On June 29 another trip to Goodwill allowed me to purchase seven items for the initial purchases of the change jar flip inventory. I purchased five puzzles, a 3 Hole punch, and a biscuit form. My thoughts on puzzles continues the same as before. I believe these will be a reasonable item to flip for the three reasons I wrote about on the June 13th post. Two of the puzzles are by Ceaco and cost $1.18 each. Another puzzle is fifty percent off of the $1.18, and only cost me $.60. It was a puzzle of the globe. The fourth puzzle is of a music album cover and cost $1.18. The fifth puzzle is of Iowa and also cost $1.18.
The three hole punch was $1.18. I believe I have made a mistake on the purchase of the three hole punch right after buying it. I looked more at pricing of it and realized with shipping I will likely not be able to compete against others selling them new. I will list in at a price level where I will not lose money. If I cannot sell it after a while I will try to find something else I can pair with it and sell it as a set of office supplies. I will need to keep an eye out for something to pair it with once other items have sold which will allow me to not lose out on what I’ve spent. This could be a bad decision, because I would be trying to cover a potential losing item buying investing more into it. This will require more thought from me as this flip adventure continues on.
The last item I bought was a biscuit form. I spent $7.03 on this item. These were selling for money than $20 online and I feel this will be the first larger item purchase which could get close to doubling the amount of money easily on a larger item. Once looking more online I do have some flipper’s remorse on this. I could have bought six more items which would allow for a higher turn over on them and have put me at an equivalent level of profit with less risk. I think this item will sell at a certain point though and free up the initial amount put into it. Almost 20% of the change jar initial flip amount in this one item is part of the way flipping goes early on a lot of times.
Total inventory sell through expectations at this point
At this point I have 11 items. This means I could expect a first sale at some time in the realistic future. I’m guessing with eleven items online I should average selling an item every 30 to 60 days. To get to a high level of expectation of selling something every month I believe I need at least 30 items based on my previous history of flipping. Sell through rates in my experience with inventories have been around 3% of inventory a month, if the inventory is in good condition and properly listed.
Current Inventory and Cash Equivalents
| Item | Cost | Date Purchased |
| Disney Puzzle | $1.18 | 6/6/22 |
| Autumn Puzzle | $1.18 | 6/13/22 |
| Bridge Puzzle | $1.18 | 6/13/22 |
| Ireland Puzzle | $3.45 | 6/27/22 |
| NFL Puzzle | $2.37 | 6/27/22 |
| Globe Puzzle | $.60 | 6/29/22 |
| Animal puzzle #1 | $1.18 | 6/29/22 |
| Animal puzzle #2 | $1.18 | 6/29/22 |
| Music Album puzzle | $1.18 | 6/29/22 |
| Iowa Puzzle | $1.18 | 6/29/22 |
| 3 Hole Punch | $1.18 | 6/29/22 |
| Biscuit | $7.03 | 6/29/22 |
| Cash | $13.49 | Needs to be invested |