Today I sold the most profitable item to date, the Coffee Grinder. This is a huge profit maker for me in this adventure to flip a small amount of money into something larger. This sale puts me above $112 in just under six months of taking my initial amount of $36.38 and allowing me to triple the amount I had to start.
The Coffee Grinder Numbers Breakdown
I was able to buy the coffee grinder for $5.94 on November 30. The grinder was brand new in its original box along with all the wrapping and the instructions. This item was extremely underpriced when I saw it and I hoped it was a used version. When I saw it was brand new I immediately put it in the basket to buy. With something new like this I knew if I priced it competitively it would move in a very short period of time. It sold in just three weeks since I put it online. Compared to the other same coffee grinders which I found online for sale in the same condition I priced it $10 under the others. I offered a good value to someone looking for this type of item. With all of those conditions in place, if there was a decent demand for the item, I knew I would not be waiting very long to sell it. Once all the fees and costs to ship were accounted for, I was able to make a profit of $45.36. Boom, that is a huge winner. I made more on that one item than I had in my entire change jar at the beginning. I made 7.63 times the amount I bought the coffee grinder for. If this was an annual return it would be eye-popping on its own. The annual return on this item is 365/22= 16.59 turnover in a year times 7.63 leads to an annual return of 126.58. That is 126 times the $5.94, not 126%. This means if I could do this every 22 days each time, I would have $751.89 at the end. I won’t find such good deals like this often, but when I do it will propel my overall amount to invest up very quickly.
Expectation of Inventory Profit Potential Moving Forward
With over $112 in potential inventory with the sale of the coffee grinder I would expect to be able to make at least $33 a year moving forward if I did not reinvest any of the money from future profit in more items or higher priced items. I would just maintain an inventory at this level and take my $33 or so on a yearly basis out to spend or invest into something else as I see fit. This comes down to in six months I have set myself up to be able to make almost the amount of money I had in the change jar a year in profit. This would require very little effort on my part, because I would likely sell around one item a month to make this amount of money. I would need to ship one item and get one new item a month. I could accomplish this in probably less than 15 to 30 minutes a month. $33 a year is not a point I would stop at though, because I have the same thought as when I started that $36.38 was not going to do much for me. For someone else this could be a level they would want to stop at. The hourly rate of this is also very small when you look at 3 to 6 hours a year to do this. I’ll keep reinvesting the balances I have and update when I’ve got the new inventory bought. I am going to do something thinking about what I buy next since I am over $100 and have 25 items and over $50 to reinvest.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| Ireland Puzzle | $3.45 | 6/27/22 | ||
| NFL Puzzle | $2.37 | 6/27/22 | ||
| 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 | ||
| Serving Dish and Bowl | $9.29 | 7/20/22 | ||
| *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 | ||
| *Satellite Puzzle | $2.37 | 11/28/22 | ||
| *Coffee Grinder | $5.94 | 11/30/22 | 12/21/22 | $45.36 |
| *Snowglobe | $3.45 | 11/30/22 | ||
| *Tealight | $2.37 | 11/30/22 | ||
| Underinvested | $50.01 | |||
| Total inventory amount | $62.58 |