Used bike flipper selling online and locally

Students, commuters, families buying kids' bikes and casual riders who want a decent bike without paying new prices.

You sell each bike for more than you paid plus parts and your time. Kids' bikes and reliable commuter bikes tend to move quickly.

• Basic bike mechanics
• Spotting good deals and judging condition
• Photographing and describing items honestly

• Stolen bikes: ask sellers about ownership, keep records and check local rules on second-hand dealers
• Check whether your state requires a seller's permit or sales tax registration for resale
• Check your city or county rules and any HOA or lease limits on running a business from your garage
• Safety: only sell bikes with working brakes and sound frames, and consider insurance for your stock and any liability

Startup costs are typically around $300 to $1,500, depending on how many bikes you buy and the tools you need. These are estimates, so set a budget for stock, parts and any insurance before you begin.

Monthly revenue is typically estimated at around $300 to $1,800, depending on how many bikes you sell and your prices. The estimate starts at about 6 hours a week. Revenue is not profit, so subtract your costs.

Check local rules on second-hand dealers, keep records and ask sellers about ownership to avoid stolen bikes. Also check whether your state requires a seller's permit or sales tax registration, plus city, county, HOA or lease limits on working from your garage.