oc2much@yahoo.com1. Overview
Thrift-flipping involves buying used clothes, shoes, or accessories cheaply and reselling them at a profit. With Nigeria’s love for fashion and social media resale, this business can be highly profitable.
2. Market Opportunity
- Target customers: Students, young professionals, social media users.
- Trend: Fashion-conscious Nigerians seek affordable stylish items.
- Competition: Moderate, but unique sourcing gives edge.
3. Startup Cost Breakdown (₦)
| Item | Cost (₦) | Notes |
|---|---|---|
| Initial thrift inventory | 20,000 | Clothes, shoes, accessories |
| Basic cleaning supplies | 5,000 | Detergents, iron, brushes |
| Storage & display | 10,000 | Racks, tables |
| Marketing | 5,000 | Social media ads, influencer collabs |
| Total Startup Cost | ₦40,000 |
4. How to Earn ₦150k Monthly
- Flip 100 items/month, average profit: ₦1,500/item
- Monthly net profit: 100 × ₦1,500 = ₦150,000
- Marketing: Instagram, TikTok, WhatsApp, local markets.
5. Profit Projection
- Startup recovery: 1st month
- Monthly net profit: ₦150,000
- ROI: ~375% first month.
6. Challenges & Tips
- Challenge: Sourcing quality items → Explore local markets and donations.
- Tip: Focus on trending items and brand for online visibility.
7. Feasibility Verdict
High – Low cost, high demand, easy to scale.
