July 2023 – Change jar flip

Not much had happened this month in my flipping journey, and then on the 28th I sold an item and two more today. I took some time off and hadn't sold anything for the month. This was fine by me and knew it would all even out over time. I had picked up an used skateboard for $8.11 on July 26th. I am going to try something different with the skateboard and show someone who has interest in this how to do some flips. He is younger and I will walk through what I'm doing with him to try and help him make some extra money. Learning what I have over the years is always nice to try and help someone understand this to be able to ramp up a side income. When I sold the first item on the 28th I went out and got a duvet cover set by William Morris that was on clearance for $42.22. I am very aggressively priced on this item, by being $10 under the closest competitor. With me buying it off the discount rake I feel a quick flip on this one will work out well for me. I should make over $20 on this flip, and it took me 5 minutes in the store to find it. This is a good win for me and I know this type of flip will work to continue to ramp up into a consistent profit amount at least over $10 an item. I sold the Nike Lebron XII Shoe for $52.50 on the 28th and made $19.11 in profit after shipping it out. This is a 70% profit on the shoe in just over two months. Good flip overall, and I learned having the box for shoes is probably very important in reselling them. I am not getting many views on the other shoes I've bought at this point and they don't have boxes. This is why I experiment with different items to keep this interesting for me and learn more. Today I sold the tealight and the candle holder to the same buyer. I paid $2.37 for the tealight and sold it for $9.00 and made $8.00 of profit on it. I paid $3.78 for the candle holder and sold it for $10 and made $7.16 of profit on it. I was able to make a higher amount of profit on these two items, because I shipped them together. I refunded five dollars of the shipping to the buyer and still did well on both of these. I'll look to get one item with the amount I made and had into these items moving forward. Traumlicht candle holder sold on 7/31/23 I have 34 items in my inventory and need to reinvest $38.82 to be fully invested. I'm going to try and find one item to buy with this amount and make at least $20 on it. My plan is to get to this level overall as my inventory grows to $1000. I am very close to being at $500 in my change flip jar journey. I keep proving to myself over and over again this is something which is easy to do if you think about what you are buying and remain patient. Current Inventory ItemCostDate PurchasedSoldProfitNFL Puzzle$3.456/27/223 Hole Punch$1.186/29/22Serving Dish and Bowl$9.297/20/22*Star Wars Puzzle$2.377/25/22Star Wars Puzzle$1.188/31/22*2 Coca Cola Puzzles$6.919/13/22*Stapler and Stapler remover$.549/26/22*Floral Plate$2.719/26/22*Old Spice Cologne bottle$3.259/26/22*Wood block set- kid's toy$2.179/26/22*Japanese Stein 1$4.339/26/22*Satellite Puzzle$2.3711/28/22*Tealight$2.3711/30/227/31/23$8.00*Board Game$3.781/4/23*Painter's puzzle$3.781/30/23*Logitech Ergonomic Mouse 1$10.272/9/23*Antique? vase$8.112/21/23*Teapot$5.943/3/23*Antique Plates$7.563/19/23*Marriage book/game$8.113/24/23*Rollerblades$16.774/1/23*Granite Cutting Blades (5)$40.544/4/23*TI BA II Plus calculator$5.944/5/23*Crystal bowl$5.944/10/23*Perfume bottle$8.114/10/23*Traumlicht candle holder$3.784/10/237/31/23$7.16*Pair of Shoes$37.865/4/23*Casserole dish$8.115/17/23*Nike Lebron XII Shoe$27.155/22/237/28/23$19.11*Nike Air Jordan V.5 Canvas$27.115/22/23* Air Jordan Flight Remix Wolf Grey$42.505/24/23*Rae Dunn King Sheet Set$21.616/14/23*Dyson Vacuum$20.026/20/23*Coffee Cup- Floral$2.706/20/23*White Sheet Twin Set$37.886/21/23*Twin Duvet Set$25.986/21/23*Skateboard$8.117/26/23*William Morris Duvet Set$42.227/28/23Underinvested$38.82Total inventory amount$477.51*Indicates purchased from Profit