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Garage Sale Flipping Side Hustle

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I love side hustles. And apparently — you do too. Zapier reports that one in three Americans — 34 percent — have a side hustle. Moreover, that number is likely to grow as more people start exploring new jobs and opportunities — which has definitely been the case due to the Covid-19 pandemic.

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Despite the economy’s attempts to normalize, millions of workers have opted not to return to work. Some are predicting another “Great Resignation” wave by January. Because of this, many people worry about where they will end up and how they will earn a living.

Enter side hustling.

Even if you aren’t a part of the “Great Resignation,” having an additional income source can help you pay down your faster. Or, you can simply save this extra income. I mean, approximately 25% of American households don’t have an emergency fund. Additionally, 42% of non-retired adults under 30 do not have any retirement savings.

At the same time, you might not always have the time or energy to do a side hustle. If you’re a parent working full-time, I’m sure that after the kids hit the hay, you’re not far behind. But, what if I told you that was a way to make six figures just by selling the junk found in a garage.

Sound too good to be true? Well, this money-making venture is precisely what “Meet Rob and Melissa Stephenson” of The Flea Market Flipper have been able to successfully achieve.

What is Flea Market Flipping?

Have you ever caught Flea Market Flip on HGTV? If so, you know how this works. Instead of stocks or real estate, this is a buy low/sell high strategy applied to everyday items.

More specifically, this involves purchasing merchandise on the cheap, then selling it for a higher price to others. Okay — I know this isn’t a groundbreaking idea, but you have to be inspired by the people who have the guts to dig in and make an idea like this work for themselves. For years, people have been scouring flea markets or garage sales for deals on antiques, electronics, and home appliances. You can also find sellable items at thrift stores, going out of business events, or online platforms like Craigslist, eBay, OfferUp, and Facebook Marketplace.

From there, a product can be sold at the exact location where it was initially purchased. Or it can be sold elsewhere.

How can you make money doing this? Well, someone could be selling a large item, such as a piece of furniture, because they’re moving and don’t want to lug it around. Other times, it’s just a matter of timing. For example, someone might be planning a camping trip and realize that they need to replace their bused kayak. So instead of dropping the cash on a new one, they spot a reasonably used item online.

Why Flea Market Flipping?

It’s essential to stay up-to-date on new and innovative ways of making money. But, I’m also always curious about why people choose money-making endeavors.

For Rob? It’s the thrill of the hunt. He’s been scavenging for deals and flipping these items since he was 16 years old. But, in addition to the deal-hunting, Rob found that it was a great way to make money on the side, especially when he and Melissa got married.

“It was our fun money,” he said. “When we needed extra money to go on vacation, when we needed extra money to fix a car, something like that, I’d go out, and I’d flip something, I’d find something, I’d buy it, I resell it, and we made money that way.”

However, Rob and Melissa came to a crossroads when she was pregnant with their third child, and his work cut his health insurance.

“So, we had to decide, okay, do you go find something else to do for our health insurance?” says Melissa. “Or do we look at what we’ve been doing on the side and jump in with both feet and do it full time?”

At that point, they decided to turn their side hustle into a full-time gig.

Since flea market flipping is entirely flexible, the Stephensons’ can seamlessly balance their personal and business lives. For example, they can drop their kids off at school and then pick up an item that a friend wants to get rid of. Items can also be packaged, cleaned, photographed, or listed until it’s time to pick up the kids from school.

Work-life Integration.

But, setting their own schedules isn’t the only way that Stephenson’s are able to spend quality time together. Their kids also help out with the family business.

Since they were babies, the Stephensons’ children have explored the local flea market with their parents in backpacks or strollers. Also, many tasks of flea market flipping, like listing and packaging, can be done from home; they can help each other with the kids when needed.

Additionally, flipping at flea markets can pretty much be done anywhere, even spontaneously.

Recently, the Stephenson family took a five-week trip around the United States. While traveling from Florida to California to Washington to Michigan and back home, they made money. Over $24,000, to be exact.

Who wouldn’t do anything for a gig like that?

But, how exactly did they make that kind of loot while on the road? It was pretty simple.

While vising friends, family, and National Parks, they packed up their trailer with 14 items. Best of all? It only set them back $870. They then sold the following four items on eBay to make a cool $24,340;

  • Bus wash. They paid $500 for the car wash, listed it, and sold it for $14,500.
  • Ice cream machine. This was picked up for free and sold for $8.500.
  • Wallpaper stream. They snagged this business for $35 and got $750 for it.
  • Dance Dance Revolution. This game was purchased for 50 bucks and sold for $600.

