I had my fourth sale since I started buying items with money from my change jar on 6/27. I sold the Silver Plated Vase for $12 plus shipping. It cost me $4.33 to buy this item and after all the shipping and fees were paid I was able to make $6.62 profit on this item. This was one of the items I hoped would sell because it would allow me to pay for a bulk of the items I decided to add to the inventory from the estate sale I went to. With the cost and profit added together, $10.95, I was able to take the overinvested amount of $17.92 down to $6.66.
This sale did what my expectation is again when I purchased an item to sell, it made 100% of the amount which was put into the item. The last sale I lost a small amount of money on and learned something new. This was a good lesson to learn and having learned that I updated the amount of the shipping on this item like I did on other items to ensure I was properly covered to not lose on this portion when I sell.
To walk through the return percentage again of an item so there is an understanding how a small amount can change into a large amount. It took the item 114 days to sell, and there are 365 days in a year. This would lead to 3.2 sales in a year if the sale occurred on the same time frame for a year. If I were to buy the same item for $4.33 each time and make $6.62 each time and sell 3.2 in 365 days my total return would be $21.18 in profit. This would be an annual return of 489%. Again the possible returns like this show how it is possible to turn a small amount of money into a larger amount with patience and the ability to think about what you are buying.
Thinking through what you are buying while comparing it to other items out there which have sold or are selling allows you to get a reasonable idea where you would need to price the item. This lets you know if you can make a profit on the item or not. You wouldn’t want to buy something you can’t make a reasonable profit on.
At this point with having added the items from the estate sale I’m at 23 items for sale and overinvested. I’ll not be adding another item until I make another sale. I want to get the overinvested amount a little lower so I am not skewing my return from what I started with. Having added the estate items I’ve got myself in a good spot to possibly sell an item a month.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| 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 | 11/11/22 | $6.62 |
| 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 | ||
| Floral Plate | $2.71 | 9/26/22 | ||
| Old Spice Cologne bottle | $3.25 | 9/26/22 | ||
| Wood block set- kid’s toy | $2.17 | 9/26/22 | ||
| Japanese Stein 1 | $3.25 | 9/26/22 | ||
| Japanese Stein 2 | $4.33 | 9/26/22 | ||
| *One, two, three infinity | $1.07 | 10/19/22 | ||
| Overinvested | $6.66 | |||
| Total inventory amount | $58.57 |