More items added to inventory


I went to an estate sale over a month ago and picked up some items. I have planned on selling them, and listed them to add to the inventory to flip. The amount of the purchases total was $14.63 and adds five more items onto my inventory. As I’ve thought about it more I am going to show this as an overinvested amount moving forward as the profit cycles through I will continue to keep a running total until the profit has paid for the inventory. I thought about putting an amount into buying items each week which would make the inventory grow much faster than what I am going to do, because it would be a small investment on top of the initial amount. If this was done then the investment amount would be larger than the profit amount for a while, possibly a year. In this changejarflip adventure though I want it to be a smaller amount which eventually takes me to a large inventory amount which will throw off a decent profit on a monthly and yearly basis.

The five items I picked up range in cost from $2.17 to $4.33. These are all good quality items and right in the same price zone of the majority of everything which has been purchased before.

Japanese Stein

If one of the items sell I have it could get close to taking the overinvested amount I have and putting the inventory to being fully paid for itself. It could also take 3 to 5 sales to make this happen depending on which items sale. Either way I am closer to the number of 30 items to be close to selling 1 item a month, which will get the flow happening well for the inventory. I am currently at 25 items in the inventory. The probability of a sale a month is right around where I need to be to sale one item a month.

Current Inventory

ItemCostDate PurchasedSoldProfit
Ireland Puzzle$3.456/27/22
NFL Puzzle$2.376/27/22
Globe Puzzle$.606/29/22
Animal puzzle #1$1.186/29/22
Animal puzzle #2$1.186/29/22
Music Album puzzle$1.186/29/22
Iowa Puzzle$1.186/29/22
3 Hole Punch$1.186/29/22
Silver Plated Vase$4.647/20/22
Serving Dish and Bowl$9.297/20/22
*Antique building Puzzle- $4.647/25/22
*Star Wars Puzzle$2.377/25/22
*2 Hot Wheels$2.108/3/22
Star Wars Puzzle$1.188/31/22
Animal Puzzle$1.188/31/22
Animal Puzzle$1.188/31/22
*2 Coca Cola Puzzles$6.919/13/22
*Christmas Coffee Cup$1.189/13/22
Stapler and Stapler remover$.549/26/22
Floral Plate$2.719/26/22
Old Spice Cologne bottle$3.259/26/22
Wood block set- kid’s toy$2.179/26/22
Japanese Stein 1$3.259/26/22
Japanese Stein 2$4.339/26/22
*One, two, three infinity$1.0710/19/22
Overinvested $17.92
Total inventory amount$63.22
*Indicates purchased from Profit

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