I purchased two more items at the same Goodwill I have purchased many of the items in the inventory. The first item I bought was another puzzle of a painter for $3.78 and it is priced to double my money currently. The second item is Roblox characters that I paid $5.94 for and will hopefully double my money on. I still need to invest $17.04 to be fully invested. At this time my potential profit on the inventory is over $150, if all the items sell. If this would occur, I would have $285 from my initial amount.
I will have to buy some more items but am posting because the two items I bought are online already and there is a possibility one of them could sell before I get the remainder of the money invested. As I go along this situation will occur from time to time as I try to find good items to flip. With my inventory staying around 30 items I am trying to make sure I find the right items which allow me to double my money on a consistent basis at the minimum. If I continue to do this every time when I sell something I should be able to move into a little bit higher priced item on the next go around. This should set me up to scale the total inventory amount very quickly, like I am seeing so far since I started flipping the money in my change jar.
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 | ||
*Board Game | $3.78 | 1/4/23 | ||
*Music Equipment | $43.30 | 1/4/23 | ||
*Painter’s puzzle | $3.78 | 1/30/23 | ||
*Roblox characters | $5.94 | 1/30/23 | ||
Underinvested | $17.04 | |||
Total inventory amount | $135.24 |