't really want to help because they see it as taking the business away from them.
I just added several links in the description for tools that are good to have. If you had all 5 of those plus some screwdrivers, you can do a pretty large chunk of the repairs that are necessary to get a bike up and running.
@@RideYearRound Damn! you weren't joking about quick replies! haha just kidding. Thanks mate! Any other special tips that you might have missed in the video or learnt recently?
If you want more maintenance tips I have another video on how to learn that side of things and the description recommends a few channels that are far better at that side of things than I am. Other than that, just go for it…the first buy is the hardest haha
@@RideYearRound no worries! I'll find that video. Thanks. 😊🙏
I cannot believe you got both of those wolftrax for $1500! That would've been a good price for just one of them!
I know! Still my best deal to date…
Yes, works better if you know bikes & how to fix them.... I often change a new chain also, extends life of the drivetrain... and advertise all repairs you've done, buyer will appreciate...
I would like to fix and resell but I don't like to deal with buying bikes independently. Is there any option in UK to supply used bikes so you can get a few bikes at one time then take your time to fix and resell?? It's a lot of time wasted by buying one bike at a time
Nice and informative video. My question is, when you get a bike that you feel is under-spec'd, and upgrading some components would make a difference in the rider experience, what would be your advice or rule-of-thumb on deciding what to spend on upgrades?
dont upgrande unless the part on the bike is unusable
Looking at sales pages and classifieds every single day is a great way to get amazing come ups. I got an odyssey vandero v2 hazard lite wheel complete in mint condition chrome color bmx 20” wheel for 60$…. With a 100 psi tire on it. Easy 200 bucks. Odyssey hasn’t restocked chrome in a long time I guess I knew it was rare when I saw it just stuck out to me like a diamond shining
If I am buying off somebody and finding a steal, then reselling it for double should i block the person i bought off, don’t want to piss anybody off 😂😂 Or business is business?
do you think the ICT with 29+ will ride as well as the Krampus with 29+ ie is there any downside to getting the ICT over the Krampus for riding 29+?
The geometries of the ICT and Krampus are surprisingly similar, with the main differences being 5mm of BB drop, 5mm of chainstay length, and 1 degree on the HTA (the ICT is slacker). The ICT can also clear a larger chainring. That said, if you don't plan to ever use the fat set up I'd just the get the Krampus so you're good to go instead of having to also source a 29+ wheelset for the ICT.
@@RideYearRound okay thanks for that, sounds like both good and no real downsides
Awesome video dude! One time I bought a bike for 100$ and flipped for 1000
How do u not buy a stolen bike??????????
Trust your gut. If it seems completely ridiculously priced or the person gives odd answers where they don't know much about the bike, then there's a good chance it's stolen. I've backed out on a deal more than once because it was sketchy.
My problem is I always end up spending way too much time cleaning them
I want to get into flipping bikes for profit, but the thing is I know nothing about bikes. I have started doing some research and I have figured out all the good bike brands to look out for when searching through Facebook Marketplace or Craigslist, but I still seem very lost. You mentioned in your video that it is important to know what you are looking for when buying a bike, but I can't seem to find a proper resource that'll give me the tools and knowledge to know what to look for. Do you have any tips or recommendations you can give me to learn more about bikes? Thank you
Ride🗿
You won't make money anymore unless you have a LOT of time (implied being unemployed or having a part-time job), trust me. The current market is in a rough spot:
- No more shortage comparatively to 2020-2022 => cheaper prices. The covid wave have passed: bikes still sell but the growth of sold bikes has slowed a lot in 2023.
- Bike shops bought too much (some even closed because of that poor management) and have big inventories that they want to get rid of => sales for new stuff
- Lot of people bought new bikes thinking they would commit in the sport but never did. Most just bought compulsively and now are back working etc. => the used market is literally flooded by bikes and the demand is much lower than the offer, making loads of bikes taking dust in the garage. There's more competition and thus cheaper prices.
Deal in Trek bikes, that name is magic everybody wants them!
Would offering them for a price snd trade be aight?
a lot of the bike parts i don’t understand how can i learn about that 😊
Pro tip post footage of the offroading in the selling page
When selling an ebike that goes 30+ mph, should I let the interested buyer test ride it?
I am planning to sell my bike but that is the part I am stuck on because I don’t know the potential buyer and recovery of a stolen bike would be impossible, not like a car.
