On June 13, 2022 I went to a Goodwill again with the same thing in mind as my previous plan. I was going to buy some more items around $2 to be able to get as many items as possible with the initial amount of $36.38 I had.
What was bought this time
This time I purchased two more puzzles to add on the the inventory . One is manufactured by White Puzzles and is of Autumn. The other is by White also and is a bridge. These items are all used and in good quality when I buy them. If I buy items in poor quality I will not be able to resell them. People in the secondary market are looking for good quality products just like those people who are buying new items. Most people buying in the secondary market are looking for a better use of their money, but to still get value out of what they have. The puzzles cost me $1.18 each with tax. This was the same amount I paid for the first one.
Why did I buy more puzzles
I do not remember flipping puzzles before in my history but there are few reasons why I bought more of them. First, the price point to be able to build up to a decent inventory amount at $1.18 per item was appealing to me at this point in the initial purchases phase. Second, puzzles are realitivly light. In my experience of having flipped a lot of items you can make a mistake when you buy something that looks good on a sales level, but if it is very heavy you will possibly end up losing money shipping it. Third, if something like puzzles do not move after a while I can package them together to move them all at once and get my money in the inventory to turnover.
Current Inventory and Cash Equivalent Balance
Item | Cost | Date Purchased |
Disney Puzzle | $1.18 | 6/6/2022 |
Autumn Puzzle | $1.18 | 6/13/2022 |
Bridge Puzzle | $1.18 | 6/13/2022 |
Cash | $32.84 | |