Rob and Melissa did set up their store in advance. And, they let the buyers know that the items wouldn’t ship until they got home. But you still can’t beat making that kind of money while on vacation!

What Does It Take to be a Successful Garage Sale Flipper?

Whenever I hear about people’s journeys to wealth and the reasons behind their unusual ventures as a way to make money, I am intrigued. I have heard so many stories of people like Rob and Melissa throughout my career.

When they met, Melissa was in a horse riding show in Orlando, and then, for ten years, she was a personal trainer before she decided to stay at home with the family. As for Rob, he held several jobs, including doing home inspections for insurance. But, as mentioned earlier, he’s been flipping for around 25 years.

Growing up, Rob was one of seven children. His parents would take him and his siblings to yard sales and thrift stores to provide for everyone. His parents then began reselling some of these items to make extra cash.

With his sister, Rob began flipping NordicTrack ski machines. They could get these machines at a bargain since people who relocated to Flordia no longer needed them. Depending on the model, Rob could buy one of these machines for $5 to $20 and sell it on eBay for $200 to $900. However, he did one for an impressive $1,700.

So, flipping was always in Rob’s nature. Melissa just happened to marry into it. So, when that took the leap of faith in 2016, making flipping a full-time career made sense.

Success Tips for Flipping Flea Markets

Want to become a garage sale flipper. Rob and Melissa suggest that you first go through your home and sell the stuff you’re no longer using. It’s hard parting with items. But, if you can’t think of the last time you used it, then you can sell it.

In good condition and of decent quality, you should be able to sell it for a reasonable price. For example, if you sell expensive items on eBay, you can make around 50% of the retail price and between 10 and 30% on apps like OfferUp or Facebook Marketplace.

Whether it is clothes, electronics, or appliances, they recommend brand-name merchandise. As a general rule, a brand name will always bring in more money than a lesser brand. So, to get your feet wet, try to find and sell ten to twenty items from your house.

After selecting the items you want to sell, look them up on the platform where you’ll be listing them. Since you’re just starting out, you might like to offer a lower price until you’ve earned some positive feedback. Also, they suggest that you filter your results for what these items sold for and not the current asking prices.

Then, list your items after they’ve been cleaned. When taking pictures, snap plenty of quality features so that potential customers can spot any flaws. You can then sell list these items on the platform of your choosing, such as eBay. Rob and Melissa advise crossposting across multiple platforms to speed up sales.

The Stephensons also recommend that you start selling small purchases. And, even better, items that you’re familiar with. For example, if you’re a mechanic, you have a decent idea of how much quality tools cost and what you may be able to get from them.

Other general tips for a successful flip

  • You should always bring cash to flea markets and garage sales. They also suggest that you build relationships with smaller vendors. And always set aside a budget beforehand.
  • It’s generally recommended for flippers to invest in appliances like electric cooktops.
  • eBay’s best times for posting items for sale are between 8-11 p.m. EST on Sundays and Thursdays.
  • Algorithms love consistency. The more often you use a platform, the more often people will see your items.
  • To prevent shipping costs from eating into your profits, use uShip, or another online marketplace for local freight providers. For example, Rob uses a logistics company that charges less than $300 to ship large items from Florida to Washington.

Obstacles to be aware of in garage sale flipping.

Like any other business endeavor, garage sale flipping has its fair share of challenges. They warn that there is a learning curve ahead. Getting it right takes practice and patience, even though this seems like a straightforward business idea. But, again, that’s why when getting started, you should start small by selling items that you already have collecting dust in your attic, basement, or spare room.

Some other obstacle to take note of? For example, you may underestimate shipping costs or overpay for an item. You may even have returned items because the description wasn’t correct, or you accidentally sent the wrong item to the wrong customer.

Additionally, garage sale flipping isn’t exactly a passive income. You still have to put in the work to hunt down items to sell. It also takes time to prepare the items for listing, like cleaning the items, taking pictures of them, and printing shipping labels.

And, don’t be surprised if some people assume that you can’t actually make a genuine living flipping yard sale items. You will be discouraged by other people who don’t have the vision or courage that you do.

Final Words of Advice

Rob and Melissa Stephenson prove that anyone can break free of the 9-to-5 grind. And, more importantly, create a lifestyle that encourages balance. Because of this, I love sharing these success stories.

