Good news to report for this date is I have made my first sale in change jar flip. I sold the Disney Puzzle on July 31st. It is exciting to have the first sale happen, because it reaffirms my experiment to see how much a change jar can be turned into is a realistic thing to do with a small amount of money. Even better news in this situation with the sale was instead of doubling the amount I hoped to make on the $1.18 invested in the puzzle I made $7.08 of profit. This is a 600% profit on that initial amount which will let us buy more than one more additional item to add to the inventory and get me closer to the 30 items so I can get on average of one sale a month. The $1.18 turned into $8.26 and has grown the total amount can potentially invest to $43.46. My return of $7.08 on my $36.38 in about two months shows that with small amounts you can make enormous return percentages and I believe this will be proved over and over again as this continues on in the future.
Annual Return Thoughts When Flipping Small Amounts
Annual return on your investment is a strange concept to think about with a small amount of money invested, but I will talk about it time to time as this progresses. Here is the understanding of what occured with just the Disney puzzle selling. If this money was never reinvested than when it was 6/6/2023 the annual return would be 19.46% on the $36.38. If you could maintain buy and sell one item a year and get 19.46% on the total moving forward after 30 years you would grow the $36.38 to $7,542. There is great power in compounding amounts over and over again. This is the path most people are able to take to build up their nest eggs over time through standard investment medium like 401(k)s and Individual Retirement Accounts and investing in them on a regular basis.
What the First Sale Lead to- July 25, 2022
I used Ebay to sell the first puzzle and got a bid on it early in the week and knew it was going to sale. On Ebay I assume the buyer was going to pay based on the bid, because they had a good feedback. Knowing the sale was going to happen I decided to go an try to find items to add onto the amount of the potential profit. I went to Goodwill again and bought two more puzzles. The first is of a historical building and cost me $4.64. This one could end up being a doubling of the cost based on what I found, but I feel confident I can double my invested amount on this flip. The second one was a Star Wars branded puzzle and I paid $2.37 for this one. I likely will make a little less than this one when it sells, but in the past I’ve had good experience with Star Wars items moving fairly quickly. If it doesn’t move I’ll buy another Star Wars item and package them together to get them out the door and flipped.
Current Inventory and Cash Equivalent
| Item | Cost | Date Purchased | Sold | Profit |
| Disney Puzzle | $1.18 | 6/6/22 | 7/31/22 | $7.08 |
| 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 | ||
| Silver Plated Vase | $4.64 | 7/20/22 | ||
| Serving Dish and Bowl | $9.29 | 7/20/22 | ||
| *Antique building Puzzle- | $4.64 | 7/25/22 | ||
| *Star Wars Puzzle | $2.37 | 7/25/22 | ||
| Cash | $1.25 | Needs to be reinvested |