Buy a Bag and Make Money

Flipping it. A phenomenon that has been widely popular for the past couple of years. It comes down to buying items for a certain price and reselling them for a higher price. When it comes to pre-loved luxury items, these quality and unique designs can result in lucrative businesses. Below, you find information on how to go about flipping the right way and the benefits available for you if you consider partnering up with Labellov.

What are the financial benefits of flipping luxury goods on- or offline?

By actively searching for sought after vintage high-end pieces for a good price and selling them for the best price possible you could build a steady income.

Where can I find vintage luxury articles to flip?

Top vintage pieces can be found in your personal closet, thrift stores or yard sales. It is a matter of going on a hunting trip at the right time more so than finding the right place.

What are the costs, whether in time or money of flipping pre-loved luxury goods?

The most important costs relate to following aspects:

● looking for new pieces: it takes patience and a good eye to hunt down quality pieces. It is advisable to get information on which pieces are the most desirable in a particular season and what the forecast on their resale value looks like. Be attentive to fraudulent brands and authenticate your goods thoroughly.

Labellov offers a wide range of luxury brands that are highly sought after such as Hermès, Gucci, Chanel, Louis Vuitton and Dior. Our team of experts carefully authenticate and value every incoming article. We guarantee that our goods are all authentic and set at a fair price.

● refurbishment: an important aspect of buying vintage luxury goods is that you will run into a risk of having to refurbish the goods before you can sell them.

● selling: the most important things of selling are related to the platform (e.g., listing fees, fees regarding a market stall), presentation of pictures and the product description, make sure to be as accurate as possible. These things are time consuming but particularly important.

Labellov offers an all-in service where every article is professionally photographed and described in detail. This saves you time because you do not have to worry about the placement of your goods and can be confident that they will be promoted in the best way possible.

● packaging and shipping: an efficient way of packaging and shipping goods is mostly up to you. However, depending on the distribution channel of your platform it could differ. Keep in mind the additional costs (custom packaging, taxes) when packaging or shipping your goods in or outside the country.

Labellov has multiple delivery options that vary depending on the speed of delivery and where you leave. Whatever choice you make, Labellov ensures a safe delivery of every article.

What are the best luxury goods to resell for 2022?

The Luxury Resale Report 2022 offers insight into luxury brands that have the highest resale value. The top five luxury brands to invest in are Gucci, Louis Vuitton, Chanel,Prada, and Dior.

How do I set my price fairly?

In an ideal situation every sale results in a profit. Whether big or small, it is important to have an overview of all your costs and add a profit margin to it. This sums up your selling price. Either way, it could be helpful to compare the price of your products on other reselling platforms with similar goods. You do not want to price yourself out of the market.

In conclusion, reselling luxury goods is a straightforward way to make some extra money. Labellov serves as a platform, both online and offline to guide individuals to sell their luxury pieces at a competitive price. We offer a full service of verifying, pricing,and promoting each article with expertise and care. Visit our stores in Antwerp, Brussels or Knokke.