I bought a vase on February 21st for $8.11 and am doing more research to find out if it could be a more valuable piece. I will need to take it to someone that has more expertise than me, but based on what I found online it looks promising it could be a real. If it is not, I think I can still double my money on what I paid for it.
I also made a sale on February 24th of the higher price item I bought a little over a month ago with the profit from the coffee grinder. I ended up making $13.79 in profit off of the piece of music equipment after I paid $43.30 for it. I made close to 32% on this flip in under two months. This is a good amount of profit to add into what I made off the coffee grinder previously in addition to the other items I got from the profit of it.
I’m going to look for an item that I can put all the money from the piece of equipment music into that I can hopefully double up on. If I can do this, it would get into a nice hourly rate of over $50. At this level flipping becomes a very interesting endeavor, if the are multiple items in this range in my inventory.
I am on a really good run of selling inventory much quicker than I have from my historical averages over the past. I’m not sure why this is, but I’m going to take a guess as to why. At the level I’ve bought most of my items which have sold I’ve been able to know I would be the lowest price compared to other sellers. This is the best advantage to have in my experience. People are more cost conscious than anything you can try to differentiate at the price point I’m currently selling at. I’ve also been lucky in finding items which have had high demand to help move them quickly.
The last factor is some luck. I can understand a lot about flipping, but sometimes you need to be able to find some high-priced items when you show up to look for things. A little luck thrown in the mix makes the knowledge of what I’m doing easier to have some outsized returns quicker than I’ve expected.
I’ve got almost $90 to reinvest right now, which is a large amount compared to what I started off with. One and two dollar puzzles as my go to are looking like they could be moving into the past as the main item to build up anymore for me. I need to think about what the next item price point I need to be at. I want to stay around 30 items in my inventory and I am at $184 of potential inventory value overall. With the larger item having sold again and knowing I’m going to try and reinvest all of it into one item that may be the strategy I try to do moving forward with each sell. This could put me into a weird position though if I’m looking to exactly invest a very specific amount into the next item each time. I’ll think about what I’m going to do more and update once I’ve bought some items. I may try to bulk a bunch of the items I bought at lower cost and try to sell them all at once to keep myself around thirty items and take the additional profit I have into higher priced inventory. I am really not sure right now, but here is to some more good luck moving forward.
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 | ||
| 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 | 2/24/23 | $13.79 |
| *Painter’s puzzle | $3.78 | 1/30/23 | ||
| *Roblox characters | $5.94 | 1/30/23 | ||
| *New Hard Drive | $5.94 | 2/9/23 | ||
| *Logitech Ergonomic Mouse 1 | $10.27 | 2/9/23 | ||
| *Antique? vase | $8.11 | 2/21/23 | ||
| Underinvested | $88.95 | |||
| Total inventory amount | $184.96 |