Flipping flea markets is the kind of side hustle you can do as a hobby. It can be used to earn extra money to pay for what your regular income can’t handle. Plus, this type of flipping has the potential to eventually become a thriving business so that you can live the life you’ve always dreamed of.

The post Garage Sale Flipping Side Hustle appeared first on Due.

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Better together: Offsetting cybersecurity’s labor challenges with API integrations

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The labor challenges afflicting cybersecurity teams far and wide are no secret. A razor-tight hiring market coupled with surging demand and an accelerating threat landscape has created a perfect storm of complexity, resulting in a widening skills gap that is driving higher levels of burnout and human error across the sector. In fact, Verizon’s independently commissioned 2022 Data Breach Investigations Report found that 82% of breaches today involve some degree of human error. Whether it’s an unsuspecting end user or a bleary-eyed analyst, the vulnerabilities caused by cognitive overload shouldn’t be overlooked.  

Take the recent high-profile Uber data breach. A malicious actor, posing as an internal IT administrator, used digital collaboration channels to trick an Uber employee into giving up their VPN credentials, leading to a total compromise of the rideshare giant’s network infrastructure. The breach exemplified the consequences of a social engineering attack targeting the always-on hybrid workforce. And with the rate of such attacks accelerating in volume and velocity, it’s clear that more visibility of these threats is needed for security teams to effectively remediate them.

Many organizations are investing in a plethora of new, best-in-class security products in response to staffing shortages. However, reactive patchwork spending on the industry’s latest niche products shouldn’t be viewed as the answer, as the tool sprawl often creates additional complexity that hurts organizations more than it helps. Enterprises, on average, have 60 to 80 different security monitoring tools in their portfolio, many of which go unused, underutilized or forgotten. Forcing security teams to master a myriad of tools, consoles and workflows shifts priorities from managing risk to managing technology.

An integrated cybersecurity framework

The companies best positioned to offset cybersecurity’s labor challenges are those adopting best-of-breed security tools and platforms that offer a deep library of API and third-party integrations. Above all, an integrated framework empowers organizations to effectively navigate their unique environments by consolidating tools and reducing human error through the following three processes:

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  • Improved protection via security intelligence and threat sharing: This enables rapid recognition and response to incoming threats via machine learning analytics tools, strengthening a human analyst’s ability to formulate swift and comprehensive cyberdefense measures.
  • Improved efficiency via automation: This enables offloading of repetitive and mundane manual tasks to AI-enabled tools, streamlining human workflows by accelerating and improving key facets of incident response and vulnerability management.
  • Improved prevention via sharing and consolidating tool data: This enables complete, real-time visibility into an organization’s entire security environment to promote the creation of targeted alerts that uncover unknown threats.

In collaborating with a wider range of security vendors, organizations leveraging API integrations benefit from the combined knowledge of all integrated platforms to greatly improve overall security posture. The extensive access to timely threat intelligence allows security teams to align prevention, investigation and response plans across multiple security controls, as well as increase the speed of their detection and remediation efforts.

Amid the widespread adoption of cloud-based hybrid work environments, it’s increasingly clear that organizational security architectures must consist of scalable, tightly integrated solutions that combine the right balance of automated prevention, detection and response capabilities to effectively protect data across its lifecycle.

Enhancing detection and increasing cybersecurity efficacy

An open API integration framework is the embodiment of unlocking strength in numbers. It stitches together the critical functions and processes performed by foundational security tools — email security, endpoint security, web security, NDR, data security — into a single meshed framework that operates in unison and shares centralized threat intelligence data across its ecosystem. By connecting all the pieces of the puzzle, organizations gain the resources to enhance their prevention and detection capabilities in complex environments.

In one scenario, an API framework could enable automated processes to continuously flow between an email gateway and security service edge (SSE) to corresponding SIEM/XDR systems. This would allow security teams to share rich logging, metadata, indicators of compromise, malicious URLs, user activity, data movement and machine learning analytics in real time. The AI-powered SIEM platform automates the analysis of that threat data, sifting through the noise to generate actionable alerts with contextual information for security teams. Meanwhile, the real-time contextual insights provide simplified guidance for analysts to alleviate potential threats and, if needed, formulate a swift response to an attack.

With access to a wider range of threat data touchpoints, cybersecurity teams can also create customized scripts within the overarching API library. This gives them “targeted capabilities” that more directly align with their specific needs and skillsets. For instance, the team could create a script that simultaneously analyzes email security logs from Vendor A, data protection logs from Vendor B, web security click logs from Vendor C, and spam filter logs from Vendor D, based on which intel is most relevant to their specific use case. Filtering the exceedingly high volumes of incoming alerts enhances the efficiency of the entire team, empowering analysts to identify needles in the haystack by prioritizing the right alerts at the right times for maximized protection.

