Looking for a business with high paying potential? Selling cars is one way you can earn a big income, and you don’t even need qualifications. With many people keeping their day job and treating it as a hobby or additional income source.
How much can you earn flipping cars?
The vast majority of full time bike flippers are averaging a net profit of £1,000 per motorcycle. With £1,000 riding on each transaction, the real question is: how many bikes can a flipper sell each year? On average you should be able to sell 52 bikes a year. If the average bike flipper earns £1000 per sale, they would gross £52,000 annually. However, most flippers have a few years of experience flipping bikes. Newer flippers will most likely sell fewer units, and have lower incomes.
According to TotalJobs, the average bike salesman earns between £35,000 – £40,000 per year, but the range in income is massive. With some earning as little as £19,000, and the best making £47,500. It is important to note that almost all work more than a 40 hours per week. Motorcycle flippers earnings will vary in a similar way. With newer flippers usually selling fewer bikes that flippers with years of experience.
What does it take to be successful as a motorcycle flipper?
The only tool you will need is a smartphone. You don’t need a laptop or fancy camera. I run the whole business from my phone. I write all the ads take the photos and manage all the enquires from it.
In addition to this you will need bike insurance in most cases. But very little else to get started apart from a little motorcycle knowledge and some determination.
But if you want to earn a good income as a motorcycle flipper, then you’re going to need to work on setting up the business and will probably need to be doing it full time. You will need to carefully watch expenses, especially advertising expenses and repair costs, plus have a great source of motorcycles.
You can source bikes from lots of different places such as franchised garages, auctions, classifieds and small garages. Our favourite way of finding stock is by using franchised garages. But you will need the skills to form great relationships with local garages.
You will also need to learn how to wash and detail a bike properly. Good photography and copywriting skills are also becoming more important in the digital bike selling age. You will probably need more than just a few bikes in stock too. But the good news is that you can start slowing and build the business and your confidence up over time.
You can also earn a great additional income from flipping bike part time. I have seen many people selling 10 – 20 bikes per year to supplement their income, or to pay off debt or fund a holiday. It can also be a fun and rewarding hobby.
However you look at it flipping bikes for a living or as a simple side hustle can be highly rewarding. Very few side hustles have the potential of bike flipping, so by following the advice on this website you will be able to make a great additional income or escape the 9-5.