2nd Hand Flip

Why get into the business of reselling? According to National Association of Retail Trades, (NARTS) (https://www. narts. org,) a consumer research firm, an average of 15 percent of Americans shop at resale stores in a given year. The industry has experienced an average growth of seven percent a year for the past two years, and, according to IBISWorld, reselling is expected to increase at an annualized rate of nearly three percent until the year 2021.
The number is higher if you add in Flea Markets or sales through online thrift stores. For consignment/resale shops, it is higher, hitting in the area of 12 - 15%. To keep these figures in perspective, consider that during the same time frame; 11 percent of shoppers shopped at outlet malls, less than 20 percent in apparel stores, and just over 21 percent at major department stores.
While many major businesses close their doors every day, resale stores, including the small Mom and Pop booths in Resale malls, remain healthy and continue to be one of the fastest growing segments of the retail market.