Automating manual processes and workflows

Despite the growing number of innovative, best-in-class products available on the market today, it’s important to remember that a multi-vector social engineering attack is exceedingly difficult for hybrid security teams to combat regardless of the tools in their stack. Quick and agile responses are non-negotiable in these situations, but with resources stretched thin and employees working from multiple locations, executing swift corrective action free of human error is easier said than done. Even the most experienced and skilled security teams are susceptible to mistakes while trying to remediate an attack. Therefore, identifying how to automate well-defined processes wherever possible is imperative for tightening these response durations and ensuring security teams can remediate quickly and effectively.

With access to an open API library, organizations can integrate the capabilities of additional AI/ML security tools into their existing security architecture to automate the repetitive steps of protection, detection, response, mitigation and intelligence sharing. Whether it’s informing an endpoint security provider of an emerging alert, or securely moving data from one storage solution to another, API-driven automation can handle the routine, error-prone tasks cybersecurity teams perform every day. Streamlining these otherwise human-centric workflows allows overstretched analysts to instead focus on more critical threat assessments requiring extensive time and attention. That, on a macro level, strengthens the security posture of the greater organization.

There’s no magic bullet that will completely reverse cybersecurity’s labor challenges in the immediate future. But there are proactive steps organizations can take now to provide the critical support their security teams need today. For effectively navigating a complex threat landscape, there’s no better place to start than with the applied adoption of a deep API integration framework.

After all, cybersecurity is a team sport. Why defend alone when you can defend together? 

Joseph Tibbetts is senior director for tech alliances and API at Mimecast.

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It’s foie gras season in unicorn land • TechCrunch

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W

elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.

With most startups getting repriced behind closed doors, we love getting data that gives us a glimpse of what’s going on. This week, our new information comes from EquityZen, which shared insights on secondary stock sales. EquityZen also put up a few IPO predictions that gave us food for thought. Let’s explore. — Anna

A glimpse of repricing

How do you know when a unicorn has lost its billion-dollar valuation? Usually you only find out long after the fact, when — and if — the company raises a down round that makes it clear that its equity valuation is no longer in the unicorn realm.

The thing is, not many founders want to advertise that they have raised capital at a lower valuation than their previous round; in most cases, they just won’t disclose their new valuation.

As market observers, this leaves us with little data on a topic that our readers do care about: What kind of repricing they could expect. This is why we were grateful for Instacart, which made it public that it reduced its valuation through a 409A price change. This wasn’t good news, but it was a helpful data point for everyone involved. However, that was back in March.



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This Top-Rated PDF Solution Is 66% Off Now

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Opinions expressed by Entrepreneur contributors are their own.

Paper has made its way largely out of business, but that doesn’t mean you don’t still work with documents regularly. Instead, we’re just working with them differently: with the dreaded PDF. These static files can be great if you’re positive that a document is ready, but a serious nightmare when you have to make changes. When you’re working with a lot of PDFs, you need a quality digital solution.



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UPDF Pro is one of the top-rated PDF solutions on the market. Geeky Gadget writes, “UPDF is a potent PDF editor and PDF converter designed to stay up with advanced technologies. It ensures that whichever features you use are up to date. UPDF not only converts PDF to Word but can perform many advanced editing.” Fossbytes adds, “UPDF doesn’t have a boring interface like other PDF software. The design is stunning and eye-catching. On top of it, it is convenient to use. You wouldn’t be bothered with a complex design that is very time-consuming.”

These are just the tip of the iceberg of positive reviews for this all-in-one PDF solution for individuals and businesses. With it, you can edit any PDF document across Windows, Mac, iOS, and Android devices, adding or deleting text, editing fonts and color, and much more. The tool allows you to add, crop, rotate, replace, extract or delete images, watermark documents, and password-protect them for elevated confidentiality. You can also easily annotate PDFs, highlight, underline, or strike out text, add shapes and notes, and much more. Finally, it’s even easy to convert any PDF to Word, Excel, PowerPoint, and a ton of other file types in just a click.

Working with PDFs has never been easier than with a lifetime subscription to UPDF Pro. Grab it on sale for 66% off $149 at just $49.99, the best price you’ll find online.

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URGENT: CYBER SECURITY UPDATE