Startup cost: $50 - $1k

Handbag flipping is a side hustle that can be started with minimal upfront costs. For a low-end estimate, costs range from $50 to $200. This would cover basic expenses like purchasing a few pre-loved handbags, cleaning supplies, and possibly a small budget for online listings. On the high end, one could expect to invest $500 to $1,000. This higher budget would allow for acquiring a variety of high-quality handbags, investing in professional cleaning services, creating a website or social media presence for marketing, and possibly running targeted ads. Essential expenses include inventory purchases and cleaning supplies. Optional expenses might include website development and paid advertising. Hidden fees could arise from shipping costs, listing fees on platforms, or transaction fees. While the initial costs can seem low, they may increase as one commits to the business and scales up. For a serious commitment, advising a friend to budget between $300 to $600 would be reasonable.