The test ride and exchange of money are questions that are pausing my plans to sell.
Make you take something from them beforehand e.g. their girlfriend, licence, phone, money before.
can you share the excel document?
70 bikes is small change. Still respectable though. I started out flipping cheap bikes but got into more expensive more later on. The most i've ever made flipping a bike was $2,600. This year alone, i've had 3 bikes i've made $2,000 or more on. I've flipped easily 3000 bikes in the past few years. I typically price at blue book value for most bikes. If it's a higher end brand (salsa, etc) i can price way over blue book value. I almost always price lower than any other market comp in my area. If the bike is priced at blue book value and i believe it's worth it, i dont negotiate. I generally price to sell and don't negotiate. If buyers were reasonable, i would have no issue negotiating but with the time i have to put into communicating, meeting, etc with buyers, i need to know exactly what i am going to make. Im generally okay meeting a buyer partway between major metro areas as long as they send a non-refundable deposit. I don't appreciate buyers who try to negotiate on multiple fronts. If you are offering me 75% of list and expecting me to drive 3 hours to meet you when there is nothing comparable for anywhere near my price, im going to decline.
good info. What is your typical markup on a bike? Do you deal in ebikes as well?
@@dh6984 at minimum, 200 bucks in gross profit. If I cant make that easily, it's not worth my time.
Ebikes, kinda. I've had 3 of them and there is some money to be made in them but they are highly problematic. A good amount of value in an Ebike is the warranty. Batteries have historically been the limiting factor with them. Most have a 5 year estimated life (although this more so depends on the quality of the battery). Cheap mass bikes may have a battery life of as little as 2 years. Quality ones can last well over 10. Mileage also plays a hand here. Every time a battery is charged. It loses some of it's capacity.
All in all. I like predictability. I stay clear away from ebikes unless I know there are massive margins on them. Ex:. I bought an izip e3 dash from a pawnshop non- operable summer of 2022 for $300 plus tax. Didnt include keys or charger. I could tell the bike had sat in underground storage for years and had barely been used. I figured the chances of the battery working were high. It worked well.
Had it listed below market value for comparable bikes. The brand is higher end in the ebike market but not known to the average consumer (who want to know who they are getting their bike from. Had it listed for $1750 initially. Dropped to 1600 -> 1500, 1400 , 1250. Very little action. Eventually sold it May 2023 for 1k. I made like $650 on it but wasnt worth my time for the amount of bull I had to deal with.
Moral of the story, regular bikes are easier to predict and value.
Very good video. Thanks for the inspiration on the Google Sheet!
Thanks bro.
very helpful thanks
Great info.
Link to other video?
ua-cam.com/video/O7qeYfUdvKo/v-deo.html
Well now that I know how things works, I have few epic deals that I regret not buying them to resell after.
One new El mariachi for 700 euros with 2 wheelsets
A niner GRAVEL RDO steel for 1200.
And a Fatbike with a Lauf fork for around 800.
Now I'm not a rookie anymore and that I got some knowledge im in the game.
Overall I guess isn't anything much profitable consider all the time you got to put it into but still is the passion that drives you (since you spend lot of time just watching bikes:) )
Anyway I just came from watching your mtb carbon fork video since I just bought a cheap hardtail
and would like to make the conversion one day in the future and I got to say I loved your videos. Watched also many other in the past and I aways found them top notch and on point, covering some niche argument very precisely such as plus bikes and so on. Thanks again mate!
Thanks for the kind words...Those sound like some great deals!
Like you made a dumb decision and decide you deserve to get your money back amd then some? Does that not sound like something some piece of shit scrub would do because its what i would do if i were a scrub like how do figure you deserve more money than what you paid for it?
Responding to both your comments, I don’t have any “victims”. I find bikes below market value, clean and tune them up, and then sell them at the going market price. If they were listed too high it’d take a lot longer to sell them. If you own a house or land, please let me know when you’re selling it…I’d love to pay you less than what you originally paid for it.
Talking about how hard it is to source a new bike yet highballs his victims on used bikes oof
What do you mean by classifieds? I plan to use facebook marketplace
Classifieds = place where people can sell stuff (I.e. Facebook marketplace, local newspaper, Craigslist…)
@@RideYearRound thank you!