I have bought four items since my last post, buy have not fully reinvested the amount I have available. I purchased two higher cost items, a receiver and a coffee maker. I also purchased a DVD, which I did not expect to buy because the resell probability looked high on it in a short time frame. The last item I purchased was a teapot.
The coffee maker looked like another big potential winner for me and was priced at $13.59 but was 50% off on the day I found it. It was $7.36 with tax after the discount. I saw two of the same models which have sold for $100 and $150. I listed it for $89.99 to try and get a quick sell. By the end of the day on which I bought it there was already a bid on it for $89.99. As long as it gets paid for and if there are no more bids I will make over $40 in profit, off of this coffee maker flip. I continue to have good luck in finding items which I’m making big returns on very quickly.
The two items are all set for me to double my money on based on the prices I bought them at. I am starting to look at ways of seeking some of these items through different methods. The DVD costs $2.15 and the teapot costs me $5.94.
Sony Receiver
I am going to try and move the receiver I bought on through Craigslist. I’ve not sold much stuff through it, but it is worth a try to see how it goes. I paid $27.70 for it and would prefer not to have to ship it because of the weight. The good thing about flipping is there are always many different places to sell the things you find.
I ended up selling the receiver on 3/6/23 through Craigslist for $40. This was a quick flip in under a week from buying it. I made $12.30 in a week off of this, and made 44% on it in a week. With a turnover rate of 52 times in a year this would be another situation where I could not reinvest the new amount enough to continue this over and over. I might be able to to reinvest around the $27 mark 52 times in a year though and make 40% each time. This could still be a phenomenal annual return anyway. Running the math on this I could do 40% times 52 times $27 to start with would be $576 of profit. Again, the power of small amounts turning into something that could matter to someone.
At this point I’ve made $160.88 of profit since I started my changejarflip on June 29th. I did not think I would be able to get to this much profit this quickly, but that is why I wanted to try this to turn it into something substantial. I need to reinvest $85.81 to be fully invested again. If the coffee maker sells, I will need to invest over $125, and will have 32 items in my inventory. I am going to have to move into higher priced items to keep the profit amount fully invested. I’ll update again when I have another sale.
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 | ||
| *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 | ||
| *DVD | $2.15 | 3/1/23 | ||
| *Coffee Maker | $7.35 | 3/3/23 | ||
| *Teapot | $5.94 | 3/3/23 | ||
| *Sony Receiver | $27.70 | 2/28/23 | 3/6/23 | $12.30 |
| Underinvested | $85.81 | |||
| Total inventory amount | $197.26 |