You had a gift card lying around in your home.
You didn’t care about redeeming it.
Instead, you chose to do what many are doing now: get cash for gift cards.
But that’s one thing. When it comes to flipping gift cards, it’s a whole different game. It’s much more than just about finding a website to sell gift cards online instantly and make a few bucks.
You’re trying to maximize the returns, make flipping gift cards a sustainable side-hustle, and ensure the profit is worth the efforts.
So, the whole process demands a whole different set of skills. You ought to be good at negotiation and research. You must put in the work.
When all the dots are jotted together, you can enjoy a nice income from flipping gift cards.
So, while it’s straightforward, it’s far from easy.
Unsurprisingly, there’s a lot of room to commit mistakes. And there’s a good chance that you’ll end up making some of these mistakes yourself.
In fact, to give you a heads-up, here are 3 signs that you might not succeed at gift cards flipping:
1. You’re looking for easy money
Selling one gift card online on a boring Sunday is completely different vs. flipping gift cards. The former is easy, the latter isn’t.
If you’re looking for easy money, #FlipLife isn’t really for you.
Neither is it about easy money, nor can it make you rich.
So, if you’re looking for a quick or easy money avenue, this isn’t necessarily for you. You will inevitably end up disappointed.
2. You’re not ready to do research work
It takes a lot of work. A large part of that work would include doing research…
Doing research about gift cards of which store is doing well these days; who are offering these vouchers at the lowest price possible; where you can sell gift cards online instantly that brings you the highest value; how you can cut an even bigger profit margin.
You need to address so many different factors. And it requires more than just Googling “cash for gift cards near me”.
3. You’re selling at the wrong website
This is perhaps the most important part of the process.
Admittedly, the profit margin of selling gift cards is already low; you make up for that and accrue big profit by selling in a large quantity.
If you’re working with a wrong dealer or exchange that’s providing you an even lower margin – that’s a big problem.
You need to find a website that accepts gift cards from a wide range of stores; a website that offers the highest possible market value for your card; a website that offers other advantages like multiple payment options.
If case if you’ve ended up with the wrong website, you will eventually end up drained without the desired result.
Can You Win?
These are the three signs that you might not succeed at gift cards flipping.
Again, it’s not easy. The process requires hustle. And if you’re ready to chip in that work, flipping gift cards can turn up to be quite profitable for you.
So many people are enjoying enough cash for gift cards. You can be one of them. You just need to get a few things correctly and then make it happen.