I sold two items, the Music Album Puzzle and the Gun Holder on the same day. The music album puzzle was a Pink Floyd puzzle, and the gun holder was a leather holder to help a hunter to hold a rifle while they walked around. Both of these items end up being good winners for me again.
The puzzle ended up selling for $9 and made me $8.38 of profit after I purchased shipping for it. I had increased the amount I was charging for puzzles on shipping after I lost money previously, because I was not charging enough to cover the shipping. This allowed me make a little bit more profit, because I more than covered the amount of shipping and packaging on the puzzle.
I ended up making 7.1 times the amount of money I paid for this puzzle. This shows how much opportunity there is to make very high returns on very small amounts which can build into a more substantial amount of money if you keep the long term in mind.
The gun holder ended selling for $20.49 and I made $14.27 profit after shipping was paid on the item. This is the same situation where the shipping was less than I had to charge for the item. I ended up selling this item for less than other sellers by about $1, and it moved like I hoped it would very quickly. I sold it in less than one month of buying it. The annual return on an item when you sell it in less than one month gets very high, like I’ve written about in many other posts. Look back at an older post where I’ve sold an item to understand the annual return on what I am doing.
I need to reinvest $26.76 to be fully invested again and will update once I have purchased the additional items needed. I am having a good run at selling items that have had a larger amount of profit compared to the amount I’ve put into them. I am not sure where the rest of the year will take me, but the growth of my initial amount to over $135 is a nice win so far, and is over 3.7 times what I started with.
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 | 1/27/22 | $8.38 |
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 | ||
*Snowglobe | $3.45 | 11/30/22 | ||
*Tealight | $2.37 | 11/30/22 | ||
*Gun Holder | $8.11 | 12/29/22 | 1/27/23 | $14.27 |
*Board Game | $3.78 | 1/4/23 | ||
*Music Equipment | $43.30 | 1/4/23 | ||
Underinvested | $26.76 | |||
Total inventory amount | $135.24 |