June 27, 2022 – More initial purchases


On June 27, I went to a Goodwill again and made two more purchases. These fall into the same category I had purchased in before of puzzles. I found two more puzzles I thought would make a good flip based on comparing prices. These were more expensive than the other three puzzles I had purchased before. This could be a mistake early on at this attempt of flipping the change jar money, because I do not have experience in flipping any puzzles before. However, when you are flipping you have to experiment in buying different types of items to see if you can understand the margins you can get on them. If you don’t experiment by buying other types of items you will not find the right type of thing you like or want to flip. If theses prove to be a mistake I will end up grouping them together after time passes to get the intitial value out of them. If it is not a mistake I will continue to buy puzzles and focus on building up the inventory of these. Another good part about puzzles is they do not take up much room to store while you wait for them to sale. They are in a rack with space which was not being used. The first puzzle cost $3.45 and is a NFL puzzle. The second was a puzzle of Ireland and cost $2.37. The Ireland puzzle is still in its original wrapping and can be sold as new. This is a bonus to find something in new condition at Goodwill. I hope to be able to make over $5 profit on this item with it being in new condition. Being able to sell something as new is the reason I purchased this. At this point I’m at five puzzles overall and they seem to be easy to find.

New Ireland Puzzle in original wrapping

Current Inventory and Cash Equivalents

ItemCostDate Purchased
Disney Puzzle$1.186/6/22
Autumn Puzzle$1.186/13/22
Bridge Puzzle$1.186/13/22
Ireland Puzzle$3.456/27/22
NFL Puzzle$2.376/27/22
Cash$27.02To buy more initial inventory

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