I sold something again. I bundled two of the puzzles together, the Autumn Puzzle and the Bridge Puzzle. I thought this would make me a profit and let me increase the number of items I had overall. However, I made a mistake in the amount of shipping I would need when I put both of these together. Overall, by selling both of these items together I ended up losing $.79 when all the costs were accounted for. This is slightly disappointing, but I learned I needed to increase the amount of shipping on the puzzles by a $1 more to make sure I would profit when items are sold. I will lose money very rarely when I sell something. The reason for this is because I will price it at a level where I believe I will make a profit and not accept less than this. The good side is I learned I needed to increase the shipping on my other puzzles so this won’t happen again.
Bought another item
I have purchased a book, “One, Two, Three … Infinity” by George Gamov, for $1.07 to replace part of the $1.57 left from the sale of the puzzles. I have sold many, many books over the years and if I can get them at this cost level I should be able to ramp up to the number of items needed to around 30 to get consistent sales moving forward. Books were the main item I sold for years and years when I was flipping online. I felt minimal risk was involved, low level of capital invested, and a small amount of space needed to make consistent money with books. I will lean into books for a while to get built up to the 30 items a month. As well, there is a lot more sales data on books available in the various marketplaces out there, specifically Amazon. If I look at Amazon I can tell the book I bought has a sales rank of around 50,000. There are at least 10,000,000 sales rankings for books based on what I can see. This means this book ranks in the top .5%. Based on my previous knowledge of this ranking then approximately 100+ of this title can sell a month. I believe this will give me a good chance of selling this book online this month. I’ve got to price it accordingly and have patience. However, I will not sell it on Amazon. I will sell it on Ebay, because the cost structure on Ebay is more beneficial at this point with the amount of items I have online to do. The margins will not be as great in the book space but I know the consistency of it can ramp up very quickly. With the sales data available it is much less of a risk at this point to build up in this way. This puts me at $48.60 invested at this time.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| Autumn Puzzle- bundled | $1.18 | 6/13/22 | 10/16/22 | -$.39 |
| Bridge Puzzle – bundled | $1.18 | 6/13/22 | 10/16/22 | -$.40 |
| 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 | ||
| 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 | ||
| *2 Hot Wheels | $2.10 | 8/3/22 | ||
| Star Wars Puzzle | $1.18 | 8/31/22 | ||
| Animal Puzzle | $1.18 | 8/31/22 | ||
| Animal Puzzle | $1.18 | 8/31/22 | ||
| *2 Coca Cola Puzzles | $6.91 | 9/13/22 | ||
| *Christmas Coffee Cup | $1.18 | 9/13/22 | ||
| Stapler and Stapler remover | $.54 | 9/26/22 | ||
| *One, two, three infinity | $1.07 | 10/19/22 | ||
| Overinvested | $3.31 | |||
| Total inventory amount | $48.60 |