Risk: Moderate

Flipping guitars can be a risky side hustle for beginners starting from scratch, especially if they can't afford to lose money. There is a potential to lose money on initial guitar purchases, repairs, or upgrades if the market value does not increase as expected. Beginners might also invest a significant amount of time and energy into researching, buying, and selling guitars without guarantee of profit. While some beginners have successfully made profits, there are also cases of individuals spending money on guitars and not seeing any returns. Startup costs can vary, ranging from $200 to $1000 or more, and there is a possibility that these costs may not pay off if the guitars do not sell at a desirable price. Online discussions highlight experiences of failing or losing money due to misjudging market demand, overestimating resale value, or making poor investment choices.