I sold the coffee maker I purchased recently for $89.99 on March 12th. After all the shipping and fees I ended up making almost $40 on this flip. With this flip it puts me having made over $200 since I started flipping my change jar coins at the end of June of last year.
I’m pretty amazed I was able to make this amount of profit this quickly. I thought I might be able to make double my initial amount in a year and have turned the amount I had into over $100 in inventory with me buying the items I did initially to get all invested. The first sales I had really helped to grow the amount and the first big profit off of the coffee grinder has made this easier to make more moving forward and some good luck along the way is definitely working together.
I have not been able to get all the profit reinvested back into items at this point. I purchased a metal cupcake tray, a butter tray, and another receiver. Just like the coffee grinder, I got a bid the first day the cupcake tray went live online. I ended up selling it on March 17th for $21.24 and made $5.60 of profit from it. I paid $10.27 for it and made over 50% in just eight days. The speed at which items are selling has been something I haven’t expected. I thought I would be selling around one item a month but I am getting close to one item a week. In the month of March I’ve sold five items already.
I ended up also selling two other items since my last update. I sold the book one, two, three infinity and the snowglobe. I ended up only making $.02 on the book, because I had the amount of fees off as a percentage I was required to pay on a book. My previous experience of flipping books has taught me books are a way you can go, but the market is much tougher for these now than when I was selling them. I won’t likely sell any more books, because the margins are going to be too low and I need to invest too much now.
I sold the snowglobe for $28.00 plus shipping. Once everything was all calculated I ended up making $18.17 of profit on this. The snowglobe ends up being a very good flip with me having bought it for $3.45. I made 5.26 times my initial money in profit in just over four months. Rough math for annual return would be 5.26 times 3 for 15 times the amount invested which would be over $50. This shows again how starting with a small amount can turn into something much bigger.
I need to reinvest $136.22 to have all the profit I’ve made in inventory to flip. This would put me at $260.89 of inventory. My current profit is at $224.51 and I am going to try to see if I can do some very quick flips through craigslist to push the total amount to $500 as fast as possible. I don’t know how this will go, but I’m interested to see what will happen. The first receiver I sold on craigslist showed me there is a lot of possibilites in quick flips on it.
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 | 3/7/23 | $.02 |
| *Satellite Puzzle | $2.37 | 11/28/22 | ||
| *Snowglobe | $3.45 | 11/30/22 | 3/17/23 | $18.17 |
| *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 | 3/12/23 | $39.85 |
| *Teapot | $5.94 | 3/3/23 | ||
| *Butter tray | $10.27 | 3/8/23 | ||
| *Cupcake tray | $10.27 | 3/9/23 | 3/17/23 | $5.60 |
| *Yamaha Receiver | $14.71 | 3/13/23 | ||
| Underinvested | $136.33 | |||
| Total inventory amount | $260.89 |